News

Sub-Saharan Africa to reach 70 million 5G subscriptions by 2026, Ericsson

07-08-2021 | 07:35:00
Ericsson projects that 5G mobile subscriptions will exceed 580 million by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day.

1.1 million web attacks exploited the gaming theme worldwide in April 2021, Kaspersky

07-05-2021 | 07:39:59
Kaspersky researchers found that there was a significant increase in the number of web antivirus detections for sites with names that exploit the gaming theme.

Multilateral Development Banks climate finance rose to $66 billion in 2020, report

07-01-2021 | 11:18:00
Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance.

New Cybereason Ransomware Study Reveals True Cost to Business

06-21-2021 | 07:44:00
The study reveals more than half of organizations have been the victim of a ransomware attack, and that 80% of businesses that chose to pay a ransom demand suffered a second ransomware attack, often at the hands of the same threat actor group.

64% of Kenyan businesses unaware of privacy laws, study

06-21-2021 | 07:23:00
According to a recent survey, only 36% of Kenyan businesses are aware of privacy laws governing their marketing activities, despite Data Protection Act (DPA) being in effect since 2019.

[Kenya] Equity Digital Banking overtakes legacy banking in volumes in Q1 2021

06-07-2021 | 06:34:34
Equity’s digital business transformation model continues to pay off through innovation and digitization enabling a seamless transition from fixed cost to 3rd party variable cost channels and self-service platforms.

Ugandan remittances decline but still are a lifeline for rural people, IFAD

06-02-2021 | 13:42:00
The impact of the COVID-19 pandemic on the global economy and job security for Ugandan migrant workers around the world has reduced the amount of money they are sending back home to their families.

Women can add nearly $300b to e-Commerce in Southeast Asia and Africa, IFC reports

05-28-2021 | 08:55:00
The e-Commerce markets in Southeast Asia and Africa could grow by over $280 billion and $14.5 billion respectively between 2025 and 2030, according to two IFC reports.

South Africa online retail leaps to R30 billion, report

05-12-2021 | 17:04:00
The online retail in South Africa more than doubled in just two years, due to the explosion in demand for home deliveries brought about by the Covid-19 pandemic, according to new research findings.

Consumer Appetite for Digital Payments Takes Off in Kenya, Mastercard Payments Index

05-06-2021 | 09:44:01
Research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow.

MENA energy investments to exceed $805b over next five years, APICORP

05-04-2021 | 16:31:00
The Arab Petroleum Investments Corporation (APICORP), estimates in its MENA Energy Investment Outlook 2021-2025, that overall planned and committed investments in the MENA region will exceed $805 billion over the next five years.

Global electric car sales set for further strong growth after 40% rise in 2020

04-30-2021 | 09:31:00
New International Energy Agency (IEA), report sees major expansion in electric vehicle adoption this decade, which could accelerate further if governments implement policies aimed at reaching net zero goals.

[Egypt] Economy pandemic losses top $23.6b, eyeing 7% growth over next three years

04-28-2021 | 11:32:00
Egyptian economic losses arising from the pandemic have reached 370 billion Egyptian pounds ($23.6 billion).

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

04-23-2021 | 07:57:00
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 | 08:39:00
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
 
Features

[Interview] Stephan Eyeson, fondateur et PDG, Survey54

04-09-2021 | 11:57:00
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 | 12:06:00
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 | 10:50:11
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 | 10:50:00
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 | 10:47:00
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 | 12:37:00
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 | 09:12:00
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 | 10:26:00
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 | 11:57:00
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 | 11:35:00
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 | 18:19:00
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 | 15:15:00
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 | 13:34:00
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 | 15:27:00
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 | 11:54:00
Cloud is coming into its own. Forrester says that public cloud platforms, business services, and applications will reach $236B by 2020.