52 African countries are now connected to submarine cables, either directly or by terrestrial cross-border fibre optic networks. 44% of Africans live within a 25-km reach of a fibre node.
The key question now is which cities and suburbs are taking the lead in building access networks? In an attempt to answer this question theFTTH Council Africa, in collaboration with Africa Bandwidth Maps are undertaking research to determine network reach and identify Africa’s most connected cities.
Africa’s inventory of terrestrial transmission networks has more than doubled in the last five years. According to the latest research by Africa Bandwidth Maps, Africa’s total inventory of transmission network edges towards 1 million route kilometres, the continent had a total of 586,707-km of operational fibre optic network by December 2014. This comprises of long-haul, metropolitan and FTTH/B (fibre-to-the-home/building) terrestrial fibre optic networks. Read more →
Five men in dark business suits gathered before Maria Kiwanuka in a semicircle. They were international bankers and they had a pitch to make.
Ms. Kiwanuka, the finance minister of Uganda, was sitting up on a small riser, her bright pink and gold dress a sharp contrast to the men’s suits.
Bankers are jockeying for the next sovereign debt deal in Africa, a continent that foreign investors have long been wary of for its economic woes, rampant poverty and political instability. Now that narrative is changing, and one sub-Saharan nation after another is jumping into the debt market. Read more →
Ford Motor Co announced 17 new vehicles for Sub-Saharan Africa on Thursday, as carmakers jostle for position in one of the last major markets where potential growth remains largely untapped.
The models, among 25 to be introduced by 2016 in a broader product offensive across the Middle East and Africa, draw on the U.S. auto giant’s global vehicle architectures to offer more up-to-date features for markets such as South Africa.
Middle East and Africa is the final frontier for global automotive growth
Beijing — In July, nations known as the “BRICS,” Brazil, Russia, India, China and South Africa, announced the creation of a new, $100 billion development bank (NDB). The project is aimed at lending money to developing nations for investments, much like how the American and European-backed International Monetary Fund (IMF) and World Bank operate.
Liu Haifang, a professor at Peking University’s Center for African Studies, said the bank will provide developing countries with more options for financing.
Maputo — “Your granary will never be filled by your neighbour.” This is a Mozambican saying that was used by Graca Michel, member of International Panel of Elders and a former Mozambican minister of education, to illustrate the point that Africa cannot rely on outside help to achieve food security. Read more →
E-commerce in Africa is set to receive a boost as United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills. The online payment platform has been enabled in all the 19 countries where UBA has operations.