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June 29, 2022

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Global warming threatens Africa’s development: UNECA

Despite its limited contribution to climate change, the African continent is significantly affected by global warming, which ultimately threatens the continent’s socioeconomic development, the United Nations Economic Commission for Africa (UNECA) has warned. Africas: News Desk Despite its limited contribution to climate change, the African continent is significantly affected by global warming, which ultimately threatens …

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Rwanda announces visa-free travel for all Africans

Kijali: Africas, AP, News DeskRwanda announced Thursday that it will allow Africans to travel visa-free to the country, becoming the latest nation on the continent to announce such a measure aimed at boosting free movement of people and trade to rival Europe’s Schengen zone. President Paul Kagame made the announcement in the Rwandan capital, Kigali, where he pitched the …

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African Heritage Switzerland launches “Diversity Fashion Week” in Zurich

Zurich, AFRiCAS: Engy Saadany – Ghada Abdekebir The 2nd edition of the “Diversity Fashion Week”, which hosted by “African Heritage Switzerland” kicks off today in Zurich, at Ngala African Contemporary Art Space, with participation of national and international designers. Beatrice Schnelli-Okello, the President of African Heritage Switzerland told AFRiCAS reporters in Zurich: African fashion in …

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African giants: The 10 largest economies in africa

Amidst the ever-changing economic landscape of Africa, a select group of nations rises above the rest. They hold the key to shaping Africa’s economic destiny. Their influence reverberates across the region, attracting investments and spearheading regional development. Join us on a journey of discovery as we uncover the economic powerhouses driving Africa’s growth and influencing …

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mastercard

Mastercard ventures into African fintech with $5.2bn

Mastercard has acquired a minority stake in MTN Group’s African fintech subsidiary, valued at $5.2 billion. MTN strategically leveraged Mastercard’s technology for payments and remittance expansion in Africa. MTN shares surged by 10% post-announcement, reflecting the significant collaboration in the booming African fintech sector. Mastercard Inc. is making waves in African fintech by acquiring a …

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e-finance

37.5% growth in e-finance revenues during the first half of 2023

e-finance for Digital and Financial Investments S.A.E. (“e-finance”, or the “Group”, EFIH.CA on the Egyptian Exchange), a leading technology-focused investment firm in Egypt, announced today its standalone and consolidated results for the six-month period ended 30 June 2023. The Group’s consolidated revenues increased by 37.5% y-o-y to EGP 1,735.4 million driven by broad-based growth across …

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Yalla Group Establishes Sustainable Account with Standard Chartered

Dubai: Africas, Newsroom Yalla Group Limited, the largest Middle East and North Africa (MENA) based online social networking and gaming company, announced today it has established a Sustainable Account for Cash Management with Standard Chartered, one of the world’s leading international banks. Standard Chartered launched its Sustainable Accounts in 2021 to enable its corporate clients …

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Cyferd launches ‘Neural Genesis’ the AI revolutional software

Dubai, Africas, News Desk Cyferd, a leading technology company, today announced the launch of its innovative Artificial Intelligence (AI) software; ‘Neural Genesis (NG).’ By inputting just a few words, CyferdNG can generate applications in seconds creating a cutting-edge platform that can be used enterprise-wide in minutes, slashing the cost of implementation substantially. Recent AI advancements …

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Darwinbox and Microsoft in collaboration to redefine the future of work 

UAE: Africas, News Desk Darwinbox, the fastest-growing HR tech unicorn, today announced a collaboration with Microsoft to empower organizations globally and across the MENA with the right tools to succeed in the evolving world of work. The collaboration will include deep integrations between Darwinbox and the Microsoft product ecosystem, and co-innovation on solutions to enhance …

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China to step up cooperation with Arab states under BRI, GDI & GSI

Bejing, BARILinks Chinese President Xi Jinping has said China will continue to enhance cooperation with Arab states under the Belt and Road Initiative (BRI), the Global Development Initiative (GDI) and the Global Security Initiative (GSI). He made the remarks during his meetings with Arab states’ leaders ahead of the first China-Arab States Summit and the China-Gulf Cooperation …

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