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    Africa

    Top 5 richest cities in Africa based on number of millionaires who live there

    November 11, 2023November 11, 2023 0 Shares
    Investment migration consultancy Henley & Partners has published its annual ranking of African cities with the most wealthy residents in its Africa Wealth Report, in collaboration with New World Wealth....

    Strong growth for Airtel Africa despite headwinds in Nigeria

    November 7, 2023November 7, 2023 0 Shares
    Airtel Africa registered strong growth, margin expansion and cash generation, despite foreign exchange headwinds in Nigeria, the company results for the financial half year which ended on September 30, show....

    Report: Tourism sector to add $168 bn to African economies in 10 years

    November 7, 2023November 7, 2023 0 Shares
    The travel and tourism sector in Africa could add $168 billion to the continental economy and create 18 million jobs by 2033, a new report has revealed. The report was...

    British International Investment, AFEX sign deal to tackle food security in Nigeria, Kenya and Uganda

    November 3, 2023November 3, 2023 0 Shares
    British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced a $26.5 million commitment to AFEX, Africa’s leading commodities platform. AFEX currently operates over 200...

    Uganda Drops Nine Places to 107th in the 2023 Digital Quality of Life Index.

    September 30, 2023September 30, 2023 0 Shares
    Uganda fell nine places to 107th (14th in Africa) in the 2023 Digital Quality of Life Index from 98th in 2022. The Digital Quality of Life (DQL) Index is a...

    Kenya Had 36 Private Equity Exits in the Last 10 Years, to Uganda’s 8.

    by Jonathan Ntege LubwamaAfricaEast AfricaIndustry & AnalysisNews & AnalysisSeptember 28, 2023September 28, 2023

    The Ugandan business ecosystem was awash with excitement when Tony Natif’s Guardian Health Pharmacy was acquired by Kenya’s MyDawa for an undisclosed amount. However, one of the biggest winners in…

    Uganda Received USD 1.3bn in Remittances from its Diaspora in 2022 According to the World Bank.

    by Jonathan Ntege LubwamaAfricaEast AfricaFinanceFintechsGlobal NewsIndustry & AnalysisNews & AnalysisStartupsSeptember 28, 2023September 28, 2023

    In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and…

    43% of African Banks Identify Fintechs, Neobanks and Telecoms as Top Threats to Their Business.

    by Jonathan Ntege LubwamaAfricaFintechsICTIndustry & AnalysisNews & AnalysisStartupsThe Big StoryMay 23, 2023May 23, 2023

    43% of banks cited the rise of fintechs and challenger banks as the biggest threats to their business according to the third edition of the African Digital Banking Transformation Report…

    From Vision to Reality: Steven Kakooza’s Journey to Creating Kawu – Uganda’s Revolutionary Pocket Money App.

    by Jonathan Ntege LubwamaAfricaCompany NewsFinanceFintechsICTProfilesStartupsMay 15, 2023May 15, 2023

    In the last week of this year’s first term, I downloaded an app called Kawu. Using the app, I was able to send pocket money to a distant relative in…

    Explainer: Tech Startups are Built to Grow Fast. So Why Are the Likes of Safeboda and Copia Global Retreating from Markets?

    by Jonathan Ntege LubwamaAfricaCompany NewsFintechsICTIndustry & AnalysisNews & AnalysisStartupsThe Big StoryMay 5, 2023September 18, 2023

    Paul Graham, the founder of the highly influential Y Combinator accelerator program penned arguably his most famous essay in September 2012. In this essay, titled Startups = Growth, Paul Graham…

    Phishing and Scams Hit the Roof in Kenya and Nigeria With a 438% and 174% Increase in the Number of Detections in Each Country Respectively in Q2 2022

    by CEO ReporterAfricaNews & AnalysisAugust 3, 2022August 3, 2022

    Kaspersky analysis has revealed that attacks related to data loss threats (phishing and scams/social engineering) increased significantly in Africa in Q2 2022 in comparison with the previous quarter. The company’s…

    CONTINENTAL LEADERSHIP: Uganda’s Daniel Musana elected Vice President of African Union of Architects

    by Alphred Rhyman AgabaAfricaNews & AnalysisJuly 19, 2022July 19, 2022

    The Uganda Society of Architects has expressed joy towards their fellow professional Daniel Musana who has been elected Deputy President of African Union of Architects. This election will see him…

    Mastercard, Ecobank Group partner to digitize agricultural value chains in Africa

    by Nelson NambooleAfricaNews & AnalysisJune 16, 2022June 16, 2022

    Mastercard and Ecobank Group have partnered to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard’s Farm Pass – a digital platform that makes it safer and easier for…

    African youths see bleak future due to COVID-19, climate change, instability and unemployment

    by CEO ReporterAfricaNews & AnalysisJune 15, 2022June 15, 2022

    Africa’s youth are less optimistic about the future of their countries than they were two years ago – and they are even more pessimistic if they live in Rwanda, Kenya…

    Cyril Ramaphosa appoints PR Guru Vincent Magwenya new spokesperson

    by CEO ReporterAfricaNews & AnalysisMay 31, 2022May 31, 2022

    South African President Cyril Ramaphosa has appointed Vincent Magwenya as his spokesperson with effect from 1 June 2022. Magwenya is a seasoned communicator with extensive experience in government communication, public…

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