BUSINESS NEWS REPORT – JULY 2020
Every month Africa HR Solutions curates the latest high impact news across Africa. Check out the top business news for July 2020.
African e-health startups has hit an all-time high
The number of African e-health startups operating across the continent has hit an all-time high at 180 active companies, while investment into the space continues to snowball, reaching record levels in the first half of 2020 despite the COVID-19 pandemic.
eCommerce has broken barriers as a result of the global COVID-19 pandemic’s lockdown restrictions
Statista believes that the South African market will reach just over R62 billion this year, and show a compounded annual growth rate of 10% for the next four years. User penetration will be 37% this year and is expected to hit almost 51% by 2024.
Facebook Community Accelerator
Facebook has announced 12 African community leaders have been selected to join Facebook’s Community Accelerator, a six-month programme that aims to equip communities with the training, mentorship, and funding they need to grow.
