Nigerian wealth-tech startup Bamboo launches remittances app
Nigerian wealth management startup Bamboo has launched a fee-free remittances app – Coins By Bamboo – for seamless transactions from Canada to Nigeria. The startup has now launched a remittances app called “Coins by Bamboo.” Backed by the Canadian Money Service Business licence, the new remittance app, available on the Google Play and Apple stores, will enable Nigerians in the diaspora to make faster, more secure and cheaper money transfers to loved ones from the convenience of their mobile phones. Bamboo said the app was an extension of its brand ethos, which is to give Africans the ability to invest in anything, from everywhere. “We are thrilled to officially launch “Coins by Bamboo” to the public. “Coins” is a logical evolution of our core values – providing an opportunity for Africans to participate in the global investment economy,” said Richmond Bassey, co-founder and CEO of Bamboo.
Source:The North Africa Journal
November 14, 2024 09:11 UTC
Deepwater Discoveries Set to Reshape Africa's Energy Landscape
Africa’s deepwater segment has always played a key role in terms of adding significant discovered volumes, which has helped Africa sustain its hydrocarbon production. The contribution of this segment in Africa’s hydrocarbon production mix was between 20- 25% last decade and is expected to increase between 35-40% by 2035. From the under-construction and pre-FID projects, Rystad Energy estimates that there will be about 3.5 million boepd of new deepwater supply (pre-FID and under-construction projects) in Africa by 2035. Post-COVID-19, the continent has had a muted period of deepwater sanctioning activity, with the average annual deepwater resources sanctioned between 2015-19 dropping to about 330 million boe, compared to an annual average of close to 1890 million boe in 2015-19. If project timelines follow through, Africa could see annual average deepwater resource sanctioning activity surpassing 2 billion boe in the 2025-29 period.
Source:The North Africa Journal
November 14, 2024 09:01 UTC
Africa Data Centres Targets Growth Across West And North Africa
Africa Data Centres (ADC) intends to expand its presence across West and North Africa, the company’s interim CEO, Finhai Munzara, said. Munzara said that accelerated cloud adoption and digital transformation positively impact the data centre industry, with a notable shift of workloads from on-premises to third-party data centres. Munzara said that the entry of international companies into the African data centre market indicates robust growth potential. “I think it confirms what we’ve always known: that the opportunity is here (Africa), and this is the next wave. Quite a lot is happening in Nairobi, I think it’s becoming one of the key digital hubs in East Africa.
Source:The North Africa Journal
November 14, 2024 08:53 UTC
Egyptian vehicle payments gateway Tafweela becomes T-Vencubator’s 1st venture-building project
Egyptian startup Tafweela, which aims to revolutionise the vehicle payments ecosystem through its innovative end-to-end payment solution, has become T-Vencubator’s first venture-building project. As Tafweela becomes the first company in T-Vencubator’s venture-building portfolio, T-Vencubator will provide comprehensive support, including capital investment, mentorship, network access, and operational expertise. “Joining T-Vencubator’s venture-building portfolio is a game-changer for Tafweela,” said Marwan El Shayeb, the startup’s founder and CEO. “Their expertise and resources will be instrumental in our mission to revolutionise the vehicle payments industry. “We are excited to help Marwan build Tafweela and create a high-impact business that addresses a significant market need.
Source:The North Africa Journal
November 14, 2024 08:29 UTC
86% of African tech founders report “significant” impact on wellbeing, but most enjoy the journey
Entitled “Passion and Perseverance: Voices from the African Founder Journey”, the research includes responses from more than 160 startup founders across 13 African countries, diving deeply into the stresses and challenges they navigate on their startup journeys and how they cultivate resilience. The survey revealed that 86 per cent of founders report an impact on their wellbeing, with 60 per cent reporting anxiety, 58 per cent high stress, 52 per cent exhaustion and burnout, and 20 per cent depression. Most founders reported feeling lonely, stressed, and burned out, and too few are talking about it, highlighting the urgent need for greater support of founder wellbeing in the startup ecosystem. “Prioritising founder wellbeing not only has a positive impact on founders’ lives, but also on the long-term success of their business,” said Ameya Upadhyay, venture partner at Flourish Ventures. With this survey, Flourish also wanted to dig into the role of investors and understand how they make founders’ lives easier, or more difficult.
