Africa Economy Featured Social 

Tawadrous: I Turned Negative Perception About Nigeria into Wealth

Today, a man, who was warned against coming to Nigeria as a result of the negative perception about the country in the foreign media, narrates how he ignored such warning and found himself in Nigeria where he turned fears into wealth. In discussing his Nigerian story, Michael Tawadrous, Chairman Executive Officer of Vava Furniture (a leading global furniture manufacturing company) re-echoes the importance of obeying ones’ instincts. By CHARLES KUMOLU Ordinary childhood: I was born and brought up in Upper Egypt. I had an ordinary childhood. But what was different about…

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Africa Business Economy Featured 

Veolia Water Technologies reveals new “Ambitions for Africa”

The speed and magnitude of Africa’s ongoing urbanization, with 1.3 billion people expected to live in cities in 2050 compared to 480 million today, combined with its rapid industrialization, has shed a new light on the evolving and multifaceted needs for water treatment and infrastructures. To address the plurality of these needs, Veolia Water Technologies has defined and launched a dedicated project called “Ambitions for Africa”. Carried out by 1,000 dedicated employees across the continent, the “Ambitions for Africa” project aims at anchoring the company in the territories where it operates through…

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Africa Business Economy 

Oranto Petroleum Farms into Zambian Oil Blocks

Under the agreement, signed today, Oranto Petroleum will hold a 90 percent stake and ZCCM Investment Holdings will control a 10 percent share, on behalf of the Zambian Government LUSAKA, Zambia, June 28, 2018/ — Oranto Petroleum to hold a 90 percent stake in two onshore Zambian Blocks Blocks 17 and 27 represent Oranto’s first investment in the country. The agreement requires conducting geological and geophysical studies for first two 2-year sub-periods Pan-African explorer Oranto Petroleum  is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s…

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Africa Business Economy Education Featured 

Media Entrepreneur Peace Hyde opens the Aim Higher Africa (AHA) Skills Acquisition Centre in Lagos

The AHA skills acquisition center is designed to train unemployed youth and grassroot entrepreneurs as well as startups through its innovative Mind-set Reorientation and Design Thinking Curriculum (MRDT) to build scalable and sustainable businesses LAGOS, Nigeria, June , 2018/ — Named as a powerful woman on the continent by CNN, Media Entrepreneur and Head of Digital Media and Partnership for Forbes Africa, Peace Hyde, has opened another branch of her innovative entrepreneurship development and skills acquisition non-profit, Aim Higher Africa (http://AimHigherAfrica.com/) in Lagos. Located in the Silicon Valley of Nigeria,…

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Economy Featured Technology 

Freshworks Reaches $100 Million in Annual Recurring Revenue, Unveils Freshworks 360

Momentum reflects increasing market demand for cloud-first, easy-to-use integrated customer engagement suite SAN FRANCISCO, USA, June , 2018/ — Freshworks (www.Freshworks.com), a global leader in customer engagement software, today announced it has reached a revenue milestone by crossing $100 million in annual recurring revenue, led by its flagship support product Freshdesk (Customer Support Software) and continued rapid growth with its Freshservice (IT Service Management Software) and Freshsales (CRM Software) products over the last several quarters. This achievement was fueled by Freshworks’ ever-expanding user-base of more than 150,000 businesses and organizations…

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Africa Business Economy Technology 

A view From the Top: Why Silicon Valley is Decamping to Algiers

Algerian tech sector has untapped potential, digital revolution to have positive knock-on effects on Algerian ecosystem say Silicon Valley VCs ALGER, Algeria, June , 2018/ — The value of venture capital investment is fuelling Africa’s emerging technology landscape. Whilst Kenya’s Silicon Savannah ecosystem has been at the forefront of the narrative over the past decade, the rise of infrastructure development opportunities within Northern Africa has become an increasingly attractive proposition to the Silicon Valley investment community. More tellingly, global technology entrepreneurs, the African Disapora, are starting to head home, or…

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Business Economy Technology 

The Mobile Mind- Shift in Today’s African Consumers

JOHANNESBURG, South Africa, 26 June 2018  Today’s consumers rely on their mobile devices not just for communication but to perform a growing range of functions online; provided they get a seamlessend-to-end experience. In recent years, mobiles have become an identification device. Almost half (48%) of consumers globally, including South Africa, expect their mobile devices to become their main form of ID by 2025, according to a global survey conducted by digital security leader, Gemalto. Mobile devices are slowly but surely emerging as promising replacements for traditional ID cards due to new technologies like biometrics,…

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Africa Featured 

From the Pits to the Pinnacle: A lesson in Endurance for Entrepreneurs

“If you can make it there, you can make it anywhere.” Hearing these words immediately conjures up images of many a dreamer, taking on the Big Apple in hopes of success. Most likely with a Frank Sinatra-mantra in their heads. But what if you could not make it there? Then what? Lee den Hond, owner and founder of Blue Platinum Events, speaks like she lives: vigorously and with fervour. She states with humble conviction that the success that she has achieved with her company in the last 18 years had…

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Business Economy 

Mastercard Foundation Appoints New Member to its Board of Directors

TORONTO, Canada, 26 June 2018,- Today, the Mastercard Foundation announced the appointment of Jennifer Fonstad to its Board of Directors. “I’m thrilled to welcome Jennifer to the Foundation,” says Jim Leech, Chair, Mastercard Foundation Board of Directors. “Technology continues to revolutionize the future of work around the world. Jennifer’s insight will be invaluable in our effort to achieve our goal of enabling 30 million young people in Africa to secure dignified and fulfilling employment.” Fonstad, a serial entrepreneur and veteran venture investor, has more than two decades of experience in early stage…

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Business Economy Featured 

5 Personal Finance Tips For 2018

  Тhеsе tірs fоr 2018 dоn’t hаvе tо bе dоnе wіth аnу grеаt urgеnсу; rаthеr, thіnk аbоut thе fоllоwіng аdvісе аs sоmеthіng уоu саn сhесk іn оn оvеr thе уеаr аs уоur арреtіtе fоr fіnаnсіаl mаnаgеmеnt еbbs аnd flоws.   1: Dесіdе оn уоur gоаls Аn оbvіоus оnе, but hоw mаnу оf us hаvе еvеr tаkеn оut lіfе іnsurаnсе, оr еmbаrkеd оn а rеnоvаtіоn wіthоut thіnkіng оf thе wіdеr іmрасt оf suсh а mоvе?   Wrіtіng dоwn уоur fіnаnсіаl gоаls mау nоt mеаn уоu’ll асtuаllу асhіеvе thеm (sоrrу fаns оf…

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