Africa Business, Author at AfricaBusiness.com

30Jul

By Africa BusinessNo Comments

Business, Kenya News

APA Insurance and Hollard International commence collaborative operations

Collaborative effort to drive change in East Africa's Insurance market Following the announcement of their partnership last year, APA Insurance, a leading insurance company in Kenya, and Hollard International, a Pan African Insurer, have officially commenced collaborative operations. This partnership aims to unlock the potential of Kenya's insurance industry by leveraging their combined expertise to provide customised insurance solutions for both individuals and businesses. Ashok Shah, Group CEO of Apollo Investments Limited, said “Our partnership with Hollard International is strategic for APA Insurance as it opens new avenues for growth and expansion. Hollard's investment in Apollo Investments Limited, APA’s parent company, provides us with access to a broader market and further expert...

30Jul

By Africa BusinessNo Comments

Art

Latin and African Music: A Cultural Exchange Across the Atlantic

By Pablo Solis Development Manager for Latin America at Music Works International (CCLA & ACA), Arts Connect Africa Music transcends boundaries, connecting people across cultures and time. The musical connection between Africa and Latin America is a vibrant and enduring example of this. Despite the Atlantic Ocean separating these regions, shared rhythms and inspirations have woven a rich musical tapestry that continues to inspire. This article explores the historical and contemporary connections between these musical traditions, highlighting how music industry professionals can collaborate to bridge cultural divides. Historical Connections Spanish guitar melodies and African drum beats merged in Cuba to create a unique musical blend known as Afro-Cuban music. This fusion spawned v...

30Jul

By Africa BusinessNo Comments

Energy

Global African Hydrogen Summit Channelling Capital Towards Critical Sectors For Sustainable Development

With more than 600 million people across Africa lacking access to electricity, the International Energy Agency (IEA) estimates that Africa will need to double its electricity generation capacity by 2040 to meet growing demand. The African continent has been identified as a prime source for renewable energy exports to regions seeking to reduce reliance on fossil fuels and meet net-zero targets. Most development banks, bilateral aid, export credit agencies, and development finance institutions have a clear mandate to facilitate the energy transition. Many of these institutions offer preferable terms to projects that help achieve net-zero targets. Additionally, numerous climate investment funds and venture capital funds are dedicated to green energy investments, including throughout the deve...

30Jul

By Africa BusinessNo Comments

South Africa News, Startups

Young founders & investors flock to Joburg’s first Founder’s Den event, hosted by local digital innovation agency Specno

The “Founder’s Den” event, which took place at the Old Mutual headquarters in Sandton on Thursday 25 July, is responsible for successfully hosting over 150 business leaders, investors, and founders from a curated list of key eco-system players from South Africa’s startup community in Johannesburg last week. The gathering, which usually takes place in Cape Town, aims to shape the future of business in South Africa by bringing together a number of visionary entrepreneurs, tech industry leaders, and investors. It has been hosted on an annual and bi-annual basis by Specno since 2021, and its launch in Johannesburg this year was made possible by Old Mutual’s innovative partnerships and ventures hub, Next176. The event was organised with the aim of building a supportive ecosystem for startups ...

30Jul

By Africa BusinessNo Comments

Nigeria News, Startups

24 health supply chain innovators are now emerging as market leaders across Africa, reaching 50,000 healthcare providers across 33 countries

After years of building, leading healthcare supply chain innovations in Africa now appear to be on the cusp of more substantive impact Healthcare consulting firm Salient Advisory has launched its latest market intelligence report, focusing on 24 leading Africa-focused supply chain innovators which appear to be on the cusp of more substantive impact. Funded by the Gates Foundation, the report titled “Leading Innovations Enabling Health Product Access in Africa'', finds that, amid difficult macroeconomic realities and dwindling investment in African technology ecosystems, a select number of African health innovators are emerging as leaders. Having operated for 10 years on average, the 24 leading innovators collectively now partner with 100+ manufacturers and 75 public health institutions, ...

