Bitcoin drops $2,000 in value as South Korea announces planned trading ban


News follows nation’s clampdown on cryptocurrencies as exchanges are raided over alleged tax evasion and fears of gambling addiction  Bitcoin’s 1,500% surge since January 2017 has spurred huge demand, stoking worries of a growing gambling addiction in the country. Photograph: Anadolu Agency/Getty Images The value of bitcoin plunged 13.5% in the early hours of Thursday after news hit that South Korea is ...

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ECOWAS ICT ministers reinforce digital access goals

ICT ministers

ICT ministers representing the fifteen member countries that make up the Economic Community of West African States (ECOWAS) have moved a step closer to formal approval of the region’s revised Supplementary Act on Universal Access and Service. This legislation is set to replace the 2007 Supplementary Act, currently in place to underline best practices in ICT and digital access goals ...

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Broadband connections in Africa to double in the next five years- Report


Africa’s mobile internet connections are set to double in the next five years, thanks to affordable smartphones and the roll-out of high-speed networks. A report by research and consulting firm Ovum in London estimates that mobile broadband connections will rise from 419-million at the end of 2017, to 1.07-billion by the end of 2022. “Data connectivity is growing strongly in ...

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World Bank says Sub-Saharan Africa to record modest recovery in 2017

Sub-Saharan Africa

The World Bank has projected that Sub-Saharan Africa would record modest economic growth recovery of 2.4 percent in 2017 after the region grew by just 1.3 percent in 2016. In its new Africa’s Pulse, a bi-annual analysis of the state of African economies, the World Bank, however, warns that the pace of the recovery remains sluggish and will be insufficient ...

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M-KOPA solar raises US$80 million in expansion funding


East African pay-as-you-go solar energy provider M-KOPA Solar has raised US$80 million in committed financing to be used over the next three years to finance installations in one million homes, on top of the 500,000 already connected. To date, M-KOPA Solar has connected over 500,000 homes in East Africa to affordable, safe and clean energy, with its predominantly low-income customer ...

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Dangote cement approaches SA’s PPC about takeover


Dangote Cement Plc has approached PPC Ltd. about a takeover deal, signaling the start of a possible bidding war for South Africa’s biggest cement maker after an earlier offer led by Canada’s Fairfax Financial Holdings Ltd. Dangote has told PPC’s board that it’s interested in buying “the entire share capital,” the Lagos-based company said late Wednesday in a statement to ...

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New report accuses EU countries of unlawful fishing in African waters

EU countries

The advocacy group, Oceana says it has found EU flagged countries doing illegal fishing in the waters of some African countries. In a report it published today, September 12, 2017, Oceana says it found that four European countries authorized illegal fishing in the waters of The Gambia and Equatorial Guinea between April 2012 and August 2015. “Using data from Global ...

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ISTR 2017 ends with a call on Africans to cultivate philanthropic culture to solve its own problems


ISTR 2017 ends with a call on Africans to cultivate philanthropic culture to solve its own problems As international aids and foreign donations for Civil Society Organisations (CSO’s) shrink, threatening its sustainability, the need for Africans to take control of their own affairs by mobilizing the needed resources for its development is eminent now more than ever. For the past ...

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ISTR Conference 2017: participants explore ways to maximize philanthropy in Africa

ISTR Conference

Civil Society Organizations (CSO’s), and researchers are exploring ways to maximize the philanthropy sector in Africa while calling on Africans to take charge to mobilize the needed resources for it’s own development needs. At the 4th ISTRA Africa Regional Network Conference which commenced on June 21, 2017 and will end today, June 22, 2017, in Accra, researchers and participants are ...

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IMF approves $224.8 mln in extra credit for Ivory Coast

imf - Ivory Coast

The International Monetary Fund’s Executive Board approved $224.8 million in additional credit for Ivory Coast under an existing lending framework, it said in a statement on Monday. “The Board … approved an augmentation of access under the two arrangements by about US$224.8 million or 25 percent of the country’s quota,” the statement said. Ivory Coast has emerged from a 2011 ...

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