Can disruption be both devastating and inventive. Harvard professor Clayton Christensen believed so. And it makes sense. It begins when a firm targets overlooked – typically low-profitability – segments of a market, or creates a new market where none existed, and offers low-cost solutions. The entrant gains a foothold, eventually moves up-market and soon co-opts mainstream customers: the entire…
The 650,000bpd Dangote Petroleum Refinery, is expected to bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Nigeria is the largest oil and gas producer in Africa. Nigeria’s economy and budget has been largely supported from income and revenues generated from the petroleum industry since 1960 and statistics as of February 2021…
Cassava Technologies (CassavaTechnologies.com) is proud to announce that it has appointed Tesh Durvasula as the new Chief Executive Officer of Africa Data Centres (ADC) effective 7 February 2022. He will be responsible for driving growth, innovation and strategy of Cassava Technologies’ data centres to meet Africa’s accelerating demand for data and digital infrastructure. Durvasula is an experienced technology and…
The streets of Senegal erupted in celebration after the Lions of Teranga beat Egypt 4-1 on post-match penalties in the Africa Cup of Nations final. Liverpool star Mane stole the show last night as Senegal washed away their AFCON final hoodoo to win a first-ever trophy at the Paul Biya Olembe Stadium. Mane, had fluffed his lines earlier in the game…
Kampala, Uganda. With 1.5million refugees, Uganda is the top refugee-hosting country on the African continent and one of the top five hosting countries in the world. Although the country has a relaxed policy which allows refugees to live outside camps, the country also has 48 refugee settlements, most of which are in areas experiencing the worst forms of environmental…
While Europe gets back on track from COVID-19, the recovery of African countries is undermined by vaccine inequality. The S&D Group’s ‘Africa Week’ initiative seeks to address this. We are neighbors, but we don’t know each other enough. We share borders, we share a sea, we share challenges, but our communication is still full of stereotypes, misconceptions and a…
While Europe gets back on track from COVID-19, the recovery of African countries is undermined by vaccine inequality. The S&D Group’s ‘Africa Week’ initiative seeks to address this. We are neighbors, but we don’t know each other enough. We share borders, we share a sea, we share challenges, but our communication is still full of stereotypes, misconceptions and a…
Senegal dispatched Egypt on penalties in Sunday’s Africa Cup of Nations final on Sunday to bring to a thrilling conclusion the 33rd edition of the biennial continental competition as the Teranga Lions clinched their first-ever African title. Player of the Tournament Sadio Mane was the hero as he overcame a fourth-minute penalty miss to net the decisive spot kick in the shootout following a 0-0…
Across Africa, a digital revolution is happening, with the fast adoption of emerging technologies, such as drones, robots and smart cities. This revolution is touching several sectors, including agriculture and banking. Although Africa currently trails other regions in terms of digital adoption and maturity, the pace of adoption and infrastructure buildout is happening faster on the continent than any other region in the world. Blockchain technology is another…
COTE D’LVOIRE, West Africa – African Development Bank Group (ADB) President Dr Akinwumi Adesina has said that the most important lesson of the Covid-19 pandemic for Africa is the need to build a defense mechanism against external shocks, especially in healthcare and financial security. The bank chief said the continent needed $484 billion over the next three years to…