Business thoughts, stories, and ideas
This strategic investment marks KBW Ventures’ first foray into the Egyptian startup ecosystem, signaling a significant endorsement of NoorNation’s innovative approach to decentralized energy and water infrastructure solutions.
This strategic investment marks KBW Ventures’ first foray into the Egyptian startup ecosystem, signaling a significant endorsement of NoorNation’s innovative approach to decentralized energy and water infrastructure solutions.
Dennis Chege stands out as a dynamic force shaping the future of technology through his company, Sologen Limited. With a keen understanding of the tech landscape and a vision for innovation, Chege has built a company that addresses contemporary challenges with cutting-edge solutions.
With a keen understanding of the tech landscape and a vision for innovation, Chege has built a company that addresses contemporary challenges with cutting-edge solutions.
Tekedia Capital has announced the acquisition of Quizac, a pioneering African edtech startup known for its innovative approach to gamified learning.
Tekedia Capital has announced the acquisition of Quizac, a pioneering African edtech startup known for its innovative approach to gamified learning. This strategic move is set to integrate Quizac’s cutting-edge technology into the broader Tekedia ecosystem
Twiga Foods recently announced a new round of layoffs, with 59 employees set to be affected as part of a broader restructuring effort. The layoffs are indicative of the company’s struggles to manage cash flow issues that have plagued its operations throughout the year.
Twiga Foods recently announced a new round of layoffs, with 59 employees set to be affected as part of a broader restructuring effort. This follows a previous reduction in workforce in August 2023, when 283 staff members were let go.
The Kosmos Innovation Centre (KIC), in collaboration with its partners, is set to host the second edition of the Agricultural Innovation for Africa (AIA) Conference. Scheduled for August 28 and 29, the event will take place at the University of Professional Studies, Accra.
The Kosmos Innovation Centre (KIC), in collaboration with its partners, is set to host the second edition of the Agricultural Innovation for Africa (AIA) Conference. Scheduled for August 28 and 29.
South African Siphosethu, the owner of Umhambi Wendlela Pty Ltd, is redefining the narrative of entrepreneurship in marginalized communities. His story is one of passion, resilience, and a deep commitment to uplifting the youth of Africa.
Siphosethu’s entrepreneurial journey was sparked by the influence of Ace, a prominent businessman in Khayelitsha. Witnessing Ace’s success and his ability to build a solid foundation in the community, Siphosethu was motivated to follow a similar path.
South Africa's state-owned logistics giant, Transnet, is in pursuit of debt relief from the government as it strives to stabilize its financial position and rejuvenate its freight rail and port services.
Transnet is currently burdened with a staggering debt of R130 billion ($7.30 billion), a situation exacerbated by years of under-investment that have led to equipment shortages and maintenance backlogs.
Flutterwave, a leading African payments technology company, continues to broaden its services by allowing its online merchants in Nigeria to accept payments from American Express Card Members.
Flutterwave, a leading African payments technology company, continues to broaden its services by allowing its online merchants in Nigeria to accept payments from American Express Card Members.
d.light, a global leader in providing transformational household products and affordable finance to low-income households, has introduced an innovative customer loyalty programme.
The loyalty scheme, known as the d.light Points Programme, was officially launched in Kenya this month, with plans to expand to Uganda, Tanzania, and Nigeria by the end of the year. The company aims to engage over 500,000 customers through this programme before the close of 2024.
Nathan Phiri, the co-founder of Tafika Enterprise Clothing Boutique, stands as a testament to entrepreneurial spirit and resilience. Born into a family deeply entrenched in entrepreneurship, Phiri was inspired by his father and grandfather, both of whom navigated the challenges of building businesses in a developing country.
Born into a family deeply entrenched in entrepreneurship, Phiri was inspired by his father and grandfather, both of whom navigated the challenges of building businesses in a developing country.
The Egypt’s Entrepreneur Awards (EEA) has revealed the shortlisted finalists for its fourth edition. This prestigious event, culminating in a grand ceremony on September 21st, 2024, will honor the winners who have showcased exceptional innovation, creativity, and impact in their respective fields.
The awards aim to support and spotlight innovative ideas while empowering Egyptian entrepreneurs and youth who are driving positive change in their communities.
This collaboration aims to bring advanced 5G connectivity solutions to Africa, the Middle East, and the Gulf, marking a new era of technological transformation in these regions.
This collaboration aims to bring advanced 5G connectivity solutions to Africa, the Middle East, and the Gulf, marking a new era of technological transformation in these regions.
Twelve African startups have been announced as finalists for the seventh edition of Ecobank’s Fintech Challenge, a prestigious competition that offers a cash prize of US$50,000 and the opportunity for startups to partner with Ecobank, a leading pan-African banking group.
Twelve African startups have been announced as finalists for the seventh edition of Ecobank’s Fintech Challenge, a prestigious competition that offers a cash prize of US$50,000 and the opportunity for startups to partner with Ecobank, a leading pan-African banking group.
Waza, a Y Combinator-backed B2B payment and liquidity provider, has recently secured $8 million in equity and debt funding, which will be pivotal in expanding its operations beyond its current markets in Ghana and Nigeria, and in introducing innovative trade finance solutions.
Waza, a Y Combinator-backed B2B payment and liquidity provider, has taken a significant step forward in its mission to transform financial services in emerging markets. The company recently secured $8 million in equity and debt funding.
Hloolo, officially launched by Fetola in partnership with Nedbank, JP Morgan Chase, and the Embassy of Finland, represents the latest phase of the Circular Economy Accelerator (CEA), a multi-year initiative designed to cultivate a robust circular economy ecosystem in South Africa.
