BluePeak Private Capital has announced a $15 million investment in Africure, a pioneering pan-African manufacturer and distributor of quality pharmaceutical goods, to improve access to affordable medicines to treat communicable diseases in Africa. The fund provides a vital capital boost to Africure and supports the company’s plan to strengthen its working capital to support the increased demand for pharmaceutical goods across its more than 10 African markets. The funding further enables Africure to realise its growth ambitions to develop a range of innovative affordable brands that target chronic disease profiles such as cardiac and diabetes conditions. “Africure is a trusted…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
In partnership with the Coca-Cola Foundation, women in Africa (WIA) have initiated a call for entries from women entrepreneurs for its program JAMII Femmes. The program aims to impact 20,000 women entrepreneurs from 10 African countries over the next three years. In its first year, the program aims to support women entrepreneurs in 3 countries: Kenya, Ivory Coast, and Nigeria. JAMII Femmes seeks innovative solutions to bring positive changes in Africa by improving the quality of life for thousands of people and will allow participants to receive support through online training, networking, mentorship, and local boot camps. https://khusoko.com/2022/05/05/application-process-for-stanchart-women-in-tech-to-close-on-may-9/ The first…
Africa Magic in association with MultiChoice has announced the hosts for the eighth edition of the Africa Magic Viewers’ Choice Awards, set to hold on May 14, 2022, in Lagos. The multi-talented Nigerian media personality, IK Osakioduwa, will return to host the award show with South Africa’s media darling, Bonang Matheba, who will be making her hosting debut at the AMVCAs. Bonang Matheba is a multi-award-winning radio host, TV presenter, and style icon renowned for her flamboyant presentation skills and her signature voice on South African radio and television. She has hosted several award shows and prominent events, including the…
The application process for admissions to Standard Chartered Women in Technology Incubator Kenya, Africa’s leading incubator programme for female-founded businesses will close on Monday. The Women In Tech program is an initiative to support women-led start-ups that utilize technology to drive productivity, with training, mentorship & seed funding of $10,000 for five selected businesses. StanChart Bank Kenya has partnered with @iBizAfrica-Strathmore University to roll out this 5th cohort of the Women in Tech incubator programme. Advancing global trends in women-owned businesses are the programme’s theme this year. The Eligibility criteria The business must be based in Keny; aligned with the…
Michael Mutiga, managing director of Citi Bank tapped by Safaricom as head in charge of strategy and acquisitions effective 1st May 2022. Mr. Mutiga replaces former Safaricom’s chief of special projects and acting chief business development and strategy officer Joe Ogutu who retired from the company in April. “He will lead Safaricom’s business development and transformation agenda, and will be responsible for strategic partnerships, mergers, and acquisitions; Safaricom’s funding strategy and asset optimisation,” said Safaricom chief executive Peter Ndegwa on Wednesday. With over 20 years of experience in Banking, Michael joins Safaricom from Citibank where he was a Managing Director…
Amid high demand and supply constraints, Apple and Samsung enjoyed nearly 60 percent of the global tablet market in the January-March quarter, according to a new report. Apple iPadOS shipments (sell-in) fell 6 percent (year-on-year) to 15.8 million units in Q1 2022, with worldwide market share climbing 1.7 percentage points to 39 percent as the tech giant outpaced the market, according to market research firm Strategy Analytics. Samsung led the Android market with only a 1.2 percent decline in Q1 2022 to 8.2 million units. Its market share increased by 1.8 percentage points to 20 percent during the same period.…