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.
Continue reading “Tunisia’s AfricInvest partners with Cathay Innovation launch $170 million fund to invest in African startups”
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.
Continue reading “How Delta Could Help Kenya Airways Launch an Atlanta-Nairobi Flight”
Leading e-commerce platform in Africa announces the addition of the NBA player and tech “ambassador” on its board.
Andre Iguodala, a member of the three-time reigning NBA champion Golden State Warriors, has joined the Board of Directors of Jumia, the leading e-commerce platform in Africa.
As Jumia’s ambassador charged with promoting business development and technology in Africa, Iguodala will bring his network in the technology industry, interest in Africa and vast experience as an athlete on one of the most successful teams in NBA basketball history.
Andre Iguodala plays for the three-time reigning NBA champion Golden State Warriors and is widely recognized for his interest and knowledge in technology and e-commerce. And as a member of the Board and a Jumia’s ambassador, he is charged with promoting business development and technology in Africa.
Andre Iguodala who has a strong Nigerian heritage hopes to use his success in basketball to improve life in Africa.
Continue reading “NBA Basketball Star, Andre Iguodala Joins Jumia Board of Directors”
Following a successful inaugural event in 2018 held in Bentonville, Arkansas; home to world’s leading retailer and Fortune #1; Walmart, global business leaders, trade experts and policy representatives of U.S. and African countries will convene for the 2nd
edition of the “Trade with Africa Business Summit” in Chicago.
This event positions the Chicago Metropolitan area and the State of Illinois as a favorable destination for Africa’s business & political leaders looking to create new trade partnerships in the U.S.
Theme of the 2019 event is: Growing U.S. – Africa Trade, Trade Financing & Developing Africa’s Supply Chain. Africa offers new markets for U.S. made products. Similarly, U.S. serves as an untapped market for authentic African products (raw and manufactured). Trade with Africa Business Summit 2019 helps fast-track such discussions with stakeholders from the world’s next economic frontier; Africa. Continue reading “U.S. to host Trade with Africa Business Summit”
Nigeria’s Green Africa Airways is off to a flying start with the launch of its commercial operations, thanks to a commitment for the world’s largest aircraft manufacturer. Boeing and the Lagos-based airline inked an $11.7 billion deal for up to 100 737 MAX 8 aircraft, evenly split into 50 firm aircraft and 50 options, Boeing announced in a Dec. 21 press release. The agreement is the largest aircraft deal for the African continent to date.
Continue reading “Nigerian Airline, Boeing Announce Largest Aircraft Deal in Africa to Date”