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30-10-2014 23:52:00 | by: Administrator | hits: 6122833 | Tags:

[Kenya] Mobile cash posts largest drop in August following political campaigns in July
17-10-2017 | 09:40:00
Mobile payments in August posted the largest month-on-month drop this year, coming after intensive political campaigns in July.
Nigerians seek next level shopping experience - Nielsen findings
16-10-2017 | 09:45:00
Despite Nigeria’s retail sector being dominated by independent formats like Open Markets and Kiosks in terms of absolute store numbers, modern trade formats like Supermarkets and Hypermarkets are stepping up to fulfil the needs of consumers.
Barclays Africa Group and OMFIF launch Africa financial markets index
16-10-2017 | 09:24:56
Expanding and deepening financial markets across Africa is a central condition for the next stage of the continent's development. That is a key conclusion of the Africa Financial Markets Index.
[Rwanda] S&P Global Ratings places economic outlook as stable
12-09-2017 | 13:04:00
S&P Global Ratings has affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Rwanda. The outlook is stable.
[Rwanda] Weak export prices, drought dip economic growth, World Bank
11-09-2017 | 10:30:00
Rwanda’s economic growth has been slowing down since mid-2016 resulting in a 6percent growth in 2016 and in 4.2 percent annualized growth in the first quarter of 2017.
Assets under management growth by black asset managers in South Africa slows in 2017
05-09-2017 | 11:28:48
Assets under management by black-owned asset management firms grew 1.76% from R408.3 billion in 2016 to R415.5 billion in 2017 – slower than the 32% leap from 2015’s R309.2 billion.
Ghana launches Country Profile to inform economic growth agenda
22-08-2017 | 07:35:43
The Ghanaian Government, in collaboration with the United Nations Economic Commission for Africa’s Sub-Regional Office for West Africa, has launched the 2016 Country Profile for Ghana.
Lagos slumps as travel to Africa displays double-digit growth
15-08-2017 | 10:52:00
An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53% of its seats for the rest of 2017.
[Kenya] Private sector activity deteriorates on declining output
04-08-2017 | 07:24:00
Kenya’ private sector activity continues to contract owing to a declining output even as the business conditions recorded deteriorating performance in July according to the Purchasing Managers’ Index (PMI) survey.
Teraco launches Riverfields Hyperscale Data Centre in Johannesburg
03-08-2017 | 13:56:00
It’s taken hyperscale computing a decade to steadily claim significant cloud infrastructure service market share. Initially focused on major international markets, Africa has not been a priority until recently, when large players started turning their attention to Africa.
Sub Saharan Africa middle class total daily spending more than $400 million, study
03-08-2017 | 08:23:00
A study on the world's fastest growing middle class, estimates that Sub-Saharan African middle class consists of over 100 million people, excluding South Africa, with an aggregate spending power of over $ 400 million per day.
Seed Academy releases results of South Africa’s largest entrepreneurial survey
27-07-2017 | 10:18:00
More impactful business development support that provides entrepreneurs with robust business basics is needed to increase small business success rates, while a decline in youth owned businesses has emerged as cause for concern in South Africa.
Sub-Saharan Africa Driving Global Market for Mobile Money - GSMA report
13-07-2017 | 10:44:00
Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data.
dotAfrica domain registration open to the public
05-07-2017 | 09:50:37
“The floodgates have finally been thrown open and .africa domains are now available for registration on a first-come, first-served basis."
East Africa attracts Sh113.7b in private equity investments
15-06-2017 | 11:06:00
The East Africa region attracted more than Sh113.7 billion ($1.1 billion) funds from Private Equity (PE) between 2015 and 2016, a new study has revealed.
Angola to Explore Business Opportunities in Agriculture, Dairy, Meat, Oil and Gas and Mining - Report
09-06-2017 | 14:37:00
Angola is one of the fastest growing and most promising economies in Africa. Angola's high GDP growth is driven by high international oil prices.
[Kenya] Safaricom joins battle against plastics in switch to reusable eco friendly bags
08-06-2017 | 07:58:48
Safaricom has launched eco-friendly carry bags to replace the plastic bags that the company uses in its retail shops.
[Column] Frances Okosi: The rise of renewable energy across Africa
01-06-2017 | 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.
Afreximbank Urges DFI Partnerships to Push Africa’s Industrialisation
29-05-2017 | 09:44:30
Cooperation among Africa’s development financial institutions (DFIs) is crucial for the achievement of the industrialisation of the continent, the African Export-Import Bank (Afreximbank) has said in Ahmedabad, India.
