There has been robust growth in Internet access and usage over the past few years and Africa is now primed to take advantage of the social and economic opportunities that the Internet can bring to people across the continent. This was the focus of an address delivered to delegates at the Africa Internet Summit (AIS) being held in Tunisia by Kathy Brown, President & CEO of the Internet Society. In her speech, delivered to […]
Pembani Remgro Infrastructure Fund, founded by two of South Africa’s richest men, has raised $345 million to invest in electricity generation, transport and logistics in Africa. An executive of the fund created by the two South Africans billionaires was quoted by Bloomberg as saying that “the fund raised $245 million and can access a further $100 million from the U.S. government’s Overseas Private Investment Corp. CEO of the fund, Herc van Wyk said the […]
Dear Training Partners, I want to share with you some important news about Altera. Earlier today we announced that Altera will be acquired by Intel, the world’s largest semiconductor company and a proven technology leader. We believe that this transaction will bring many exciting opportunities to all our key stakeholders, including our valued partners. Intel is committed to growing our current business. Additionally, as part of Intel we will be able to develop […]
Africa’s biggest publisher, IC Publications, and the leading media group in Japan, Nikkei Business Publications, Inc. (Nikkei BP) are joining forces to organise the Africa-Japan Business Investment Forum which will take place in Addis Ababa, Ethiopia from 31st August to 2nd September. In the last two years, Tokyo has played host to two African investment summits. The first was held in 2013 during the fifth Tokyo International Conference on African Development, TICAD V, hosted by Japan’s Prime Minister, […]
Agility , one of the world’s leading providers of integrated logistics, today launches a global photo competition to highlight the success of emerging Africa and reflect its increasing progress. The competition seeks to highlight the often unreported side of a continent of many contrasts. It calls for photographers to capture an Africa booming with tech-savvy, youthful consumers, fast-paced urbanization, and enormous long-term economic prospects. “Much of the world’s perception of Africa is outdated,” […]
In a glittering ceremony in Skhirat, Morocco, three African innovators emerged as winners in the annual Innovation Prize for Africa competition. The African Innovation Foundation, which organizes the event, focuses on identifying homegrown and scalable innovations that address local problems in Africa. From Foufoumix (a kitchen appliance to replace a mortar and pestle in fufu food preparation) to mimosa pudica solar (which generates electricity from a weed), they are cultivating a network ofgrassroots innovators of […]
Omidyar Network announced an investment in Hotels.ng, the largest hotel-booking platform in Nigeria. The company provides an online marketplace to connect consumers to more than 14,000 small and medium hotels in the country, most with no prior digital presence. The total deal was $1.2 million in a Series A funding. Another new information is that EchoVC participated in that deal.