30Jul

By Africa BusinessNo Comments

African News, Main, Nigeria News

United for Wildlife strengthens fight against the illegal wildlife trade by adding a West Africa Chapter to its global network

United for Wildlife, founded by The Royal Foundation of the Prince and Princess of Wales, convened leading figures from the private, public, and not-for-profit sectors from across West and Central Africa to develop a regional network to combat the illegal wildlife trade in the regions. Lagos, Nigeria: United for Wildlife has established landmark agreements with one of Nigeria’s leading law enforcement agencies as well as the Nigerian Financial Intelligence Unit, as part of the organisation’s work to build a regional network to combat the illegal wildlife trade in West Africa. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and United for Wildlife are committing to work together on a number of fronts; developing training and education in the region in relati...

29Jul

By Africa BusinessNo Comments

Business, South Africa News, Zambia News

Millennials will drive the growth of insurance in Africa

The insurance industry in Africa is undergoing significant transformation, marked by evolving consumer needs, technological advancements, and shifting demographics. Among the most influential demographic groups driving this change is the Millennials generation, born between 1982 and 1994. According to market research firm, IMARC Group, the African insurance industry is expected to grow by 6.3% between 2024 and 2032, after reaching US$ 87.4 billion by 2023. “The Millennials have a big role to play in Africa’s insurance growth, as they begin to build families and acquire property,” says Mulenga Kashiwa, technical underwriting senior manager at Hollard International. He explains, “Millennials in Africa are now in their 30s to early 40s, a phase often associated with significant life changes...

29Jul

By Africa BusinessNo Comments

South Africa News

Ackerley Sports Group to Invest in South African Rugby

By Veselina Dzhingarova The South African Rugby Union (SARU) and Ackerley Sports Group (ASG) have announced their intention to form a partnership to enhance South African rugby across all levels. This agreement aims to bolster the professional game and expand the revenue streams for both the Springboks and SARU's commercial ventures. New Commercial Rights Corporation According to Rugby365, the agreement, currently under negotiation and awaiting approval from SARU members, will involve ASG investing in a new Commercial Rights Corporation (CRC). This entity will manage all current and future revenue-generating assets of the Springboks and SARU. SARU will maintain majority ownership of the CRC, while ASG will hold a significant minority stake. Ted Ackerley, Co-Founder of Ackerley Spor...

25Jul

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African News

Oppenheimers’ South African Future Trust awards R3 million to SA’s top entrepreneurs

2024 SAFT Summit Announced for 24 and 25 October Six of the country’s most exciting entrepreneurial ventures have been recognised at the 2024 South African Future Trust Awards, with each category winner receiving a grand prize valued at R500 000. The South African Future Trust (SAFT) Awards are a launchpad for innovative ideas, offer recognition for the tough entrepreneurial grind and celebrate the power of entrepreneurship to change lives in South Africa’s challenging economy. Each winner’s prize consists of a cash injection of R250 000 and an individually tailored support package of R250 000. The founders of proactive healthcare platform Engage Mx were the winners in the ‘Tech Entrepreneur’ category. Engage Mx is an intelligent platform that recalls patients to their doctor for screen...

25Jul

By Africa BusinessNo Comments

South Africa News, Tech

POS versus POS: Selecting the right solution is far more complex than chasing the cheapest

By Peter Ludi, Business Development Executive at redPanda Software A point of sale, commonly referred to as POS, is a vital cornerstone of any retail business, regardless of whether it sells products or services. However, a misunderstanding of the definition of POS sees many small and medium-sized retailers fall into the trap of buying a payment acceptance terminal as opposed to investing in a platform that will future-proof the business and open a host of growth and sales opportunities. Let’s start with a summarised definition of POS. At its simplest, it is the place where a transaction is executed. This can be in-person or online on various channels along the customer journey. A POS is a vital part of the customer journey as it is the crescendo of what has come prior to that point. No...