[Tunisia] 4G Network expansion and fiber optic infrastructure development to drive telecom growth
25-05-2017 | 16:40:00
A new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Tunisia today, with detailed forecasts of key indicators up to 2021.
[Nigeria] Glo records highest data penetration in Q1 of 2017
24-05-2017 | 10:48:40
Globacom has strengthened its position as Nigeria’s preferred data network by recording the highest data penetration among the four major operators in the telecommunications industry.
South Africa ranked among top countries for foreign direct investment in Africa
04-05-2017 | 10:00:00
South Africa has made a comeback in the 2017 A.T. Kearney Foreign Direct Investment (FDI) Confidence Index, and has been ranked as the fourth most attractive investment destination in Africa according to the latest Africa Investment Index 2016 by Quantum Global’s independent research arm, Quantum Global Research Lab.
Africa presents a mixed foreign direct investment picture - EY Africa Attractiveness report
03-05-2017 | 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.
Economic Growth in Africa is on the Upswing Following a Sharp Slowdown - World Bank
20-04-2017 | 11:28:00
Economic growth in Sub-Saharan Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016, according to the new Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank.
Botswana Most Attractive Investment Destination in Africa - Quantum Global Research
20-04-2017 | 10:05:21
Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 by Quantum Global’s independent research arm, Quantum Global Research Lab.
Drastic reduction in Neglected Tropical Diseases during the past 5 years - WHO
20-04-2017 | 09:56:24
In the African Region which alone bears 40% of the population suffering from NTDs, great strides have been made in the past years. Togo has just eliminated Lymphatic Filariasis as a public health problem.
Jumia Nigeria unveils its third white paper on African Mobile Trends 2017
19-04-2017 | 12:32:00
Jumia Nigeria is pleased to present the 2017 edition of the African Mobile Trends Paper. This is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria.
[Column] Brett Parker: Between East & West, Africa's economic transformation will create a third centre of global power
19-04-2017 | 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.
Nigeria loses Africa's top oil producer position to Angola
19-04-2017 | 09:52:00
With the cumulative loss of 4.8 million barrels in the month under review put in cost at the prevailing $55.89 per barrel for Brent crude, Nigeria is estimated to have lost over $271.8 million (N82.8 billion).
Casablanca and Nairobi rank leading destinations for Fortune 500 companies establishing international headquarters
18-04-2017 | 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.
Tanzania sees 47% of GDP growth through Mobile Money Revolution
18-04-2017 | 11:03:58
When Vodacom introduced the mobile money transfer service, M-Pesa, in 2008 financial inclusion in the country was below 16 per cent.
World Bank Approves $150m to Enhance Mining Sector Contribution in Nigeria
17-04-2017 | 09:32:00
The World Bank’s Board has approved a $150 million credit to enhance the contribution of the mining sector to the Nigerian economy.
Kenya ranks third tourist destination in Sub-Sahara Africa - WEF report
14-04-2017 | 12:24:00
Kenya is now the third highest ranked sub-Saharan African country in terms of its travel and tourism competitiveness, according to a World Economic Forum report.
Powering Africa's Transformation - Tony Elumelu, Aliko Dangote, Carlos Lopes
14-04-2017 | 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
14-04-2017 | 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.
Gabon in $150 million project to strengthen statistical system
13-04-2017 | 14:59:26
The World Bank Board of Executive Directors has approved an International Bank for Reconstruction and Development (IBRD) loan of $50 million equivalent to strengthen Gabon’s statistical system.
Small & Medium Businesses can contribute up to 80% of jobs in an emerging economy such as Kenya - Sage regional director, East Africa
13-04-2017 | 10:46:00
The party that emerges as the winner of Kenya’s general election, to be held on 8 August, has an opportunity to supercharge job creation and economic growth by adopting policies that help Small & Medium Businesses to thrive.
Fastest growing region in Africa suffering from slow pace of structural transformation, ECA survey
11-04-2017 | 08:05:10
Despite being the fastest growing sub-region of the continent with an economic growth rate of 6.7 per cent, second in the world to East Asia, East Africa is lagging behind in terms of its structural transformation.
Private equity a bright light in Africa's economic future, research
11-04-2017 | 07:27:00
New research shows private equity activity in Africa will inject Billions of US dollars or sustainable investment over the next five years. Private equity deals in Africa are growing from a low base equivalent to 0.18% of Africa's GDP in 2016.
Social Media Report Reveals Radio Stations’ Dominant Influence on Facebook and Twitter
10-04-2017 | 15:02:00
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
10-04-2017 | 13:27:00
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.
Africa is playing infrastructure catch up - Michele McCann
10-04-2017 | 10:43:00
The amount of businesses embracing an online strategy is driving an urgent review of legacy infrastructure according to Michele McCann, business development manager, Teraco.
