Latest News for: Africa business startup


Q&A: ‘More African-sourced funds are needed for African-based businesses’

Al Jazeera 26 Sep 2023
When we consider the fact that much of the investment in African startups is foreign, we must also consider the added challenge of the ease of doing business in Africa. These investors will not want to invest if the perceived risks of doing business in Africa are inordinately high.

Microsoft-backed FAST Accelerator Announces 12 African Startups Selected for Artificial Intelligence

Business Ghana 22 Sep 2023
Applicants represented a broad mix of cloud-based products and services serving businesses throughout Africa, harnessing AI to drive innovation, enhance efficiency, and address critical challenges in their respective domains ... Intelligent eCommerce platform for Africa’s retail businesses Cotrust Equity (FinTech) (https.//

What the Elon Musk biography revealed about his tumultuous Twitter takeover

Engadget 22 Sep 2023
The book covers his childhood in South Africa, as well as his business dealings, from his first startup to Tesla, SpaceX and Neuralink. Perhaps unsurprisingly, more than a quarter of the book is devoted to Twitter ... Musk almost immediately regretted his decision to buy Twitter ... Ban it. Ban them,” Musk said ... “It’s not free speech to subvert democracy.”.

Microsoft-backed FAST Accelerator Announces 12 African Startups Selected for Artificial Intelligence (AI) Program

Longview News-Journal 21 Sep 2023
20, 2023 /PRNewswire/ -- Flapmax, a leading data and AI technology company, announced today the twelve companies selected for the second cohort of the FAST Accelerator startup program, created in partnership with Microsoft to help strengthen and scale Africa's digital ecosystem ... The FA23 cohort features the following startups.Zeeh Africa (FinTech).

Transforming our world together at GEC 2023

Independent online (SA) 21 Sep 2023
With more than 40 ministers in attendance, including South Africa’s Minister of Small Business Development, the GEC continues to grow in leaps and bounds and is making a significant impact in the world ... startup campus; Co-chair of the Global Entrepreneurship Network (GEN) Africa.

Celebrating excellence: The significance of the Presidential SMME and Cooperatives Awards

Independent online (SA) 14 Sep 2023
Small businesses play a vital role in our economy, contributing to job creation, innovation, and local community development ... Small businesses are also the backbone of local communities ... Kizito Okechukwu is the Executive Head of 22 On Sloane, Africa’s largest startup campus; and co-Chair of the Global Entrepreneurship Network (GEN) Africa.

What Will the Future of Trading Penny Stocks Look Like?

PennyStocks 13 Sep 2023
3 Things That Could Change About Investing in Penny Stocks in the Future ... Companies are now mandated to disclose their financial health, operational activities, and any significant business developments ... From tech startups in Asia to sustainable energy firms in Africa, these businesses are driving innovation and contributing to local economies ... ....

Risevest, Chaka on Verge of Completing Strategic Merger

This Day 06 Sep 2023
Business .. Risevest and Chaka, two trailblazing fintech startups in Africa’s burgeoning investment sector, are reportedly on the cusp of finalizing a merger that has been in the works for several months, according to a source familiar with the situation ... Officials from Risevest and Chaka have declined to comment ... .

The Journey to Easy Cross-Border Payments in Africa: Implications for Global Businesses

Finance Magnates 15 Aug 2023
Kora is at the forefront of building a pan-African payment infrastructure that enables businesses ... For startups and businesses accepting money in and from Africa, we provide secure online payment channels and All The Support You Need™️ to start, scale and thrive on the continent.

Lack of funding for young entrepreneurs contributing to unemployment

B & FT Online 03 Aug 2023
Rising unemployment rates among young individuals in the country and Africa at large result from a lack of financial support for youth startup businesses, Chief Executive Officer-Ghana Chamber of Young Entrepreneurs, Sheriff Ghalil, has said ... businesses run by young people.

Global Mentorbridge Plans Key Business Event in Lagos

This Day 29 Jul 2023
The report titled ‘fuel for Africa’s next billion businesses’ compiled by Kippa, a Fintech startup that helps small businesses manage financial records, also revealed that 22 per cent of Africa’s working-age population start businesses due to various reasons but these businesses lack resources or structure to survive.

Germany’s Delivery Hero raises stakes in Saudi Arabia

Arab News 29 Jul 2023
With strong economic fundamentals and rising investor confidence, the Middle East and North Africa region has become a hot spot for business consolidation and fundraising startups. The growing presence of a well-developed venture capital ecosystem has also significantly improved startup funding in the region, disrupting traditional markets.

Enterprise Singapore keen to boost trade ties with Ghana

B & FT Online 28 Jul 2023
The agency, she explains, helps Singaporean companies keen to establish a presence in West Africa find suitable partners ... She made these observation during the Africa-Singapore Business Forum 2023 zoom meeting held in Accra under the theme Enhancing Africa and Singapore economic collaboration.

inDrive Extends Services, Launches Freight Services in Lagos

This Day 17 Jul 2023
Business . ... The ride-hailing company disclosed this at the just concluded Lagos Startup Week, an event that celebrates entrepreneurship and innovation in Africa in Lagos. . Business Development Representative, inDrive Nigeria, Mr ... Speaking about its Peer-to-Peer Business Model, he said.

Startup Wrap — regional funding continues to rise with a flurry of new deals

Arab News 09 Jul 2023
NOMU is committed to revolutionizing the food tech supply chain, providing greater convenience and efficiency for businesses in the MENA (Middle East and North Africa) region,” Mokhtar added ... Morocco-based business-to-business e-commerce and fintech startup Chari has successfully raised $1.5 million in funding from Verof-Kepple Africa Ventures.