Ventures Africa - African Business, Financial & Economic News
WEB2nd Gender Impact Investment Summit to Underscore Financing Opportunities for Women-Led Investments. The Impact Investors Foundation (IIF), Nigeria’s leading platform for unlocking impact capital, is proud to announce the 2nd Gender Impact Investment Summit, an event dedicated to closing the gender financing gap by advocating for women-centric...
Interview with South Africa’s richest man, Patrice Motsepe
WEBMar 4, 2012 — Loni Prinsloo recently interviewed Motsepe, a South African Entrepreneur who was named as South Africa’s wealthiest man in the Sunday Times Rich List. In the interview, Motsepe shared his excitement about the emergence of a new generation of African entrepreneurs. “There is a new generation of Africans that have studied in …
Illovo: Leading The Business Of Sugar Production In Africa
WEBMay 5, 2012 — Established in 1891, Illovo, is currently one of the leading sugar producers globally with 47% of its revenue from South Africa. As one of the oldest sugar company in the world, Illovo prides itself as a low-cost sugar producer and a significant manufacturer of high-value downstream products. It has operations in six African countries including ...
Beyond a competition: How Africa’s Business Heroes is creating …
WEBApr 26, 2023 — The entrepreneurial ecosystem in Africa is thriving, but it can be complex and challenging to navigate. Despite an abundance of brilliant business ideas, entrepreneurs often face obstacles such as infrastructure challenges, regulatory barriers, limited access to funding, and a lack of quality education and training, in addition to cultural factors.
Kuda Bank’s $500 million valuation - Ventures Africa
WEBAug 11, 2021 — Kuda, one of Nigeria’s leading fintech banks, recently announced a $55 million Series B funding led by Valar Ventures and Target Global, with a $500 million valuation.Other investors who took part included Japan-based Strategic Business Investor (SBI) Investment and previous angel investors. This latest round of funding comes just a few months after the company raised a $25 million Series A ...
The Untold Story of Iroko: How Nollywood's Digital Pioneer has …
WEBJan 19, 2017 — Founded in 2010 with approximately $40 million in total funding from the likes of New York’s Tiger Global, Sweden’s Kinnevik, and France’s Canal+, IROKO is a leading digital distributor of Nollywood content globally. Throughout the firm’s history, it has undergone several dramatic changes which have seen it increasingly target African consumers at the base of the pyramid.
SeamlessHR, making human resource and payroll solutions across …
WEBJun 24, 2022 — According to Disrupt Africa, 564 tech startups raised more than $2 billion in 2021. It’s exciting to see that the record is on its way to being broken in 2022. As of March 1, 110 startups have raised over $1 billion, which is more than half (52.3 per cent) of the 2021 total. With more funding, there is a trickle-down effect on the quality of ...
What you should know about the Indorama, Nigeria-based urea …
WEBJan 26, 2023 — Agriculture places a critical role in the sustenance of lives and livelihoods on the continent. A 2019 McKinsey report emphasised the role of agriculture in Africa, which has a massive social and economic footprint.
The 10 Richest Women In Africa - African Female Entrepreneurs
WEBJul 16, 2012 — Isabel Dos Santos. Dos Santos, 39, is the oldest daughter of Angolan President José Eduardo dos Santos. The millionaire businesswoman is estimated to be worth over $50 million, with interests in oil and diamonds. She also has shares in Angolan cement company Ciminvest and the Banco Africano de Investimentos. She is …
The 5 Largest Retailers In South Africa
WEBAug 10, 2012 — Massmart Holdings Ltd. Massmart owns local brands such as Game, Makro, Builders’ Warehouse and CBW. It is the third largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment and wholesaler of basic foods.It operates 302 stores in South Africa and 12 …