kenyan-start-up-grows-to-reach-150,000-young-entrepreneurs-following-funding-from-mastercard

Kenyan start-up grows to reach 150,000 young entrepreneurs following funding from Mastercard

Kenyan start-up MESH, the country’s first online community for young entrepreneurs in the informal economy, today announces it has reached 150,000 members. Launched to the mass market in November 2021, MESH connects young entrepreneurs and small business owners to vital networks, tailored training content, and for the first time, access to opportunities and services in …

wambui-karingithi’s-ambitious-plan-to-transform-africa’s-healthcare-with-chiza-health

Wambui Karingithi’s ambitious plan to transform Africa’s healthcare with Chiza Health

As of Wednesday, June 21, 2023, the United Nations estimated Africa’s population to be approximately 1.435 billion people, about 16.72% of the global population. With such a population, the continent lacks proper healthcare facilities and good infrastructure to cater to its needs. Many African countries lack reliable healthcare facilities, adequate tools and staff. How can the …

is-the-african-tech-funding-market-making-a-comeback?

Is the African tech funding market making a comeback?

2023 started with a lot of uncertainty for the tech industry. Many companies have struggled to find their rhythm since the economic downturn in 2022. As a result, we’ve seen a lot of layoffs, shutdowns, valuation cuts, and expansion halts in the last one year. Tech funding in the first quarter of 2023 also painted …

shareholders’-best-interest-our-focus-–-ihs-replies

Shareholders’ best interest our focus – IHS replies

IHS Holdings, the Nigerian-based telecommunication infrastructure provider has said it is focused on acting in the best interests of all shareholders. The statement which the company sent to BusinessDay, is in response to several calls by angry shareholders for the urgent reform of the company’s board of directors and corporate governance. MTN Group, Wendel SE, …

blackwells-joins-mtn,-others-to-pressure-ihs-for-reform

Blackwells joins MTN, others to pressure IHS for reform

Paelon Memorial Hospital in collaboration with IHS Nigeria, has commissioned a new Cylinder Gas Plant. Blackwells Capital, a US-based activist investor, has joined the call by majority shareholders of IHS for reforms in the formation of the board of the African tower operator. The New York-based activist investor is pushing for the cell-tower operator to …

tinubu’s-next-big-move-is-fighting-crude-theft,-says-bank-of-america

Tinubu’s next big move is fighting crude theft, says Bank of America

After defying rock-bottom expectations by scrapping fuel subsidies and implementing exchange rate reform, Bank of America has predicted President Bola Tinubu’s next major policy reform is taming the menace of the billion-dollar crude heist threatening the finances of Africa’s biggest economy. “With the current momentum, Tinubu’s next big move should be to reduce oil theft …

economic-reforms-leave-households-in-more-pain

Economic reforms leave households in more pain

Nigeria’s recent economic reforms making foreign investors excited are robbing households of their spending power, inflicting more pain and renewing pressure on them. Subsidy removal, naira devaluation, and the implementation of a value-added tax on diesel imports are causing further spikes in the prices of goods and amplifying a cost-of-living crisis in Africa’s biggest economy. …

cost-of-living-to-worsen-on-proposed-40%-electricity-hike

Cost of living to worsen on proposed 40% electricity hike

The cost of living in Africa’s biggest economy is expected to worsen as the country is proposing a 40 percent hike in electricity tariff from July 1. The hike is expected to amplify the financial burden of struggling households. This comes shortly after the removal of the petrol subsidy, which had already tormented Nigerians grappling …

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