Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap. The Fund, which was significantly oversubscribed, attracted commitments from new and existing investors globally.
Category Archives: Business
Business
As organisations step up efforts to leverage the capabilities of artificial intelligence (AI), it is essential for both AI developers and regulators to consistently contemplate, integrate, and advocate for ethical considerations throughout the entire process. That’s according to Hope Lukoto, Chief Human Resource Officer at BCX, who points out that while AI promises a plethora of business benefits, responsible use of the technology is key to unlocking its full potential.
The African Continental Free Trade Area (AfCFTA) is predicted to increase Africa’s trade income by USD 450 billion by 2035 and will boost intra-African trade by more than 81 percent, according to a recent report by the World Bank.
Africa’s mid-market businesses, the backbone of the continent’s economic growth, can find themselves trapped in a financing void. With annual revenues typically surpassing $10 million, these companies find themselves in a precarious position – too large for microfinance, yet too small or risky for traditional banks.
In an era where change is the only constant, businesses must adapt and evolve to stay ahead. Penquin, the brand and communication agency based in Johannesburg, is leading by example, embracing transformation with open arms. The agency recently made headlines with the unveiling of its brand-new logo and refreshed corporate identity (CI), marking a significant milestone in its journey.
In 2024, Egypt and the Big 5 global hotel chains—Accor, Hilton, IHG, Marriott International, and Radisson Hotel Group—lead Africa’s hotel development, capturing a market share of 28% and 71% respectively, as per the latest African Hotel Chain Development Pipeline report by W Hospitality Group. With over 92,000 rooms in 524 hotels across the continent, the report highlights a surge in resort growth and Egypt’s remarkable dominance in the market.
This piece discusses the critical shift from omnichannel to ambient technology and the need for retailers to ground their aspirations in reality.
Upuli De Abrew, Director at Insight Consulting explains why the synergy of business and IT will be key to harnessing Africa’s full potential.
Tosin Eniolorunda uses his knowledge and experience of running a high-growth organization to share actionable insights on how everyone including business leaders can make better decisions and ensure the continuity of their business concerns.
Business, Medicine, Startups
Ilara Health Secures $4.2M Pre-Series A to Digitise Fragmented Primary Healthcare in Africa
Kenya-based start-up to scale investment in thousands of Primary care clinics through new technology and enhanced business model.
As the Managing Director of Crown Relocations South Africa, a leading force in international relocation, Ian Pettey has witnessed firsthand the challenges and triumphs that come with moving families across borders. International relocations represent not just a change in geography but a profound shift in culture, lifestyle, and identity. In this era of globalisation, where mobility is increasingly common, the ability to navigate cultural differences with sensitivity and understanding has become more crucial than ever.
Chris Taylor, the Head of the African Business Group at Addleshaw Goddard the international law firm, has provided insights into the investment outlook for Africa in 2024.
Business, South Africa News
The year of possibility: trends that will shift the accountancy landscape in 2024
Leana Van Der Merwe, Technical and Standards Executive at the South African Institute of Professional Accountants (SAIPA), provides her expert insight on the trends that will shift the accountancy landscape in 2024 and the opportunities that await the profession.
Business
Black Business Owners Urged to Capitalize on Final Days of African Collective Global Business Month
As the inaugural year of African Collective Global Business Month enters its final week, Black Business owners are encouraged to take advantage of the special offer to have their businesses found by people around the world who are looking to support businesses owned by people of African Descent.
Business, Interview, Main, Namibia News
Interview with John Sisay on Mining Industry Trends in Namibia
John Sisay is the CEO of Ongopolo Mining Limited and has over 20 years of experience working for some of the largest global and regional players, including De Beers.
With a USD 1.60 trillion market cap, the imminent intensification of Amazon’s operations in South Africa will come to shape the practices and standards that characterise and grow the domestic e-commerce landscape.
In an era marked by an urgent need for sustainability, the aviation industry stands at the forefront of change. KLM Royal Dutch Airlines understands the gravity of this responsibility and is actively working towards making air travel more eco-friendly.
Whether you are an entrepreneur, logistics manager, or just curious about transportation, look no further. This blog post will dive deep into everything LTL (less-than-truckload) shipping has to offer and give a crash course on what it means, how it works, and why its popularity continues to increase in today’s market. So let’s get into it.
In the fast-paced landscape of marketing, one trend is poised to take centre stage in 2024 – Inclusive Marketing.
Jessica Hawkey, MD of redAcademy, details how to implement demand-led skills training in an IT department within a company, as well as its benefits.
Everyone should be able to answer: How do you use data to drive commercial results and insights?
Business, Main
African markets impacted by FX volatility and inflationary pressures in sobering 2023
The African business ecosystem has matured, despite a 2023 characterised by macroeconomic and funding challenges, says Risana Zitha, Managing Director and Head of Africa at DAI Magister