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, […]
Author Archives: Africa Business
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 […]