Here’s why Africa is the world leader in digital and mobile banking
The rise of mobile and digital banking has helped millions of Africans gain access to finance in areas where traditional banking networks don’t reach. The rise of mobile banking in AfricaMobile banking in Africa started as a facility for transferring airtime between mobile accounts. Today, 48% of Africa’s population uses banking services, according to the African Digital Banking Transformation Report 2023. Mobile banking put Sub-Saharan Africa in the leadIn Africa and many other developing markets, most digital banking takes the form of mobile banking. The GSM Association, which represents mobile network operators worldwide, ranks Sub-Saharan Africa as the world leader in mobile banking in terms of live services, subscribers and transactions.
Source:The North Africa Journal
November 22, 2023 11:47 UTC
Canon achieves Science Based Targets initiative’s (SBTi) seal of approval on emission reduction targets
Canon’s (www.Canon-Europe.com) CO2 emission reduction targets have been externally validated by the Science Based Targets initiative (SBTi) as being in accordance with the 1.5 °C Paris Agreement. The Canon Group Science Based Targets have been verified by the SBTi. Separately to the SBTi targets, Canon continues to reduce its product lifecycle CO2 emissions per product by 3% year on year. SBTi is an international initiative that encourages companies to set greenhouse gas emission reduction targets based on climate science. Further information about Canon Europe is available at: www.Canon-Europe.com.
Source:The North Africa Journal
November 22, 2023 10:25 UTC
The Chinese Firm that’s Dominating Africa’s Phone Market
Transsion does not have a very dominant presence in Europe or North America. It’s not even a household name in its own country. The Chinese company, which sells phones under the Tecno, Itel, and Infinix brands, has quietly climbed to the fifth spot in the global market, according to Canalys, IDC, and Omdia. Transsion’s dominance is especially evident in Africa, where it sells more phones than Samsung and Xiaomi combined and holds a whopping 48% market share, according to Canalysis. SOURCE: VENTURES AFRICA
Source:The North Africa Journal
November 22, 2023 10:06 UTC
Egyptian e-commerce startup WayUp raises seed round of funding
Egypt’s WayUp Sports, an e-commerce platform specialised in performance-based sports gear, has secured a seed round of funding to help it expand regionally, launching a private brand, and enhance user experience over its application and website. The startup’s undisclosed seed round was led by Beltone Venture Capital, Index Sports Fund, and other strategic angel investors. WayUp Sports will use the funding to aid its regional expansion, launch a private WayUp Sports brand, and continue enhancing user experience. “This seed round is a significant milestone for WayUp Sports that will support the growth of the company to meet the rising demand and potential in the local and regional market. With its ambitious expansion plans set in place, WayUp Sports company is well positioned to become the leading platform in the region,” he said.
Source:The North Africa Journal
November 22, 2023 08:39 UTC
Luciferase Assays Market Poised to Surpass US$ 3 Billion by 2032-FMI Study
The luciferase assays market is divided geographically into seven regions: Asia-Pacific (excluding Japan), Eastern Europe, Western Europe, North America, Latin America, Middle East & Africa, and Eastern Europe. Businesses are trying to look into the possibilities of the luciferase assay market in economically developing regions such as Asia Pacific, where they are concentrating their resources. Get a Sample Copy of the Report:https://www.futuremarketinsights.com/reports/sample/rep-gb-5565Luciferase Assays Market: Drivers and RestraintsThe market for luciferase assay is expected to upsurge owing to its penetrating usage in research to study the gene expression. Luciferase Assays Market: Key Market ParticipantsSome of the luciferase assays market participants are Life Technologies, Sigma Aldrich, Thermo Fisher, Promega, Clontech, Invivogen, Roche Applied Sciences, Switchgear Genomics, Origene, Perkin Elmer, EMD Millipore, Clontech, Gold Biotechnology, Lonza and GE Healthcare Life Sciences. New product launch, collaborations and acquisitions are few of the strategies the luciferase assays market players undertake.
Source:The North Africa Journal
November 22, 2023 07:48 UTC
Global Reverse Transcriptase Enzymes Market might potentially achieve US$ 481.8 Million by 2032, driven by a 3.4% CAGR, according to estimates | FMI
Reverse Transcriptase Enzymes MarketThe global reverse transcriptase enzymes market is expected to reach US$ 335.0 Million in 2022. By 2032, the market for reverse transcriptase enzymes is anticipated to reach US$ 481.8 Million with a CAGR of 3.4%. After that, it looked at the main market factors in the world, including, among other things, the growth rate and prediction for the Reverse Transcriptase Enzymes market. https://www.futuremarketinsights.com/askus/rep-gb-5496Key Takeaways:The global reverse transcriptase enzymes market is expected to reach US$ 481.8 million by 2032, growing at a CAGR of 3.4% from 2022 to 2032. The market is driven by the increasing demand for reverse transcriptase enzymes in molecular biology research and diagnostics.
