Competition Beefs up as New MVNO Enters South Africa’s Market
Competition beefs up as new MVNO enters South Africa’s market. The new entry is the South African insurance company, Old Mutual, it launched a Mobile Virtual Network Operator (MVNO) on Cell C. Clarence Nethengwe, OM Bank’s CEO designate, confirmed that the MVNO service, known as Old Mutual Connect, is part
Egypt’s Vodafone, Orange, and e& Receive 5G Licences
Egypt’s Vodafone, Orange, and e& receive 5G licences after the Egyptian government signed agreements for the second phase of 5G licences. Amr Talaat, Minister of Communications and Information Technology, said the agreements intend to enhance 5G services, significantly improve communication quality, and expand the network’s capacity for optimal performance. He
Nigerian Fintech, Okra Enters the Cloud Services Market
The Nigerian open banking startup, Okra expands the cloud services market with the launch of its new service, Nebula. With this move, Okra joins the growing ranks of homegrown cloud providers like Nobus, Galaxy, and Layer3, all positioning themselves as affordable alternatives to global giants such as Amazon Web Services (AWS)
MultiChoice to Retain 40% in $155.5 Million Deal Following Regulator’s Approval
MultiChoice to retain 40% in $155.5 million deal following regulator’s approval. This is coming after South Africa’s Competition Commission gave the green light for MultiChoice to sell 60% of its insurance subsidiary, NMS Insurance Services (NMSIS), to insurance and financial services provider Sanlam. The deal, valued at a substantial R2.7
How to Grow Your Business on a Tight Budget
In Africa, starting and running a business can be both exhilarating and daunting. One of the biggest challenges many new entrepreneurs face is managing a tight budget. Because access to capital is often restricted, but the passion for entrepreneurship and innovation isn’t lacking. However, with strategic planning and resourcefulness, it’s
12 Mistakes to Avoid When Starting a Business This Year
We’ve compiled a list of 12 mistakes to avoid when starting a business. Avoiding these mistakes could help give your fledgling business the very best start. Please note that, while we’ve made every effort to ensure that this information is accurate and up-to-date. It doesn’t constitute legal advice and it isn’t
Equator Africa Gets $5 million to Support African Climate Tech Innovation
The venture capital firm, Equator Africa gets $5 million from the International Financial Corporation (IFC) to support businesses and innovation in the African climate sector. This comes after securing an initial close of $40 million in April 2023 to bridge the persistent funding gap for climate tech innovation, particularly for seed and
13 Proven Strategies to Scale Your Small Business
Scaling a business is crucial for its long-term success and involves increasing revenue and expanding operations without a proportional cost increase. Starting a company and moving beyond the ideation phase is achievable for most entrepreneurs and business owners. However, the real hurdle lies in scaling the business over time. This
10 Steps to Launch Your Interior Design Business This Year
With a growing demand for interior designers, there’s no better time than now to start your own interior design business. If you have a good eye for design and you are able to create beautiful and functional spaces, then you have the potential to be successful in this field. In
Scale Raises $700,000 for Expansion
South Africaʼs Scale raises $700,000 to accelerate expansion into Kenya, Zambia, and Cote d’Ivoire. 54 Collective, a sector-agnostic VC firm, and First Circle Capital led the funding round with participation from Sunny Side Venture Partners and a group of angel investors. With the expansion, the startup intends to transform the
