Canal+ Plans to Boost its Stake in Mauritius’ pay-TV MC Vision
Canal+ plans to boost its stake in Mauritius’ pay-TV MC Vision from 37% to 75%, pending regulatory approval, aiming to become the majority shareholder. Currimjee Jeewanjee and Co., which co-founded MC Vision, will reduce its stake from 57% to 25%, while the state-owned Mauritius Broadcasting Corporation will sell its 10%
Leveraging Royalties as a Tool for Business Financing This Year
Leveraging royalties as a tool for business financing is another way entrepreneurs can raise capital. While traditional methods like equity financing and debt are commonly known. There is another option that offers a unique blend of benefits: royalty financing. This form of financing allows businesses to leverage their intellectual property,
Royalty Financing: An Alternative Path to Business Funding This Year
In the world of business financing, companies have traditionally relied on debt and equity to raise capital. However, these options often come with significant challenges—debt requires repayment with interest, and equity involves giving up ownership. For businesses looking for an alternative way to fund growth without the burdens of conventional
TikTok Reduces African Workforce Amid Global Restructuring
Chinese short-form video hosting social media platform, TikTok reduces African workforce in June 2024 amid global restructuring. This development came barely a month after existing employees revealed that the social media giant announced plans to cut its workforce globally, particularly in its marketing and operations team. Reports, however, indicate that the ByteDance-owned social media
Uganda UTel Secures $225 Million Investment From a Dubai-based Investor
Uganda UTel secures $225 million investment from a Dubai-based investor, Rowad Capital Commercial (RCC) LLC, a global engineering and construction contractor. The investment was preceded by extensive meetings and negotiations between RCC officials and Uganda’s president Yoweri Museveni earlier this year. Established as Uganda’s national telecom provider on April 8,
9 Business Opportunities in South Africa for Small Businesses
Thinking about starting a small business in South Africa this year? Whether you’re diving into full-time entrepreneurship or planning a side hustle, this list of more than 50 small business ideas is for you. Each idea below is selected for its practicality, flexibility, and proven potential for success. Whether you start a clothing
Top 10 Business Opportunities in South Africa This Year
South Africa, with its diverse economy and rich cultural heritage, presents a wealth of business opportunities for entrepreneurs and investors alike. As the most industrialized nation on the African continent, it offers a dynamic and growing market that is well-positioned to attract both local and international businesses. Whether you’re a
The Best Airport in Africa This Year
Africa is becoming a premier destination for travelers, fueled by a dynamic tourism and business sector. Also, the continent’s aviation network is rapidly evolving, facilitating vital connections between Africa and the international community. In its recent 2024 report on the Best Airports in Africa, Skytrax, a UK-based airline and airport
The Strongest Currency in Africa This Year
Have you ever wondered the strongest currency in Africa? Well, here’s your chance to know! Africa, a continent of diverse cultures, landscapes, and economies, is home to a myriad of currencies. While some have weathered economic storms and maintained their value, others have faced significant challenges. In this blog, we’ll
Jumia’s Stock Price Decline Raises Concerns Over Secondary Share Sale
Jumia’s stock price decline raises concerns over secondary share sale. The stock price dropped significantly on Thursday, August 8, 2024. Extending the decline that started two days prior after the eCommerce company reported 2024 second quarter revenues of $36.5 million. F falling short of the projected $41.7 million. In the last three
