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August 16, 2018

1

Microlending app OKash introduces face recognition security system

OKash, the microlending app developed by OPay has introduced a face recognition system for its customers. The new system, according to Okash has been built to protect the identity of any Okash borrower from potential third-party fraud.

“We are very happy to be the first financial technology app in the country to innovate and establish such a security system,” said Edward Ndichu, Managing Director of OKash in Kenya. “Within financial"...

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August 16, 2018

2

Clothing best performing retail sector in June, report

South African retail sales for June 2018 grew by 2.9 percent year-on-year excluding the effects of inflation, marking the weakest pace of growth since October 2017.

This is according to the Mastercard SpendingPulse June 2018 report, which provides a macro-economic analysis of retail spending trends in South Africa.

June’s retail sales volume was slightly below the three"...

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August 16, 2018

3

Rwanda signs aviation safety MOU

The Rwandan CAA and IATA have agreed to cooperate on safety, as part of a wider African drive to get all airlines on the IATA Operational Safety Audit (IOSA) register. Under the 2015 Abuja Declaration, African governments committed to recognize IOSA as a safety standard and get all of the continents’ airlines IOSA-registered by 2020. On Aug. 14, IATA said it has signed an MOU with the Rwandan CAA, which will further develop Rwanda’s safety oversight program. “Rwanda, when this MOU is implemented, will be the second African state after Zimbabwe to fulfill this commitment,” IATA said. IOSA was established in 2003 as an airline-safety benchmark, which is now held by 440 airlines—including 34 African airlines. IOSA certification is required to become an IATA member airline. “We hope that our work together will be an inspiration to other African governments......

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August 16, 2018

4

AECF invests $1.6 million in Kazang Solar

Kazang Solar, Azuri Technologies’ official distribution partner in Zambia, has been awarded $1.6 million from the Africa Enterprise Challenge Fund (AECF) under its Renewable Energy and Climate Adaptation Technologies (REACT) window.

Azuri is a leading commercial provider of pay-as-you-go solar home systems to off-grid homes in Africa and has been working with Kazang in Zambia since 2016.

The"...

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August 16, 2018

5

Sendy targets SMEs with a 33% price cut on deliveries

Kenyan based delivery platform Sendy has reduced prices of pickup, van and truck deliveries by up to 33%. According to the company, the price cut is aimed at bringing more small and medium businesses to do deliveries through the Sendy platform.

Sendy Founder and CEO Meshack Alloys said in a press statement that the decision to reduce prices for these vehicle categories was in a move to increase deliveries for Pickup, Vans, and Trucks while creating"...

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August 16, 2018

6

ExecuJet to operate first Pilatus PC-24 jet in Africa

ExecuJet, part of the Luxaviation Group, has announced that it will be the first business aviation company to operate and manage a Pilatus PC-24 Super Versatile Jet in Africa.

The aircraft will be based in South Africa at Cape Town International Airport and ExecuJet will be responsible for its day-to-day management and operations on behalf of the aircraft owner.

The PC-24, developed"...

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August 16, 2018

7

Social Venture Challenge unveils emerging African social entrepreneurs

Fifteen teams of a total of 32 emerging African social entrepreneurs have been selected as winners of the 2018 Resolution Social Venture Challenge.

A total of thirty teams of Mastercard Foundation Scholars gathered in Kigali, Rwanda to compete in the Resolution Social Venture Challenge, for a fellowship that includes seed funding, mentorship, and access to a network of young global changemakers to pursue impactful projects in their communities.

"...

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August 16, 2018

8

Half of Sub-Saharan Africa will be connected to mobile by 2025

In much of Sub-saharan Africa, mobile phones are more common than access to even things like electricity. A decade after these devices began to spread in Africa, they have become very common even in the continent’s poorest countries.

Mobile phones have become pivotal platforms for digital and financial inclusion, in particular for millions of people in underserved communities, complementing efforts of governments and private sector partners.

"...

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August 16, 2018

9

Algeria's Sidi Rezine refinery to restart production at start of 2019 - official

The Sidi Rezine refinery in the Algerian capital Algiers will come back online at the beginning of 2019 with an estimated output of 3.6 million tonnes of refined products, a senior official at state energy company Sonatrach told Reuters on Wednesday.

Sidi Rezine has been upgraded and was previously producing 2.7 million tonnes out of Algeria’s total annual production of 30 million tonnes in refined products.

reuters

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August 15, 2018

10

Mastercard and Zapper unveil Masterpass digital payment

South Africans can now use Masterpass, a global digital payment service by Mastercard, to pay for goods and services at over 20,000 Zapper merchants in South Africa using their smartphones.

Zapper users, meanwhile, will be able to use the Zapper app to make mobile payments at nearly 50,000 Masterpass-enabled merchants nationwide.

This follows a collaboration between Mastercard"...

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