Business news Africa

Accelerex Holdings signs $20-million investment agreement

Mauritius-based Accelerex Holdings has signed an investment agreement with regional private equity firm, Africa Capital Alliance (ACA). The Capital Alliance Private Equity IV (CAPE…

Business reimagined for Africa [Opinion]

Building a business in Africa is now as much about embracing digital innovations as it is about understanding the nuances of each country and…

Egypt logistics startup ILLA receives $500 000 in funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional…

New initiative aims to grow African startups

Launched by Asia Africa Investment & Consulting Pte. Ltd. (AAIC) in collaboration with Rakuten Group, the AAIC-Rakuten Africa Innovation Project aims to promote the growth of African startups…

New Digital Commerce Accelerator for Ghana MSEs launches

The new Catalyst Fund Inclusive Digital Commerce Accelerator aims to support the digitisation of micro and small businesses (MSEs) in the African country. The…

How to get African economies back on track [Opinion]

As the economic fallout from the COVID-19 pandemic makes its presence felt across Sub-Saharan Africa, all eyes are on the next policy moves that…

Egyptian startup secures six-figure seed funding

Glamera, a Cairo-based health and beauty services startup, has received a six-figure amount in seed funding from Saudi Arabia’s Dual Gate Investment Holding. Glamera…

Nigerian transport startup secures $300 000 investment

Plentywaka has secured $300 000 in investment funding and plans to launch in Nigeria’s capital. Plentywaka, the transport startup, has raised a $300,000 pre-seed…

Winners of Lagos Urban Innovation Challenge announced

Utopia has announced the winners of the first-ever Lagos Urban Innovation Challenge, an innovation competition aimed at finding solutions that can help solve critical urban issues…

Kenyan businesses impacted by Covid-19 to receive funding

Vital Capital has collaborated with Usaid’s Kenya Investment (Kim) Mechanism to provide financing to Kenyan businesses affected by the Covid-19 pandemic. The collaboration between…

Kenya to regulate loan rates of digital lenders with proposed law change

The Central Bank of Kenya (Cbk) is set to regulate loan rates for digital lenders operating in the country. This is according to some…

How Tokyo-based VC, Samurai Incubate Africa invests in African startups

Samurai Incubate is a Japanese early-stage venture capital firm and incubator. Via its Samurai Incubate Fund, the firm claims to have invested in more than…

Remote work is not enough to increase workplace productivity in Africa’s major tech cities

Funke Opeke, CEO of MainOne, recently mentioned in an interview with Techpoint Africa that young professionals will always gravitate towards locations that have business…

Broadband Africa Forum 2024

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