News

Malawi, Zambia records drop in trade flows, report

06-02-2020 | 07:54:00
Malawi and Zambia recorded reduced trade flows in March and April according to the latest report from the COMESA Statistics on COVID 19 Impacts on Trade.

Dangote, MTN emerge most admired African brands

05-29-2020 | 07:21:00
For the third time in a row, Dangote has emerged as the most admired African brand, of African continent origin, by consumers, paired with the telecommunication giant, MTN.

Covid-19 causes biggest fall in global energy investment in history, report

05-28-2020 | 12:06:00
The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year from fossil fuels to renewables and efficiency, the IEA said in a new report.

COVID-19 intensifies urgency to expand sustainable energy solutions worldwide, report

05-28-2020 | 07:12:00
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals new report.

Africa Regional Integration Index calls on continent to build more resilient economies through integration

05-26-2020 | 10:08:00
The second Africa Regional Integration Index (ARII 2019) was launched by the Economic Commission for Africa (ECA), the AfDB and the African Union Commission, with a call to action to African economies to deepen their integration.

[South Africa] Reusable shopping bags have lower environmental impact, CSIR

05-26-2020 | 07:24:00
The Council for Scientific and Industrial Research (CSIR) released the findings of a life cycle sustainability assessment (LCSA) of grocery carrier bags in South Africa.

[Kenya] Bankers survey projects pandemic-led business slowdown, highlights commitment to support economy

05-20-2020 | 13:42:00
The Kenyan banking industry anticipates a business decline this year as the Coronavirus Disease (COVID-19) continues to affect economic activity across sectors.

Horn of Africa borderland communities can achieve economic prosperity, World Bank

05-20-2020 | 06:27:55
Borderlands across the Horn of Africa are isolated, poor, and insecure, yet they hold real economic potential driven by a wealth of natural resources and some of the world’s most rapidly growing economies.

COVID-19 poses formidable threat for fragile states in Middle East, North Africa, IMF

05-15-2020 | 09:39:00
COVID-19 will trigger a sharp drop in household incomes in Middle East and North African (MENA) countries that are fragile and in conflict situations, such as Afghanistan, Djibouti, Iraq, Lebanon, Sudan, and Somalia.

COVID-19 triggers marked decline in global trade, study

05-14-2020 | 13:33:00
The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.

COVID-19 to slash global economic output by $8.5 trillion over next two years, WESP

05-14-2020 | 09:35:00
Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report.

Egypt’s growth to slow sharply in 2020 due to COVID-19, EBRD

05-13-2020 | 08:51:00
Egypt’s economy will slow sharply this year because of the impact of the coronavirus, but will avoid a recession, according to the latest forecast by the EBRD.

Morocco’s GDP to shrink by 2% cent in 2020, EBRD

05-13-2020 | 08:40:00
Morocco’s economy will decline by 2 per cent in 2020 because of the economic impact of the coronavirus pandemic, but a 4 per cent rebound is expected in 2021, according to the latest forecast by the EBRD.

World tourism remains at standstill as 100% of countries impose restrictions on travel, UNWTO

05-12-2020 | 06:22:00
New research from the United Nations World Tourism Organization (UNWTO) shows that 100% of global destinations continue to have restrictions on travel in place, and 72% have completely closed their borders to international tourism.

Mineral production to soar as demand for clean energy increases, World Bank

05-11-2020 | 15:32:00
A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies.
 
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.