A humanitarian crisis is taking place in the Horn of Africa. The shadow of the worst drought in decades is about to take the lives of millions. Ethiopia, Somalia, and Kenya struggle to find enough food to eat. Millions have fled their homes, especially after the prediction of a dry raining season. This famine is […]
Africa
The horn of Africa is starving. Forecasts are indicating an underwhelming rainy season for the last month of 2022. Famine in African countries has reached its fifth consecutive dry season in significant parts of Ethiopia, Somalia, and Kenya. This year is the driest in 70 years, putting millions of lives in danger of starvation by […]
Johannesburg, South Africa – 9 November 2022: NAPAfrica, the continent’s largest internet exchange point (IXP), celebrates its ten-year anniversary this month. This is largely thanks to the continuous support of loyal members and a like-minded community seeking to play a pivotal role in transforming Africa’s internet access and interconnection. Established in 2012 and running from […]
African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16 percent despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. […]
A Nigerian man has launched a project called “Looty” to reclaim African artifacts stolen by European colonisers by creating 3-D images of them, selling them as non-fungible tokens (NFTs) and using the proceeds to fund young African artists. Calls for objects stolen during the colonial period to be returned to their places of origin have […]
Alphabet Inc’s Google is investing in its first ever Africa product development centre in the Kenyan capital Nairobi, it said, as it positions itself to serve a growing base of internet users on the continent. By the end of this decade, the continent will host 800 million internet users, the California-based firm said, and a […]
The World Health Organization (WHO) announced that the six African countries would obtain technology to tool them with the needed means to produce their own COVID-19 vaccines. In an effort to minimize global reliance on vaccine manufacturing from companies outside the continent, the WHO added Egypt, Tunisia, Kenya, Nigeria, Senegal, and South Africa would have […]
In a report released by the Tony Blair Institute for Global Change, Africa could be taking the lead in securing whopping funding exceeding $90 billion by 2030 for tech startups, once policymakers drive growth by trailing essential reforms. The British institute estimated in its report a business-as-usual scenario compared to an enhanced policy-environment scenario by […]
Kenya-based Business to Customer e-commerce company, Copia Global, secured a $50 million funding in a Series C equity round directed by Amsterdam-based Goodwell investments. The financing round admits a variety of investors, including “Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), Koa Labs, Loghtrock, German development finance institution (DEG), and Perivoli Innovations,” according […]
Two early-stage investors riding the modernization wave of the African continent have expressed interest in listing a blank-check company focusing on technology companies in the region. Vishal Agarwal, an investment banker, and Raj Kulasinggam, a corporate lawyer, are seeking out the possibility of pouring investments into Africa, following the success of similar investors in companies […]