Special

Speaking at the 60th anniversary celebration of the African Development Bank (AfDB) Group in Abidjan on 10 September, its President, Akinwumi Adesina, praised the bank’s achievements, calling it a day of joy. Abidjan, the economic capital of Côte d’Ivoire, hosts the bank’s headquarters. Since its founding in 1964, the bank had supported over 6,500 projects across Africa, he said. In …

Tuesday, 24 September 2024, marks the 70th birthday of Prince Adeniran Gbadebo, a Berlin-based businessman, philanthropist and distinguished member of the royal family in Igbajo, Osun State, Nigeria. Prince Gbadebo is celebrated not only for his business achievements but also for his unwavering commitment to his community, both in Nigeria and within the African diaspora in Europe. Prince Gbadebo is …

Founders can prepare diligently for M&A exits by identifying the right pools of buyers, stress-testing business plans and clearly defining value propositions Impacted by global economic issues and geopolitical tensions, African companies have faced a challenging 12 months in terms of VC-backed activity. However, for any founders considering their best route to a profitable exit, one option has emerged as …

The recent China-Africa Forum in Beijing has highlighted the urgent need for Germany and the European Union to reassess and strengthen their strategic approach towards Africa, according to the German-African Business Association. As China continues to deepen its economic and political ties with the continent, Germany risks falling behind in what some are calling the “African century”, the group opines …

Owning a house in their home countries is a common investment diaspora Africans have to make. They do so for a variety of reasons. Building a home at home is like building a future at home as many migrants would like to spend life after retirement in their countries of origin. Some also build to provide a home for ageing …

A new data study has revealed the most popular banks across Europe. The research conducted by banking experts Finansvalp analysed 43 European countries based on how many times each Googles a term related to saving money and banking.  The data includes 681 keywords, such as “health savings account”, “danske bank savings account”, “how to start saving money”, “nordjyske bank”, and …

New research has revealed the most popular stocks in Germany, with Tesla coming out on top. The study by Journo Research, with the help of global fintech group Plus500, analysed the last 12 months of Google search data for 300 companies to see which ones received the most average monthly searches. It found that Tesla is Germany’s most popular stock, with …

New WHO report highlights how big industry fuels chronic diseases, obstructs health policy and targets vulnerable people A pioneering report from the WHO Regional Office for Europe spells out clearly how specific powerful industries are driving ill-health and premature mortality across Europe and central Asia, including through interfering in and influencing prevention and control efforts for non-communicable diseases (NCDs) such …

ANNOUNCEMENT Afrika-Verein der deutschen Wirtschaft e.V. together with the German Health Alliance cordially invite you to the: 9th German-African Healthcare Forum“Building Healthcare Resilience in Africa: Trends and Partnerships”on June 19, 2024, Hilton Frankfurt City Centre, Hochstrasse 4, 60313 Frankfurt am Main Sustainable healthcare is an essential prerequisite for a sustainable global future. This year’s Healthcare Forum aims to highlight this crucial issue. Many …

When it comes to online shopping, customers aren’t the only ones who can fall victim to scams. Many scams target businesses and sellers instead, therefore anyone selling goods online must know how to avoid being impacted and what to do if their business is affected. In fact, according to Business Wire, there was a 71% increase in payment fraud attempts …

ANNOUNCEMENT Nigerian Diaspora Direct Investment Summit and 2nd African Diaspora Direct Investment Summit in London as a VIP Guest. For over ten years, we have consistently mobilised investments into Nigeria and Africa, and we are determined to attract new investments into Nigeria and Africa in general during this summit due to the economic and other issues in Africa and have …

USD$3.4 million grant from Private Sector Foundation Uganda (PSFU) and Energizing Development (EnDev) will subsidize the cost of each unit for households in refugee camps and surrounding host communities  SAN FRANCISCO, CA., AND NAIROBI, KENYA – Wednesday 15 May 2024 – d.light, the global provider of transformational household products and affordable finance for low-income households, is providing 10,000 subsidized solar home …

30 April, Geneva – Better Cotton, the world’s largest cotton sustainability initiative, is to conduct sustainability mapping and assessments in West and Central Africa to enhance its understanding of the needs of smallholder farmers in the region and identify context-specific interventions. Funded by the African Export-Import Bank (Afreximbank), these assessments will inform ways in which targeted support can aid the production of more …

The African cloud ecosystem represents untapped potential of nearly $1bn, with only 17% of 6,000 companies, with over 250 employees, fully on the cloud. Despite the growing demand for cloud services, both African startups and global cloud orchestration firms are not capitalising on this opportunity. There is a vast gulf in the rate of cloud adoption between emerging and mature …

Plans to eliminate the blinding disease trachoma from 16 African countries have been boosted with $36.5m (about €34.24) in new funding. Twelve of the countries supported through the Accelerate programme, led by the non-profit Sightsavers, hope to eliminate trachoma by 2027 and three will make significant progress towards this goal in that time.  Trachoma begins as a bacterial infection, with symptoms similar …

A Nigerian fashion brand, Deji & Kola, has opened its first store in Europe, part of its global expansion drive. Deji & Kola, founded in 2017 by two brothers – Deji and Kola Olabintan, has made its debut in the United Kingdom with the opening of its store in Kent. In a statement released by Kola Olabintan, the creative lead …

Hon Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission, (NIDCOM), has reiterated that Nigeria’s economic prosperity could be galvanised through a structured Diaspora Investment. The NIDCOM chief emphasized this at a strategic meeting with the investment group Optiva Capital Partners, a wealth management firm specializing in investment immigration, investment advisory and insurance services, in Abuja on Wednesday. She added that collaboration …

The Global Startup Awards Africa (GSA Africa) 2024 is now accepting entries. This initiative empowers African innovators, startups, and ecosystem enablers to showcase solutions to global challenges. GSA Africa 2024 aligns with the UN SDGs and offers categories like GreenTech, HealthTech, and Women in Tech. Cape Town, 5th March 2024 – Calling all African innovators, startups and ecosystem enablers dedicated …

Leading African business networking group in Germany to hold what it describes as a transformative meeting on the opportunities of artificial intelligence for BIPOC small and medium businesses Eschborn, Germany – March 15, 2024 – Alfajiri Business Networking is pleased to announce its upcoming meeting scheduled for 20 April 2024, from 08:30 to 10:30 hours at the renowned Nairobi Restaurant …

A new financing facility provided by the Nigeria Infrastructure Debt Fund (NIDF) will open up access to affordable clean energy in Nigeria Wednesday 21 February 2024 – d.light, the global provider of transformational household products and affordable finance for low-income households, and Chapel Hill Denham, the largest alternatives asset manager in Nigeria, today announced the closing of a landmark USD$7.4 million (N10 …