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.