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Investing
- Uncover eyes new markets in Africa with the fresh injection of capital.
- Founded in Kenya three years ago, Uncover has since expanded into Nigeria, Uganda, and recently to Ghana, with plans underway to expand to the Democratic Republic of Congo (DRC).
- At the moment, the African beauty market is the world’s fastest-growing segment.
Skincare startup Uncover has successfully closed a $1.4 million Seed II funding round, a fresh injection of capital that will see the company expand its footprint across Africa.
“The industry has represented only a few skin tones in testing and we are one of the first brands testing on women in Africa. Our data-driven products combined with a tech platform-focused personalization have fueled the company’s growth. What’s exciting is that we are starting in Africa but seeing global demand and opportunity for our solution,” explained Sneha Mehta, Co-Founder and CEO of Uncover.
According to Uncover, this financing …
- Position trading is a long-term strategy in which a trader’s holding timeframe is pretty extensive, going to the extent of sometimes lasting for months up to a few years.
- When compared to day trading, its swing trades have features of short-term fluctuations in the market.
- Modern trading platforms, like Exness, provide advanced tools and resources for position traders.
Buying and selling of stocks incorporate many strategies for varying risk appetites and time frames. One of them is position trading: a long-term strategy of trading with the view of deriving gains from the major trends. In this article, we shall look at the intricacies of position trading in stock trading including its benefits, challenges and effective techniques associated with it.
What is Position Trading in Stock Trading?
Position trading is a long-term strategy in which a trader’s holding timeframe is pretty extensive, going to the extent of sometimes lasting for …
- The fund’s mission is to support startups seeking to address societal problems such as insecurity, joblessness, and poverty eradication through tech-powered innovations.
- Applications are now open for founders across Africa who meet six screening criteria: Character, Credibility, Capacity, Courage, Competence, and Context. Interested founders can apply via Innovate Africa Fund.
- Since 2019, the African startup funding scene has seen a remarkable increase, with disclosed exits crossing $2.3 billion.
Innovate Africa, a newly launched angel investment fund, is set to revolutionize the startup ecosystem in Africa with an initial $2.5 million investment aimed at supporting early-stage founders.
The platform, co-founded by Kristin Wilson and Christian Idodi, is sector-agnostic and plans to finance up to 20 startups in its first year.
The fund’s mission is to support startups seeking to address societal problems such as insecurity, joblessness, and poverty eradication through tech-powered innovations. Applications are now open for founders across Africa …
- Africa has traditionally been known to have vast untapped potential, and sports are no exception.
- Sports tourism has gained popularity, with tourists traveling to Africa to attend sporting events or participate in sports-related activities.
- Sports have become a booming investment sector in Africa accompanying the continent’s high-speed transformation.
Sports in Africa
Sports in Africa have immense positive socio-economic and cultural results on the communities in which they are embraced. From professionals to youth, sports impact many facets within a community through increased financial resources, camaraderie, and teaching fundamental life skills – such as working hard to achieve a goal, working within a team to better the collective group, and playing by the rules. In Africa, however, the role of sports in economic and social development has yet to be fully realised.
Africa has traditionally been known to have vast untapped potential, and sports are no exception. Sports can do much …
- Kenya Signs $284.1 Million Financing Deal with Korea in what will come as a boost to its media industry
- This Facility will have linkages to digital hubs initiative that seeks to develop 1450 digital hubs
- The signing of the financing agreement comes at a time when Kenya is pursuing global partnerships with established media industry players.
Konza Digital Media City
Kenya has signed a Ksh38 billion ($284.1 million) financial agreement with Korea for the construction of a state-of-the-art Digital Media City at Konza Technopolis.
The Konza Digital Media City (DMC) project is designed to position Kenya as a creative and content industry leader in Africa by providing a state-of-the-art facility to promote the emerging creative sector.
This is expected to unlock the potential opportunities available. Last year, Kenya’s creative industry is estimated to have recorded over $2 billion in total sales and is projected to grow annually at 10.3 per …
- Private capital emerges as a pivotal force in unlocking Africa’s economic growth potential.
- Partnerships between governments, private investors, and multilateral institutions are instrumental in mobilising capital for large-scale projects.
- The government must create an enabling environment for the private sector to thrive and establish policy frameworks to favour private ventures.
Private capital emerges as a pivotal force in unlocking Africa’s economic growth potential. Investing in Africa will address pressing development needs and present lucrative opportunities for investors. Following the projected population growth in the continent, the demand for infrastructure, food, and services will soar, creating a vast market for investors to tap into. Moreover, Africa hosts abundant natural resources, offering attractive prospects for energy, mining, and agriculture industries.
As Africa continues on its path to economic stability and development, the critical need for financing becomes increasingly apparent. From transportation networks to energy systems, the continent is ripe with opportunities …
- Kazan Forum provided a unique platform for nations to strengthen ties and explore joint initiatives in various spheres including economic, educational, social, and cultural realms.
- With over 80 nations expected to participate, including representatives from prominent OIC member states, the forum catalyses international cooperation and collaboration.
- The forum’s comprehensive agenda also featured cultural events, fashion shows, competitions, and an international property market fair.
AIM Global Foundation, a leading private organization dedicated to promote economic development and international cooperation, concluded its participation in the 15th International Economic Forum – Kazan Forum held over six days at the Kazan Expo International Exhibition Center. The forum served as a pivotal platform for experts and stakeholders from around the world to engage and explore avenues for enhancing economic and social relations
The XV International Economic Forum “Russia – Islamic World: Kazan Forum” provided a unique platform for nations to strengthen ties and explore joint …
- South Sudan is recognised for its vast mineral resources, including a burgeoning gold industry.
- Over 50 alluvial sites near the Luri River, about 40 km southwest of Juba, have reported gold concentrations.
- Other alluvial gold concentrations have been found near the Kinyeti River, Nimule, and northeast Karpeto.
Globally, South Sudan is recognised for its vast mineral resources, including a burgeoning gold industry. This industry represents promising opportunities for collaboration with established gold producers, enabling the country to leverage its expertise for enhanced exploration, extraction, and value addition.
For the first time in its eight-year history, the South Sudan Oil and Power Conference and Expo has been extended to four days to include a concurrent mining forum. This forum aims to explore and promote South Sudan’s untapped mining potential.
It invites international investors and private companies to participate and engage directly with South Sudan’s Ministry of Mining, offering a unique opportunity …
- Inaugural event promises to be a cornerstone in the region’s wood and woodworking machinery industry
- As construction projects continue to increase, the demand for woodworking machinery is expected to escalate
- Saudi WoodShow is showcasing an impressive line-up of exhibitors, including renowned companies such as Al Arak Wooden Manufacturing Company
Thousands of delegates are converging in city of Riyadh for the Saudi International Wood and Woodworking Machinery Exhibition (Saudi WoodShow) is all set to close tomorrow, May 14. Organized under the banner of WoodShow Global, this inaugural event promises to be a cornerstone in the region’s wood and woodworking machinery industry.
Globally, woodworking machinery market is projected to experience a steady Compound Annual Growth Rate (CAGR) of 4.5 percent between 2023 and 2032, fueled by the robust expansion of the construction sector worldwide.
With the industry witnessing significant growth momentum, the woodworking machinery market, valued at $4.9 billion in 2022, is …
