Inspiring Leadership & Sustainable Business Transformation in Africa
GHANA – African private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as a Partner, as it strengthens its presence in Ghana with a new office opening in Accra in Q2. The move is CCA’s first physical presence in Ghana and will support the fund manager’s current portfolio, as well as deepen relationships with entrepreneurs in the…
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AFRICA – Global logistics and package delivery company, UPS has partnered with Jumia, a pan-African marketplace to expand its logistics services in Africa. UPS will leverage Jumia’s network across Africa to grow its reach in the continent, following a new partnership announced today that gives it access to the e-commerce firm’s last-mile delivery infrastructure. The firm’s customers can pick up…
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EGYPT – Egypt-based health tech O7 Therapy, a refined, scientific, and evidence-based online platform has raised a US$2.1 million seed round to accelerate growth. The latest seed funding round was led by Hikma Ventures, with the participation of C-Ventures, Lotus Ventures, alongside angel investors. The funds will be used to promote mental health and wellness, assist in addressing various difficulties,…
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AFRICA – Financial infrastructure startup Credrails has partnered with Access bank to develop open finance rails that will dramatically improve the experience of banking customers across the continent. Founded in 2020, Credrails delivers the infrastructure that connects bank, mobile money, and offline data into a single API to power the next generation of fintech solutions. The start-up’s API gives developers…
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SOUTH AFRICA – Bridgestone Mobility Solutions, Bridgestone EMIA’s business unit focused on developing and launching data-driven fleet, tyre and mobility solutions, has become an anchor partner of Startup Autobahn, a mobility-focused innovation network. Moderated by Silicon Valley global open innovation platform, Plug and Play Tech Center, Startup Autobahn brings industry-leading companies and startups together to identify new ideas and develop…
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EGYPT – Egyptian e-grocery marketplace, ON Market has raised US$215,000 pre-seed round from angel investors to expand into major cities in Egypt. The round was led by Yasser AlGhamdi to help the firm expand into Cairo, Alexandria, Tanta, and Mansoura, as well as scale its technology solutions. Founded in June 2020 in Tanta, by Moatasem Marzouk, Seif Yasser, Ahmed Najjar,…
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KENYA – Kenya has launched its sixth submarine internet cable worth US$400 million that will offer high speed, lower latency, and broader bandwidth internet services in the country, as part of efforts aimed at improving its internet access. The cable will connect Africa to France and Pakistan through the Europe-Asia route, providing direct connectivity to Asia, which is expected to…
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MALAWI – Bolloré Logistics Malawi, the transport and logistics business unit of Bolloré Transport & Logistics, has implemented the transportation for the Golomoti Solar project. This is by conveying an all-inclusive shipment of 221 TEUS of solar panels, batteries and equipment from China to Malawi. Relying on its expertise in this field, Bolloré Logistics was able to be part of…
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Venturing into a sector dominated by deep pocketed multinationals is no mean feat. The odds are even higher when trying to break into a one such as oil that is known for its ruthless cartel style of operation. London Business School graduate Malvin Chiwanga is however not one to shy away from competition no matter how cutthroat it may be.…
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