News

Why Yoco Raising R230 Million in Funding is Good News for All African Startups
Fintech startup Yoco has proven, once again, that they are a South African startup worth watching.
The point of sale payments provider which helps small businesses accept card payments, today announced they had raised a Series B round of US$16 million (R230 million).
The round is led by Partech, a venture capital firm based in Silicon Valley, Europe and Africa, with participation from Orange Digital Ventures, FMO (The Dutch Development Bank), South African-based FutureGrowth and existing Series A investors Quona Capital and Velocity Capital.

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Trends and Opportunities in South Africa’s Business Tourism Sector
Business tourism, which focuses on delegates attending meetings, conferences, and other business events, is a lucrative and fast growing segment of the world’s largest industry sector.
What does it take to tap into this industry?
Septi Bukula is Director of the Seeza Destination Network, a business acquisition and sharing network of SMEs in the tourism industry. According to him there are many opportunities available for SMEs in this industry and the Seeza Destination Network was established to help increase market penetration for SMEs in the sector. Its primary focus is on business events.

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Entrepreneur
Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies.

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Pound to rand value: SA currency hits new low, recession woes intensify
The South African Rand has sunk to new lows against the strengthening British Pound – its largest drop in over two years.
On Thursday morning, one British pound was worth R20 – the last time South Africa’s currency dropped this low to the pound was back in late June 2016. This was during former president Jacob Zuma’s controversial tenure, which was marred by corruption, nepotism and cabinet reshuffles which wreaked havoc on the rand.
Why has the rand slumped? There are many reasons for the rand’s dismal performance of late.
South African economy in a recession The most disturbing news for South Africans is that the country’s economy has slipped into recession. On Tuesday morning it was revealed that the country’s GDP had contracted by 0.7%, this followed a shocking 2.2% decline in the first quarter of the year.

Financement du secteur privé : Les pistes de Biendi Maganga Moussavou
Exclusivement dédié au financement des Petites et moyennes entreprises (PME) africaines, le SME & Banking Africa Forum s’est ouvert le 13 novembre à Kigali, au Rwanda. La conférence d’ouverture de cet événement s’achevant le 15 novembre, a été marquée par une table ronde sur le thème «Réinventons le futur des PME en Afrique : Les réformes publiques et les meilleures pratiques».

Troisième édition Champions & SME AFRICA Forum : 500 chefs d’entreprises à Abidjan
La troisième édition du Champions & SME Africa Forum a ouvert ce jour à Abidjan en présence de Jean-Louis Billon, ministre du Commerce de Côte d’Ivoire et Biendi Maganga Moussavou, ministre de la Promotion des PME, Chargé de l'Entrepreneuriat national du Gabon.