Central African energy industry wary of bloc’s punitive foreign exchange protocols
Financial flow regulations adopted by the Central Bank of Central African States (BEAC) are likely to slow down business in the economic bloc, oil companies operating in the bank’s jurisdiction warn. Fears of imminent economic and business setbacks were expressed at a May 17 meeting between BEAC and African Energy...
Hamburg German-African energy forum to power Africa’s economic growth
The African energy sector is in the process of solidifying its partnership with German investors and technology to provide a bridge between businesses in Europe and Africa. From upstream to downstream, Africa’s energy sector is speeding up transition to net-zero and continues to adopt new technologies to realise the goal....
Mauritanian Bank launches Masrvi – digital bank powered by TagPay
The Mauritanian Bank for International Trade (BMCI) has partnered with TagPay to roll out its digital bank Masrvi to provide digital, value-added financial services to its customers. Powered by TagPay, Masrvi was launched at the end of April and responds to Mauritanians’ banking needs by providing secure and accessible banking...
Why has Kenya president obscured details of $3.8 billion railway contract with China?
As you are aware, in May 2014, the government of Kenya signed a $3.8 billion contract with China Roads and Bridges Corporation (CRBC) for the construction of the standard gauge railway from Mombasa to Nairobi and on to Naivasha. According to news reports, 85 per cent of the construction cost...
Public development banks call for new funding for Africa’s post-Covid recovery
A global coalition of public development banks has today (Wednesday) called for urgent mobilisation of resources for Africa’s post-Covid 19 recovery. The banks also committed to deepening cooperation to boost investment opportunities across the continent. Participants in a meeting hosted by the African Development Bank, discussed joint actions that could...
South Africa’s largest fund administrator goes live with Temenos
Banking software company Temenos has today (Tuesday May 11) announced that South Africa’s largest third-party administrator, Curo Fund Services, has gone live with Temenos Multifonds Global Accounting platform, completing the first phase migration of funds from its five legacy systems to a single instance of Temenos’ award-winning funds administration platform....
Trump-shaped hot potato that’s turning Facebook into a failed digital ‘country’
In 2020, Facebook appointed what it refers to as its “Supreme Court” – a quasi-independent council called the Facebook Oversight Board – to review controversial content moderation decisions. This week, the Oversight Board handed down its most important judgment to date: support for the company’s move to ban former US...
Invest Africa, DLA strike best practice in African renewable energy projects deal
Global law firm DLA Piper is partnering with Invest Africa, the leading trade and investment platform for African markets to support the development of Environmental, Social and Governance (ESG) best practice in African renewable energy projects. Clear ESG targets and measurements have become an increasingly important part of fundraising as...
Equatorial Guinea hires a US firm to do a documentary on its oil energy potential
Energy Capital & Power (ECP) has announced a partnership with Equatorial Guinea’s Ministry of Mines and Hydrocarbons for the premier US-Africa Energy Forum 2021. ECP in partnership with Equatorial Guinea’s MMH officially commenced work in-country on the Africa Energy Series: Equatorial Guinea 2021 special investor report and documentary film on...
Cybersecurity: No time for Africa to bury head in sand or pay for skilled foreigners
The cybersecurity skills shortage is worsening in Africa. This is the definitive view of the ESG report ‘The Life and Times of Cybersecurity Professionals 2020′ and that of multiple other surveys, reports and industry analyses. Organisations are facing an unprecedented threat. Cyber-attacks, fraud, phishing, breaches, hacks have increased in sophistication,...
