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...
Africa’s Secret Millionaires: Sakumzi “Saki” Macozoma
WEBDec 6, 2012 · Macozoma is ranked 39th richest man in South Africa with investments worth R634 million ($71 million). Breakdown Of Saki Macozoma’s Key Assets. Standard Bank. Standard Bank has a 150-year history in South Africa and started building a franchise in the rest of Africa in the early 1990s. It currently operates in 18 countries on the African ...
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 ...
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 …
Egypt and Nigeria are leading Africa’s fashion industry
WEBAug 28, 2023 · The fashion industry in Africa is booming, with Egypt and Nigeria leading the way in this growth. Both countries are expected to collectively generate $2.5 billion in revenue from fashion by the end of 2023. Interestingly both countries have experienced different approaches to this lead.
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 ...
Adekunle Agbetiloye, Author at Ventures Africa
WEBASIS 2023: Private sector partnership is critical in addressing climate change in Africa – Joyce Banda. While Africa contributes relatively little to global greenhouse gas emissions, it is one of the most vulnerable regions to the adverse effects of climate change. Contributor. Economic implications of the delayed Siemens power project in ...
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.
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.
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.