Further Africa

A positive African narrative
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Africa’s emerging Crypto Economy
On the 1st of March, South Africa based cryptocurrency exchange, VALR announced their $50M series B raise at a $240M valuation led by Pantera Capital. On that same day, Africa’s leading mobile operator MTN announced their purchase of 144 plots of virtual land in Africarare - the first African virtual reality metaverse featuring digital land. MTN is therefore the first African company in the metaverse. #africa #AfricaKINGS #Africa’semergingCryptoEconomy #BankofGhana #CBDC #CBN
Senegal is aiming to boost the availability of biofuels for SMEs active in sub-Saharan Africa’s agro-industry sector, following the launch of its BioStar project earlier this year. The goal of the project is to expand energy access in rural areas by generating energy from residual biomass produced by agribusiness companies. The project involves financing in excess of $12.7 million (7.2 #Agroindustry #Biofuels #biomassenergy #Energy #GuineaConakry #GuineaBissau #ISRA #Mauritania #MSGBC Guinea Conakry, Energy Shift, Types Of Renewable Energy, Biomass Energy, Renewable Energy Projects, West African Countries, Join The Club, The Gambia, Wind Farm
Senegal looks to expand utilization of biomass energy
Senegal is aiming to boost the availability of biofuels for SMEs active in sub-Saharan Africa’s agro-industry sector, following the launch of its BioStar project earlier this year. The goal of the project is to expand energy access in rural areas by generating energy from residual biomass produced by agribusiness companies. The project involves financing in excess of $12.7 million (7.2 #Agroindustry #Biofuels #biomassenergy #Energy #GuineaConakry #GuineaBissau #ISRA #Mauritania #MSGBC
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Zimbabwe confirms plans to adopt Digital Currency - but not Bitcoin - as legal tender
El Salvador’s adoption of Bitcoin as a legal tender has spurred many debates and discussions on the potential financial ramifications. But it seems like Zimbabwe is not planning to follow in the footsteps of the central American country any time soon., despite the recent reports claiming otherwise. CBDCs Yes, But No Bitcoin While denying the previous report, the government has stated that the Zimbabwe dollar (ZW$) #Bitcoin #Blockchain #Crypto #Cryptocurrency #Economy #Feature #Finance
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Mozambican President appoints three new Ministers
The President of the Republic, Filipe Jacinto Nyusi, in the use of the powers conferred on him by subparagraph a) of paragraph 2 of article 160 of the Constitution of the Mozambican Republic, combined with subparagraph d) of article 34 of the Law number 18/2019 of 24 September, has relieved Cristóvão Artur Chume of the position of Commander of the Army Branch In a separate Presidential Order, the Mozambican Head of #ArséniaFelicidadeFélixMassingue #CristóvãoArturChume
a stack of silver coins sitting on top of each other next to some money bills
Rand gains as investors display cautious optimism over South Africa's latest budget
South Africa’s rand strengthened after the Treasury vowed to return state finances to a sustainable path and hold off expanding welfare measures in one of the world’s most unequal societies. Investing professionals cautiously welcomed the first budget presided over by Finance Minister Enoch Godongwana, though many noted that nothing significant has changed. #Currency #Economy #Finance #Rand #RandgainsasinvestorsdisplaycautiousoptimismoverSouthAfricaslatestbudget #SouthAfrica
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National Bank of Angola to create a new cash centre at the Luanda-Bengo Special Economic Zone
As part of the modernization of cash management, the National Bank of Angola stated earlier this year that it would invest 32.7 billion kwanzas (US$57.3 million) to create a New BNA cash Centre in Angola in the Luanda Bengo Special Economic Zone (ZEE). Following the announcement of a public procurement with a restricted call for tenders via the previous qualifying in February of this year, the contract was awarded #Angola #BancoNacionaldeAngola #BNA #LuandaBengoSpecialEconomicZone
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Mozambique meets all international requirements to begin diamond export
The Mozambican Government assured yesterday that it has fulfilled all the requirements internationally required for the export of diamonds, showing confidence in the country's admission to the group of States that sell and export this type of gemstone. "What Mozambique has done was to take the 2016 report where all the recommendations and compliances came from, and Mozambique fully complied with all such #diamond #diamondexport #ErnestoMaxTonela #Feature #KimberleyProcess
