Capital Town-headquartered venture capital (VC) firm HAVAÍC has announced the completion of its first investment in ShopEx, a Nigeria retailer. HAVAÍC says it is investing US$400,000 from its US$20 million …
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Africa
The Spar group reported a 5% increase in group sales to R67.6 billion, with operating profit increasing by 7% to R1.8 billion in the six months to end-March. Its diluted …
- AfricaBanking, Finance & InvestmentEducationWestern Africa
Standard Bank focuses on growing Africa’s education sector
Developing and investing in the Africa’s education sector is more crucial than ever. Strengthening Africa’s educational system to facilitate participation of young people in the development of African countries has …
The top five Nigerian banks by market capitalization FUGAZ (FBN Holdings, UBA Plc, Guaranty Trust Bank, Access Bank and Zenith Bank) paid N8 billion as an information technology tax in …
After 10 years of being CEO at Deloitte Africa, On Tuesday 31st May Lwazi Bam finally retires. “It’s been a big run for ten years, 28 years at the same …
Shoprite and Checkers have recalled a specific batch of canned tuna products owing to possible defects in the cans. Some 170g cans of Cape Point light meat shredded tuna in …
Dangote Industries Ltd. (DIL), has emerged the most admired brand in Africa for the year 2022, making it the fifth consecutive time. According to Mr. Tony Chiejina, Group Head, Corporate …
A Ghanaian cancer research and diagnostic startup Yemaachi Biotech plans to expand the world’s knowledge of how cancer affects people of African descent. Yemaachi Biotech is a home grown research …
- AfricaEnergyWestern Africa
Africa needs an annual investment of $40 billion on energy for electricity, AFDB says
The African Development Bank (AFDB) says Africa needs an annual investment of $32 billion to $40 billion along the energy value chain to achieve universal access for electricity by 2030. …
- AfricaBusinessEntrepreneurshipPress ReleasesTechnology
Paystack Partners with Xero; Integrates features into its platform.
Modern online payment platform Paystack on the Tuesday announced its new partnership scheme with Xero. Xero is an accounting software app that helps business owners to optimize numbers, receipts, banks …