Browsing: India

• 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 …

AfCFTA will diversify exports, accelerate growth and it will competitively integrate into the global economy. This will increase foreign direct investment (FDI), increase employment opportunities and incomes while also broadening economic inclusion.

Projected estimates show that the FTA will increase Africa’s exports by US$560 billion with manufacturing accounting for the lion’s share. While has had limited trade within itself, the agreement will see intra-continental exports increase by 81 per cent and by 19 per cent to non-African countries.…

February 14, 2020 was the day that the first case of Covid-19 was reported in the Africa Continent, and this was in Egypt, today almost every country in the continent has registered Covid-19 cases with the WHO. With Africans nations embracing the new normal and reportage indicating declining trend in new cases across much of the region, seven countries, including Benin, Eritrea, Eswatini, Liberia, Nigeria, Sierra Leone and South Africa are showing
an increase of more than 20% in cases.

A slight increase in deaths was also reported. South Africa has seen an increase in weekly cases for the second consecutive week. Even with a declining trend across the African region, the high number of cases reported globally still pose a risk for the region. Additionally, three countries have very high rates of community transmission and are of serious concern.

Testing in most of the African countries has seen Multidimensional …

While Nigeria is the largest exporter for Sesame seeds, there’s still a lot of untapped potential of the lucrative export business this even as the seeds demand increases  globally.

According to United states market based research report known as Hexa Research the Global sesame seeds market size is expected to hit $17.77 billion by 2025.

The fueling market demand was associated with its Increased application of the product as an anti-oxidant in various pharmaceutical formulations.

With the world production of Sesame seeds estimated to be 4. 8 million tonnes, ten [10] countries accounts for over 80% of it which includes Myanmar, India, China, Tanzania, Sudan, Ethiopia, Nigeria, Burkina Faso, Uganda, and Niger.

Africa, accounts for over 45 per cent of the crop, and in the last 10 years has become as a fast-growing supplier of sesame seed in the world market.

Of the Sesame seeds global production, over two million …

The President of Tanzania, H.E. John Pombe Magufuli has raised a storm on the social media after questioning some of the tests conducted on Tanzanian patients, which he attributes to either poor workmanship in the National Referral Laboratory or faulty kits.

In a televised speech, the Tanzanian leader narrated how his security agents submitted different samples from domestic and wild animals as well as fruits and even natural oil, all disguised as human samples with queer results of goat, pawpaw and quail all returning positive for Covid-19.

Though this has become an online buzz, this has also raised critical questions on the validity of tests currently being used in Africa, mainly from China. There have been fears of the tests returning an invalid result painting a wrong picture of the pandemic.

African countries have been heavily relying on donated kits with Chinese billionaire Jack Ma sending in over one million …

The Dangote Fertiliser project will create thousands of direct and indirect jobs in construction and related fields…

India’s national airline has re-launched commercial operations to Kenya’s capital Nairobi, making a return to the route it abandoned a decade ago.

Air lndia’s flight from Mumbai to Nairobi landed at the Jomo Kenyatta International Airport (JKIA) on Wednesday with 100 passengers on board.

READ ALSO:KQ boosted by increased India flight deals

This marked the return of the airline to Kenya after 10 years.  It return is now seen a s a major boost for trade, investment and tourism activities between the two countries which have shared trade and economic ties for many years.

The airline will offer four direct flights a week-Tuesday, Wednesday, Friday and Sunday with plans to offer additional flights in the pipeline, it said during the launch.

READ ALSO:Kenya woos India in agribusiness trade ties

According to tourism industry players, Air India will be instrumental in increasing uptake from both Tier I and II …