Financial

Junior Achievement Africa and Ecobank Group Targets Over 600,000 African Youths with Financial Literacy Knowledge

Junior Achievement (JA) Africa and Ecobank Group in a new partnership agreement plans to educate and mobilize over 600,000+ young people with financial literacy knowledge, as part of Ecobank’s Junior Savers initiative which in part seeks to grow financial inclusion for young Africans using Ecobank’s mobile/digital resources. The initiative, “Banking on Africa’s Youth” will undertake […]

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Financial

Mobile Telephone Operators to Lose Over $25m Roaming Revenue as COVID-19 Pandemic Lock-Down Continues

the impact of Coronavirus on the international travel industry could cost operators over $25 billion in lost revenue during the next 9 months. Juniper Research in its latetest report, examined two possible scenarios: a medium and high impact, believing a low impact is now not possible. The high impact scenario assumes a severe disruption to […]

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Financial

2019 Financial Report:MTN Nigeria, Ghana Spur Group Performance to High Profitability

MTN Group’s full-year results for the year ended 31 December 2019 show its African operations are anchoring the telco’s bumper profit.The group’s stellar results were supported by double-digit growth in service revenue by both MTN Nigeria and MTN Ghana. The Pan-African carrier’s service revenue went up 9.8% in constant-currency terms, led by 22.9% growth in […]

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Financial
  • September 30, 2019

Anambra Community Goes Online, Launches N100m Civic Centre

The Lagos branch of Awba-Ofemili Development Union (ADU) of Anambra State, South East Nigeria has launched a N100m fund for a multi-purpose civic centre, revealing it obtained ADULagos.org.ng to bolster information and communicate base of the town. The Chairman of ADU Lagos, Mr. Remmy Chuks Nweke, disclosed this in his address to the branch’s maiden […]

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Social Media

WhatsApp Mobile Payment Coming Soon, Ready for Launch in Indonesia

Facebook Inc’s messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services, in a bid to tap the nation’s fast growing e-commerce sector, people familiar with the matter said. Indonesia could become the second country worldwide where WhatsApp introduces such services, as it awaits regulatory approval from […]

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Financial

SEC to Boost Financial Inclusion through Investment in Fintech

The acting Director-General, Security and Exchange Commission, Mary Uduk, has said that the commission is committed to boosting financial inclusion in the sector, by investing in technology that will make it easier for people to invest in the sector. She said this during the 19th annual conference of the Risk Managers Association of Nigeria with […]

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Financial

Trove, Nigeria’s Micro-Investing Startup Seeks Funding

Nigerian micro-investing startup Trove has raised an undisclosed amount of funding from Ventures Platform as it looks to get more people investing in financial securities. Trove, whose simple micro-investing app is now in private beta here, allows users to invest in financial securities such as stocks and government bonds in Nigeria and in international markets […]

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Financial

Jumia Files for IPO on NYSE, MTN now Major Shareholder

E-commerce firm Jumia has filed for an Initial Public Offering on the New York Stock Exchange (NYSE), which will make it the first African technology company to list on the exchange. The timeline of the listing and share price of the IPO has, however, not been stated in the SEC filing application. In its SEC […]

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Technology

Artificial Intelligence Systems Spending to Hit $35.8b in 2019

Global spending on artificial intelligence (AI) systems is forecast to reach $35.8 billion in 2019, an increase of 44.0% over the amount spent in 2018. With industries investing aggressively in projects that utilize AI software capabilities, the International Data Corporation (IDC) global Semiannual Artificial Intelligence Systems Spending Guide expects spending on AI systems will more […]

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Financial

MTN to Raise $1b from Asset Sales as FY Profit Surges

MTN Group plans to raise more than 15 billion rand ($1.05 billion) in asset sales over the next three years, Africa’s biggest telecoms group said on Thursday after reporting a massive jump in 2018 profit. MTN is in the middle of reviewing its presence in some markets alongside investments in e-commerce platforms as part of […]

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