Airtel Malawi plc intends to apply for admission to the stock exchange

Airtel Malawi plc intends to apply for admission of its ordinary shares to trading on the main market of Malawi Stock Exchange

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced the intention to undertake an initial public offering of its local business, Airtel Malawi plc. Airtel Malawi plc intends to apply for admission of its ordinary shares to trading on the main market of Malawi Stock Exchange. The indicative price range in respect of the Offer, as well as the exact number of Shares to be sold in the Offer, will be determined in due course. The Subsidiary will…

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Increased access pushes for mobile penetration

MTN Rwanda

Increased access to mobile network signals and exciting product offers by operators continue to drive consumers to own more than one SIM card to take advantage of the diverse services, a report by the Communications Authority of Kenya (CA) shows. The Sector Statistics Report covering July-September 2019 shows mobile subscriptions are on the upward trajectory standing at 53.2 million, and in effect, pushing the mobile penetration in the country to 11.2 per cent. In the recent years, the Authority has also continued to put in place interventions to enhance access…

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Facebook released its 2019 year in review


Facebook has released its ‘2019 Year in Review’ info-graphic, showcasing just some of its investments across Sub-Saharan in 2019.  Committed to giving people the power to build community and bring the world closer together, throughout the year this translated into significant support and investments into growing the ecosystem of developers, entrepreneurs, creatives, and many other communities. During 2019, Facebook Africa: Trained over 7,000 woman-owned businesses in digital skills across sub Saharan Africa; Celebrated 79 Community Leadership Circle meetups with over 2 ,650 people attending; Reached its 45th Developer Circle, with…

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Afrikamart Agritech startup aims to be largest African fresh food supplier without owning any farm

Afrikamart Agritech startup aims to be largest African fresh food supplier without owning any farm

Senegalese Agritech startup Afrikamart aims to be the largest quality fresh food supplier in West Africa. The company aims to become the largest quality fresh food supplier in Africa without owning any farm. ITBusinessDirect spoke to Mignane Diouf its Directeur Général, here is our  conversation, In your own words, describe Afrikamart? Afrikamart is an outsourced digital purchase department providing solutions for its customers to help them source good quality fruits and vegetables in their local area or internationally. We leverage on digital to connect the different stakeholders on the value chain,…

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Paxful and Binance partner to provide financial inclusion


Binance has announced a partnership deal with Paxful, to provide financial inclusion around the globe. Starting immediately, Paxful- a peer-to-peer bitcoin (BTC) marketplace and web-based Virtual Bitcoin Kiosk – will be integrated and directly available on the Binance platform for new and existing Binance users. Binance is a leading global cryptocurrency exchange by trading volume and users. “Paxful is proud to be partnering with Binance in our joint efforts to bring bitcoin to the masses,” said Ray Youssef, CEO and co-founder of Paxful. “They share our passion and vision for the…

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Atlancis Technologies Launches free iLearn content


Atlancis Technologies has provided free tranches of the iLearn e-learning content being rolled out by KICD into more than 20,000 state primary schools, in a move to accelerate the digitisation of Kenya’s private primary schools. The company, which was this month named a Top 100 company for innovation, has created the only Kenyan digital content produced for the Competency Based Curriculum (CBC) by Kenyan teachers, as part of its strategy of populating its Kenyan cloud platform with transformatory local content. “It was an honour to be selected by Kenya Institute…

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Microsoft 4Afrika pledges its support to farmers


Microsoft, through its 4Afrika Initiative has pledged support to the One Million Farmers Platform through disruptive agricultural technologies. As part of the partnership, Microsoft will be providing technical and business support to 14 Kenyan innovators selected to build technology solutions for the platform, a World Bank initiative, that aims to improve the productivity, profitability and resilience of one million African farmers. “Agriculture is a priority area of investment for us, not only because of the enormous number of livelihoods it supports and the economic growth it drives, but also because it…

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African Book Publishers encouraged to use technology


Kenyan and African book publishers have been challenged to embrace technology to appeal to younger audiences and also reduce their reliance on paper. This, together with the use of recycled paper, would save the environment in the wake of depleted forest cover and also reduce the impact of climate change. “Africa has the youngest population,” said Jubilee Insurance Company of Kenya Chief Executive Julius Kipngetich, emphasizing that the geographical size and the demographic distribution of the continent’s population have set the stage for it to become a global leader considering…

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New off-grid and mini-grid technologies to extend energy


Investing in new off-grid and mini-grid technologies to extend energy access across Africa will be instrumental in helping smallholder farmers to meet rising food demand, according to a new report. Africa accounts for just six per cent of the world’s  demand, despite hosting 20 per cent of the global population, leaving rural areas relying on manpower for as much as 80 per cent of the energy used in farming.  In Energized: Policy innovation to power the transformation of Africa’s agriculture and food system, experts from the Malabo Montpellier Panel highlighted opportunities…

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The Internet and Mobile taking over the delivery space


For the longest time, restaurants held takeaways as an afterthought. Well, not anymore. The food catering business has gone past the takeout era and has evolved so much that delivery has become the hot trend in Kenya. The great digital revolution, burgeoning e-commerce and the convenience of mobile money which allows buyers to pay for their deliveries right off their phones, has spurred a whole new industry that is today the food delivery market. And Kenyans, enticed by the convenience of ordering online from their favorite local restaurants and having…

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