All about Business.
AfriLabs, an African hub network, has collaborated with the US Department of State’s Office of Global Partnerships (E/GP) to address the climate issue and foster entrepreneurship in Africa. AfriLabs, founded in 2011, empowers and fosters innovation hubs across Africa through its community-focused model, whereas the US Department of State is the United States government’s premier…
In the first phase of its N100 billion bond issue program aimed at assisting micro, small, and medium-sized enterprises (MSME), the Development Bank of Nigeria generated N23 billion. The 2028 due date instrument has a 14.4% interest rate. The bank said that it would be useful in closing the MSME sector’s significant funding gap, which…
Astravest, a Nigerian business, is an investment platform that enables retail users to diversify their investments in dependable assets like commodities, fixed income, and real estate in order to increase their wealth. Astravest, a company that helps Africans conserve, diversify, and develop their money, was founded in 2022 by serial entrepreneur Chibuike Goodnews, formerly of…
AGCS’ professional indemnity report highlights 11 trends driving future insurance claims activity. Trends include evolving building safety laws, ‘hackers for hire’, inflation, and untrained use of generative AI tools. AGCS analysis shows that the legal and construction sectors are the industries most impacted by large professional indemnity claims. Architects and engineers face greater scrutiny over…
The digitalization of pharmaceutical payments in Egypt will be fueled by a partnership between the Egyptian entrepreneurs Paymob and Chefaa. Paymob was established in 2015, and our omnichannel gateway helps over 200,000 SME merchants to run and grow their businesses by providing access to more than 40 different payment options. The Chefaa healthcare benefits platform,…
Mobile Money Operators (MMOs) in Nigeria are financial service providers who provide mobile-based financial services under the Central Bank of Nigeria’s (CBN) regulatory framework. MMOs use mobile money agents and aggregators to reach underbanked and unbanked populations in Nigeria, leveraging the widespread usage of mobile phones to provide convenient and accessible financial services to a…
Startups from Africa are encouraged to submit an application to the GSMA Innovation Fund for Climate Resilience and Adaptation 2.0, which aims to pilot and scale-up digital technology innovations that have a positive socioeconomic and environmental impact in regions with communities most vulnerable to current or future climate risks. The GSMA Innovation Fund for Climate…
It’s understandable for small business owners to believe that big business strategies don’t apply to them because of their scale. But nothing could be further from the truth than this. Every small business can prosper by employing big business practices, regardless of whether there are major ambitions for development or a desire to stay small….
In order to work together to offer digital skills programs and solutions to young leaders in the region, the Microsoft Africa Development Centre (ADC) and the Young African Leaders Initiative Regional Leadership Centre East Africa (YALI) have signed a memorandum of agreement. The MoU states that the ADC will give YALI participants access to its…
The Federation of Kenya Employers (“FKE”), the employers’ membership body in Kenya, and the Africa Digital Media Institute (“ADMI”), a training platform for Africa’s creatives, have partnered with Nexford University, the Washington, DC-based next-generation university platform offering affordable, US-accredited degrees worldwide, to address graduate recruitment challenges. Following Nexford’s entry into East Africa, the agreement will…
Treepz, Africa’s biggest car-sharing platform that offers on-demand car rentals for flexible periods, has re-launched its consumer app as Africa’s largest car-sharing marketplace. The company claims to have spent the last five months developing this solution and is thrilled to introduce it in Nigeria, Ghana, Uganda, and Kenya. Treepz aims to lead the charge in…
In the rapidly evolving digital landscape, businesses across industries are striving to remain competitive, relevant, and innovative. At the core of this evolution lies a powerful driver—data. Digital transformation, which fundamentally changes how businesses operate and deliver value through technology, relies heavily on the ability to harness and leverage data effectively. The Foundation of Digital…
In today’s digital world, marketing has evolved and is still evolving. Traditional marketing channels, such as print ads, television commercials and radio jingles, have been complemented—and in many cases, surpassed with the introduction of digital marketing. These digital marketing strategies offer businesses an unprecedented ability to engage with customers, drive acquisition, and boost product sales…
IamtheCODE and the UN Women Regional Office for East and Southern Africa have joined forces to address the gender gap in digital technology in Africa. A two-day hackathon that just ended in Johannesburg, South Africa, had as its goal providing 102 high school girls from townships in the province of Gauteng with digital literacy skills…
The DFS Lab Stellar Africa Fund I, which will support high-potential builders and teams in Africa looking to revolutionize the landscape of digital payments and beyond by building on the Stellar network, has been unveiled by DFS Lab. Early-stage investor DFS Lab invests in founders that are generating possibilities for everyone while concentrating on Africa’s…
