South Africa's Central Bank Wins Award for its Ethereum Payments Blockchain

South Africa's Central Bank Wins Award for its Ethereum Payments Blockchain

Central Banking, a global central banking forum, has bestowed its FinTech & RegTech Award for Best Distributed Ledger Initiative to South Africa’s central bank for its successful Project Khokha, which successfully used an Ethereum blockchain platform to process interbank payments and settlements. The test demonstrated that distributed ledger technology (DLT) can enable digital as opposed […]

Ethiopian royalty celebrate 2018 Africa Fest

Ethiopian royalty celebrate 2018 Africa Fest

More from Northern Virginia ALEXANDRIA, Va. – About 12,000 African immigrants reside in the Northern Virginia area, and Saturday those cultures blended at the 2018 Africa Fest in Alexandria. The fest kicked off with a traditional Ethiopian coffee ceremony, which included the Ethiopian prince and princess. The ceremony marked the Ethiopian New Year which takes […]

Crypto Exchange Giant Binance Outlines Plans to Expand in Africa

Crypto Exchange Giant Binance Outlines Plans to Expand in Africa

Binance Labs Director Benjamin Rameau has stated that Africa is front and center of the company’s expansion strategy as it bets on a vision of the 21st century driven by the world’s youngest population gaining increased access to technology and opportunities. In June, CCN reported that Binance began actualizing its African expansion strategy when it […]

Australia vs South Africa

Australia vs South Africa

Michael Cheika will be hoping to get one over Rassie Erasmus on Saturday The Springboks head to Suncorp Stadium to take on the Wallabies this Saturday in the Rugby Championship, live on Sky Sports Action from 10.30am. Both sides are in urgent need of a win, Australia having lost their June series to Ireland and […]

African countries want more “win” from the win-win, but China isn't quite ready

African countries want more “win” from the win-win, but China isn't quite ready

Tea is Kenya’s biggest export earner, topping tourism and coffee. But ask any Chinese person what they know Kenya for, and they’ll say elephants or marathon runners. Why? Despite being the largest consumer of tea in the world, China ranks 29th in terms of Kenya’s tea export destinations. Indeed, more broadly, although China has been […]

Bill Gates Describes Ways China Can Help Africa Progress In Health, Agriculture In People's Daily Op-Ed

Bill Gates Describes Ways China Can Help Africa Progress In Health, Agriculture In People's Daily Op-Ed

Bill Gates Describes Ways China Can Help Africa Progress In Health, Agriculture In People’s Daily Op-Ed Sep 06, 2018 Abacus: Bill Gates urges Africa to learn from China in People’s Daily op-ed“People’s Daily, the main mouthpiece of China’s ruling Communist Party, has a special columnist. Microsoft founder-turned-philanthropist Bill Gates wrote an article published in Chinese on […]

Deforestation Is Happening in Southern Africa Much Faster Than Previously Thought

Deforestation Is Happening in Southern Africa Much Faster Than Previously Thought

Wooded savanna in Malawi. (Photo: Thomas Wagner, Environmental and Agricultural Consulting and Research/Wikimedia Commons) Deforestation rates in southern Africa’s woodlands are five times higher than prior estimates, according to recent research published in early August. More deforestation, combined with widespread degradation of these savannas, translates to three to six times the loss of carbon as […]

Microinsurance in Africa moves to 2.0

Microinsurance in Africa moves to 2.0

A man counts Somali shilling notes. Photo by: AU / UN IST Photo / Stuart Price NAIROBI, Kenya — In sub-Saharan Africa, excluding South Africa, total insurance penetration remains low — around 1 percent of gross domestic product per capita, far from the 5 percent level observed in Asia. Experts agree that increased insurance penetration […]

Expanding its internet service to more countries in Africa, Tizeti raises $3 million

Expanding its internet service to more countries in Africa, Tizeti raises $3 million

Tizeti, the Nigerian internet service provider behind the brand Wifi.com.ng, has raised $3 million in a new round of funding as it expands its unlimited internet service into Ghana. The new financing was led by 4DX Ventures, a new, Africa-focused fund that’s been deploying capital at an incredibly fast clip since its launch earlier this year. […]

Can renewables meet their potential in Africa?

Can renewables meet their potential in Africa?

Africa is a huge continent, consisting of 54 countries that are home to 17% of the world’s population. However, it has long struggled with providing a reliable and wide-reaching electricity network. While this varies widely from country to country, it is true of most rural areas, particularly in sub-Saharan Africa. Recent estimates suggest that there […]