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Profiles & Features on African Entrepreneurs

New entrepreneurs get boost

Equipment presented. From the left are Modise Sehularo (Director of Small Business Development at the Department of Economic, Small Business Development, Tourism and Environmental Affairs), Maureen Makume (Mangaung Small and Medium Enterprise officer), Nonkululeko Mlonyeni (benefiting entrepreneur) and Andrew Setho (Mangaung branch manager of Seda). Photo: Teboho Setena A group …

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Entrepreneurship and regional integration transforming Africa’s economic landscape: Experts

DUBAI, 19th November, 2019 (WAM) — Sessions on the second day of the Global Business Forum Africa 2019 in Dubai put the spotlight on the potential impact of the African Continental Free Trade Area, AfCFTA, on trade and investment in Africa, and the important role of entrepreneurs in driving the …

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African Entrepreneurs in the Spotlight

The Africa Awards for Entrepreneurship took place in December – we look at the winners. In 2001 Africa Awards for Entrepreneurship saw a record 3,300 companies from 48 African nations submit entries to compete for the Grand Prize of US$100,000 The awards, founded by private investment group Legatum, were designed …

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Silicon Valley’s Portfolia Launches 8th Fund to Focus on African-American, Latino, LGBTQ Markets and Entrepreneurs

The Rising America Fund is the first of its kind to be led by a team of African-American and Latina women partners MENLO PARK, Calif., Nov. 19, 2019 /PRNewswire/ — Portfolia, which creates investment funds designed for women to back companies they want to see in the world, has announced the launch of …

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Here’s what startups had to say about SBC AfriTech’s 2019 programme

In an earlier statement following the conclusion of the 2019 cohort’s demo day, SBC AfriTech CEO and co-founder Philip Kiracofe commented that the graduation of the 10 startups from the programme is “just the beginning” for these firms. Ten African startups are ready to grow their business offerings, after graduating from Startupbootcamp …

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Nigerian startup, others shine in South Africa

GeroCare, a subscription-based healthcare service for the elderly, was among the top 10 startups handpicked as Best of Ecosystem from each of the major capitals on the continent. This was announced during the just-concluded AfricArena Summit held in South Africa. Others were Cloud 9 XP from Kenya; Fresh Box from …

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Chinese investors back $120m funding in Africa-focused fintech startup OPay Read more at: https://www.dealstreetasia.com/stories/opay-meituan-dianping-gaorong-capital-163164/

Africa-focused fintech startup OPay has secured $120 million in a Series B round of financing mainly from Chinese investors. Meituan-Dianping, and its investment fund DragonBall Capital, Gaorong Capital, Source Code Capital, SoftBank Ventures Asia, Bertelsmann Asia Investments (BAI), Redpoint China, IDG Capital, Sequoia Capital China, and GSR Ventures poured money …

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Ghana’s Innovation and Startup Culture Thriving

ACCRA – Ghana is regarded as a West African hub of invention, with growing numbers of young people looking at local solutions to local problems.  In December, Ghana is hosting two conferences on innovation and technology. Alhassan Baba Muniru, co-founder of the Recycle Up company, wants to clean up the …

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Africa: How to Close the $42 Billion Financing Gap Women Face

In African cultures, women play a nurturing role, they are the backbone of the continent. Yet, they face a $42 billion-dollar financing gap with over 3/4 of them being financially excluded. As a result of this systemic discrimination against women, access to financial services disproportionately favours men. For instance, in …

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