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Monetizing Natural Gas in Africa
Africa’s natural gas resources have the potential to accelerate socio-economic growth and eradicate energy poverty. Accordingly, many nations are seeking enhanced investment in order to maximize and monetize resources. As the continent’s premier energy event, African Energy Week (AEW) 2021, aims to build on this momentum, promoting innovative strategies to monetization, addressing challenges hindering development, #africa #AfricanEnergyWeek #EnergyMix #energysecurity #energytransition
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Mozambique's Coral South FLNG and Sonangol distinguished at African Energy Week awards
Angola's state oil company Sonangol and the Italian ENI's gas exploration project in Mozambique were two of the winners of the awards given at the African Energy Week, taking place in Cape Town. "National oil companies (NOC) have and continue to play a fundamental role in reducing energy poverty while ensuring pro-business investment environments, energy security, and leadership within the hydrocarbons sector, #AfricanEnergyChamber #AfricanEnergyWeek #AfricanEnergyWeek2021 #Angola
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World Bank to finance US$1.5B worth of projects in Angola by June 2022
World Bank's Vice President for Southern Africa, Hafez Ghanem, announced yesterday that the organisation will finance projects in Angola worth US$1.5 billion until June, following an official visit to the country. "We discussed with the Angolan Government an investment in agriculture, which creates jobs and increases food security, the development of rural areas; we debated the importance of value chains, #Angola #DevelopmentFinanceInstitution #DFI #Feature #Finance #HafezGhanem #IFC
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Meta launches 'Facebook Business Coach' WhatsApp tool to help African SMEs
Meta (Facebook's newly established parent company) announced the launch of Facebook Business Coach, an innovative and easy-to-use tool for SMB owners in South Africa, Nigeria, Kenya, and other English-speaking countries to learn more about how to expand their business online with Facebook, Instagram, and WhatsApp. The Facebook Business Coach, which is available on WhatsApp, is a free-to-use, low-cost educational #africa #AfricanSMEs #FacebookBusinessCoach #MarkZuckerberg #Meta
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Africa’s Fintech transformation: traditional banks can still gain an edge
Africa is in the midst of a fintech transformation. Millions of Africans are now connected to financial services as a result of hundreds of start-ups. However, with the right mix of innovation and partnerships, Africa’s established commercial banks can gain an edge in the continent’s digital finance revolution. The latest report in CR2’s Market Insight series discusses how Africa represents a massive market that is #africa #africanbankingsector #Africanfintech #africanfintechs
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Nigerian leaders offer insights on policies to attract energy investment
Nigeria has for years dominated the investment space in Oil and Gas in Africa. For decades it has emerged as the only country in Africa that is at the forefront of attracting the biggest players in the sector and steering forward project developments across the Value chain. With the Covid 19 pandemic bringing to a halt many business opportunities and frozen investment in most parts of the world, Nigeria was largely #Energy #energyinvestment #Infrastructure #Investing #Nigeria
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Back from the brink: the success story of South African Airways recovery
South African Airways (SAA) has been South Africa’s flag carrier since the 1930s. Over its nearly 90 years of history, the airline has grown from a small domestic carrier to a respected international full-service carrier operating some of aviation’s largest jets. After coming back from the edge of bankruptcy, the airline is looking to rebuild and launch itself from a position of stability. #airtravel #Aviation #BackfromthebrinkthesuccessstoryofSouthAfricanAirwaysrecovery #SouthAfrica
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Community of Portuguese-Speaking Countries (CPLP) committed to mobility agreement
The Community of the Portuguese-Speaking Countries (CPLP) pledged to bring into operation the mobility agreement as soon as possible. The intention was expressed on Monday by its Executive Secretary, Zacarias da Costa, who is in Cabo Verde attending the Inauguration of the elected President, José Maria Neves, on Tuesday. The official told the press that under the statutes of the organisation deposit of instruments #Angola #CaboVerde #CapeVerde #CommunityofPortugueseSpeakingCountries