Author: Ken Mutuku

Africa’s economy thrives mainly from agriculture, trade and human resource. For years these three have dominated Africa’s market, but in recent years researchers have found that Africa’s abundant natural resource also includes Natural gas. This discovery later revolutionized Africa’s economy as a select few countries have significantly profited from its exportation and use.

Here is an outlook demonstrating how Africa’s natural gas production is an energy solution that can propel its entire economy to new heights.

Understanding Natural gas and its uses

Before further elaborating on how Africa’s natural gas resources are the envy of other continents, we must first understand the context behind this energy solution and why it is so important.

What is Natural Gas

Natural gas is a mixture of gas which is potent in hydrocarbon. These gases(methane, nitrogen, carbon dioxide, etc.) are naturally found in the air. However, they are mainly far less potent to process. …

• Vodafone Group developed a business tailor-made to deal with Africa’s rising digital economy
• Etisalat, Vodafone’s largest shareholder, is currently exploring options for investment in Vodacom Africa.
• A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table

Vodafone Group is mulling strategies of extracting more value from its 65% stake in Vodacom Africa. According to Bloomberg, the telco is working with several advisers to evaluate the various strategic options available including mergers and acquisitions. A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table With the recent decline in Vodacom Africa and its market value in Safaricom, the organization is considering other alternatives.

This new take is crucial given that Vodafone has acquired new interested investors. Liberty Global, Xavier Niel,…

• African Hidden Champions (AHC) is an initiative that seeks to showcase exceptional growth stories of unique African startups.
• The AHC initiative has led to several breakthroughs for various African startups.
• AfDB and AHC partnership is a stepping stone that would provide financial inclusion and regional industrialization.

AfDB has announced a new partnership with the African Hidden Champions to promote and empower local startups.

African Hidden Champions (AHC) is an initiative that seeks to showcase exceptional growth stories of unique African startups. Essentially AHC seeks potentially revolutionary companies that are building Africa’s startups to scale on a global scale.

Africa Foresight Group and German Investment Cooperation co-founded this initiative to shed light on Africa’s potential as a continent. They created AHC for the primary purpose of helping firms on their growth journey by telling their stories, exposing them to new markets and providing funding and technical assistance if need be.

Dr …

• In 2015, BFA Global launched the Catalyst Fund to support and manage early-stage inclusive fintech startups.
• Assuraf is an African startup that attempts to deal with the harmful norms of insurance coverage within the content.
• Located in Kenya, Octavia is one of the twenty companies building DAC technology globally.

Catalyst Fund, a pre-seed VC fund and a startup accelerator in Africa, recently announced that 10 African startups had been accepted within their program. The Fund has announced a $2 million investment in the startups that are building and improving Africa’s ecosystem.

BFA Global launched the Catalyst Fund in 2015 to support early-stage inclusive fintech startups. The Fund offers affordable, accessible and appropriate digital financial solutions.

Despite focusing its reach among African innovators, it still has a global viewpoint. Initially, the Bill & Melinda Gates Foundation, JPMorgan Chase & Co., and fiscal sponsorship from Rockefeller Philanthropy Advisors baked up the pre-seed …

• BuuPass provides its users with a Bus management system for managing their operations, inventory and sales.
• Over the years BuuPass online booking has amassed a total fleet size of 1200 vehicles from over 25 bus companies.
• Africa’s transport service greatly benefits from BuuPass, allowing smooth operations and services.

Africa’s digital economy has opened doors for every kind of innovation. From shopping through your phone to ordering meals, Africa’s digital revolution has taken the world by storm. Buupass is an online ticket booking platform that has steadily taken over as Kenya’s transport service. On February 13th 2023, BuuPass announced its intent to expand as it raised Sh162.8 million($1.3 million). This will essentially expand its operation from Kenya to Uganda.

BuuPass has taken the initiative and steadily used Africa’s Digital Economy and the Mobile Industry in Kenya to stretch its services beyond everyone’s expectations.

For those who love travelling through the roads …

• Mpesa has a 7 % penetration of the GSM base in Egypt and 40% in Ghana while having a dominant 90% in Kenya.
• Kenya’s 91 startups got the third-largest capital inflow in Africa.
• A report released by Disrupt Africa indicated that Kenya’s average investment size was $6.3 million.

Africa’s tech Industry received a significant reveal as Kenyan tech startups accumulated $574.8 million(Ksh 71.7 billion) in funding last year. This figure astonishes many within the industry since it truly puts into perspective the current direction of Africa’s digital economy. Nowadays, funding tech startups is one of the few ways governments and organizations plan to stay ahead of the 4th Industrial Revolution. 

It is crucial to understand that Kenya, along with Nigeria and South Africa are at the top of Africa’s tech industry. In Kenya, 308 promising tech startups have inspired various organizations and governments to invest in them Nairobi, is the …

• At the beginning of February, Nigerians started complaining that commercial banks could not supply individuals with Nigeria’s physical fiat currency.
• The currency situation in Nigeria escalated to an all out crisis this week when an impending deadline for the ban of the use of old notes.
• The Supreme Court on Wednesday, suspended the deadline to ease the tension that has been building up exacerbated by heated campaigns and a looming fuel crisis. 

In the middle of intense campaigns that will see three main presidential candidates battle it out in Nigeria’s 2023 election, the country is experiencing a shortage of the new Naira notes that threatens to take centre-stage before the West African nation goes to the polls from 25 February.

All Progress Party (APC) candidate Bola Tinibu, People’s Democratic Party (PDP) Atiku Abubakar and outsider Peter Obi of Labour Party are considered the front runners to take over from outgoing …