Safaricom and Huawei have jointly received the prestigious Most Innovative Service “the Business of Tomorrow” award at AfricaCom 2019 in Cape Town. This Award recognizes the two companies for offering the new revolutionary Mobile Money Overdraft service, known as “Fuliza”. This service enables users with insufficient funds in their M-PESA
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Family businesses are rarely viewed as a sector which could influence economic growth, but the Africa Investment Forum is recognising them as important players on the continent. For the first time at a conference of this nature, families running business empires have been given a platform to share their views
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The European Investment Bank (EIB) has announced a $1.1 billion (Shs4 trillion) lending programme to help women entrepreneurs on the African continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what
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Halima Aliko Dangote (pictured) has been appointed as the Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), one of Africa's largest and most diversified business conglomerates. According to a release by the company, Halima Aliko Dangote, a Nigerian businesswoman and daughter to Africa’s richest man, Aliko Dangote, is
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The Mastercard Foundation Centre for Innovative Teaching and Learning in ICT has issued a Request for Proposals (RFP) inviting growth-stage, educational technology (EdTech) innovators to apply for an opportunity to grow their ventures while contributing to improving the quality of education in Africa. The deadline for submissions is November 21,
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Uganda Registration Services Bureau (URSB) and Financial Sector Deepening Uganda on Friday signed a Memorandum of Understanding (MoU) that aims at fostering partnership in mutual areas of interest, such as positioning the Security Interest in Movable Property Registry System (SIMPO) to Uganda’s under-capitalized business ventures. The MoU will provide a
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A total of 20 Women entrepreneurs have successfully made it to the list of the top 20businesses in the running for the ‘Rising Woman’ initiative Awards. Three (3) winners will be selected from this shortlist to receive Awards and cash prizes totalling to UGX 30m. The top 10 finalists will
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Kenya is mulling giving citizenship to wealthy investors in a new push to enhance Direct Foreign Investment (FDI) flows, the country’s investment promotion agency said on Wednesday, Business Daily reports. High net worth investors, whose enterprises are appraised to have high impact on new jobs and exports earnings, will be
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The Uganda Tony Elumelu Foundation (TEF) entrepreneurs led by United Bank for Africa management team on Tuesday 5th November, 2019 met with Uganda’s Prime Minister Dr. Ruhakana Rugunda, to discuss a possible partnership with the government of Uganda in a bid to promote youth empowerment through entrepreneurship. The TEF beneficiaries
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Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO), BBC reports. The state-owned oil giant will determine the IPO launch price after registering interest from investors. Business sources say the Saudis are expected to
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