The new kids on the blockchain, Modex, announces Initial Coin Offering in Financial Times Arab Banking and Finance report today

Modex is building on its existing fintech payment application, Moneymailme. The app will be used to deploy smart contracts and crypto currencies alongside traditional currencies to create a robust, borderless social payment ecosystem   Borderless social payment ecosystem is in particular high demand in emerging and frontier markets across Africa, the Middle East, and Asia LONDON, United Kingdom, October 13, 2017/ — Following the Jamie Dimon’s strange rebuke of crypto currencies and Lloyd Blankfein’s ambiguous tweet about still making up his mind on the future of blockchain the enfant terrible. Modex,…

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Best Ideas to Invest in Gold

In the modern world, many people invest in Gold. Unlike other invest options, Gold investments are consider to be resistant to financial fluctuations. The securities and money markets tend to keep fluctuating and it is becoming more difficult to predict the value of stocks. The Gold assessment on the other hand tends to be more stable with little fluctuation. This may be the reason why many people turn to investing in Gold as opposed to other investment options. The two most common types of Gold investments are Gold Bullion Coins…

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Off-grid Solar set to triple in Africa

The IEA has found that the amount of power from solar grew by more than 50%, and has officially increased energy output globally at a faster rate than any other fuel LAGOS, Nigeria, October 6, 2017/ — Off- grid solar will bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa A new report has confirmed that Solar is now the fastest growing energy source in the world, and is making a major impact in Africa. The International Energy Agency’s 2017 report (http://APO.af/inLXNs) on renewables…

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Hilton Launches Africa Growth Initiative

Initiative expected to add 100 properties to its portfolio over the next five years MCLEAN, United States of America, October , 2017/ — Hilton (http://Newsroom.Hilton.com) (NYSE: HLT) has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio. These funds are intended to support the conversion of around 100 hotels (roughly 20,000 rooms) in multiple African markets into Hilton branded properties, namely into its flagship Hilton Hotels & Resorts brand, the upscale DoubleTree…

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Taking an intelligent approach to Africa’s promising mobility revolution

Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology JOHANNESBURG, South Africa, October 5, 2017/ — Electrification, automation and digitalization of existing infrastructure gives citizens access to safe, reliable and efficient modes of transport Intelligent traffic systems reduce road congestion, automated rail infrastructure improves train efficiency and commuter safety Well-integrated intelligent mobility network promotes a culture of eco-friendly travel and healthier living Despite the continent’s transport infrastructure lagging behind global standards…

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African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid being captive to a single energy source and to allow them to rebalance budgets JOHANNESBURG, South Africa, October 5, 2017/ — NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon…

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Oradian named Top 100 African FinTech and winner of the European FinTech Award

With operations in five countries, including Nigeria, Ghana, Liberia and Malawi, Oradian reached a new milestone of serving over one million end-clients globally in June 2017 ZAGREB, Croatia, October , 2017/ — Oradian, the fintech company from Croatia, claimed its position as a leading technology provider with both a first-place finish in the European FinTech Awards competition and a nomination as a Top 100 African FinTech company. The win at the European Fintech Awards recognises Oradian as the European leader in Innovative Banking Software designed for microfinance institutions (MFIs) and…

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SAP Skills for Africa delivers 52 skilled graduates to drive digital transformation in East Africa

NAIROBI, Kenya,  October, – Digital transformation initiatives in East Africa received a welcome boost this week as 52 skilled youth graduated from an expanded East African SAP Skills for Africa program. Speaking at a graduation ceremony held at the Kenya School of Government in Nairobi, Head of SAP Skills for Africa Meena Confait said every one of the graduates have already been placed at partner and customer organizations in the region. “This year marked our first expanded East Africa program, with candidates from Kenya, Uganda, Rwanda and Ethiopia completing their…

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CHINA EUROPE INTERNATIONAL BUSINESS SCHOOL HOLDS ALUMNI AGM IN NIGERIA

Recently, the Nigerian chapter of China Europe International Business School, CEIBS Alumni held their annual general meeting and induction ceremony at the City Mall in Lagos, Nigeria. “Today marks the first of many great steps that the Alumni will embark on towards greatness. Together, we are entering another phase and taking the necessary steps towards building a CEIBS Alumni Nigeria chapter that is both progressive with fresh ideas and initiatives as well as responsive to the changing global climate,” said the President of the CEIBS Nigeria Alumni chapter, Sunday Adebayo…

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Rwanda dials up investment opportunities by playing to its strengths

Produced by Maritz Africa Intelligence specifically for the NTU-SBF Centre for African Studies, a trilateral platform for government, business and academia to promote knowledge and expertise on Africa, established by Nanyang Technological University and the Singapore Business Federation. The original document can be downloaded here. *** This article is a summary report of a panel discussion that took place during the Afreximbank annual general meeting, held in Kigali, Rwanda from 28 June to 1 July 2017.  My first impressions of Kigali, Rwanda’s capital, largely agreed with the ‘Singapore of Africa’ analogies I’ve…

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