Social Media & Networking

INTERNET BUSINESS LOUNGE – Make it Social, which provides social booking technology, has announced a number of deals and key hires as it enters its next phase of growth. In Q3 of 2016, partnership deals have been signed with Paylogic, Ticketmaster Sport...

startups, businesses, investments

Tech and Media Leaders Meet in Lagos to Assess Investment and Growth Strategies

INTERNET BUSINESS LOUNGE – Leading strategy and investment heads from technology and telecom giants including Google, Uber, Intel, Africa Internet Group, Vodacom, Airtel, Nokia and Etisalat are meeting in Lagos on September 20 to discuss strategies for investment and regional growth at TMT Finance Africa in Lagos 2016. Poised to become the technology and investment hub for Africa – Lagos,...

Facebook partnered with She Leads Africa in support of female African entrepreneurs

INTERNET BUSINESS LOUNGE – Facebook is supporting and sponsoring She Leads Africa,  an African enterprise and women’s business-focused movement, to help ensure female entrepreneurs and professionals across the world unlock their full potential. She Leads Africa’s hugely successful bootcamp...

Foreign Investors and Entrepreneurs Flock to Set Up Shop in Singapore 

INTERNET BUSINESS LOUNGE – Singapore remained the destination of choice for foreign companies in Q2 2016, with the number of internationally–owned companies representing 39% of all business formations during the quarter, according to Hawksford’s Business...

Global Fashion Group raises EUR 330 million in Funding Round

INTERNET BUSINESS LOUNGE – Global Fashion Group has announced a successful funding round of EUR 330 million, which has been subscribed by existing investors including Rocket Internet SE and the Rocket Internet Capital Partners fund. Due to high demand, the initial...

Make it Social: Social Booking Startup Enters Next Phase of Growth

mis

INTERNET BUSINESS LOUNGE – Make it Social, which provides social booking technology, has announced a number of deals and key hires as it enters its next phase of growth. In Q3 of 2016, partnership...

by Internet Business Lounge

Tech and Media Leaders Meet in Lagos to Assess Investment and Growth Strategies

tmt-finance-africa-lagos-16

INTERNET BUSINESS LOUNGE – Leading strategy and investment heads from technology and telecom giants including Google, Uber, Intel, Africa Internet Group, Vodacom, Airtel, Nokia and Etisalat are meeting in Lagos on September 20 to discuss strategies for investment and regional growth at TMT Finance Africa in Lagos 2016. Poised to become the technology...

Apple Introduces iPhone 7 & iPhone 7 Plus —The Best, Most Advanced iPhone Ever

INTERNET BUSINESS LOUNGE –  Apple has introduced iPhone 7 and iPhone 7 Plus, the best, most advanced iPhone ever, packed with unique innovations that improve all the ways iPhone is used every day. The new iPhone features new advanced...

WorldRemit commends Restoration of Money Transfers to Nigeria

INTERNET BUSINESS LOUNGE – WorldRemit, the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other...

Facebook CEO visits Nairobi to see Kenyan Innovation in Action

INTERNET BUSINESS LOUNGE – Facebook CEO, Mark Zuckerberg is visiting Kenya this week on his first trip to Africa, using his time in the country to visit the iHub technology hub in Nairobi, meet with developers and partners, and explore...

McKinsey – Business spending in Africa expected to grow from $2.6tn in 2015 to $3.5tn by 2025

mckinsey

INTERNET BUSINESS LOUNGE –  Six years ago when the McKinsey Global Institute first looked in detail at Africa’s diverse economies, almost all of them were experiencing accelerating growth. The...

Untapped Intra-Regional Trade Opportunities Key to boosting African Economies

INTERNET BUSINESS LOUNGE – Despite an average annual growth in exports of 8.5% since 2010, trade between African regions remains low when compared to other parts of the world, according to The Africa Economic Outlook Report 2016. Intra-regional trade accounted for 16% of Africa’s total trade...

Facebook partnered with She Leads Africa in support of female African entrepreneurs

INTERNET BUSINESS LOUNGE – Facebook is supporting and sponsoring She Leads Africa,  an African enterprise and women’s business-focused movement, to help ensure female entrepreneurs and professionals...

Foreign Investors and Entrepreneurs Flock to Set Up Shop in Singapore 

INTERNET BUSINESS LOUNGE – Singapore remained the destination of choice for foreign companies in Q2 2016, with the number of internationally–owned companies representing 39% of all business...

Alibaba Group Celebrates Transformation of Taobao Marketplace at Inaugural Taobao Maker Festival

Alibaba

INTERNET BUSINESS LOUNGE – Alibaba Group has announced that it is hosting an inaugural Taobao Maker Festival from July 22 to July 24 at the Shanghai World Expo Exhibition Center. The festival celebrates...

Ringier Africa & One Africa Media Enter Into Classifieds Joint Venture

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INTERNET BUSINESS LOUNGE – Ringier Africa  and (OAM)  have agreed to merge their pan-African Classifieds assets to create and grow Africa’s largest classifieds group. In the joint venture deal...

SimbaPay announces single money transfer of up to $45,000 (USD) to Africa

INTERNET BUSINESS LOUNGE – SimbaPay is revolutionizing the remittance space through its official announcement of raising the single transaction limit to a whopping $45,000. This is substantially...

Orange announces the acquisition of a €75M equity interest in Africa Internet Group

INTERNET BUSINESS LOUNGE – Orange has announced the acquisition of a 75 million-euro equity interest in Africa Internet Group, joining AXA, Goldman Sachs and longstanding investors MTN Group, Millicom...