Uber crosses 1 billion rides in Africa

American ride-hailing giant Uber recently announced that it has completed 1 billion rides and over 10 billion kilometres in terms of distance covered across all its markets in Africa.  The company first launched in Africa in 2013, establishing a presence in Johannesburg, South Africa. Since then, it has expanded to operate in 7 other countries:

Embracing new technologies to improve energy quality

ESI Africa spoke with Mark O’Kane, Regional Sales Director for Middle East, Africa and Turkey at Survalent, in an exclusive interview about the energy and smart technology market. Survalent offers advanced distribution management systems worldwide, from software development to system implementation, and is dedicated to service in the utility industry including small and large electric,

CBN backtracks, takes radical stance against rising inflation — Business — The Guardian Nigeria News – Nigeria and World News

• Raises interest rate by 1.5%• Decision will worsen already-tight lending space, says Yusuf• High-interest rate will attract portfolio investors, says Ozo-Eson The rate-fixing arm of the Central Bank of Nigeria (CBN) backtracked on its position on the country’s rising inflation, yesterday, increasing the monetary policy rate by 1.5 per cent or 150 basis points

Uber records one billion trips in Africa

News Johnstone Kpilaakaa May 25, 2022 3 min Uber has completed one billion rides across its African routes, which is over 10 billion kilometres in distance. Uber App. Source: Fortune Uber has completed one billion rides across its African routes, which is over 10 billion kilometres in distance. “It all started with the tap of

Africa needs annual investment of $40bn on energy for electricity – AfDB

President of the AfDB Group at the 2022 Annual Mettings of the Bank in Accra, Ghana The African Development Bank (AfDB) says Africa needs an annual investment of 32 to 40 billion dollars along the energy value chain to achieve universal access for electricity by 2030. The AfDB’s African Economic Outlook 2022 unveiled at the

African football’s melting pot of confusion ahead of Qatar 2022 – SABC News

The FIFA World Cup euphoria is, once again, building up ahead of the world’s biggest soccer extravaganza set to take place in Qatar later this year. Five African nations, Senegal, Ghana, Morocco, Cameroon and Tunisia will be carrying Africa’s hopes going into the quadrennial tournament. However, it is the outcome of performances by those African

Mining giant pleads guilty to bribery in Africa, South America

A subsidiary of Swiss-based mining giant Glencore, pleaded guilty to seven counts of bribery in a London court Tuesday. The firm will pay up to $1.5 bln after other subsidiaries pleaded guilty to bribe in Brazil and the US. The United States department of Justice said on May 24 the natural resource firm had entered a plea agreement

African brands surge to 17 per cent of the Top 100 brands.

Today Brand Africa unveiled the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 most admired brands in Africa at a live event hosted by Brand Africa, at Eko Hotel & Suites in Nigeria.      Against a backdrop of internal focus as a consequence of an urgent rebuilding of economies devastated

Techstars-backed Nigerian fintech Vesti has grand expansion plans for 2022

Nigerian fintech startup Vesti, which simplifies banking for intending immigrants and those who have newly-arrived in a new country, is planning expansion into a host of new countries this year after securing backing from Techstars. Launched in May 2021 by two Nigerian brothers – Olusola and Abimbola Amusan, both immigrants in the United States (US)