Janice Chetty, a Umhlanga based business owner is determined to invest in entrepreneurs of the future with her new school Future-preneurs. The program is designed to teach business sckiils to children aged 10 to 14. Launched in Durban earlier in the month of February, the course teaches business skills necessary to start up a business … Read More “Durban lecturer changes the syllabus with entrepreneur focused school” »
MDP, the leading issuing & payment processing powerhouse in the Middle East and Africa, has appointed Frank Molla as the Managing Director of MDP Africa. In this role, Molla will lead MDP’s efforts to deepen growth and explore new and localized opportunities for scale and partnerships on the continent. His priorities will be to further … Read More “Middle East and Africa digital payments leader, MDP welcomes Frank Molla as managing director for Africa.” »
Equities in Asia rose Thursday after Wall Street resumed a rally as robust earnings helped overcome worries about persistent inflation. Shares in Australia, Japan and Hong Kong advanced, while those in South Korea fluctuated. Taiwan stocks reached an intraday record high in their first trading day since Feb. 5, boosted by a 9.8% gain by … Read More “Asian stocks rally as tech earnings power gains: Markets wrap” »
HomeWeek’s RoundupWeekly Wrap, February 12th, 2024; US-based Ackerley makes Springboks deal, SIMA Funds’ big first close for solar green bond, STANLIB Infrastructure and others launch renewable energy platform, and more… Image Credit: Pixabay AfCD Issue 494 Americas Preview 02122024 Previous US-based Ackerley announces Springboks deal
Zimbabwe had applied to join the BRICS alliance and the decision for its induction could be taken this year. Also, Zimbabwe had applied for the BRICS bank, commonly called the ‘New Development Bank’ (NDB) for loan sanctions. The BRICS bank confirmed that they aim to start disbursing loans in local currencies to help developing countries … Read More “After Applying to BRICS, Zimbabwe Aims To Back Currency With Gold” »
American-born Carl Jensen, co-founder and CEO of Zambia-based Good Nature Agro (GNA), cites macroeconomic issues, especially those pertaining to currency, as the primary challenges the company has encountered since its establishment in 2014. GNA contracts over 20,000 small-scale farmers to grow legume seeds and commodities – such as cowpea, soya bean, and groundnuts – and … Read More “Dealing with Zambia’s economic headwinds: American CEO shares experiences” »
Some Federal Reserve officials, who were surprised by inflation’s rapid descent in 2023, seem to be setting a new bar for interest-rate cuts: a broader pullback in price pressures. Last week, both Richmond Fed President Thomas Barkin and Boston Fed President Susan Collins indicated they not only want the decline in inflation to continue — … Read More “Fed officials eye ‘broadening’ disinflation as new rate-cut test” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “SIMA holds first close for $150 million solar green bond” »
What started as a game of soccer is now an organization with 1,000 employees transforming the lives of millions. In 2004, Kennedy Odede founded SHOFCO (Shining Hope for Communities), an organization that provides essential services and advocates on behalf of communities in an urban slum outside of Nairobi, Kibera—Kennedy’s hometown. But this sprawling grassroots organization began years earlier, as … Read More “McKinsey And SHOFCO” »
Logidoo, a rising star in the African logistics and e-commerce sector, has proudly announced a significant boost in its seed funding, securing $1,550,000. This investment, led by a consortium of venture capitalists such as Maroc Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Ethiopia), Founders Factory Africa (Nigeria), Sunny Side Venture Partners (Egypt/Japan) and … Read More “Logidoo strengthens position in African e-commerce and logistics with seed funding round” »
