Google Opens AI Centre in Ghana
Google has opened an Artificial Intelligence Research Center in Accra, Ghana, the first of its kind in Africa. Google's head of AI Accra, Moustapha Cisse said that the lab in [...]
Zimbabwe Exceeds 2018 Revenue Targets by $ 1.18 Billion
Zimbabwe has surpassed its 2018 revenue targets by US$ 1.18 Billion, according to the fourth quarter report issued by the Finance Ministry. The increase was attributed to the Government policies [...]Kenya Receives Highest Diaspora Remittances in EA
Kenya received $10.74 billion from its citizens living abroad between 2013 and 2018, topping the East African region as the biggest beneficiary of diaspora remittances; this is according to the [...]Jumia stock price jumps up 75% on first day of trading
On Friday, Africa focused e-commerce platform Jumia listed on the New York Stock Exchange. The e-commerce firm, founded by French entrepreneurs, Jeremy Hodara and Sacha Poingnonnec, started operating in Nigeria [...]
DHL Africa Rolls out e-commerce platform
DHL is rolling out its DHL Africa online shop app which will help traders to sell their products for markets in Africa. The online shop will operate using the link [...]Ethiopian Banks to upgrade their accounting systems to IFRS 9
17 Ethiopian Banks have hired KPMG to help them upgrade from the old accounting system IAS 36 to the new international accounting standard IFRS 9. The accounting firm will assist [...]Uganda Acquires 2 Airbus Planes as it Seeks to Revive its National Carrier
Uganda has bought two new Airbus A330-800 Neo order aircraft which will boost the revival of Uganda’s national carrier, Air Uganda. Monica Azuba Ntenge, Minister for Works and Transport, said [...]IMF rates Ghana as the fastest growing economy in the world at 8.8%
The International Monetary Fund predicts that Ghana’s economy will grow at 8.8 percent in 2019, the fastest growth rate in the world. IMF bases its projections on the improved macroeconomic [...]Kenya Top Funding hub for tech startups with Sh 35 Billion raise in 2018
In 2018, Kenyan technology startups secured $348 million (~KSh35 billion) in funding, the highest amount among African countries. This is according to Partech Africa report which focused on start-ups whose [...]CDC Group Acquires 8% Stake in Liquid Telecom
UK Government owned development finance institution CDC Group has acquired an 8% stake in Liquid Telecom for an investment of US$180 million. CDC group said that its investment would help [...]Africa’s economic growth declined to 2.3% in 2018
A World Bank report titled Africa’s Pulse shows that Economic growth in the entire African continent slowed down to 2.3 percent in 2018 against a projected growth of 2.7 percent. [...]African SMEs Have 77% Chance of Stagnating – AFDB
According to the latest African Economic Outlook report, most African SMEs have a 77 per cent chance of stagnating while medium and large firms have 18 per cent and 5 [...]
