investors - The African Mirror

Apr

2022

African start-ups net $1-billion in 3 months

SETH ONYANGO, BIRD STORY AGENCY MONTH-ON-MONTH growth figures show Africa’s startup ecosystem continues to receive a funding frenzy as investors flock to the continent’s sizzling tech space. This comes as demand for tech solutions to power Africa’s fledging internet economy continues to grow. With 1.8 billion US dollars already invested in the first three months of 2022, Africa: The Big Deal projects it will only be days until the 2 billion mark is reached. “Compared to last year, there’s been 2.5x more funding raised in Q1-22 than in Q1-21. But, how is this funding distributed geographically? The ‘Big Four’ still…

Sep

2021

By The African Mirror

Investors follow as COVID-19 pandemic pushes the pace of Africa’s vaccine development for other ailments

COVID-19

CONRAD ONYANGO, BIRD AFRICA’S pandemic-induced bid to increase its share of vaccines manufactured in the continent has begun attracting foreign investors. Already, German and Chinese investors have expressed interest in boosting local production capacity both in terms of funding projects and skills transfer in preparation for a vaccine "revolution". Germany-based BioNTech last week affirmed its June plans of bringing its manufacturing to Africa following a meeting with Rwanda’s President Paul Kagame, Senegal’s President Macky Sall and Ursula von der Leyen, president of the European Commission. The COVID-19 vaccine maker said it has begun evaluating the possibilities of setting up malaria…

Oct

2020

By The African Mirror

How Nigeria’s new competition law will benefit the economy – and what to watch for

BUSINESS

OLUCHUKWU PRECIOUS OBIOMA, PhD candidate, Department of Commercial and Corporate Law, Faculty of Law, University of Nigeria COMPETITION laws protect consumers and create confidence in an economy. It’s a signal to investors and entrepreneurs that a market is fair and open. And the reward for countries that regulate competition is that on average they produce more value per capita than others. In Nigeria the competition law regime has been inadequate compared with its economy’s size and complexity. It hasn’t had a comprehensive law addressing anti-competitive trade practices like monopoly, price regulation and abuse of dominance. The government previously had a…