Breaking Business and African Startup news today which Includes: NIFC to establish a $500 million fund to back Kenyan startups, Kenya's NCBA Buy-out by Nedbank Completed, Major Fuel Storage and Pipeline Project Starts in Namibia, New GDP Numbers lifts Ethiopia to sixth Largest African Economy and Mozambique’s Council of Ministers approved a $622 million disaster contingency fund.
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miningCummins has introduced a new 29-litre mining engine designed for haul trucks and excavators, targeting lower fuel consumption, greater power density and compatibility with alternative fuels. The S29 is expected to become available globally in late 2027.
Business SchoolA customer asks for 10% off. For a small business, that decision can have a bigger effect on the money left after each sale.
investmentsA serious accident or medical emergency in a remote part of Namibia can leave hospitals with a difficult decision: how do they get a critically ill patient to specialist care when the nearest referral hospital is hours away?
agricultureBuying crops from farmers is only the first expense for a food processing business. The produce still has to be cleaned, prepared, processed, packaged and stored before it can reach shop shelves. All of this costs money, often well before the business receives payment from its customers.
energyMozambique's state-owned oil and gas company, Empresa Nacional de Hidrocarbonetos (ENH), has started participating directly in offshore drilling operations for the first time through its joint venture with Italian engineering group Saipem.
energySmall businesses in parts of Luanda could get some relief from electricity problems as Angola prepares to spend €201.2 million expanding its power network. The project is expected to connect more than 125,000 homes and benefit over 500,000 people in Luanda and Icolo e Bengo.
start-upsCcHUB Namibia has launched a four-week Seedr Design Sprint to help local startups test their products, identify weaknesses and improve solutions before taking them to market.
fintechImporting a car from the United States involves more than finding the right vehicle and placing a bid. The buyer also has to get money to the auction house, often from thousands of kilometres away. For Nigerian entrepreneur Sheriff Adedokun, this became a business problem worth solving.
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