News

[Kenya] Equity Bank nets Ksh.100 billion of diaspora remittances

11-14-2019 | 18:20:36
Equity Group's diaspora remittance volumes hit Sh100 billion in the nine months to September, helping boost the lender's forex trading income to Sh. 2.84 billion in the period.

Africa has grasped the Fourth Industrial Revolution, needs to improve access to finance, skills and inclusive growth, AfDb report

11-13-2019 | 12:08:00
A report compiled by the African Development Bank reveals a continent that is embracing the brave new world of the Fourth Industrial Revolution but needs to improve access to finance, skills and inclusive growth.

World Bank approves $300m loan to support Moroccan municipalities’ performance

11-11-2019 | 09:01:00
The World Bank’s Board of Executive Directors has approved a €271.8 million loan ($ 300 million) to support the strengthening of Morocco’s municipalities.

Ethiopia’s mining sector has potential to stimulate economic growth & poverty reduction, Economic Commission Director

11-07-2019 | 12:30:00
Ethiopia’s mining sector has strong potential to contribute to the country’s long-term development, social progress and economic growth, according to acting Director of the Technology, Climate Change and Natural Resource Management, ECA.

More than 855,000 children remain out of school in North-West and South-West Cameroon, UNICEF

11-06-2019 | 11:36:00
Three years of violence and instability in the North-West and South-West regions of Cameroon has left more than 855,000 children out of school, UNICEF warns.

Kenya’s digital economy propels the country’s economic growth, more to be done for the economy, society and jobs of the future, World Bank

10-31-2019 | 06:24:00
As Kenya’s digital economy propels the country’s economic growth, a new World Bank economic update says more needs to be done to prepare citizens and businesses for the economy, society and jobs of the future.

[South Africa] Security spend on the rise, IDC report

10-31-2019 | 05:45:59
The global cybersecurity market is booming, the demand for cybersecurity solutions is huge and security spend has already started outpacing IT spend.

Madagascar remains on a robust growth trajectory but risks and policy challenges abound, World Bank

10-29-2019 | 10:30:00
While growth was held back in 2019, it remained generally robust and is expected to pick up to an average of 5.4% in 2020-21, according to World Bank's economic update on Madagascar.

South Africa's expenditure on R&D continues to grow, National R&D Survey

10-29-2019 | 09:17:00
Spending on research and development (R&D) in South Africa continues to increase although at a slower rate than before, according to the National Research and Experimental Development Survey.

African Development Bank, New Development Bank partner to promote impact projects on continent

10-28-2019 | 12:29:00
The African Development Bank and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans.

Lack of competition in broadband markets keeping millions offline, A4AI report

10-23-2019 | 09:34:26
Research published by the Alliance for Affordable Internet (A4AI) has found out that consolidated broadband markets are keeping prices high keeping millions of people offline.

Centrify poll reveals regional enterprises not taking action to secure privileged access to cloud

10-23-2019 | 05:03:00
Centrify, a leading provider of cloud-ready Zero Trust Privilege to secure modern enterprises, today announced results of an onsite poll conducted during GITEX 2019.

47 countries make reforms to help farmers grow business, 4 African countries among top improvers, World Bank

10-22-2019 | 08:42:00
Four countries in Sub-Saharan Africa are among the top ten reformers worldwide promoting favorable regulations for farmers in the areas measured, a report issued by the World Bank finds.

[Kenya] Equitel’s Mobile commerce payments records 16% growth

10-17-2019 | 09:20:48
Equitel has recorded a 16% growth in the number of mobile money commerce transactions, according to the latest data from the Communications Authority (CA).

[Angola] Drought and commercial cattle farming exposes tens of thousands to devastating hunger, Amnesty International

10-15-2019 | 11:33:00
Tens of thousands of pastoral farmers who have been driven off their land to make way for commercial cattle ranches have been exposed to a greater risk of hunger and starvation as drought grips southern Angola.
 
Features

[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya

08-22-2019 | 08:26:00
Kenya has paid a heavy price in lives lost for its slow uptake of LPG as a cooking fuel.

[Nigeria Business Week] Industries partner to reach common goals

01-10-2019 | 10:57:00
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.

[SA Business Week] Key sectors appointments and a busy air route

10-05-2018 | 16:19:00
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.

[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind

05-24-2018 | 13:15:00
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.

[Startup Interview] Renaldo Bothma, Managing Director, HomeFixer, South Africa

05-21-2018 | 11:34:00
Renaldo Bothma is a professional rugby player and founder of a new app, Homefixer, an app to help fix any household related issue at the push of a button.

[Column] Gilbert Saggia: Data - the fertilizer that will feed Africa's agricultural transformation

03-27-2018 | 13:27:00
Everywhere we look, technology is being touted as the enabler of a new era of African agricultural prosperity. The exciting world of possibilities offered by blockchain, IoT and machine learning has made companies, governments and policy-makers sit up.

[Column] Benjamin Coetzer: Combating cloud’s biggest security risk - the user

03-20-2018 | 10:54:00
Cloud is coming into its own. Forrester says that public cloud platforms, business services, and applications will reach $236B by 2020.

Nigerians seek next level shopping experience - Nielsen findings

10-16-2017 | 07:45:00
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.

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

06-01-2017 | 10:12:00
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 | 07:33:00
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 | 10:06:00
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 | 09:44:00
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 | 07:34:00
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 | 07:17:00
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 | 12:38:00
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.