The International Monetary Fund (IMF) says the recent slowdown witnessed in Foreign Direct Investment, especially in developing countries can be linked to the divergent trade patterns among countries, with flows increasingly concentrated among geopolitically aligned countries, particularly in strategic sectors. It said the new development would affect emerging markets and …
Read More »The Data Center Revolution in Africa – Deploying Technology for Tomorrow
With the rapid growth of digital transformation in the continent, data centers play a pivotal role in ensuring that data is safely stored and made accessible for users, Pierre Havenga, Managing Director, Vertiv in Middle East and Africa writes. Africa is rapidly emerging as a major player in the global …
Read More »Google Wallet Services Unveil in First African Country, South Africa
South Africa has become the first market of Google Wallet in Africa together with its integrated Google Pay service, in South Africa as a form of digital payments. Aside from the said country, the app is also launched in five other markets around the world. According to Google, the launch …
Read More »Nigeria’s Digital Banking Transactions to Add $6bn to GDP by 2026 — Report
Nigeria’s economy has greatly been reaping the benefits of real-time and digital banking transformation in the last few years with the country recording 3.7 billion real-time transactions in 2021, valued at $3.2 billion which may rise to $6 billion by 2026, a report said. Nigeria’s real-time and digital payments revolution …
Read More »15 Startups Chosen for Google for Startups Accelerator Africa Class 7
….Participants hail from seven countries, with Cote D’Ivoire represented for the first time Google today announced the participants in Google for Startups Accelerator Africa Class 7. The selected startups are developing solutions in areas such as healthcare, education, fleet management, logistics automation and recruiting. This seventh class includes 15 tech …
Read More »Coca-Cola Launches New Sustainability Platform in Africa, JAMII
Coca-Cola Africa (www.coca-colacompany.com) Operating Unit (“AOU”) and its bottling partners announced the launch of JAMII, the new Africa-focused sustainability platform. The platform houses the Company’s existing and new sustainability initiatives. Through this signature platform, Coca-Cola hopes to attract like-minded partners to help accelerate on-the-ground impact of its initiatives. The new …
Read More »Treepz Acquires Ugabus in East Africa, Closes Seed Round at $2.8 Million
In a bid to digitize the public transportation system and provide safer, reliable and comfortable commute options across Africa, Toronto-based shared mobility company, Treepz, has announced its acquisition of a similar Ugandan bus company Ugabus. Treepz was founded in 2019 and currently operates in Nigeria and Ghana. It is simply …
Read More »COVID-19: Why Hybrid Working is Right for your Business
By Andrew Bourne, Regional Manager, Africa, Zoho Corp. With both the COVID risk and changing employee preferences in mind, businesses should, if they have not already, consider implementing sustainable hybrid work approaches as a core part of their business continuity strategies. This is coming as Nigeria enters its third wave …
Read More »Zoho Updates Business Intelligence “BI” Self Service Platform, AI-driven Data Analytics Solution for Businesses
Zoho Corporation, a leading global technology company has announced its new Business Intelligence (BI) Platform — an AI-driven data analytics solution empowering businesses to surface precise and actionable insights through self-service data preparation and augmented analytics. Zoho also launched Zoho DataPrep, an augmented self-service data preparation and pipeline service. Zoho’s …
Read More »Ecobank Group Reaches Another Milestone in Financial Inclusion in Africa
In its bid to promote financial inclusion in Africa, the Ecobank Group (www.Ecobank.com) and Semoa a Fintech based in Lomé are enabling mobile money users in Togo to carry out banking faster and easier, across West African Economic and Monetary Union ( WAEMU) through a new digital banking service via …
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