Investments in digital technologies could potentially lead to a growth in service sector jobs in major Middle East and North African cities, according to the World Bank
Finance
The UN FAO provides training to Libyan officials to meet Sustainable Development Goals (SDGs)
The UN’s Food and Agriculture Organisation (FAO) has concluded a 10-day training programme to officers of Libyan Ministry of Agriculture, Animal and Marine Wealth, aiming to strengthen national capacities in Libya’s agricultural sector
EIB and IMF join forces to build capacity on financial inclusion in Africa
The European Investment Bank (EIB), the EU Bank and the International Monetary Fund (IMF) have signed a letter of understanding to promote sustainable economic development, financial stability and inclusive growth in Africa
LED-maker Low Energy Designs to install 40,000 LED streetlights in Lagos
The UKs Department for International Development said LED-maker Low Energy Designs Limited will install about 40,000 LED streetlights in Lagos over the next four years
SunTrust Bank Nigeria receives information security certifications
SunTrust Bank Nigeria was granted the ISO/IEC 20071:2013 and Payment card industry data security standard (PCIDSS) certifications for its standards on data security
The ISO/IEC 20071:2013 certification was granted by the Professional Evaluation and Certification Board (PECB) Canada while the PCIDSS certification was given by African consulting firm Digital Jewels.
The banks certifications show its strength in the area of information security.
African banks, spurred by the runaway success of payment servicem-pesa, have been scrambling to gain market share as an increasing number of Africans turn online for smaller payments.
Africas growing population and economy, boosted by income levels, has encouraged banks to expand their reach through low-cost methods such as digital banking in a continent which is still underbanked.
SunTrust opened Nigerias first branchless bank two years ago.