VENTURE CAPITAL POST

Moderna announced on Thursday that it has decided to halt its plans to construct a vaccine manufacturing facility in Kenya due to a decrease in demand for COVID-19 vaccines after the pandemic.

The is a rise in the number of Africans suffering from lifestyle illnesses, one of which is cancer. Unhealthy habits contribute to the development of the disease. Poor hospital services also add to the trouble of patients.

Based on the latest salary review of Career Junction, a staff recruitment agency, Gauteng stays on the top in terms of compensation for a number of professions.

Home to about 1.2 billion of the world’s population, Africa, the world’s second largest and second most populous country on Earth, is excessively troubled by the challenges in its society such as the spread of several infectious diseases and a growing number of cases related to non-communicable diseases.

Lifestyle disease are inevitable. With this fact, research must be upgraded and developed. Africa knows this.

Due to extreme dry weather conditions, African farmers are seriously affected by their crops failure with little or no more money to replenish their lands or support their families. With the mobile drought insurance, farmers are protected from such harsh conditions by paying a small surcharge fee upon purchase of seeds and fertilizers registered with an insurance company.

Ntel is seeking $1 billion loan investment for its 4G mobile broadband expansion for 2020 to take advantage of the increasing number of smartphone users in Africa. It will start its 4G LTE service to Abuja and Lagos by April 8 competing with other Nigerian four company internet and broadband providers.

Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.

South Africa Tourism Minister Derek Hanekom said in the Meeting Africa 2016 forum that the boost in tourism could benefit the local economy. Tourism has been increasing phenomenally in recent years as the government aims to invest more in the sector.

This year’s African economic summit was ended with calls to boost trade and investment on the continent. The conference aims to strengthen Africa’s place in the world economy through investment and to establish Egypt as a gateway for foreign investments.

The completion of the first stage will also begin the second and third stage of the project. Once finished this power plant will be the world's largest, providing electricity for 1.1 million people in Morocco. The project would also help reduce the country's dependence on imported energy source as well as reducing carbon emission.

The summit will provide a platform for foreign investors, African companies, and regulators to meet, discuss relevant issues, and form relationships. East Africa has a strong potential to develop Islamic Finance because of the high demand for its services and products.

Oracle has disclosed its expansion program in the Middle East for 2016 which involves setting up a data center and new offices in Abu Dhabi and internet cities in Amman and Riyadh. It also plans to increase its workforce to offer better service for the customers across the Middle East and Africa. The vibrant nature of the cloud market in the Middle East region and the ever growing cloud business therein has led the Californian tech giant to approach with larger investments.

Hong Kong has been one of the main traders of elephant ivory. The government is about to change that, a move praised by activists and environmentalists.

China shows support to its long-time ally, Africa, by providing the continent funding support worth $60 billion.