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44 million Ugandans are able to trade Bitcoin and Ethereum without fees during the next month. Binance recently announced the launch of a fiat-to-crypto exchange in Uganda and the platform will begin processing deposits and withdrawals of Ugandan Shillings beginning on October 17th. The exchange, called Binance Uganda, is the first official fiat-crypto exchange launched by Binance and the platform...
By CNN Paul Allen, the billionaire co-founder of Microsoft, died Monday. He was an investor, entrepreneur and philanthropist who influenced many aspects of modern life — from technology and science to sports and music. Allen was 65, his investment firm Vulcan said in a statement announcing his death. He died in Seattle from complications related to non-Hodgkin's lymphoma two weeks after...
Regional low cost carrier, Jambojet, has increased its flight frequency to its various coastal destinations ahead of the festive December season. Jambojet CEO, Willem Hondius said that: the increase in frequency not only addresses the high demand of domestic tourists traveling to Kenya’s favoured holiday destination in Mombasa, Malindi and Ukunda but to also offer flexibility and flight variety to...
ICE Africa has attracted delegates from a total of 91 countries including gaming professionals from 25 African countries The international gaming industry has shown its support for Clarion's vision to deliver a stellar business event for the continent, with the inaugural edition of ICE Africa (www.ICEAfrica.za.com) (24 and 25 of October at the Sandton Convention Centre, South Africa) now...
How a wolf in sheep’s clothing kidnapped Angola Angola is a country in debt. At least $18 billion is being owed to Chinese With projected debts of over $70 billion, about 70% of the national GDP, and an inflation rate of 24.75% as well as an unemployment level of 25%, the resource rich but heavily indebted Angola has decided to spend...
Technology and innovative finance key to reaching end users in the value chain through technology: African Development Bank at Global Infrastructure Forum 2018 Innovative finance and new technology will connect underserved populations Results: lower costs for off-grid electricity supply, benefits consumers New technology and blended finance will help to bridge the “last mile” of the infrastructure gap by getting goods and...
African Development Bank and partners’ innovative Room2Run securitization will be a model for global lenders Room2Run will create space for more lending in pursuit of development agenda BALI, Indonesia Sharing the lessons learned will shorten the path for other MDB’s Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitization of a portfolio of seasoned African Development Bank...
Next call for Africa Agri-food Development Programme (AADP) applications launched at Africa Ireland Economic Forum New call for proposals under the Africa Agri-food Development Programme, funded by the Irish Government DAR ES SALAAM, Tanzania The 6th Africa Ireland Economic Forum took place on the 11th of October 2018 at the Convention Centre, Dublin Ireland. The Forum, organised by the Irish Department...
African Development Bank showcases investment opportunities in Africa to Nordic investors The Bank presented its strategy for the transformation of African economies and showcased investment opportunities on the continent The African Development Bank (www.AfDB.org) in a multidisciplinary team roadshows has presented financial products and investment opportunities to Nordic investors to leverage more access to financing. The roadshows brought together more...
The facility from CEXIM marks AFC’s inaugural financing facility from the People’s Republic of China (PRC) Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate...
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