PROJECT LATEST
1
EGYPT
Orange Business completed the customised digital integration programme for Egypt-based SoyVen , a joint venture company launched by Cargill and Archer Daniels Midlands Company in 2018 . SoyVen manufactures soybean meal and oil for customers in the food manufacturing and animal feed industries .
Orange Business designed and built the integrated end-toend solution of fully managed services covering international connectivity , security , IT services , and service support . The programme , delivered in six months , provides SoyVen with new , tailored , and flexible infrastructure supporting its operations in Egypt and Switzerland .
2
KENYA
The Communications Authority of Kenya reports that the nation has witnessed a staggering 860 million cyber incidents in the past year , with an additional 123.9 million recorded during the three months up to September . The increasing frequency , sophistication , and scale of these cyber threats are particularly concerning for Kenya ’ s critical information infrastructure .
Kenya ranked 25th in the world as the most likely to be targeted for malware attacks according to Check Point Research ’ s October Malware Report . Fintech companies in Kenya are grappling with a rising tide of intricate cyber-attacks . These range from phishing attempts and data breaches to the insidious scourge of ransomware campaigns .
3
MALAWI
Flutterwave announced it has obtained authorisation to facilitate international remittances in Malawi . The International Money Transfer Operator license has been granted and will enable the payments company to process remittances from Malawians and other Africans sending money back home .
4
SOUTH AFRICA
MTN Group and NEC XON , announced successful deployment of Africa ’ s first 400G optical transponder solution , Phoenix . The Phoenix solution marks a significant step forward in the telecom industry , with the potential to revolutionise networking and connectivity across Africa and beyond .
MTN has embraced this state-of-the-art technology , integrating it into its production network , specifically across its optical network between Johannesburg and Centurion in South Africa , further demonstrating the technology ’ s interoperability and backwards compatibility .
Global banking software provider , Temenos , hosted an exclusive Southern Africa Digital Leaders ’ Summit in Sandton in November 2023 to discuss how the banking industry in the region needs to respond to these rapid and evolving changes for sustained success .
The Southern Africa event forms part of Temenos ’ pan-Africa Digital Leaders ’ Summit roadshow , which has already been East and West earlier this year and next will travel to Morocco to explore the impact of these themes and trends on the Northern Africa banking industry .
5
SIERRA LEONE
Development Finance Institutions , British International Investment , Proparco , and renewable fund manager Frontier Energy announced a co-investment of over $ 52 million for Planet Solar , a greenfield 50MW solar power project in Sierra Leone . The renewable energy potential in Sierra Leone is abundant , primarily in hydropower , wind and solar resources . However , it remains underutilised while up to 80 % of the country ’ s electricity is generated from fossil fuels .
5
Through Flutterwave ’ s cross-border remittance solution , Send App , residents in Malawi can now access benefits that include competitive exchange rates , faster money transfer , user-friendly mobile and web platforms , and access to transact in 150 currencies , adherence to security and compliance standards , which protects them from fraud , scams , and other financial risks .
Driving a diversified approach to addressing energy access in the country , Planet Solar will be the first large-scale grid-connected solar Independent Power Producer . The 50MW solar capacity is expected to help avoid 53,000 tonnes of annual CO 2 emissions . The initiative aims to unlock investment opportunities and mobilise commercial capital in frontier markets in Africa .
24 INTELLIGENTCIO AFRICA www . intelligentcio . com