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
Hohm Energy Faces Financial Struggles Despite Raising $12M in Two Years
A South African climate startup, Hohm Energy faces financial struggles despite raising about $12M in two years. Hohm is focused on helping the transition to solar for individuals and businesses and recently halted operations due to financial difficulties including challenges in servicing existing debts. According to Franc Gray, CEO of
Top 17 Delaware Small Business Grants This Year
When you want to convert your idea into a small business or a startup, there are several processes you will have to go through to make the idea a success. One of the essential aspects of any new business is funding, which helps you to manage its initial formation costs and the
Egypt’s Lucky ONE Secures $3M to Expand Operations and Enter New Markets
Egypt’s Lucky ONE secures $3M in a convertible bond round to expand its credit platform and facilitate entry into new regional markets over the next two years. The funding round saw participation from existing investors, including Lorax Capital Partners, KEM, and DisrupTech Ventures. With this funding, the fintech also aims
MTN Nigeria Renegotiates Tower Deal with IHS and ATC
MTN Nigeria renegotiates tower deal with IHS and ATC after a service revenue decline in Q1 2024. The agreement will cover over 13,500 tenancy contracts through December 2032, including renewing 1,430 MTN Nigeria tenancies. Out of these, 2,500 will expire at the end of 2024. With a USD component linked
MTN Exits One of its West African Markets, Completes Sale to Telecel
MTN exits one of its West African markets, completes sale to Telecel in Guinea-Bissau. The deal, pending regulatory approvals, has been finalized after receiving all necessary approvals. This move aligns with the Group’s strategic aim of accelerating portfolio transformation and is believed to be in the best interests of MTN
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