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7 African Startups That Received Microsoft 4Afrika Funding

Microsoft Corp. today announced seven new African startups to receive funding, technical support and mentorship to fast-track their growth and provide a roadmap to  highlight Africa’s ‘future  growth pole’. The announcement was made at the Microsoft 4Afrika Advisory Council meeting in Nairobi ...

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50% Of The World Will Be Online By 2017

Over 50% of the global population will have Internet access within three years’ time, with mobile broadband over smartphones and tablets now the fastest growing technology in human history, according to the 2014 edition of the State of Broadband report.   Released today in ...

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Orange Launches Start-up Accelerator Programme in Ivory Coast

With “Orange Fab Ivory Coast”, Orange’s network of start-up accelerators is now present on four continents.  The programme, which is a pillar of the Group's open innovation approach, reflects the determination of Orange to support the new digital players and help ...

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Convertible Notes 101: An Introduction

Convertible Notes 101: An Introduction [i] Author: Brian Laung Aoaeh   We started discussing term sheets sometime ago. If you missed those discussions you should consider reading the previous posts titled “The Anatomy of A Term Sheet” before you read this one.   Today we ...

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Starting Business in Nigeria: Challenges and Way Out

Top Reasons Why It Is Difficult to Start a Business in Nigeria andthe Way Out Starting up a business in Nigeria can be very tough if the accurate strides and knowledge about the business is picked up before starting or investing ...

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africa

Global capital project and infrastructure spending is expected to grow to more than $9 trillion annually by 2025, up from $4 trillion in 2012, according to a new report issued by PwC, ‘Capital project and infrastructure spending: Outlook to 2025’.   The report, for which Oxfords Economics provided research support, analyses infrastructure spending across 49 of the world’s largest economies which account for 90 percent of global economic output. It covers five industry sectors – […]

DSC_0306

LAGOS, Nigeria, August 5th- TECNO Mobile a brand under TRANSSION Holdings, has made a bold step of market dominance in Smartphone technology within Africa with the unveiling of the phone tipped for the Smartphone of the year – Phantom Z. The event which took centre stage at the prestigious Sheraton Hotel elicited excitement from consumers as 10 lucky winners won a Phantom Z each.   From L-R – The Managing Director, Marketing, Jumia Nigeria, Jonathan Doerr; Head of […]

convertible note

Convertible Notes 101: An Introduction [i] Author: Brian Laung Aoaeh   We started discussing term sheets sometime ago. If you missed those discussions you should consider reading the previous posts titled “The Anatomy of A Term Sheet” before you read this one.   Today we will discuss an alternative funding mechanism; the Convertible Note.[ii]   Our preceding discussion of term sheets assumed that you and your potential investors agree that the investors should join you […]

business model

Top Reasons Why It Is Difficult to Start a Business in Nigeria andthe Way Out Starting up a business in Nigeria can be very tough if the accurate strides and knowledge about the business is picked up before starting or investing in it. Every up-and-coming men or women that are experiencing growth in their businesses are successful because they out-rightly faced the challenges that came their way and never looked back.   The same was […]

entrepreneur

Editor’s Note: This piece was contributed by Olukunle Moses.   An entrepreneur is an organizer; someone with a dream and the initiative to take the risks required to convert that vision into an enterprise offering a service or product consumers will want to purchase.  Entrepreneurs play a vital role in the development of any country’s economy, whether a developing nation, such as Nigeria, or an established one, like the UK or Germany.   The big […]

tony elumelu

A group of Nigeria’s wealthiest businessmen on Thursday donated  millions of dollars to support victims of terrorist attacks.   Earlier this week, Nigerian President Goodluck Jonathan launched the Victims Support Fund, an initiative aimed at providing relief for those who have been adversely affected by insurgency in Nigeria over the last few years.  According to Nigeria’s Thisday newspaper, Danjuma pledged $10 million, but the largest individual donation came from banker Tony O. Elumelu, who pledged $15 million. In […]

power

With the ongoing transformation in the Nigerian power sector and the Federal Government’s unwavering commitment to partner with foreign and domestic investors to take power generation and distribution to the next through DPP, ensuring that her set goal of actualizing 40000 mws of power by the year 2020 is attained. The recent news of Nigeria overtaking South Africa to become Africa’s largest economy with a GDP of US$509bn is a promising sign of investment in […]

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