BUSINESS NEWS REPORT – AUGUST 2019
Every month Africa HR Solutions curates the latest high impact news across Africa. Check the top business news for August 2019.
South African telecom giant MTN Group will soon offer financial services to its 56 million mobile customers in Nigeria
In May, MTN Nigeria listed in Lagos with a two trillion naira ($6.54bn at the time) debut that turned it into the Nigerian Stock Exchange's second-largest stock by market value.
The City of Cape Town wants to use drones to help with everything from policing to inspecting bridges
Recently, as a trial, a drone was used successfully during a police raid, he said. The drone was able to find a man hiding behind two vehicles. The drone pilot alerted the police, and the suspect was apprehended.
Digital payments with Libra crypto-currency
From early next year, Facebook intends to let its two billion-odd users - more than 139 million of whom are in Africa - make digital payments through its apps and popular messaging service WhatsApp using a new crypto-currency called Libra.
Facebook's Libra white paper, which outlines the tech giant's plans to re-imagine global finance, does show that unlike completely decentralised digital currencies such as Bitcoin, which operate outside the oversight of central authorities or banks, Libra is set to be backed by a reserve of actual currencies and assets.
Elimination of gas motorcycles in taxi sector in favour of e-motos
The government of Rwanda will soon issue national policy guidelines to eliminate gas motorcycles in its taxi sector in favour of e-motos.
Motorcycle taxis in Rwanda are a common mode of transit, with estimates of 20 to 30 thousand operating in the capital of Kigali.
