News

[Kenya] Kenindia raises interest on retirement funds as investment income rise

05-23-2019 | 15:00:27
Kenindia Assurance has increased interest payable on retirement funds under its management to 11.5% for the year December 2018. This is a rise from the 11.25% it posted in 2017.

[Kenya] KCB Group Q1 2019 net profit up 11% to KShs. 5.8 billion, report

05-23-2019 | 10:35:00
KCB Group net profit grew 11% to KShs. 5.8 billion in the first quarter of 2019 from KShs. 5.2 billion reported the same period last year.

South Africa faces weak long-term growth outlook and rising debt, credit profile resilient to shocks, Moody's report

05-16-2019 | 09:17:00
South Africa's new government faces significant challenges in raising growth, stabilizing debt, and strengthening State-Owned Enterprises and institutions, Moody's Investors Service said in a report.

Global economic stress weighs on business in EMEA emerging-market economies, Moody's report

05-14-2019 | 10:46:00
Emerging markets in 2019 are facing slower global growth, shifts in trade policies and geopolitical risks, according to a new Moody's report.

Global partners approve $61.8m toward AfDB initiative for women entrepreneurs

05-14-2019 | 06:08:00
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa program.

Egypt heads Africa hotel development, Nigeria, Morocco, Ethiopia follow - W Hospitality survey

05-09-2019 | 13:25:00
The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11thannual survey by W Hospitality Group.

$130 billion opportunity in digital skills across Sub-Saharan Africa, IFC report

05-09-2019 | 05:51:00
Demand for digital skills in Sub-Saharan Africa is expected to grow at a faster rate than in other markets, according to a new report released by the International Finance Corporation (IFC).

Ethiopia, Rwanda and Kenya to drive Sub-Saharan Africa construction sector growth, report

05-08-2019 | 06:39:00
Sub-Saharan Africa construction activity is forecast to grow across the region, despite a number of significant risk factors that threaten to limit economic growth in the region accordin to Mace’s latest Market report.

Ethiopia benefits from tax policy reform, AfDB report

05-06-2019 | 10:12:00
Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources.

World Bank, Egypt sign $200m agreement to promote local economy

05-06-2019 | 07:04:00
The World Bank and Egypt have yesterday signed an agreement to support the next generation of reforms in Egypt focused on promoting entrepreneurship and creating more job opportunities particularly for young people and women.

Insurance CEOs optimistic about digital transformation, PwC survey

05-02-2019 | 11:47:00
Globally, leading insurance companies are embracing the future and capitalising on technological advancement and innovation much faster than other industries.

[South Africa] Absa PMI rose to 47.2 index points in April, report

05-02-2019 | 11:00:00
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 2.2 points to reach 47.2 index points in April. This was the first increase after three months of declines in the headline PMI.

[South Africa] Cell C tops in customer service and consumer positivity, BrandsEye report

05-02-2019 | 07:57:00
Cell C has been placed top among South Africa's telecommunications sector for fastest customer response and most positive sentiment among consumers using social media in BrandsEye’s latest report on the industry.

[South Africa] Telcos ignore half of all consumer complaints on social media

05-02-2019 | 07:40:14
South African consumers have threatened to quit networks as half of all complaints on social media go unanswered by mobile operators.

Kaspersky Lab spotlights cybersecurity trends in Africa, the Middle East and Turkey

05-01-2019 | 06:45:12
Kaspersky Lab reported more than 150 million malware attacks in Q1 alone, representing an average of 1.6 million attacks per day, and an alarming 108% increase over Q1 2018.
 
Features

[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.

The Global Gig Economy and its Implications for African Digital Workers - Professor Mark Graham

03-27-2017 | 09:18:24
Oxford professor Mark Graham, addressing the 4th UNI Africa Conference in Dakar, Senegal, warned of the danger of ‘parasitic capitalism’ where digital companies give little back to the places where they are embedded and platform workers are left to fend for themselves.