Headlines

Headlines

Vaccine Gap Exposes Opportunities And Challenges For Pharma In Africa

By Julie Oppenheim (Bowmans South Africa), Daniel Mwathe (Bowmans Kenya) and Micael Sehul (AAAOL, Ethiopia) Africa’s COVID-19 vaccine challenges have been a bitter pill for many governments to swallow as they watch developed countries race ahead with their vaccination programmes. In the United Kingdom, almost 70% of the total population had received at least one

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Business

How Business Incubators Are Helping Entrepreneurs In Africa

Small & medium enterprises (SMEs) are the engine of economic growth in Africa, particularly when small businesses develop their potential to expand and contribute to job creation. According to the World Bank, formal SMEs contribute up to 40% of GDP in emerging economies, and this number is much higher when including informal businesses. The Brookings

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Feature

A Multi-Pronged Approach To Welcoming Women Into The Chemicals Sector

By Wezi Khoza, Chairperson, CHIETA Despite decades of effort, the gender disparity in technical fields is still sizable. According to a study by the World Economic Forum, women in the engineering, manufacturing and construction industry are outnumbered – for every ten men, there are just three women. This does not bode well for chemical industries,

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Headlines

Bolt Raises Over R10.3bn From Investors

Bolt, the first European super-app, has closed a R10.3bn (€600m) funding round, increasing the company’s valuation to more than R68.6bn (€4B). Bolt will use the funds to boost its new 15-minute grocery delivery service, Bolt Market, and to accelerate the expansion of its existing mobility and delivery products. The funds were raised from new investors

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Headlines

Fintechs, SMEs And Digitization In Africa – Ghana Leads The Charge

Eric Osiakwan Three leading Ghanaian fintechs; Hubtel, ExpressPay and IT Consortium joined forces to build Ghana government’s portal https://www.ghana.gov.gh – a digital services and payment platform for Small Medium Enterprises (SMEs), Startups and citizens to access government services at the click of a button. Despite being competitors, these tech ventures saw the need to collaborate

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UN Chief Welcomes ‘Historic’ IMF Liquidity Boost For Governments In Need

As the COVID-19 crisis continues to exacerbate restrictions on government spending throughout the world, the UN chief on Tuesday welcomed the decision by the International Monetary Fund (IMF) to approve a $650 billion allocation of Special Drawing Rights to “boost liquidity”.  Secretary-General António Guterres issued a statement on the policy change towards Special Drawing Rights or SDRs, a type of foreign reserve asset that are IMF defined and maintained, as additional funding

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General Assembly Creates New Permanent Forum Of People Of African Descent

Capping years of deliberations, the UN General Assembly on Monday established a new platform to improve the lives of Afro-descendants, who have for centuries suffered the ills of racism, racial discrimination and the legacy of enslavement around the globe. The 193-member body unanimously adopted a resolution establishing the United Nations Permanent Forum of People of African Descent,

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AMA

SAP Africa Appoints Tracy Bolton As COO

SAP Africa has announced the appointment of Tracy Bolton as its new Chief Operating Officer for the Africa region. Cathy Smith, Managing Director at SAP Africa, says Bolton has played a crucial role in helping SAP expand its offering to new customers and drive cloud adoption among African enterprises. “Tracy has demonstrable success in leading

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AMA

Mercenaries ‘impede’ peace, must leave Libya to allow elections

The continued recruitment and presence of mercenaries in Libya is impeding “progress in the peace process” and an obstacle to upcoming elections, independent UN human rights experts said on Friday, calling for their “long overdue” departure. NEW YORK, USA, 02 August 2021-/African Media Agency (AMA)/-“Nine months after the ceasefire agreement calling for withdrawal of foreign

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Crypto Derivatives Leader Bybit Enters Spot Trading

SINGAPORE, 15 July 2021 -/African Media Agency(AMA)/- Bybit, hitherto the world’s largest derivatives-only cryptocurrency exchange, has announced its expansion into the crypto spot trading market.  Bybit Makes Audacious Stride Into Spotlight Bybit’s new spot trading platform opens to all on July 15 at 6AM UTC, and comes with zero maker fees. Upon launch, BTCUSDT, ETHUSDT, XRPUSDT and EOSUSDT will

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