Category archives for: Investing

EU investment to decongest port of Mombasa


From MARIA MACHARIA in Nairobi, Kenya NAIROBI, (CAJ News) – THE capacity of Mombasa, East Africa’s principal port, will soon increase after an investment of €1,46 billion by the European Investment Bank (EIB) to cut time lost in traffic jams and congested ports. The funding announced in Luxembourg on Thursday will also improve sustainable local […]

Visa fosters Sub-Saharan fintech entrepreneurship


By AKANI CHAUKE JOHANNESBURG, (CAJ News) – VISA has expanded to Sub-Saharan Africa its global innovation programme for start-ups to solve future commerce challenges, enhance their product propositions and provide visionary solutions for Visa’s partners. Entrants in the Everywhere Initiative will have the opportunity to compete for a chance to win up to US$50 000, […]

Avaya concludes Spoken acquisition


by STAFF REPORTER JOHANNESBURG, (CAJ News) – AVAYA Holdings, the global digital communications software, services and devices firm, has closed its acquisition of Spoken Communications, the innovator in Contact Centre as a Service (CCaaS) solutions. The Spoken platform accelerates Avaya’s growth in cloud-based solutions and provides a reliable and highly scalable cloud platform for customers […]

MTN multimillion-dollar spend on ICT upgrades


by AKANI CHAUKE JOHANNESBURG, (CAJ News) – MTN Group, the continent’s biggest mobile operator by subscriber base, has invested over R31,4 million (US$2,6 million) in rolling out network and information technology (ICT) across its markets over the past year. Some 8 583 3G sites and 8 611 4G sites were rolled out. “This investment has resulted […]

Crisis on Horn as state nabs Africa’s most strategic port

Doraleh seaport to be managed by Chinese

from HASSAN ABOUBAKER in Djibouti, Djibouti DJIBOUTI, (CAJ News) – NATIONALISATION of Africa’s most strategic harbour plans for China to run the facility could put Beijing in charge of the only waterway linking the Indian Ocean to Europe. For those who know Djibouti and the unpredictable president Ismaîl Guelleh, it should have come as no surprise, but the ousting long-time […]

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