Ventures Africa - African Business, Financial & Economic News
Africa’s Tech Ecosystem: Innovation Thrives Amid Funding Challenges. Techup Africa launches TAMP 2024 to empower 1,000 young Africans with tech skills through scholarship. $40 000 in prize money won by four leading African entrepreneurs. Advancing financial inclusion: TBD’s vision for Africa’s digital future. Business.
Lord Of The Mines: Billionaire Patrice Motsepe - Ventures Africa
Jul 17, 2012 · From a low-level mining services business, Motsepe has built one of Africa’s largest mining companies. In 2010 ARM had revenues of about $2 billion and the company currently employs over 9,500 people. As a result of his 40 percent stake in ARM, Motsepe is now one of Africa’s wealthiest men, with a net worth estimated at close to $3 billion.
Kuda Bank’s $500 million valuation - Ventures Africa
Aug 11, 2021 · Kuda, one of Nigeria’s leading fintech banks, recently announced a $55 million Series B funding led by Valar Ventures and Target Global, with a $500 million valuation.Other investors who took part included Japan-based Strategic Business Investor (SBI) Investment and previous angel investors. This latest round of funding comes just a few months after the company raised a $25 million Series A ...
What you should know about the Indorama, Nigeria-based urea …
Jan 26, 2023 · Agriculture places a critical role in the sustenance of lives and livelihoods on the continent. A 2019 McKinsey report emphasised the role of agriculture in Africa, which has a massive social and economic footprint.
Ventures Africa - African Business, Financial & Economic News
Business. ODEON tours targets 620,000 tourists in Egypt for 2024 with new headquarters expansion. Saudi Arabia to convene global mineral sector at fourth future minerals forum in January 2025. African fintechs will embrace blockchain in the coming years and here’s why. Kenyan youth justifiably target IMF and government in anger.
Savenda Group's ZAMBIAFresh seeks to revolutionise farming and …
Jul 5, 2022 · It’s the brainchild of the noted logistics and supply management firm, Savenda Group, founded by Clever Mpoha in 1997. ZAMBIAFresh is undertaken by Savenda Capital, a Savenda Group subsidiary. The centrepiece of ZAMBIAFresh begins with the centuries-old concept of the urban farmer’s market. We’re all familiar with the urban market concept.
A Look At Nigeria’s First Automobile Manufacturer
Nov 3, 2013 · This man is responsible for launching Africa’s first indigenous motor brand: Innoson Vehicle Manufacturing Company (IVM), though his journey has not been without challenge. Industry and Infrastructure. For many years, Nigeria, with its population of some 160 million people, has been a significant market for many of the world’s automobile ...
The Untold Story of Iroko: How Nollywood's Digital Pioneer has …
Jan 19, 2017 · Founded in 2010 with approximately $40 million in total funding from the likes of New York’s Tiger Global, Sweden’s Kinnevik, and France’s Canal+, IROKO is a leading digital distributor of Nollywood content globally. Throughout the firm’s history, it has undergone several dramatic changes which have seen it increasingly target African consumers at …
Kenya is making giant strides to be Africa’s EV hub
Feb 13, 2023 · Roam Motors, as their maxim goes, is electrifying Africa, one vehicle at a time. Last September, the startup kicked off the production of Kenya’s first all-electric bus, equipped with a 384-kWh battery pack that should enable a range of 360 kilometres. The startup also produces electric motorbikes, which are offered to people through ...
Africa’s Most Innovative Banker – FNB CEO, Michael Jordaan
Sep 29, 2013 · Business. Africa’s Most Innovative Banker – FNB CEO, Michael Jordaan. Six months after starting his PhD thesis on Banking Supervision, a young Michael Jordaan saw the following recruiting advertisement for Rand Merchant Bank’s (RMB) “Class Of” programme in a newspaper: “Archie and Ben were professional golfers and keen rivals.