Source:The North Africa Journal
November 14, 2024 08:29 UTC
Blueberry Rebrand Reflects Exciting New Era for the Forex Company
SYDNEY, AU, Nov 14, 2024 - (ACN Newswire) - Blueberry, a leading global forex broker, is excited to announce a significant rebrand for the company, which sees the company's name changing from Blueberry Markets to Blueberry, alongside a new sophisticated look and feel. The rebrand marks a new era for the company as a new fully licensed and independent broker and reflects its ongoing commitment to providing a seamless experience to its global trading community. Dean Hyde, Chief Executive Officer at Blueberry, explains the new brand identity reflects the growing maturity of the business. "We've experienced rapid growth since Blueberry was established in 2016 and we're no longer in our infancy, we're an established global trading platform that's serviced over 50,000 traders worldwide. "As Blueberry evolves, our ethos remains clear: to provide the best trading environment in the market coupled with the exceptional customer experience that sets us apart," says Hyde.
Source:The North Africa Journal
November 14, 2024 07:01 UTC
Elevating energy and climate ambitions for Africa
Energy poverty, a burden disproportionately borne by Africans, remains a stark reality in the 21st century. Even esteemed organizations like the International Energy Agency (IEA), representing affluent OECD nations, paint a bleak picture for Africa's energy future. Envision a world where African nations attain energy use akin to that of the European Union, propelling global energy demand to unprecedented levels. The eradication of Africa’s energy poverty should be a central focus for global climate and energy policy makers. For without energy justice for Africa, the journey to net zero emissions will remain an incomplete odyssey—a promise unfulfilled, an injustice unresolved.
Source:The North Africa Journal
November 14, 2024 06:25 UTC
FAST channel wedotv big stories launches on EUTELSAT 7 West A for audiences across MENA
Global AVOD and FAST channel programmer and distributor wedotv is expanding the distribution of its flagship channel wedotv big stories to audiences across the Middle East and North Africa via the EUTELSAT 7 West A satellite, located at the region’s leading 7/8° West video neighbourhood. wedotv big stories brings audiences high-quality factual entertainment, documentaries and other programmes covering a wide range of subjects including nature, science and outdoor adventuring. Available free-to-air, wedotv big stories is referenced in Sat.tv, Eutelsat’s electronic programme guide. Viewers with a connected TV will also be able to watch the channel as IP stream via the HbbTV App. Find wedotv big stories at the following parameters:Satellite: EUTELSAT 7 West AOrbital position: 7° WestTransponder: C05Frequency: 11 295.97 MHzPolarization: HorizontalModulation: DVB-S2Symbol rate: 27500
Source:The North Africa Journal
November 14, 2024 06:20 UTC
CMA CGM PSS - Central America & the Caribbean to Europe & Med
| Nov 13 2024 at 10:17 AM | Maritime | Liner ShippingCMA CGM informs its customers of the following Peak Season Surcharge (PSS):From December 7th, 2024, loading date, until further notice:- Origin range: From West Coast Central America & Mexico West Coast, East Coast Central America & the Caribbean- Destination range: North Europe (including Scandinavia, Poland & Baltic), East Mediterranean, West Mediterranean, Black Sea & North Africa- Cargo: Dry only- Quantum: USD 200 per container
Source:The North Africa Journal
November 14, 2024 03:54 UTC
I’ll take this any day: That, we are a republic and a democracy
It is a weird and complicated modern history that got us here, and it is a history in which the vote has never been discussed. Since the 20th Century, the default mode of a modern nation-state is ‘republic,’ because that is considered the most legit. This default off-the-rack republic that we have adopted alongside our discount democracy is obviously imperfect. For all the faults I have listed above, the very fact that we are a republic and a democracy creates possibilities. I think that this is what Churchill really meant about there being nothing better than democracy yet.
