Category: Business

Mathew Knowles, Father of Beyoncé And Solange, Invests in African Music Streaming Startup MEPLAYLIST

BY MURRAY STASSEN |MUSIC BUSINESS WORLDWIDE

Mathew Knowles, the father (and former manager) of artists Beyoncé and Solange Knowles, has made an undisclosed investment in Nigeria-based music startup, MePlaylist. MePlaylist is a music streaming platform founded by Olakunle Oladehin in 2017.

The service is available across Nigeria, Ghana, Kenya, Uganda, Tanzania, South Africa, Zimbabwe, as well as the UK and North America.

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Forget Berkshire Hathaway: This South-African Investment Company Has the Ideal Coronavirus Portfolio

By Billy Duberstein  The Motley Fool |NASDAQ

U.S. investors may not be familiar with Prosus (OTC: PROSY), one of the largest and newest European tech stocks. Prosus is a new company formed last September when South African media and investment firm Naspers (OTC: NPSNY) spun off its global internet investments from its core South African media and e-commerce operations into a stand-alone company.

Continue reading “Forget Berkshire Hathaway: This South-African Investment Company Has the Ideal Coronavirus Portfolio”

Ethiopian Jewelers Take US, Europe and Asia Markets

Ethiopian startup Yenaé is building a fashion jewellery brand that offers culturally curated and African-inspired collections to customers all over the world. 

Launched by two female Ethiopian-American entrepreneurs, Felekech Biratu and Seble Alemayehu, Yenaé was established in December 2015 but officially launched in November 2018. 

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IHS Hires JPMorgan, Citi for Record African IPO in U.S.

By Dinesh Nair, Myriam Balezou and Loni Prinsloo Bloomberg

Wireless towers operator IHS Holding Ltd. has hired banks to oversee what may be the biggest initial public offering of an African company in the U.S., according to people with knowledge of the matter.

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A look at the Ghanaian firm that saved a failing bank in the U.S. with $9 million

By MILDRED EUROPA TAYLOR 

Four years ago, a bank in the United States was on the verge of collapsing when a Ghanaian firm came to its rescue. The Ghanaian firm Groupe Nduom, an entrepreneurial and enterprise building firm then operating out of West Africa and the UK, donated as much as $9 million into the ISF Bank to revive its struggling operations.

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Power Africa summit to welcome 370 investors and stakeholders in Miami

The 6th Powering Africa: Summit at the JW Marriott Hotel in Miami will host over 300 investors and public and private stakeholders across Africa’s energy sector.

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Fava Pot Bringing Egyptian Street Food to Rosslyn

By Ashley Hopko

International foodies in Rosslyn will have another eatery option with the upcoming expansion of Fava Pot.

The restaurant — Egyptian Street Food by Fava Pot — is expected to open in September, just in time to celebrate the local chain’s 3rd anniversary, according to owner Dina Daniel.

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African Chop: Eclectic Instapot of Flavors in Los Angeles

by Lena Nozizwe

Food is so ingrained into the culture of Cameroon that even the West African country’s name, camarão, means shrimp in Portuguese. Throw in some 250 ethnic groups and the influences of colonization by Germany, France and the United Kingdom. Add the Portuguese explorers who named the country after a crustacean and you get an eclectic Instapot of flavors. Flavors served up in African Chop, as far as I can tell the only sub-Saharan African food truck in Los Angeles, California.

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Where to find pepper soup, suya, jollof rice, and more in Houston, Texas

by Sonia Chopra

Houston is often called the most diverse city in America, and the influence of immigrant communities has a huge impact on its food. In Houston, most of the West African population is Nigerian, but people, and ingredients, from Senegal, Liberia, Ghana, and other countries in the region also continue to make their mark on the local food scene. Popular dishes found in Houston range from suya and jollof rice to peanut soup and plenty of other stews.

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Kenyan Themed Restaurant Overwhelming US Capital


By EZRA MANYIBE

Located at the heart of Washington, District of Columbia, USA is a restaurant, Safari DC famed for the Kenyan cuisines it dishes out and is the only Kenyan themed eatery in Washington DC.

