Africa Business Economy Entrepreneurship 

‘We sell bananas’: Twiga Foods CEO on Building a Market-relevant Business in Kenya

Three years ago, on the stage of an international pitch competition, I stood in front of judges and a thousand entrants with a single PowerPoint slide of a banana, which simply stated: “This is a Banana”. Its simplicity got a big laugh. A few months prior to this event, Peter Njonjo and I had launched Twiga Foods: A B2B marketplace platform that sources produce from farmers at above-market prices and delivers them to retailers at below-market prices. Vendors no longer have to walk to large-scale open-air markets at 4am. Instead,…

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Business Economy Entrepreneurship Technology 

Freshworks Secures $100 Million Investment Led by Accel and Sequoia

SAN BRUNO, United States of America, August 2, 2018/ — Freshworks (www.Freshworks.com), a global leader in customer engagement software, announced today it has secured $100 million in financing and has hired former AppDynamics Vice President of Finance & Treasury Suresh Seshadri as its chief financial officer. The latest round of funding is co-led by Accel and Sequoia, with participation from CapitalG, bringing Freshworks’ total amount of capital raised to $250 million. The cash infusion will be used to further expand Freshworks’ worldwide expansion as well as continued investment in its integrated…

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Africa Business Entrepreneurship Featured 

Founder of Beauty Chain Sorbet Questions the ‘Lean and Mean’ Business Philosophy

In order to build the solid and happy home detailed in the previous chapter [of the book], you need every pillar to be secure and in place. Each pillar is as important as the other and all four are critical to the success of your business. The conventional business paradigm is as such: In order to run a successful business you need to focus on the bottom line. There is no other way. Without a focus on the numbers, your business will surely fail. It’s the way things are, the…

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Africa Economy Entrepreneurship General Technology 

Oradian named Top 100 African FinTech and winner of the European FinTech Award

With operations in five countries, including Nigeria, Ghana, Liberia and Malawi, Oradian reached a new milestone of serving over one million end-clients globally in June 2017 ZAGREB, Croatia, October , 2017/ — Oradian, the fintech company from Croatia, claimed its position as a leading technology provider with both a first-place finish in the European FinTech Awards competition and a nomination as a Top 100 African FinTech company. The win at the European Fintech Awards recognises Oradian as the European leader in Innovative Banking Software designed for microfinance institutions (MFIs) and…

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Africa Business Economy Entrepreneurship General 

These women spot fashion trends in Brazil and bring them back to Angola

Angola, a Portuguese-speaking country, is strongly influenced by the cultural output of Brazil, the world’s Lusophone powerhouse. Brazil is often represented as a land of hope in Angola. Angolans can’t get enough of its telenovelas, the intrigue-filled television dramas that are broadcast daily on Angolan channels, or of the glamorous styles worn by soap opera stars. To satisfy women’s fashion demands, a growing number of female entrepreneurs in Angola’s capital Luanda are hitting the road, travelling by plane to Brazil, among other fashion hubs, to buy up coveted Brazilian styles.…

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Africa Business Economy Entrepreneurship Featured General 

21-YEAR OLD KENYAN ENTREPRENEUR LAUNCHES SAFI PADS – AFFORDABLE REUSABLE SANITARY PADS FOR LOW INCOME WOMEN

In 2013, 21-year-old Kenyan entrepreneur Barclay Paul Okari noticed problems caused by the unavailability of sanitary pads for teenage girls in the rural settlements of Western Kenya, Eastern Uganda and Southern Sudan. So, he decided to make a product that was half the market price of commercial sanitary pads on the market. His product, Safi Pads, are made from soft locally-available materials and is washable and reusable. His brilliant invention now affords access to cheap, clean and safe sanitary protection for thousands of young women in his country and neighboring…

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Africa Business Economy Entrepreneurship General 

$13 million fund targets 15,000 Nigeria and Tanzania youth with agrifood employment

A five-year, $13 million collaboration between Michigan State University and The MasterCard Foundation will help 15,000 young people access employment and entrepreneurship opportunities in the fast-growing horticulture, aquaculture, poultry, cassava and oilseed sectors in Tanzania and Nigeria. The partnership, the AgriFood Youth Opportunity Lab, will focus on youth ages 18 to 24 in major food shed regions surrounding Lagos and Dar es Salaam. The Ag Youth Lab will assist economically disadvantaged, hard-to-reach and out-of-school youth transition into employment and entrepreneurship opportunities in the agrifood system. “Working with The MasterCard Foundation and African…

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Africa Business Economy Entrepreneurship General 

Tackling Africa’s jobs challenge

Yet in February, at least 20 of the unassuming businesses were reduced to pitiful scenes of desolation, their insides gutted by rampaging gangs of locals in South Africa’s latest bout of xenophobic violence. For the Nigerian and Pakistani owners lucky enough to be absent from their businesses at the time of the assault, the discovery of shattered glass, vandalised storefronts and emptied shelves represented a bitter end to the dream of a better life. The sprawling townships of Johannesburg and Pretoria have long been a magnet for African and other…

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Africa Business Economy Entrepreneurship General 

The 2017 AFRICA CEO FORUM AWARDS Picks Mohammed Dewji, Group CEO of MeTL, as ‘CEO OF THE YEAR’

GENEVA, Switzerland, 20 March 2017,-/African Media Agency (AMA)/-Mohammed Dewji, Group GENEVA, Switzerland, 20 March 2017,-/African Media Agency (AMA)/-Mohammed Dewji, Group CEO of MeTL (Mohammed Entreprise Tanzania Limited) takes home the prestigious CEO OF THE YEAR award and Anta Babacar Ngom Bathily of Sedima wins the award for YOUNG CEO OF THE YEAR. Mohammed Dewji beats off competition from business heavyweights across the continent to take home one of the biggest awards in Africa’s private sector at a gala dinner on the first day of the Africa CEO Forum. In his…

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Africa Business Economy Education Entrepreneurship 

Business leaders share how they are dealing with some of Africa’s current challenges

Geopolitical events, fallen commodity prices, and slower global growth are all factors that have negatively impacted many African economies over the last few years. Take Nigeria as an example. Three years ago, the west African country overtook South Africa as the largest economy in Africa and was the poster child for the ‘African rising’ narrative. But a lot of this optimism faded after the oil price took a dive in mid-2014. With less revenue from oil exports, the country has plunged into economic instability, and foreign direct investment (FDI) has…

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