Why this private equity firm backed Nigerian retail chain Justrite Published by James Torvaney on 3 March 2023 Justrite, a Nigerian retail chain with 17 stores, focuses on ‘underserved’ locations that other supermarket players have deemed unfeasible.
Investing in Africa’s most promising startups with Emmanuel Adegboye Published by Terser Adamu on 2 March 2023 In Episode #58 of the Unlocking Africa podcast, Terser Adamu speaks with Emmanuel Adegboye, the head of Madica, an Africa-focused pre-seed investment programme.
Japanese investor sees opportunity in Africa’s growing healthcare market Published by Jaco Maritz on 1 March 2023 Japanese investment firm AAIC seeks to capitalise on the growing demand for medical services in Africa by backing healthcare startups.
South African electric delivery vehicle poised to enter European market Published by Jeanette Clark on 28 February 2023 MellowVans, a South African business that specialises in manufacturing light electric vehicles, has taken a major step in expanding its reach
West African fonio company seeks piece of global gluten-free market Published by Jaco Maritz on 26 February 2023 Sustainable African Foods is setting up the world’s first industrial-scale fonio processing plant in Mali.
Interview: The man behind Ghana’s first shopping mall Published by Jeanette Clark on 23 February 2023 How Andrew Asamoah started and grew a property development company in Ghana.
M-PESA eyes global remittances market’s multi-trillion dollar surge Published by Seth Onyango on 23 February 2023 The African mobile money giant is looking to replicate its African success in new markets as the global demand for seamless, fast and affordable remittance services heats up.
Major hotel chains race to expand in Africa Published by Conrad Onyango on 22 February 2023 Luxury hotels are expanding in Africa, with Marriott, Radisson Blu and Hyatt leading the way with new developments and acquisitions.
Cold storage for African farmers: Entrepreneurs see big potential Published by Jaco Maritz on 19 February 2023 Earlier this month, US-based investment fund Acumen announced its investment in SokoFresh, a Kenyan enterprise that offers smallholder farmers solar-powered, mobile cold-storage facilities.
Madagascar’s mobile money boom Published by Olivier Monnier on 18 February 2023 Over a third of the population in Madagascar is now able to use mobile money for everything from paying bills to person-to-person transfers, to even saving or getting a loan.
South African subscription-based retailer believes access is the new ownership Published by Jaco Maritz on 16 February 2023 A closer look at the business model of Rentoza, which gives customers access to electronics and baby goods on a subscription basis, similar to Netflix.
Africa set to double its natural gas market share by 2050 Published by Bonface Orucho on 14 February 2023 According to a report by the Gas Exporting Countries Forum (GECF), Africa’s global gas market share is projected to rise from 6% in 2021 to over 11% by 2050.
How to make it in Africa’s business media industry with Jaco Maritz Published by Terser Adamu on 13 February 2023 Terser Adamu talks to Jaco Maritz, founder and editor-in-chief of How we made it in Africa, an online business publication focusing on African Business Growth Stories, Ideas and Trends.
Potential for Kenya to ramp up manufacturing of televisions and fridges Published by Staff Writer on 12 February 2023 Kenya has the potential to become a major producer of consumer electronics, specifically televisions and refrigerators, to serve both the domestic and surrounding markets.
