Nairobi — Kenyan businesses trading with other African markets could cut cross-border payment costs and reduce their reliance on foreign currencies as the Pan-African Payment and Settlement System (PAPSS) expands its network across the continent. The payment infrastructure, which enables businesses to send and receive money directly in participating African currencies, is seeking to address…
Bob Group, the company behind online marketplace Bob Shop, has told customers to treat their card details as exposed after an attacker breached its systems and copied encrypted card numbers along with the key needed to decrypt them. In a notice emailed to customers on Thursday and seen by TechCentral, the company said an “unauthorised…
Dar es Salaam — THE World Bank International Monetary Fund (IMF) reforms to the Debt Sustainability Framework for Low-Income Countries offer African governments an opportunity to strengthen debt management while protecting resources needed for development and job creation. The reforms come at a critical time, as governments balance the need to finance infrastructure, industrialisation, climate…
Former President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has urged African leaders to prioritise investment in education, healthcare, skills development, technology and entrepreneurship to unlock the economic potential of the continent’s growing youth population. Adesina said Africa’s demographic growth would become an economic advantage only if young people acquired the knowledge, skills,…
Nairobi — The United Nations Industrial Development Organization (UNIDO) and Kenya Climate Ventures (KCV) have launched a partnership aimed at unlocking more domestic and international capital for climate adaptation and resilience businesses across Sub-Saharan Africa. The two institutions signed a Joint Declaration at the Adaptation Investment Summit for Africa 2026 in Nairobi, creating a framework…
Reunert group CEO Anthonie de Beer. (Image supplied) Reunert Group is investing in artificial intelligence (AI) across its 17 business units, as the JSE-listed technology group pursues new business growth, to ultimately increase revenue. Speaking during a panel discussion on Reunert’s AI deployment at the recent IQbusiness Geshidocon 2026 conference, Reunert group CEO Anthonie de…
She said Africa needs to move land restoration from the aid column into the investment column by developing bankable landscape programmes, strengthening land tenure, deploying risk-sharing instruments and ensuring that farmers and pastoralists benefit from carbon and other emerging environmental markets. As negotiations continue at the 17th session of the United Nations Convention to Combat…
Agriculture is the foundation for Africa’s economic takeoff, but without land tenure reform, its potential will remain untapped. Africa’s quality of governance has largely stagnated or declined over the past decade, as reflected in the World Bank’s Governance Effectiveness Index, Afrobarometer surveys across countries and the Ibrahim Index of African Governance. Africa’s youthful population is…
When governments unveil annual budgets, headlines focus on the big numbers: spending, growth and tax collection. But sometimes the real story sits quietly in the technical annexes. Tanzania’s 2026/27 budget, due to take effect from July, includes plans for 6.3%GDP growth and the biggest spending plan in the country’s history while narrowing the deficit. Yet…
MTN celebrates 80 graduates from the Western Cape who completed its Digital Skills for Digital Jobs programme. (Image source: MTN South Africa’s Facebook page) MTN South Africa says 80 unemployed young people have graduated from its Digital Skills for Digital Jobs (DS4DJ) programme in the Western Cape. The participants earned accredited qualifications in data analytics,…
