Month: January 2019

Global Investment Firm Partech Closes Africa Fund Of USD 143 Mn

Partech Africa, a subsidiary of the global investment firm Partech, has announced the final closing of its Africa fund at

Meet The Nigerian Teens Who Went To Silicon Valley And Brought Home The Gold

Onitsha; a city in South-Eastern Nigeria, is home to perhaps one of Africa’s largest population of traders and artisans. Come

Why Africa Does Not Need Unnecessary Opinions, But Proper Fact-Checking [Opinion]

Africa is shining, Period. So, there has been a lot of exchange on social media about the recent reports on


Now, Your Chi Beverage Drink Is From The Coca-Cola Company

In the wake of recent acquisitions and stake buyout talks, Coca-cola has decided to take full control of Nigeria’s Chi Limited,

Airtel Africa Raises USD 200 Mn From Qatar Investment Authority To Reduce Existing Net Debt

Airtel Africa, a subsidiary of Bharti Airtel, has received USD 200 Mn in funding via a primary equity issuance from

Meet The Dynamic Duo Who Built A Successful Construction Company In South Africa With No Capital

How does the idea of starting a business with zero capital sound to you? Crazy, isn’t it? Well, not to

It’s Solar Farm After Oil Company For This Energy Entrepreneur In Ghana

Having put paid to the doubts and rumblings from the naysayers who thought she was way out of her depth

Naspers And Dimension Data May Soon Sell Their Stakes In VAST Networks To Link Africa

Naspers is well-known for its affiliation with Tencent. Recently, the South African firm has been involved in multiple deals. It’s

Egypt’s Street Food Startup Zooba Eats Raised USD 4 Mn To Expand To New York

Cairo-based street food restaurant chain Zooba Eats, according to a release, has raised USD 4 Mn in Series A –

This Entrepreneur’s Passion Has Empowered More Than 1600 Women In Rural Uganda

On a typical weekday, Eric Kaduru would wake up before the first rays of daylight began to find their way through

Began With Selling Juice For USD 1, Now She Is The Proud Owner Of Karisimbi Wines Limited

Assumpta Uwamariya couldn’t help the feeling of frustration and distraught that trailed her post-college days. After putting in those many

East Africa-Focused Staffing And Recruitment Startup Shortlist Has Raised USD 2 Mn In Series A

India and East Africa-focused staffing and recruitment startup Shortlist has raised USD 2 Mn in Series A from a group

This African City Beats Dubai To Become The Entry Point For Sub Saharan Africa

According to data from travel intelligence agency FowardKeys, Addis Ababa’s Bole International Airport has overtaken Dubai to become the leading

Microtraction Adds Advanced Diagnostics Startup Stack Dx To Its Portfolio

Nigerian early-stage VC firm Microtraction has added U.S-based Stack Dx to its portfolio. In a medium post, it was revealed that

This Kenyan Techie Couldn’t Go To Hacker School – So She Brought Hacker School To Her

Who else feels like they’re going to gag the next time they hear someone use the “every-disappointment-is-a-blessing-in-disguise” line? Well, for

e-Waste To e-Wealth: This Togolese Tech Team Has Built Over Twenty 3D Printers From Trash

Although it doesn’t get enough mentions – since it is often swept under the carpet as trivial in favour of

Flow, The S.A App That Rewards Tenants For Good Behavior, Has Raised USD 1.5 Mn Pre Series A

South Africa’s VC firm Kalon Venture Partners have announced that it led an investment round worth SAR 10 Mn (USD

S.A’s Naspers Fully Acquires Russia’s Leading Classifieds Avito With USD 1.16 Bn Deal

South Africa’s classifieds business OLX Group, which owned by Naspers, has pumped funds worth USD 1.16 Bn into Russian classifieds

World Economic Forum Coming To Africa For The First Time: Ethiopia To Play Host

Ethiopia will be hosting the World Economic Forum next year, accommodating political leaders, business executive and decision makers in international

Meet Khady Thiam Gueye – The Businesswoman And Sister Who Built Akon’s USD 80 Mn Brand

Does the name ‘Aliaune Damala Badara Thiam’ ring a bell? Probably not. How about ‘Akon’? Well, I’d like to think

AfDB Okays USD 25 Million For Renewable Energy In Africa

From the USD 250 Mn private equity fund for renewable projects across Africa, the African Development Bank (AfDB) has given

US Private Equity Firm Berkshire Buys Major Stake In African Data Center Teraco

Boston-based private equity firm Berkshire Partners LLC has bought a major stake in Teraco Data Environments Pty Ltd. to become

These Nigerian Twins Turned Away From A Life Of Crime And Made USD 54 Mn In Their Mom’s Kitchen

Sam and Steve Williams, 39, are identical twins of African descent who grew up in a tough neighborhood in South

Domestic Concerns Led This Cameroonian Student To Establish Her Own Company In Three African Countries

Here’s the thing about dreams; It’s not enough to just have them. At some point, you’re going to have to

South African Sun Exchange Raises USD 1 Mn From Recently Concluded ICO

Cape Town-based ‘Blockchain’ enabled solar energy startup Sun Exchange raised USD 1 Mn from its recently concluded ICO round. In

Tanzania Wants To Raise Money From Tourism By Registering Airbnb Operators

In a bid to raise more funds from tourism in Tanzania, the East African country’s government has announced a 50-day

Three African Enterprises Win USD 600 K Each At Zayed Sustainability Awards

Rwanda’s BBOXX, Tanzania’s Sanku and South Africa’s Africa Leadership Academy have each grabbed home USD 600 K, having emerged three of

Refugee Turned CEO: How This Entrepreneur Found A Sweet Spot For Creativity In War-Torn Somalia

Some twenty-nine years ago, Mohamed Bashir Oman, was born in Somalia’s troubled capital, Mogadishu. At a time when the first

If You Have Air, You Can Have Clean Drinking Water: The Female Trio Behind Majik Water In Kenya

Beth Koigi may have felt her skin crawl on seeing the filthy water spew from the tap when she first

Tesla Or No Tesla, Nigeria’s Energy Market Will Do Significantly Well

Earlier reports have spread what could be said to be falsifications about Tesla’s intention to invest in Nigeria’s energy market.