Day: November 17, 2023
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Knowledge Katti Stands a Chance of Making Around N$42 Million
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BUSINESSMAN Knowledge Katti stands a chance of making around N$42 million by selling 1% of a petroleum block joint venture near a hotspot in Namibia where oil has been discovered. The block is situated north of recent discoveries by TotalEnergies, QatarEnergy and Shell. In 2018, Katti and his Australian partners,…
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Nigerian Banks In Shock as Rejection of Old N500 and N1000 Spreads
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The enthusiasm that greeted the Supreme Court judgement that the old N500 and N1,000 notes should be in use till December 31st 2023, has dissipated as widespread rejection of the old notes by bank customers, transporters and other businesses took over the financial and economic space. The rejection of the…
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Nigerian B2B e-commerce Startup Alerco cuts 15% of Full-time Staff
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Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confirmed to TechCrunch. This is the company’s second round of layoffs in seven months. As a first-party e-commerce business, Alerzo had a…
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African Reports and Analysis
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On the continent, Africa Talks Business has done in-depth research studies on the majority of the industries and sectors, ranging from banking and agriculture to security and telecommunications. When conducting business in Africa, it is important to take into consideration the particular complexities and quirks that each industry has. Our clients…
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Different types of businesses you should know before you start a business
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Business Types:Sole Proprietorship: Definition: A business owned and operated by a single individual. The owner is personally responsible for all debts and liabilities of the business.Advantages: Full control, easy to start, and straightforward tax reporting.Disadvantages: Limited access to capital, unlimited personal liability, and potential challenges in business continuity.Partnership: Definition: A…
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Understanding the AWS Marketplace
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Software procurement can be a complex and time-consuming process. Whether you are an independent small business entrepreneur or a multinational corporation, you will need to scale procurement as your needs grow. How do you do this? AWS Marketplace is the solution. AWS Marketplace is a curated digital catalogue of software, data,…