Chinese manufacturers participate in South African expo

South Africa More than 70 Chinese manufacturers are exhibiting at the first South Africa International Industrial Expo, looking for partners to do trade within the country and in the African continent. The expo kicked off in Johannesburg on Monday and will end on Wednesday. The Chinese companies are exhibiting products including agricultural machinery, automobile, motorcycle

Year in review – Binance accelerates adoption, education and transparency across Africa

Increasing Crypto Adoption Across Africa As a leader in the blockchain industry, Binance continues to innovate and boost new products and services that enable financial accessibility for Africans. Notably, the company recorded a significant increase in Binance Pay users across the continent, highlighting its strong use case and continued uptake. Binance Gift Card also became

African fintech rises to the challenge

Vendors selling vegetables in the Kasoa market in Accra, Ghana. Photo by: Dominic Chavez/IFC This article was produced by the IFC. When Nigeria went into lockdown to contain the spread of coronavirus in 2020, Michael Terver was able to keep his small cybercafé afloat – and help friends and customers navigate new financial challenges –

Nigeria’s Atiku will probe forced abortions report if he wins – spokesman

Dec 8 (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar’s administration will investigate a Reuters report of forced abortions “with a view to stopping it” if he wins next year’s election, his spokesman Charles Aniegwu said on Thursday. Reuters reported on Wednesday that the Nigerian Army has run a secret, systematic and illegal abortion programme

US: Investment at centre of development agenda ahead of Africa Leaders Summit

Indeed, private capital deals reached a record high of $7.4bn in 2021 alone, according to the African Private Equity and Venture Capital Association. Meanwhile, many African countries struggle with food insecurity, low electrification rates, limited access to health services, inadequate transport infrastructure, currency volatility, and other developing world constraints. Estimates from the UN suggest that

Senegalese B2B marketplace Kwely wins MEST Africa Challenge

Senegalese B2B marketplace Kwely has been named winner of the 2022 MEST Africa Challenge, securing US$50,000 in equity funding. Founded in Ghana in 2008 by serial entrepreneur Jorn Lyseggen, MEST is a pan-African software and entrepreneurship training programme, seed fund, and incubator helping to launch technology startups across the continent.  To date, it has trained

Bid to censure Ghana’s finance minister fails in parliament

ACCRA, Dec 8 (Reuters) – A bid to censure Ghana’s embattled finance minister Ken Ofori-Atta failed on Thursday when ruling party members walked out of parliament, depriving the opposition of the two-thirds majority it required to pass the motion. Members of the National Democratic Congress (NDC), Ghana’s main opposition party, accuse Ofori-Atta of illegally using

Forex crisis, diplomatic row cited as Emirates suspends Nigeria flights

By MOHAMMED MOMOH Abuja United Arab Emirates carrier Emirates in October suspended flights to Nigeria over inability to access foreign exchange, bringing to a climax the lingering crisis between UAE and the most populous African country. All other foreign airlines still operation in Nigeria are suffering a similar fate. After many previous suspensions of operations