Month: November 2023

This is the largest guarantee facility in sub-Saharan Africa; The risk sharing agreement marks the third renewal of the partnership between Ecobank (www.Ecobank.com) and AGF; SMEs from across 27 African markets in which Ecobank operates will benefit from the partnership; up from just 7 countries in 2013; The agreement includes favourable lending terms for gender financing and green transactions.   Ecobank, the leading pan-African banking group, and the African Guarantee Fund (AGF), a […]

MediaTek (https://www.MediaTek.com/), a global fabless semiconductor company powering nearly 2 billion connected devices a year, has collaborated with Digit to offer affordable 4G smartphones to Vodacom (https://www.Vodacom.com/) customers and make modern 4G/ LTE smartphones affordable to millions of its customers in South Africa, Egypt and Tanzania who are still using 2G devices. The Digit4G Energy smartphone is powered by the MediaTek MT6739 (https://apo-opa.co/3QFO9Xe), a feature-rich smartphone system on a chip (SoC). Digit is leveraging […]

On 31 October 2023, two staff members of the African Development Bank Group (www.AfDB.org) based in Addis Ababa were unlawfully arrested, physically assaulted, and detained for many hours by elements of the security forces without any official explanation. We are pleased that the Prime Minister of Ethiopia immediately acted when he learnt of the incident, ordered the immediate release of the affected staff and promised to order an immediate investigation into the incident. This […]

Leading payments fintech company Cellulant (www.Cellulant.io) has today announced that it has obtained the initial approval as a Payment Service Provider and Payment Facilitator in Egypt. Adding these licences strengthens Cellulant’s operations in Africa, where it has the most comprehensive payment infrastructure, integrating over 370 payment methods, operating in 35 markets with licences and physical offices in 19 countries. With its collections and disbursement payment solutions, Cellulant will enable global […]

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) today in Cairo launched an African Gastronomy and Culinary Arts Programme under its Creative Africa Nexus Initiative (CANEX). Launched during the third Intra-African Trade Fair (IATF2023), the CANEX African Gastronomy and Culinary Arts Programme is the newest vertical within the CANEX programme and featured nine celebrity chefs from Africa and the Caribbean taking part in masterclasses, live cooking demonstrations and conversations with culinary experts. […]

Motorola Solutions (https://www.MotorolaSolutions.com) proudly rang the opening bell at the New York Stock Exchange, celebrating its continued, purposeful transformation centered on safety and security. Yesterday, the company announced its new brand narrative, ‘Solving for safer,’ which highlights its sharpened focus on solving for safer communities, safer schools and safer businesses. “From our storied history, today we bridge to an even stronger future. Everyone is entitled to feel safe in their […]

Ransomware attacks are a global concern, with a shocking 40% increase in both frequency and severity over the last year. “South Africans are at significant risk due to the increasing use of Ransomware-as-a-Service (RaaS),” warns Anna Collard, SVP Content Strategy&Evangelist at KnowBe4 AFRICA (www.KnowBe4.com). Using RaaS also increased by 40% (https://apo-opa.co/49Bynp3) over the last year. Threat actors now sell their sophisticated ransomware solutions and services, keeping up to 80% of […]