Payment solutions provider Chipper Cash raised $2.4 million during a funding round led by American firm Deciens Capital. 500 Startups and Liquid 2 Ventures also took part in the operation. Apart from financial support, the payment solution provider will also receive technical support from its new financial partners.   The beneficiary plans to use the raised funds to develop new payment...

Eutelsat has chosen General Dynamics Satcom Technologies and Hugues Networks Systems to help it deploy its Konnect satellite programme in Africa. General Dynamics Satcom Technologies will deploy seven ground antennas while Hugues Networks Systems will provide its ground network system, Jupiter. These various components will help efficiently exchange traffic. According to Eutelsat, Konnect...

South African telecommunications operator Telkom is not interested in the commercial launch of the 5G. According to information reported by Business Insider SA, the operator estimates that the 5G technology whose availability period is not known will be more expensive than the 4G. Telkom seems to be of the opinion that investing in this technology is not really profitable because the...

Today 9, May 2019, Kenyan officials have started a roadshow in the USA and the UK in the framework of a $2.5 billion Eurobond, one of the banks in charge of the management of that operation announces in a communique.   The East African country that issued its first Eurobond in 2014 before another one in 2018 commissioned J.P. Morgan and Standard Chartered Bank to arrange the...

Namibia announced N$573 million (about $40 million) support to farmers and households affected by drought victims. The victims will receive food aids, water tanks and facilities for their activities. Farmers will receive aids for their transports to grazing areas and the transit of fodders to affected zones. Those who need help for leasing grazing areas will also be supported and help will...

Angolan bank Banco Economico will soon make an important participation in local insurance company Tranquilidade-Corporação Angolana de Seguros. This was announced by the Competition Regulatory Authority of Angola ARC indicated in a communique published on May 7, 2019, without mentioning the exact volume of stakes to be acquired. It, however, indicated that it received the notification of that...

Nigeria Sovereign Investment Authority (NSIA) announced on May 5, 2019, that on December 31, 2018, its assets reached NGN617.70 billion ($1.72 billion), representing a 16% YoY rise. The authority’s gross income during the period under review was NGN44.34 billion ($123 million) against NGN27.93 billion at end December 2017. With a social capital of $1 billion, the NSIA was created in 2011...

The Management Board of the African Legal Support Facility (ALSF) has met to review progress made in 2018 and to assess the implementation of its projects. The Board considered key issues and events, which will be discussed further on the margins of the 2019 Annual Meetings of the African Development Bank Group, scheduled to take place next month in Malabo, Equatorial Guinea. Established in...

Africa Mobile Networks (AMN) has extended its servicing agreement with Vanu Inc. for the provision of more than 2,500 mobile network infrastructures. This will increase the number of infrastructures AMN ordered within the past two years to 3,000.   Andrew Beard, CEO of Vanu Inc. estimates that while mobile operators have increased their network coverage, there are still 1.2 billion people...

Nigeria has just approved the construction of a $3.9 billion port in Delta state, transport minister Rotimi Amaechi (photo) revealed this week in an interview with News Agency of Nigeria (NAN). According to the official, the new infrastructure should be built in Warri whose economy is mainly based on oil refinery and other oil and natural gas activities. New railway infrastructures should...