All about Business.
Green businesses in Uganda are invited to apply for an accelerator programme that offers free finance-focused workshops and discounted loans to help them scale up. The Ugandan Green Enterprise Finance Accelerator (UGEFA) is looking to help high-potential small and medium-sized enterprises that specialise in eco-tourism, clean energy, sustainable transport, waste management and green manufacturing. During…
Liquid Intelligent Technologies, a leading pan-African telecommunications technology group has announced the launch of its shortest terrestrial fibre route between the East to the West coasts of Africa, connecting Mombasa, Kenya to Muanda, DRC. With the completion of this route, Liquid establishes a new global internet transit route between Asia and the USA through Africa,…
Non-fungible tokens, or NFTs, are altering our perceptions of art, and financiers are paying attention. NFTs have risen to prominence in the cryptocurrency industry in recent years. Artists have taken use of the technology’s ability to generate real-world scarcity for digital goods using cryptographically unique tokens. NFT markets like Nifty Gateway and OpenSea marketplace have experienced record trading volumes…
Sales are a determinant of whether a business would survive or not. The life blood of every business is embedded in the day-to-day activities that can generate consistent cash flow. Some organizations get caught up in trying to do many things are at time which makes their progression towards activities that contributes to their down line flawed and…
What is it about information systems that makes them so important in the modern world? Why are companies spending so much money on information systems and technology? Information systems are critical to running a firm on a daily basis and accomplishing long-term strategic goals. However, without significant investments in IT, entire sectors of the economy…
Sendbox, the Nigeria-based e-commerce fulfillment platform for merchants in Africa, has today announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments. With participation from Flexport and YC Combinator as part of its 2021 winter cohort, Sendbox’s total investment raised has now reached $2 million following a pre-seed round from Microtraction and 4DX Ventures in…
Nigerians without access to internet-enabled phones would also be able to utilize the eNaira currency. This was revealed by the Central Bank of Nigeria, CBN, in a document titled “Design paper for the eNaira”. The CBN, through this document, stated that the eNaira solution will take into consideration all Nigerians, irrespective of the device type they…
Techpoint Africa currently operates in a hybrid co-living and remote work environment. About half of the team live on the same premises, and once every month, we take a trip to the market to stock up on food items. Almost without fail, we discover that the prices of foodstuffs have increased since our last visit. Often,…
The NFT market is still defying reason, but then again that’s kind of its thing. But one thing I’m especially unsure about lately as I see JPGs continue to sell for millions of dollars is… does any of this actually matter? I’ve spent a lot of time over the last year grappling with the NFT…
Throughout my career as an entrepreneur and investor, I have had the opportunity to work with business leaders of all calibers — and varying degrees of success. After time, I was able to discern the distinct traits that separated those who could build great companies from those who would be limited in what they could accomplish. For…
Nigeria, Ghana and South Africa top 20 other African countries under the enforceability of standard master agreements pillar in the latest African Financial Markets Index presented by Absa, a leading financial services provider. The insight was delivered during the presentation of its Absa-OMFIF Financial Markets Index on Wednesday, October 13, 2021. The top financial services provider also…
The UK Prime Minister’s Trade Envoy to Nigeria, Helen Grant and Nigeria’s Minister of Industry Trade and Investment, Mr. Adeniyi Adebayo, Friday, held virtually the sixth (6th) meeting of the United Kingdom-Nigeria Economic Development Forum (EDF). The meeting was joined by Her Majesty’s Acting Trade Commissioner for Africa, Alastair Long, the Comptroller General of the Nigeria…
Nigerian retail-tech startup Alerzo has acquired fintech company Shago Payments as it looks to build on already impressive growth that saw its annualised September transaction volume exceed US$155 million. Founded in 2019, the Ibadan-based Alerzo is an all-in-one technology and services platform that transforms how Nigeria’s informal retail stores operate. Retailers can order stock, have it delivered…
Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple its last valuation, according to people with knowledge of the matter. The startup, which has offices in Lagos, Nigeria and San Francisco, recently held discussions with potential investors, the people said….
