News

Nigeria, U.S. trade hits $1.36b in two months

04-21-2017 | 14:56:00
Nigeria’s trade with the United States (U.S.) rose by 70.44 per cent from $799.93 million in January and to $1.36 billion in February, according to the latest U.S. Census Bureau data.

IMF lowers growth expectations for Egypt and Saudi Arabia

04-21-2017 | 14:04:02
The International Monetary Fund has lowered its economic forecasts this year for two of the Arab world's largest economies, reflecting sluggish growth rates brought on from austerity reforms and continued low oil prices.

Egypt liquefied natural gas market to hit 4.5 million tonnes by 2025 on industrial demand, report

04-13-2017 | 13:17:00
Growing demand from power and industrial sectors coupled with declining LNG prices to drive demand for LNG in Egypt through 2025

[South Africa] Growing business and innovation environment will shape digital transformation, report

04-12-2017 | 14:17:00
A new report by research firm Reportlinker has detailed the trends and opportunities in the South Africa’s ICT sector with its scope touching on telecommunications,

Kenya’s economic growth to dip to 5.5 per cent in 2017, World Bank

04-12-2017 | 13:34:00
Kenya’s GDP growth is projected to decelerate to 5.5%, a 0.5 percentage point mark down from the 2016 forecast, according to the World Bank’s Kenya Economic Update (KEU) released in Nairobi.

Social Media Report Reveals Radio Stations’ Dominant Influence on Facebook and Twitter

04-10-2017 | 14:57:00
In a bid to enhance the work of the media using technology in Africa, Penplusbytes has released its latest social media ratings on Ghana’s Radio, Television and Print media

Nigeria real estate sector to record 5.39 percent growth

04-10-2017 | 12:32:00
Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.

New research explores options for solving Ghana’s power generation crisis

04-10-2017 | 09:52:42
With economic expansion and a booming population, the demand for energy in Ghana is far higher than current capacity. Now a new report from engineering experts at Brunel University London and the University of Education, Winneba, could shape conversation on the cheapest and greenest energy solutions for the decades ahead.

South African paint industry embraces technology to grow earnings, study

04-05-2017 | 09:17:00
The South African paint industry, valued at between R11.5bn and R12bn per annum, has undergone a shift towards the increased usage of technology and mechanisation in the last five years.

Nigeria's official PC market falls to lowest levels in over nine years, IDC

04-04-2017 | 16:34:53
Official PC shipments to Nigeria fell 57.1% year on year in 2016 to total 156,511 units, according to the latest figures compiled by International Data Corporation (IDC).

50 Kenyan companies listed in London Stock Exchange Group’s inaugural ‘Companies to Inspire Africa’ report

04-04-2017 | 16:26:00
50 companies operating in Kenya are named today in London Stock Exchange’s inaugural ‘Companies to Inspire Africa’ report.

Sub Saharan Africa millennials spend $50 a month on football betting, survey

04-04-2017 | 16:20:03
Millennials in Sub-Saharan Africa (SSA) are using their mobile phones to bet on football and are spending less than $50USD per month. Kenya has the highest number of betting youth, according to a recent GeoPoll rapid survey

Renewable energy has robust future in much of Africa, Berkeley study

04-04-2017 | 16:15:00
As Africa gears up for a tripling of electricity demand by 2030, a new Berkeley study maps out a viable strategy for developing wind and solar power while simultaneously reducing the continent’s reliance on fossil fuels and lowering power plant construction costs.

Ghana loses $50m to cyber crime, report

04-04-2017 | 16:02:22
A report by Kenyan-based IT firm, Serianu Limited, has revealed that the economy lost a total of US$50 million to cybercrime in 2016.

Economic Commission for Africa launches second generation of its country profiles

03-28-2017 | 17:15:00
The Economic Commission for Africa (ECA) has launched the second generation of its Country profiles, on the margins of the African Development Week held in Dakar Senegal.
 
Features

[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.