Source:The North Africa Journal
November 22, 2023 07:34 UTC
Market developments and potential of Africa's electricity grids
Rodrigo Bianchi, Commercial Director at Balestro, spoke to ESI Africa at Enlit Africa about bringing their Brazilian distribution and transmission line products to Africa’s electricity grids. He believes the biggest strength of Africa is the potential for the continent to grow its electricity grids. Find out more about manufacturer Balestro.
Source:The North Africa Journal
November 22, 2023 06:37 UTC
Morocco : Mohamed Benchaâboun walks a tightrope as head of royal fund
Africa Intelligence uses cookies to provide reliable and secure features, measure and analyse website traffic and provide support to the website users. Apart from those essential for the proper operation of the website, you can choose which cookies you accept to have stored on your device. Either “Accept and close” to agree to all cookies or go to “Manage cookies” to review your options. You can change these settings at any time by going to our Cookie management page.
Source:The North Africa Journal
November 22, 2023 05:49 UTC
LONGi and Powernsun Renew Collaboration at The Solar Show KSA 2023
LONGi and Powernsun have reaffirmed their commitment to advancing the energy transition in the Middle East and North Africa through a renewed collaboration. On October 31, 2023, in Riyadh, the companies formalized their partnership by signing a memorandum of understanding. This agreement solidifies their joint efforts in delivering cutting-edge photovoltaic panel technologies to the Middle East market. The signing ceremony took place during the Solar Show & Future Energy Show KSA, a prominent event held in Saudi Arabia. The collaborative initiative underscores their shared dedication to contributing to the region’s sustainable energy landscape, further positioning LONGi and Powernsun as key players in the promotion and distribution of PV modules in the Middle East.
Source:The North Africa Journal
November 22, 2023 01:54 UTC
North Korea Claims Satellite Win After Two Failures
And also, North Korea has trouble tracking these things on the ground. South Korea actually fished out North Korea's first attempted spy satellite after it crashed into the ocean. So what do we expect next from North Korea? And for North Korea, they made it very clear what they're trying to do next is put more satellites into orbit. And there's just been very little the West has been able to do to rein in North Korea.
Source:The North Africa Journal
November 22, 2023 01:21 UTC
VeryPay is Transforming African Value Chains with its E-Wallet Companion Solution
The VeryPay e-wallet companion solution is redefining financial ecosystems across many sectors such as retail, agriculture, transportation, and education. These sectors are long overdue for a digital uplift that fosters financial inclusion and drives economic growth across the continent. It creates a digital financial footprint for users who were previously invisible to the formal financial system. Farmers, armed with VeryPay payment tokens, can effortlessly purchase crucial supplies like seeds and fertilisers. It’s a perfect blend of technology and financial inclusion, making sure every farmer is part of a dynamic, inclusive financial ecosystem.
Source:The North Africa Journal
November 21, 2023 22:00 UTC
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3FDBHPRNW5PKRAKDB3MBEGSBK4.jpg)
Binance's Zhao says Richard Teng to become next CEO
Space category · November 22, 2023 · 3:51 AM UTCNorth Korea launched a rocket late on Tuesday carrying what it called a reconnaissance satellite, prompting South Korea to suspend a key part of a military pact it had signed in 2018 with Pyongyang to de-escalate tensions on the Korean peninsula.
Source:The North Africa Journal
November 21, 2023 21:20 UTC
Victony Assembles The Avengers of Afrobeats On New Single "Ohema"
Afrobeats rising star Victony, with a remarkable career tally of almost a billion streams, continues to dominate the music landscape in 2023. Victony unveils his new release titled "Ohema," an opulent amalgamation of artistic brilliance and collaborative finesse that underscores Victony's prodigious talent. Victony's ingenuity shines through as he orchestrates a symphony of voices, celebrating 'Ohema' as a metaphorical embodiment of Afrobeats reigning supreme in the hearts of all. More than just a song, "Ohema" is a jubilant celebration of artistic collaboration, a testament to the vibrant spirit of the Nigerian music scene. As a prelude to what lies ahead, Victony's "Ohema" paves the way for his much-anticipated collaboration with Post Malone and Swae Lee, scheduled for release in the first quarter of 2024.
Source:The North Africa Journal
November 21, 2023 18:25 UTC