insert_link Business / Economics Women and finances in Namibia By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia As we celebrated international Women’s Day on 8 March 2024, a global day of celebrating the socio -economic achievements of women, while honouring the valuable contributions to society, it is important to reflect how far we have come. One aspect that remains important to note is that we still have a long way […] todayMarch 11, 2024 17
insert_link Africa Zimbabwe’s “Biker Queen” rides full throttle against gender norms By Mike Saburi, via bird story agency Evonne Mudzingwa is in her happy place. The roar of an engine at full throttle is music to the ears of Evonne Mudzingwa and the glint in her eye is from light reflecting off brilliant chrome on powerful two-wheelers filling a parking lot in Harare. It’s a Sunday afternoon, which means the country’s highways have little traffic - every biker’s dream. […] todayFebruary 22, 2024 28
insert_link Business / Economics Jobs in South Africa: the labour market is recovering from COVID – but unskilled and less educated people are still being left behind By Derek Yu, University of the Western Cape For more than three decades the South African economy has had very high rates of joblessness. The country’s economy has been unable to create enough jobs for its growing army of workers. This has partly been because of the stagnant economic growth rate of only 1.7% during the 2010s (it was even lower at 0.9% in 2015-2019). Another factor […] todayFebruary 20, 2024 11
insert_link Business / Economics Investment in African women-founded and led startups remains a bright spot in a global ecosystem drained of funding. By Conrad Onyango, via bird story agency Africa’s women-led startups retained their sparkle through 2023, against the backdrop of one of the darkest periods for global startup funding, raising US$200 million, 7% growth over the previous year, according to a report from Africa: The Big Deal. In 2022, these female-founded ventures had grown by 4%. The amount remains significantly lower than the US$ 2.7 billion raised […] todayFebruary 9, 2024 7
insert_link Business / Economics South Africa is failing people who aren’t poor, but aren’t middle class either By Tinashe Mushayanyama, University of South Africa; Adrino Mazenda, University of Pretoria; Margaret Chitiga-Mabugu, University of Pretoria, and Mary Mangai, University of Pretoria Many South African households are trapped. They are neither poor nor middle class. As a demographic they hover above the indigence threshold financially. But they are not yet securely in the middle class. This aspirant middle class – individuals whose income is above the indigent […] todayJanuary 30, 2024 19
insert_link Africa UNDP’s New $1 Billion Fund Could Boost Africa’s Tech Startups Globally At the World Economic Forum in Davos, Switzerland, in January, Presidents Nana Akufo-Addo of Ghana, left, and Paul Kagame of Rwanda helped launch the United Nations Development Program’s investment fund directed at tech startups in Africa. Called Timbuktoo, it could cushion the bearish state of venture capital globally. WEF2024 By Damilola Banjo via PassBlue Venture capital funding is shrinking globally, but experts are optimistic that a new $1 billion investment […] todayJanuary 30, 2024 34
insert_link Business / Economics As equity deals continue to decline and volumes dry up worldwide, African startups are increasingly relying on venture debt to stay afloat. By Conrad Onyango, bird story agency In 2022, when funding from venture capitalists began to dry up in Africa, Treepz, a shared mobility startup, was faced with a difficult decision... throw in the towel or grow the business without new investors. As part of their decision to keep going, they changed their core business model. “Towards the end of 2022, we knew the funding draught would happen in Africa. We […] todayJanuary 24, 2024 4
insert_link Business / Economics Namibia wins ‘Best Start-up Ecosystem in Africa’ award Namibia has been awarded the Best Start-up Ecosystem in Africa. The award, received by the Namibia Investment Promotion and Development Board, recognises the country’s dedication to fostering innovation, cross-continental collaboration, and entrepreneurship. Here is Danny Meyer, the Director of SME Compete reacting to the news. todayJanuary 11, 2024 57
insert_link Africa From nursing dreams to snail farmer: Ama Serwa Ennin cultivates success in Ghana’s booming snail ndustry By Sefakor Fekpe, via bird story agency Ama Serwaa Ennin squats in a greenhouse, proudly showing off her farming produce, her hands full. What she's holding is her source of pride and future income. But this is not grain or legumes or even beans of the sort usually proffered up in tales of African farming success. Instead, her hands are holding two snails - giant African snails, to be […] todayJanuary 9, 2024 63