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Bitcoin world faces ‘halving’: what’s happening?

London, United Kingdom | AFP | Bitcoin miners, whose computer processors enable the running of the world’s most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry. So-called halving is when cryptocurrency-mining companies and individuals find out the …

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Letshego eases loan repayments for clients

  Kampala, Uganda | JULIUS BUSINGE | As of April 01, Letshego Uganda rolled out a repayment holiday facility to its borrowers in response to the negative impact caused by the coronavirus pandemic. Officials said on May 05 that the repayment holiday involves giving a customer a three month moratorium- meaning …

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Afreximbank unveils a US$3million COVID-19 Response Grant

The bank’s net profit increased from US$275.9million in 2018 to US$315.3million last year Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank, has unveiled a US$3-million grant to complement continental efforts to combat the COVID-19 pandemic. The Bank’s President Prof. Benedict Oramah, who made the announcement in …

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UK investor Gridworks eyes African utilities overhaul

In too many countries, transmission and distribution remain the responsibility of badly managed state utilities. Gridworks CEO Simon Hodson explains to David Thomas how his organisation plans to invest to make the sector commercially sustainable In the barren, rocky wasteland at the southern edge of Kenya’s remote Lake Turkana sit the whirring turbines …

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