In today’s business landscape, small and medium-sized enterprises (SMEs) continue to be the backbone of economies worldwide. In Zambia, SMEs contribute nearly 70% of the country’s GDP and employ the majority of the workforce. Despite their critical role, SMEs often face barriers that limit growth and sustainability, especially when it comes to securing affordable, professional, […]
Kigali has rapidly emerged as one of Africa’s most vibrant entrepreneurial hubs, and at the heart of this transformation is the growing coworking culture. Shared office spaces in Kigali are not just places to work, they are dynamic ecosystems that foster collaboration, innovation, and growth for startups, SMEs, and even global firms entering the Rwandan […]
Africa’s financial and technology landscape is shifting rapidly, with new regulations, digital-first banking entrants, and recapitalisation requirements redefining the operating environment for businesses across the continent. From Nigeria’s Central Bank (CBN) geofencing Point of Sale (PoS) devices, to Kenya’s stricter banking capital rules, and South Africa’s Old Mutual launching a digital-first bank, the ripple effects […]
Nairobi has firmly established itself as one of Africa’s leading startup hubs, with entrepreneurs, innovators, and creatives driving the city’s growing economy. Yet, one of the most critical decisions every entrepreneur faces is where to work. Traditional office spaces in Nairobi often come with long leases, heavy deposits, and hidden overheads costs that can hold […]
In Lagos, where the energy is fast-paced and the hustle culture fuels ambition, startups are constantly seeking ways to stay lean, adaptable, and focused on growth. The city’s entrepreneurial ecosystem is bursting with potential, but traditional office leases rigid, expensive, and often demanding long-term commitments simply don’t align with the dynamic needs of today’s founders. […]
PesaLink, as integrated by NCBA Bank, has made notable progress in offering Kenyans a faster and cheaper alternative to traditional interbank transfers. Its ability to send up to KES 999,999 instantly, around the clock, is a valuable step toward modernizing money movement. However, beneath this innovation lie several gaps that present fertile ground for fintech […]
Brazilian President Luiz Inacio Lula da Silva has once again reaffirmed his country’s position as an open, strategic destination for global investors. Speaking at the inauguration of Chinese automaker Great Wall Motor’s (GWM) new factory in São Paulo, Lula stressed that Brazil welcomes international companies with open arms. The factory, which is set to produce […]
The Central Bank of Kenya (CBK) has taken firm action against the banking sector, imposing fines totalling KES 191 million (about $1.48 million) on 11 commercial banks for breaking important financial rules in 2024. These penalties come as the CBK intensifies efforts to make credit more affordable for Kenyans and to strengthen trust in the […]
Tanzania Fires the First Shot in Restricting Foreign Participation in Selected Business Sectors In a move that has stirred both nationalistic pride and regional concern, Tanzania has enacted the “Business Licensing (Prohibition of Business Activities for Non-Citizens) Order, 2025”, a regulation rooted in its new Finance Act of 2025. This order prohibits non-citizens from participating […]
In a bold move signaling a new chapter in Senegal’s economic journey, Prime Minister Ousmane Sonko has announced an ambitious economic recovery plan aimed at strengthening public finances, boosting domestic revenue, and revitalizing the business landscape. The plan launched amidst rising inflation and post-pandemic recovery struggles emphasizes fiscal discipline, regulatory reform, and targeted tax policies […]
