Tag: United Kingdom

Bank of  Uganda reduces the amount of time it takes to process a cheque

Bank of Uganda reduces the amount of time it takes to process a cheque

AFRICA, BUSINESS, EAST AFRICA, INTERNATIONAL, UGANDA
Kampala, Uganda The Central Bank of Uganda, has announced a roll out of a new cheque processing system that should ease existing stringent roadblocks that have made processing cheques a slow and expensive mode of cash transfer. Currently it takes between four to five days to cash in on a cheque, especially when the transaction involves more than one bank. With the new cheque truncation system, the cheque will now be cleared on the same day or within 24 hours depending on whether the cheque is local or outstation. According to Central Bank, the new Automated Clearing System, which will begin on April 20, will remove the physical movement of cheques between banks and across bank branches thus speeding up the process of cheque clearance, settlement among banks and realization of f...
Avanti Gateway Earth Station Goes Live in MDXI Data Centre

Avanti Gateway Earth Station Goes Live in MDXI Data Centre

AFRICA, BUSINESS, TECHNOLOGY
LAGOS, Nigeria MDXI data center, a subsidiary of Main One , has partnered with Avanti Communications Group , a leading British satellite operator, to host and manage the satellite operator’s in-country Gateway Earth Station (GES). The partnership has already delivered the commissioning of Avanti’s first GES in West Africa, hosted at MDXI’s satellite farm in Lagos. The project, which has seen Avanti invest up to USD 20 million in the Nigerian Gateway, will ensure data from the HYLAS 4 Ka-band satellite is delivered efficiently in-country and interconnected with other networks. "The HYLAS 4 Ka-band satellite will deliver  High Throughput Satellite (HTS) connectivity to complement the country’s existing fibre-optic networks, ensuring access is available to enable high-spee
British Embassy in Addis Ababa hosts Cranfield University Alumni event

British Embassy in Addis Ababa hosts Cranfield University Alumni event

INTERNATIONAL
LONDON, United Kingdom: On 13th January , The British Embassy in Addis Ababa hosted an event for the UK’s Cranfield University Alumni in Ethiopia. The Alumni group comprised military officers and government officials from across East Africa, including many Ethiopians, who have completed an Executive Masters programme in Security Sector Management. The Masters is delivered by the Cranfield University, the academic partner of the UK Defence Academy, and was first delivered in Addis Ababa in 1999. The event brought together former students of the University and academic speakers. They shared experiences and enjoyed healthy debate and discussion. This event will help Cranfield Alumni in Ethiopia gain insights from well known experts in the area Professor Ron Matthews