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- Nigeria will now benefit from the yearly $4.7 trillion exportation of digital services.
- National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance to enable the benefits.
- The alliance is in line with the Digital Innovation and Entrepreneurship Pillar of the agency’s 2021-2024 Strategic Roadmap and Action Plan.
Nigeria is set to benefit from the yearly $4.7 trillion exportation of digital services.
This follows an alliance that was forged between the National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC).
NITDA’s Corporate Affairs Department, headed by Hajiya Hadiza Umar in a statement said the alliance was in line with the Digital Innovation and Entrepreneurship Pillar of the agency’s 2021-2024 Strategic Roadmap and Action Plan.
The immediate past NEPC Executive Director, Segun Awolowo in a a press briefing to commemorate the consolidation and partnership between the two organizations lauded the …
- The event has been postponed over the new COVID-19 variant, Omicron.
- This marks the second year running that the vital investment forum has been disrupted due to the coronavirus, with last year’s event cancelled.
- This year’s Africa Investment Forum was meant to showcase118 deals in its pipeline from all eight founding members.
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum (AIF) until further notice.
Delegates had already started preparations to travel to Abidjan for the event that had been slated for December 1, 2021.
The event has been postponed over the new COVID-19 variant, Omicron.
What is Omicron?
The heavily mutated Omicron variant was first detected in South Africa on Nov. 25, with the first cases identified in neighbouring Botswana and later cases reported in Tshwane, the municipality in which Pretoria is located.
According to the World Health Organization (WHO), the new variant is likely to …
As of 2019, Kenya, South Africa, Zambia, and Zimbabwe all had well-established private seed inspection systems. Ghana, Malawi, Mozambique, Nigeria, Tanzania, and Uganda have all made substantive steps towards introducing private seed inspection to augment often overstretched public inspection services.
Counterfeit seed is a growing problem in most African countries, threatening the livelihoods of smallholder farmers who unknowingly purchase regular grain labeled as certified seed.
Seed companies in the DRC, Madagascar, Malawi, Nigeria, Rwanda, and Zimbabwe have each reported more than 20 cases of fake seed per year.…
- The Nigeria Country Risk report by Fitch Solutions projects Nigeria’s economy to grow by 2.8% in 2022.
- According to data published by the National Bureau of Statistics, the real GDP growth accelerated for a third consecutive quarter to 5.0% y-o-y in Q221, from 0.5% Q121.
- This is on the back of stronger household spending and an increase in crude oil export value.
The Nigeria Country Risk report which has been released by Fitch Solutions has projected the West African country’s economy to grow by 2.8% in 2022.
This is on the back of stronger household spending and an increase in crude oil export value.
The projections were made following expected growth of 2.1% in 2021 from the 1.9% contraction recorded in the previous year, which was affected by the covid-19 lockdown measures.
According to the report, government consumption is expected to rise in the coming year, based on …
- Through the partnership, NBK will offer financial solutions to buyers and sellers from Kenya while providing an avenue for them to interact and network with other traders.
- The deal is aimed at offering e-commerce services to Kenyan traders to access goods from across the globe but mainly UAE and Asia via DUBUY.COM.
- Trade enabler, DP World, announced the launch of its global wholesale e-commerce platform DUBUY.com in Kenya on Tuesday November 9, 2021.
Micro, Small and Medium Enterprises (MSMEs) in Kenya will now have access to global markets, mainly the United Arab Emirates (UAE) and Asia.
This follows a trade partnership deal that was on Wednesday November 10, 2021 signed between the National Bank of Kenya (NBK) and the leading global logistics provider DP World.
The deal is aimed at offering e-commerce services to Kenyan traders to access goods from across the globe but mainly UAE and Asia via DUBUY.COM.…
- The launch of OneVoice for Cloud PBX is part of the organization’s investment as it partners with its customers in their digital transformation journeys that have accelerated due to the Covid-19 pandemic.
- The OneVoice for Cloud PBX solution will assist businesses irrespective of their size in their telephony and collaboration needs.
- The solution is powered by a single integrated platform converting legacy PBX telephony system into a cloud-based IP communication solution.
Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group on Thursday November 11, 2021 launched OneVoice for Cloud PBX offering in six key African markets.
The firm which is currently present in more than 20 countries, mainly in sub-Saharan Africa has firmly established
itself as the leading provider of pan-African digital infrastructure with an extensive network covering over 100,000 km.
The launch of OneVoice for Cloud PBX is part of the organization’s investment as it partners …
- Africa Oil Week will serve as a platform to fuel future collaborations and partnerships between UAE and Africa.
- This collaborations and partnerships are set to result in additional high-value deals in the energy sector.
- The event has witnessed attendance from more than 35 heads of government departments from the African continent and the Middle East
With the United Arab Emirates’ investments in Africa reaching $5.64 billion in recent years, Africa Oil Week (AOW) will serve as a platform to fuel future collaborations and partnerships between UAE and Africa.
This collaborations and partnerships are set to result in additional high-value deals in the energy sector.
The 2021 AOW has taken beyond the borders of the African continent and hosted in Dubai for the first time since its inception.
The four-day event will conclude on 11th November. AOW will be held in its original destination of Cape Town next year.
The event …
- The largest and most prestigious oil and gas show for the African upstream which is scheduled to run from November 8 to November 11 will be taking place at Madinat Jumeirah Conference Centre, Dubai
- This is the first time the conference is taking place in the UAE.
- The 2022 event will then return to CTICC in Cape Town, South Africa for which the organizers have signed a 3-year deal.
- Facebook and its other apps(Instagram and WhatsApp) will be operating under the Meta umbrella.
- Facebook is now working towards building a “metaverse”.
- People in a metaverse might use a headset to enter a virtual world connecting all sorts of digital environments.
On Thursday October 28, 2021, social networking giant Facebook changed its name and rebranding itself as Meta. But do you really know what “meta” means? Well, the word “meta” comes from the Greek word meaning “beyond”.
As a result of rebrand, Facebook and its other apps(Instagram and WhatsApp) will be operating under the Meta umbrella.
While unveiling the new brand, Facebook boss Mark Zuckerberg said the company is broadening its reach beyond social media into areas like virtual reality (VR).
According to Zuckerberg, Facebook as a company has been looking at and reporting on its business as two different segments, one for its family of apps, and one for …
- Zimbabwe used the Covid-19 opportunity to re-engineer its investment to rise to the occasion.
- The country was able to utilise its local abilities and opportunities.
- Zimbabwe’s local industrial sector also witnessed a renewed investment and growth.
Africa suffered major economic impacts as a result of Covid-19. Or is it? Well, most of these impacts are largely a consequence of the preventive measures adopted by the respective African governments to curtail the spread of coronavirus.
Key measures adopted by most countries to curtail the spread include the closing of their frontiers and partial or complete lockdowns of economies which among other things, have seen the temporary closure of businesses, schools and social services.
First, being the last region to register COVID-19 cases, Africa was already experiencing the consequences mainly through its trade links with the European union (EU), United States of America (USA) and China, resulting in
dwindling markets for African …