AI and Digitalisation will transform the financial services sector, but businesses need a plan
Businesses say the lack of clarity around ESG and AI regulation is a key challenge to realising the benefits of technology and innovation; Despite recognising the business opportunity with AI, as firms opt to bring in suppliers rather than recruiting in-house specialists, they may be left without the internal talent - risking falling behind the curve in the future.
New...
Africa50 investment platform gets thumbs up for its innovative financing, strategic partnerships and performance
Africa50 (www.Africa50.com), the investment platform established by African governments and the African Development Bank, is exceeding expectations and closing critical infrastructure funding gaps through innovative financing mechanisms and strategic partnerships, stakeholders heard on Thursday.
Speaking at Africa50's 2024 annual General Shareholders Meeting held in Antananarivo, the President of Madagascar, Andry Rajoelina, and his Tanzanian counterpart, Samia Suluhu Hassan, acknowledged the...
The African Development Bank Group grants over $67 million to improve governance in its energy sector
The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $67.3 million to Madagascar on 20 September 2024 to implement the first phase of its economic growth-inducing Financial Management and Resilience Support Programme for 2024-2025.
The loan from the African Development Fund, the Bank Group's concessional financing window, includes funding from the Transition Support Facility.
"The...
Safaricom increases internet speeds for Home and Business Customers
Safaricom (NSE: SCOM), has increased internet speeds for its home and business customers to meet the growing needs of individual and enterprise customers.
For Home fibre, Safaricom has also introduced a new ultra-fast 1000Mbps (Gigabit per second) Platinum plan, at KES 20,000 monthly, making Safaricom the first to deliver Giga speeds for home internet in a bid to meet the...
Uniting Purpose-Driven Leaders to Shape Africa’s Sustainable Future
The 2024 Africa Shared Value and ESG Summit taking place in Nairobi, Kenya on October 24th and 25th, will unite business leaders from across the continent to address what is crucial for securing a sustainable future for all of Africa. As the summit continues to build on the legacy of the Africa Shared Value Leadership Summit, first established in 2017,...
Menzies expands presence in Africa with new cargo facility
Menzies Aviation, the leading service partner to the world's airports and airlines, has announced the official opening of its new cargo facility at Maputo International Airport (MPM) in Mozambique.
The state-of-the-art facility means that Menzies can now handle cargo at MPM, increasing Mozambique's freight capacity. This represents a significant expansion in Menzies' footprint across East Africa, with the company's regional...
How government enables energy success; The case of Angola
The key to the successful, long-term development of a country's natural energy resources can be a government that is willing to partner with energy companies to share risks as well as benefits, and to devise compliance approaches for effective social and environmental transformation.
So says Equinor Angola managing director Ane Aubert, of the company's decades-long investment in Angola.
Government effort
Equinor is...
Kenya Power’s Lillian Kamanja among the top 25 Under 40 Energy Women Rising Stars
As Africa's energy sector continues to grow, a new generation of women is breaking barriers and redefining leadership in this critical industry. The African Energy Chamber (AEC) proudly announces the 2024 edition of the 25 Under 40 Energy Women Rising Stars – a group of outstanding individuals whose innovation, perseverance and passion are transforming the landscape of African energy. These trailblazers...
Libya’s Infrastructure Rebuild: Italian Expertise and Global Investment
As Libya seeks partners for rebuilding its critical infrastructure and supporting economic recovery, international companies, particularly from Europe and the Middle East, are invited to participate in the country's reconstruction efforts through public-private partnerships and direct investment. The Libya-Italy Roundtable and VIP Networking Evening – taking place in Rome on September 23 – will showcase the country's current infrastructure...
Vertiv’s Contribution to Africa’s Digital Future Highlighted at Connected Africa Summit
Rohan Patil, regional manager for East Africa at Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, received personal recognition at the Connected Africa Summit in Nairobi, Kenya, for his participation in the panel and overall contribution to shaping Africa's digital future.
Hosted by the Kenyan Ministry of Information, Communication and the Digital Economy, the summit is an initiative towards shaping the digital destiny of Africa...
