News

African trade finance sees $5b in portfolio outflows in Q1 2020 due to Covid-19 but opportunities exist, report

04-23-2021 | 05:57:00
Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown.

Nigeria Suffers Mobile Malware Epidemic with 1 In 9 Android Phones Now Infected

04-22-2021 | 06:39:00
Mobile users in Nigeria have been impacted by mobile malware during the COVID-19 pandemic. This is according to a new report by mobile technology specialist, Upstream and its full-stack anti-fraud platform, Secure-D

Global Fund report shows massive disruption to healthcare caused by COVID-19 in Africa and Asia

04-14-2021 | 11:04:00
A new report by the Global Fund to Fight AIDS, Tuberculosis and Malaria shows COVID-19 has massively disrupted health systems and health service delivery for HIV, TB and malaria in low- and middle-income countries in Africa and Asia in 2020.

Two thirds of META consumers would shun an online service provider following a data breach, Kaspersky

04-12-2021 | 06:45:39
Two thirds of META consumers (65%) would walk away from an online service provider if it suffered any form of data breach, according to a study of 15,000 consumers worldwide, conducted by Kaspersky.

MENA economies face rapid accumulation of public debt, strong institutions will be key to recovery, World Bank

04-06-2021 | 08:52:00
The COVID-19 pandemic exacerbated long-standing development challenges in the Middle East and North Africa (MENA) region, contributing to a rise in poverty, a deterioration of public finances, an increase in debt vulnerabilities.

Sub-Saharan Africa poised for recovery amid recession, World Bank

03-31-2021 | 07:26:00
The economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic.

Almost a fifth of online users across META always allow apps and services access to microphones or webcams, Report

03-29-2021 | 06:42:00
Almost a fifth (18%) of online users across META always give apps and services permission to access their microphone or webcam, according to a global study of 15,000 people conducted by Kaspersky.

Mozambique’s economy growth expected to rebound by 2022, World Bank

03-05-2021 | 06:57:00
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path of the COVID-19 pandemic.

Telecoms sector, others take Nigeria out of recession as sector boosts GDP by 12.45%, report

02-25-2021 | 13:42:00
Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country out of recession in the fourth quarter of 2020.

COVID-19 pushes Rwanda into recession, severely impacts human capital

02-09-2021 | 08:59:00
The Rwandan economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction.

79% of Kenyan Consumers are Shopping More Online Since the Start of Pandemic, Mastercard Study

02-04-2021 | 09:22:40
A Mastercard study on consumer spending* has revealed that nearly four out of five (79%) surveyed consumers in Kenya are shopping more online since the onset of the COVID 19 pandemic.

Global fisheries and aquaculture hard hit by COVID-19 pandemic, FAO reports

02-04-2021 | 06:50:00
Global fisheries and aquaculture have been hard hit by the COVID-19 pandemic and could face further disruption in 2021 as lockdowns affect supply and demand across the sector, according to a report by the Food and Agriculture Organization (FAO).

[Kenya] KenGen announces Ksh.13 Billion profit for the year ended June 2020

01-28-2021 | 12:28:12
Energy producer KenGen, has announced a Ksh.13.9 Billion profit before tax for the Financial year ended June 2020. This translates to 8.3% growth in profit from the previous financial year.

Over 100 million global Travel & Tourism jobs could be recovered in 2021, WTTC

01-22-2021 | 06:34:00
More than 100 million jobs could return to the global Travel & Tourism sector during 2021, as the world recovers from the crippling COVID-19 pandemic, says the World Travel & Tourism Council (WTTC).

Africa’s electricity unlikely to go green this decade, report

01-15-2021 | 11:52:00
New research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix, posing potential risk to global climate change commitments.
 
Features

[Interview] Stephan Eyeson, fondateur et PDG, Survey54

04-09-2021 | 09:57:00
L'entrepreneur Britanique-Ghanéen, Stephan Eyeson, est actuellement PDG et fondateur de la société panafricaine de collecte de renseignements sur les consommateurs, Survey54.

[Interview] Stephan Eyeson, Founder & CEO, Survey54

03-30-2021 | 10:06:00
British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54.

Rystad Energy analysis shows Africa’s renewable energy capacity is set for consecutive years of growth

02-08-2021 | 09:50:11
Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows.

[Africa Business Panel] 6 percent of African Business Professionals expect their companies not to survive the Covid-19 Crisis

02-08-2021 | 09:50:00
About 2/3 of the African companies (62%) say they are struggling but will survive. Almost a third of companies (29%) say they are doing well and the near future is looking good

New analysis shows onshore wind potential across Africa enough to power the entire continent many times over

10-01-2020 | 08:47:00
Developing Africa’s huge onshore wind energy potential can boost its transition to affordable and reliable clean energy. For the first time ever, wind and solar made up the majority of the world’s new power generation in 2019.

[Survey] Threats and Opportunities for African Business in 2020 and beyond

09-26-2020 | 10:37:00
As a valued member of Africa Business Communities, we invite you to participate in this a survey to better understand the impact of COVID19 on the current economy in general and within specific industries, but also look at the near future

Finance for renewables in developing countries on the rise, IRENA highlights

09-23-2020 | 07:12:00
Global finance to developing countries in support of clean and renewable energy reached $21.3 billion in 2017, which almost doubles the level from 2010 when international financial flows were at $10 billion.

[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.

Your complimentary report: Lessons learned from Africa's massive data breach

10-23-2018 | 09:35:00
Cybercrime has dominated South Africa’s news headlines throughout the course of 2018, as one high-profile attack follows another on an almost monthly basis

[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.