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Gender parity will unlock $287 billion for Africa’s economy by 2030, report
Conducted in collaboration with McKinsey & Company, the study reinforces the crucial role of women’s economic empowerment in driving the continent into a new era of transformational growth.
[Open Webinar, Sept 26, 2024] Driving Success: Enterprise Strategy and Financial Leadership for Growth
UK-based global financial technology firm, VertoFX, and American consumer credit reporting agency, TransUnion, are together organizing a fascinating free-to-join webinar themed 'Driving Success: Enterprise Strategy and Financial Leadership for Growth'.
Coca-Cola is the world’s most valuable non-alcoholic drinks brand, report
The brand’s memorable marketing campaigns, such as its 2023 Christmas advertisement, "The World Needs More Santas," have further reinforced its emotional connection with consumers.
Buy now pay later gross merchandise value to reach $19.5 billion by 2029, report
The report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories.
African Water Facility secures €12 Million to invest in urban sanitation in Africa
The Nordic Development Fund announced the funding during a panel session on investing in Africa’s water sector, which it hosted in tandem with the African Union’s African Water Investment Program.
World Bank Group launches High Level Council to tackle looming jobs crisis
Over the next 10 years, an unprecedented 1.2 billion young people in the Global South will become working age adults.
Global market for digital insurance platform to reach $259.3 billion by 2030, report
The growth in the digital insurance platform market is driven by several factors, including technological advancements, regulatory changes, and evolving consumer expectations.
Global logistics sector shows signs of normalization after post-pandemic boom, report
Leading logistics brands such as UPS and FedEx have both reported lower shipment volumes and reduced consumer spending compared to the high-demand periods immediately following the pandemic.
ICAO signs new deals with African states to boost sustainable aviation development
The International Civil Aviation Organization (ICAO) made a significant step forward in enhancing aviation's role as a catalyst for sustainable development in Africa.
MultiChoice Talent Factory targets African storytellers with funded training programme
MultiChoice Talent Factory has announced that it’s once again calling upon all aspiring filmmakers, scriptwriters, producers, and storytellers to apply for entry into the 2025 fully funded academic year.
[Column] Vera Ng’oma: Stepping up youth employability for jobs and better life chances
Each year, at least 10 million youth enter Africa’s labour market, but only 3.1 million new formal wage jobs are created.
[Column] Benard Onyango: Navigating the true cost of homeownership in different markets across Africa
Owning a home is something that the world's families deeply aspire towards. To many Africans, however, that dream is rich with challenges and opportunities unique to the continent but varying from country to country.
Open Startup launches second cohort of Grow programme to help African startups reach $1 million funding goals
Building on the success of last year's cohort, which accompanied 13 startups selected from over 600 applications, the GROW program continues its mission to support African startups in their growth journey.
SanlamAllianz announces merger and brand launch in Ghana
Sanlam and Allianz today announced the launch of their joint venture brand, SanlamAllianz, in Ghana. This follows the regulatory approvals the Sanlam and Allianz businesses in Ghana obtained recently to merge and rebrand to SanlamAllianz.
[Column] Philip Myburgh: Maximising the AGOA opportunity
AGOA grants qualifying sub-Saharan African nations duty-free access to the US market for more than 1,800 products.
Google and DHL collaborate on sustainable worldwide shipping
DHL and Google, one of the largest technology companies in the world, have announced a partnership to utilize the DHL Express GoGreen Plus service with Sustainable Aviation Fuel (SAF).
IFC, Proparco and Helios plan partnership to support Africa’s sports and entertainment sectors
A partnership with Helios Sports and Entertainment would offer an opportunity for IFC and Proparco to jointly address a long history of limited financing in Africa's creative sectors, including sports and entertainment, and catalyze private sector development in the region.
Small business growth to unlock Africa’s potential
More needs to be done to stimulate the growth of SMMEs, as well as boost intra-African trade, to unlock the continent’s huge potential.
Mastercard and Global Hotel Alliance sign multimarket agreement to boost luxury travel
The collaboration will be tailored to the unique needs of affluent cardholders – offering a vast choice of accommodation arrangements and exciting rewards.
[Column] Sameer Kumandan: Putting lenders in the driver's seat for better vehicle finance
Facilitating access to vehicle financing for legitimate customers is a pivotal responsibility for businesses.
Global advertising revenue to hit $1 trillion in 2026, PWC Outlook
The outlook, which covers 11 revenue segments across 53 countries and territories, finds that global E&M revenues are projected to hit $3.4 trillion in 2028, growing at a 3.9% compound annual growth rate (CAGR).
