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.
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.
We have gained good traction especially in the transport sector, we were able to process over 5million transactions and about $40 million dollars in 2017 on our platform.
The Nigerian oil and gas scene remains as active as ever, with changes surfacing on an almost daily basis. Last week saw the country’s first Marine Engineering Center commence its programs of 18 month academic and field work, which will lead to a masters in Marine Engineering.
Growing up in Namibia there were several careers to choose from we were told. Study hard, become a doctor, lawyer, accountant, nurse or architect. Perhaps even an engineer if you were that way inclined.
Africa Business Communities is lauching a Tech Platform and is looking for African Startups for both Interviews and Columnists
“Insurtech has gained momentum over the last two years in South Africa. It was initially seen as a major threat by insurance companies, but now insurers are taking a far more proactive approach to seizing opportunities in this space and are starting to collaborate with startups."
“Insurtech has gained momentum over the last two years in South Africa. It was initially seen as a major threat by insurance companies, but now insurers are taking a far more proactive approach to seize opportunities in this space and are starting to collaborate with startups."
This partnership will enable I/O Spaces to become a première destination for African Companies looking to expand into the United States and by offering our membership services to the AfriLabs network, said Leslie Tita, Cofounder of I/O SPACES.
Mastercard and Unilever have expanded their strategic partnership to help micro entrepreneurs in Africa and other regions overcome the cash constraints that limit their ability to buy and sell more products and ultimately grow their businesses.
The Economic Commission for Africa is establishing a fund to promote African women entrepreneurs as economic and business leaders, the institution’s Executive Secretary Vera Songwe has said.
US based innovation workspace for the local and African Diaspora startups I/O Spaces and AfriLabs have announced a strategic partnership to provide AfriLabs Hub Startups access to I/O’s Creator Community, Events, Classes and Office Space.
GE Partners Lagos State, Others to Host Technology Conference for Nigerian Start-ups in the United States
Governor of Lagos State, H.E Akinwumi Ambode, delivered the keynote speech entitled ‘The Role of Technopreneurs in Lagos: An Emerging Smart City’
Orange Digital Ventures invests in Africa’s Talking, leading distributor of mobile communication and payment APIs to developers
Upon completion, Africa’s Talking plans to accelerate its internationalisation to support its clients’ expansion strategies
The United Bank of Egypt (UB) and the Industrial Development Authority (IDA) signed a joint cooperation protocol last week aimed at supporting small and medium enterprises (SMEs).
The program that is co-designed by African people to create solutions can then be adapted to match local service needs has been implemented by 14 partners all over Africa and EU, in Uganda, it will be implemented by both Hive Colab and Women in Technology in Uganda
Pan-African banking group Ecobank, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge.Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions.
Entrepreneurs across Africa are using innovative design skills to create an international buzz.
MFS Africa, a leading Pan-African FinTech company, today announced a $4.5m Series B funding round led by LUN Partners Group, a China-based global investment management group.
Organized in collaboration with the Dakar office of Dalberg, an international strategy consulting firm, a new incubation program that aims to regroup Dakar's most innovative early-stage entrepreneurs, Incuberation was launched as Impact Dakar's first incubation program.
Consultancy.org, a global platform for the international consulting industry, has made a foray into the South African market. The launch of Consultancy.co.za expands the startup’s online footprint to cover Africa’s most important market for consulting services.
Zoto, a product of Hedonmark Management Services Limited and Nigeria’s growing payment solution, today announces that its transacting user base and order volume grew by 56% and 200% respectively.
Jackie Macharia, a 26-year-old software developer based in Nairobi, works for a company headquartered in London that sets up solar panels in India.