Trending
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
Tech & Business
- South Korea-based LB Investment, which has $1.2 trillion Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress.
- The firm will showcase a diverse portfolio of startups and companies, representing cutting-edge innovation and disruptive solutions across industries.
- Among the notable entities brought to the forefront by LB Investment are LisMed, Standard Energy Inc., t’order, FITPET, LABLUP, BLUEZONE WIDE, NOTA AI, and ABYSS Company.
LB Investment, a venture capital company with a legacy of fostering innovation and entrepreneurship, and with $1.2 trillion in Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress, scheduled to be held from May 7th to May 9th in Abu Dhabi, United Arab Emirates.
Established in 1996, LB Investment has consistently been recognised as one of South Korea’s premier fund managers, earning accolades such as the A+ grade from the Small and Medium …
- AIM Congress 2024 aims to facilitate economic opportunities and foster mutually beneficial international economic relations.
- The congress provides a platform to engage with global leaders, explore investment trends, and forge meaningful B2B and B2C partnerships.
- The Future Finance Forum Track at AIM Congress 2024 will explore the use of cutting-edge technologies such as blockchain, AI, fintechs, and digital currencies.
The AIM Congress, under the leadership of Dawood Al Shezawi, President of AIM Global Foundation, stands poised to host an unprecedented global gathering from May 7th to 9th. This event promises to assemble an extraordinary array of leaders, including over 25 government ministers, 45 city mayors, and 12 central bank governors, reflecting its vast international appeal and strategic importance.
With more than 900 speakers and 450 dialogue sessions scheduled, the congress aims to foster comprehensive dialogue and networking among the most influential figures across various sectors worldwide.
The sheer scale and …
- Ventures interested in applying for the Investment Showcase can submit applications here by 2nd May.
- To qualify, the ventures must be African, have at least one African co-founder or be headquartered in Africa.
- They must also offer a product or service designed for scalability, and be able to present in person at the Africa Tech Summit (ATS) London.
On June 7th, 2024, the Africa Tech Summit (ATS) London will convene at the London Stock Exchange for its eighth edition, continuing its tradition of fostering business and investment opportunities in Africa and around the world.
This tech conference, known for its dynamic engagement and insight into the African continent’s tech industry, is poised to attract over 300 African and international tech leaders, policymakers, investors, entrepreneurs, and corporates.
The summit’s key event, the Investments Showcase, is inviting African tech ventures to present their business models to a curated audience of potential investors …
According to Refinitiv Data, the value of South African mergers and acquisitions increased by 958 per cent from the same period in 2020 to US$52 billion in the first half of 2021, from a total of 169 deals. When compared to the same period in 2020, deals involving tech businesses soared by US$160 million, or about 2000 per cent.
According to an article by Tech Cabal, acquisitions in South Africa can broadly be categorized into three:
Inbound inter-country acquisitions of South African startups by international companies (mostly US-based),
Domestic intra-country acquisitions of South African startups by well-established South African companies, and
Domestic intra-country acquisitions of South African startups by other South African startups.…
- Safaricom has officially kicked off a large-scale customer pilot of its network in Ethiopia as part of ongoing plans to officially launch operations in Ethiopia
- The telco has launched the trial network in Dire Dawa, Ethiopia’s second largest city after its capital Addis Ababa
- The launch of the network is part of Safaricom’s phased city-by-city regional network roll-out and rigorous service tests building towards its national launch in October
Safaricom Ethiopia has officially kicked off a large-scale customer pilot of its network in Ethiopia as part of ongoing plans to officially launch operations in the Horn of Africa country.
The telco has launched the trial network in Dire Dawa, Ethiopia’s second largest city after its capital Addis Ababa.
The launch of the network is part of Safaricom’s phased city-by-city regional network roll-out and rigorous service tests building towards its national launch in October.
Safaricom Ethiopia said the customer pilot would …
The value of the AI construction market was estimated to be USD 466.9 million in 2019. Projections estimate that by 2025, the market value will skyrocket to US$2312.8 million with a compound annual growth rate (CAGR) of 33.87 per cent between 2020 to 2025.
Despite not gaining early adoption within the construction sector as in other areas, AI is now ideally positioned to lead transformative reforms within the sector.
According to an article by majesteye.com dated February 16, 2022, several studies and reports have shown that the adoption of AI applications within the infrastructure sector is growing at a rapid pace. Some of the major drivers of this growth include the following:…
It remains uncertain how long this economic downturn lasts or which businesses and investors will remain standing when it ends. Nevertheless, many tech startup players believe that the African digital ecosystem will remain relatively unscathed.
This moment provides a chance for Africa-focused funds to flourish. The African tech startup industry offers the funds tremendous possibilities to invest at a low cost. The best businesses find footing at times like these.…
If crypto specialists believe that most of the African population is proficient in cryptography, they are gravely mistaken. The majority of people’s daily lives are currently unaffected by cryptography.
The adoption of cryptocurrency will result in its global recognition as a trustworthy medium of exchange. Cryptocurrency is a decentralised asset that may be used to communicate and store value securely. Africa is falling behind schedule due to the continent’s lack of bitcoin and blockchain expertise.
Gemini’s 2022 Global State of Cryptography research shows that a lack of education is the primary global barrier to cryptocurrency ownership. 40% of African respondents in the study had never purchased cryptocurrency because they were unfamiliar with the process.
According to Kucoin, 2.8% of all cryptocurrency transactions worldwide occur in Africa, indicating that we have a long way to go in terms of acceptability.…
The new small business capital funding solutions, which are powered by modern and cutting-edge financial technologies, possess the potential to help small enterprises with their funding problems.
By providing bespoke credit options and innovative loan solutions, these modern fintech lenders have the ability to transform the finance ecosystem for small businesses.
SCF lenders have a larger outreach among small businesses, which ensures quicker loan approvals and seamless transaction processing on scheduled schedules with flexible terms.
This is in comparison to large lending institutions, which have a far more limited customer base. SCF companies have differentiated themselves from traditional lenders by developing a tech-enabled operational interface.…
