News

Glovo Is Making In-Roads into the African Market Glovo, the on-demand delivery firm, is eyeing up more territories beyond Europe by inching further into Africa. The Barcelona company, which raised €450 million earlier this year, is investing €50 million over the next 12 months in expanding its presence with launches in Ghana and Tunisia. PawaPay …

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Mastercard Finds 78% of SMEs in Retail Across Middle East and Africa Optimistic About Future Growth Despite the overall negative impact of the pandemic on economies, reports show that most SMEs in the retail sector across Africa and the Middle East are optimistic about the next 12 months.   Kenya is Moving Aggressively to Tax …

African Ally Weekly Business Summary – South Africa’s Economy Is $37 Billion Bigger After Revision Read More »

Get to know major highlights and updates on African business opportunities, developments and events for the week.  OPEC Fund for International Development supports Africa Finance Corporation (AFC) with a $50m loan for Africa’s post-Covid recovery This bond represents the first direct financing co-operation between the two institutions. AFC is a financial institution with 28 member …

Africa’s Free Trade Bloc to Boost Uk-Africa Trade and Investment Read More »

Here are this week’s news highlights and updates on African business opportunities, developments and events. African tech startups raised over $700 million in 2020 despite pandemic Despite the pandemic, the African tech ecosystem has set 2020 as a record year by having total funding of $701.5 million for 397 startups compared to 311 startups that …

African Ally Weekly Business Summary – African Tech Startups Raised $701 million (USD) in 2020 Read More »

Here are this week’s news highlights and updates on African business opportunities, developments and events. African Business Councils Applauds Trading based on AfCFTA In a bid to boost the Intra-African Trade, the Pan-African Private Sector has shown its support for the launch of trading based on the AfCFTA agreement. In a press statement, Ms Amina …

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