BUSINESS

Temie Giwa-Tubosun, whose company LifeBank delivers blood to in-need hospitals in Nigeria, took first place in Jack Ma’s inaugural Africa Netpreneur Prize contest on Saturday (17 November) during a five-hour finale taped for TV in Accra, Ghana. Giwa-Tubosun pitched her way to a $250,000 cash prize over the course of eight months, beating out about 10,000 other applicants from 50 of Africa’s 54 …

The European Investment Bank (EIB) has launched SheInvest, a new initiative that aims to mobilise 1 billion euros of investment to benefit millions of women across Africa with better access to finance and by making sustainable infrastructure services and products work for them. This initiative was launched simultaneously at the Africa Investment Forum, which took plan on 11-13 November in …

The primary objective is to increase the attractiveness of private investment in African countries through substantial improvements in the business climate in the continent.

The foundation of Chinese billionaire and founder of the Alibaba Group, Jack Ma, hosted its first annual Africa Netpreneur Prize Initiative grand finale on Saturday in Accra, awarding $1 million in prize money to 10 entrepreneurs from across Africa. The Africa Netpreneur Prize Initiative (ANPI) is a flagship initiative of the Jack Ma Foundation, created by Jack Ma after his first …

The launch of its 4G network provides Tizeti the opportunity to drive the growth in demand for eCommerce, music, interactive games and video consumption in Nigeria.

The end is near for one of the most contentious legacies of French colonialism in Africa. The eight-member nations of the West African Monetary Union have “unanimously” decided to end the policy of keeping their foreign reserves in the French Treasury President Patrice Talon of Benin has announced that the foreign reserves of the West African CFA franc, the currency …

The Mastercard Foundation Centre is inviting educational technology innovators to apply for funding to grow their ventures while contributing to improving the quality of education in Africa. The deadline for submissions is..

Africa’s agribusiness sector is expected to reach $1 trillion by 2030, so there is certainly cause for optimism. Consumer demand for food in Africa is growing at an unprecedented rate. But what is fuelling this growth? Mariam Yinusa and Edward Mabaya, Principal Economist and Manager, respectively, in the Agribusiness Development Division of the African Development Bank (AfDB), explain. In the …

The action has affected trade in the West African region, causing diplomatic irritations among member states of the trading bloc ECOWAS.

Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA) and Heirs Holdings opened the “Ambition Africa” conference organised by the France Invest Africa Club in Paris, France, on 30 October. In his opening address, Elumelu urged French investors to look to Africa for long term investment opportunities. The French Minister of Economy …

The African Development Bank Group (AfDB) on Thursday announced the largest capital increase in its history, with an almost 125 percent jump from $93 billion to $208 billion. AfDB President Akinwumi Adesina hailed “a historic day” for the bank and “a day of joy for Africa” at a press conference in Côte d’Ivoire’s economic capital city of Abidjan. “This general …

The international fair for Crafts Fair, Design, Natural Goods and Fair Trade Products takes place in Berlin from 6 to 10 November. Around 40,000 visitors are expected at the Berlin Exhibition Centre for the annual sales exhibition. From 6 to 10 November, around 500 exhibitors from all over the world will present their products at Bazaar Berlin. From sustainable furniture …

Over 10 million young people are expected to access dignified and fulfilling work opportunities in Ethiopia by 2030.   This follows the launch of an initiative, Young Africa Works in Ethiopia, by Mastercard Foundation that will seek to create employment opportunities for the youth in partnership with Ethiopia’s Jobs Creation Commission (JCC). Mastercard Foundation has committed an initial US$300 million …

German business software giant SAP partners with Social Enterprise World Forum 2019 to discuss the role of technology in connecting social enterprises to talent and markets Social enterprises play a critical role in addressing many of the world’s socio-economic challenges by uplifting communities, accelerating progress and creating job opportunities – and technology plays a key role in helping to increase …

Clearly, Africa’s strong reform drive is cause for celebration. The sober truth, however, is that the world’s most difficult places for businesses are still largely found in Africa, argue Hafez Ghanem and Sérgio Pimenta of the World Bank and International Financial Corporation, respectively, in this opinion piece. Togo, a small country in West Africa known for its glimmering phosphate reserves …

"Their success encourages many other women. They show what and how much you can move with good ideas and determination - economically, socially, and beyond your own country’s borders. We need people like you, who have the courage for something new and with it also inspires others"

Despite economic slowdown, Nigeria still guarantees highest return on investment in Africa, the Minister of Finance, Budget & National Planning, Mrs Zainab Shamsuna Ahmed, has said. The minister made this disclosure while addressing a special plenary at the just concluded 2019 Annual Meetings of the International Monetary Fund and the World Bank Group in Washington DC, United States. While speaking …

Through the Anzisha Prize, the organisers seek to fundamentally and significantly increase the number of job generative entrepreneurs in Africa.

An initiative to promote African women entrepreneurs in Europe will launch in the German commercial city of Frankfurt/Main on 25 October. Maisha Business Women in Europe (MBWE) will offer women with refugee experience the opportunity to develop their entrepreneurial ideas and market their products and services. According to Virginia Wangare Greiner, one of the directors of the empowerment project, MBWE …

The chocolate industry is worth more than $80 billion a year. But some cocoa farmers in parts of West Africa are poorer now than they were in the 1970s or 1980s. In other areas, artificial support for cocoa farming is creating a debt problem. Farmers are also still under pressure to supply markets in wealthy countries instead of securing their own …