Tag: African businesses in America

How Flutterwave has helped small African businesses during lockdown

By Vicky McKeever | CNBC

US-Nigerian fintech company Flutterwave has created an e-commerce platform for African companies, becoming the latest start-up to see opportunities in the lockdowns that have been imposed as a result of the coronavirus.

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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.

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The African Diaspora Network Gives Africans Living Abroad A Pathway To Invest At Home

By Meghan McCormick |Forbes

Global remittances to Sub-Saharan Africa (SSA) grew by 10% to $46B in 2018 (the last year for which we have complete data from the World Bank). Remittances, or money sent as a gift typically from family members working in a high-income country to family members living in low- or middle-income countries, are an important part of the global economy. They account for more transfer of funds to SSA than aid from the top 10 donor countries and institutions. The money sent to Africa through remittances is actually larger than many African-country GDPs. Remittances would be the 12th most productive economy in SSA, just behind the Democratic Republic of the Congo and ahead of Côte d’Ivoire.

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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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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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Liberian Journalist turns US Insurance Guru

By Nathan Charles

Cross the Atlantic Ocean from his native homeland Liberia, Mr. Peter Massaquoi, had big dreams of becoming successful in the United State but had no idea of venturing into the insurance business.

Peter like many other Liberians and decedents of African, Asian, European countries who come to the USA via the Diversity Visa Program only think of working for other people or companies and earning money to improve their living conditions. 

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