Ecobank announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flasghip Ecobank Fintech Challenge 2024. Twelve (12) innovative fintech startups competed to impress the esteemed panel of five judges for the US$50,000 prize. The judges, comprised of renowned industry experts, evaluated the finalists based on criteria such as innovation, market potential, scalability and team strength....
Month: <span>September 2024</span>
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Local bakeries and homes flourish under Benin’s new urban electricity project
The bustling sound of dough kneading fills the air at Pierre Gbenou Tito Dossou’s bakery in Okoun-Sèmè, Benin, as the once energy-starved business now hums along smoothly. Orders for bread, croissants, and chocolate pastries are met on time, a feat Dossou attributes to a newly stable power supply. “I struggled with electricity shortages for over...
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PayRetailers expands further into Africa, boosting financial inclusion across eight markets
PayRetailers, the leading payment processor for Latin America, has announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth. PayRetailers offer a simple, user-friendly, and scalable...
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OPINION | Africa’s Trade Transformation: The Power of Technology for Sustainability writes Arnaud Bouraima
In the face of mounting global environmental challenges such as climate change, biodiversity loss, and pollution, and increasing focus on environmental, social and governance (ESG) awareness, sustainable trade practices and supply chains have the potential to radically transform Africa’s economic future. From green logistics to fair trade and circular economy principles, sustainable trade practices have...
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ColendiMind democratizing Access to Artificial Intelligence (AI) in Financial Services
Colendi AI, a leader in fintech innovation, introduces ColendiMind, an advanced AI solution aiming to enhance decision-making, improve customer experience, and boost loan performance for financial institutions globally. Targeting new markets, Colendi AI plans to open a Middle East and Africa regional office in early 2025, following its success in Istanbul. Colendi AI, a leading...
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Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating with a Change from Negative to Stable Outlook
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that it has received an uplift to its credit ratings outlook from Moody’s Investors Service, with the assignment of a “stable” outlook. This decision further solidifies AFC’s position as one of the highest investment-grade African institutions, with Moody’s affirming the Corporation’s long-term issuer...
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Sinclair returns as Sankofa acquires AOW energy event
In a major development for the African energy sector, Sankofa Events, led by respected energy executive Paul Sinclair – has acquired the AOW industry event – previously known as Africa Oil Week. With the AOW acquisition, Sinclair returns to take the helm of the summit that he helped build into Africa’s leading oil, gas and...
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Tarsus On Demand becomes an Amazon Web Services (AWS) distributor
Tarsus On Demand (TOD), a leading provider of cloud solutions, has become an Amazon Web Services (AWS) distributor and will work with AWS to provide enhanced cloud services and support for Independent Software Vendors (ISVs) and Managed Service Providers (MSPs) across sub-Saharan Africa. Becoming an AWS distributor will enable TOD to combine its strengths with...
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Airbnb to grow its long-term rental business as short-term rentals
Vacation rental company Airbnb sees a huge opportunity to grow its long-term rental business as short-term rentals are under growing scrutiny in tourist hot spots like Athens and Barcelona. The company is focused on growing its long-term rental business, which refers to stays of 28 days or longer, CEO Brian Chesky told an audience at a...
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Mpumalanga residents urged to use water sparingly
The Department of Water and Sanitation (DWS) has called on Mpumalanga residents to use the available water the province has, wisely and sparingly, as dam levels record a marginal decrease from last week’s 86.0% to 85.1% in the current week. In a statement on Thursday, the department urged residents to fix and report water leaks....