Breaking Business and African Startup news today which Includes: Yoco Technologies has closed a $100 million credit facility, Wema Bank awards ₦300 million to 11 Nigerian startups, S&P Global Warns Africa must cut Borrowing, MTN Group Nine-Month Service Revenue Rises 17.2%, and Botswana doubles De Beers stake to 30%.
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start-upsGoogle Play has selected 10 independent game development studios from Nigeria, South Africa, Ghana and Kenya for its first African Indie Games Fund, committing US$1 million to help local developers expand their businesses and reach international gaming audiences.
Business SchoolThis week we take a look at how businesses can better manage their Stock - Lesson 8 of our Business School Series on startup business leadership lessons
Business SchoolA product that sells 100 units a month will usually get more attention than one that sells 60. It moves faster, brings in more sales and appears to be doing a better job for the business.
start-upsThe Botswana Tech Fund has selected seven technology startups from five Southern African countries for its first accelerator investment cohort, committing up to £100,000 per company to support product development and regional expansion.
artificial-intelligenceSenegal has researchers working on artificial intelligence, but getting that work into products that businesses and public institutions can use is a different challenge.
start-upsA music rights company, an event platform and a third creative business have shared $10,000 in grants following a pitch competition in Rwanda.
fintechZyra is betting that people will be more comfortable applying for a loan through WhatsApp than downloading another financial app or going through a traditional bank application process.
start-upsEgypt has graduated 20 startups from the WE Innovate Star programme, an initiative supporting businesses developing artificial intelligence and cybersecurity products.
TechnologySenegal has launched an artificial intelligence hub with the Gates Foundation to help move locally developed AI technologies from research and pilot projects into practical applications in health, agriculture and education.
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