Milken Institute scales up engagement with Africa through new business council
Leaders on this council will lend their expertise and provide a high-level overview of Africa’s evolving business landscape for Milken Institute’s wide-ranging network and stakeholders who wish to amplify their engagement in the region.
[Column] Mohammed Rashwan: International responsibility for reparation for environmental damage in Africa
Although the African continent is the least contributor to the phenomenon of heat warming, accounting for less than 4% of global emissions it is the worst affected by the effects of this phenomenon.
NETA Auto launches first African flagship showroom in Kenya
NETA Auto, a Chinese electric car brand of Hozon Auto, has opened its first African flagship store in Kenya.
Ten African startups selected to receive funding to develop blue and green economy solutions
Through a fellowship program, the Waves supported founders in creating solutions that promote sustainable livelihoods, the use of ocean and freshwater resources, and the restoration and regeneration of landscapes.
Lagos Business School and CityBlue Hotels partner to drive growth in the hospitality industry in Africa
The Academic Director of LBS Hospitality Initiative, Dr Belinda Nwosu FIH, stated that the Initiative is a platform for developing and growing the hospitality industry in Nigeria and Africa, anchored on four main pillars – Advisory, Engagement, Research, and Capacity Building.
Finland signs funding deal with TradeMark Africa to enhance trade in Africa
The funding will support projects aligned with TMA’s third strategic plan (2023 – 2030) which will advance inclusive, clean, and digital trade in Africa.
IATA launches advanced analytics solution to optimize airline fuel consumption
The International Air Transport Association (IATA) announced the launch of IATA FuelIS, an advanced analytics solution to optimize airline fuel consumption, using aggregated and anonymized flight and fuel data.
Engineering firm Pini Group expands operations into Africa
Pini Group has had a longstanding interest in Africa and has recently participated in several significant projects in Senegal, Mozambique, and Tanzania.
Africa Business Communities seeks columnists in Egypt and Dubai
We are keen on contributors with originality, creativity, versatility and an eye for interesting trends across the sectors that we cover including banking and finance, tech, energy, agribusiness and trade.
Africa Business Communities launches operations in the Middle East
The company supports doing business in Africa through marketing and communication services, custom media productions and market research and has the largest LinkedIn community in Africa with over 1.2 million followers.
Kotler Impact presents the Essentials of Modern Marketing, Nigeria Edition 2024
This is the world's first marketing book around market-specific stories from Nigeria, to be published in November 2024 on Amazon and launched in Lagos.
L'Oréal is the world’s most valuable cosmetics brand, report
The iconic French brand continues to outshine its competitors, boasting a brand value approximately 80% higher than its closest rival.
Corporate communications agency LCH Consultancy appoints Evelyne Wangui as Director of media relations
As Director of Content and Media Relations, she will be pivotal in strengthening strategic services across the African region.
Pan-African legal firm Centurion Law Group rebrands as CLG
The rebrand aligns closely with the firm’s mission to consolidate its position as the leading legal practice and business advisor in an ever-evolving energy environment.
MENA region leads global growth in luxury travel, report
The appetite for new experiences in unexplored destinations, micro-trips and ‘bleisure’ will likely drive the growth of the global luxury travel market
African Union and Google Africa launch campaign to celebrate the creative economy
In celebration of Africa Month,YouTube creators across Africa are invited to share short videos capturing their unique perspectives using the #DiscoverMyAfrica hashtag.
EIB’s Water Sector Fund invests €10 million to support innovative businesses in Africa and Asia
W2AF is a “water-focused” blended finance impact fund targeting sustainable and scalable solutions that improve access to safe, affordable drinking water for underserved populations, mainly in Sub-Saharan Africa and South and Southeast Asia.
[Zoom Event, April 11 2024] Global Strategies for Success in Africa: Overcoming FX and Payment Hurdles
This event explores the vast potential and unique challenges of expanding businesses in Africa, focusing on mastering international pitches, understanding cultural nuances, and crafting pitches that highlight unique value propositions.
Mastercard and Women Choice expand partnership to invest in women entrepreneurs
Women Choice - an international organization dedicated to advancing women's personal and professional development - launched the pilot cohort in 2023.The next cohorts will be participating in the new programs this year and will aim to impact 50,000 women.
Unilever accelerates Growth Action Plan by launching productivity programme
Unilever has announced steps to accelerate its Growth Action Plan (GAP) through the separation of Ice Cream and the launch of a major productivity programme.
Nissan Africa announces regional appointments
Jordi Vila, currently Nissan Divisional Vice President Marketing and Sales Europe has been appointed as President Nissan Africa, as DVP.
Mark-Anthony Johnson: Is Africa splitting in two?
