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Viewpoint: Today’s Africa Is the China of 20 Years Ago
The barriers that slow down entrepreneurship in Africa are similar to those I had to fight against twenty years ago when I created Alibaba. By relying on the digital revolution, it is possible to turn Africa into a global hub.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda’s Thirst for Hydropower Raises Fears for Environment
Last June, Bonang Power and Energy, a South African company, announced it had applied for a licence to build a 360MW hydro plant at Uhuru Falls – which is adjacent to Murchison Falls. It was a further blow to conservationists, already reeling from news that energy company Total E&P Uganda had been given approval to develop six oilfields in the park, to the north of Lake Albert.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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MTN Cameroon Gets GSMA Mobile Money Accreditation
In a statement, the telco said that the certification followed "a rigorous, independent assessment" of the reliability of its financial services in December, describing the feat as "a source of pride" for the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Liberia’s Miracle Oil Brings Farmers Only Empty Promises
“We embraced the company because we wanted development,” he says, remembering the promises of schools and clinics if local people gave up land. “We were expecting education for our children, employment, healthcare.”
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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12 Biggest African Tech Funding Deals In 2019
In 2019, Nigerian and Kenyan fintech and logistics firms secured major funding deals while an Egyptian startup attracted $42 million — the largest round of funding for a tech startup in Egypt to date.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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Big Investment in African Tech Set to Continue in 2020
2019 was the year that dealmaking on the continent got serious. Very serious. In November alone, indeed one specific seven-day period in the month, investors announced over $400m for various fintechs on the continent. This was the wildest week the sector had ever witnessed. And no, it wasn’t a flurry of announcements for modest rounds, but in fact a succession of big-ticket deals for fintech companies, both old and new.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Into Africa: Tech Leaders Weigh in on Jack Dorsey’s Planned Move to the Continent
One thing is clear: Africa’s 54 countries and 1.2 billion people represent one of the last blue oceans for global tech growth.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- incubators, startups
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