BUSINESS

President Muhammadu Buhari launched a digital currency for Nigeria on Monday in Abuja. The eNaira will complement the physical naira. “We have become the first country in Africa and one of the first in the world to introduce a digital currency for our citizens,” Buhari said at the event, which took place at the State House. He added that the …

JOHANNESBURG, South Africa, September 28, 2021 -/African Media Agency(AMA)/- As survivors of a global crisis, bright young professionals are entering the labour market equipped with new skills, fresh perspective, and boundless energy. This is all thanks to a highly successful graduate program driven by SAP and supported by a thriving ecosystem of public and private sector partners and customers. According …

United Arab Emirates has launched its 6th edition of Global Business Forum Africa (GBF Africa) that aims at scaling-up and strengthening multifaceted business with Africa. As expected, Heads of State, more than 30 Ministers, high-ranking Government officials and prominent influential business leaders from Africa have confirmed their participation for the sixth edition of the GBF Africa, which takes place on …

BioNTech, founded by a German-Turkish researcher couple and which was one of the first companies to launch a coronavirus vaccine on the market, has been awarded the special prize of the German Founder’s Prize 2021. “With the outbreak of the COVID-19 pandemic, the world changed for all of us. Together with their team, Dr Özlem Türeci and Professor Dr Uğur …

The Global Innovation Initiative Group (GIIG) has announced the launch of a first of its kind profit and purpose fund aimed at investing in early-stage tech innovation startups across Africa. Here’s how the Fund plan to play a part in stimulating entirely new industries, accelerating cross-border collaboration and unlocking access to new markets across Africa. Cape Town, South Africa & …

Cybercrime is one of the top risk factors likely to jeopardize Africa’s economy especially at this time when the continent is transitioning to E-commerce under the Africa Continental Free Trade Area (AfCFTA). That’s according to panelists at a Book Talk hosted by the Economic Commission for Africa (ECA) on 2 September 2021 The “Book Talk” was jointly organised by ECA’s Knowledge Management …

Facebook has announced the launch of Facebook Marketplace to 37 countries and territories in sub-Saharan Africa. Currently available in South Africa, Ethiopia, Kenya and Nigeria, Marketplace exists as a point where people can discover, buy, and sell items from others in their local communities. This is done by tapping on the Marketplace icon or visiting Facebook Marketplace to browse and …

Green Africa Airways Limited has announced the commencement of flight operations following its inaugural flight at the Nnamdi Azikwe International Airport, Abuja, on Thursday. The airline recently announced that it had received the Air Operators Certificate from the Nigerian Civil Aviation Authority. According to a statement by the airline, operations officially commenced with the inaugural flight from Lagos to Abuja …

Twenty-three start-ups in Africa and the German state of Baden-Württenberg have been awarded grants, including funds totalling 100,000 euros, by Baden-Württemberg Development Corporation Foundation (SEZ). Nineteen of the beneficiaries will receive funding, training and mentoring while the rest will benefit from training and mentoring. SEZ is the international development agency of Baden-Württemberg, one of Germany’s 16 federal states. The grants …

Bank of Mauritius Governor, Harvesh Seegolam, has called on African Central Banks to collaborate on digital currencies. He made the call at a meeting of the Ministers of Finance and Governors of central banks of all 54 African countries, held in Burundi and virtually on Thursday. This year’s edition of the annual gathering focused on ‘Digitalization for Inclusive Recovery and …

By Cathy Smith, Managing Director at SAP Africa Are African enterprises at risk of extinction, just as millions of natural species face extinction due to the impact of climate change? Businesses and countries across the continent are attempting to rebuild following the devastating economic impact of the pandemic. It is perhaps an opportune time to take stock of whether we …

Technology at the service of African youth and the continent: TEG Campus, the biggest tech meeting in Africa, returns for a 4th edition with the theme “The Tech Response” ——– Equatorial Guinea, 16 July 2021 -/African Media Agency(AMA)/- From 22 to 27 July, the annual TEG Campus event will bring together for the 4th year in a row African players …

By Titilayo Adewumi, Regional Sales Director: West Africa at SAP LAGOS, Nigeria, 6 July 2021 -/African Media Agency(AMA)/- While organisations across West Africa work to recover from the economic impact of the pandemic, the global cybercrime industry is going into overdrive. An increasingly sophisticated cybercrime industry is launching a range of attacks aimed at organisations and critical infrastructure. Such attacks …

Do you have an idea, business or initiative worth spreading or an upscale? Here is a platform… StartUp Afrika is a program designed to support innovative startups through intercontinental exchange and network plus funding. Why StartUp Afrika? We believe that startups can play a key role to create a social andecologically transformed economy in Africa and Baden-Württemberg. 100,000 euros for …

LUANDA, Angola, 17 June 2021 -/African Media Agency(AMA)/- SAP’s flagship digital skills build initiative the Young Professionals Program is celebrating its first-ever graduates from Lusophone Africa. At a virtual graduation ceremony attended by Constantin Zelenty, Deputy Head of Mission, German Embassy Angola; Cathy Smith, Managing Director, SAP Africa; Pedro Guerreiro, Managing Director, SAP Central Africa; as well as SAP customer …

The top market contributors to e-commerce in Sub-Saharan Africa (SSA) over the last three years were South Africa, Nigeria and Kenya. This is according to a recent white paper released by Visa titled ‘eCommerce developments across Sub Saharan Africa (SSA)‘. According to Visa, SSA may be one of the smallest regions of e-commerce globally, but it shows steady growth potential. …

The global non-profit organization Internet Society is committed to supporting Ethiopia in its vision to create an inclusive digital economy through the Digital Ethiopia 2025 Strategy ADDIS ABABA, Ethiopia, June 10, 2021/ — The Ministry of Innovation and Technology (MINT) of Ethiopia and the Internet Society (www.InternetSociety.org) announced a new collaboration agreement today that will help advance the digital economy …

Google has kicked off a series of programmes that will support the growth and recovery of small and medium-sized enterprises (SMEs) in Africa’s post-Covid economy. The programmes will be rolled out throughout the month of June. On the continent, SMEs account for around 90% of all businesses forming the backbone of the economy. While these businesses account for 80% of …

Ten start-ups from across Africa have been chosen for the Afro German Pitch Night at which the winner will walk away with €100,000 equity investment. The nominees were selected from the Deutsch Connect and Idea Seed Africa networks of start-ups.The final list of start-ups include five from Nigeria – namely, Agriple, Asusu, Chekkit, M.E Solutions and Rural Farmers Hub, and …

It has been observed that Africans are less likely to start their own businesses compared to other diaspora communities, such as Asians. A new initiative wants to change the situation by mentoring aspiring African entrepreneurs in Germany, providing them not only knowledge and skills training but also networking opportunities Deutsch Connect, a German-based Afrocentric startup that links African businesses to …