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Sports business in Africa is on the rise

Sports business in Africa is on the rise

FROM grassroots football development to cutting-edge sports technology, African entrepreneurs are spearheading initiatives that promise more financial value and structure for African sports talent. Shola Akinlade, the co-founder of Paystack, a popular payments platform in Africa, recently made headlines after he acquired a majority stake in Danish football club Aarhus Fremad Fodbold. Akinlade also owns Sporting Lagos FC, a professional football club in Lagos that plays in the Nigeria National League's 2nd Division. Business Day, a Nigerian news platform, reported in March that the 38-year-old would facilitate players from Sporting Lagos to transit to Aarhus - and the European football…
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Climate tech funding opens the way for African entrepreneurs

Climate tech funding opens the way for African entrepreneurs

BONFACE ORUCHO, BIRD STORY AGENCY A surge in funding for nature-based solutions worldwide is opening opportunities for green startups in Africa, with a resultant increase in cleantech startups, according to a recent report. AfricaGoGreen Fund (AFGGF), a pan-African fund that supports climate-friendly projects on the continent, recently secured US47 million in its second fundraising round. The fund focuses on the installation of rooftop solar and battery storage for residential, commercial, and industrial consumers, as well as the purchase of high-efficiency appliances and industrial equipment, and retrofitting existing and new green buildings. The International Finance Corporation (IFC) provided US$17 million in…
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