News

Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber

04-07-2020 | 10:07:11
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.

Reform policy to boost Kenya’s mobile connectivity, GSMA report

03-25-2020 | 12:44:00
A report released by the GSMA says that Kenya is making excellent progress to achieve its target of universal broadband coverage by 2030 and there is an opportunity for the government to accelerate the country’s digital transformation.

Nigeria, Ghana smartphone markets in good shape, COVID-19 casts dark shadow in West Africa, IDC

03-18-2020 | 06:21:00
Nigeria's smartphone market grew 5.3% quarter on quarter in Q4 2019, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).

East Africa smartphone markets records strong growth, COVID-19 set to hit shipments, IDC

03-17-2020 | 10:53:00
Kenya's smartphone market saw shipments increase 20.3% year on year in Q4 2019, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).

Central Africa faces double-jeopardy with coronavirus, economic diversification paramount

03-17-2020 | 07:49:00
Economies within the Economic Community of Central African States (ECCAS) will collectively have a 4.7 percentage point drop in their projected GDP growth this year as a result of the severe impact of the Coronavirus outbreak.

[South Africa] Santam maintains solid performance in low growth environment, report

03-10-2020 | 13:23:00
Santam has reported solid operational results for 2019, notching a 7% Gross Written Premium (GWP) growth and 7.7% underwriting margin (2018: 9.2%) for the conventional insurance business.

New report highlights significant gains from AfCFTA implementation in East Africa

03-10-2020 | 10:37:32
The implementation of the AfCFTA in Eastern Africa could result in welfare gains amounting to USD 1.8 billion for East Africa, boosting intra-African exports by more than USD 1.1 billion and creating more than 2 million new jobs, says a new report.

[South Africa] Absa PMI declines for a 4th consecutive month in February

03-06-2020 | 09:46:05
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 in February 2020.

[South Africa] Standard Bank reports resilient results for 2019 financial year

03-06-2020 | 06:23:00
Standard Bank Group’s results for the 2019 financial year are underpinned by the growth and resilience of its core operations, the constrained macroeconomic environment and ICBCS losses impacted the group’s results.

Middle East and Africa personal computing devices market suffers slight decline, IDC

03-04-2020 | 11:42:00
The Middle East and Africa personal computing devices market, which is made up of desktops, notebooks, workstations, and tablets, suffered a slight year-on-year decline in shipments during the final quarter of 2019, according to IDC.

PWC survey indicate a decline in economic crimes in Kenya as losses hit Ksh 5.5bn

03-04-2020 | 09:55:26
Overall, the prevalence of economic crimes in Kenya has decreased with 58% of the respondents indicating that they have experienced some form of economic crime in the last 24 months down from 75% reported in 2018

[Kenya] KenGen announces half and full year results, indicates 4.3% growth in profit

03-02-2020 | 08:29:00
KenGen has released the unaudited results for the half-year ended 31st December 2019 and full year ended 30th June 2019, indicating a 4.3 per cent growth in profit before tax for the half year period ending December 31st, 2019.

[Kenya] Over 80% of bank customers satisfied with industry service standards, technology, KBA report

02-28-2020 | 14:07:00
According to this year's edition of the Kenya Bankers Association (KBA) Customer Service Satisfaction Survey, bank clients rated their satisfaction level at 83 percent based on banks' responsiveness and service quality.

Nearly 50% of organisations have dedicated cyber threat Intelligence team, but 57% lack trained staff, report

02-27-2020 | 06:08:37
A survey by SANS Institute results indicate that just under 50% of respondents’ organisations have a team dedicated to CTI, up from 41% in 2019.

Over 40% of privacy compliance tech will rely on AI in the next three years, Gartner report

02-26-2020 | 13:47:45
Over 40% of privacy compliance technology will rely on artificial intelligence (AI) by 2023, up from 5% today, according to a new report by Gartner.
 
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.