Tag Archives: capital
capital: Latest News
Peter Pedroncelli, 4:18 am
In an effort to attract foreign direct investment back to the country, Egypt has passed a law that is designed to cut red tape and make conducting business in the country far easier. Along with reducing bureaucracy for new business ventures in the country, incentives have been created in order to attract businesses to return to the North African nation. Egypt’s economy has been struggling in the last six years since the 2011 uprising that saw Hosni Mubarak overthrown as Egyptian president.
Dana Sanchez, 2:50 pm
London-based discount airline Fastjet is seeking another injection of capital and trying to stabilize its business by cutting unprofitable routes. It’s hoping to add internal South African flights — a crowded market but one it said it can’t ignore. Fastjet was engaged in a price war with Kenya Airways. Now it’s cutting routes. Traded on the London Stock Exchange, Fastjet wants to be the first pan-African low-cost carrier, but has not made a profit since its 2012 inception. A new, sooner-than-expected capital raising effort in the first quarter of 2017 prompted Fastjet Chairman Colin Child’s resignation.
Kurt Davis Jr., 3:58 pm AFKI Original
The commodities downturn and slowing growth instill fear in some investors. But the underlying fundamentals of West Africa and Central Africa are positive. Nearly a third of adults in West Africa have a bank account. Throw in a very young population — 44% of West and Central Africa is 14 years old or younger. Mobile banking becomes a massive opportunity if you digest these demographics in the long term. The commodity decline is changing the Africa rising story. The financial services sector deserves not to be wrapped up in the anxiety.
Peter Pedroncelli, 7:17 am AFKI Original
Tech startups are all the rage these days, and Africa is not missing the boat in this regard, providing the tech sector with an abundance of great businesses geared at taking on challenges and finding innovative solutions to help people overcome these challenges. We decided to take a closer look at 8 things you probably didn’t know about funding for African tech startups.
Dana Sanchez, 10:26 am
Sub-Saharan African youth lead the way globally with 28 percent of youth running their own businesses and 52 percent saying they intend to start a business. Uganda has the highest regional rate of entrepreneurial activity. When it comes to financing youth, Angola performs best. The problem is most of these businesses support just the owner and never go on to generate more jobs.
Dana Sanchez, 3:37 pm
Africa’s private equity market is overcrowded with too many people going after the same few large deals, but there’s a lot of opportunities in smaller deals, a stakeholder says. The new phenomenon is the appearance of global private equity players – global behemoths looking to allocate to Africa – alongside larger fund raisers by traditional players and South African players extending their mandates north of the border, BizNews reports.
Chairman and founder of the Africa Angels Network, Pule Taukobong recently sat down with AFKInsider and shared his journey to building an angel investment fund. In part one of the interview, he speaks on raising capital, selecting start-up industries and the motivation behind selling all of his belongings to support African entrepreneurs.
Kevin Mwanza, 5:36 am
A Kenyan based startup incubator Nailab has launched a mobile crowd-funding platform Babandu hosted by the 1%Club site to assist local entrepreneurs to access cheap non equity capital. The site maximizes on the African spirit of communal fundraising also known as ‘Harambee’ that is well entrenched in Kenya’s culture.
Kevin Mwanza, 5:12 am
Being an entrepreneur is hard enough, but being an entrepreneur in Africa trying to find funding for your project is even much harder. Despite huge opportunities with returns easily beating those in developing world, finding someone willing to inject capital into an African start-up is the biggest reason for many would be entrepreneurs failing in their ventures.
- Real Estate