BUSINESS

How to set up a new business as an expat in Germany

There are many opportunities for startups in Germany. A few tips that will help you achieve success. —— Find a space for your ideas  For years, Berlin has also been regarded as Germany’s startup capital. Every year, more than 500 new businesses are launched there. However, cities in the Ruhr region, such as Essen or Dortmund, repeatedly top the German rankings because …

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Berlin to award outstanding entrepreneurs with migration background

Berlin is awarding prizes to entrepreneurs with a migration background operating in the city, which is also a federal state. The prize, Vielfalt unternimmt – Berlin würdigt migrantische Unternehmen and awarded once in two years, gives public recognition to the achievements of minority entrepreneurs who are contributing greatly to the economic development of the city. The prize was first awarded …

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Interview: How to harness benefits of investing in Africa — Dennis Elverir, AIC

Producing in Africa is not only lucrative for the investors but also means reducing poverty and dependence on foreign suppliers. Yet Africa is still not seen in Europe as a favourable destination for investors. Dennis Elverir, head of the Africa office of African Investment Consultancy, explains how and where to invest in Africa and the hurdles to to watch out …

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AFRIKA KOMMT! Call for applications!!

AFRIKA KOMMT! – a further training programme for young African executives – brings together the most visionary young leaders from Africa and leading German companies. The programme revolves around an eight-month internship in a German company. During their assignment, participants gain valuable insight into work processes, company structures and management methods. But the programme goes beyond providing individual support. The …

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Call for applications: Google Black Founders Fund for Startups in Africa

Applications have opened for the third cohort of Google’s Black Founders Fund for Startups in Africa and Europe. The company has committed $4m to support eligible Black-founded startups in 2023. Startups operating and headquartered in Africa or having a legal presence on the continent are eligible to apply for the Black Founders Fund. Other eligibility criteria for startups that wish …

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German trade with Africa booming — new report

German-African trade reached a new record level in 2022, according to Germany’s Federal Statistical Office. Exports from Germany to African countries last year were 14.5 per cent above those of the previous year at 26.4 billion euros. The increase in imports from the continent was even more pronounced at 27.4 per cent to 33.4 billion euros. The trade volume therefore …

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Germany’s biggest business start-up fair holds in Berlin

Do you want to start a business, grow or revitalise your existing company and need inspiration, advice and funds? The German Founders and Entrepreneurs Days (Die Deutschen Gründer- und Unternehmertage or deGUT), holding in Berlin on 14-15 October, is the place to be. In addition to a comprehensive, free seminar and workshop program, the fair offers information on all start-up …

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Ghana embarks on investment roadshow in Germany

ANNOUNCEMENT As part of efforts to increase the inflow of Foreign Direct Investments and Diaspora Investment to Ghana, the Diaspora Investment Desk of the Ghana Investment Promotion Centre is organizing a 4- city investment roadshow in Germany. Scheduled from October 3rd to October 13th, 2022, the roadshow held in collaboration with the Ghana Embassy in Germany will consist of high-level …

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Fashion: Nigerian brand sets standards for Africa

Lagos-based Africana Couture with the opening of its new classy outlet in Abidjan has made a significant statement of intent of taking the lead in the propagation of African fashion on a global scale The merry sound of clinking glasses, hearty laughter and afrobeats music permeated the cool September evening at Rue Marconi Zone 4, a posh business district in …

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Ethiopian to power new Nigerian national airline

Nigeria has announced that Ethiopian Airlines would be its major partner, with forty-nine percent share-holding, for the Nigeria Air project. The country’s Minister of Aviation, Hadi Sirika, disclosed this during a press briefing in Abuja where he revealed that the national carrier was well on its way to being launched with three Boeing 737-800 that will shuttle between Abuja and Lagos. …

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Africa’s fintech, crypto players gather in Accra

400 Fintech & Crypto Industry Leaders From Across Africa to Convene in the Ghanaian capital city at the Africa Money and DeFi Summit on 27-28 September —– As the rapid growth of fintech continues and the birth of decentralised finance (DeFi) grows across Africa, leading fintech’s, investors, crypto platforms, ventures and digital finance stakeholders will connect at the Africa Money …

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How Exchange Rates Work and How to Get the Best One 

Exchange rates crucially impact the trade and economic performance of a country and often, they indirectly influence many different areas of your day-to-day life, from the cost of your groceries at the local market, to the cost of fuel, job opportunities and even the value of the money you remit.  To help you get a good deal on your next …

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Why Africa should reject rush to renewable energy By NJ Ayuk

In May 2021, the International Energy Agency (IEA) issued a report calling for a halt to oil and gas exploration around the globe at the end of 2022. NJ Ayuk, Executive Chairman, African Energy Chamber, argues in this opinion piece that denying Africa the benefits of its oil and gas resources could hinder the continent’s development—— African countries are hardly …

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Top 20 Finalists of Africa’s Business Heroes Prize 2022 Unveiled

Africa’s Business Heroes (ABH) Prize Competition, the flagship philanthropic program established by the Jack Ma Foundation to spotlight and support African entrepreneurs, has announced the top 20 finalists for its 2022 edition. Now in its fourth edition, ABH is a Pan-African competition that recognizes and celebrates entrepreneurial talent across the continent. It offers entrants a chance to win a share …

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Cape Town to host the 2022 Africa Fintech Summit

In November 2022, leading innovators, investors, and policymakers from around the world will gather in Cape Town, South Africa, for the 8th edition of the Africa Fintech Summit (AFTS). The summit will take place on 02-04 November 2022 at the Cape Town International Convention Centre(CTICC). With participants who represent over $4.5bn in private equity and venture capital funding, the AFTS …

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Why US should invest in Africa – AfDB chief

The President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has given strong assurance to US investors that Africa is a secure, competitive and profitable market for investment. Adesina was speaking on Wednesday at the US-Africa Business Summit in Marrakech, Morocco, where he told American investors to see Africa as a logical investment destination and to engage with …

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Adesina on why Ireland should invest more in Africa

Since joining the African Development Bank (AfDB) Group as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum in Dublin, as AfDB’s President, Dr Akinwumi Adesina, enjoined the Irish business community to invest more in Africa. …

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