BUSINESS

Fund launches to power tech innovation startups across Africa

The Global Innovation Initiative Group (GIIG) has announced the launch of a first of its kind profit and purpose fund aimed at investing in early-stage tech innovation startups across Africa. Here’s how the Fund plan to play a part in stimulating entirely new industries, accelerating cross-border collaboration and unlocking access to new markets across Africa. Cape Town, South Africa & …

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How cybercrime threatens Africa’s thriving digital economy — Experts

Cybercrime is one of the top risk factors likely to jeopardize Africa’s economy especially at this time when the continent is transitioning to E-commerce under the Africa Continental Free Trade Area (AfCFTA). That’s according to panelists at a Book Talk hosted by the Economic Commission for Africa (ECA) on 2 September 2021 The “Book Talk” was jointly organised by ECA’s Knowledge Management …

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Facebook Marketplace rolls out across sub-Saharan Africa

Facebook has announced the launch of Facebook Marketplace to 37 countries and territories in sub-Saharan Africa. Currently available in South Africa, Ethiopia, Kenya and Nigeria, Marketplace exists as a point where people can discover, buy, and sell items from others in their local communities. This is done by tapping on the Marketplace icon or visiting Facebook Marketplace to browse and …

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“We are giving Africans the opportunity to own their nursing care business in Germany”

— EXCLUSIVE INTERVIEW — Godfrey Chukwuemeka Evurulobi is the founder and CEO of the Gosab Group of Companies, a Germany-based provider of nursing care service.Evurulobi runs three companies from Cologne – Gosab Personalmanagement und Consulting, Gosab Care GmbH and Gosabflex GmbH, with branches in Bergish Gladbach, Bonn, Düsseldorf, Frankfurt, Munich and Hamburg.In an exclusive interview with The African Courier, Evurulobi, …

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New airline takes off in Nigeria

Green Africa Airways Limited has announced the commencement of flight operations following its inaugural flight at the Nnamdi Azikwe International Airport, Abuja, on Thursday. The airline recently announced that it had received the Air Operators Certificate from the Nigerian Civil Aviation Authority. According to a statement by the airline, operations officially commenced with the inaugural flight from Lagos to Abuja …

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German state awards grants to African and Baden-Württemberg startups

Twenty-three start-ups in Africa and the German state of Baden-Württenberg have been awarded grants, including funds totalling 100,000 euros, by Baden-Württemberg Development Corporation Foundation (SEZ). Nineteen of the beneficiaries will receive funding, training and mentoring while the rest will benefit from training and mentoring. SEZ is the international development agency of Baden-Württemberg, one of Germany’s 16 federal states. The grants …

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Why African central banks must work together to roll out digital currencies – Mauritius

Bank of Mauritius Governor, Harvesh Seegolam, has called on African Central Banks to collaborate on digital currencies. He made the call at a meeting of the Ministers of Finance and Governors of central banks of all 54 African countries, held in Burundi and virtually on Thursday. This year’s edition of the annual gathering focused on ‘Digitalization for Inclusive Recovery and …

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What African enterprises need to know about the next ten years — CEO, SAP Africa

By Cathy Smith, Managing Director at SAP Africa Are African enterprises at risk of extinction, just as millions of natural species face extinction due to the impact of climate change? Businesses and countries across the continent are attempting to rebuild following the devastating economic impact of the pandemic. It is perhaps an opportune time to take stock of whether we …

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Munich: World’s leading solar industry exhibition turns 30

Munich/Pforzheim, July 15, 2021: After three decades of working towards a sustainable energy supply for the future, Intersolar, the world’s leading exhibition series for the solar industry, is celebrating its 30th anniversary this year. Having started off as the local Solar ’91 exhibition, Intersolar has evolved to become the most important solar industry platform in the world. The exhibition brings …

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Malabo hosts Africa’s biggest tech meeting

