Tag: Pan African Business
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Why MarcyPen Capital’s Pursuit of Fenty Beauty Could Become a Defining Deal in Black Capital Markets
By Panafrican.email Business Desk In the global beauty industry, ownership is increasingly becoming as important as influence. That reality is now on full display as reports indicate that MarcyPen Capital Partners, the investment firm backed by hip-hop entrepreneur and billionaire Jay-Z, has emerged as a leading contender to acquire luxury giant LVMH’s 50 percent stake…
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🇬🇭Cornerstone Aerial Real Estate: A New Diaspora-Led Drone Company Bringing Aerial Innovation to Ghana’s Property and Development Sector
Kasoa, Ghana — A new player is emerging in Ghana’s rapidly expanding real estate and infrastructure industry. Cornerstone Aerial Real Estate Drone Photography, a diaspora-founded enterprise based in Kasoa, is leveraging cutting-edge drone technology to help property developers, landowners, investors, farmers, and construction firms gain a clearer view of their projects from above. As Ghana…
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🇳🇬Nigeria’s Crypto Boom: How Digital Currency Became a Lifeline for Millions
In markets, universities, tech hubs, and small businesses across Nigeria, cryptocurrency has evolved from a niche internet trend into a powerful financial tool shaping everyday life. Over the past several years, millions of Nigerians have turned to Bitcoin, stablecoins, and other digital assets as a way to survive economic instability, protect savings, and access global…
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African Business Potential On the Up
Low wages make it tough for the average earner to start their own formal business across much of Africa. The priciest place is Equatorial Guinea ($2,322), where a $324 paycheck means a 718% affordability rate. Fees are lower elsewhere, but so are wages. In fact, Congo is the least affordable in the world, with fees…
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🇺🇸Trump raises Western Sahara tensions
The impact of a second Donald Trump presidency is already resonating in the disputed territory of Western Sahara. The Polisario Front has warned it will ramp up military attacks against Moroccan troops should support from France and the new US administration for Rabat’s alleged occupation of the region continue. Recognition of Morocco’s sovereignty over the…
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Africa Skills Week (ASW) 2024
Africa Skills Week (ASW) 2024, held in Accra from October 14 to 18, drew to a triumphant close with a bold call to institutionalize the event as a biennial gathering aimed at promoting dialogue, experience sharing, and collaboration on skills development and employment in Africa. Themed “Skills and jobs for the 21st century: quality skills…
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Zimbabwe government makes e-payment compulsory for all businesses
Under this new direction, all businesses must accept Point-of-Sale (POS) machine transactions. The move is aimed at prohibiting businesses from engaging in unfair trade practices. It also seeks to protect consumers from robbery incidents and promote safer and more convenient payment methods, providing consumers with payment options to choose from. In line with this, the…
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Anthony Nkinzo: The Quiet Power Behind Tshisekedi’s Private Office
As President Félix Tshisekedi enters his second term in the Democratic Republic of Congo (DRC), the spotlight has shifted to Anthony Nkinzo, the president’s newly appointed chief of staff. Despite lacking the political influence traditionally associated with this role, Nkinzo brings a wealth of experience from the business world and has garnered support from influential…
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Burkina Faso’s nuclear partners also propose a renewable energy deal
In March Burkina Faso and Russia, through its state-owned energy company, Rosatom, spoke about establishing a nuclear project in the West African country. Very recently, both parties opened dialogue on the prospect of a renewable energy deal. This new proposal came on the heels of the 3 day forum concerning Russia’s partnership with Burkina Faso.…
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The Rise of America’s Black Elite: A New Era of Wealth and Influence
The Rise of America’s Black Elite: A New Era of Wealth and Influence While African Americans have historically been disproportionately affected by poverty in the United States, a significant shift is taking place. Today, America is home to the largest concentration of wealthy and highly successful Black individuals in the world. In fact, 1 in…
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