business in Africa Archives - AfricaBusiness.com

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

22Apr

By Africa BusinessNo Comments

Business, Startups

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

Africa’s Leading Early-Stage VC Surpasses Target for Its Second Fund, TIDE Africa II, Focused on Seed & Series A Companies Today, TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and Series A investor, the new fund accelerates the firm’s mission to partner with elite founders to tackle Africa’s biggest and most complex challenges with innovative solutions that will unlock massive value in the continent’s critical sectors. At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new, high-profile LPs alongside returning LPs from the firm’...

15Aug

By Africa BusinessNo Comments

Business

How Africa is Becoming a Global Business Giant

By Alex Sanders If you ask people around the world which countries and continents are global leaders in business, most likely you’ll hear the United States, China, and European countries come up. However, a shift appears to be happening: Africa is starting to emerge as a real player in world commerce. Because of its natural resources, younger population, and growing middle class, Africa is becoming an attractive option for investors and corporations. This article will explore some of the ways Africa is raising its profile in global business. From hosting more summits and conferences to entrepreneurship and innovation, foreign direct investment, and regional integration, Africa is demonstrating a potential to drive economic growth and shape the future of the global economy. Access to Wo...

Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity

29Dec

By Africa BusinessNo Comments

Africa Travel, Business, Senegal News

Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity

By Lydia-Claire Halliday, Executive Director, Stakeholder Relations & Strategy, LCH Consultancy Ltd. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure The African aviation market has been underserved for a long time. Before 2020, only 9% of Africa's air traffic was between African countries, the rest being intercontinental. And today, globally, the region accounts for less than 2% of total air traffic despite being home to around 17% of the world’s population. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure. Indeed, unlike the United States and Europe, where there ...

18Nov

By Baker McKenzieNo Comments

Main

Ten reasons to consider African trade and investment opportunities in 2022

By Lerisha Naidu, Partner, Competition & Antitrust; Lodewyk Meyer, Partner, Banking and Finance; Mike van Rensburg, Partner, M&A; and Virusha Subban, Partner, Customs and Trade, Baker McKenzie Johannesburg 1. Visible green shoots – rising commodity prices The pandemic closed borders and stopped trade, other than for essentials, across the continent and was the principal reason for a decline in investment in 2020. A lack of available capital and acquisition finance, as well as difficulties pricing deals in an uncertain market, also affected investment. Other reasons for declining investment, included that the levels of economic activity have slowed in the major African economies, such as Nigeria and South Africa. However, green shoots are visible and market fundamentals are sig...

27Sep

By Africa BusinessNo Comments

Tech

Dell Technologies Emerging Africa Forum to Showcase the Power of Transformative Technologies

With digital transformation being a key priority for businesses and government across East, West and Central Africa, Dell Technologies has reinforced its commitment to providing its customers with advanced technologies that drive business continuity and growth. Dell Technologies Forum Emerging Africa takes place on October 6, 2021 and will bring together business leaders and industry experts, to share their insights on how technology can help shape the future success of businesses. The event will also serve as a platform for Dell Technologies to showcase its ground-breaking portfolio of enterprise and consumer solutions that accelerate the digital delivery of modern IT services that can differentiate a business, its products, and operations. Mohammed Amin, Sr. Vice President – MERAT wil...

5May

By Dr Nicolas KyriakidesNo Comments

Main

How to: Transform Lobbying

For businesses in Africa, lobbying can play a vital role in creating a more open, business friendly legal system which is fit for purpose. However, throughout history, the process of lobbying policymakers has been open to abuse and at times, controversial. One only has to look at Britain’s current Greensill scandal and the accusations facing the government of cronyism to know that there is often no easy solution to these problems, and even with legislation in place, the lobbying process can be wide open to abuse. The pandemic has also exposed the often-blurred lines between the public and private sector, especially when it comes to awarding contracts for public health work. Why is lobbying important? However, whilst the motivators and ethics behind certain lobbying activities can certainly...

7Apr

By Africa BusinessNo Comments

Business, South Africa News

How cost cutting can help SMEs grow

Reducing the cost of supplies, inventory or business operations is common practice amongst many small business owners. Not preserving enough cash could land a business in deep waters and in need of a lifeline. For business owners, curbing your expenditure is a practical way to improve your cash flow without incurring risk to your business. According to Trevor Gosling, Co-founder and CEO of Lulalend – financing partner to South Africa’s small- to medium-enterprises (SMEs), spending countless hours worrying about your business finances is time wasted and could be best spent strategizing realistic solutions. Gosling explains that by creating a well-documented plan to engage in a cost-reduction strategy is essential. “Map out any areas in your business that could do with an overhaul or cost re...

24Feb

By Africa BusinessNo Comments

Events, Startups

Calling African Innovators: Solutions for Sustainable Living and Economic Development in Africa Sought

Appliance giant Defy to aid in the advancement of projects that ensure the sustainability of trade, natural resources, and life in Africa From 5 - 7 March 2021, leading manufacturer of home appliances, Defy, will be hosting the Hack The Normal online hackathon with the aim of exploring how technology can be leveraged for sustainable living and economic development in Africa. Supported by Defy sister company, Beko, hackathon participants will have the opportunity to develop new products, services, and business models with commercialisation potential to address one of the following challenge areas: Financial Solutions: With Africa rapidly becoming a key player in the global economy, the continent must prepare itself for a surge of commercial activity with all the supporting services nece...

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...

How Optimized Energy Management Delivers Reliability, Efficiency and Sustainability at the Fekola Mine in Mali

18Jan

By Africa BusinessNo Comments

Energy, Mali News

How Optimized Energy Management Delivers Reliability, Efficiency and Sustainability at the Fekola Mine in Mali

Op-Ed By Luke Witmer, General Manager, Data Science, Wärtsilä Energy Storage and Optimization Since B2Gold first acquired the Fekola gold mine, located in a remote corner of southwest Mali, exploration studies revealed the deposits to be almost double the initial estimates. A recent site expansion has just been completed, and while the existing power units provide enough power to support the increase in production, the company sought to reduce its energy costs, cut greenhouse gas emissions, and increase power reliability. The addition of a 35MWp solar photovoltaic (PV) plant and 17MW/15MWh of energy storage to the existing 64MW thermal engine plant was decided. This new energy mix is anticipated to save over 13 million litres of fuel, reduce carbon emissions by thirty-nine thousand tons pe...