MDXi-MainOne launches new data center in Ghana

GHANA – MDXi, a MainOne company, has launched a new data centre in Appolonia City, Ghana, as continues to consolidate its position as the leader in data centers in West Africa. In an environment where infrastructure is still lacking, the company has used its affiliation with the MainOne group, its presence in several countries and its access to all the major operators in the region to provide the best-connected content hubs in Africa from the west today. Since entering the market in 2010 with the deployment of its 7,000 kilometer…

Read More

Mastercard to expand its Priceless platform in Egyptian market

EGYPT – Mastercard, a financial services corporation, has announced the expansion of its globally-renowned Priceless platform in the Egyptian market to bring people in Egypt closer to their passions. Priceless is a platform that connects people across the world with their passions, including sports and music, and offers consumers a wide range of unique and exclusive experiences, some tied to Mastercard’s celebrated roster of event sponsorships and ambassadors. As part of the rollout, Amir Eid, lead singer of Cairokee, and Mayar Sherif, the highest ranked Egyptian woman in tennis history,…

Read More

AFDB to provide US$500 to support African women in agriculture

AFRICA – The African Development Bank (AfDB) has announced this expected to have provided close to US$500 out of which US$150 million by the end of 2021 that would be channelled to women in agriculture in Africa. It said in a statement that the fund would help women in agriculture partner public and private sector to develop alternative financial models to increase the ability of women farmers to access the financing and skills they need to grow sustainably. “Indeed, in sub-Saharan Africa, the financing gap for African women in agricultural…

Read More

The University of Ghana launches innovation and entrepreneurship programme

GHANA – The University of Ghana’s Innovation and Entrepreneurship Programme (UGIEP) has been commissioned by the Vice President of Ghana, Dr Mahamudu Bawumia, to help students and young entrepreneurs add value to their products and services. The UG Startup Challenge, the UG Incubator, the UG Venture Accelerator, the UG Venture Fund, and the UG Alumni Angel Investor Network are the five pillars that will help the programme achieve its goal. The UGIEP is a non-academic initiative run by the Vice-Office Chancellor’s that aims to promote a culture of entrepreneurship and…

Read More

Japan to increase its JICA grant to Egypt for the development of Abu al-Rish Japanese Hospital

EGYPT – Egypt and Japan signed an agreement to increase the value of the Japan International Cooperation Agency (JICA) grant to become US$19 million. The agreement aims to construct the new outpatient clinic of the Abu al-Rish Japanese Hospital, which comes within the framework of the distinguished Egyptian-Japanese relations that promote the development of the health sector.  The signing ceremony was attended by Minister of International Cooperation Rania al-Mashat, and Dr. Khaled Abdel Ghaffar, Minister of Higher Education and Scientific Research, who signed the agreement. Ambassador Noki Masaki, the Ambassador…

Read More

WEMA Bank renews business agreement with digital commerce Network International

NIGERIA – WEMA Bank, a financial institution, has renewed and expanded its long-term business agreement with Network International, the enabler of digital commerce across Africa and the Middle East. Building on their long-term relationship, Network International will be helping WEMA Bank increase its card-issuing capacity as well as support its ATM processing capabilities in Africa. The agreement underlines the two companies’ shared commitment to further the adoption of digital payments and support emerging markets’ transition to a cashless economy. “Network International has been a partner of Wema Bank for some…

Read More

Infrastructure investment firm TransCentury in US$48m cash call from shareholders

KENYA – Infrastructure investment firm TransCentury Plc, is looking at its shareholders to inject an additional US$40.74 million of new capital through a cash call in less than two months and an additional US$7.8 million through the sale of non-core assets to avert a potential liquidity crisis that could adversely impact its operations as a “going concern,” reports The East African. The Nairobi Securities Exchange (NSE)-listed loss-making firm with operations across East, Central and Southern Africa, revealed through its delayed annual report for 2019 that it has embarked on a…

Read More

Ukheshe Technologies partners with ForexPeople to boost cross-border digital payments

SOUTH AFRICA – Ukheshe Technologies, a fintech enabler, has affirmed the foundation of another joint endeavour with ForexPeople, one of South Africa’s most confided in names in forex with more than 20 years of involvement, to consistently work with cross-boundary instalments from South Africa into the rest of Africa. The service will stretch out from South Africa to over 40 nations across Africa, including Africa’s biggest economies. The joint venture arrives when the interest for online money transfers is at its most elevated because of the COVID-19 pandemic, and buyers…

Read More

Mr Price gets green light to acquire online retailer Yuppiechef

SOUTH AFRICA – Fashion retailer Mr Price, has received Competition Commission’s green light to acquire full ownership of Yuppiechef, a local online home and kitchen retailer. The ownership was granted without conditions as the acquisition is not seen as a potential disruption to other retailers, according to the commission in a statement released on 5th august 2021. “We are very excited about welcoming the Yuppiechef team into our family,” says Mark Blair, Mr Price’s chief executive officer. He further shared that the online retailer has bagged numerous awards in both…

Read More

Fintech Callpay acquired at US$6.8m valuation

SOUTH AFRICA – Fintech Callpay has been acquired by a global fintech provider in an undisclosed transactional investment aimed at accelerating the company’s growth. The disposal of the company’s shares was based on a valuation of just under US$7million (R100 million). Callpay’s team pointed out how their journey intended to make online transacting safe, cost-effective, secure, and efficient across multiple channels.  Since its launch, Thomas van der Spuy, the company Head of Partnerships told bizcommunity that Callpay has processed US$1.4 billion and onboarded over 9,000 merchants. Callpay lists itself as the first…

Read More