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”.
Staff Writer
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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.

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.

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.
4 May

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.