Unlocking Africa’s Trade Potential at Biashara Africa 2024

KIGALI, Rwanda, October 15, 2024/ — The African Development Bank supported the Biashara Africa 2024 Business Forum ( AfCFTA ) Business Forum, held from 9 to 11 October 2024 in Kigali, Rwanda. The forum, organized by the African Continental Free Trade Area (AfCFTA), brought together industry leaders, policymakers and government representatives to promote African trade…

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Madagascar Secures $67.3M Loan for Economic Growth

The loan from the African Development Fund, the Bank Group’s concessional financing window, includes funding from the Transition Support Facility. ABIDJAN, Ivory Coast…, The Board of Directors of the African Development Bank Group approved a loan of $67.3 million to Madagascar. The loan will implement the first phase of its economic growth-inducing Financial Management and…

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M-KOPA reaches 5 million customers, unlocking $1.5bn in credit across five markets.

The 2024 Annual Impact Report reveals how M-KOPA deepens digital and financial inclusion across Africa. NEW YORK, United States of America, September 24, 2024/ — M-KOPA, a leading emerging market fintech, announced a major milestone. It has surpassed 5 million customers, who are located in Kenya, Uganda, Nigeria, Ghana, and South Africa. Two million customers…

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Explore New IBM-Microsoft Experience Zones for Business Innovation

ARMONK, N.Y., Sept. 19, 2024 /CNW/ — IBM (NYSE: IBM) and Microsoft announced the official opening of three new IBM-Microsoft Experience Zones within IBM’s Client Innovation Centers. These Experience Zones are designed to help global clients across various industries. These include financial services, government, healthcare, industrial, manufacturing, and consumer packaged goods (CPG). They aim to…

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35-Year-Old New CEO Damola Adamolekun Promises Better Service

Red Lobster is now owned by RL Investor Holdings LLC, an affiliate of Fortress Investment Group and the chain’s major creditors. In the wake of this ownership shift, Damola Adamolekun, a Nigerian native and seasoned industry leader, has been appointed CEO. Adamolekun previously held the top position at P.F. Chang’s from 2020 to 2023, where…

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2024 MSMEs Day: 7 out of 10 jobs in emerging markets are generated by SMEs 

Today, June 27th, marks International Micro, Small, and Medium-sized Enterprises (MSMEs) Day, a global celebration highlighting the vital role of enterprises in sustainable development and economic growth worldwide. This year’s theme focuses on leveraging the Power and Resilience of Micro, Small, and Medium-sized Enterprises to Accelerate SDGs and Eradicate Poverty in Times of Multiple Crises…

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Dubai World Trade Centre Drives Impact as Economic Output Surges to US$4.98 Billion in 2023, up 40% YoY

Dubai World Trade Centre (DWTC) has reaffirmed its pivotal role in driving Dubai’s economy with a remarkable surge in economic output in 2023. Hosting 301 events and attracting 2.47 million participants, including 1.54 million from overseas, DWTC’s impact on adjacent industries such as Travel, Accommodation, and Retail was substantial. The 2023 Economic Impact Assessment (EIA)…

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Kaohsiung Smart City Summit and Exhibition 2024 presents the latest digital and zero-transformation technologies

The 2024 Kaohsiung Smart City Summit & Expo concluded with great success, drawing over 40,000 visitors and featuring 150 exhibitors, 550 booths, and 6 main conferences. Kaohsiung aims to seize new smart city opportunities, with a focus on sustainable net-zero transformation and public-private partnerships. Mayor Chen Chi-mai highlighted the city’s commitment to digital transformation and collaborating with international urban cooperation entities.

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AT&T Responds to Data Breach Concerns from Dark Web Release

AT&T is responding to a data set release on the dark web by launching an investigation. The company confirms that specific data fields were included and estimates around 7.6 million current and 65.4 million former account holders were affected. AT&T reassures customers of its commitment to data security and plans to enhance cybersecurity measures.

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United becomes first airline to add new larger air tanks to Embraer E175

United Airlines introduces larger air tanks on Skywest – the Embraer E175 aircraft, offering 80% more space. This initiative aims to enhance passenger comfort and operational efficiency by reducing the need for gate-checking carry-on bags. United plans to implement these improvements on 150 aircraft by 2026, reflecting their commitment to innovation and customer satisfaction.

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