English

venturesafrica.com

Friday, May 17

18

Can investing in Africa’s emerging film industries challenge the status quo?

venturesafrica.com

Last year, Netflix made headlines with its plans to expand across Africa. This was based on how well it had done since making its way to sub-Saharan Africa in 2016.

Thursday, May 16

16

United Nations Nigeria to partner with Sterling One Foundation to co-convene the Africa Social Impact Summit (ASIS) 2024

venturesafrica.com

The United Nations (UN) in Nigeria, led by the Resident Coordinator, Assistant Secretary-General Mohamed M.

Wednesday, May 15

TBD Expands in Africa, Adding Chipper Cash to Growing tbDEX Ecosystem

venturesafrica.com

TBD, part of Block, which is focused on creating open and decentralized technologies to connect the financial world, today announces that leading African fintech Chipper Cash has integrated with the tbDEX protocol to power cross-border...

12

How does Ghana plan to become Africa’s first blockchain-powered government?

venturesafrica.com

Ghana has recently announced plans to become Africa’s first blockchain-powered government. This was announced at the 14th Commonwealth Regional Conference and Annual General Meeting of Heads of Anti-Corruption Agencies in Africa by the…

Monday, May 13

17

Weekly economic index: Nigeria enacts cybersecurity levy, Naira becomes worst performing currency, and Egypt’s debt increases by $3.5 billion in three months

venturesafrica.com

Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Nigeria Enacts 0.5% Cybersecurity Levy Last week, the Central Bank of Nigeria (CBN) announced...

Friday, May 10

20

Three interesting tax policies Nigeria has introduced so far in 2024

venturesafrica.com

Taxation is a necessary part of any nation’s economic system. The International Monetary Fund suggests that tax diversification in resource-rich countries like Nigeria can lead to more sustainable and inclusive economic growth.

Thursday, May 9

17

Grassroots Activist Hamzat Lawal Shares Insights on Building Resilient Non-Profit Organisations in Africa

venturesafrica.com

Prominent grassroots mobiliser and activist, Hamzat Lawal, has shared insights on building resilient non-profit organisations in Africa.

16

Can Nigeria outsmart POS fraudsters with CAC?

venturesafrica.com

Nigeria has taken a new stance in the fight against Point-of-Sale (POS) terminal fraud.

Wednesday, May 8

19

From Experimental into Blockbusters: Can the “A24 Model” with Artsy Productions Improve Nollywood’s Silver Screen

venturesafrica.com

“We want to prove that non-commercial films can work in Nigeria!” This is an ambitious and bold statement from Chuko and Arie Esiri, a pair of independent filmmaking twins from Nigeria.

Women In Tech Must Collaborate To Create Equal Opportunities – Ruby Igwe

venturesafrica.com

Country Manager, ALX Nigeria, Ruby Igwe, has urged women in technology to put aside their differences and deepen common interests to collaborate for greater achievements.

16

D!NK and Gebeya announce strategic partnership to revolutionize talent management and multimedia services

venturesafrica.com

D!NK Multimedia PLC and Gebeya Inc. are thrilled to announce a strategic partnership to reshape the landscape of talent management and multimedia services in Ethiopia and across Africa.

15

Is Nigeria’s domestic energy crisis impacting regional power supply?

venturesafrica.com

In 2001, a 70-kilometer (43 mi) long 330 kV powerline was built between Sakété, Benin Republic and Ikeja, Nigeria. It was a CEB–NEPA Power Interconnection that connected Nigeria’s power grid (NEPA) with Benin’s grid. This high-voltage…

Monday, May 6

17

Humanitarian aid workers need more flexibility when distributing relief, says Devex and Visa report

venturesafrica.com

Visa (NYSE: V), a world leader in digital payments, and Devex, the independent news organization covering development and humanitarian aid, have published a report showing international aid professionals believe a more flexible approach to…

12

Weekly economic index: Nigerian banks ₦2.09 billion naira loss, MTN Nigeria’s gains ₦700 billion revenue, and Mauritius new subsea cable link to Asia.

venturesafrica.com

Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Nigerian banks lose ₦2.09 billion to frauds in Q4 2023 Nigerian banks reported a troubling rise in…

Friday, May 3

20

5th Edition Connected Africa- Telecom Innovation & Excellence Awards 2024: Africa’s Premier Telecom Summit

venturesafrica.com

Johannesburg, South Africa – The International Center for Strategic Alliances (ICSA) is thrilled to announce the much-anticipated 5th Edition Connected Africa- Telecom Innovation & Excellence Awards 2024, set to be held on May 22nd, 2024,…

