Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa • TechCrunch
As many as 2.8% of Africans are insured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there’s some good news. According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the
MTN Ghana’s $1 Billion investment plan unveiled after tax exemption
South Africa’s telecommunication giant MTN has agreed to invest a total sum of $1 billion in Ghana over the next five years. MTN Chief Executive Officer Ralph Mupita said the company was committed to investing in the west African country following a tax exemption amounting to about $773 million. He said they intend to invest
MICROCAPITAL BRIEF: Yabx Raising Equity to Expand Backoffice Fintech for Financial Inclusion in Nigeria
Verdant Capital, a Mauritius-based corporate finance firm, recently announced that it is raising equity financing for Yabx Technologies, a Netherlands-based provider of software that enables digital lending, to expand its operations in Nigeria. The company helps financial services providers offer products such as personal loans; buy-now-pay-later payment plans; and loans for MSMEs (micro-, small and
Sub-Saharan Africa Emerges as One of the Fastest-Growing Mobile Gaming Markets in the World
The report found that mobile gaming is driving the growth in Sub-Saharan Africa, with 95% of gamers across the region playing on smartphones or tablets. This trend is expected to continue, with the region’s mobile player audience projected to grow at a CAGR of 9.4% between 2020 and 2024, making it the fastest-growing mobile gaming
Africa’s streaming war hinges on local content
With streaming services today in a global race for eyeballs, market leaders such as Netflix, Disney Plus, and Amazon Prime Video have had to look beyond the borders of their home markets, especially with increased competition in North America and Europe. With rapidly increasing internet connectivity in Africa, a youthful population, and a growing middle-class,
Is trading legal in Africa?
In the last four decades, trading has become a common practice worldwide. From developed countries like the US to developing economies like China, it has spread everywhere. Fortunately, Africa is no exception. Trading is allowed in different parts of African continents like South Africa, Nigeria, Ghana, etc. In fact, trading options like forex trading have
South Africa’s largest rhino farm puts itself up for sale – Modern Ghana
The owner of a huge South African rhino conservation farm, the world’s largest, said Monday that it would be sold at auction in April because it …
Italian Chamber of Commerce enters the official circuit of Chambers abroad-breakinglatest.news-Breaking Latest News
With a decree approved in recent days, the Ministry of Foreign Affairs and the Ministry of Enterprise and Made in Italy have recognized the Italian Chamber of Commerce in Mozambique, based in Maputo. Founded in 2014 and chaired by Simone Santi, the main objectives of the Chamber of Commerce are the promotion and development of
Black Sherif wins Soundcity MVP Awards 2023 Festival’s Best Hip Hop Song category
Ghanaian singer and rapper, Black Sherif has won the prestigious Hip Hop Act of the Year at the 2023 edition of Soundcity MVP Awards festival, which was held at the Eko Convention Center, Lagos, Nigeria. The 21-year-old singer beat off competition from other musicians like M.I from Nigeria, Nasty C from South Africa, Ladipoe from
South Africa declares national state of disaster over floods
JOHANNESBURG, Feb 13 (Reuters) – South African President Cyril Ramaphosa has declared a national state of disaster to enable an intensive response to widespread flooding that has affected seven of the country’s nine provinces. Mpumalanga and the Eastern Cape have been most affected by the floods, which were brought on by heavy rainfall as a