News

Marriott leads Africa’s hotel growth - W Hospitality Group survey

04-24-2018 | 09:39:00
Marriott International tops this year’s table for the most planned new hotel rooms under construction in Africa, according to the influential annual hotel pipeline survey by W Hospitality Group.

Maroc Telecom Q1 revenue up 5.6% as Morocco mobile services return to growth

04-23-2018 | 09:47:04
Maroc Telecom's revenues for the first quarter increased to MAD 8.99 billion, up 5.6 percent at constant exchange rates thanks to significant revenue growth in Morocco and at its African subsidiaries.

Anglophone West African countries weather odds to project bright economic prospects, Ecobank research

04-23-2018 | 06:26:19
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.

Economic growth in Africa rebounds, but not fast enough - World Bank analysis

04-19-2018 | 08:41:00
Sub-Saharan Africa’s growth is projected to reach 3.1 percent in 2018, and to average 3.6 percent in 2019–20, says Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, released today.

KCB Group retains its position as the most attractive bank in Kenya, Cytonn Investments Report

04-17-2018 | 13:17:36
Cytonn Investments has released its 2017 Banking Sector Report, which ranks KCB Group as the most attractive bank in Kenya, a position it has retained since 2015, supported by a strong franchise value and intrinsic value score.

[Kenya] Mobile commerce deals pass $10b mark

04-17-2018 | 09:09:34
The value of mobile commerce transactions in Kenya has passed the Ksh1 trillion ($10 billion) mark for the first time.

Process oil demand to grow fastest in Africa, study

04-17-2018 | 07:11:26
Global process oil demand is forecast to grow 1.4 per cent per year to 7.2 million metric tons in 2021.

Sirdar Group launches African first research survey into boards of privately held companies

04-17-2018 | 06:58:00
Remuneration and performance of boards of directors has been the subject of extensive conceptualization and empirical research over many years.

[Kenya] Safaricom’s voice market share declines as competitors gain

04-13-2018 | 13:00:00
Safaricom’s share of the mobile voice market and subscriptions dropped by 4.4 and 2.8 percentage points respectively in the three months to December 2017, according to data from the Communications Authority of Kenya, CA.

Twenty percent of South African firms have no women in senior roles, report

04-13-2018 | 10:30:00
While the overall business environment for women appears to be improving in South Africa, there is a clear divide between businesses that are gender-equitable and those that aren’t.

Poverty in Kenya declines significantly, but unlikely to be eradicated by 2030, World Bank Economic Update

04-13-2018 | 08:17:00
The proportion of Kenyans living on less than the international poverty line, $1.90 per day in 2011 PPP, has declined from 43.6 percent in 2005/06 to 35.6 percent in 2015/16, according to the 17th edition of the Kenya Economic Update.

[Tanzania] Acacia Mining weathers tough times to post solid quarter one performance

04-13-2018 | 06:11:53
“Acacia continued to demonstrate resilient operating performance and delivered solid production of 120,981 ounces of gold in the first quarter across the Group, which sets us in good stead to deliver against our full year guidance of 435,000-475,000 ounces.”

Egypt’s non-oil exports rise to $3.8b in 2 months

04-12-2018 | 10:13:00
Egypt’s non-oil exports recorded $3.8 billion in the first two months of 2018, with an increase of $500 million, compared to $3.3 billion in the same months of 2017, according to General Organization for Export and Import Control.

More strategic investment in Africa’s ports can accelerate growth and development by strengthening trade – PwC report

04-12-2018 | 08:28:00
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value.

Kenya economic growth to rebound by 5.5 per cent in 2018 up from 4.8 per cent in 2017, World Bank

04-11-2018 | 12:03:00
Kenya’s GDP growth is projected to recover to 5.5% in 2018 up from an estimated 4.8% in 2017. Over the medium term, economic activity is expected to gain momentum, steadily rising to 6.1% by 2020.
 
Features

[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.

[Column] Mariam Abdullahi: Africa’s mobile revolution: strategic focus areas for telcos in 2017

03-24-2017 | 04:55:22
Despite on-going economic challenges and some tricky regulatory issues, Africa is fast approaching the 1bn mobile subscriptions landmark. The continued rollout of 3G and 4G networks, as well as an influx of low-cost smartphone

[Column] Jens Ischebeck: Edtech - A growth area for Africa

03-20-2017 | 09:44:58
EdTech is the use of digital education technology to facilitate teaching and learning. It’s a rapidly expanding sector with enormous potential. Providers around the world are now incorporating education technology into their delivery strategies.

[Interview] Debbie Goodman-Bhyat, CEO Jack Hammer, South Africa

03-07-2017 | 11:42:00
CEO of South African executive search firm Jack Hammer, Debbie Goodman-Bhyat, discusses the growing shift from expat hire to local executive leadership in African organizations.

Samsung emerges Africa’s most admired brand

03-06-2017 | 09:59:26
African Business magazine in partnership with Brand Africa, Brand Finance, GeoPoll and Kantar TNS has released the results of the Top 100 brands in Africa.