The restaurant has hosted a number of prominent persons from Kenya when they made their trips abroad, most notably President Mwai Kibaki, ODM leader Raila Odinga, Kalonzo Musyoka, Keneth Matiba, and Mama Sarah Odinga the Standard reported.

Many people that have visited the restaurant, shower it with praise stating that it gave them a taste of Africa and the zeal of African food. It has established itself as a fan favorite among Kenyans and Africans in the larger DC metro area.


“Once you walk in here, you are an African and we love to eat, talk politics and interact with each other,” Everitus Kalaba then a Consular official from Zambia described the restaurant.

The restaurant was founded by William Mukabane and his wife Alice. Coincidentally, Mukabane left for the US to pursue the American dream the same day President Jomo Kenyatta passed on, August 1978.

After doing manual jobs at various restaurants, he pursued hotel Management and classical french cuisine, served as a chef and later branched out to start the restaurant.

A yearn for Kenyan food ignited the desire to establish a restaurant majoring in African delicacies.

Talks of the restaurant as an authentic Kenyan cuisine joint attracted people across Washington DC, inking its name among fan favourites.

A corner of the restaurant is dedicated to US’s 44th President Barack Obama and was christened the Obama shrine.

During Obama’s inauguration, it hosted his grandmother, Mama Sarah Obama and several Kenyan dignitaries who were set to attend the function.

A section of Safari DC, a Kenyan-themed restaurant in Washington DC.
A section of Safari DC, a Kenyan-themed restaurant in Washington DC.
She came in at around 10 am and left at 3 pm. I treated them to Tilapia, Samosas, Kenyan sausages, chapatis, nyama choma,” Alice recounted.

The hotel features cuisines such as grilled meat, staples such as collard greens, cassava, and grains.

In 2017, the restaurant was acquired by David Laichena, a Kenyan, and he along with his partner continued the Kenyan theme for the restaurant.

According to American publication Petworth news, some of the chefs at the restaurant are Kenyans. And Laichena constantly liaises with the Kenyan embassy to import Kenyan chefs for the restaurant.

For its African dominated menu, the restaurant imports a majority of the foods from Kenya. Kenyan tea including spiced masala tea, Arabica coffee from Kenya, Tilapia from lake victoria, Farmer’s choice pork sausages.

The soothing Kenyan music that plays in the background adds to the African experience the restaurant’s clientele seeks.

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1000-Year-Old West African Ginger Drink Gets New Life in Harlem

At Ginjan Café, founders Mohammed and Rahim Diallo aim to paint a more complete picture of Africa.

By Vonnie Williams

1000-Year-Old West African Ginger Drink Gets New Life in HarlemAt Ginjan Café, founders Mohammed and Rahim Diallo aim to paint a more complete picture of Africa.

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Nigerian ‘unicorn’ Interswitch sells stake to Visa

By Libby GeorgeAlexis Akwagyiram

(Reuters) – Visa Inc (V.N) will buy a significant minority stake in Nigerian payments platform Interswitch, creating “an instant acceptance network across Africa” that will help drive expansion, both companies said in a statement on Tuesday.

Interswitch and Visa did not provide financial details but a source confirmed media reports that Visa would buy a 20% stake for $200 million.

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African food truck diversifies food scene in West Campus in Austin, Texas

BY SARA JOHNSON

A new food truck opened last Wednesday behind the University Co-op, bringing the taste of African cuisine closer to campus.

African Delights offers a small, seasonal menu of West African cuisine and operates between 11:30 a.m. and 2:45 p.m., according to a sign on the front of the food truck.

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President Uhuru Kenyatta woos American investors to Kenya

President Uhuru Kenyatta has asked US investors to make Kenya their investment destination of choice in Africa.

The President said his Administration’s Big 4 Agenda, particularly the manufacturing component where the Government’s plan is to lift the sector’s contribution to the economy from the current 8.4 percent of GDP to 15 percent by 2022, offers limitless investment opportunities for US companies

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Egyptian Coffee Shop in New York stakes claim to being first hookah lounge in America

Sip coffee and talk politics at this landmark cafe in Astoria’s Little Egypt, a contender for the title of America’s first hookah bar. 

By REINA GATTUSO

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