News

Ecobank Group research reveals three key emerging trends for Africa

11-16-2017 | 07:51:03
The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, was launched today at AfricaFICC.

Global deal activity to accelerate in 2018, South African predictions dependent on political and economic environment

11-14-2017 | 08:02:00
The easing of key economic and political risks and the emergence of positive macroeconomic deal drivers will accelerate global deal activity in 2018, reveals the third edition of the Global Transactions Forecast issued by Baker McKenzie.

310 million LTE subscriptions in Sub-Saharan Africa by 2023 - Ericsson report

11-09-2017 | 11:39:00
The latest regional appendix to the upcoming Ericsson Mobility Report forecasts that LTE subscriptions will expand by 47 percent from 30 million in 2017 to 310 million by 2023 in Sub-Saharan Africa.

Continued investment in infrastructure could address missing inputs for African transformation, ECA

11-08-2017 | 10:58:00
A series of Economic Reports of Africa published by the UN Economic Commission for Africa between 2013 to 2016 argue that infrastructure development has a direct effect on the pace of industrialization and transformation of African countries.

[Tanzania] Zanzibar sees a slight decline in poverty except for Pemba

11-06-2017 | 09:51:00
Zanzibar saw a modest reduction of 4.5 percent in its basic needs poverty rate, and a one percent decrease in extreme poverty between 2010 and 2015.

Morocco maintains lead in North Africa in latest World Bank Doing Business report

11-03-2017 | 12:34:00
In the World Bank’s 2018 “Doing Business – Reforming to Create Jobs” report, Morocco again ranked number one in North Africa and third overall in the Middle East and North Africa region.

Cameroon makes significant strides in social services and infrastructure, AfDB report

11-03-2017 | 07:55:00
As the most robust economy in Central Africa, Cameroon, has in the past decade taken steps to further boost growth, making major advances in providing health, education and clean water to become a middle-income country by 2035.

African countries offer major investment opportunities to Belt and Road Initiative, Baker McKenzie report

11-02-2017 | 06:37:00
China's Belt and Road Initiative (BRI) is stepping up a gear, with new BRI-related projects estimated to be worth US $350 billion over the next five years.

Africa’s oil and gas industry needs to harness technology to stay ahead of the competition, PwC Oil and Gas review

11-01-2017 | 09:41:00
The oil & gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators.

Sub Saharan African economies set new record in reforming their business climate, World Bank Doing Business report

11-01-2017 | 07:18:00
Sub-Saharan Africa economies adopted a record number of business reforms for a second consecutive year, says the 15th anniversary edition of the World Bank Group’s annual Doing Business report.

Market competition for IT service providers in South Africa intensifies, Frost & Sullivan report

10-30-2017 | 08:50:13
The South African banking and financial services (BFS) sector is facing a number of global and domestic challenges, among them cyber security.

The Geography of Welfare in Benin, Burkina Faso, Côte d’Ivoire and Togo - World Bank report

10-27-2017 | 10:02:00
A new World Bank Group report titled The Geography of Welfare in Benin, Burkina Faso, Côte d’Ivoire and Togo explains the failure of the sub-region’s strong economic growth (above 5 percent, annually) to translate into benefits for the population.

Cote d'Ivoire sees supermarkets surge in last two years - Nielsen study

10-23-2017 | 14:08:00
Despite Cote d’Ivoire still being dominated by a traditional trade retail base, it has been found that the country’s Modern Trade arena has seen the greatest evolution in the last two years and therefore holds the most potential for growth.

Egypt Auto sales decline by 39% YTD 2017 compared to 2016

10-23-2017 | 10:40:04
Since late 2016, Egypt has been suffering severe foreign currency shortages, which has greatly affected the automobile sector due to the difference between the official exchange rates and the parallel market rates.

Macroeconomic difficulties put pressure on South Africa IT service market, IDC report

10-18-2017 | 13:53:18
The South African IT services market, while flat in U.S. dollar terms, grew 15.1% year on year in local currency terms in 2016.
 
Features

Nigerians seek next level shopping experience - Nielsen findings

10-16-2017 | 09:45:00
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 | 12:12:00
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 | 09:33:00
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 | 12:06:00
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 | 11:44:00
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 | 09:34:00
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 | 09:17:00
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 | 14:38:00
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 | 11:18:24
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 | 05:55:22
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 | 10:44:58
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 | 12:42:00
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 | 10:59:26
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.