Mark-Anthony Johnson: Is Africa splitting in two?
Africa’s vibrant and sustainable creations
In many African communities, creativity knows no bounds. A unique and fascinating trend has emerged, where individuals repurpose flip-flops into remarkable crafts.
Nissan Navara to fly the flag up through Africa in daring expedition
Dubbed Nissan Daring Africa 2024, the expedition will visit Mozambique, Zimbabwe, Zambia, Malawi, Tanzania and Kenya before ending in Egypt.
[Column] Anthony Mwangi: Road towards gainful employment in Kenya: The Dual TVET approach
The evolving employment landscape demands a fresh perspective, one that champions the pragmatic alternative of Technical and Vocational Education and Training (TVET).
[Webinar] Complimentary expert session for Telecom leaders and Startups in Africa, March 21
Designed for telecom leaders and startups, thia event offers invaluable strategies for expanding services, managing FX risks, enhancing cross-border payments, and establishing credibility in the international arena.
Xsolla unveils new payment methods for gamers in Africa
This move addresses the unique financial landscape of Africa, where a significant portion of the population, particularly in regions like Ghana and Uganda, remains unbanked.
Southern African tourism stakeholders to get new regional disaster risk management and crisis communication plan
The SADC Business Council Tourism Alliance has concluded the successful completion of a pilot project on tourism disaster risk management and crisis communication for the Southern African Development Community (SADC) region.
IATA announces first signatories to Air Cargo Digitalization Leadership Charter
The Digitalization Leadership Charter aims to accelerate the air cargo industry’s digitalization journey by committing to five key guiding principles.
Village Capital unveils programme targeting African startups focused on greentech
The programme is designed to advance innovative and sustainable solutions, actively contributing towards building resilience and mitigating the effects of climate change across Africa.
AFC Joins Ecobank and Soto Gallery to Host +234Art International Art Exhibition to empower African artists
AFC has joined forces with Ecobank Nigeria and Soto Gallery to host the +234Art Fair, a 10-day international exhibition intended as a springboard to promote Africa’s art and its artists.
[Column] Farai Bayai Ncube: Bridging gender gaps in Africa’s creative sectors
The Creative DNA programme, initially successful in Kenya with three completed cohorts, has expanded to Ethiopia, Senegal, and Uganda, and plans to launch in more sub-Saharan African countries.
IATA partners with Smart Freight Centre on carbon emission calculations
The two organizations will focus efforts on developing the cargo component of IATA’s CO2 Connect offering, which successfully launched its passenger version in 2022.
DP World launches global freight forwarding network
In response to increasing disruptions to global trade – from climate change, geopolitics and macroeconomic challenges – DP World has embarked on a bold initiative to bolster its commitment to its customers.
IBM commits $45 million towards resilient cities
IBM also announced that it would increase investment in the pro-bono social impact program by 50%.
Global HR company Deel to acquire African payroll firm PaySpace
Global HR company Deel has announced that it is acquiring African-based payroll and HR solution company PaySpace for an undisclosed amount. It is one of Deel’s largest acquisitions to date.
Aviation experts push for a Model Bilateral Air Services Agreement
Aviation officials from the Eastern Africa-Southern Africa and Indian Ocean region are making steady progress in reviewing and having a model Bilateral Air Services Agreement (BASA) that conforms with the provisions of the Yamoussoukro Decision of 1999.
IATA and The Weather Company to provide enhanced turbulence-related weather data to airlines
With this enhancement, participating airlines will soon be able to access Eddy Dissipation Rate (EDR) turbulence data directly through Fusion and Pilotbrief tools by The Weather Company.
Lilium Group and Didier Drogba Foundation are now co-owners of Team Drogba in the E1 World Championship
Lilium Group, the parent company of Vista Group the African financial services group, and the Didier Drogba Foundation announce that they are co-owners of Team Drogba in the E1 World Championship.
DFC reaffirms commitment to scaling investment in African infrastructure and critical minerals
Deputy Chief Executive Officer (DCEO) Nisha Biswal traveled to South Africa and Zambia as part of the largest U.S. government delegation to Mining Indaba and the first Lobito Corridor Investors Forum and to deepen DFC’s investments on the continent.
TradeMark Africa partners with global organizations to boost international trade
With TMA funding of $4 million, IOTA developed TLIP, a system built on the distributed ledger technology providing a transparent and secure electronic exchange of trade information in international supply chains.
Uber is the world's most valuable mobility brand, study
Uber remains the world's most valuable mobility brand, with a 28% increase in brand value to $29.7 billion, according to the latest report by Brand Finance, the global brand valuation consultancy.
