The World Bank Group has announced it spent a whopping US15.3-billion on development projects in sub-Saharan Africa during the financial year from July 2013 to June 2014 – a new record – most of it in zero-interest credits and grants from the International Development Association, the bank's fund for the poorest countries.
Once a modest microfinance project, Kenya's highly successful M-pesa mobile money transfer service is now to be introduced to Europe. A technology pioneered in one the world's poorest regions will be imported into one of the richest.
The internet is coming to Africa on a handset. New research suggests that mobile data traffic in sub-Saharan Africa is set to increase 20-fold by 2019 – as opposed to only a two-fold increase in voice traffic – while cellphone subscriptions rise to 930-million.
The debate was lively when straight-talking CNN anchor Richard Quest hosted Brand South Africa CEO Miller Matola, Telkom chair Jabu Mabuza and Goldman Sachs MD Colin Coleman at a breakfast forum discussing African economic growth on Tuesday 13 May.
Social media's potential as a powerful agent for change and conflict resolution in Africa is being demonstrated by the hugely viral #BringBackOurGirls online campaign to rescue 276 Nigerian schoolgirls abducted by Boko Haram Islamist militants.
As business and government leaders from across the globe gather in Abuja, Nigeria, for the World Economic Forum on Africa, KPMG International's global head of corporate citizenship Michael Hastings reflects on reasons to be hopeful about the future of the continent.
Johannesburg and Cairo are the most active on Twitter, according to new research by Portland Communications. English, French and Arabic are the most common languages, accounting for over 75% of all tweets on the continent. But African languages, notably isiZulu, Swahili, Afrikaans and isiXhosa, are making an increasingly strong showing.