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African Trade Insurance Agency (ATI) Supports $67m Solar Plant In Malawi

buy gabapentin 300mg uk COVID-19 has highlighted the extent of the critical energy gap in Africa, where diversification is needed to ensure more stable and broader energy access; Malawi’s USD67 million Nkhotakota Solar Power Plant, backed by an international consortium, is expected to set a regional standard and considerably reduce the country’s energy deficit; This is the 2nd renewable energy project supported by ATI’s Regional Liquidity Support Facility (RLSF), designed to cover the late-payment risks of publicly owned power utilities. The COVID-19 pandemic has shown the urgency to ramp up energy access and to diversify the existing energy mix in many African countries. In sub-Saharan Africa, electricity access stands at...

Daily Digest Friday 6 November 2020

Latest News Vodafone Egypt Gets Additional Ten-Year Spectrum License The Egyptian unit of the UK-based group said in a statement it had acquired 40MHz of 2.6GHz TDD spectrum from Egypt's National Telecommunications Regulatory Authority (NTRA). The spectrum is on a ten-year license term which will extent to 2030 and will enable the telco "to significantly expand network capacity." Read More Funding In Africa Global Voice Group (GVG) To Invest $300K In African Regtech Startups GVG is a global provider of ICT and regtech solutions for governments and regulatory bodies and has its main offices in Spain and South Africa. On the continent it works with customers in Tanzania, Ghana, Senegal, Congo,...

Vodafone Egypt Gets Additional Ten-Year Spectrum License

Vodafone Egypt has acquired some 2.6GHz spectrum for $540 million which it says will help it meet growing demand for reliable, high-quality voice and data services. The Egyptian unit of the UK-based group said in a statement it had acquired 40MHz of 2.6GHz TDD spectrum from Egypt's National Telecommunications Regulatory Authority (NTRA). The spectrum is on a ten-year license term which will extent to 2030 and will enable the telco "to significantly expand network capacity." Payments will be phased over three years, with an initial payment of $270 million when it receives the spectrum and two further payments of $135 million due in 2021 and 2022. This is Vodafone Egypt's...

Global Voice Group (GVG) To Invest $300K In African Regtech Startups

Global Voice Group (GVG) wants to invest US$300,000 in African tech startups which are coming up with regulatory technology (regtech) solutions. GVG is a global provider of ICT and regtech solutions for governments and regulatory bodies and has its main offices in Spain and South Africa. On the continent it works with customers in Tanzania, Ghana, Senegal, Congo, Gabon, Uganda and Rwanda. Startups can gain access to up to $300,000 in funding, but the average investment size will be between $30,000 and $100,000. It collects and analyzes big data from crucial economic sectors, including telecoms and financial services, and turns it into actionable information to enable data-driven decision-making in...

Applications For The Ministry Of Health General Nurse Training Program Are Now Open

The Ministry of Health and Child Care (MoHCC) has announced that it has begun online recruitment of individuals who want to undergo general nurse training. Applications are open for anyone who meets the following criteria: Minimum of 5 “O” Levels with passes in English Language, Mathematics and a Science subject and two other subjects (which exclude practical courses such as Fashion and Fabrics, Metal Work, Graphic Art and Wood Work) at Grade C or higher obtained from not more than two sittings with full certificated. Examinations slips will not be accepted.The age range is between 17 and 30 years at the start of the program on January 4th 2021. Read Other Here: Zimbabwe:...

Daily Digest Thursday 5 November 2020

Latest News Zimbabwe: Seed Co International Becomes The First Company To Be Listed On VFEX Seed producer -Seed Co International Limited (SCIL)- which is secondary listed on the Zimbabwe Stock Exchange (ZSE), has announced its willingness to migrate to the country’s new stock exchange. The company will thus become the first to be listed on the Victoria Falls Stock Exchange (VFEX), Food Business Africa reports. Read more Funding In Southern Africa SA’s Cyril Ramaphosa Pledges $62bln Infrastructure Investment For The Next 4 Years  The South African government says it will unlock R1 trillion (about $62 billion) for infrastructure projects over the next four years. The announcement was made yesterday by President Ramaphosa...

Webinar: Building From Ground Up

On Friday, November 6, for the second episode of Building From Ground Up, we'll be featuring Shola Akinlade, Co-Founder/CEO, Paystack. Paystack is a payment-processing company that facilitates payments between African businesses and their customers anywhere in the world. Shola started his career as a management trainee at Heineken and then proceeded to build software for Nigerian banks. Along the line, he grew dissatisfied with the state of payments in Nigeria and then co-founded PayStack with Ezra Olubi in 2015. Today, Paystack has raised over $11 million in funding, and was recently acquired by Stripe in a $200m deal that has been described as the 'deal of...

SA’s Cyril Ramaphosa Pledges $62bln Infrastructure Investment For The Next 4 Years

 The South African government says it will unlock R1 trillion (about $62 billion) for infrastructure projects over the next four years. The announcement was made yesterday by President Ramaphosa during a conference on the sidelines of the South Africa Infrastructure Project. The planned programs will revive the gloomy economy which is expected to further decline by at least 8% this year. The government sees in this strategy an opportunity to not only give a new face to the country but also generate jobs for the youth and promote local businesses, therefore lower the unemployment rate. Read Also : OAU, CU Produced The Highest Number Of ‘Millionaire’ West African...

Crown Prince of Dubai launches Nasdaq Dubai Growth Market for SMEs

His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, has announced the launch of the Nasdaq Dubai Growth Market, to support SMEs achieve the next phase of their expansion, by raising capital through an initial public offering (IPO). The initiative will allow fast-growing companies to achieve a streamlined and cost-effective listing on the region’s international exchange. H.H. Sheikh Hamdan is eager for Dubai to launch such initiatives in order to allow for growth across several sectors and create a supportive, collaborative environment for businesses to prosper. The initiative will fall under the Dubai Future District (launched by His...

South African Agritecth Startup, swiftVEE Secures $1.5-Million In Funding

South African agritecth startup, swiftVEE has secured $1.5-million in an investment round led by Subtropico Ltd, an unlisted public company specialising in Agri investments across the fruit, vegetable, and livestock industries and a private syndicate. swiftVEE has secured $1.5-million in a Series A investment round The funding will be used to expand the agritech’s offering within South Africa and neighbouring countries including Namibia and Botswana. With the new investment, swiftVEE will be included on Zire, South Africa’s first multi-industry agricultural services platform that will provide technology services to industry stakeholders in the livestock, fruit, and vegetable sector. Leveraging off Zire, which is expected to launch in 2021, swiftVEE will be able...

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