African healthtech shows resilience with mere 2% decline in funding while broader tech ecosystem plunges in 2023, report
Healthcare consulting firm Salient Advisory has launched its latest Intelligence Report, presenting findings on funding activity, covering grant, equity, and debt investments for African healthtech startups in 2023
Digital commerce in Africa to expand 25% per year by 2026, report
Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in 2024 and trailing only Asia as a region. This is according to the new annual Beyond Borders digital payments and commerce report by EBANX
TradeMark Africa receives $63 million from Netherlands to advance sustainable trade
This strategic investment will fuel TradeMark Africa’s Strategy 3, covering the period till 2030, aimed at driving green, sustainable economic growth, fostering innovative trade practices, and promoting inclusive trade across Africa.
[Column] Lizelle Strydom: Why skills development will always be a priority investment
January is the start of a brand-new year, and the time when millions of matriculants and recent graduates begin their search for employment.
[Column] Phylla Jele: Prioritizing people over processes for business success
The workplace today looks very different from the workplace people left behind when remote work was mandated in 2020. Not only did the work model change, but also the mindset of the average employee.
[Column] Moses Anibaba: Building connections and opportunities for young Africans
The next generation is essential to the continent’s development and to global shared interests in creating a safer, healthier, and more prosperous future for us all.
[Column] Vera Ng’oma: Propelling TEVET as Africa is set to be the world capital for young talent
Africa could seize this opportunity as it pursues a re-envisioning of its economic prospects. But this aspiration can only be attainable if education systems are revitalised, skills development philosophies re-set and job markets scaled to support the demographic boom.
[Column] Pankaj Bedi: Transform Kenyan human capital for sustainable growth
For any business, one of the most critical components of enhancing productivity and giving the company a competitive edge is a skilled and highly efficient workforce. The most industrialized nations attribute their development to a highly skilled workforce, among other factors.
COMESA, IOM sign agreement to strengthen cooperation
COMESA and the International Organisation for Migration (IOM) have signed a Memorandum of Understanding to build a cooperative working relationship in different areas of common interest which centers on managing migration and related activities in the Eastern and Southern African region.
HRLeverage expands into seven African countries
HRLeverage, a provider of outsourcing and Professional Employer Organization (PEO) solutions, has announced its expansion into Kenya and seven other African countries, including Uganda, Rwanda, Tanzania, Senegal, Nigeria and Zambia.
[Interview] Ayodeji Ayorinde, Co-founder, Artisankonect, Nigeria
Artisankonect is a Nigeran startup that helps outsource user requests to skilled persons. Africa Business Communities chats with Ayodeji Ayorinde, one of the founders.
Recommendations for better focus at work
There are activities - mostly our hobbies like betting - during which you completely forget the time. So you don't look at the clock or think about problems in the future or mistakes from the past.
[Column] Cathy Smith: With change the only constant, leaders will need to be adaptive in 2023
The last few years have revealed the futility of making predictions about what lies ahead. In our uncertain times, the only guarantee is that the world will keep changing, with change coming at an ever-accelerating rate.
Growing Crypto Market in South Africa - What Cryptocurrency is best to invest in?
Undoubtedly, trading crypto has become one of the primary sources of income for many people. In South Africa, a few people trade crypto full-time, while most treat it as a side hustle.
[Column] Anthony Mwangi: Reinvigorate Kenyan textiles and apparel sector to create jobs
This might surprise you, but Kenya is one of the global suppliers of big fashion brands in America.
[Column] Cathy Smith: Empowered employees walk the talk on social impact
But social impact requires more than just a clear sense of purpose. It requires concerted action to redirect resources and effort toward activities that hold the greatest potential for positive impact.
[Column] Millicent Clarke: Creating a strong employee value proposition that exceeds employee expectations
A workforce revolution has set in, one which business cannot ignore. While not too long ago, compensation and benefits were enough to attract and retain talent – this is no longer the case.
[Column] Shiraz Khota: How to beat the great resignation with human experience management
The past two years have shifted the goalposts for every company wishing to build a high-performance culture.
[Column] Vukani Mngxati: High time for a greater national effort in skills development
The skills required range from cyber security practitioners, data design and analytics to artificial intelligence and machine learning. Those who have these skills have become marketable commodities not only in South Africa but around the world.
[Column] Tobias Alando: Driving the business community’s participation in skills training
The ever-evolving trends in sectors such as manufacturing, technology, automation and climate change are changing the world of work, and together with it, the skills required to adapt and maintain a competitive edge.