IHS Towers is the biggest operator of mobile phone towers in Africa. It also has presence in the Middle East and South America. The company first made attempt to list its shares on Wall Street back in 2018, but the market sentiments weren’t quite positive enough. A total of 22,500,000 units of shares are set…
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or more this year alone, taking the total up to seven. Two of the new entrants are in fintech, one in edtech, and one in general technology. These and other technology-enabled sectors are where emerging market investors are…
• AfCFTA, the largest global free trade area by countries participating, could transform the continent’s economic prospects. • It aims to be a model of cross-border cooperation in an era of growing isolationism. • The agreement must overcome implementation challenges to realize its many benefits. The arrival of COVID-19 in 2020 has rapidly reshaped countries,…
Recently, WhatsApp, Instagram and Facebook faced a long six-hour outage. Initially, many people blamed it on their internet service provider but soon the realization that it is not the faulty internet connection but the fact that these social media platforms were actually not functioning as a shock to many. Even though many users of these…
America since long has dominated the world of start-ups along with buzzing activities in venture capital. However, now the craze of the start-up has increased and many cities of different continents including Asia, Europe and Africa have created many promising cities that are ideal for starting a start-up. Even though the Coronavirus impacted the startup…
Over and above leveraging Artificial Intelligence (AI) and cloud services; it has been widely acknowledged that the key building block for true digital transformation is the need for businesses to become data-driven. Of course, this is a uniquely challenging task for almost every business. Dealing with the Data Challenge At the core of any data…
Ride-hailing company, Uber has announced the expansion of its services to two new cities in Nigeria, Port Harcourt and Ibadan. With this move, Uber’s services will now be available in five cities including Lagos, Abuja and Benin City. According to Uber, the move is intended to unlock growth opportunities in the cities for drivers who…
Made up of 250 top private companies leveraging technology to solve challenges in the financial services industry, CB Insights has unveiled the fourth annual Fintech 250. The Fintech 250 includes the most promising fintech companies from around the world, operating in capital markets, insurance, digital banking and wealth management. Companies in this year’s cohort have…
US-based tech monolith Google, a subsidiary of Alphabet Inc, has announced its plans to invest $1-billion over 5 years to accelerate and support digital transformation across Africa through a series of new initiatives, from faster internet to backing startups. The announcements were first made during yesterday’s first-ever Google for Africa virtual event, which can be…
In today’s rapidly changing financial world, businesses are continually innovating to satisfy dynamic client expectations while adhering to severe regulatory standards. As these businesses spread their services across multiple locations, expanding distributed systems becomes increasingly difficult. To shed light on the complexities of this topic, Olamiposi Ogunyemi, a Senior Software Engineer with almost a decade of…
According to Keith Kalyegira, Chief Executive Officer of the Capital Markets Authority, the initial public offering (IPO) of telecommunications company MTN Uganda is expected to raise approximately $1.2 billion. MTN Uganda has previously announced that it had received approval to float 20% of its stock. MTN Uganda intends to launch an initial public offering (IPO) and list on…
Telkom South Africa has launched a new set of postpaid promotional deals and prepaid LTE deals offering more value to its mobile customers. These new data price reductions come not long after the semi-private telco announced its 1GB mobile data bundle reduction to R79 and the introduction of a new and affordable 1.5GB + 1.5GB All Network…
AppsFlyer, the marketing measurement and experience platform, has released their 2021 edition of its State of eCommerce App Marketing report, outlining key global trends to guide marketers in building a mobile-first experience that will drive engagement and sales for the upcoming holiday season. Having analysed over 750 million app installs across 7250 apps, and 3 billion remarketing…
A few years ago, the majority of South Africans had never made a single purchase online. Today, the local e-commerce market has experienced a massive boom as lockdown restrictions aimed at curbing the spread of COVID-19, made online shopping feel like the safer, and sometimes the only, option for consumers. According to a 2018 report from shopping…
Keeping track of your finances can be one of the most important things you do. It allows you to manage your money and it will help you determine what you should spend your money on and what things might be better to wait on or go without for now. It’s now easier than ever before…
Contactless payments made using mobile phones will almost double over the next two years – twice as fast as the growth of contactless card payments. A study by Juniper Research found that the volume of mobile contactless transactions rill rise from 26 billion in 2021 to 49 billion in 2023, driven by enhanced security, convenience,…