Energy startup becomes Africa’s first solar company to launch renewables payment scheme for Nigerians abroad Arnergy, Nigeria’s leading distributed utility company delivering solar energy solutions, has today announced the launch of the Diaspora Initiative – a groundbreaking scheme enabling the global Nigerian diaspora to invest in solar energy solutions on behalf of local individuals and […]
Author Archives: Africa Business
With the South African employment rate forecast to reach 43% by 2023, the focus has turned to leveraging the country’s strengths on a global level to provide multinationals with a hiring pool that is young, talented, willing to learn, and more cost-effective than what other markets can offer. This is according to Business Process Enabling […]
António Henriques da Silva Chairman of the Board of Directors of the Luanda-Bengo Special Economic Zone and Chairman of the Board of Directors of Angola’s Agency for Private Investment and Export Promotion (AIPEX) The Republic of Angola has always generated enormous interest from investors in all sectors all over the world. However, recently the economic […]
Created in 2014, at the initiative of President Macky Sall, the Dakar International Forum on Peace and Security will be held on December 6 and 7 in the Senegalese capital, in the presence of around a hundred decision-makers from the continent, including several dozens of Heads of State – notably those of Niger, South Africa, […]
As the pandemic dispersed the workforce, necessitating more sophisticated means to connect, collaborate and communicate, digital transformation became a business imperative. Fikile Sibiya, CIO at fintech specialist e4, explains why a roadmap for the future is essential in this transformation, and elaborates on what it should entail. Organisations in diverse industries are transforming their business models by […]
DUBAI – On the sidelines of the participation of the Democratic Republic of Congo in the Expo 2020 Dubai, the National Investments Promotion Agency of the DRC (ANAPI), represented by its Director General, Mr. Anthony Nkinzo Kamole, and Dubai Investment Development Agency (Dubai FDI), represented by its Chief Executive Officer, His Excellency Mr. Fahad Al […]
Lessons from the insurtech start-up that caught the eye of industry giants While November has always been synonymous with National Entrepreneurship Month, you’d be forgiven for wondering if it’s really necessary to dedicate 30 days to encouraging the entrepreneurial spirit, when it seems that just about everyone aspires to be coffee-guzzling, always-hustling, meme-inspiring business owner nowadays. Yet, as any […]
The impact investing market now stands at around US$715 billion globally and this figure is climbing steadily[i].What’s more, 43% of impact investors have funds allocated to Africa, with 52% of investors planning to increase their African investment over the next five years[ii]. With South Africa being the largest market for impact investing within Southern Africa[iii], […]
AfricArena, which provides open innovation challenges, research and dealflow services to help accelerate the work of founders, investors and corporates, hosted its fifth annual Summit from 16 – 17 November in Cape Town. It was preceded by its Founders’ Bootcamp and VC Unconference Weekends, attended by 60 high level international investors and 40 startups from […]
Airtel Money, the dedicated mobile money platform, is driving better efficiency for businesses to engage in seamless mobile money activity with its upgraded Airtel Africa Developer Portal. The portal, using several Open APIs and solutions, integrates remote payments with Airtel Money wallets, to provide greater ease of access for Airtel Money services across multiple business […]
AURA, the leading African-based security and medical response marketplace, has secured R62 million in a Series A funding round, which was led by MultiChoice Group (MCG), KLT Holdings and Buffet Investments. This positions AURA favourably for its global expansion plans. AURA is a marketplace that enables anyone to access the closest vetted private and public security and […]
One of the world’s fastest growing FinTechs having added 1.5 million customers in the last 6 months alone. Accelerating customer growth driven by strategic investment following landmark $125M Series B funding round in May 2021. Investment and innovation driving financial inclusion, set to unlock $5.4bn in annual savings for consumers and SMEs by 2025. Paysend, […]
The Annual Investment Meeting 2022 has announced prizes for Startups attending the pitching competition. The Annual Investment Meeting will serve as the premiere platform for Startups planning to scale up & expand to Dubai. The world’s renowned and leading investment platform, The Annual Investment Meeting, will be providing prizes for startups at the startup pitch […]
Healthtech startup, DrugStoc has raised USD 4.4 million in Series A funding to expand access to quality medicines while providing sustainable supply chain financing for healthcare providers in Sub-Saharan Africa. The funding round is led by Africa HealthCare Master Fund (AAIC), and other investors include Chicago-based venture firm Vested World and the German Development Bank […]
In 2020 and 2021, the African continent spawned more unicorns than ever before with at least eight companies now being valued at more than one billion dollars by investors. To keep the momentum going in 2022, Pranary (formerly Startup Circles), will be kicking off its Business Growth Week from Monday, the 15th of November 2021. This is a free […]
For the past few weeks, Stellenbosch’s best and brightest minds have been pitching their novel ideas to turn Stellenbosch into a ‘Smarter City’ as part of the second annual #IdeasForChange Challenge. After much deliberation, the judges have announced their top three finalists who will now be entered into a poll on social media and vie […]
The Luanda-Bengo Special Economic Zone (ZEE) launched a useful new tool for investors, the GAI (Guiché de Apoio ao Investidor), or Investor Support Office, which in addition to supporting the presidential directive to facilitate access for national and foreign investors, will eliminate bureaucratic obstacles that can hinder the actions of those who want to access […]
A new book from Burnet Media, Cape Town will inspire and guide the next generation of African entrepreneurs. Failing To Win by Mike Quinn is the authentic story of a uniquely African startup at the forefront of the continent’s fintech revolution. Inspired to become the “M-Pesa of southern Africa” after Kenya’s pioneering mobile money innovation, […]
Zero-emission fuels and vessels must start being deployed at scale over the next decade to achieve full decarbonisation of the shipping sector by 2050. Scaling the first pilots and demonstrations into industry-wide solutions will be challenging, given the complex nature of the global shipping industry. Produced for the Getting to Zero Coalition, the new study […]
Global losses from payment fraud have tripled from US$9.84 billion in 2011 to US$32.39 billion in 2020, according to Deutsche Bank’s 2021 report on the future of payments. And financial professionals are saying COVID-19 hasn’t helped matters, with 65% believing that the global pandemic is to blame for some of the accelerated rate in fraud […]
His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, toured Egypt pavilion at Expo 2020 Dubai and expressed his admiration for the display and amazing content of the pavilion, especially the mixture of history and civilization, as well as the vision for […]
This week, the 2021 United Nations Climate Change Conference (COP26) got underway in Glasgow, turning the world’s attention to the global climate crisis and the solutions needed to address this. But many solutions already exist… in Africa. “Whilst we are delighted that nearly 500 global financial firms have agreed to align $130 trillion – 40% of the […]