Economy

Economy: News and information related to the economic domain in Africa. This is one of the first questions of the African diaspora: how to develop the economy of his country and his continent?

 

Everyone looks at the GDP of African countries to anticipate developments, understand the issues and try to improve the condition of the many countries of the continent. The economy is of course closely linked with politics, with power. But it is based on the businesses of each, on a daily basis.

 

We must make sure to highlight the good and the bad around the African continent. That’s why with Afrikatech, I try to answer the question and share the economic news of the continent’s payroll. But not only. My goal is to define what are the economic prospects and how to go in the right direction.

 

For this, entrepreneurship and investment are two essential pillars. The Africa of tomorrow is being built today, together.

Seedstars is partnering with First Growth Ventures to launch Seedstars Africa Ventures, a sub-Saharan Africa fund targeting $100mn to make early-stage minority investments from USD 250,000 to USD 5 million in the most promising and innovative ventures across sectors and countries. The fund is expected to make its first investments by the end of this year. …

Olivia Zenk is an economist and the founder of a fintech company named BeneFactory Ltd. BeneFactors Ltd. is a factoring company. Factoring is a simple advance against unpaid invoices that a company is waiting for. This helps the receiver stabilise their cash, overcome liquidity challenges and grow. Introduce yourself and your journey My name is …

Investing in the digital sector (ICT) in Côte d’Ivoire Do you want to invest or do business in Africa, but do not know where to find reliable market information or profitable business ideas? At AfrikaTech, we decided to tackle the problem by looking for quality information on the ground! Here are our promises: Reliable and …

Nigeria will benefit from a $ 3 billion “investment fund” from its diaspora, announced this week Abike Dabiri-Erewa (photo), presidential adviser for the affairs of the Nigerian diaspora. In an interview with Bloomberg, the manager said that this new investment should be made mostly by the Nigerian community residing in the United States. The agriculture, …

Rocket Internet is currently preparing the introduction of Jumia, the African e-commerce platform, on the New York Stock Exchange (NYSE). According to indiscretions collected by Reuters, the Initial Public Offering (IPO) ahead of the stock market, is coordinated by banks Citi, Morgan Stanley and Berenberg. Jumia’s listing on the New York Stock Exchange is just …

Born in 1960 in Somaliland, residing in London, Ismail Ahmed is the founder and boss of the startup WorldRemit, specializing in money transfer to Africa. Since his childhood, he knows the importance of these transfers for the economy of the continent. “In the 1970s and 1980s, many Somalis were going to work in the Gulf …

The capital-investor has finalized the raising of its first fund, dedicated to African start-ups. In parallel, it opens in Nairobi its second office on the continent, after that of Dakar. Partech Africa announced Thursday, January 31, the “final closing” of its first investment vehicle dedicated to start-ups in the technology sector in Africa. The fund …

Presentation of Talenteum and one of its co-founders: Nicolas Goldstein TALENTEUM is a web platform that invests in human capital in Africa and remotely intervenes on behalf of companies around the world. Mainly via teleworking or remote work. One of the co-founders is Nicolas Goldstein, expert in outsourcing for 15 years and well involved in …

Banks have played almost nothing in Africa yet. Moody’s new outlook confirms this. According to the US rating agency, “the penetration rate of banks is still low.” Indeed, in the field, 80% of the African population manage their money without the assistance of a bank. Taking advantage of the openings offered by the purchase of …

Over the years, Africa’s technology sector is gaining credibility as an investment destination. The data compiled for this purpose by Wee Tracker demonstrates this. African start-ups have raised more than $ 725 million in investment in 2018. In its 2018 annual report “Decoding Venture Investments in Africa”, the platform reveals that the continent’s start-up ecosystem …

Promoter of the Cameroonian start-up Will & Brothers, who launched the first service of drones made in Cameroon, William Elong, who recently launched Algo Drone, a holding company based in Germany, reveals to have successfully completed the closing of its lifting operation announced in early 2018, at 2 million euros, a little over 1.3 billion …

The African Development Bank (AfDB) has approved a $ 7.5 million investment for Africa Tech Ventures (ATV), a fund that funds innovative and scalable companies in sub-Saharan Africa. These financial resources were provided under the Boost Africa initiative jointly launched by the AfDB and the European Investment Bank (EIB) with the aim of strengthening entrepreneurship …

The Swiss-based AFRO Foundation has announced on Thursday the launch of the first pan-African cryptocurrency. Called “AFRO”, it is an “important innovation” that should accompany the development and growth of the African continent. Africa finally has its first digital currency. According to the AFRO Foundation (a Geneva-based NGO) bringing together economists, experts in cryptocurrency, as …

The Orange Group and the MTN Group, two of the largest mobile money operators on the African continent, today announced the creation of a Mowali joint venture that will enable interoperability of payments across the continent. Mowali makes it possible to transfer funds between mobile money accounts, in real time and at a reduced cost, …

The Africa start-up investor community will meet on November 11 and 12, 2018 for the 5th Africa Early Stage Investor Summit (# AESIS2018), an event organized by Venture Capital for Africa (VC4A) (https: // VC4A. com) and the African Business Angel Network (ABAN). For investors only, this exclusive event brings together key ecosystem stakeholders from …