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BUSINESS & DEVELOPMENT

World Bank predicts drastic fall in remittances to Africa due to coronavirus pandemic

Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown, the World Bank has predicted. “The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be …

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WIDU: Promoting entrepreneurship in Ghana and Cameroon with German government grant

There is an ongoing innovative project, sponsored by the German government, to promote micro and small businesses in Africa. WIDU, an initiative of the Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the development agency GIZ, leverages diaspora remittances for the creation of jobs and better economic prospects in Africa. It’s currently being implemented in Ghana and …

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Jack Ma Foundation opens search for African business heroes 2020

The Jack Ma Foundation has opened the application process for its Africa’s Business Heroes competition. Africa’s Business Heroes (ABH) is organized by the Africa Netpreneur Prize Initiative, established in 2019 to cultivate and empower young African entrepreneurs by giving equal opportunities to those who harnessed the power of small businesses and technologies. Through its associated activities and training, business leaders …

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Afrolynk and GIZ partner to support WIDU digital platform

Afrolynk is an Impact Venture that supports innovation, connects and accelerates, together with start-ups, entrepreneurs, investors, venture capitalists, SMEs, cooperation and organizations that are connected to the EU-African market. As part of the Accelerate pillar of the operations, it has partnered with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to carry out the WIDU project in Ghana. The WIDU Platform is …

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African Bank to help Sierra Leone restore self-sufficiency in rice production

Sierra Leone will look to the African Development Bank to stimulate agribusiness development in the country with a focus on rice production, President Maada Bio told a visiting delegation led by its president, Akinwumi Adesina. Adesina began a two-day visit to Sierra Leone on Wednesday, during which he held meetings to discuss curbing malnutrition, creating skills and jobs for young …

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Interview: How Afrolynk addresses Africa’s development challenges with technology

Afrolynk is a Berlin-based company that promotes increased African-European business relationship with a focus on technology as the chief driver of integration. The social enterprise, which is present in 8 African countries – Ghana, Kenya, Nigeria, South Africa, Tunisia, Uganda, Zambia and Zimbabwe, supports young entrepreneurs with free online courses for the development of their skills. The company, which organises …

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African leaders launch Fund to drive women entrepreneurship at AU Summit

Heads of State and Government who gathered at the 2020 African Union Summit have made the provision of more opportunities to women a centre-piece of their collective efforts to drive the continent’s economic growth and development. The Summit, taking place from 8-10 February in the Ethiopian capital of Addis Ababa, witnessed the launch of African Women Leadership Fund that will …

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Google Developers Space opens in Lagos

Google has launched its first Google Developers Space in Lagos, Nigeria. Previously referred to as the Google Launchpad Space, the Google Developers Space is a hub for African developers, entrepreneurs and startups. The event took place on 29 January. Sundar Pichai, Google CEO, made a commitment to African entrepreneurs in July 2017 to start the Launchpad Accelerator Africa program and …

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French company opens West Africa’s first support centre for bakers

French company opens customer support facility, the first of its kind in West Africa, to help professionals in the development of new products or breadmaking processes, train them using on-site equipment or intervene directly in their customers’ workshops and production sites to provide technical support. ABIDJAN, Cote D’ivoire, January 29, 2020/ — On Tuesday, 28th of January 2020, Lesaffre inaugurated …

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Nominations Open for Inclusion in Startup Guide in East and West Africa

Global guide for startups calls on entrepreneurs in East and West Africa to submit nominations to be part of comprehensive guide to resources for startups and founders doing purpose-driven business in region. JOHANNESBURG, South Africa, January 28th, 2020,-/African Media Agency (AMA)/- To all entrepreneurs, innovators, accelerators, experts and co-working spaces across the Silicon Savannah, from Nairobi to Lagos, Kigali to …

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YouTube appoints Nigerian as Managing Director for Europe, Middle East and Africa

YouTube has announced the appointment of Alex Okosi, a Nigerian, as managing director of emerging markets for YouTube in Europe, Middle East and Africa (EMEA). Okosi will be responsible for running YouTube’s business and partnership teams across emerging markets in EMEA including Russia, the Middle East, North and sub-Saharan Africa. He will report to the head of YouTube EMEA, Cécile …

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Janngo pledges €60 million at Davos to back African startups

Janngo unveils Janngo Capital Startup Fund, its €60m Venture Capital fund dedicated to financing tech-enabled startup accelerating progress towards the Sustainable Development Goals (SDGs) in Africa, with a €15m anchor investment by the European Investment Bank On the eve of its participation to the 50th World Economic Forum, Janngo pledges 60€ million to back technology startups with a double bottom …

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Ghana signs agreement with Siemens to address electricity challenges

Germany’s technology company Siemens has signed a Memorandum of Understanding (MoU) with the Government of Ghana to address the country’s energy and infrastructure challenges, while contributing to the country’s growth and development agenda of creating high quality jobs and enhancing the vocational skills of Ghana’s youth. The MoU was signed by Siemens and the Ghana Grid Company Limited (GRIDCo) in …

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African leaders gather in London for investment summit

African political and business leaders gather in London on Monday, 20 January for the UK-Africa Investment Summit. The Summit, hosted by British Prime Minister Boris Johnson, brings together businesses, governments and international institutions to promote British investment in Africa. Taking place in the wake of Brexit, the Summit seeks to strengthen the UK’s economic position in African nations, which are …

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Global food and agriculture fair opens in Berlin

The International Green Week opens on Thursday (16 January) in Berlin. The exhibition, which is the world’s biggest fair for food, agriculture and horticulture, will run until 26 January. In a total of 27 exhibition halls at the Berlin Exhibition Grounds, about 1,800 national and international exhibitors present typical regional products and services. Among the African countries participating at the …

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Applications Open for ‘FORBES AFRICA 30 Under 30’ for 2020

FORBES AFRICA is on the hunt for Africans under the age of 30, who are building brands, creating jobs and transforming the continent, to join its Under 30 community for 2020. JOHANNESBURG, 07 January 2020: Attention entrepreneurs, creatives, sport stars and technology geeks — the 2020 FORBES AFRICA Under 30 nominations are now officially open. The FORBES AFRICA 30 Under 30 …

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