Nigerian fintechs are booming, despite government crackdowns
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Nigerian fintechs are booming, despite government crackdowns

ByBrian Kithinji

(This is a transcript of the podcast posted on Monday, August 23th, 2021. You can listen to the podcast by clicking on this link https://open.spotify.com/episode/65EOEkIMxmHoqG8veXjMHe?si=ma3YD4a5RWeUomTFiP9ycw&dl_branch=1&nd=1) DUMI JERE: Greetings ladies and gentlemen. Welcome to this week’s episode of The Weekly Beat. My name is Dumi Jere, and I’m coming to you from South Africa. And with…

Teraco concludes $170 million funding for data center in South Africa
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Teraco concludes $170 million funding for data center in South Africa

ByBrian Kithinji

Teraco Data Environments, Africa’s largest data center company, has raised $170 million to fund construction of a new facility in South Africa. The financing arrangement was led by Johannesburg-based lender Absa Group, and will help Teraco construct a seventh site in Africa’s most developed nation, according to Chief Financial Officer Samuel Erwin. This follows the…

NASA to launch 4G mobile network on the moon
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NASA to launch 4G mobile network on the moon

ByBrian Kithinji

As the world hurtles towards 5G mobile network, NASA has selected Finish tech company Nokia to construct the first-ever 4G mobile network on the moon. Nokia’s U.S. industrial research arm, Bell Labs, is offering up its infrastructure to NASA to assist build out the lunar network. An announcement from Nokia claims that the network will…

The growth of E-commerce in Africa during the time of Coronavirus.
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The growth of E-commerce in Africa during the time of Coronavirus.

ByEditorial

Covid-19 has battered the world economy. Many industries are reeling, but one shining light is E-commerce. We spoke with Nielsen Africa MD Bryan Sun to find out if companies on the continent are capitalising.

Ethiopia restricts Entry of Foreign Firms in the financial sector
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Ethiopia restricts Entry of Foreign Firms in the financial sector

ByEditorial

Ethiopia has issued a new directive that allows diaspora and local enterprises engage in provision of mobile money services. The directive has however prohibited the entry of foreign companies in the sector- a roadblock for companies like M-PESA that have been planning to enter into the Ethiopian market this year.  According to the directive, the…

COVID-19 Likely to Delay Filling of Ethiopia’s Biggest Dam on Nile
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COVID-19 Likely to Delay Filling of Ethiopia’s Biggest Dam on Nile

ByEditorial

Coronavirus is likely to delay the water filling of Ethiopia’s biggest dam on the River Nile by one year, a top government official working at the country’s Ministry of Water, Irrigation and Electricity revealed. Contractors involved in metal construction works at the dam are not getting inputs needed to make the dam ready for water…

Equatorial Guinea Grants Relief to Oil & Gas Services Companies
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Equatorial Guinea Grants Relief to Oil & Gas Services Companies

ByEditorial

The country takes action to support its services industry and engages on an industry-wide dialogue to study other measures for upstream operators and ongoing midstream projects MALABO, Equatorial Guinea, March 23, 2020/ — The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea decided on the waiving of its fees for services…

Telecoms Report: Safaricom vulnerable in strength
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Telecoms Report: Safaricom vulnerable in strength

ByEditorial

Changes in Safaricom’s ownership seem to have freed the company up for more rapid expansion into other markets. In May, UK telecoms giant Vodafone transferred a 35% stake in Safaricom to its South African offshoot Vodacom, in return for more equity in Vodacom valued at KSh260bn ($2.48bn). This left it with just a 5% stake in the Kenyan company,…

Abrhame Endrias: Ethiopia’s young agripreneur who offers “One Stop Farming” solutions to streamline agriculture
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Abrhame Endrias: Ethiopia’s young agripreneur who offers “One Stop Farming” solutions to streamline agriculture

ByEditorial

April 9, 2018 By Abiy Wondifrawa It doesn’t take you long to get an impression that Mr. Abrhame Endrias lives a fast-paced life. As we were walking to Kenenisa Hotel for our interview, he was already trying to address the topics we would be discussing, ranging from the African Continental Free Trade Area (AfCFTA) deal…

Rulindo residents hail Smart village initiative
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Rulindo residents hail Smart village initiative

ByEditorial

July 5, 2018 Residents of Rulindo district, Northern Rwanda are upbeat about a smart village that was established in the area last year, offering digital literacy and government services. The Tumba Smart Village was initiated by Solektra and the Ministry of ICT to promote digital literacy, financial inclusion and access to government services among many…

Vodacom rides East — ups stake in Vodacom Tanzania
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Vodacom rides East — ups stake in Vodacom Tanzania

ByEditorial

January 15, 2019 Vodacom Tanzania has approved the sale of a 26 percent stake previously owned by Mirambo Holdings Ltd to JSE listed Vodacom Group. Mirambo Holdings, which is an is the investment arm of Tanzanian tycoon Rostam Aziz owns 588 million shares in Vodacom Tanzania and the proposed deal is subject to approval of…