The venture-building company Factor[e] Ventures has opened a new venture studio for African entrepreneurs named Delta40. Factor[e] Ventures invests in early-stage companies in sub-Saharan Africa and Southeast Asia. The venture studio will have its headquarters in Kenya and operations in Nigeria. It wants to invest between $100,000 and $600,000 in businesses in the fields of…
Today, TLG Capital, a pan-African alternative investment firm, declared that it has teamed up with OnePipe to offer finance services to Nigeria’s unorganized sector. OnePipe, a Nigerian financial infrastructure company, used the company’s technological platforms to enable traditional businesses to integrate financial services into their operations. The company offered up to 2.25 billion Naira in…
As a growing startup, one golden rule that sets your business apart is this: never compromise standards for quick results. Sustainable success isn’t about cutting corners but making smart, strategic decisions that bring real, measurable growth. But beyond this, working with a tight budget may make every marketing decision feel like a high-stakes gamble. You…
Microsoft has unveiled a variety of fresh initiatives with the goal of boosting digital development, skill development, and infrastructure in the world’s Least Developed Countries (LDCs). By 2025, the IT behemoth will work with Liquid Intelligent Technologies to provide internet access to 20 million more people in Africa. Through this collaboration, Microsoft’s Airband Initiative, which…
In the fast-paced world of growth marketing, where customer acquisition often takes center stage, the true difficulty lies not just in bringing users through the door but in keeping them in contact long enough to drive sustainable business growth. Adaugo Ezeala, a senior growth marketer with five years of experience, understands these roadblocks intimately. Over…
MSI, a global leader in gaming, content creation, business & productivity, and AIoT solutions with operations in over 120 countries, has partnered with Egypt’s fintech ‘Fawry’ to help businesses and consumers make payments. In collaboration with ABC Shop, ‘MSI’ aims to provide exclusively discounted business laptops for SMEs and startups with facilitated installment plans via…
The most popular mobile app in Africa, Bolt, has declared plans to spend €500 million there over the next two years. More than 300,000 additional drivers and couriers will have the opportunity to join the platform in 2023 thanks to the expansion of Bolt services throughout Africa. Bolt, which debuted in South Africa in 2016,…
In order to lower costs and risk for acquirers, Mastercard has teamed with Network International to address fraud, declines, and chargebacks. Through the collaboration, Network will make available to acquirers and companies in the area Mastercard’s Brighterion Artificial Intelligence (AI) technology for transaction fraud screening and merchant monitoring. Losses from credit card theft are anticipated…
Nigerian blockchain payments firm Bingtellar has announced the availability of its quick crypto-to-fiat conversion service, allowing individuals and organizations to buy, sell, and receive payments in local money with ease. Bingtellar, founded in 2021, enables real-time conversion of cryptocurrency to fiat and offers users rapid liquidity in their home currency. With a typical transaction time…
With the help of a partnership with a financial solutions provider based in Dubai, Cellulant, Africa’s leading provider of payment solutions, has made it possible for expats to conveniently recharge airtime for their dependents across Africa. Through KrosPayz, Money Q’s pan-African digital payments platform that enables online payment for purchases and value-added services at the…
Visa, a global payments company, has pledged to invest $1 billion in Africa over the next five years. The announcement was made at the ongoing US-Africa Business Forum in Washington, DC, alongside the US-Africa Leaders’ Summit. Visa has ten African offices from which it accepts payments in all 54 countries. The financial services provider says…
In order to promote cross-border trading of securities throughout the continent, seven African stock exchanges on Wednesday started an integration experiment in the Ivory Coast. Nigeria, Mauritius, Morocco, South Africa, Kenya, Egypt, and West Africa’s stock markets are all a part of the effort, which is known as the African Exchanges Linkage project. Later on,…
For every company out there, there is an in depth goal to increase her market share in both the local and global market space. The profit margin of a company is largely dependent on the audience at her disposal. Before now, companies have used various forms of advertising to promote their product inorder to reach…
In order to advance digital identification across the continent of Africa, uqudo, a digital identity firm that makes customer onboarding safe, effective, and affordable, has worked with various organizations in the region. 50% of the 1.3 billion people in Africa, according to the World Bank and the Africa Development Bank, are smartphone users. The projected…
OneWeb has announced that it has entered into a relationship with Airtel Africa. Through this collaborative partnership, OneWeb will be able to reach government and enterprise clients throughout large swaths of the continent with its high-speed, low-latency LEO connection services. The partnership will concentrate on providing enterprise and civil government customers with satellite communications services…