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Tag: Business

Africa Business Cameroon World 

Jumia is shutting down in parts of Africa in portfolio review

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Online retailer Jumia Technologies has announced the shutting down of its portfolio in Tanzania. The company announced this decision weeks after shutting its office and operations in Cameroon. Widely regarded as “the Amazon of Africa,” the company said in a statement on Thursday that “As part of our ongoing portfolio optimisation effort, Jumia has come to the difficult decision to cease… Read More
Africa Business World 

Why you should consider commodity trading

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Looking to get into commodities trading? It’s a smart idea. While many traders stick with stocks and bonds, commodities give you the chance to diverse your portfolio while at the same time reducing risk. It’s win-win. Now is a good time to make a start, too, with energy commodity prices sitting 1.4% higher than they did a year ago. Like… Read More
Africa Business West Africa World 

Easy Solar reaches 300,000 users in Sierra Leone

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Easy Solar, Sierra Leone’s leading provider of accessible and affordable solar products announced today it had reached a new milestone of 300,000 users nationwide. “We are thrilled to be making life easier for so many individuals who do not have access to reliable electricity. No one should have to live in the dark.” said Nthabiseng Mosia, co-founder and Director of… Read More
Africa Business World 

IMF says 40% of African countries are in debt crisis

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The Managing Director of the International Monetary Fund, Kristalina Georgieva, says 40 per cent of African countries are in debt distress. She described Africa as a continent of opportunities and one with many troubles, noting that the focus was to help countries have sound macro-economic policies, improve the investment climate and show it to the rest of the world. “Africa… Read More
Africa Business China Southern Africa World Zimbabwe 

China ‘angry’ with Zimbabwe for understating financial support

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China has said that Zimbabwe has been understating its financial help to the southern African nation. Zimbabwe’s recently released budget figures ranked China poorly when it comes to foreign countries  supporting it. The country’s Finance Minister Mthuli Ncube said in a budget statement last week that the country received $194m from bilateral donors between January and September this year. Out… Read More
Africa Business West Africa World 

Jack Ma Foundation awards $1 million to African entrepreneurs

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The Jack Ma Foundation on Saturday hosted its first annual Africa Netpreneur Prize Initiative (ANPI) grand finale awarding $1 million in prize money to 10 entrepreneurs from across Africa. The ANPI is a flagship initiative of the Jack Ma Foundation, created by Jack Ma after his first trip to Africa in 2017. The aim of the prize is to support… Read More
Africa Business Ghana West Africa World 

Speakers for 2019 SFAN Breakfast Meeting announced

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SFAN (Stars From All Nations) is thrilled to announce the speaker list for the sixth edition of SFAN Business Breakfast Meeting taking place at Stanbic Bank Incubator on December 7. For this edition of the breakfast meeting, our expert panel will take a deep dive into the following subjects: The future of money; Best practices to creatively manage and grow… Read More
Africa Business Ghana West Africa World 

Ghana signs $600mln cocoa deal with Credit Suisse

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Ghana has signed a $600 million deal with Credit Suisse for the improvement of current state of processing and value addition for its cocoa. The deal was signed on the sideline of the 2019 Africa Investment Forum in South Africa. The $600 million will cover a 7 year period and would go into helping to upskill farmers, develop warehousing, and… Read More
Africa Business Ghana South Africa West Africa World 

Ghana secures $2.6bn deal for SkyTrain project

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Ghana on Monday signed a concession deal with South African-based African Investment SkyTrain consortium to develop its train system. The deal is meant to cover a project called the Accra SkyTrain Project. A memorandum of understanding was signed last year. On the sidelines of the ongoing African Investment Forum in Johannesburg, officials from Ghana and the South African based consortium… Read More
Africa Business West Africa World 

Where does Intra-Africa trade fits as world scrambles for Africa

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The just ended Russia-Africa summit in Russia’s southern coastal city of Sochi has raised some concerns about the place of intra-Africa trade in what seems to be the second coming of the Eastern Europe and North Asia Giant to the Resource rich continent. Between October 23 and October 25, 2019, 43 Heads of State on the continent met with Russia’s… Read More
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