Lagos is Africas largest city with about 21mn resident. (Image source: Clara Sanchiz/Flickr)
The UKs Department for International Development said LED-maker Low Energy Designs Limited will install about 40,000 LED streetlights in Lagos over the next four years
SunTrust Bank Nigeria opened the countrys first branchless bank in 2016. (Image source: Adobe Stock)
SunTrust Bank Nigeria was granted the ISO/IEC 20071:2013 and Payment card industry data security standard (PCIDSS) certifications for its standards on data security
The ISO/IEC 20071:2013 certification was granted by the Professional Evaluation and Certification Board (PECB) Canada while the PCIDSS certification was given by African consulting firm Digital Jewels.
The banks certifications show its strength in the area of information security.
African banks, spurred by the runaway success of payment servicem-pesa, have been scrambling to gain market share as an increasing number of Africans turn online for smaller payments.
Africas growing population and economy, boosted by income levels, has encouraged banks to expand their reach through low-cost methods such as digital banking in a continent which is still underbanked.
SunTrust opened Nigerias first branchless bank two years ago.
Boost for German-Tanzanian business and investment ties. (Image source: Embassy of the Federal Republic of Germany)
The Association of German Chambers of Commerce and Industry (DIHK) has officially opened an office in Dar es Salaam under the name of ‘AHK Services Eastern Africa Ltd,” to promote and facilitate business relations between Germany and Tanzania
Africa is on the rise of expanding business opportunities. (Image source: Julien Harneis/Flickr)
Despite a challenging environment, with public debt approaching critical levels in some African countries and concerns over excessive reliance on oil, African businesses are expanding, said PricewaterhouseCoopers (PwC), the UK-based multinational professional services network
The digital banking services are expected to expand in Africa and Latin America with this agreement. (Image source: lau rey/Flickr)
German online bank Fidor has signed a MoU with International Finance Corporation (IFC), a member of the World Bank Group, a move that is seen to expand digital banking opportunities across Africa and Latin America
Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)
The Carmix 3.5TT is renowned for its robust performance in concrete mixing. (Image source: Carmix)
The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
The signing ceremony took place during the 28th Cairo ICT Exhibition and Conference. (Image source: Cassava)
All six of the new cranes will be delivered during November and December 2024. (Image source: Condra)
The solution provides the accuracy and speed needed to isolate unstable batteries before they become a safety risk. (Image source: Brady)
COP29 concluded with the Baku Finance Goal agreement. (Image source: UNFCCC)
The Lintec CSD2500B ensures uninterrupted operations, and its modular construction delivers cost efficiencies and easy installation. (Image source: Lintec & Linnhoff)
