Saturday, May 30, 2020

World bank awards $1m to Four East African universities for the establishment of incubation centers

The Inter-University Council for East Africa (IUCEA), which is a part of the World Bank-supported Africa Centers of Excellence for East and Southern Africa Project (ACE II) has selected Incubation Centers to be hosted at four of the African Centers of Excellence (ACEs). Each Center will receive a financial award of 250,000 USD, from a World...

Meet Kayode Ogunro, Nigerian Investment Professional who was Special Adviser to former Minister of Finance, Ngozi Okonjo-Iweala

Kayode Ogunro is a Nigerian investment professional and co-founder & managing partner at Aion Holdings. Kayode had over a decade experience in equity management before co-founding Aion Holdings, he currently works in the private sector and also for the Nigerian government. However, He was a founding team member and portfolio manager...

Artificial intelligence and africa technology

Counting on the gains of Artificial Intelligence (AI) technology in nation building and development, participants at the just concluded AI forum in Dubai, United Arab Emirates (UAE), have insisted that effective collaboration between government and the private sector will speed up development among African countries. They also called for proper investment in AI technology....

CBN to Establish Collateral Management Regime to Regulate Fintech

In order to encourage more innovation in the payment system, the Central Bank of Nigeria (CBN) is putting in place a Collateral Management Regime (CMR) to regulate the activities of fintechs and other technology start-ups in the country. The Director, Payments System Management Department (PSMD), Sam Okojere, who represented the Governor of the CBN,...

Kenya gets $250m World Bank’s housing loan

Kenya’s affordable housing has received a major boost following the World Bank’s approval of $250 million loan for the project. The World Bank’s gesture was to ensure that the housing project was successful to create access to houses. The loan is also to provide a silver lining for the government’s affordable...

Togo’s grain output rises for third consecutive campaign

For the third consecutive campaign, Togo’s grain output has risen, according to data released by the Inter-States Committee to Fight Drought in Sahel (CILSS). Spurred by favorable weather conditions, grain production in 2018-2019 rose 3% compared to the previous season. It stood at 1.339 million tons. This trend spread to the...

More China investments coming to Zimbabwe

Last year, Zimbabwe Government decided to adopt a visa-on-arrival policy to Chinese visitors. This policy is bringing more Chinese tourists to Zimbabwe and promoting the mutual understanding between the people of our two countries. This is just an example of our expanding cooperation across a wide range of areas.

Japanese fashion retailer, Zozo quits Europe and US market as it sets to lose up to £18.7m

Zozo is owned by a Japanese billionaire entrepreneur, Yusaku Maezawa, who is an art collector. He founded Start Today in 1998 and launched the online fashion retail website Zozotown, now Japan's largest. Now, the Japanese fashion retailer Zozo has reported a drop in profits following its failed experiment with a body-measuring suit and app.

PayPal to invest $500m in Uber

Online payments company PayPal plans to invest $500 million in Uber Technologies as the ride-hailing firm unveiled terms for its initial public offering on Friday, Refinitiv IFR reported. PayPal will invest in Uber through a concurrent private placement at the IPO price, IFR reported on Thursday, citing sources. A financial services...

DHL Express, Collaborates with Mall for Africa, launches online shopping App

One of the world’s most trusted courier service, DHL Express launches a new online shopping app in partnership with Mall for Africa DHL Express has launched a new online shopping app, DHL Africa eShop in partnership with Link Commerce – a division of Mall for Africa. The demand for online shopping is growing...
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