• 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 …

• Tanzania has embarked on a plan to set up a 22-storey building in Kenya’s capital, Nairobi, to house its embassy staff.
• Tanzania Towers in Nairobi is part of a grand plan to set up embassy buildings in Kigali, Kinshasa, London, New York, and Lusaka cities.
• Once complete, Tanzania projects to earn about $13.75 million (TZS36 billion) per year from real estate investments in foreign capitals.

Stung by rising costs of paying rent in foreign capitals for hundreds of chancery staff and the pressing need to shore up foreign currency receipts, authorities in Tanzania have embarked on a plan to set up a 22-storey building in Kenya’s capital, Nairobi.

The new building, which is set to add more floor space in Nairobi’s business zone, Upperhill area, is an investment by NSSF as well as Tanzania’s Ministry of Foreign Affairs.

The Tanzania Towers, containing residences and offices, and adding beauty to the …

• Africa homes about 30 per cent of the world’s mineral reserves, including 40 per cent of the world’s gold, 60 per cent of its cobalt, and 80 per cent of the platinum group metals.
• Mineral resources are a critical source of revenue for Africa.
• The interest in renewable energies in the mining industry arises from the escalating energy demand within the sector.

Mining in Africa faces ongoing challenges due to environmental degradation and social conflicts with local communities. Deforestation, land degradation, and air pollution are persistent issues linked to mining activities. However, effective prevention and mitigation measures can alleviate these impacts.

Africa’s mineral wealth is staggering. The continent homes about 30 per cent of the world’s mineral reserves, including 40 per cent of the world’s gold, 60 per cent of its cobalt, and 80 per cent of the platinum group metals. The Democratic Republic of Congo (DRC), for instance, with …

• USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the changing performance of the pair over time.
• Traders in the country pay close attention to the pair’s performance and seek to take advantage of major short-term and long-term price fluctuations.
• For this reason, the use of technical indicators, and often a combination of a few indicators, can help traders more accurately gauge the direction of the price of the pair.

Forex trading has long been a popular method of accumulating and safeguarding wealth in South Africa. However, the underlying economic issues of the economy have adversely affected the performance of its currency, the South African rand (ZAR).

The USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the …

• 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 …