Category: African Business
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The African Union has been awarded with the Leo Tolstoy Peace Prize
The inaugural awarding ceremony took place on September 9, the birthday of iconic Russian writer Leo Tolstoy, author of War and Peace. The prize recognizes organizations and individuals for their achievements in: ▫️Peacekeeping;▫️Fight for freedoms;▫️Human rights;▫️Activities aimed at countering the threat of World War III or nuclear catastrophe. The winners are selected by an international…
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Some of the leading mobile money services in Africa
Disclaimer: While panafrican.email can provide a general overview of the leading mobile money services in Africa, it’s important to note that real-time revenue data can be difficult to obtain for all countries due to various factors, including: That said, based on market research and industry trends, here are some of the leading mobile money services…
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Japan’s Big 3 Banks Embrace Stablecoins for Cross-Border Payments: A Boom for the Pan-African Community
Japan’s top three banks—MUFG, Mizuho, and SMBC—are embarking on a revolutionary path to modernize global financial transactions by incorporating stablecoins for cross-border payments. This initiative aims to streamline international remittances, reduce costs, and speed up transactions, which can greatly benefit regions like Africa, where cross-border payments and remittances play a critical economic role. The Role…
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Egyptian archaeologist calls on Berlin to return Nefertiti bust
Prominent Egyptian archaeologist and former antiquities minister Zahi Hawass has launched a petition for the return to Egypt of the pharaonic bust of Queen Nefertiti from the Neues Museum in Berlin. Nefertiti’s famous painted limestone bust was uncovered at Tell el-Amarna, around 300 km (185 miles) south of Cairo, in 1912 by a German archaeological…
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Algeria declares President Tebboune election winner with 95% of vote
Algerian authorities declared President Abdulmadjid Tebboune the overwhelming winner of Saturday’s election on Sunday, but a rival candidate alleged irregularities in the count and fewer than half of registered voters cast ballots. Official preliminary results gave Tebboune 95% of the vote, enough to avoid a second round run-off, with Abdelaali Hassani Cherif getting 3% and…
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Tanzania experiences a 41% increase in meat exports while the leather sector sees a decline, media says
The country’s meat exports in 2023 amounted to 14,701 tonnes worth of $86.3 million, which is over 4,200 tonnes more in comparison with 2022, according to Tanzania’s 2023 State of the Economy report. “The increase in meat exports was due to improved businessand investment environments as well as strengthened meatmarkets in countries such as Hong…
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Agile Energy X: Leveraging Solar Power for $2.5 Billion in Bitcoin Mining Annually
Japan-based company Agile Energy X is making waves in the cryptocurrency world with its ambitious plan to utilize solar power for Bitcoin mining. The company aims to generate up to $2.5 billion annually through this innovative approach, combining the renewable energy sector with blockchain technology. With the rise of environmental concerns surrounding Bitcoin mining, Agile…
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Skyscanner integrates with Travala, enabling hotel bookings in over 100 cryptocurrencies.
The integration on Skyscanner makes Travala discoverable alongside leading travel agencies such as Expedia and BookingDotCom. Market Overview: BTC : $56752ETH : $2393.35BNB : $505.65SOL : $133.33 Dominance : BTC : 53.73 %ETH : 13.82 %Stables : 7.36 % Market Cap : Total : 2.08TDeFi : 63.84B24hr Vol : 79.82B
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The Democratic Republic of the Congo (DRC) is considering taking legal action against US tech company Apple over using “illegally exploited” minerals by the enterprise
In April, lawyers in Paris representing the DRC stated that Apple had bought essential minerals that were unlawfully transported from the DRC to Rwanda, where they were illegally processed and then incorporated into “the global supply chain.” Lawyer William Bourdon commented on Thursday that Apple had issued a brief response following a formal notice, which…
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