Rwanda ranked among top ten African countries in global Index on ICT

Rwanda ranked among top ten African countries in global Index on ICTKIGALI (TOA) – Rwanda was ranked among top ten African countries and 83th among 143 surveyed nations in the Global Index on Information Technology for inclusive growth , the World Economic Forum (WEF) showed Thursday in its latest report.

Mauritius ranks first in Africa and 45th worldwide ( with a score of 4.5 ), followed by Seychelles ( World 74th with a score of 4) and South Africa ( 75th globally with a score of 4).

The report, entitled ” ICT for Inclusive Growth ” , provides practical solutions to enable everyone to enjoy and participate in the ICT revolution .

In addition, Rwanda is also ahead many other developed countries across the globe including South Korea, Russia and Singapore, according the report. Read More…


MoneyGram Reaches 25,000 Locations across Africa

MoneyGram Reaches 25,000 Locations across AfricaMONEYGRAM recently announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA.

NAIROBI, Kenya, February 17, 2015/ — MoneyGram, a leading global money transfer company, announces today that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent. Recent technology advances and new agent and sub-agent signings, including an agreement with the Mauritius Post Office to offer money transfer services at more than 100 locations, have contributed to achieving this company milestone.

“MoneyGram continues to grow throughout Africa as a result of forming strategic relationships with reputable companies, including banks, post offices and retailers, to bring added convenience and more choices for our customers,” says Herve Chomel, MoneyGram’s vice president of Africa. “Remittances are an important part of economic development and financial inclusion throughout the region and are integral to providing household essentials, education and healthcare in many countries. We are excited to be a part of the region’s growth.”

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Nominations open for Africa’s leading banking awards ceremony

Nominations open for Africa’s leading banking awards ceremonyThe most prestigious event in Africa’s banking and finance sector will take place during the annual African Development Bank meetings in Abidjan, Côte d’Ivoire on 27th May. The 9th edition of the African Banker Awards, held under the patronage of the African Development Bank will celebrate and highlight the bankers and financial institutions who are playing a leading role in driving African growth and transformation. This year also happens to be an important year for the African Development Bank who will announce the successor to Donald Kaberuka, its president for the past ten years.

Organized by African Banker magazine in cooperation with Business in Africa Events, the African Banker Awards will continue to maintain its exclusive partnership with the African Development Bank, which over the past year has finalized its move back home from Tunis to Abidjan.

Last week the awards committee issued its call for entries for 2015, officially inviting all financial institutions operating in Africa to participate and compete. The deadline for entries has been set in a month’s time, on the 16th March. Read More…

Johnson and Johnson makes available Ebola Vaccine for Africa

Clinical trials for the Ebola vaccine have now begun and volunteers in Africa have now been administered the vaccine under the trials. Phase I of the clinical trials will end in April this year and is set to reach about 400,000 individuals.

The vaccine is intended to prevent people from catching the virus. The company has set a target to make available 2 million regimens by the end of 2015.

As the Ebola virus was speedily spreading in Liberia, Sierra Leone and the Guinea, Johnson and Johnson declared a vaccine expected at eradicating the deadly virus. They committed an amount of $200 million to boost the development of the vaccine.

“As a leader in the field of global health, we have a responsibility to act swiftly as Ebola continues to cause suffering among patients, families and health care workers in West Africa,” said Alex Gorsky, the chairman and CEO of Johnson & Johnson. Read More…

South Africa: Best investments for doubling your money

Better known as the ‘Powerhouse’ of the African continent, South Africa is budding as one of the most subtle and promising markets of the world. A Minister from South Africa stated, “Those who invest in South Africa never go wrong, they double their investments. I give people the example of the Tatas.” Worth to mention, South Africa was the spotlight country at the India International Trade Fair (IIFT) 2013 and was focused enormously for the second time consecutively. H.E. Ms. Elizabeth Thabethe, Deputy Minister of Trade and Industry, South Africa who visited Delhi to attend IIFT 2013 expressed, “Tatas are everywhere in South Africa. They’re doing so well, opening new outlets and growing their footprint.” She added, “The Indian companies doing business in South Africa testify how easy it is to set up and then do business. We provide a variety of incentives to companies.” Realizing that it is not a one-way street, a visiting minister articulated, “India is a good market for our crafts because we have a lot in common, our tribals, huge social variety, and arts and crafts tradition.” To get mutually benefited, the Minister encouraged huge investments from India as well as South African investments into India in order to gain experience and learn from each other’s expertise. She pointed out, “Our Embassies are doing their best to encourage investments in South Africa, also so that there is benefaction and value addition. With our raw material resources it makes more sense to do value addition in South Africa and then export. If you just take the raw materials, it creates jobs in their country, not in South Africa.”

According to her, the extensive support forwarded by India for the anti-apartheid struggle in South Africa and the visit of Mahatma Gandhi that transformed the shape of the country laid the foundation stone of the bilateral relations between both the countries. She conveyed, “We’re just not countries that happen to be together, there is a foundation. India has persistently supported our struggle against apartheid. The Mahatma’s political career started in South Africa. In all this there is a foundation of a deep and abiding relationship. Beginning with such a base, our relations have developed newer forms and linkages like IBSA (India-Brazil-South Africa) and BRICS (Brazil, Russia, India, China and South Africa). We’re honored to be the focus country for two successive IIFTs. This emanates from a good relationship.”;

Well supported by the country’s Department of Trade and industry (DTI) in terms of finance and operations, nearly 35 South African craft micro-firms owned a stall in IIFT 2013. She said, “Arts and crafts have proven internationally as something to be promoted, there is worldwide support for it. Besides, it also supports the rural economy; so we encourage that.”