Thursday, May 2

14

What Multichoice’s latest price hike reveals about its consumers

venturesafrica.com

“It’s been over six months since we stopped watching (DSTV). I would rather watch internet TV!” commented a frustrated Nigerian under a social post announcing Multichoice Nigeria’s second price hike in six months. Multichoice, the most…

Everything You Need to Know about Dogecoin

venturesafrica.com

Dogecoin is a cryptocurrency that started as a joke. But since its initial release in 2013, it’s gained significant attention and investment. With a meme-inspired logo and strong community support, it’s the cryptocurrency that surprised…

13

WIMBIZ Announces Change In Leadership; Appoints A New Executive Director

venturesafrica.com

We are delighted to announce the appointment of our new Executive Director, Omowunmi Akingbohungbe, who brings a wealth of experience and passion to lead WIMBIZ into its next chapter of growth and impact. We would like to take a moment to…

Wednesday, May 1

15

Nigeria’s surging inflation threatens basic human rights

venturesafrica.com

On February 15, 2024, the National Bureau of Statistics (NBS) reported that inflation in Nigeria had soared to 29.90 percent in January 2024. According to the World Bank, inflation had pushed an estimated 24 million Nigerians into poverty…

14

Chowdeck secures $2.5 million seed funding to optimize on-demand food delivery in Nigeria

venturesafrica.com

Chowdeck, Nigeria’s leading on-demand delivery service, has secured $2.5 million in seed funding to optimize its operations and support expansion into more cities nationwide. The seed funding round included investment from YCombinator,…

Resolving disputes in the gas sector – Is arbitration a way to go?

venturesafrica.com

It is essential to note that the Nigerian gas sector is growing in a lot of relevant ways; in statute and in practice. It is foundational to the projected growth and significant in that it has placed Nigeria on a path of steady growth and…

Monday, Apr 29

19

Why unleashing Africa’s Innovation potential is tied to seeding research-based solutions

venturesafrica.com

Africa’s narrative as a landscape ripe with opportunity and untapped potential has somewhat remained constant through several economic cycles. With an increasingly young population and against the backdrop of digital transformation, the…

12

Weekly Economic Index: The Naira falls again, Kenya’s plan to regulate its Crypto market, and MultiChoice Nigeria hikes prices again.

venturesafrica.com

Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week: Naira loses ground despite Central Bank efforts The Nigerian Naira weakened significantly against the US…

Friday, Apr 26

19

Why Nigerian Breweries is betting big on spirits and wines

venturesafrica.com

The last few years have seen many Nigerian businesses shut down due to the economic climate. The Manufacturing Association of Nigeria (MAN) revealed that about 767 manufacturing companies shut down operations while 335 experienced distress…

Thursday, Apr 25

18

Medic West Africa 2024: A Resounding Success in Fostering Collaboration and Innovation for a Brighter Healthcare Future

venturesafrica.com

The recently concluded 2024 edition of the Medic West Africa Exhibition and Conference marked a triumphant return, solidifying its position as the premier healthcare event in West Africa. The three-day event, held at Landmark Centre, Lagos…

Wednesday, Apr 24

16

M-KOPA and Bolt partner to launch e-bike initiative in Kenya

venturesafrica.com

Bolt, the leading on-demand mobility company in Africa, in collaboration with M-KOPA, a leading African fintech platform, today announced the launch of its electric bike fleet in Kenya. Through this partnership, new and existing drivers…

14

Can Meta’s new AI feature deliver in Africa?

venturesafrica.com

It’s hard to escape the conversation around AI these days. This is why earlier this year, we listed it as one of the biggest African tech trends to look out for in 2024. And explored some of the challenges, Google is trying to address with…

Tuesday, Apr 23

17

The future of healthcare on display: Day 1 of Medlab West Africa wraps up

venturesafrica.com

The first day of the highly anticipated Medlab West Africa Exhibition and Conference has drawn to a close, leaving attendees and exhibitors alike buzzing with excitement. The venue was a hive of activity, showcasing the latest advancements…

Monday, Apr 22

21

Identity comes under attack in Middle East and Africa, straining enterprises’ recovery time from breaches

venturesafrica.com

IBM released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. This global trend is also reflected in…

16

TLcom closes Africa’s largest early-stage VC fund at $154 Million

venturesafrica.com

Today, TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and…