African Entrepreneurship
Business Verge| Top 10 Business Lessons from African Entrepreneurs You Should Know
African Entrepreneurship Business

Top 10 Business Lessons from African Entrepreneurs You Should Know

Entrepreneurship is often described as the engine of economic growth, innovation, and social transformation. Globally, entrepreneurs drive businesses forward by taking calculated risks, innovating solutions, and creating employment opportunities. Their journeys are filled with challenges, yet the rewards that come with perseverance, discipline, and strategic thinking are immense. This is particularly true in Africa, where […]

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Business Verge| UK Unveils £1.9 Million Sankore Project to Boost Tech in Nigeria and Ghana
Economy Partnerships

UK Unveils £1.9 Million Sankore Project to Boost Tech in Nigeria and Ghana

The United Kingdom has launched the £1.9 million Sankore project aimed at accelerating technological growth in Nigeria and Ghana. Announced by UK Minister for Africa, Lord Collins, the project seeks to foster partnerships with non-profit organizations and UN agencies across both nations to drive innovation. Named after the historical West African centre of learning, the […]

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Xero to Acquire South African SaaS Startup Syft for $70 Million
Partnerships Saas

Xero to Acquire South African SaaS Startup Syft for $70 Million

Xero, a leading global provider of accounting software, has announced plans to acquire Syft, a South African cloud-based reporting and analytics platform, for $70 million. The deal is set to finalise between October and December 2024, pending regulatory approvals. Founded in 2016 by Matt Stephanou and Vangelis Kyriazis, Syft provides AI-driven financial reporting tools to […]

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Starlink's Expansion to South Africa: How Cyril Ramaphosa Is Leading the Charge
Internet Partnerships

Starlink’s Expansion to South Africa: How Cyril Ramaphosa Is Leading the Charge

Elon Musk’s Starlink, the satellite internet service that’s transforming connectivity across the globe, has made significant strides in Africa. With successful launches in countries like Zimbabwe, Botswana, and South Sudan, the service is bringing high-speed internet to underserved areas. However, as Starlink continues its African expansion, one country remains conspicuously absent: South Africa, the birthplace […]

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Namibia Partners with Chinese Firms to Build Its Largest Solar Power Plant for $89 Million | Business Verge NG
Energy Partnerships

Namibia Partners with Chinese Firms to Build Its Largest Solar Power Plant for $89 Million

Namibia has taken a big step toward energy independence by partnering with two Chinese companies to build the country’s largest solar power plant. The project, worth $89 million (N$1.6 billion), will be constructed by China Jiangxi International Economic and Technical and Zhejiang Chint New Energy Development. Project Overview: The plant will be located in Rosh […]

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AI Economy Partnerships

Nigeria Launches N100 Million AI Fund in Partnership with Google to Boost Startups

The Nigerian Federal Government, through the National Centre for Artificial Intelligence and Robotics (NCAIR), has taken a significant step forward by launching a N100 million AI Fund. This initiative, in collaboration with Google, is set to empower local startups working with Artificial Intelligence (AI) to develop innovative solutions across various sectors. The AI Fund will […]

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Economy Partnerships

Huawei Secures $3 Million Cloud Storage Deal with UBA, Expands Influence in Nigerian Banking

In a bid to keep their costs low, Nigerian banks are exploring new options—and Chinese tech giant Huawei is seizing the moment.  Traditionally, Nigerian banks have relied heavily on IBM for storage solutions, an industry standard that has kept Chief Information Officers (CIOs) comfortable in their positions. However, with the rising costs tied to USD-based […]

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Economy Partnerships

Kogi State to Host Nigeria’s $1 Billion Iron Ore to Steel Plant

In a big win for Nigeria’s industrial future, the government has signed a $1 billion deal for a brand-new iron ore to steel plant in Kogi State. The Minister of Solid Minerals Development, Dele Alake, sees this as a major step in the government’s plan to boost local production and create jobs for young Nigerians. […]

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Market Partnerships

Elon Musk’s Starlink Enters Zimbabwe Market: Affordable Satellite Internet at $350

Starlink, the satellite internet company owned by Elon Musk, has officially launched in Zimbabwe, expanding its footprint in Africa. This launch follows three months after securing an operating license from the Zimbabwean government. Starlink’s services will be offered through a government-approved local partner, IMC Communications, further enhancing internet connectivity in the country. Understanding the Pricing […]

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News Partnerships Popular

TikTok Strengthens Safety Measures in Africa Amid Growing Popularity

TikTok is taking significant steps to enhance the safety of its rapidly expanding African user base. The platform, owned by ByteDance, recently launched its first-ever Safety Advisory Council in Africa, a move aimed at tackling challenges like misinformation and protecting younger users from online harm. Africa, home to a tech-savvy and increasingly connected youth population, […]

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