Technology at the service of African youth and the continent: TEG Campus, the biggest tech meeting in Africa, returns for a 4th edition with the theme “The Tech Response” ——– Equatorial Guinea, 16 July 2021 -/African Media Agency(AMA)/- From 22 to 27 July, the annual TEG Campus event will bring together for the 4th year in a row African players …

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Why cybercrime poses existential threat to West Africa’s economy — Expert

By Titilayo Adewumi, Regional Sales Director: West Africa at SAP LAGOS, Nigeria, 6 July 2021 -/African Media Agency(AMA)/- While organisations across West Africa work to recover from the economic impact of the pandemic, the global cybercrime industry is going into overdrive. An increasingly sophisticated cybercrime industry is launching a range of attacks aimed at organisations and critical infrastructure. Such attacks …

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German funding for Nigerian Startups! Call for Application!

Do you have an idea, business or initiative worth spreading or an upscale? Here is a platform… StartUp Afrika is a program designed to support innovative startups through intercontinental exchange and network plus funding. Why StartUp Afrika? We believe that startups can play a key role to create a social andecologically transformed economy in Africa and Baden-Württemberg. 100,000 euros for …

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SAP Young Professionals Program extends digital skills build to Lusophone Africa

LUANDA, Angola, 17 June 2021 -/African Media Agency(AMA)/- SAP’s flagship digital skills build initiative the Young Professionals Program is celebrating its first-ever graduates from Lusophone Africa. At a virtual graduation ceremony attended by Constantin Zelenty, Deputy Head of Mission, German Embassy Angola; Cathy Smith, Managing Director, SAP Africa; Pedro Guerreiro, Managing Director, SAP Central Africa; as well as SAP customer …

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SA, Nigeria and Kenya driving e-commerce in Sub-Saharan Africa

The top market contributors to e-commerce in Sub-Saharan Africa (SSA) over the last three years were South Africa, Nigeria and Kenya. This is according to a recent white paper released by Visa titled ‘eCommerce developments across Sub Saharan Africa (SSA)‘. According to Visa, SSA may be one of the smallest regions of e-commerce globally, but it shows steady growth potential. …

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Ethiopia signs pact with Internet Society to advance digital economy

The global non-profit organization Internet Society is committed to supporting Ethiopia in its vision to create an inclusive digital economy through the Digital Ethiopia 2025 Strategy ADDIS ABABA, Ethiopia, June 10, 2021/ — The Ministry of Innovation and Technology (MINT) of Ethiopia and the Internet Society (www.InternetSociety.org) announced a new collaboration agreement today that will help advance the digital economy …

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Google launches programmes to support small businesses in Africa

Google has kicked off a series of programmes that will support the growth and recovery of small and medium-sized enterprises (SMEs) in Africa’s post-Covid economy. The programmes will be rolled out throughout the month of June. On the continent, SMEs account for around 90% of all businesses forming the backbone of the economy. While these businesses account for 80% of …

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African start-ups chosen for €100,000 German investment prize

Ten start-ups from across Africa have been chosen for the Afro German Pitch Night at which the winner will walk away with €100,000 equity investment. The nominees were selected from the Deutsch Connect and Idea Seed Africa networks of start-ups.The final list of start-ups include five from Nigeria – namely, Agriple, Asusu, Chekkit, M.E Solutions and Rural Farmers Hub, and …

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Germany: Mentoring scheme for aspiring African entrepreneurs takes off

It has been observed that Africans are less likely to start their own businesses compared to other diaspora communities, such as Asians. A new initiative wants to change the situation by mentoring aspiring African entrepreneurs in Germany, providing them not only knowledge and skills training but also networking opportunities Deutsch Connect, a German-based Afrocentric startup that links African businesses to …

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Zimbabwean named UK’s first Black billionaire

THE London-based Zimbabwe-born businessman Strive Masiyiwa has been named the United Kingdom’s first Black billionaire. He has been reported to be worth £1.087 billion. Masiyiwa is the first billionaire of African origin to be included on the Sunday Times Rich List – a ranking of the wealthiest people or families resident in the United Kingdom. The list is updated annuallyand …

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