Breaking Business and African Startup news today which Includes: Nigeria's Opay suspends New York Listing, The African Energy Bank is Established, New Banking IPO in BotswanaMTN Nigeria sees 55% profit rise and more.
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start-upsBuilding a local customer base is one of the first priorities for any startup. Founders need paying customers, a product that meets their needs and a business model that can sustain itself. But as the business grows, there comes a point when the local market may no longer offer enough room for further expansion.
sme-sA small engineering company in the Eastern Cape may not have the capacity to build a green ammonia plant, but it could have the equipment, staff or experience to supply some of the work around it.
energyA generator is another expense for a small business that cannot rely on the electricity grid. There is fuel to buy, servicing to pay for and the occasional repair when the machine stops working.
energyBW Energy is reviewing the drilling schedule for its MaBoMo Phase 2 project offshore Gabon after the sinking of the Prospector 5 jack-up rig disrupted preparations for the campaign.
miningEdge Growth has provided R3.5 million in growth debt financing to uNotho Holdings, a 100% black woman-owned mining services company, to help it fulfil a commercial contract with Seriti Power.
fintechLOOP Digital Financial Services, a subsidiary of NCBA Group, has launched LOOP BIZ+, a digital business platform designed to help Kenyan small and medium-sized enterprises (SMEs) manage payments, track inventory, reach customers and access financing through a single service.
agri-techSmall poultry farmers often have to find money for feed, medication and other production costs long before they can sell their birds. Finding a buyer is another challenge.
energyWinning a solar installation contract is only the beginning for companies looking to grow across Africa. Before the first panel is installed, someone has to pay for the equipment, transport, technicians and everything else that goes into getting a project running.
start-upsMoroccan healthcare company ABA Life has signed a $40 million investment agreement with Admaius Capital Partners. The company plans to use the money to grow its medical technology operations, develop its artificial intelligence projects and expand into international markets.
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