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
MultiChoice Hikes DStv Subscription Prices in Kenya by 4.7%
MultiChoice hikes DStv subscription prices in Kenya by 4.7% starting November 1, 2024. Subscribers to the DStv Premium package will pay KSh11,000, up from KSh10,500, while Compact Plus subscribers will pay KSh6,800 instead of KSh6,500, representing 4.7% and 4.6% increases, respectively. While reasons for the latest hike were not disclosed,
TLcom Capital Leads Seed Investment in LittleFish
TLcom Capital leads seed investment in LittleFish, a South African fintech startup on a mission to reconnect banks with Africa’s small and medium-sized enterprises (SMEs). They have closed its seed investment round led by TLcom Capital, with Flourish Ventures as a co-investor. This development marks the first investment in South Africa for
US SEC Charges Former Tingo Accountant with Aiding and Abetting Fraud
US SEC charges former Tingo accountant, Olayinka Oyebola and his firm are charged for allegedly assisting in a large-scale securities fraud. According to US SEC, this fraud is orchestrated by Tingo Founder Mmobuosi Odogwu Banye (also known as Dozy Mmobuosi) and three related US companies under his control. The fraud, involving Mmobuosi’s
