African Business News Network (ABNN)

The Trusted Business & Stock Market News Source for African Investors & Leaders

#InvestinAfrica

[African Business News Network (ABNN) @AfricanAbnn]

Africa:

- Has 30% of the Worlds Mineral Reserves
- Population of 1 Billion+
- 55 countries
- 60% of population is under 25 years old
- 600m+ phone users

Compelling case for #Africa as the key growth market of the next decade!

#InvestinAfrica #COVID19

https://t.co/GPVFgEDeJW

[African Business News Network (ABNN) @AfricanAbnn]

Brilliant thread 👍🏽

[derek guy @dieworkwear]

How much do you think it costs to make a pair of Nike shoes in Asia?

I'll show you. 🧵

[African Business News Network (ABNN) @AfricanAbnn]

@DavidSacks @elonmusk Very strange coming from you David

[African Business News Network (ABNN) @AfricanAbnn]

@elonmusk 👀

[African Business News Network (ABNN) @AfricanAbnn]

Interesting reports by the African Private Equity and Venture Capital Association (AVCA). “Startups raised more in 2021 alone than previous 7 years combined,”

“62% of total investment went to companies worth more than $50m USD”

https://t.co/V5iB5VmMLB

#VentureCapital #Africa

[African Business News Network (ABNN) @AfricanAbnn]

So much has been happening in #African venture capital. $5 Billion USD was invested by Venture funds across the African continent in 2021

Starting tomorrow, our team will be doing a daily tweet thread on some of the promising companies who have received this influx of funding

[African Business News Network (ABNN) @AfricanAbnn]

#RIPKK

[Kenyan Wall Street @kenyanwalstreet]

EDF says it will extend its off-grid offer to the residential market and target to connect more than two million Kenyans to electricity by 2025.
https://t.co/DSbtH1YEMW

[African Business News Network (ABNN) @AfricanAbnn]

#Zambia's Government is borrowing $1.5 Billion USD via its state owned mining investment business to acquire a mine from @Glencore according to latest reports.

https://t.co/P7xcTLfvou

#Finance #Banking #business #African #Wednesday

[African Business News Network (ABNN) @AfricanAbnn]

Co-Operative Bank of #Kenya has received $72.5m USD in loans from @IFC_org

Funding is going towards supporting small businesses across #Africa

https://t.co/XwgypKk2vf

#SmallBusiness #development

[African Business News Network (ABNN) @AfricanAbnn]

Year in Review: The TOP 10 #Nigerian tech startups to receive funding in 2020

Congrats to @flutterwave who topped the list with $35m USD of funding received during 2020!

https://t.co/vhGDyAHF9T

#Africa #technews #Nigeria #venturecapital #finance #Entrepreneurship

[African Business News Network (ABNN) @AfricanAbnn]

Special thank you to our 13 new followers from Saudi Arabia, and more last week. https://t.co/huKIhzER2g

[African Business News Network (ABNN) @AfricanAbnn]

Stock Exchange Listed Cement Producer #PPC has posted a profit of $40.7m USD (R610m) over the first 6 months of 2020 according to latest reports from @EngNewsZA

https://t.co/NdT21eRUOd

#StockMarket #business #stocks #infrastructure #news #Tuesday #markets

[African Business @AfricanBizMag]

How has the pandemic affected private equity in Africa?https://t.co/1fqHqY4yZD

[African Business News Network (ABNN) @AfricanAbnn]

Based on these numbers from @HipHopNumbers it shows that Artists & content creators are getting paid only 0,00012$ per stream/play on #Youtube and less than 0,00080$ on #Spotify

Youtube's Revenues are in excess of $14 Billion USD amid this backdrop..

[Hip Hop By The Numbers @HipHopNumbers]

How much money would a major label artist expect to make from 100 million streams?

$12k - Youtube
$23k - Pandora
$72k - Amazon
$79k - Spotify
$122k - Google
$140k - Apple
$180k - Deezer
$216k - Tidal
$342k - Napster

Imagine getting $12k for 100 MILLION STREAMS!!

[African Business News Network (ABNN) @AfricanAbnn]

The Holding Company of I&M Bank #Rwanda has received $10m USD to invest into the country according to @kenyanwalstreet

#Banking #Markets #Finance #news #Monday

[Kenyan Wall Street @kenyanwalstreet]

IFC has issued a KSh1.1 Billion loan to I&M Holdings subsidiary in Rwanda to support thousands of SMEs in Rwanda. https://t.co/gXFeU1OfhK

[African Business News Network (ABNN) @AfricanAbnn]

Troubled Times for Hotel Group @tsogosun and Sun International according to latest reports from @TheAfricaReport

[The Africa Report @TheAfricaReport]

#SouthAfrica: As @tsogosun Hotels and Sun International @MillionThrills count the costs of a plunge in room sales due to #coronavirus-induced #LockdownSA, the groups’ employees are faced with the prospect of unemployment, reports @PhillipXolisa

https://t.co/7xDruLsSds

[African Business News Network (ABNN) @AfricanAbnn]

#SouthAfrican stock markets are flying! Equities have hit a 20 month high according to latest reports

https://t.co/3HOsUz9Yw3

#StockMarket #trading #Business #Finance #Africa #African #MondayMotivation #news

[African Business News Network (ABNN) @AfricanAbnn]

Off the back of a $30m USD raise in 2019, @TwigaFoods is now preparing for expansion out of #Kenya into #Uganda, #Rwanda and #Nigeria according to latest reports

https://t.co/a7EKAapBzM

#Business #mondaythoughts #Farmers #KenyaProjects #agriculture #Food #news

[African Business News Network (ABNN) @AfricanAbnn]

#SouthAfrica's Government is seeking to raise $400m USD (R6 Billion) by offloading a stake in its national airline carrier #SAA (@flySAA_US) according to @Moneyweb

https://t.co/RysA8SP9eQ

#Business #Finance #PrivateEquity #Banking #StockMarket #news #PresidentCyrilRamaphosa

[African Business News Network (ABNN) @AfricanAbnn]

#Tanzania has been approved $50m USD of support towards fighting #COVID

Funding is coming from the #African Development Fund

https://t.co/dDJqUidmtM
#Business #Africa #vaccine #ThursdayThoughts #politics #news