eWAKA (https://eWAKA.tech/), one of Africa’s most promising sustainable mobility startups, has received strategic support from the State Secretariat for Economic Affairs (SECO) Start-up Fund of the Swiss Confederation. SECO Start-up Fund has offered a 500,000 CHF loan that will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative and sustainable mobility […]
Author Archives: Africa Business
White sandy beaches, crystal clear waters, delicious drinks and scorching hot days is usually what comes to mind when someone mentions the word ‘vacation’. However, there is so much more of the world to explore than simply embarking on island getaways. For many, visiting one of the major cities in the world is an ideal holiday destination and something tourists should consider on their next […]
Fintech, Senegal News, Startups
Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022
Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with +8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23% Partech Africa, the […]
Business, South Africa News
Senzo Tsabedze’s 7 Things to expect in the Fleet Management sector in Africa in 2023
2022 was a progressive year in the fleet management industry worldwide with several companies regaining their usual momentum that was disturbed by COVID-19 from early 2020 into 2021. Today, we get an expert forecast on what we should expect to happen in the fleet management sector this year in Africa from Senzo Tsabedze. Senzo Tsabedze […]
Field operations apps are invaluable for businesses, allowing project managers to connect with field technicians, streamline operations, and improve customer service through timely and quality service. They offer companies a way to make their services more efficient, reliable, and cost-effective. However, for these apps to be successful, the right and up-to-date technologies must be in […]
Fintech, Nigeria News
Touch and Pay [TAP] launch Cowry card cashless fare collection technology on new LRMT Blue Rail Line
500,000 Lagosians set to benefit as Nigerian startup becomes first local company to unify rail, bus and ferry via contactless cards Touch and Pay Technologies [TAP], a Nigerian fintech company and leading processor of micro-transactions in Africa, announced today that for the first time, rail passengers across Nigeria’s largest city, Lagos, can access the newly launched […]
Energy, Events, South Africa News
Energy to shape the economic future of Africa’s automation and manufacturing industries
SA’s leading trade conference looks for real answers to hard questions from industry experts The importance of energy security in shaping South Africa’s economic future is a key focus at the Africa Automation and Technology Fair (AATF), the continent’s most comprehensive and focused automation platform. Taking place between 9-11 May 2023 at the Johannesburg Expo Centre […]
African News, Main
United States and Africa: increased engagement regarding trade creating opportunities in the African free trade area
By Virusha Subban, Partner Specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie Johannesburg There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the […]
Energy, Uganda News, Zambia News
Evaluating the Continued Need for Liquidity Instruments for IPPs as ATI Closes Phase 1 of its Regional Liquidity Support Facility (RLSF)
By Obbie Banda – Underwriter | Acting RLSF Coordinator, African Trade Insurance Agency (ATI) The African Trade Insurance Agency (ATI) issued the fifth policy under its Regional Liquidity Support Facility (RLSF) in support of the 7.8 MW Nyamwamba II Run-of-the-River hydropower plant in Uganda on 19 May 2022; closing Phase 1 of RLSF, a liquidity instrument jointly founded […]
Cybersecurity has become an increasingly important aspect for modern businesses and individuals alike. Cybercriminals are taking advantage of modern technology to stay ahead of security teams across organizations. This has led to a surge in attacks. Of course, the COVID-19 pandemic contributed greatly to this accelerated rise in cyber attacks, but the stage was already […]