Kenyans’ use of mobile money jumps 20% in 2021

KENYA – Kenyans made 1.9 trillion mobile money transactions in the first 11 months of 2021, worth more than US$55 billion. The Central Bank of Kenya (CBK) said that transactions in the first 11 months of 2021 were 20% up on the whole of 2020. The surge in transactions came despite the government removing COVID-19 subsidies at the start of…

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African startups raise US$4bn in 2021 with fintechs representing 62% of the funds

AFRICA – African startups raised US$4.65 billion in disclosed funding in 2021; 62 per cent of which went to fintechs African startups last year raised US$4.65 billion in disclosed funding rounds, according to the latest Africa Investment Report. According to the report, the amount raised is twice as much as the total volume that was raised by African startups in…

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5G subscriptions in Sub-Saharan Africa to reach 70 million by 2026 – Ericsson

SSA – Ericsson, a Swedish multinational networking and telecommunications company projects that 5G mobile subscriptions will hit 70 Million in Sub-Sahara Africa by 2026. The forecast, which features in the latest Ericsson Mobility Report, confirms the expectation that 5G will become the fastest adopted mobile generation and is expected to surpass a billion subscriptions two years ahead of the 4G LTE…

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Emerson releases its 2020 Environmental, Social and Governance Report

GLOBAL – Emerson, a multinational corporation, has announced the publication of its 2020 Environmental, Social and Governance (ESG) Report highlighting how the company develops and delivers technologies, software and services to enable greater sustainability, efficiency and safety for essential industries while supporting communities worldwide. Within the new report, Emerson shared its goal to double representation of women globally and U.S.…

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Sub-Saharan Africa records 2.4% economic decline, worst recession in 60 years – World Bank

SSA – The economic output of economies in Sub-Sahara Africa declined by 2.4% in 2020 due to the COVID-19 pandemic, the region’s first economic contraction in a generation and the deepest recession since the 1960s, latest World Bank reports indicates.  However, the recession was milder than previously projected as the virus spread more slowly than anticipated and agricultural activity was…

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E-commerce booms in South Africa, Nigeria and Kenya – Visa

SSA – Report by global payments solution company Visa, shows that over the last three years, South Africa, Nigeria and Kenya have maintained their positions as the top three market contributors to e-commerce in the Sub-Saharan Africa region. In 2020, West African nation Ghana also broke ground, tied in third place with Kenya. The report dubbed “E-commerce developments across Sub-Saharan…

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Africa’s aviation sector recorded US$10b loss in 2020 on dwindling passenger numbers – AFRAA

AFRICA – The aviation industry in Africa recorded a passenger revenue loss of about US$10.21 billion for the year 2020, with passenger numbers dropping from 95 million in 2019 to 34.7 million in 2020, representing a year-on-year decline of 63.7 percent. The African Airlines Association (AFRAA) published its impact assessment analysis in June 2021, giving an in-depth analysis of the…

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Africa data center market to reach US$5b by 2026 – Research and Markets

AFRICA – The Africa data center market size by investment was valued at US$2 billion in 2020 and is expected to reach US$5 billion by 2026, growing at a compounded annual growth rate of 15% during 2021-2026, a report by Research and Markets indicates. The data center market expects to observe growth because of the flurry of factors – renewable…

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Aviation traffic in Africa sank 73.7% in March 2021 – IATA

AFRICA – The International Air Traffic Association (IATA) has announced that passenger traffic fell in March 2021 compared to pre-COVID 19 levels in March 2019 but rose compared to the immediate month prior to February 2021. The comparisons were done that way because between 2021 and 2020, monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted…

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Perseus Mining Ltd releases its CY20 Sustainable Development Report and future plans

WEST AFRICA – Perseus Mining Limited, a gold producer, developer and explorer, has released its CY20 Sustainable Development Report that details the company’s progress over the past 12 months. The company has recorded great progress in its 2020 sustainability report as it moves forward in delivering sustainable gold production of 500,000 ounces per annum by financial year 2022. It reports…

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