Social Media & Networking

INTERNET BUSINESS LOUNGE – Facebook’s messenger app has finally hit a billion users globally. Here’s a news release from Facebook ‘s newsroom announcing the 1-billion user milestone. People use Messenger to connect with the people...

startups, businesses, investments

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 programme, SheHive, was held in London from August 18th-21st 2016. The four-day event took place...

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 Formations Statistics...

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...

This map shows every country’s major export

INTERNET BUSINESS LOUNGE – Do you know what your country’s biggest export is? Now, thanks to this map put out by the Bank of America Merrill Lynch, you can find out. The map does not include the export of services, but highlights some interesting insights and...

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

SLA1

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...

by Internet Business Lounge

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

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 Formations Statistics Report for the second quarter of 2016. A 2% increase on...

This map shows every country’s major export

INTERNET BUSINESS LOUNGE – Do you know what your country’s biggest export is? Now, thanks to this map put out by the Bank of America Merrill Lynch, you can find out. The map does not include the export of services, but highlights...

When China Goes Global

INTERNET BUSINESS LOUNGE – CSOFT International has officially launched Shenzhen 100, an index ranking Shenzhen’s top companies based on their potential to expand globally. With the Globalization Forum, a private event on June 22nd...

Jumia Becomes the One Stop Online Destination in Africa

INTERNET BUSINESS LOUNGE – Africa Internet Group is today connecting its companies into Jumia’s  ecosystem with a new vision, “Expand your horizons”. The new Jumia ecosystem will give access to products and services...

This map shows every country’s major export

WEF

INTERNET BUSINESS LOUNGE – Do you know what your country’s biggest export is? Now, thanks to this map put out by the Bank of America Merrill Lynch, you can find out. The map does not include the...

KPMG Global Transformation Study Identifies Customer Insights, Innovation And Agility As Keys To Success

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INTERNET BUSINESS LOUNGE – The results of KPMG’s 2016 Global Transformation Study point to three common elements among organizations that are in the process of, or completed successful business...

3 ways to build trust in your business

INTERNET BUSINESS LOUNGE – I don’t think any CEO (or, for that matter, any layperson) would disagree with me if I said that being trusted is a powerful asset for a business. It makes sense that...

Growth is on the African Business Agenda – PwC report

INTERNET BUSINESS LOUNGE – Africa remains one of the preferred frontiers for investment opportunities and doing business, according to a report released by PwC Africa today. Growth and foreign direct...

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...