The gaming industry is booming and new frontiers are opening up all the time. One of the latest is offshore investment in Africa. Africa has a lot to offer the gaming industry,…
Category: Business
Are ports race in Africa development or plunder?
Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between…
Why Snake farming could be the next successful business venture
Snake farming is a lucrative and potentially successful business venture for entrepreneurs for most business oriented people in Africa. Snakes are widely feared and considered to be dangerous, but they can also…
How Africa is becoming the home of innovation
The African continent is home to some of the world’s most innovative people and businesses. From mobile money to e-commerce, Africa is leading the way in the digital economy. There are many…
Rahama Wright to leverage beauty industry at U.S.-Africa Leaders Summit
Rahama Wright, the founder and CEO of Shea Yeleen, will be attending the U.S.-Africa Leaders Summit in Washington D.C. The summit will bring together leaders from across Africa and the United States…
Germany plans to increase its investments in Africa
Germany is set to increase its state guarantees for business investments in African countries. This move is aimed at diversifying trade relations and making Germany more independent from China. The increased state…
Israel, Morocco sign natural gas exploration deal
Israel’s NewMed Energy has signed a deal with Morocco’s energy and mining ministry and Adarco Energy for offshore natural gas exploration and production. This is a significant step forward for NewMed, which…
Kenya requests $750 million loan from the World Bank
The government of Kenya has formally requested a $750 million loan from the World Bank to help fund its development projects. The loan would be used to promote sustainable, resilient and inclusive…
ABB group slapped $4.3 million in bribery scandal
ABB, a Swiss engineering and technology group, has been slapped with a $4.3 million fine in connection with a bribery scandal in South Africa. The company was found to have paid bribes…
Kenyan President Ruto unveils ‘Hustler Fund’ to empower businesses
Kenyan President William Ruto on Wednesday unveiled the ‘Hustler Fund’ to empower small businesses and entrepreneurship in a bid to create jobs and reduce poverty. The fund, which is worth Ksh 50…
Africa’s Gas could be the answer to Europe’s energy woes
The European Union has been looking for new sources of natural gas after Russia annexed Crimea and cut off supplies to Ukraine. In response, the EU has turned to Africa, where there…
South Africa’s Gold fields miners turn to solar energy
South Africa’s Gold fields miners turn to solar energy – Miners in South Africa have started to turn to solar energy to power their operations as the cost of renewable energy has…