Inspiring Sustainable Business in Africa
TANZANIA – The UK Minister for Africa, Latin America and the Caribbean, Vicky Ford, has launched a £89 million (US$117.17m) major new education initiative that will improve the quality and access to education for over 4 million children in Tanzania. The education programme Shule Bora (meaning ‘quality education’) will improve learning outcomes for all children. Special emphasis will be given…
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ZIMBABWE – Sasai Remit, a money transfer provider and a business of Cassava Technologies, has announced a partnership with Qoki Zindlovukazi, a United Kingdom-based women’s networking and empowerment organisation. The partnership has enabled both organisations to empower thousands of Zimbabweans to use a safe and secure fintech platform to seamlessly transfer funds to family and friends in South Africa and…
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AFRICA – UK has launched a programme of up to US$39.04 million to support negotiations and implementation of the African Continental Free Trade Area (AfCFTA). The AfCTFA is expected to lift 30 million people out of extreme poverty, create jobs, and provide new commercial opportunities for businesses across Africa and the UK. It comes as Wamkele Mene, Secretary-General of the…
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NIGERIA – The United Kingdom has injected an additional US$11.35 million (about N6 billion) into the funding of off-grid low-carbon energy projects aimed at reducing carbon emissions. The UK’s Minister for Africa, Vicky Ford, announced the donation at a formal ceremony in Abuja. The donation will help to scale up solar-mini-grid and home systems, clean cooking infrastructure, and cold storage…
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WORLD – American multinational pharmaceutical corporation Pfizer Inc has said its experimental vaccine was more than 90 percent effective in preventing COVID-19 based on initial data from a large study, a major victory in the fight against a pandemic that has killed over 1 million people, roiled the world’s economy and upended daily life. Pfizer and German partner BioNTech SE…
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KENYA – Kenya’s Ministry of Trade and Industrialization has announced the conclusion of the Kenya – UK tariff-free market access agreement, now set for signing and ratification by the end of the year. Trade Cabinet Secretary Beth Maina said the partnership will see a great economic boost for the two countries, and Kenya is set to reap big in its…
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UNITED KINGDOM – Royal Dutch Shell PLC, a global group of energy and petrochemical company has announced a major restructuring to combat plunging oil prices driven by the coronavirus pandemic warning that it will also spark more asset write-downs in the third quarter. Royal Dutch Shell said in a statement that it would axe between 7,000 and 9,000 positions by…
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DEMOCRATIC REPUBLIC OF CONGO – Crown Agents Bank Ltd has signed a collaboration agreement with VodaCash SA in the innovating project of enabling international mobile payments in the Democratic Republic of Congo (DRC) through M-Pesa brand The partnership is set to allow VodaCash, through Crown Agents Bank to assist international development organizations to further the transitioning of their payments to recipients…
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AFRICA – United Kingdom based money transfer provider Paysend is continuing to expand its digital coverage across Africa. This is in the wake of a 2019 report by the World Bank setting out plans to digitalise the entirety of Africa by 2030. Paysend will allow its two million users to send money to countries such as Benin,Madagascar, Malawi, Mozambique, Niger, Uganda and Zambia,…
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SOUTH AFRICA – Roundr, a prop-tech startup, has raised further funding from the UK-based investment firm i7V to see it through its current beta phase and help it move to market by the end of the year. Having self-funded itself initially as it built a basic minimum viable product (MVP) and obtained some traction, Roundr was picked up by the…
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