Business

Total 351 Posts

Omnibiz, Nigerian B2B eCommerce platform raises $3m in seed funding

Omnibiz has raised a US$3 million seed funding round led by V&R Africa, Timon Capital, and Tangerine Insurance to fuel its growth and expand across Africa.

Insurtech startup Naked raises R160 million in Series A Funding

It's the largest investment yet made by Naspers, which is one of the largest technology investment companies in the world. With R1.4 billion ($96 million) in financial muscle.

Egyptian startup, MaxAB, has secured $40 million Series A investment

Egypt’s MaxAB is set to expand its physical footprint across the MENA region as a result of securing $40 million in Series A VC funding. The company also plans on scaling recently launched business verticals including new supply chains and embedded finance solutions.

Corruption has an effect on taxes in Kenya

That Kenya is a corrupt country and a lot of money is lost through corruption is not a secret. President Uhuru Kenyatta admitted that the Government of Kenya loses KShs 2 billion every day to corruption, which is more than 25% of the government budget.

Creating opportunities for female founders across Africa

Through programmes that support women with funding, we will generate prosperity in Africa. The idiom, "The hand that rocks the cradle, rules the world," can have real and unequivocal resonance.

Social and economic effects of the Twitter ban in Nigeria

Twitter is one of the biggest platforms for social and political interaction in Nigeria. It gives the youths a voice on various existential social and political issues affecting the country.

The difficulty of importing goods into Kenya

The inventory business in Kenya is an extreme sport. Losses, cartels, taxman, and other unknown factors can make it really hard for new entrants.