New research explores options for solving Ghana’s power generation crisis
10-04-2017 | 09:48:52
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 team emerges runner-up in Mozilla’s equal rating innovation challenge
06-04-2017 | 11:10:08
Free Public WiFi has been announced as the “Runner-Up” in Mozilla’s Equal Rating Innovation Challenge with a funding award of US$75,000.
Oil on water shrinks by 17% in early indication of OPEC cuts effect - Vortexa report
06-04-2017 | 09:50:00
Oil on water levels have reduced by as much as 17% since the beginning of the year according to new figures generated by Vortexa, a newly launched analytics platform focused on the oil markets.
[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.
Nigeria's official PC market falls to lowest levels in over nine years, IDC
04-04-2017 | 10:20:51
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
03-04-2017 | 08:38:00
50 companies operating in Kenya are named today in London Stock Exchange’s inaugural ‘Companies to Inspire Africa’ report. Collectively, Kenyan companies make up 14 per cent of the total number of companies in the report, one of the highest concentrations of high growth companies in Africa.
Sub Saharan Africa millennials spend $50 a month on football betting, survey
31-03-2017 | 15:12:00
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
31-03-2017 | 10:00:00
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
29-03-2017 | 13:00:00
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.
Smartphone sales dip in Africa, IDC
29-03-2017 | 09:04:06
Smartphone shipments in Africa slowed down last year as the mobile device market took a hit from economic turmoil in the region.
Kenyans abroad are the biggest senders of mobile to mobile remittances - WorldRemit
28-03-2017 | 10:03:00
To mark the 10th anniversary of mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts.
Economic Commission for Africa launches second generation of its country profiles
28-03-2017 | 07:08:17
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.
The Global Gig Economy and its Implications for African Digital Workers - Professor Mark Graham
27-03-2017 | 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.
World Bank Signs $18m Grant to Crowd-in Forest Action in Ethiopia
27-03-2017 | 09:47:36
The World Bank has signed a new grant agreement with the Government of Ethiopia to improve the enabling environment for sustainable forest management, investments, and emissions reductions in the state of Oromia.
[Column] Mariam Abdullahi: Africa’s mobile revolution: strategic focus areas for telcos in 2017
24-03-2017 | 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
VOSS Water Norway partners with Voss Foundation to promote clean water, sanitation and hygiene initiatives in Sub-Saharan Africa
23-03-2017 | 06:30:00
Over 300 million people in Sub-Saharan Africa lack access to clean water which is approximately the same as the population of the United States.
Despite a bold agenda for change, South African business executives claim organizations are not “change agile,” new Mercer study finds
22-03-2017 | 11:30:00
As the competition for talent continues to rise and business models are disrupted by technology and socio-demographic shifts, organizations are still taking an evolutionary approach to their talent strategies in the face of revolutionary changes.
[Kenya] Capital Markets Authority targets listing 40 companies in the Growth Enterprise Market Segment by 2023
21-03-2017 | 14:42:56
In its drive to increase listings on the Nairobi Securities Exchange (NSE), in line with the objectives of the 10-year Capital Market Master Plan (2014-2023), the Capital Markets Authority (CMA) has signed up 70 potential issuers for the Business Incubator and Accelerator on the Listing Experience event.
Nielsen data shows that South Africans will pay more for premium brands
21-03-2017 | 11:41:00
A phenomenal 92% of South Africans reveal they are willing to pay an above-average price for products that deliver higher quality, offer superior functioning (91%) or stand behind environmentally responsible (86%) or socially responsible (77%) principles.
[Column] Jens Ischebeck: Edtech - A growth area for Africa
20-03-2017 | 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.
Teraco raises R1.2 billion in debt funding for further investment into South African data centres
20-03-2017 | 10:18:00
South Africa Teraco, Africa's largest carrier & cloud neutral colocation data centre and home to NAPAfrica, Africa’s largest Internet exchange point (IXP), has announced that it has raised a medium term funding facility from Absa amounting to R1.2 billion.
[Kenya] Nairobi among leading African destinations on the Fortune 500 list, Infomineo report
17-03-2017 | 10:19:21
The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo, a global business research company specialising in Africa and the Middle East.
Analysis of key sectors of Egypt: Business opportunities and trends
17-03-2017 | 06:47:04
Egypt is one of the fastest growing and most promising economy in Africa. Egypt's high growth rate in recent years was driven by high international tourist inflow, growth in trade & logistics and ICT market. Egypt GDP is growing at a moderate rate of 4.3% in 2015.
