Fintech, Troygold, allows gold owners to upload and digitize their physical gold and then use it for transactions and finances. Customers receive an ownership certificate and can then save, spend and borrow against their gold bullion via a mobile app and Mastercard debit card. The gold storage and insurance are free of charge. Troygold was co-founded … Read More “Fintech digitises SA’s R300 billion in Krugerrands” »
With six of the seven African unicorns in the financial technology (FinTech) sector, Africa’s FinTech sector is booming; industry experts expect the $15 billion 2021 valuation of the sector to double by 2025. Driving this surge in demand are factors like the youthful population, the growing internet population and access to mobile telephony. Besides changing … Read More “The role of education in bridging the skills gap in Africa’s fintech” »
June 15, 2023 ©BW Adolo (File photo: BW Energy) /AdobeStock Oil and gas company BW Energy said Thursday that production had started from second well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. “Production performance from the well has been in line with expectations and … Read More “New Well Adds 6,000 Barrels Per Day at Offshore Field in Gabon” »
Foluso Ogunwale, founder and CEO of iFitness Foluso Ogunwale navigated through initial market scepticism and financing challenges to establish iFitness, a gym chain with 20 branches across Nigeria, addressing a gap in the market for affordable and conveniently located fitness centres. In 2015, when Foluso Ogunwale first launched iFitness, a chain of gyms in Nigeria, … Read More “Businessman seizes opportunity in fitness industry” »
The White House dismissed the tax cut proposal offered by House Republicans as disproportionately benefiting corporations and the wealthy and likely to add billions to the deficit. President Joe Biden’s top economic adviser, Lael Brainard, wrote to allies on Capitol Hill Monday about the plan, signaling the White House is unwilling to entertain the GOP … Read More “White House dismisses GOP tax cut plan as handout to wealthy” »
Robin van Puyenbroeck Africa is gearing up for a new era of trade and investment, with a focus on collaboration, creativity, and the digital economy. Representatives from three World Trade Center® (WTC®) locations including WTC Cairo, WTC Addis Ababa, and WTC Abuja, highlight the trade prospects and challenges facing Egypt, Ethiopia, and Nigeria in 2023. Egypt: Focusing on … Read More “African Trade And Investment” »
During his inaugural speech, the new Nigerian president, Bola Tinubu, announced the removal of the controversial fuel subsidy. With the announcement, the cost of premium motor spirits (petrol) spiked with some filing stations selling as much as N700 per litre. The attendant impact was immediately evident in the transportation sector, which heavily relies on fuel … Read More “Addressing fuel price concerns through EV adoption in Nigeria” »
By BOB KARASHANI Chinese firm CRJE (East Africa) Ltd has been awarded the contract to build headquarters for the African Court on Human and People’s Rights in Arusha, further establishing China’s position as the main backer of recent moves by continental organisations to secure their own premises. Total cost estimates have been put at Tsh61 … Read More “Chinese firm wins tender to build head office for African court” »
A Professor of Plant Breeding and Biotechnology at the Ebonyi State University, Abakaliki, Ebonyi State, Prof. Benjamin Ewa Ubi, has called for the adoption of crop biotechnology as response to Nigeria’s current food crisis. Ubi, who made the call recently while presenting his inaugural lecture titled ‘Crop Production Biotechnology and the Future of the Nigerian Food … Read More “Don canvasses adoption of crop biotechnology to address Nigeria’s food crisis | The Guardian Nigeria News” »
Burton & Bamber produces a variety of dried fruit products under the Sweetunda brand. Burton & Bamber is a Kenyan food business with a focus on dried fruit products. Jaco Maritz spoke with co-founder, Jonathan Bamber, about the company’s journey into supermarket distribution; why it is focused on building a local brand as opposed to … Read More “The journey of establishing a dried fruit business in Kenya” »
