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Category: Business

Empowering Youth in Africa- Employment and Entrepreneurship in the Food Sector. -Strive Masiyiwa.

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Generation Africa: Celebrating Africa’s young agripreneurs __Case studies: Moving from pitches, to prizes, to profits! Today I wanted to share this video from Davos in January and also to update you on some of the exciting achievements of our young finalist #agripreneurs since the GoGettaz Agripreneur Prize Finale Pitch contest last year in September in Ghana. These young entrepreneurs are the future of our…

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Do you do business with the wealthiest African nation? (Part 2) – Strive Masiyiwa.

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__How to develop a product for @DiasporaNation. As I wrote last week, there are an estimated 50m+ Africans working and living outside their home countries today. We generally refer to this collection of communities as the “Diaspora,” so I coined the phrase “@DiasporaNation”. According to official statistics, these guys send home about $65bn per year. If this is 10% of…

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Many Ugandan ‘experts’ seem to be very good at identifying what can’t work. – Amos Wekesa

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Meanwhile, thank you all for the overwhelming birthday wishes on the 22nd April. I tried to read all but eh, I failed…Mwebale! Well, that’s not the main reason am posting something on my timeline today, Nedda! Something has been making me very mad. In the last 2 months, I have been engaged in very many meetings mainly on Zoom. These…

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Warner Music Group to enter many African markets through Investment in African Music Company Africori

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The deal gives Warner Music’s ADA division access to Africa’s largest catalogue and A&R network, as well as enabling WMG to establish a presence in many African markets for the first time. ADA will work closely with Africori to distribute and promote its artists internationally through Warner Music’s global network. It will support Africori’s distribution activities on its existing catalogue…

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Total Acquires Tullow Entire Interests in the Uganda Lake Albert Project

Dauglas Ssempijja

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Tullow have entered into an agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when the partners take the Final Investment…

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Facebook Strikes $5.7 Billion Deal With India’s Richest Man.

Dauglas Ssempijja

Facebook has become the largest minority shareholder in Indian oil and telecoms tycoon Mukesh Ambani’s cut-price Jio mobile internet network with a $5.7 billion deal. KEY FACTS Facebook and Jio said they planned to work together to connect India’s army of 60 million small shopkeepers, known locally as kirana, with WhatsApp users via the mobile network’s eCommerce platform. The deal is Facebook’s largest…

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African Union Development Agency and Ecobank Group to support African Micro-Small-Medium Enterprises

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MSMEs which form a large part of individual economies in Africa have little or no absorption capacity to the effect of the pandemic AUDA-NEPAD Chief Executive Officer Dr. Ibrahim Assane Mayaki and Ecobank Group Chief Executive Officer Mr Ade Ayeyemi have agreed to collaborate on a continental initiative to support African Micro and Small-Medium Enterprises (MSMEs) as they face the…

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Brand Finance ranks MTN Group as Africa’s top telecoms brand.

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MTN has been awarded the most valuable telecom brand in Africa in a recent annual report by Brand Finance, a leading independent brand valuation consultancy. The report stated that MTN’s brand value was boosted by a solid overall performance for the year, despite challenging economic conditions and regulatory challenges in some markets. Brand finance also recognised MTN for its focus…

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