News

Boosting private sector’s investment in Innovation could help South Africa create Jobs, World Bank report

09-25-2017 | 12:42:20
Harnessing South Africa’s largely untapped potential for innovation could increase the economy’s productivity, propel job creation, and be of benefit to the country’s growing number of poor, according to a World Bank report.

UNDP launches study on income inequality in sub Saharan Africa

09-22-2017 | 13:23:11
It is only by addressing the challenge of income inequality that African countries can achieve decisive progress towards poverty reduction and the Sustainable Development Goals (SDGs), according to the United Nations Development Programme’s (UNDP) study.

Greater finance needed to achieve global goals to close the electricity and clean cooking access gap by 2030 - SEforALL research

09-21-2017 | 09:42:00
SEforALL and partners has announced research analyzing finance flows for electricity and clean cooking access in 20 countries across Africa and Asia with significant access gaps, and how finance strategies could be scaled and refined to reach more people.

[South Africa] Consumer spending turns upward in face of tight economic conditions, report

09-21-2017 | 09:19:09
Despite challenging economic conditions, retail sales growth for July 2017 was the highest recorded for that month since 2015.

More finance needed to achieve global goals to close the electricity and clean cooking access gap by 2030, reports

09-21-2017 | 08:38:21
Sustainable Energy for All (SEforALL) have announced a first-of-its-kind research analyzing finance flows for electricity and clean cooking access in 20 countries across Africa.

Digital business has changed mindset for over three quarters of CIOs in Africa, Gartner survey

09-20-2017 | 13:54:00
Digital business has created a change-ready mindset for 77 percent of CIO survey respondents in Africa, according to Gartner, Inc.'s annual CIO survey.

New case study details how to deploy successful agency banking in Africa

09-20-2017 | 10:39:00
FINCA International, in partnership with the Mastercard Foundation, has released a case study to highlight FINCA's journey in deploying agency banking in Africa over the past four years.

Africa’s economic giants face increasing competition from upcoming Kenya and Ethiopia, index

09-15-2017 | 09:31:24
Africa economic giants stumble, as Ethiopia outperforms peers, Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria

Agribusinesses and African smallholders seize $1 trillion food market to restart African economic growth, AGRA report

09-06-2017 | 13:27:00
The power of entrepreneurs and the free market is driving Africa’s economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa, that may be worth more than $1 trillion each year by 2030

Africa personal computing device market continues decline as detachable tablets remain resilient, IDC

09-04-2017 | 16:19:26
The Africa and Middle East personal computing devices market, which is made up of desktops, notebooks, workstations, and tablets, suffered a decline of -7.3% year on year in Q2 2017, according to the latest insights from International Data Corporation (IDC).

Digitization and niche tourism drive 2017 international arrivals to Africa to over 18 million, Euromonitor

08-31-2017 | 10:00:00
Market Research Company Euromonitor International has revealed the key trends shaping travel and tourism in Africa at the 41st Annual World Tourism Conference in Kigali, Rwanda.

[South Africa] End user spending on communication services will grow 0.7 percent in 2017, Gartner

08-31-2017 | 07:47:00
End-user spending on communications services in South Africa is forecast to total R122 billion in 2017, a 0.7 percent increase from 2016, according to Gartner, Inc.

[Nigeria] ICT contributes N1.6tn to GDP quarterly - NCC

08-30-2017 | 09:00:00
The quarterly contribution of Information and Communications Technology (ICT) sector to the Gross Domestic Product (GDP) has increased to N1.6 trillion from N1.4trn, the Nigerian Communications Commission has said.

[Egypt] Decline in telecom prices in Q1 2017

08-30-2017 | 07:30:00
Egypt saw a slight decline in telecommunication services during the first quarter (Q1) of this year compared to Q4 of the previous year.

Kenyan consumers remained resilient during election, mSurvey

08-25-2017 | 10:15:00
Consumer spending during the 2017 elections in Kenya saw Kenyan consumers remain resilient during the election period, according to Consumer Wallet - a platform launched by mSurvey and Safaricom in March 2017.
 
Features

[Column] Frances Okosi: The rise of renewable energy across Africa

06-01-2017 | 12:12:00
The extent of the power deficit across Africa is well documented and increasing electricity generation across the continent is the focus of a number of initiatives at both national and supra-national level.

Africa presents a mixed foreign direct investment picture - EY Africa Attractiveness report

05-03-2017 | 09:33:00
According to EY’s latest Africa Attractiveness report, heightened geopolitical uncertainty and “multispeed” growth across Africa present a mixed FDI picture for the continent.

[Column] Brett Parker: Between East & West, Africa's economic transformation will create a third centre of global power

04-19-2017 | 12:06:00
What a difference a century makes. If we stepped back in time to a hundred years ago we'd find a primitive China; a Middle East that had yet to discover the riches of oil and most of Southeast Asia consisted of countries that were barely distinguishable from medieval societies.

Casablanca and Nairobi rank leading destinations for Fortune 500 companies establishing international headquarters

04-18-2017 | 11:44:00
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 companies, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.

Powering Africa's Transformation - Tony Elumelu, Aliko Dangote, Carlos Lopes

04-14-2017 | 09:34:00
Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light industry.

Economic growth in East Africa remains strong despite drought - Report

04-14-2017 | 09:17:00
East Africa's economy has continued to grow despite the adverse effects of drought being felt across the region according to ICAEW's (the Institute of Chartered Accountants in England and Wales) latest report.

[Column] Jaco Lotz: Growth in middle class drives private education boom in Africa

04-04-2017 | 14:38:00
Private universities and schools are mushrooming across Africa, as parents increasingly seek a quality education for their children outside of the state offering - a move which is largely attributable to the rapid growth of the middle class on the continent.

The Global Gig Economy and its Implications for African Digital Workers - Professor Mark Graham

03-27-2017 | 11:18:24
Oxford professor Mark Graham, addressing the 4th UNI Africa Conference in Dakar, Senegal, warned of the danger of ‘parasitic capitalism’ where digital companies give little back to the places where they are embedded and platform workers are left to fend for themselves.

[Column] Mariam Abdullahi: Africa’s mobile revolution: strategic focus areas for telcos in 2017

03-24-2017 | 05:55:22
Despite on-going economic challenges and some tricky regulatory issues, Africa is fast approaching the 1bn mobile subscriptions landmark. The continued rollout of 3G and 4G networks, as well as an influx of low-cost smartphone

[Column] Jens Ischebeck: Edtech - A growth area for Africa

03-20-2017 | 10:44:58
EdTech is the use of digital education technology to facilitate teaching and learning. It’s a rapidly expanding sector with enormous potential. Providers around the world are now incorporating education technology into their delivery strategies.

[Interview] Debbie Goodman-Bhyat, CEO Jack Hammer, South Africa

03-07-2017 | 12:42:00
CEO of South African executive search firm Jack Hammer, Debbie Goodman-Bhyat, discusses the growing shift from expat hire to local executive leadership in African organizations.

Samsung emerges Africa’s most admired brand

03-06-2017 | 10:59:26
African Business magazine in partnership with Brand Africa, Brand Finance, GeoPoll and Kantar TNS has released the results of the Top 100 brands in Africa.