African Export-Import Bank (Afreximbank) signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC), marking a major step in expanding green infrastructure across the Central African region. Partnering with Kipay Investments SAS (Kipay), the Bank will finance the technical and bankability studies, legal, financial advisory...
Month: <span>December 2024</span>
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Cassava Technologies Secures USD 310 Million in Funding from Google and others
Cassava Technologies (Cassava), announced three significant milestones: a substantial equity injection, the successful completion of its South African Rand (ZAR) debt refinancing, and the finalization of its legal reorganization. These strategic initiatives position Cassava for robust growth underpinned by a strong balance sheet. Cassava has closed an equity investment round of $90 million with participation...
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PalmPay and Jumia enter Strategic Partnership, Launch Integration for Shoppers in Nigeria
PalmPay, a leading Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria. This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow...
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How Artificial Intelligence (AI) is Making Entrepreneurship Easier
AI gives you a structure, but your own ideas and understanding of your business makes the plan unique!! In today’s fast-paced business world, writing a comprehensive business plan can feel overwhelming for entrepreneurs. However, with the advancement of Artificial Intelligence (AI), this process is becoming more efficient and accessible. This guide shows how to use...
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Are We Surrendering Too Much Personal Power to Smartphones and AI?
The rapid advancement of smartphones, tablets, and Artificial Intelligence (AI) has profoundly reshaped modern society, offering unprecedented convenience and efficiency. However, these technologies are not without their challenges, particularly in how they influence personal autonomy, privacy, and decision-making. This article, written from an academic perspective by Ravin Baburam from Regent Business School, critically examines the trade-offs...
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The future of customs: how technology and partnerships are paving the way for global trade
The World Customs Organization (WCO) Technology Conference in Rio de Janeiro took place last November, but its energy and excitement remain vivid. It was clear that the global customs community recognizes the urgent need for transformation. Delegates from around the world agreed that the traditional customs processes are no longer sufficient to meet the demands...
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TikTok’s potential bidder speaks out about overhaul plan for the company
U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team, said he has received verbal funding commitments totaling $20 billion from a consortium of investors...
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Air France-KLM signs a codeshare agreement with Airlink to Expand Travel Options Across Southern Africa
Air France-KLM announced the launch of a new codeshare agreement with South African carrier Airlink (4Z), effective 3 December 2024. This commercial partnership will enhance connectivity for travellers, offering Air France and KLM customers access to an extensive range of destinations in the Southern Africa region via Johannesburg (JNB) and Cape Town (CPT) airports. At this...
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Exabeam Appoints Mike Byron as Chief Financial Officer
Exabeam, a global cybersecurity provider announced the appointment of Mike Byron as Chief Financial Officer (CFO). Byron’s extensive experience in optimizing financial processes and driving profitability will help Exabeam scale its operations while continuing to meet the evolving needs of its customers. Byron brings over 20 years of experience leading global finance organizations, including those...
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PRISA launches SMARTGEN: Shaping the future of Public Relations
The Public Relations Institute of Southern Africa (PRISA) announced the launch of SMARTGEN, a dynamic initiative designed to empower the next generation of PR and communication professionals. Set to roll out in 2025, SMARTGEN is an important step forward in fostering inclusivity, professional development, and innovation within the public relations (PR) and communications industry. “As...