As the global banking and financial services sector take stock after the collapse of Silicon Valley Bank (SVB), there are many lessons to be learned, said Maurizio Caio, founder and managing partner at Africa-focused venture capital (VC) firm TLcom Capital. Apart from the “very basic”...
A wave of platforms that enable digital sales and procurement are revolutionizing the way African companies do business, contributing to an all-round more efficient trading system and helping to eliminate frictions that have long-plagued traditional supply chains. Increasingly, these platforms are not just middlemen connecting...
Dek: Following Walmart’s decision to take full ownership of Massmart, any suggestion that the retailer could back out of its African venture has been effectively shut down, and it’s now apparent that the U.S. retail giant is deeply invested in doing business on the continent....
The Bank of Central African States (BEAC), which serves Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea and the Central African Republic (CAR), could become the first regional bank on the continent to launch a common digital currency. BEAC was urged to advance the...
Pan-African payment solutions provider Bizao announced an 8 million euro ($8.2 million) series A funding round Thursday (Jul 21). The round was led by AfricInvest Financial Inclusion Vehicle (AfricInvest FIVE), Adelie and Seedstars Africa Ventures. The new capital will be used to accelerate Bizao’s growth...
Goods and products manufactured in Africa are often perceived to be of inferior quality compared to those from other countries. According to Birame Sock, founder and CEO of African B2B marketplace Kwely, that negative perception is mainly caused by poor packaging, and over the years,...
