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...
Month: <span>September 2024</span>
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Africa Data Centres announces additional 6MW capacity now live in Cape Town
Africa Data Centres, a business of Cassava Technologies, has announced it is expanding its CPT1 facility in Cape Town. This expansion shows the data centre giant adding three new state-of-the-art halls in new areas on the campus and adds another 6MW of IT load, effectively doubling its current capacity. The new expansion was implemented with support...
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Google abusing power over website ads says UK antitrust regulator
Britain’s antitrust regulator said it had provisionally found Alphabet’s Google had abused its dominant position in digital advertising to restrict competition. The Competition and Markets Authority (CMA) said it believed Google was using anti-competitive practices in open display ad tech through the preference of its own ad exchange, which could be harming thousands of British...
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Azentio acquires intellectual property and other assets of Kuwait-based Pysurance and iMOTOR
Azentio Software announced the completion of the acquisition of software assets and intellectual property (IP) of iMOTOR and Pysurance from two Kuwait-based software product companies. The acquisitions will see Azentio re-writing the future of insurance software by allowing the organization to build the next generation of insurance software on a state of the art, innovative...
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Chelsea announces Jason Gannon as new CEO, he replace Chris Jurasek
Chris Jurasek has stepped down as chief executive of English soccer giants Chelsea after only 15 months. Jurasek joined the Premier League club in May 2023 from Clearlake Capital, the private equity firm which co-owns the Blues. According to The Telegraph, he had become unpopular among sections of staff and supporters due to various changes, including cutting travel subsidiaries for...
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eSports World Cup delivered 30% tourism boost for Riyadh, “way beyond” projections says CEO
Saudi Arabia’s inaugural Esports World Cup (EWC) has exceeded expectations and has delivered “real money” and visibility for the competitive gaming industry, according to the event’s chief executive Ralf Reichert. The first edition of the EWC took place in Riyadh from 3rd July to 25th August, featuring 21 game titles, more than 500 teams and...
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Network International extends strategic partnership with Orabank Group to transform Francophone markets
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its strategic partnership with Orabank Group, the largest banking group in Francophone Africa, to transform the bank’s prepaid and agent banking solutions. The partnership is a significant milestone in enhancing the banking experience for Orabank Group customers and...
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BIDTravel transforms IT infrastructure with Nutanix to Optimise Private Cloud
Nutanix, a hybrid multicloud technology company has been selected by leading travel management company Bidvest Travel (BIDTravel) as the backbone for its private cloud environment. Embracing technological innovation, Bidvest Travel (BIDTravel) has redefined travel management services across corporate and leisure sectors. The company provides industry-leading travel management services to both corporate entities and leisure travellers...
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Afreximbank extends a hand of support to Caribbean countries impacted by Hurricane Beryl
African Export-Import Bank (Afreximbank) has responded to the devastation caused by Hurricane Beryl, donating over half a million US dollars to aid disaster relief and rebuilding efforts across Caribbean countries that were hard-hit. Hurricane Beryl severely devastated the Grenadian islands of Carriacou and Petite Martinique as well as several islands in Saint Vincent and the...
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Green Climate Fund approves $151 million for African Development Bank’s climate resilience programme
The Green Climate Fund has approved $151 million in financing for a major resilience programme supported by the African Development Bank to address climate vulnerability in the Horn of Africa. The approval was granted at the Fund’s 39th Board meeting and comprises a $90.7 million grant and a $60.3 million loan. The financing will support the Bank...