Africa’s financial architecture needs overhaul to meet SDG goals
One of the key takeaways from the 54th session of the Conference of Ministers (CoM2022) in Senegal under the theme “Financing Africa’s Recovery: Breaking New Ground”.
Google Black Founders Fund Africa
Applications open for Google Black Founders Fund Africa
Sixty eligible black-founded start-ups across the continent will receive a share of US$4-million Fund.
Naspers sows R40m into SADC-focused agritech firm Nile
Naspers Foundry leads R83 million (US$5.1-million) equity round in Nile, a B2B marketplace connecting farmers to buyers of fresh produce.
Vodacom edges closer to pan-African tech goal
Based on its preliminary results for the year ended 31 March 2022, company confirms a “watershed year” for its transition plans.
Data, smartphone use and Fintech anchor Safaricom’s market position
Company announced strong results this week, reinforced by increase in subscriptions, data use and Fintech.
Safaricom reports bumper results as data users increase, M-Pesa advances
Telco also says Ethiopia ambitions are moving ahead as planned.
Airtel Malawi still swinging despite taking blows in stressed-out economy
Despite forex loss and sustained pressure, company has managed to increase revenue from data and voice silos.
Zimbabwe telecoms’ ongoing fight for forex
Operators urgently require foreign currency to strengthen capacity to procure raw and packaging materials.
Zimbabwe hikes taxes on electronic forex transactions
One of the measures government has implemented to try to stop economic nose-dive.
MTN Nigeria needs ‘serious customer retention and acquisition strategy’
Industry analyst comments on company's recent financial report.
US$91m licence fee bites into MTN Rwanda’s after-tax profits
But operator still posts increase in data services, data traffic and mobile money revenue.
Malawi’s TNM preps for challenging economic times ahead
Mobile operator cites foreign currency shortage, volatile exchange rate and sustained cost pressure on margins.
Africa focused VC firm raises US$20m to spread investment
The Fund invests in- and supports early-stage, post-revenue seed investments up to later-stage growth Series A investments.
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