- Higher fuel prices set to hit inflation-weary South Africans
- M-Mama’s life-saving journey reaches Malawi
- Natural gas, a flame of opportunity for African economies
- Africa shows real promise in green hydrogen
- Forum positions Africa as a hub for trade and investment
- AfDB and ECOWAS take stock of regional integration strategy
- World’s largest submarine cable project 2Africa lands in DRC
- A Safaricom-Apple partnership is on the horizon
- Global deal activity down 27.5 percent Month-on-Month (M-o-M) and 46.7 percent Year-on-Year (Y-o-Y) in January 2023.
- All the deal types under coverage witnessed massive double-digit decline
- According to the data, a total of 3,667 deals* were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7 percent Y-o-Y (Year on Year) decline over January 2022.
Mergers and acquisitions, private equity, and venture financing deal activity is off to a slow start in 2023 globally as the first month of the year itself saw a significant contraction in deals volume according to the latest data from GlobalData, data and analytics company.
According to the data, a total of 3,667 deals were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7 …
- Limited internet access is inhibiting the uptake of agricultural innovations across Africa.
- While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.
- Innovative solutions are the key to boosting employment and increasing youth participation in the agricultural sector.
Limited internet access is inhibiting the uptake of agricultural innovations across Africa. This is according to Hon. Frank Tumwebaze, Uganda’s Minister for Agriculture, Animal Industry and Fisheries.
Speaking at the sidelines of the two-day Africa-Korea Agtech Innovation Summit held in Nairobi, Hon. Tumwebaze, said, “While Agriculture remains the backbone of Africa’s economy, farmers in rural areas are yet to benefit from the innovative solutions designed to increase productivity within the sector.”
The Uganda Minister emphasized the role of Governments’ investment in internet penetration across Africa’s rural areas. This will aid in adoption of …
- About 22 districts across Zambia are underwater due to climate change-induced flooding caused by above-average rains according to CARE Zambia
- The humanitarian organisation reports that over 70 districts in Zambia are at a high risk of flooding even as the rains continue to fall, and rivers burst their banks.
- The climate crisis has directly affected at least 1.5 million people – including an estimated 821,000 children.
About 22 districts across Zambia are underwater due to climate change-induced flooding caused by above-average rains according to CARE International.
The firm reports that over 70 districts in Zambia are at a high risk of flooding even as the rains continue to fall, and rivers burst their banks.
In six districts where CARE works, there has been continuous rains that have led to flash floods. Hundreds of hectares of planted fields and grazing lands are underwater. Homes have been submerged as roads and bridges …
The Commission was established to recommend a set of actions to accelerate an end to adult smoking and other toxic tobacco use.
Chaired by Ambassador (ret.) James K. Glassman, former U.S. Under Secretary of State for Public Diplomacy and Public Affairs, the Commission includes representatives from India, Indonesia, South Africa, and the United Kingdom.
A major focus of the report is the failure of governments and international organizations to address the special needs of LMICs , as well as the needs of marginalized communities within higher-income countries, including racial minorities, indigenous people, those with mental health conditions, and those living with diseases. The report examines the role of emerging innovations, physicians and risk-proportionate policies in ending smoking.…
- Kenyatta said the interventions would help an economy that was already recording remarkable recovery
- The new programme targets the key product and service sectors in thirteen strategic intervention
Kenya’s President Uhuru Kenyatta has announced the rolling out of the country’s third financial stimulus programme, designed to accelerate the pace of economic growth and to sustain the gains already made.
Speaking during the Mashujaa Day celebrations on Wednesday, October 20, Kenyatta said the interventions would help an economy that was already recording remarkable recovery.
“This rebound is as a result of the gradual reopening of the economy especially the services sector coupled with stronger global demand. This recovery is reflected in the strong revenue performance for the Quarter ending September 2021,” he said.
The new programme, which will be effective 1st November 2021, targets the key product and service sectors in thirteen strategic interventions as listed below.
The first intervention is…
- TLG’s investment supports their digital banking aspirations and helps position FairMoney to grow their share of wallet
- FairMoney operates a credit-led strategy: offering credit via an app and subsequently offering bank accounts
- The average loan size is 30 Euros and customers can grow their loan limits up to 1,000 Euros over time
TLG Capital has announced an investment it has made into a Paris based fintech company, FairMoney in Nigeria.
FairMoney, which operates a neo-banking platform in Nigeria provides underbanked users with bill payment solutions and collateral-free lending. The company has a microfinance bank license from the Central Bank of Nigeria, which permits it to officially operate as a financial services provider in the country.
The company’s Co-Founder and CEO, Laurin Nabuko Hainy, says TLG’s investment supports their digital banking aspirations and helps position FairMoney to grow their share of wallet while offering services to the financially excluded and …
Forex Trading Guide in South Africa
If you seek detailed information on how to trade forex in South Africa, we are here to teach and guide you as a beginner trader into the wonderful world of forex trading.
The reason behind the craze among the people for forex trading is that it is one of the most liquid markets in the world. On average trading, amounts exceed $5 trillion every day in the forex marketplace. In South Africa, trading amounts exceed $80 Billion (approximately R120 Billion Rand) on a daily basis.
In South Africa, there are many trading rules and regulations placed to minimize Forex trading risks. These rules and regulations are placed by the South African Financial Sector Conduct Authority (FSCA) which is formally known as Financial Services Board (FSB). FSCA is responsible for controlling all financial activities in the country. Through FSCA all the Forex brokers …
- The Africa Pulse report notes that Sub-Saharan Africa exits recession this year, but recovery is still timid and fragile
- It adds that the region is reforming, and notes that what is most needed to boost and sustain economic recovery is financing
The World Bank now says that Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 per cent in 2021.
This is one per cent higher than the April 2021 forecast according to its latest edition of Africa’s Pulse.
The bank said that the rebound is currently fueled by elevated commodity prices, a relaxation of stringent pandemic measures, and recovery in global trade.
“Commodity prices remain well above their pre-pandemic levels, with several reaching all-time highs. Oil prices rose above their pre-pandemic levels in the first half of 2021 but have plateaued more recently due to demand …
- Mastercard Impact Fund has committed a initial philanthropic investment of $25 million
- The company said small business owners are currently in need of innovative solutions
- It builds on Mastercard’s $250 million commitment to support small businesses’ financial security made last year
Mastercard, through the Center for Inclusive Growth, has launched a new program dubbed ‘Strive’, to strengthen the financial resilience of small businesses as well as support their recovery and growth.
In a statement, the company said the initiative, which is global, will help micro and small enterprises transition to using digital platforms and processes.
The technology company said the launch of the initiative comes at a time when there has been a rapid shift towards digital services, which was necessitated by the coronavirus pandemic.
An initial philanthropic investment of $25 million from the Mastercard Impact Fund has been committed to the initiative whose aim is to help more than …