Africa and Middle East security screening market by product, application, geography and forecast by 2022
16-03-2017 | 13:12:20
Orbis Research added report on "South Africa Virtual Desktop Infrastructure Market By Implementation Model (Hosted Shared Desktop, Hosted Virtual Desktop), Trends, Forecast (2017-2022)"
[Tunisia] Packaged food market on an upward growth trajectory, Orbis Research
16-03-2017 | 12:00:00
Despite being impacted by the weak economy, packaged food recorded value sales growth of 8% in 2016, increasing only marginally compared with the previous year. Most packaged food categories in Tunisia recorded healthy growth rates in 2016.
African telcos to prioritize emerging opportunities in order to stay afloat, International Data Corporation
16-03-2017 | 06:34:00
Telcos across Africa are increasingly focusing on effectively maximizing their return on investment from data and on monetizing emerging opportunities such as the Internet of Things (IoT) to remain competitive and afloat, according to George Kalebaila, research director for telecommunications, media, and IoT at International Data Corporation (IDC).
South Africa food preparation appliances industry soars, Orbis Research
16-03-2017 | 06:30:00
Food preparation appliances grew by 3 per cent in retail volume terms in 2016, with mixers continuing to be the largest category.
[South Africa] Vodacom's network commands market lead, Speedtest results by Ookla
15-03-2017 | 06:43:43
Vodacom continues to shoot the lights out. The latest national and regional results from Speedtest by Ookla show that the company has the best overall network performance among all mobile network providers in South Africa.
Africa pet nutraceuticals market on high growth trajectory
15-03-2017 | 06:39:46
The total Africa Pet Nutraceuticals market is valued at over $291.2 million with the value expected to rise tremendously by the year 2020.
Mergers and Acquisitions action shifts from West to East Africa, report
13-03-2017 | 16:06:00
Despite market deal volumes being down by nearly a third for Africa Mergers and Acquisitions, M&A in 2016, international law firm Clifford Chance saw an increase in M&A instructions in Africa in the same period.
Steady technological advancements improve opportunities for the South African mining explosives market
13-03-2017 | 08:15:00
Steady technological advancements within the mining industry are reducing mining costs, improving blasting efficiencies, and driving explosives sales; thereby boosting growth of the South African mining explosives market.
Africa PC market declines year on year amid weak commercial demand, study
13-03-2017 | 08:03:19
The Middle East and Africa (MEA) PC market experienced a mild decline of 1.8% year-on-year (Y-o-Y) in Q4 2016 to total 3.2 million units, according to global technology research and consulting firm International Data Corporation (IDC).
South African uncertainty reflected in deflated consumer confidence figures
10-03-2017 | 14:18:01
South Africa is navigating choppy economic and political seas and nowhere is that more apparent than in the latest consumer confidence index (CCI) figures, which showed a 10-point decline to 77; offsetting the gains made in the previous quarter.
Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in one year
10-03-2017 | 12:34:55
Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29.
Hurricane Electric continues commitment to Africa with major network buildouts
10-03-2017 | 12:11:27
World’s largest IPv6-native Internet backbone, Hurricane Electric has announced a significant buildout of its global IPv4 and IPv6 network throughout several regions in the Middle East and Africa.
Africa leads in creating resilient women entrepreneurs, Mastercard Index
10-03-2017 | 08:26:26
Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE) today, it was revealed that 34.8 percent of businesses in Uganda are owned by women, making it one of the top performing African countries highlighted in the index.
East Africa Metals closes $5.2 million non-brokered private placement
09-03-2017 | 15:24:52
East Africa Metals Inc has announced the closing of a $5.2M private placement with Shandong Tyan Home Co., Ltd. , a Chinese listed public company. The private placement will finance ongoing exploration and project development activities at the Company's Harvest and Adyabo projects, located in the Tigray region of the Federal Republic of Ethiopia.
mSurvey and Safaricom launch first cash economy research platform in Africa
09-03-2017 | 08:18:36
mSurvey, the only global mobile-first research platform leveraging SMS and mobile messaging technology to simplify access to credible, on-demand data from the emerging world, and Safaricom, a leading communications company in Kenya, have launched Consumer Wallet, a groundbreaking platform that quantifies offline consumer spending habits and trends.
Nigeria economic growth at lowest level in fifteen years on oil pipelines vandalism
08-03-2017 | 14:36:00
The National Bureau of Statistics (NBS) stated that Nigeria's real GDP growth contracted to -1.30% (year-on-year) in the fourth quarter of 2016.
New entrepreneurship curriculum to help Nigeria industrialize
08-03-2017 | 14:30:00
A new United Nations Industrial Development Organization (UNIDO) project will develop an entrepreneurship curriculum for senior secondary schools in Nigeria.
