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Showing posts with the label Africa

AfDB PRESIDENT CALLS ON U.S. TO INVEST IN AFRICA

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President of the African Development Bank Group, Dr. Akinwumi Adesina, is encouraging U.S. investors to invest in Africa to help group both parties. He makes this statement on Wednesday, July 21, 2022, at the U.S.-Africa Summit in Marrakech, Morocco. In the speech, he made known the successes, advantages, and resources that Africa is capable of using to compete in the world market. He states the Dangote urea plant, natural gas alternatives, and lithium-ion for electric vehicles among others, as reasons to attract investment opportunities from the U.S. “Africa…offers a very profitable investment destination. Savvy investors know that if you are not investing in Africa, you are really missing out on the world’s leading investment opportunities frontier…I really believe that this is the time for US investors to rapidly move into and invest massively in Africa. There is always a first-mover advantage, and opportunities wait for no one. ”, he said. The summit, dubbed “Building Forwar...

UNCAP OFFERS OPPORTUNITY FOR START-UP CAPITAL FUNDING

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Award-winning FinTech Company, Unconventional Capital (Uncap) has opened applications to entrepreneurs of start-up ventures to apply for access to their early-stage capital. In a statement released, the company seeks to invest between 10,000 to 50,000 Euros (GH ¢ 83,000 to 414,500) into selected entrepreneurial ventures to help improve its impact. Founder and Chief Executive Officer of Uncap, Franziska Reh has reiterated her outfit’s commitment to providing the necessary resources among others to help build selected businesses. “We are currently working on complementing our support to entrepreneurs with tools to diagnose your current gaps, access to the right resources and support providers as well as hopefully soon, automated connections with follow-on funding.” According to them, the founders of these start-ups will undergo assessments and questioning during their application to quantifiably assess “the founder’s ability to grow and scale a great business.” Investment Pri...