Via Quartz, an article on how Germany is looking to west Africa to help solve its gas woes: On May 22, Olaf Scholz started a three-day tour of Africa in Senegal—his first since becoming the chancellor of Germany—and said his country wants to help develop natural gas projects off the coast of west Africa. Germany is […]
Read more »Via Quartz Africa, a report on Rihanna’s Fenty Beauty which is expanding into Africa: Fenty’s planned launch in Africa is perceived as a reaction to the growth of the continent’s beauty and personal care industry which is now valued at over $12 billion. Latest figures show the market could reach $14 billion in 2022, oiled by a […]
Read more »Courtesy of Quartz, an article on why Nigeria’s biggest telecom companies are getting banking licenses: Nigeria is increasingly liberalizing its financial services sector away from a total dependence on banks to include providers with different business models and distribution channels. The latest step in that evolution is the granting of ‘payment service bank’ licenses to […]
Read more »Courtesy of The Guardian, an article on how Facebook - as it faces rising pressure in the west – is investing in digital infrastructure elsewhere: When government officials in the southern Nigerian state of Edo set about radically improving poor internet access for its population of 4 million, they didn’t have to look far for help. […]
Read more »Via Reuters, a report that the African Development Bank has secured $32.8 billion for projects in Africa: The African Development Bank (AfDB) has secured $32.8 billion in investment commitments for projects in Africa, the bank’s president said at the closing of a meeting with investors on Thursday. The largest deal secured at the three-day Africa Investment […]
Read more »Via Quartz Africa, an article on how MTN, Africa’s biggest telcom, thinks its booming fintech and 4G services will woo Gen Z users: Last year in Nigeria, African telecoms group MTN doubled its mobile money transaction volume, deployed 4G in over 9,000 new sites, and bought spectrum for its 5G rollout. On Feb. 27 while unveiling […]
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