Africa Business Nigeria West Africa World 

Nigeria launches eNaira, Africa’s first digital currency

– Advertisement – Nigeria has launched Africa’s first digital currency called the eNaira. This will be the country’s new digital version of its currency. The country’s President Muhammadu Buhari said on Monday that Nigeria has “become the first country in Africa and one of the first in the world to have introduced a digital currency for our citizens.” Nigeria’s government said the new digital currency should improve cross-border trade and enable financial inclusion for those in the informal economy as well as increase remittances from abroad. The eNaira was to…

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Africa Business East Africa World 

Kenya to Host ‘25th Africa Energy Forum’ in June 2023

– – Under the theme ‘Africa for Africa’ EnergyNet confirms Nairobi, Kenya to host the 25th Africa Energy Forum. The much anticipated announcement was agreed at the height of the pandemic lock-down with African Development Bank VP Kevin Kariuki, who Chairs the 2021 Forum as it arrives in London, UK next Month. EnergyNet’s Simon Gosling said; “Lockdown impacted people across the continent significantly and it was the response of organisations like the AfDB, CDC Group, ABSA and more who put forward human-led capital solutions that inspired me to discuss the…

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Africa Business South Africa Southern Africa World 

Municipal Payments Essential for South Africa’s Future Cities

– – The urban population in Africa has swelled from 15% of the total population in 1960, to over 40% in 2010 and is set to exceed 60% by 2050. It is anticipated that South Africa will follow suit. In fact, current projections indicate that an additional 19 to 24 million people will be added to the national population over the next three decades, and that the vast majority of this growth will be confined to cities and towns. But what is needed by the country’s municipalities to cope with…

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Africa Business World 

Why Facebook, WhatsApp and Instagram had an outage

– – Facebook has explained why it experienced almost six hours of outage across the world on Monday. The social media giant blamed it on a “faulty configuration change”. The outage prevented the company’s 3.5 billion users from accessing Facebook and other messaging services such as WhatsApp, Instagram and Messenger. In a blog post Facebook failed to mention which employee carried out the configuration change and what led to that. “Our engineering teams have learned that configuration changes on the backbone routers that coordinate network traffic between our data centers…

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Africa Business China World 

China’s trade with Africa grows to record highs

– – According to China’s Ministry of Commerce, trade between China and Africa increased by 40.5 percent year-on-year in the first seven months of 2021, and was valued at a record high of USD 139.1 billion. The Ministry noted that African products were increasingly being recognised in the Chinese market, and that imports from Africa into China increased by 46.3% between January and July 2021. Further, the import of agricultural products, such as rubber, cotton and coffee from Africa into China doubled when compared to the first seven months of…

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Africa Business World 

The world has the resources to end hunger

– – “The world has the resources to end hunger,” African Development Bank President Dr. Akinwumi A. Adesina said in a message on the first day of the United Nations Food Systems Summit. Convened by UN Secretary General António Guterres, the event is billed by its organisers as “a historic opportunity to empower all people to leverage the power of food systems to drive our recovery from the COVID-19 pandemic and get us back on track to achieve all 17 Sustainable Development Goals (SDGs) by 2030.” The summit brings together thousands…

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Africa Business World 

Sustainable Investment Opportunity for Future-fit African Startups

– – While 2020 was a record year for investment into the African tech startup ecosystem, with more startups raising more money from more investors than ever before[i]– critics and commentators alike have often claimed that Silicon Valley-style investment frameworks are ill-suited to the continent’s diversity and nuanced need for funding. With investment into African startups considered key to the continent’s ability to leapfrog its socioeconomic development, Africa demands a new investment framework. This was the focus of a recent webinar hosted by Global Innovation Initiative Group (GIIG), the Global Startup Awards…

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Africa Business World 

ICRISAT awarded 2021 Africa Food Prize

– – The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has been awarded the 2021 Africa Food Prize, for work that has improved food security across 13 countries in sub-Saharan Africa. ICRISAT, a CGIAR Research Center, is a non-profit, non-political public international research organization that conducts agricultural research for development in Asia and sub-Saharan Africa with a wide array of partners throughout the world. Between 2007 and 2019, ICRISAT led a collaboration of partners to deliver the Tropical Legumes Project. The project, undertaken together with the International Center…

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Africa Business World 

Insights on how to buy Bitcoin near me

– – Even if you are an experienced crypto investor, there might be some things you have yet to catch up with because the industry is evolving fast. Likewise, there is a lot to learn for newbies in crypto. Those who are interested to learn “how to buy Bitcoin near me” should know that the processes involved in using popular options such as exchanges, BTC ATMs, or any other option differ. This article will give you all the insights you need to buy Bitcoin nearby. How to Buy Bitcoin Near…

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Africa Business South Africa Southern Africa World 

Protection of Personal Information Act: How will it impact SA’s payments landscape?

– – The Protection of Personal Information Act, 2013 (POPIA) came into full effect from 1 July 2021. The Act is the comprehensive data protection legislation that obliges organisations to lawfully process the personal information of data subjects (both natural and juristic persons) by applying specific principles and conditions. But how will it affect the payments space specifically? “As businesses in the payments industry process copious amounts of personal information, they now have to change many elements of the way they operate in order to accommodate the Act,” says Cecil…

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