Economic news

Microsoft launches low-cost Internet in rural Kenya

Follow us on Twitter: @GoAfricaNetwork Microsoft is aiming to connect rural residents in Nanyuki, a market town in Laikipia County in central Kenya, with low-cost wireless Internet. The move aims to deliver affordable Internet service and connectivity to central Kenya as a means of providing service to under-served regions of the country. According to Microsoft: “The […]

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Cargo drones in Africa: Going the last mile?

Follow us on Twitter: @GoAfricaNetwork Drones are a controversial topic when it comes to national security. However cargo drones, with their potential applications for last mile delivery in remote areas and humanitarian emergency situations, are tipped to be an exciting area of innovation for Africa. But who is behind the push for cargo drones in

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Transaction banking is dead: Econet Wireless founder Says

Follow us on Twitter: @GoAfricaNetwork As the evolution of mobile banking continues to disrupt the financial services sector, the founder and executive chairman of privately held telecoms conglomerate Econet Wireless Group sounded the death knell for traditional transaction banking. “The transactional side of banking is gone,” Strive Masiyiwa tells This Is Africa on the side

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Nigeria: RLG inks manufacturing deal with Airtel

Follow us on Twitter: @GoAfricaNetwork According to a report via cp-africa.com, Airtel Nigeria has inked an agreement with device manufacturing firm, RLG. The deal will see RLG produce handsets for potential Airtel subscribers. The regional director of RLG in West and Central Africa, Tosin Ilesanmi, stated that the company will begin to produce handsets, tablets,

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Ghana sees 400K increase in mobile phone subscriptions

Follow us on Twitter: @GoAfricaNetwork Ghana’s mobile phone sector is booming. The country’s regulator NCA reported that the country’s mobile phone operators signed up some 400,000 subscribers during February, a sign that the sector is prime for a new round of promotions. The regulator said that the total number of customers has now reached 31.03

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Nigeria regulator says innovation key to telecom growth

Follow us on Twitter: @GoAfricaNetwork Innovation is key to Nigeria’s continued growth in the telecommunications sector, the country’s regulator said this week. The Nigerian Communications Commission (NCC), said in a report that the industry’s growth “was a result of innovation in the industry.” It comes after years of concerns over the sector, where users have

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Mining: GB Minerals plans first phosphates in Guinea Bissau by 2017

Follow us on Twitter: @GoAfricaNetwork Toronto-listed Canadian miner GB Minerals plans to invest $175 million to begin producing phosphates in Guinea Bissau in 2017, a first for the West African country, its chief executive said. Guinea Bissau is seeking to revive its economy after a military coup in 2012. The International Monetary Fund says it

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South Korean bank partners to support growing Africa ties

Follow us on Twitter: @GoAfricaNetwork Although it is the most talked about, China is not the only Asian economy looking to Africa – and bankers are moving to facilitate the flow of capital. A case in point: South Africa’s Standard Bank announced a partnership on 23 April with the largest bank in South Korea to

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Chinese rail firm signs $5.5 bn worth of deals in Africa

Follow us on Twitter: @GoAfricaNetwork China Railway Construction Corp Ltd (CRCC) has signed two deals worth a combined $5.5 billion for construction projects in Africa, Xinhua reported late on Monday, as the country’s railway firms increasingly flex their muscle overseas. CRCC’s China Civil Engineering Construction Corporation (CCECC) unit will work on a $3.5 billion intercity

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Young African American Men Experience Little Benefit from the Considerable Health Care Spending in the United States

follow us on twitter: @GoAfricaNetwork JAMA April 14, 2015 The Health of Young African American Men Deaths in Ferguson, Missouri; New York City; Sanford, Florida; and other areas have focused international attention on young African American men. In a recent campaign, young African American men draw attention to key overlooked facts that describe their demographic: 1

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