Business: Latest News
Peter Pedroncelli, 6:15 am
Facebook has selected Nigeria as the location of its first small business council on the African continent, launching the support structure for businesses in the West African country. The council is aimed at supporting small and medium-sized businesses throughout Africa, with Facebook Africa’s small business council and Nigerian business owners from a range of industries brought together for the benefit of the small business economy in the country.
Tom Jackson, 10:08 am AFKI Original
It was not so long ago that Uber was riding the crest of a wave in Africa, seeing off initial competition from the likes of Snappcab and Zapacab in South Africa, as well as well-funded pan-African competitor Easy Taxi. Yet Uber can now see that the playing field is getting more congested, and its new rivals have more backing than the local clones it had to deal with when it first arrived on African shores.
Peter Pedroncelli, 8:31 am AFKI Original
Banks in Africa are beginning to understand that partnering with tech startups is a smart way to innovate and stay relevant for their customers. Examples of this are present throughout the continent, with traditional banking institutions working together with fintech firms for mutual benefit. Sectors such as mobile payments, remittance and alternative finance have been significant growth areas for African fintech startups.
Peter Pedroncelli, 8:30 am
Applications have officially opened for tech startups in Botswana with ambitions of pitching at a local Seedstars World event in the country’s capital. The winner of the early-stage startup contest in Gaborone on Nov. 3 will earn the right to pitch to investors at a final in Switzerland next year. The selected startups will pitch to a panel of judges for a chance to earn investment and prizes.
Peter Pedroncelli, 5:06 am
New York and Nairobi-based agri-tech company, Gro Intelligence, has secured funding from alternative asset firm TPG’s middle market and growth equity platform, TPG Growth. The agricultural analytics business announced Series A-2 financing led by TPG Growth, alongside Data Collective and unnamed strategic family offices. With global investment in food and agribusiness growing fast, demand for insightful, reliable data on the sector has never been greater, and this is where Gro Intelligence comes in.
Peter Pedroncelli, 10:46 am
The sixth edition of the MTN Business App of the Year Awards took place recently in Johannesburg, with mobile applications across various categories recognized for their positive impact on business. Mobile app solutions developed and presented by people from a diverse range of socio-economic backgrounds ensures that these solutions are designed with real-life challenges in mind.
Peter Pedroncelli, 6:01 am
E-health startups across the African continent have shown impressive growth in recent years, allowing them to raise over $19 million in investments. While the e-health startups present on the continent continue to gain traction, the industry as a whole is experiencing strong growth, and between the 115 medical-related startups operating in 20 countries, over $19 million worth of investment has been attracted.
Tom Jackson, 1:13 pm AFKI Original
Investing in Africa is about to change, with artificial intelligence set to play a crucial role in evolving the sector once and for all. A South African startup plans to invest in a diversified portfolio of domestic and international assets, using machine-learning algorithms to make investment decisions. The process allows the company to discover hidden patterns in big data, which can then be exploited to forecast returns.
Peter Pedroncelli, 7:50 am
Taxi-hailing startup Uber has appointed a new West Africa general manager, with Nigerian-Canadian Lola Kassim now heading up operations in the region. The announcement sees the former management consultant at McKinsey and Company take on the West African leadership role at the California-based firm. Uber currently operate in 15 cities across eight African countries, including Kumasi, Accra, Abuja and Lagos.
Ann Brown, 2:41 am AFKI Original
Shaleen Manhire Nullens has been working since she was 14, beginning a long road that now sees her reach her potential as a successful serial entrepreneur. From difficulty and necessity, she has managed to rise from the ashes into a highly successful business person with multiple businesses under her belt and more in her future sights. Nullens tells an inspiring story of making a comeback and fighting to be successfu
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