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
Zepz Raises $267 Million to Expand in Africa
Formerly known as WorldRemit, Zepz raises $267 million in funding from new and existing investors to fuel its expansion in its core African markets and beyond. Accel led the round with participation from Leapfrog, TCV, and Coller Capital. Additionally, the International Financial Corporation, a global development institution and member of the
Dr Ngozi Okonjo-Iweala: An Economist and World Leader
Dr Ngozi Okonjo-Iweala stands as one of the most influential figures in global economic policy. Known for her work as a two-time Minister of Finance in Nigeria, her contributions to the World Bank, and her historic appointment as the first African and first woman Director-General of the World Trade Organization
Dutch Government Invests $132.8 million in Lagos Sustainability Project
According to the Lagos State government, Dutch government invests $132.8 million in Lagos sustainability project, Nigeria. The partnership, involving the Lagos State and the Dutch company Harvest Waste Consortium, aims to convert part of Lagos’ daily waste into electricity. The project will be based at the decommissioned Epe landfill, where Harvest Waste
