‘BUSINESS’ News

Youth And Entrepreneurs Set To Benefit From AfricaWorking, A New Initiative

AfricaWorking AfricaWorking, a new initiative by Barclays Africa, Emerging World, FranklinCovey, Knod, Safal Group, Microsoft and Syngenta is set to support 200,000 youth and 50,000 entrepreneurs. The new association will seek to channel the collective power and voice of the private sector in order to make...

Microsoft Is Buying LinkedIn For $26.2 Billion

microsoft In what is being considered as the biggest tech merger of all time, Microsoft is buying LinkedIn for a whopping $26.2 billion in cash. As the guardian reports, both companies announced the move on Monday.This is Microsoft’s biggest purchase ever and it said that LinkedIn...

Ghana Is The Next Country To Receive Uber After Uganda

Dar es Salaam Just a few days after Uber opened operations in Kampala, Uganda, ItNewsAfrica reports that Ghana will be the next country to receive the service. Accra, Ghana’s capital city will join Uber’s growing network in Africa, a good choice since the city boasts a population of...

Huawei And Vodacom Succesfully Test The First 1Gbps Network In Africa

1Gbps Yesterday in South Africa a telecommunication milestone was achieved as Huawei and Vodacom successfully tested Africa’s first 1Gbps network by aggregating LTE in both licensed and unlicensed bands within the Huawei Lampsite solution. As Huawei reports in a blog post, the peak speed hit over...

Intel Launches A Radio Show To Empower Girls In Nigeria

Intel Intel through their ‘She Will Connect’ program have launched a radio show and a features column that is aimed at providing digital literacy skills to women and girls in Nigeria, Vanguard reports. The move is part of Intel’s efforts in empowering women and girls by...

The Africa Prosperity Report 2016 Is Out

Africa Prosperity Report The Legatum Institute an International think tank that is behind the Prosperity Index released the Africa Prosperity Report 2016 that shows how African countries rank in terms of prosperity. At the top of the list was South Africa, one of Africa”s richest countries and at...

Hello Kampala! Uber Launches in Kampala

Dar es Salaam A few days ago, Uber announced its intention to expand its operations to Uganda, Tanzania and Ghana. Uber made strides in accomplishing this dream as it has finally launched in Uganda’s capital city, Kampala. As ItNewsAfrica reports, Alon Lits, the General Manager of Uber Sub-Saharan...

Uber Is Expanding To Ghana, Tanzania And Uganda

Dar es Salaam Uber is branching out to more African countries. The car-hailing company said that it plans to start operating in the capitals of Ghana, Uganda and Tanzania within a month, AP reports. With operations in Nairobi and Mombasa in Kenya, Lagos and Abuja in Nigeria and...

MIT Global Startup Lab Program Applications Are Now Open

MIT The MIT Global Startup Labs Program is headed to South Africa and  tech entrepreneurs, both new and established have until the end of May to submit their new and innovative tech ideas. The joint initiative by MIT, WITS University and the Johannesburg Center for Software...

VC4Africa Releases Its Annual Venture Finance In Africa Report

VC4Africa The 2016 Venture Finance in Africa research has been released by VC4Africa and it shows that growing investor interest in African startups is resulting in tangible investments. Data from the 2016 research shows that the total invested capital more than doubled from almost $27 million...