Thursday, November 28African Digital Business Magazine

Author: Africa Business

Kenya News, Main

Navigating Flood Risks, Adaptation Strategies, and the Role of Climate Finance in Building Resilience

By Sarah Njoroge, Principal, Intellecap Advisory Services  In recent times, the frequency and intensity of extreme weather events have escalated, posing significant challenges across the globe. In many regions, relentless rains have led to catastrophic flooding, disrupting lives and livelihoods. This indiscriminate nature’s fury always hit vulnerable communities hardest—particularly the urban poor and low-income groups who lack the resources to withstand or recover from these disasters. Women, children, the elderly, and people with disabilities are disproportionately affected, facing greater difficulties in responding to and recovering from such calamities. After the floodwaters recede, these communities face yet another challenge: the onset of the dry season. Areas now submerged under f...
Startups

Innovate Africa Launches with $2.5M Angel Fund for Early-Stage Africa-Focused Startups

New Early-Stage Fund to Support African Founders in Achieving Product-Market Fit Innovate Africa, an angel investment fund that supports early-stage founders in funding life-changing ideas, taking startups from conception to product and financing innovative ventures, has launched with an initial $2.5 million rollout. Co-founded by Kristin Wilson and Christian Idiodi, the sector-agnostic fund aims to support up to 20 startups in its first year to solve complex, recognised problems such as insecurity, unemployment, and poverty with purpose-driven technology. Since 2019, the African funding landscape has witnessed positive growth, with disclosed exits surpassing $2.3 billion - representing a significant 13.4% of the total $17.2 billion raised by African startups. Despite this growth, early-...
Fintech’s transformative potential: Empower customers through self-education
Fintech, Malawi News, South Africa News

Fintech’s transformative potential: Empower customers through self-education

The most powerful thing a fintech can do is enable its customers to educate themselves, says Mukuru CEO, Andy Jury. He says formalised financial education obviously plays a crucial role in a fintech’s business, but customers that trust and repeatedly use a new product or service, such as a digital store of money, go through a natural learning process and are then more comfortable being exposed to more sophisticated products.  Mukuru, which is a next-generation financial services provider, started out as a remittance company and has evolved into a platform with a suite of different financial products and services. Jury says that by empowering its customers to teach themselves, Mukuru has enabled many thousands of unbanked and underserved people to access products and services from which th...
The critical role of data quality KPIs in driving business success
Tech

The critical role of data quality KPIs in driving business success

By Sean Taylor, Co-Founder & Director at Insight Consulting Data is gold in our increasingly digitised world, just as the value of gold is only realised in the refinement process. Data needs to be refined to unlock its real value. Unrefined data can damage businesses, their competitiveness and ability to capitalise on opportunities. Good quality data, which is refined, can be leveraged to improve competitiveness, decision-making and profitability. The pace at which data is being collected and stored is unprecedented, and this will only continue to accelerate. Modern organisations expect Data to drive innovation, progress and competitiveness, however Data is only as good as its quality.  Poor-quality data can severely damage a business’s ability to make good, informed decisions. This...
Xprizo enhances fintech platform with iOS launch
Fintech, Kenya News

Xprizo enhances fintech platform with iOS launch

Xprizo, a cutting-edge iGaming fintech platform, has amplified its global reach with the launch of its iOS app. This marks a significant milestone in the company’s growth and development as a fintech platform serving the underbanked and unbanked demographics. With the introduction of the iOS app, Xprizo’s network of users across all device types can now enjoy the full potential of the platform. Until now, the app was only accessible on Android devices. The Xprizo web app remains available for PC users and will continue to provide its comprehensive services. The new iOS app includes a brand-new sleek, and modern UI that allows frictionless access to the rich array of fintech functions. Now included within both Apple and Android apps are debit and credit card deposits in all available curr...
Ethel Kuuya: Visionary Leader, Founder, Author and CEO of Advisory Kulture
Business, Interview, South Africa News