Source:The North Africa Journal
November 14, 2024 00:01 UTC
Standard Bank partners with Volante Technologies to revolutionise payments modernisation across Africa – Intelligent CIO Africa
This enables Standard Bank to take a big step forward towards achieving their broader, long-term transformation strategy. Standard Bank executives on partnership with Volante TechnologiesAdopting Volante’s platform accelerates Standard Bank’s transition to ISO 20022 standards, benefiting both the bank and its clients. Standard Bank’s shift to Volante’s PaaS and Embedded Preprocessing solution directly addresses these challenges, improving overall client experience and operational performance. “We are proud to partner with Standard Bank and support its ambitious payment modernisation goals,” said Deepak Gupta, EVP Product, Engineering & Services at Volante Technologies. We look forward to working closely with Standard Bank as it continues to expand across the continent, bringing the strength and depth of our technology roadmap to both the bank and its customers.
Source:The North Africa Journal
November 13, 2024 22:38 UTC
Wavelynx expands into Middle East and North Africa with new office in Dubai
Wavelynx Technologies today announced the launch of its Middle East and North Africa (MENA) operations, appointing Vishal Khullar, Director of Business Development, as head of the region. "At Wavelynx, we're committed to providing our customers, including those in the MENA region, with tailored access control solutions," said Rob Lydic, President of Wavelynx Technologies. The MENA region is experiencing a surge in demand for access control systems due to growing urbanization. As cities expand and security concerns rise, access control systems are becoming essential for managing access in commercial settings. To deliver tailored solutions that meet the unique needs of the MENA region, Wavelynx is collaborating with leading partners, including ACRE, AMAG, Genetec, and Tyco/JCI.
Source:The North Africa Journal
November 13, 2024 21:36 UTC
From Veteran Friendly to Veteran Ready: Creating Opportunities and Building Partnerships for Military Talent
At International Paper, we are grateful for the sacrifices that our U.S. military veterans have made. As we move from being Veteran Friendly to Veteran Ready, our Employee Network Circle IP Vets is creating a corporate culture that promotes visibility, recruitment, retention and knowledge of veterans. In June 2023, IP Vets teamed up with IP Recruiting and American Corporate Partners to hold a LinkedIn Live recruiting lunch and learn. About International Paper - EMEAIn Europe, Middle East & Africa (EMEA), International Paper focuses on the production and marketing of fiber-based packaging and specialty pulp, employing approximately 4,400 people. Other products available from International Paper in the region include a variety of Kraft linerboard and other pulp products.
Source:The North Africa Journal
November 13, 2024 21:14 UTC
Libya-Tunisia: Tunisians pressure for resumption of cross-border trade – The North Africa Post
Several Tunisian traders protested outside the Bengardane municipality headquarters, located near the Libyan border in southern Tunisia, to voice their frustration over the ongoing suspension of their primary commercial activities. The protestors are angry about the tightening of goods movement by Libyan authorities, which has severely disrupted cross-border trade. He emphasized that the halt in trade, which began last March, has plunged many in Bengardane and other nearby towns into severe economic hardship. Since March, Libyan authorities have banned Tunisian travelers—particularly those driving cars—from transporting goods into Tunisia. This action is part of Libya’s broader campaign against smuggling, which has been detrimental to its own economy.
Source:The North Africa Journal
November 13, 2024 21:06 UTC
Algeria Invests $1 Billion in New Rail Coaches to Boost National Connectivity
Algeria’s National Company of Rail Transport (SNTF) is spearheading a major rail revitalization project, aiming for full connectivity for the country’s 47 million people by 2035. The project’s initial phase will see the acquisition of 400 train coaches at an estimated cost of $1.03 billion, according to SNTF’s transport manager, Sifian Aibash. Already, Algiers has issued an international tender for the supply of passenger rolling stock with specifications for electric trains equipped for use on a standard gauge railway. To support the initiative, Algeria has launched electrification projects to accommodate the installation of these trains. The North African country, which has over 5,000 kilometers of rail, also has plans to construct new lines like the Kenchela-Constantine connection to enhance travel efficiency, foster regional connectivity, and boost economic growth.
Source:The North Africa Journal
November 13, 2024 20:25 UTC