The African Development Bank has approved a $50 million line of credit to Nigeria's Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors.
Frankfurt-based firm GreenTec Capital has announced that it is expanding its West African presence with the opening of a new office in Lagos, Nigeria.
London-based startup accelerator Founders Factory has partnered with Standard Bank to launch its first international location in Johannesburg, South Africa to build and scale a further 100 technology startups.
Despite Africa’s impressive growth in past 25 years and its entry into the digital economy, the job market continues to be in a depressed state as youth unemployment continues to rise.
Kenya’s President Uhuru Kenyatta has said the Government will streamline its processes so that it accords Small and Medium Enterprises (SMEs) the support they deserve.
IFC, a member of the World Bank Group, is strengthening its partnership with Al Amana, Morocco’s largest microfinance institution, to increase funding for micro- and small-scale entrepreneurs
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.
Egypt’s The Next 100 African Start-ups initiative, organized jointly by the country's Ministry of Investment and International Cooperation (MIIC) and the International Finance Corporation (IFC) has announced that it will invest in 100 promising startups from Africa.
Habitat for Humanity’s Terwilliger Center for Innovation in Shelter, BDO EA and Pangea have launched the ShelterTech 2018 program in Kenya.
VC4A has announced the eight Africa ventures that have been selected for the 2018 VC4A Venture Showcase – Series A.
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
Vivo Energy Maroc and Butagaz brand Liquefied Petroleum Gas, have announced the renewal of its partnership with the Injaz Al Maghrib association during a commitment session to the volunteer program.
KiteBnB will be expanding into South Africa and Mauritius through AccelerAfrica, a business development company that helps technology companies from Europe to penetrate the African market ina a smooth, fast and cost efficient manner.
Egypt’s first mobile community platform for the real estate industry iCommunity has announced $600K in Series A funding from Algebra Ventures, Egypt’s largest venture capital fund.
The web and USSD agritech startup will now represent the country the country at the Seedstars Summit in Switzerland to compete for up to $1 million in equity investment and other prizes.
AfriLabs, the largest network of technology and innovation hubs across Africa, has admitted 23 new hubs into its network making it a total of 123 hubs across 34 African countries.
Wenadata won the Maputo competition and will now represent the country at the Seedstars Summit in Switzerland to compete for up to USD one million in equity investment and other prizes.
Pan-African telecoms group Liquid Telecom is supporting young entrepreneurs at the Westerwelle Startup Haus Kigali through its high-speed internet and cloud-based services.
Microsoft has teamed up with the Lions@frica initiative of the African Technology Foundation to empower the startups finalists that will be pitching at DEMO Africa 2018.
The Ed-tech startup which aims to improve the quality of teaching via the internet by providing access to digital lessons beat 10 other startups to emerge the overall winner.
The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative.
The Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana and the Ambassador of the Federal Republic of Germany to Rwanda Dr. Peter Woeste, have signed a financing agreement worth €42 million.
This week, the ever aggressive South African business world has seen two major companies, Vivo energy and Naspers all set to list on Johannesburg Stock Exchange (JSE).
The 164th Session of the Governing Board of the OPEC Fund for International Development (OFID) has approved over US$270 million of new funding to benefit developing countries across the globe.
OFID, the OPEC Fund for International Development has extended grants in support of the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) and Bibliotheca Alexandrina.
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
The African Innovation Foundation (AIF) has named the top 10 startups that will compete for its prestigious Innovation Prize for Africa (IPA) 2018 awards.
Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost the economic development of Africa on 10th September 2018.
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
As part of employee volunteer programme, Samsung has arranged the Global Start-up Acceleration Programme in South Africa, in partnership with (SEDA) and NGO Nangila to mentor start-ups in various fields to support the sustainable growth of entrepreneurs.
At first glance, it seems business as usual, but that could not be farther from reality. Business has never been more positive, rapid, nor disruptive.
Francis Vesta is Senior Investment Analyst at Itanna, an offshoot of the Honeywell Group in Nigeria.
Artisanal timber millers are the key suppliers to Ghana’s domestic timber market. However, they have only limited access to commercial timber from production forests.
Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa.
Four businesses that are shaking up financial services have been named as finalists in AlphaCode’s recently launched accelerator programme, AlphaCode Accelerate.
The East African Community (EAC) and the Food and Agriculture Organization of the United Nations (FAO) have reaffirmed their commitment in creating more job opportunities for East African youth in the agriculture sector.
IFC, a member of the World Bank Group, and Egypt’s Ministry of Investment and International Cooperation (MIIC) have signed an agreement to support young entrepreneurs and start-ups in Africa to drive innovation and economic growth.
