Africa

US Financial Services Giant, Mastercard Acquires Minority Stake in MTN’s Fintech Division.

Jonathan N. LubwamaNews & AnalysisThe Big StoryAugust 14, 2023August 14, 2023

Mastercard Inc., a leading global payments and technology company, has recently announced its decision to acquire a minority stake in the fintech division of MTN Group Ltd., This strategic move…

Inside Hindsight Ventures’ Big Plans for Uganda and Africa.

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipNews & AnalysisJuly 17, 2023July 17, 2023

India is arguably the world’s third biggest startup ecosystem behind the USA and China. But much of India’s boom has happened within the last two decades. Between 2013-2020 Jagruti Bista…

African Startup Funding Declines by 70% in June 2023.

Jonathan N. LubwamaEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryJuly 3, 2023July 3, 2023

Startups raise funding for various reasons that are essential for their growth and success. Firstly, funding provides the necessary capital to support and accelerate the growth of startups. It enables…

Ugandan Startups Should Avoid the Growth by All-Means Mindset. 

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipTechnology & InnovationThe Big StoryJune 12, 2023June 12, 2023

In startups, the “growth at all costs” mindset refers to a strategy where startups prioritize rapid growth and market domination above all else, often disregarding profitability, long-term sustainability, or ethical…

East African Startups Raised the Most Funding in May 2023.

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StoryJune 6, 2023June 6, 2023

As per Africa: The Big Deal, African startups raised $621.8 million from just 34 deals which makes it an average of $18.3 million per deal in May 2023. This is…

How Future Africa’s Olga Kiconco is Charting Her Own Path in Venture Capital.

Jonathan N. LubwamaEntrepreneurshipExecutive ProfilesTechnology & InnovationMay 22, 2023June 6, 2023

When Olga Kiconco finished her Bachelor’s Degree in Telecom Engineering at a university in Malaysia in 2013, she knew it was time to look for jobs. But when she came…

Asset Financing Startup M-Kopa Raises Over $250m Debt and Equity

Jonathan N. LubwamaBanking & Financial ServicesBusiness & MarketsCompany NewsEast AfricaEntrepreneurshipTechnology & InnovationThe Big StoryMay 16, 2023May 16, 2023

African asset financing startup, M-Kopa has raised a combined equity and debt round of at least $250m, the company announced on Monday. This is one of the biggest single funding…