Tag Archives: Africa

Google opens applications for R64m fund targeting Africa. (ITWeb)

Digital Economy Google has committed $4 million (R64 million) to fund 60 eligible black-founded start-ups across Africa. The internet firm yesterday opened applications for the second cohort of the Google for Start-ups Black Founders Fund for Africa. The fund was launched in the wake of the 2020 Black Lives Matter movement as part of Google’s racial equality […]
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The battle of African female startups: For every $1 invested in women, $25 goes to men (News24)

Africa’s female entrepreneurs, like their US and European counterparts, are underrepresented when it comes to raising funds. Their startup journeys are also often a lot more arduous, say investors like Polo Leteka, co-founder of Alitheia IDF, the continent’s largest gender-led fund. The issues are “probably more pronounced here because we have more underlying problems”, said Leteka, pointing to her own experience with tapping […]
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MTN rolls out R2.2bn Gauteng township investment (ITweb)

MTN’s investment comes on the back of growing emphasis by the provincial government for business to help formalise township-based enterprises and provide support for such businesses. Last month, the Gauteng Legislature passed the Township Economic Development Bill, saying it helps to economically empower townships and disadvantaged communities. Now, MTN says its infrastructure investment will help […]
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This investor wants to invest R290m into 20 SA businesses. But they must be ‘revolutionary’(BI)

SA does not take startups seriously Though Akindele wants to do deals across the globe – as long as they benefit Africa – he is keen to invest in South African ventures. Platform Capital set up offices in Johannesburg nine months ago and aims to invest $20m in 20 South African businesses a year. The […]
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There is nothing small about the impact small businesses have on our economy.(bizcommunity)

Small businesses and start-ups provide more than just jobs for community members. They also can improve innovation and productivity on a local level and use other businesses in the community such as accounting and IT, while larger businesses develop their own infrastructure. With more support, small businesses have the potential to breathe new life into […]
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Education, agricultural productivity, ECD and service delivery can reduce inequality in Southern Africa (EN)

The report posits four main policy areas that must be accelerated to reduce inequality. The first is promoting equality of opportunity. Improving the efficiency and inclusivity of public service delivery can help equalize opportunities, the report notes. The second policy area is addressing the highly skewed distribution of productive assets. Generating jobs for the growing […]
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Decolonising oil and gas could create an era of prosperity for SA (Moneyweb)

South Africa can join the natural resources supercycle and create millions of jobs within a decade, but it needs the right regulatory and fiscal regimes. As oil prices head towards $100 a barrel (bbl), this will be reflected in higher prices for refined petroleum products such as petrol, diesel, liquid petroleum gas (LPG) and paraffin. […]
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Key trends and opportunities in the South African Construction Industry to 2025: Rebound forecast for 2022 (BW)

The construction industry in South Africa is expected to rebound in 2022, and expand by 9.1% in real terms. The industry will then stabilize at an annual average growth of 3.1% between 2023-2025, although output will not return pre-pandemic levels during the entire forecast period. The industry’s growth over the forecast period will, however, be […]
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Four marketing trends businesses should explore in 2022 (MU)

With every new year comes new consumer spending habits, making it increasingly important for businesses to adapt and stay relevant to their customers, says Grant Kruger, business lead of ID / IT/ solar at LG South Africa. Kruger adds that the pandemic has certainly set the trend across the retail industry and will likely continue […]
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Trends shaping South Africa’s Global Business services industry in 2022 (EN)

There has been a marked increase in the number of first-time outsourcers looking to offshore their customer-service, back-office and technical support functions to South African BPO providers than ever before. Without a doubt the consequences of the pandemic are playing a big part in this shift and I don’t believe this is temporary either. Organisations will […]
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