Category Archives: Business & Economy

MIT Legatum Center and Mastercard Foundation Select 10 African Startups as Finalists of the 2018 Zambezi Prize for Innovation in Financial Inclusion

>>Grand Prize Winner and Runners-Up will be announced during the Open Mic Africa Summit in Nairobi on August 29th, 2018 The Legatum Center for Development and Entrepreneurship ( at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation(, today announced the finalists

BIBA opens its 9th Outlet in Chennai

>>Taking the store count to 15 in Tamil Nadu  BIBA, the leading ethnic apparel brand has launched a new store in Chennai at VR Chennai, which is one of the biggest shopping mall the city has to offer. Taking the store count to 9 in

Africa is among the fastest-growing rugby fan-bases with 32.7 million

>>Global fanbase increase of 24 per cent since 2013 Rugby has nearly 800 million followers globally, while more than 338 million considering themselves fans, with India, China and the USA alone constituting almost 33 per cent of the population, according to the largest-ever market research

Kerala startups bag national level innovation funding in IIGP

>>The Kerala-based startups- Genrobotic Innovations, Irov Technologies and Sastra Robotics- were among the 16 winners, who will also get an opportunity to undergo an incubation process along with mentoring support  Three startups mentored by the Kerala Startup Mission (KSUM) bagged a seed funding of up to

ENGIE to build 8 hybrid solar power plants in Gabon

>>The project will save the country 1 million litres of fuel oil per year, or 2,600 tonnes of CO2, and reduce generation costs by 30%  ENGIE ( has signed an agreement with CDC, the Gabonese financial institution Caisse des Dépôts et Consignations, to deploy eight