African business opportunities Archives

17Sep

By Africa BusinessNo Comments

African News, Startups

First of Its Kind Fund Launches to Fuel Sustainable Development Goal-Driven Innovation in Africa

Focussed on catalysing dramatic change via disruptive tech investments in emerging markets, the Global Innovation Initiative Group (GIIG), has today announced the launch of a unique profit and purpose fund aimed at investing in early-stage tech innovation startups across Africa. The GIIG Africa Fund, a Curaçao-based private investment fund, will invest annually in the winners pool from the African region of the Global Startup Awards (GSA), the worlds’ largest independent start-up ecosystem competition. The aim: to stimulate entirely new industries, accelerate cross-border collaboration and unlock access to new markets across Africa. As the exclusive rights holder for the Awards, GIIG will have access to an active pipeline throughout the African continent comprised of vetted participants a...

12Sep

By Africa BusinessNo Comments

Energy, Events, Uganda News

Driving the Final Steps in Commercialisation and Production

Government and industry leaders to gather this month for the return of the Uganda International Oil & Gas Summit Marking its 6th edition, the Uganda International Oil & Gas Summit (UIOGS) will return from 28-29 September hosted in partnership with the Ministry of Energy and Mineral Development, Uganda in a virtual format, via the energy advance platform. Hon. Ruth Nankabirwa, Minister of Energy and Mineral Development (Energy), will deliver the opening address to delegates, followed by an overview of the latest updates on the Hoima – Tanga Pipeline Project from Eng. Irene Pauline Batebe Okello, Energy Ministry – Permanent Secretary, Dr. Ernest Rubondo, Executive Director and Secretary to the Board, Petroleum Authority of Uganda and Ms. Proscovia Nabbanja, CEO, Uganda National Oi...

7Jul

By Africa BusinessNo Comments

Tech

Ericsson Mobility Report: Sub-Saharan Africa to reach 70 million 5G subscriptions by 2026

Discernible volumes of 5G subscriptions are expected from 2022, reaching 7 percent in 2026. By the end of 2026, Sub-Saharan Africa will have around 70 million 5G subscriptions Consumers will have added an average of 3.4 online services to their daily online activities by 2025 Ericsson recently unveiled two reports that, together, forecast the post-pandemic world and the future of 5G in Sub-Saharan Africa and around the world. Ericsson projects that 5G mobile subscriptions will exceed 580 million by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day. The forecast, which features in the latest Ericsson Mobility Report, confirms the expectation that 5G will become the fastest adopted mobile generation. 5G is expected to surpass a billion subscri...

22Jun

By Africa BusinessNo Comments

Events, Main, Zimbabwe News

Unlocking Sustainable Investment in AFRICA through AIM-AFRICA

AIM AFRICA will be a powerful impetus in strengthening AFRICA’s economic stability, sustainability, and growth. The African continent has immense untapped economic potential that presents innumerable opportunities for investors. The continent is also emerging as one of the preferred destinations for investments. According to data released in 2020 by the United Nations Population Division, 56.2% of the global population now lives in urban areas. This figure is projected to increase to 75 percent by 2050, at a growing rate of 65 million urban dwellers annually. This fact illustrates the degree to which demography will shape the future of Africa. The increase in the population combined with the effects of urbanisation and rising levels of affluence are likely to attract investors into most o...

9Mar

By Africa BusinessNo Comments

Events, Kenya News, Medicine, South Africa News, Startups

Announcing Winners of the 8th Edition of the Sankalp Africa Summit Awards

Over 1,200 delegates virtually convened for the 3-Day summit on ‘A Resilient Africa - Forging Solutions for the Impact Economy’ Sankalp Forum, an initiative of Intellecap hosted its 8th Edition of the Sankalp Africa Summit, in a virtual format, from the 2nd to 4th March 2021, one of Africa’s largest inclusive networking platform focusing on entrepreneurship and the impact investing ecosystem. Some of the key highlights of the summit include the awarding of the top three most innovative young entrepreneurs in Africa and sharing of sector insights on, rebuilding a resilient universally accessible health system capable of rapidly detecting, assessing, reporting; rebuilding robust local institutions in Africa to attain globally competitive levels post Covid-19; and eliminating social and econo...

29Jan

By Africa BusinessNo Comments

Egypt News, Ghana News, Kenya News, Main, Mauritius News, Nigeria News, South Africa News

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compared to H2 2019 with 329 deals in the period. Deal value fell by 17% to USD8.9 billion in the second half of 2020, compared to the same period in 2019. For the full year 2020, transactions dropped by 8%, with 625 deals in 2020, and deal value dropped by 33%, with deals valued at USD17.4 billion in total for 2020. However, as Africa gears up for its post-pandemic recovery, it appears that the opportunities presented by the recent launch of fr...

The challenges and opportunities of big businesses in developing countries – From Storeroom to Boardroom

27Jan

By Africa BusinessNo Comments

Business, Nigeria News

The challenges and opportunities of big businesses in developing countries – From Storeroom to Boardroom

What does it really take to succeed in big multinational businesses in the developing world? One man’s remarkable journey from a rural Nigerian village to a top job in a global corporation describes the challenges, the opportunities and the issues we must all face up to if we are to create positive organizational and societal impact, equality and equity in global businesses. Babs Omotowa has written From Storeroom to Boardroom to share his insight on the challenges and opportunities of big businesses in developing countries including on, climate change, oil spills, corruption, transparency, culture, government relationships and societal (community and capacity) development. Babs Omotowa has spent his life rejecting the status quo. His own career disproves the unthinking perception that Af...