Ghana: Latest News
Staff, 8:32 am
The Venture Capital Trust Fund (VCTF) in Ghana is under immense financial strain as a result of alleged mismanagement and misappropriation of funds by one of its former bosses. The Venture Capital Trust Fund was established in 2004 through an Act of Parliament, to provide low-cost financing to small and medium enterprises so as to enable them expand and create wealth and jobs. The law establishing the fund does not allow for direct equity investment in or provision of debt to any company.
Peter Pedroncelli, 8:25 am AFKI Original
Tech companies continue to inspire Africa and Africans through their unique service offering to the continent and the way in which they enhance people’s lives. From renewable energy to telecoms and other tech firms, African consumers are benefiting from a growing tech sector throughout Africa, and certain companies are making waves as inspirational businesses contributing to better lives for the people they serve. Here are 12 tech and telecoms companies that continue to inspire Africa.
Kurt Davis Jr., 10:55 am AFKI Original
Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.
Peter Pedroncelli, 3:26 am
Google and three strategic partners have committed to investing a combined $100 million in a broadband infrastructure project to benefit African cities, with fast and reliable internet capabilities in the pipeline. The agreement signed between the four investors sees the creation of a new entity known as CSquared, which will operate as an independent company and will be based out of offices in Nairobi, Kenya.
Staff, 1:00 am
With Africa’s population projected to be about 2 billion by 2050, farming must undergo huge strides in productivity to ensure the ability to feed them. Numerous types of digital technology are available to take farming to this level, and entrepreneurs are beginning to introduce them to farming. To take advantage of them, however, there must be widespread internet availability, adequate funding, and ways overcome farmers’ reluctance to adopt new practices.
Peter Pedroncelli, 6:38 pm AFKI Original
Africa remains a continent with great investment potential, and African economies continue to make efforts to attract investors from around the globe. With a population of over one billion people and rapidly growing middle class, Africa offers significant opportunities to invest in the continent’s non-commodities sectors such as financial services, construction, and manufacturing, amongst others. Here are the 12 most attractive African economies to invest in for 2017.
MallforAfrica Launches Dedicated Website To Give Africans Direct Access To Millions Of eBay ProductsBy Peter Pedroncelli, 6:26 am
African e-commerce platform MallforAfrica (MFA) has announced the launch of a new dedicated website for eBay shopping enthusiasts in Africa. Available in Nigeria and Kenya, before a role out to other African countries, the website ebayforafrica.com see the online site extend its relationship with eBay for the benefit of customers in Africa, allowing them to access tens of millions of eBay.com listings directly from the site. African online shoppers will now have unprecedented access to millions more products.
Peter Pedroncelli, 5:36 am AFKI Original
African entrepreneurs continue to be the a positive influence on economies and communities across the continent, as they strive to make their businesses work and solve problems experienced by fellow Africans. Successful entrepreneurs have a great deal of wisdom to share with others, and often employ revolutionary tactics or a specific mindset in order to bring their ideas to life. Here are 12 revolutionary tactics and mindsets employed by African entrepreneurs in their own words.
Staff, 8:34 am
Data remains a luxury and often agonizingly out of reach, even on mobile. In fact, 60 percent of people in sub-Saharan Africa will still lack a data connection in 2020. Wide accessibility to SMS has made mobile banking possible, but more sophisticated services require data provision to work, especially services which require strong security.
Kurt Davis Jr., 5:03 pm AFKI Original
The story line in 2017 is buy undervalued assets, especially those with massive upside — no surprise. The surprise, however, may be looking for that opportunity in the Democratic Republic of the Congo. Kabila is still in power despite his term of office ending. Mineral prices have been low and hurt local mining companies. Budget cuts are a big topic in local politics. The DRC, like one or two other countries on this list, is worrisome on the surface. But there are opportunities in the government’s desire to strengthen private-sector investment.
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