George, a delivery executive, lives in a modest home on the outskirts of Nairobi. He unplugs the wire that charges his shiny new electric bike, presses a tiny switch bringing the quiet engine to life, and rides off to deliver happiness in the form of food. George is part of a large cohort of gig-economy workers who swears by this innovation. The post Dynamics of Electric Mobility Transition in Kenya appeared first on AfricaBusiness.com ..read more

Pan-African Program Adds New Hires, Kicks Off Founder Immersion Networking Trips, Ecosystem Collaboration The post PRE-SEED INVESTMENT PROGRAM MADICA ANNOUNCES FIRST SET OF AFRICAN TECH PORTFOLIO COMPANIES appeared first on AfricaBusiness.com ..read more

Discover the allure of Rixos Premium Alamein, the latest addition to Egypt's Mediterranean coast. This exquisite resort combines elegance, ultimate comfort, and indulgence, inviting guests to embark on an unforgettable journey of luxury and leisure. The post Rixos Premium Alamein Opened its Doors as a New Haven on Egypt’s Mediterranean Coast appeared first on AfricaBusiness.com ..read more

The first Earth Day on 22 April 1970 mobilised millions of Americans from all walks of life to birth the modern environmental movement. The post World Earth Day 2024 Matters in South Africa appeared first on AfricaBusiness.com ..read more

Africa’s Leading Early-Stage VC Surpasses Target for Its Second Fund, TIDE Africa II, Focused on Seed & Series A Companies The post TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million appeared first on AfricaBusiness.com ..read more

As interest rates remain stable against the backdrop of a challenging economic climate, banks are being pushed to innovate and offer more competitive home loan terms to attract customers. This environment has given rise to a practice widely adopted in the UK but is yet to reach a tipping point in South Africa: bond switching. [...] The post Increased competition and bond switching set to shake up the SA property market appeared first on AfricaBusiness.com ..read more

This pioneering research, conducted in partnership with the Mastercard Foundation and with the support of the Bill & Melinda Gates Foundation explores the pervasive digital workplace landscape in Africa and Indonesia. The research reveals the scale of dependency millions of Africans have on digital marketplaces for their livelihoods, where 27% of Kenyan farmers claim to use Meta (Facebook) to sell information and buy produce. In examining marginalised groups, people with disabilities shared in-depth accounts of challenges faced with their user experience, such as a lack of screen-reading t ..read more

After returning to its pre-pandemic level as early as in 2022, Club Med, pioneers of global all-inclusive holidays, reached nearly 2 billion Euros in business volume for the first time in its history. Club Med's record business performance in 2023 is the result of the transformation of its business model towards an upscale, glocal and happy digital offering, initiated in 2004. In 2023, 97% of the Resort portfolio consisted of Premium and Exclusive Collection Resorts and will achieve 100% by April 2024. The post Club Med reaches nearly 2 billion Euros in business volume for the first time in it ..read more

Africa’s data centre market is growing at an unprecedented rate, driven by increasing internet penetration, rapid adoption of cloud computing, and soaring demand for digital services. As the continent embraces the digital revolution, the data centre market is projected to reach over $7 billion by 2028, an annual growth rate (CAGR 2024-2028) of 7%. This growth is not only transforming Africa’s digital landscape but also presenting significant opportunities for investors, technology companies, and local businesses. The post Africa Data Centre Market is Projected to Reach $7bn by 2028 appeared fi ..read more

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap. The Fund, which was significantly oversubscribed, attracted commitments from new and existing investors globally. The post Adenia Closes Fifth Flagship Fund Oversubscribed at $470M appeared first on AfricaBusiness.com ..read more