Ethel Kuuya: Visionary Leader, Founder, Author and CEO of Advisory Kulture

As an influential leader, Ethel presents a visionary philosophy that can inspire the next generation. Her transformative approach sets a new standard for leadership, which is crucial for nurturing future leaders. Her consulting firm, Advisory Kulture, offers successful leadership training that has been effective across various sectors. What type of business do you run? I run a consulting firm named Advisory Kulture. We specialise in providing strategic advice and tailored solutions to help businesses navigate complex challenges and achieve their goals. How long has your business been running for? Advisory Kulture has been operating successfully for 10 years, during which we have built a solid reputation for delivering high-quality consulting services. What mot...
Namibia’s Largest Oil and Gas Conference Returns in August
Energy, Namibia News

Namibia’s Largest Oil and Gas Conference Returns in August

Building on the success of its first edition, and in response to calls for a follow-up conference, the Namibia Oil and Gas Conference has confirmed it will return to Windhoek from 20-22 August 2024. With over 800 delegates, key industry stakeholders and players together under one roof, the first Namibia Oil and Gas Conference in 2023 was a resounding success - fuelling knowledge and innovation.  The conference laid the solid foundations of a strategic roadmap for guiding both the public and private sectors on how Namibia can best benefit from investments in the sector. The event is hosted by the Economic Association of Namibia (EAN), in partnership with the Namibia Investment Promotion and Development Board (NIPDB) and the Hanns Seidel Foundation (HSF), with the strategic partnership of...
How Africa Trades by Professor David Luke wins BCA African Business Book of the Year
African News, Business

How Africa Trades by Professor David Luke wins BCA African Business Book of the Year

David Luke, Professor in Practice and Strategic Director at the Firoz Lalji Institute for Africa at the LSE, wins the prestigious award for his book How Africa Trades at the BCA African Business Book of the Year Awards. Dipo Faloyin is the first runner up for his book Africa is not a country. Ethiopian Airlines: the African Aviation Powerhouse by Jozef Mols is the second runner up. Organisers encouraged more storytelling of businesses in Africa, and congratulated all those who entered. $17,500 of prize money distributed to the winners and runners up. The Business Council for Africa (BCA) held its highly-anticipated BCA African Business Book of the Year Awards ceremony last night, honouring exceptional contributions to business literature in Africa. The even...
Twiva Awarded in Categories; Top Rising Star and Best Online Social Commerce
Business, Kenya News

Twiva Awarded in Categories; Top Rising Star and Best Online Social Commerce

Twiva Ltd, Kenya’s pioneering AI-driven and influencer-powered social commerce platform, is celebrating a significant milestone after winning two prestigious accolades at the Kenya E-commerce Awards held at the Movenpick Hotel. Twiva proudly announces its victories in the E-commerce awards, bagging at 1st place, the Top Rising Star, Ecommerce Award and at first runner-up position, for the Best Social Commerce Platform; categories. This recognition is a game changer, marking the first official entry of the growing social commerce category into the coveted E-commerce Awards, which have been running for five years. The Kenya E-commerce Awards aims to honor excellence in shopping, retail, and customer success, spotlighting businesses that excel in creating exceptional shopping experiences. "...
Tech

FTTB for the SME: It’s time to step into cost optimisation

Alain Schram, Sales Manager at Vox talks fibre-to-the-business trends and how cost-effective connectivity is reigniting the small to medium enterprise Micro, small and medium sized enterprises (MSMEs) comprise 90% of companies globally, providing 70% of employment and nearly 50% of the global gross domestic product (GDP). They’re the heart of the economy and the pulse of growth within the country, and one of their most important growth factors is connectivity. According to the World Economic Forum, connectivity is a critical component of the small to medium enterprise (SME) success story as it enhances digital knowledge and skills, improves innovation, drives sales and cuts costs. In fact, it was a recent ITU study that found that 1% of mobile broadband penetration increased the GDP of de...