Hloolo, officially launched by Fetola in partnership with Nedbank, JP Morgan Chase, and the Embassy of Finland, represents the latest phase of the Circular Economy Accelerator (CEA), a multi-year initiative designed to cultivate a robust circular economy ecosystem in South Africa.
Anotida Magagana's entrepreneurial journey was sparked by a keen observation of the market dynamics in Zimbabwe. "There is a lack of skilled contractors, which means there is an underserved demand," he says. "To be successful in business, there is no need to reinvent the wheel. It is all about identifying the gaps in the market."
Anotida Magagana's entrepreneurial journey was sparked by a keen observation of the market dynamics in Zimbabwe. "There is a lack of skilled contractors, which means there is an underserved demand," he says.
Corporate mobility startup, Treepz, has set a new benchmark in African transportation by becoming the first African company to successfully complete a cross-border rental trip between Nigeria and the Benin Republic.
This achievement not only expands Treepz's service offerings but also highlights its capability to meet the growing demand for reliable transportation solutions across Africa.
In a bold move to solidify its position in South Africa’s highly competitive telecommunications industry, Cell C has unveiled a new brand identity. This transformation was showcased at a major launch event in Johannesburg, marking a significant milestone in the company's journey.
The rebranding effort signals Cell C’s determination to remain a key player in the mobile market. With the telecommunications landscape rapidly evolving, Cell C is focusing on innovation and enhanced customer service to meet the dynamic needs of its users.
Eutelsat Group and Bayobab, Africa's leading digital infrastructure service provider, have entered into a strategic multi-year agreement to leverage Low Earth Orbit (LEO) satellite capacity through Eutelsat’s OneWeb constellation.
Eutelsat Group and Bayobab, Africa's leading digital infrastructure service provider, have entered into a strategic multi-year agreement to leverage Low Earth Orbit (LEO) satellite capacity through Eutelsat’s OneWeb constellation.
The BetaLab program is designed to equip these startups with the necessary tools and resources to scale their businesses. The selected startups are tackling some of the most pressing challenges in various sectors, including real estate, savings, SME financing, and healthcare.
The 12-week pre-incubation program will culminate in the selection of the top three performing startups, which will qualify for further incubation within the BetaLab program.
This annual event has become a cornerstone for entrepreneurs, innovators, and investors, both within Nigeria and internationally, to come together and explore the future of technology and startups in these regions.
This annual event has become a cornerstone for entrepreneurs, innovators, and investors, both within Nigeria and internationally, to come together and explore the future of technology and startups in these regions.
Kenya’s Mobius Motors, renowned for manufacturing affordable SUVs designed to withstand Africa’s challenging road conditions, has averted voluntary liquidation by accepting a takeover offer from an undisclosed buyer.
Kenya’s Mobius Motors, renowned for manufacturing affordable SUVs designed to withstand Africa’s challenging road conditions, has averted voluntary liquidation by accepting a takeover offer from an undisclosed buyer.
As the founder of Ralkage Forex Academy, Anesu’s journey from aspiring entrepreneur to a key player in the global forex market is a story of determination, innovation, and a relentless pursuit of excellence.
As the founder of Ralkage Forex Academy, Anesu’s journey from aspiring entrepreneur to a key player in the global forex market is a story of determination, innovation, and a relentless pursuit of excellence.
The Her Africa Early Stage Incubator (HAESI) program is a groundbreaking initiative launched by the Alliance for Women and Girls (AFWAG) with the mission to empower early-stage social entrepreneurs across Africa.
This program is tailored for founders of organizations and initiatives dedicated to supporting women and girls on the continent, offering them the tools, resources, and networks needed to amplify their impact and drive sustainable social change.
South African enterprise resource planning (ERP) software leader, Syspro, has been acquired by global private equity giant Advent International. As part of this transition, Founder Duff will retire as chairman at the end of September, marking the end of an era for the company.
Although the financial details of the acquisition remain confidential, this deal represents a significant turning point for Syspro, which was founded in 1978 by Phil Duff. As part of this transition, Duff will retire as chairman at the end of September.
iXAfrica Data Centres, Kenya’s foremost hyper-scale, AI-ready data center, has embarked on a significant collaboration with Moringa School, a leading provider of technology skills in the region.
This partnership aims to introduce Kenya’s first all-encompassing Data Protection course, which will cover crucial areas such as cloud fundamentals and data center management, while significantly enhancing data security awareness across the nation.
South African startup Tumalano has introduced a cutting-edge web-based rental property management solution designed to simplify tenant management for landlords and property managers.
South African startup Tumalano has introduced a cutting-edge web-based rental property management solution designed to simplify tenant management for landlords and property managers.
Kitso Olobile, the Motswana co-founder of Normalta Investments (Ltd) Pty. From humble beginnings selling agricultural foods, Kitso has grown his venture into a thriving business that spans food distribution and mineral exports.
With a keen eye for business opportunities and a passion for quality, Kitso started small, focusing on providing essential food products to local communities. His business acumen and commitment to excellence quickly set him apart in the market.
El Frougui’s groundbreaking project, Filteco, earned her recognition in the “Environment and Climate” category. Filteco is a revolutionary water filtration system designed by El Frougui, utilizing clay and other natural materials to provide a sustainable and affordable solution for clean drinking water.
El Frougui’s groundbreaking project, Filteco, earned her recognition in the “Environment and Climate” category.
Open Access Energy (OAE), a South African startup focused on energy management software, has secured a significant $750,000 investment from Factor E Ventures, marking the first phase of its $1.5 million seed round.
This pivotal funding is set to address the pressing energy challenges in the southern African region by enhancing the distribution and management of renewable energy resources.
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