Here are 5 African cities with the best startup ecosystems in 2023

Africa’s startup scene has been gaining momentum in recent years, and in 2023, several cities on the continent are emerging as vibrant hubs for innovation and entrepreneurship. These cities are not only attracting local talent but are also becoming increasingly appealing to international investors. Based on The Global Startup Ecosystem Report 2023 (GSER 2023), these

Bloomberg Africa Business Media Innovators Forum to be held in Cape Town

Media, business, government, technology, and community leaders from across Africa and beyond will convene in Cape Town, South Africa for in the annual Africa Business Media Innovators (ABMI) forum on October 30 – November 1. Co-hosted by M. Scott Havens, CEO, Bloomberg Media and Matthew Winkler, Editor-in-Chief Emeritus, Bloomberg News, and Erana Stennett, Corporate Philanthropy

Two Kenyan tech firms picked for maiden AI First programme

Two Kenyan startups have been selected for the inaugural Google for Startups Accelerator AI First programme. They include Dial Afrika Inc and Fastagger Inc who are part of a team of 11 African startups that were picked for the first cohort. The other selected startups include Avalon Health (South Africa), Chatbots Africa (Ghana), Famasi Africa

Google Accelerator Selects 11 African Startups to Advance AI

Google has announced the first 11 African startups chosen for its new “Google for Startups Accelerator: AI First” program. The 10-week program aims to empower emerging innovators leveraging AI across Africa. Google’s significant investment highlights its commitment to strengthening AI’s transformative potential on the continent. Per McKinsey, AI could add $1.3 trillion to Africa’s GDP

Nigeria plans to reduce the number of taxes from 62 to less than 10

This announcement was made by Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms during a presentation in Abuja at the 53rd annual conference of the Institute of Chartered Accountants of Nigeria. Oyedele stressed that the existing 62 taxes imposed across various government levels place a heavy burden on Nigerian businesses

10 African countries with the highest diaspora remittance inflow

As the African diaspora continues to grow, especially in the wake of globalization and increased opportunities abroad, the remittances sent back to the continent have swelled in volume. It’s not just pocket change; it’s a game-changer for Africa’s economic stability and growth. According to the World Bank, in the post-COVID period, remittances have become even