Agri-tech startup Agro Supply Uganda Limited is the winner of Seedstars Kampala. The startup beat ten other startups that had been selected present ideas at the Seedstars competition held at Outbox Hub last Friday.
Paystack, a Nigeria-based startup providing payments tools to businesses in Africa, has raised $8 million in Series A funding.
Minister for Africa at the Foreign and Commonwealth Office and the Department for International Development Harriett Baldwin has announced a major new jobs creation and investment programme during a visit to Ghana.
The economic well being of any nation rests on the country’s ability the create sustainable jobs for all.
The Forum will be held in Kigali, Rwanda on 5-8 September 2018
The United Nations Industrial Development Organization (UNIDO) has taken part in the Regional Youth Conference in Rwanda.
As the business world becomes more and more technology dependent, it has become impossible to separate that technology from any kind of development. Words like ‘investment’ and ‘startup’ seem inevitably connected to ICT.
Plaas, a farmers blockchain platform is set to revolutionize Farmers Management System (FMS) in Africa.
AlphaCode, an initiative of Rand Merchant Investments, has set aside R16 million to identify a new generation of financial services entrepreneurs through its AlphaCode Incubate initiative.
The Government of Ghana, through the Ministry of Communications, is implementing an ICT Innovation Project at the Accra Digital Centre under the eTransform Ghana Project aimed at nurturing Tech Startups to promote digital entrepreneurship and create digital jobs for the youth.
There are two strong arguments why we need to get greater women and youth involvement in agriculture – pragmatic and strategic.
Itanna will roll out four-month innovation programmes for tech-enabled Nigerian startups from its newly built Enterprise Factory in Lagos, with its pilot cohort of startups receiving USD $25,000 each in investment from Honeywell Group.
According to Google Trends last year, South Africa registered the largest ‘Black Friday’ search interest of any country, even ahead of the US where the retail mega-event was conceived.
Mines, a Nigerian fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth.
In recent times, there is a growing recognition of the important role that small and medium-scale enterprises (SMEs) play in the economic growth and development of Nigeria.
Fifteen teams of a total of 32 emerging African social entrepreneurs have been selected as winners of the 2018 Resolution Social Venture Challenge.
Submissions for the 2018 Meet The Farmers Conference Innov8Agric Challenge are now open.
Oil and gas executives and business leaders drawn from the oil and gas value chain will be gathering in Dar es Salaam, Tanzania, on Friday, 17th August 2018, for the launch of the Upstream Oil & Gas Awards.
Alibaba Group founder and Executive Chairman Jack Ma has launched a $10 million ‘Netpreneur’ Prize for African entrepreneurs. The money will be donated through his Jack Ma Foundation to support entrepreneurs working to address Africa’s most important challenges.
The upcoming third edition of the Nigeria Mining Week in Abuja from 15-17 October 2018 will provide access to all the practical knowledge, valuable connections, decision makers for would-be and established mining companies.
With competition across public and private sector now being driven by innovation, Kenyan institutions have invested heavily in modernizing operations and selling the convenience message to customers.
This has been perhaps one of the busiest weeks for African startups seeking funding to improve the operations or products.
Safaricom Foundation’s Wezesha programme has partnered with Generation Kenya to equip unemployed youth aged 18-35 with the knowledge, skills and tools required to succeed in a job.
The quest for convenience from businesses and a growing middle class has opened up doors for errand running businesses that offer a host of services from food deliveries, filling of returns and data entry services among others.
For the 10th anniversary of gamescom, during the largest European game convention, several African game developers will participate in devcom, the interdependent game developer conference.
The Competition Amendment Bill (Bill), introduced in parliament in South Africa recently, has clearly shown that enabling small and medium enterprises and Previously Disadvantaged Individuals to be able to successfully compete in the market.
The African Development Bank in partnership with the Federal Government of Nigeria has inaugurated a Task Force to drive its first Public-Private Round Table on Youth Employment and Skills Development.
WITS Enterprise has welcomed a new unit to its fold, The Entrepreneurial Wayz
The Village Enterprise Development Impact Bond (DIB), the first impact bond designed to reduce extreme poverty in rural sub-Saharan Africa, has closed its initial round of funding.
Africa Green Revolution Forum pulling together stakeholders in the agricultural landscape, will host a Dealroom connecting investors with business owners
AlphaCode, an incubation, acceleration and investment vehicle for early-stage financial services businesses powered by Rand Merchant Investment Holdings is looking for businesses or ideas that could change the face of financial services.
As industries grow, so does the job market, consumer satisfation and investor confidence. Nigeria is gaining a reputation as fertile ground for both business expansion and takeoff point for startups.
