Tag: Pan African Business
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African ministers adopt AI strategy to boost Africa’s development and inclusive growth
🌍 The Continental Artificial Intelligence (AI) Strategy offers direction to African nations on how to use AI to achieve Africa’s development goals and improve the welfare of its population, while also advocating for ethical practices, mitigating possible dangers, and capitalizing on possibilities, the African Union stated. Furthermore, it emphasizes the need for Africa to prioritize…
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Banking giant Wells Fargo suffers data breach, sends two notification letters
American multinational bank Wells Fargo has informed two of its customers about a data breach. The personal information involved includes names of clients and mortgage account numbers. The financial services company claims to be responsible for safeguarding customer information and promptly responded to the incident as it arose. It’s not yet clear when the attack…
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Nestlé adds sugar to infant milk sold in poorer countries, report finds
Nestlé, the world’s largest consumer goods company, adds sugar and honey to infant milk and cereal products sold in many poorer countries, contrary to international guidelines aimed at preventing obesity and chronic diseases, a report has found. Campaigners from Public Eye, a Swiss investigative organisation, sent samples of the Swiss multinational’s baby-food products sold in…
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UBA Unveils ‘Scan To Resolve Complaint’ Portal For Enhanced Customer Experience
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, qrdispute.ubagroup.com:8088, called the ‘Scan to Resolve Complaint’ portal aimed at enhancing satisfaction and swiftly addressing customers’ complaints. The innovative platform marks another significant step by the bank to revolutionise customer service and streamline complaint resolution processes. The ‘Scan to…
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Entrepreneurs and Revolutionaries
As I read about Justice Department’s antitrust suit against Apple, I asked myself, “how is it that Apple, like so many other large companies, is so good at suppressing competition? They don’t teach you how to do that in business school. When companies become big and dominant, they become worse at many things but become very good…
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Uganda future oil projects
🇺🇬🛢 Uganda has launched its first drilling rig to develop the Kingfisher oil field. On Jan. 24 first four oil rigs were commissioned. Starting drilling is a pivot point for the country that is planning to get first oil output in 2025 after a long delay. ▪️The Kingfisher project is expected to boost Uganda’s oil…
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Antioch flies Pan-African flag for first time in honor of Black Americans
Antioch will for the first time in history fly the Pan-African flag at City Hall through Juneteenth in honor of Black Americans who contributed to the enrichment of the community. Originally proposed as a Black History Month display, the flag flying was extended because it came on the agenda so late in the month on…
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The history and evolution of the fintech industry
The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector. The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as…
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Tripoli hosts International Book Fair after 10-year hiatus
The Ministry of Culture has confirmed its intention to hold the Tripoli International Book Fair in its 12th session this year, after it was halted for years. In a statement by Minister Mabrouka Toghi to Hakomitna platform, she considered that the exhibition will translate the return of cultural life to Libya, confirming that conditions have…
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Gabon: Announces the discovery of a new oil field with an estimated reserve of 300 million barrels.
China National Offshore Oil Corp (CNOOC) could expand its Gabon deepwater portfolio in the case of a positive result from the recently spud Tigre 1 new field wildcat, targeting the pre-salt Gamba sandstones of Aptian age. Although there have been gas discoveries in the area, CNOOC have clearly indicated that they are targeting an oil…
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