BUSINESS

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

According to new World Bank data, remittance flows in 2020 to low- and middle-income countries (LMICs) were projected to fall by 7.2 per cent to USD 508 billion because of the economic crisis caused by the COVID-19 pandemic which negatively affected wages and employment for migrant workers. Instead, remittance flows fell by only 1.6 per cent to USD 540 billion, defying …

German-based Afrocentric startup Deutsch Connect has secured a €100,000 investment fund in partnership with Idea Seed Africa. The “Deutsch – Africa Pitch” challenge is exclusively for Startups within the Deutsch Connect – Idea Seed Africa network in Agritech, Healthtech, Fintech, Digitalisation and Logistics offering up to €100,000 in equity investment to build and scale successful businesses that add value to …

Achare Takor*, a lawyer, takes a look at Section 124b of the General Tax Code of the Republic of Cameroon and how it sets to promote innovative ICT start-ups in the country by offering them incentives ————- DOUALA, Cameroon, May 13, 2021/ — By Achare Takor Over the last decade, information technologies (IT) have revolutionized the way people and businesses …

Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by the end of 2021. Agusto Consulting Limited, a wholly owned subsidiary of a rating agency, Agusto & Co. Limited, disclosed this in its report titled ‘2021 Nigeria diaspora remittance report & survey’ for May 2021. The report was presented by the Managing Director, Yinka Adelekan, …

Nigerians in the diaspora have an opportunity to own houses in the country and also participate actively in money and capital markets, thanks to several investment packages rolled out by Ecobank. Mrs. Olukorede Demola-Adeniyi, Head of Ecobank’s Consumer Banking, has said that the bank is offering mortgage loans to Nigerians living abroad to finance property ownership in the country. She …

Ayoba is enjoying a busy 2021, with many upgrades and additions planned to its extensive list of features. The African Messaging App celebrates second birthday with 5.5m users and launches voice and video calling as well as web access CAPE TOWN, South Africa, May 4, 2021/ — Ayoba (www.ayoba.me), the African messaging app, has announced the launch of a new …

The Central Bank of Nigeria (CBN) has announced an extension of its ‘Naira 4 Dollar’ incentive to encourage diaspora remittances until further notice. Under the scheme, the Bank pays out a reward of N5 for every $1 of fund remitted to Nigeria through money transfer companies. The apex bank announced the extension on Wednesday (5 May) through a memo by …

The recently released Knight Frank Africa Horizons Report 2021/22, ranked Nairobi as the top city in Africa for innovation, followed by Cape Town in second, Kampala third, with Cairo and Johannesburg at fourth and fifth place respectively. The report notes that the ability of African cities to emerge resilient from the pandemic will depend on their ability to innovate, providing long-term social …

Airtel Africa has appointed Segun Ogunsanya as its Managing Director/Chief Executive Officer (CEO). The development follows the retirement of Raghunath Mandava as the company’s MD and CEO. “Segun has more than 25 years business management experience in banking, consumer goods, and telecoms,” the telecom firm noted in a statement on Thursday. An electronics engineer, and a chartered account, Ogunsanya will …

NAIROBI, Kenya, April 29, 2021/ — With Kaspersky (africa.Kaspersky.com) research showing that stalkerware affected one out of every 100 mobile users in Kenya and Nigeria in 2020 and malware every four out of 100 in South Africa, consumers must remain vigilant when it comes to their online activities if they are to keep themselves safe from the growing threat of …

Pine Kazi, a women-led shoe design house based in Kenya, is the winner of Fashionomics Africa’s sustainable fashion competition. The fashion company, which converts pineapple leaf and recycled rubber into fashionable footwear, wins a $2,000 cash prize, access to media exposure opportunities, and mentorship and networking opportunities from competition collaborators. Fashionomics Africa is an initiative of the African Development Bank, …