Sub Saharan Africa lags in policy changes, affecting private sector growth, Economic Freedom Index
08-03-2017 | 11:53:00
Heritage Foundation released its 2017 Economic Freedom report in February revealing that Sub-Saharan African (SSA) countries are distributed primarily within the lower ranks of economic freedom.
[Interview] Debbie Goodman-Bhyat, CEO Jack Hammer, South Africa
07-03-2017 | 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.
South Africans will pay more for premium brands, Nielsen data
06-03-2017 | 12:11:33
About 92 per cent of South Africans reveal they are willing to pay an above-average price for products that deliver higher quality, offer superior functioning (91%) or stand behind environmentally responsible (86%) or socially responsible (77%) principles; this despite economic limitations where only 50% of the population believe that they are financially better off than five years ago.
Samsung emerges Africa’s most admired brand
06-03-2017 | 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.
[Botswana] World Bank Approves $145.5m to Improve Water Availability in Drought Vulnerable Areas
06-03-2017 | 10:30:00
The World Bank has approved a $145.5 million loan to the Republic of Botswana for the Emergency Water Security and Efficiency Project.
Research advocates for new approach to youth employment training strategies in Africa
03-03-2017 | 16:10:07
Innovative research released by The MasterCard Foundation is making the case for a new approach to youth employment training strategies in Africa. Invisible Lives: Understanding Youth Livelihoods in Ghana and Uganda sheds light on the working lives of African youth.
Improving conditions for people and businesses in Africa cities key to growth, study
03-03-2017 | 13:56:00
Africa’s cities are growing in population – adding the size of another Nigeria to cities by 2025 – so have a critical role to play in their countries’ economic growth, says a new World Bank report.
Africa industrial valves market to surpass $4 billion by 2021, research
02-03-2017 | 16:34:04
Recovering oil & gas sector and growing focus towards industrial expansion by various countries in the region will drive demand for industrial valves in Africa through 2021.
[South Africa] MobileData sees brighter future for e-commerce in 2017
02-03-2017 | 11:48:36
ICT professionals admit that 2016 was a tough year, but those who are positioned at the edge of technology trends application are confident the tide is about to turn.
[Kenya] Low seed volume and limited crop choices at local agrodealers threaten food security, study
02-03-2017 | 11:28:00
As Kenyans brace for another bout with drought, a new study released today finds local agrodealers could play a pivotal role in helping farmers adapt to climate change—yet their assistance is severely limited by a shortage of certified crop seed stocks and financing options.
[Tanzania] Eight cities get World Bank support to scale-up and modernize infrastructure
02-03-2017 | 10:38:41
Residents of eight rapidly urbanizing cities in Tanzania will benefit from funding to scale up infrastructure investments and promote growth, the World Bank Group announced today.
[Kenya] Drought pushes inflation to highest levels since 2016
01-03-2017 | 06:48:00
February has seen Kenya’s inflation climb to its highest since 2016 as the effects of the ongoing drought continues to pile pressure on the cost of food according to recently released data from the Kenya Bureau of Standards.
Standard and Poor’s maintains Zambia’s ‘B/B’ Ratings, negative outlook
28-02-2017 | 15:29:00
Rating agency Standard and Poor’s says the Zambian government’s financing position remains very tight, with access to external debt markets and available domestic capacity both limited.
[Kenya] Bank borrowing to rise sharply in 2017, Metropol outlook
24-02-2017 | 10:24:00
Kenyan economy is predicted to grow at 6.5 per cent in 2017 from an estimated 5.9 per cent last year driven largely by a historic spike in borrowing this year driven by government and private sector as the capping works itself out according to the latest forecast by Metropol Corporation.
[Kenya] Insurance penetration stands at 12 per cent, survey
21-02-2017 | 06:26:00
A paltry 12 per cent of Kenyans have any form of insurance programme according to a survey by online service provider Daktari Africa.
WorldRemit sees huge growth in money transfers to Tanzania
20-02-2017 | 09:45:00
Digital money transfer service WorldRemit is consolidating its rapid expansion into Tanzania, supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad.
East African youth embrace agriculture as a side hustle, survey
16-02-2017 | 12:58:00
Millennials in East Africa are turning to Agriculture as a side business, a majority have attempted to turn their side hustle into their main focus borrowing starting capital from banks and relatives.
Drought pushing food prices up in East Africa, FAO
15-02-2017 | 06:13:00
Drought throughout East Africa has sharply curbed harvests and pushed the prices of cereals and other staple foods to unusually high levels, posing a heavy burden to households and special risks for pastoralists in the region.