Lorine Towett

Lorine Towett

About Author

Lorine Towett is a liberal-minded individual who is passionate about journalism. She is an aggressive and professional journalist who is focused on taking business reporting to a whole new level. Having gained hands-on experience through freelancing for various blogs, she aspires to be the most sought-after business journalist. As a business writer at Weetracker, she will strive to give a unique and distinct outlook of the business and technology news in Africa. For more details contact her: [email protected]

Nigerian Diaspora Remittances Pumped in USD 25 Bn in 2018

Diaspora remittances earned Nigeria USD 25 Bn in 2018 “The Nigerian diaspora sent an estimated USD 25 Bn in remittances

New Report Reveals Tanzania Loses USD 96.6 Mn Annually Due To Drought

A recent report released by Tanzanian Government reveals that the country losses USD 96.6 Mn annually due to drought. The Country

Egyptian Startup GoodsMart Secures Additional Funding From Algebra Ventures

Egyptian startup GoodsMart has announced it has received additional funding from Cairo based investor Algebra Ventures. Algebra Ventures, who is

Investisseurs And Partenaires Announces Final Closure For I&P Afrique Entrepreneurs Funding

Impact investment group Investisseurs & Partenaires carried out the intermediate closing of its fund I&P Afrique Entrepreneurs 2 (IPAE 2)

South Korea To Build USD 100 Mn Worth University In Kenya

South Korea to pump USD 100 Mn in the construction of a University following a memorandum of understanding with the

Nairobi Based Communications Hardware Company BRCK Acquires Wi-Fi Service Provider Surf Kenya

Nairobi-based integrated hardware and software company BRCK has made known that it has acquired WI-FI service provider Surf Kenya. Information

UNESCO Partners With Armor To Equip Pupils In Africa With Portable Lamps

90 million primary school children in Sub-Saharan Africa lack access to electricity; a basic requirement which is significant in improving

SA Startup Xineoh Raises Additional USD 500 K In Series A Funding

South Africa’s artificial intelligence startup Xineoh has announced the closure of an additional non-brokered private placement equity of USD 500 K. Combined

Kenya Earned USD 1.53 Bn From Fresh Produce Export in 2018

Exports from fresh produce earned Kenya USD 1.53 Bn in 2018, a notable 33 percent increase from that of the previous

Softbank-Backed Shared Workspace Giant WeWork Heads To Johannesburg

U.S.-based shared workspace provider, WeWork, has announced plans to expand its operations to Johannesburg, South Africa. The New York-based company which

Kenyans Can Now Pay For Amazon Purchases Via Western Union

Kenyans can now pay for purchases on e-commerce platform Amazon through Western Union. The newly launched payment option will now

South African Tech Startup RapidDeploy Raises USD 12 Mn In Funding

South African tech startup RapidDeploy has secured USD 12 million in series A funding from GreatPoint Ventures and Samsung NEXT.

European Investment Bank Invested USD 3.74 Bn In Africa

The European Investment Bank had agreed to USD 3.74 Bn of new financing for the private sector and infrastructure investment

Kenyan Government To Spend USD 100 K On Upgrading Warehouses For Farmers, SMEs

The Kenyan Government is set to upgrade all state-owned warehouses at a cost of USD 100 K. The Ministry of

German Investor To Install 19- Solar-Powered Water Kiosks & Employ Youth In Kenya By End Of 2019

It is finally a sigh of relief for Kenyan towns that grapple with water shortage after a German solar company;

New Study Ranks Egypt Top Investment Destination In 2019

A new study by South Africa’s Rand Merchant Bank (RMB) has ranked Egypt the top most attractive investment destination in

Mara Corporation To Produce First Africa-Made Smart Phones in Rwanda

Rwanda based technology company Mara Corporation and Rwandan government officials have announced the rollout of a factory to produce smartphones in Rwanda.

Econet’s Founder Strive Masiyiwa Pledges USD 100 Mn Debt For Zimbabwean Entrepreneurs

Econet Wireless Founder Strive Masiyiwa and his wife Tsitsi Masiyiwa have pledged USD 100Mn to support rural businesses and entrepreneurs

Why This US Entrepreneur Feels That SMEs Will Propel Kenya’s Economy

According to Karl Gibbons, the Entrepreneurs Society of America Chairman, the growth of the Kenyan economy will be driven by

Why Kenyans May Be Forced To Dig Deeper Into Their Pockets To Afford A Favorite Delicacy

Kenyans may soon be forced to spend more to afford a plate of their favourite meal; Chips. This is following

Facebook Partners With Nigerian Website In A Bid To Curb Fake News Spread

Facebook has entered into a partnership with Dubawa, a Nigerian website in a bid to curb the rising cases of

The Killer Lake In Rwanda Bags The Country A USD 400 Mn Deal

The Rwandan government has signed a USD 400 Mn deal with Gasmeth Energy Limited to produce bottled methane gas from

USD 37.4 Mn Investment Announced For South African SMEs

Silicon Valley-based techprenuer Vinny Lingham’s Newtown Partners and Lion Pride investment holdings have made known their plans to raise USD

Kenyan Startup FarmDrive To Credit 3 Mn Farmers After Receiving Additional Investment

Nairobi based startup FarmDrive has received financial backing from Canada based company EWB. The Canadian investor ventures on nurturing early-stage

You Will Be Amazed To Know How Much An Average Kenyan Earns

According to the latest reports by the Kenya Institute for Public Policy and Research (KIPPRA), employed Kenyans earn an average