Kenyan agri-tech startup Tulaa, which allows smallholder farmers to access inputs, credit and markets, has raised a US$627,000 seed round to fund its continued expansion in the East African country and further develop its platform.
Out of the $560 million technology startup investments that entered Africa in 2017, Nigeria earned $114.6 million.
As part of its contribution towards building a financially savvy generation, The Nigerian Stock Exchange has partnered with Kinabuti Fashion Initiative to empower young people with entrepreneurial skills and financial literacy.
GreenTec Capital has announced its investment into Bismart Insurance from Kenya. Leveraging on cutting edge technology, the company provides a digital interface to offer insurance products and services across Africa.
At a time when the electricity needs of Africa continue to outstrip available supply, a company in Nigeria is investing in providing low cost, clean and sustainable energy to especially those not connected to the national grid.
Small businesses will be critical to South Africa in the 4th industrial revolution while access to information will revolutionize education.
American Founder of Pursue Your Purpose LLC and Forbes Coach, Tamiko Cuellar, will be launching a 4-city "Own Your Brilliance! Tour throughout South Africa and Namibia for aspiring and emerging women entrepreneurs.
A new study by the Access to Seeds Index evaluated 73 seed companies across 19 countries in Eastern and Southern Africa. This resulted in the selection of 22 companies best positioned to support the productivity of smallholder farmers and the SDGs.
Tshimologong Digital Innovation Precinct, founded by Wits University has today launched a Digital Content Hub, an incubator of innovative and creative audio-visual content, in partnership with Agence Française de Développement and the French Institute of South Africa.
A job to promote the blockbuster movie Black Panther may have been one of Osborne Macharia’s greatest breakthroughs, but it also embodied the long and adventurous journey for this Kenyan photographer and digital artist.
Alibaba Business School and the United Nations Conference on Trade and Development brought 29 young entrepreneurs from 11 countries across Africa to the Alibaba campus in Hangzhou, China for the third eFounders Fellowship cohort.
Liquid Telecom has partnered with AfriLabs, the largest network organisation of 100 innovation centres across 30 African countries, to explore new ways to support local start-ups and promote sustainable innovation across Africa.
TEMBISA, the Youth Employment Service has launched its first Community Hub, a smart infrastructure solution that aims to address youth unemployment challenges in South Africa.
The United Nations Development Programme (UNDP) has launched a Pan-African Entrepreneurship Portal-Platform, facilitated by Accenture.
Pan-African entrepreneurial training program, seed fund, and incubator MEST, has closed its third successful MEST Africa Summit.
Kenya will work with the U.N. Economic Commission for Africa (ECA) to protect and grow start-up tech innovations and to unlock pension funds to deploy in developing the country, President Uhuru Kenyatta has said.
The World Bank has approved a $50 million International Development Association credit to increase scale innovation and productivity amongst Kenya’s enterprises.
Ford Motor Company Fund is expanding its community empowerment and upliftment programs in South Africa with the establishment of the Booth Schoch Future Success Fund.
A 24-year-old Ugandan software engineer has won the Africa Prize for Engineering Innovation.
TFhost.ng a leading domain name registrar and hosting service company has broken bounds by earning quadruple accolades from the Nigerian superintendent registry.
The 2018 edition of Africa Code Week (ACW) has kicked-off in Madagascar with its first-part series of Train-the-Trainer (TTT) workshops.
AfriLabs, a network of technology and innovation hubs across Africa has admitted 40 new hubs; its largest hub admission to date into its network.
Microsoft and First Bank of Nigeria will collaborate to provide small- and medium-sized businesses (SMBs) with an array of resources and support, including business networks, technology services and SMB-targeted products.
Orange has partnered with Google through Orange Digital Ventures (ODV), the Group's corporate venture fund, to join forces in financing the best startups.
At first glance, one cannot help but notice that Nigeria is prime ground for investment. Any doubts as to that fact are dissolved when you examine the sheer number of startups being funded, especially in the ICT sector.
Nigeria’s Piggybank.ng, an online and mobile app savings platform targeted at African Millennials, today announces that it has closed on Seed Funding of $1.1M.
Ugandan innovation Matibabu tests for malaria quickly, accurately and without drawing blood wins Africa Prize for Engineering Innovation
[Nigeria] Touchbal Pictures raises $20,000 funding from GenesysTechHub to support product development
Touchabl Pictures has announced a raise of $20,000 Pre-seed funding from GenesysTechHub to support product development.
[Africa Tech Week] Beyond borders partnerships herald new ICT dawn, Great tidings for tech startups, investment in technology soars
The Africa tech week has been abuzz with news of cross border public and private sector partnerships, companies aligning themselves with the burgeoning demands of the continent’s ICT sector and the growing IT spend.