Growing from a small palm oil exporter into a sizeable food business
Felicia Twumasi Felicia Twumasi established Homefoods in 1995. The idea for a business had been brewing since she was at convent school. Initially, the company focused exclusively on the export of red palm oil, securing substantial market share through a partner in the UK under the Blue Bay label, but today it also produces a
Google selecting 2nd cohort for Startups Black Founders Africa Fund, how to apply
The Black Founders Fund Africa is open to startups that meet the eligibility criteria in Kenya, Botswana, Cameroun, Côte D’ivoire, Ghana, Ethiopia, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda and Zimbabwe. While these thirteen countries are the prime focus due to their active tech and startup ecosystems, strong applications from other African countries will also
IHS Holding Limited Reports First Quarter 2022 Financial Results
CONSOLIDATED HIGHLIGHTS – FIRST QUARTER 2022 Revenue increased 23.4% (or 21.5% organically) to $446.1 million Adjusted EBITDA was $244.9 million and Adjusted EBITDA margin was 54.9% Profit for the period was $16.9 million Cash from operations was $166.6 million Recurring Levered Free Cash Flow (“RLFCF”) was $87.1 million Completed the acquisition of São Paulo Cinco
Africa can show the world that women entrepreneurs are our future
By Mazamesso Assih, Minister for Financial Inclusion and the Informal Sector, Government of Togo I am always proud to say that I live in the most dynamic region in the world, thanks to our young and resourceful population. According to a 2019 World Bank study, Sub-Saharan Africa has the highest rate of entrepreneurship in the
The Google for Startups Black Founders Fund Africa Program 2022 for early-stage African Startups ($4 million in funding)
Application Deadline: May 31st, 2022 A Google for Startups initiative giving access to funding to Black-founded startups in Africa. Through the Google for Startups Black Founders Fund Africa, Google is supporting early-stage, Black-founded startups on the continent. Google want to bridge the existing fundraising gap for Black startup founders in Africa’s fast-growing technology landscape. Founders
Rihanna’s beauty line Fenty seeks to tap into Africa’s growing cosmetics industry
Seth Onyango, bird story agency Rihanna’s Africa launch of her luxury beauty line Fenty is perceived as a reaction to the growth of the continent’s beauty and personal care industry which is now valued at over US$12 billion. Latest figures show the market could reach $14 billion in 2022, oiled by a steady rise in
2022 ITTF Africa Cup: Egypt’s teenage champs Goda warns Nigeria – The Nation Newspaper
Meanwhile, top officials from South Africa, Egypt, Burundi, Ghana, Ethiopia, Tunisia, Lesotho, Togo, Cote d’Ivoire, Malawi, Eritrea, and host- Nigeria …
Applications open for the second cohort of Google for Startups Black Founders Fund for Africa – Germiston City News
Google has announced that applications for the second cohort of the Google for Startup Black Founders Fund (BFF) for Africa are now open. Following the success of the first cohort last year, Google will increase its commitment with an additional $1 million in funding, and support for 10 more founders this year. This will result
Ghana Enterprise Agency partners with IE University’s Africa Center to promote women entrepreneurship
ACCRA, Ghana, 17 May 2022, /African Media Agency/- Ghana Enterprises Agency (GEA) and IE Africa Center (IE University, Spain) have announced a partnership to promote the economic empowerment of women in Ghana by focusing on providing leadership and development training for women entrepreneurs. Empowering women is one of the most crucial concerns of the Millennium Development Goals of the United
Sri Lanka’s economic crisis: Lessons for Nigeria, others
The same threat looms in Ghana, Kenya, South Africa, Ethiopia and almost every other African country. In this article. CBN · COVID-19 · economic …