[Column] Moses Anibaba: Education for employment
Africa has the youngest population in the world, representing an enormous opportunity for the continent’s growth and the opportunity to become leaders as global citizens – provided these energetic, creative young people can achieve their true potential.
[Column] Vukani Mngxati: Building trust in the workplace is mission critical
Earlier this year the global communications firm Edelman in its excellent annual Trust Barometer Survey found that close on seventy percent of those surveyed tended not to believe information until they saw evidence it was trustworthy.
[Interview] Michelle Matthews, Director, Viridian, South Africa
Following the rising levels of unemployment among young South Africans, the UK-South Africa Tech Hub Launch League initiative undertook a research project.
[Column] Phyllis Wakiaga: Role of productive jobs in improving quality of life
The growth of productive jobs by manufacturing means that many people will be able to support their dependants and live quality lives with access to basic amenities such as healthcare, education, clean water and food.
South Africa’s office and work-from-home plans have changed for 2022
In June 2021, an estimated 50% of the South African workforce was working from home full-time, with the Covid-19 pandemic fundamentally changing views on where and how people work best.
[Column] Titilayo Adewumi: West Africa’s circular economy efforts at the forefront of fostering a more sustainable future
The vast majority of population growth across the continent will be concentrated in urban areas. WEF data indicates that more than 80% of Africa's population growth between now and 2030 will be in cities, with Lagos growing at a pace of 77 people every hour.
[Column] Lizelle Strydom: How the BPO sector is giving African women a platform to grow
While training programmes can help bridge the skills gap for women from disadvantaged communities, it is vital that organisations develop a culture of mentorship to help women progress in their careers.
[Interview] Naike Moshi, Country Director, CVPeople Tanzania
CVPeople Tanzania is a talent acquisition and recruitment company that has for 6 years established itself as a frontrunner in the executive search and headhunting for clients across banking, telecom, and NGO sectors.
Eight responsibilities of which a warehouse manager must be aware
A warehouse manager has one of the most challenging jobs around. They have many responsibilities and have to oversee one of the most complex yet critically important aspects of the business.
Looming cash crisis threatens airlines, IATA
The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations.
Tackling youth unemployment in Kenya through sustainable waste management
Abdul Said Konde is a youth resident in Tudor informal settlement in Mombasa County. Like thousands of other young people across the country, he is not formally employed and the Covid-19 pandemic has made it even harder to access manual jobs.
[Column] Ntombi Mphokane: What will it take to tackle the global skills crisis?
If the World Economic Forum (WEF) is to be believed, then business across the globe could be facing a reskilling emergency.
[Column] Phyllis Wakiaga: Kenya economic recovery is anchored on saving lives and securing livelihoods
The International Labour Organization (ILO) highlights that protection of workers and their families from the risk of infection should be a top priority for all economies at this time.
[Column] Paulo de Matos: What manufacturers can do now to maintain continuity in the new normal
Manufacturers and distributors are operating in intensely pressured times. Stats SA reported that manufacturing output contracted for the ninth consecutive month in February of 2020.
[Column] Risha Isaac: How companies can restore employees confidence through health benefits
In light of the coronavirus pandemic, it has become even more critical for organizations to properly manage the impact of a disaster.
Most commodity prices to drop in 2020 as COVID-19 depresses demand, disrupts supply, World Bank
The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.
Economic impact of COVID-19 on African cities likely to be acute through a sharp decline in productivity, jobs and revenues, ECA
As part of its analysis to inform COVID-19 policy responses, the ECA is calling for adequate consideration of the vulnerability of city economies.
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COLUMNS.
[Column] Louis Avenant: Trends for African telcos in 2024
Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings ...read full column here
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[Column] Virodh Sunderlall: What to expect from South Africa’s cybersecurity landscape in 2024
As widely reported last year, South Africa received the most cybersecurity threats on the continent by far ...read full column here
[Column] Stephen Bottger: The power of data analytics to revolutionise public safety
The use of applications, technology and data analytics can play a significant role in public safety globally ...read full column here
INTERVIEWS.
[Interview] Chester Wisniewski, Director of Global Field CTO, Sophos
Chester Wisniewski, the Director of Global Field CTO at Sophos, emphasizes several key trends and predictions for the cybersecurity realm in the coming year … read full interview here
[Interview]: Daniel Otu, Koa’s Production and Operations Director & the factory project lead
Daniel Otu, Koa’s Production and Operations Director & the factory project lead, touched on the challenges faced, the importance of sustainability, the role of local culture, and the lessons that shaped Koa’s future vision … read full interview here
[Interview] Oluwole Eweje, CEO-WATT Renewables Corporation
We provide sustainability for communities, especially communities that have very few businesses … read full interview here