Day: April 13, 2019

Ghanaian Vice President Visits New York

Government to introduce e-visa

Ghanaian Vice President, Dr. Mahamudu Bawumia, has indicated government’s effort to introduce electronic visa to ease the acquisition of Ghanaian visas.

He made this known, when he met with members of Ghana Chamber of Commerce in New York, as part of his official visit to the United States of America.

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Tunisia’s AfricInvest partners with Cathay Innovation launch $170 million fund to invest in African startups

Zubair Naeem Paracha

Tunisian private equity firm AfricInvest that has $1.5 billion in assets under its management, is partnering with San Francisco-based Cathay Innovation, a global VC fund created by French PE firm Cathay Capital, to launch Cathay AfricInvest Innovation Fund, the two organization announced in a joint statement earlier this week.

The fund, with a projected size of about $170 million (€150 million) which could make it one of the largest VC funds in Africa, will invest in technology startups all across Africa.

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Dhat Gyal To Perform @ Chicago Ghanafest

Afro-pop artiste Ernestina Afari, known in the showbiz scene as Dhat Gyal, has been invited to perform at an event dubbed ‘Chicago Ghanafest’ in Chicago, United States of America.

The two-day event, which is expected to attract Ghanaians living in the United States of America and Canada, will take place on Saturday, July 27 and Sunday, July 28 at the Washington Park, Chicago in USA.

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Jumia Surges on U.S. Debut as Africa’s Amazon Goes Public

By John Bowker
  • Online retailer valued at over $1.9 billion in Friday tradingBerlin-based company is looking to raise profile, boost growth
  • Berlin-based company is lookig to raise profile, boost growth

Jumia Technologies AG shares soared by 75 percent on their first day of trading in New York, as investors rushed to buy into the company’s plans to extend online shopping services across Africa.

The stock traded at $25.46 as of 4:34 p.m. local time on Friday, valuing the company at more than $1.9 billion. Jumia earlier raised $196 million with the sale of 13.5 million American depositary receipts at $14.50 each.

The listing caps seven years of growth for Jumia, which was founded by 38-year-old French entrepreneurs Sacha Poignonnec and Jeremy Hodara in 2012 and now has more than 4 million customers in 14 African countries. While the retail platform isn’t profitable, sales jumped by almost 40 percent last year to 130.6 million euros ($147.3 million)

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How Delta Could Help Kenya Airways Launch an Atlanta-Nairobi Flight

By Trevor Williams

Atlanta is in the flight plan for Kenya Airways, a SkyTeam partner of Delta Air Lines Inc. which could eventually fulfill the latter’s decade-old effort to link its hometown and Nairobi, Kenya’s capital.

Kenyan Ambassador to the U.S. Robinson Njeru Githae told Global Atlanta that his country’s the flag carrier is eyeing links with Washington, then Atlanta, following the opening of a nonstop route to New York’s John F. Kennedy International Airport last October.

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Thutmose experiments with genres while honoring his Nigerian roots

By Christina Cala

Thutmose is the name of an ancient Egyptian pharaoh, but it’s also the stage name of Nigerian-born rapper and songwriter Umar Ibrahim. After immigrating with his family to Brooklyn, N.Y. at the age of 8, Thutmose grew up caught between the America he was experiencing and the America he imagined.

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