News

QNB most valuable banking brand in Africa and Middle East, Brand Finance report

01-23-2019 | 06:26:57
QNB Group, the largest financial institution in the Middle East and Africa (MEA), has been recognized as the most valuable banking brand in the MEA with a brand value worth US $5.04 billion.

Solar-plus-storage beats combined-cycle gas in Jordan and Morocco, study

01-22-2019 | 14:51:00
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.

International tourist arrivals to Africa grew seven per cent above the world average in 2018, report

01-22-2019 | 07:00:00
Africa and Middle East Middle East grew above the world average while Asia and the Pacific and Europe grew at 6%; 2018 totaled 1.4 billion international tourist arrivals.

[Kenya] Customers not ready for robotic agents but value mobile banking, survey

01-22-2019 | 06:15:00
Bank customers in Kenya have not yet warmed up to the idea of robots and artificial intelligence and would rather have humans handle their customer service needs.

[Tanzania] Number of mobile money subscribers rises 4.7%

01-21-2019 | 09:43:23
The number of mobile money subscribers rose by 4.7 per cent during the third quarter of last year as telecommunication operators intensified their competition amid changing market sentiments.

Africa needs 12 million new jobs yearly to stop rising unemployment, report

01-18-2019 | 06:31:00
Africa's general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020.

Financial services, renewable energy fastest growing sectors in Africa, London Stock Exchange Group report

01-17-2019 | 06:39:00
London Stock Exchange Group has launched the second edition of its 'Companies to Inspire Africa' report, identifying and celebrating some of Africa's most dynamic growth businesses.

Governments should do more to unlock the potential of technology to facilitate tax compliance, PwC and World Bank report

01-16-2019 | 10:55:07
Tax authorities could do more to realise the full potential of new technology to reduce the tax compliance burden on taxpayers, according to the 2019 edition of the annual Paying Taxes report, produced by PwC and the World Bank Group.

South Africa accounts for 90 per cent of global platinum mining market, report

01-16-2019 | 06:20:35
Global Platinum Mining to 2022 report has been released providing a comprehensive coverage on global platinum industry.

North Africa, Middle East economic growth improve on strengthened oil exports, imports, World Bank

01-15-2019 | 09:36:00
Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers.

December survey completes strong year of growth for Kenya, Stanbic Bank report

01-10-2019 | 09:22:00
Kenyan private sector businesses enjoyed a solid improvement in operating conditions during the month of December, 2018.

Sub Saharan Africa to add 16 million pay TV subscribers by 2024, report

01-10-2019 | 06:58:51
Sub-Saharan Africa is forecast to add more than 16 million pay TV subs between 2018 and 2024 to bring the total to 45.63 million.

Africa’s 50 most funded tech companies in 2018 raised a total of $618M, report

01-09-2019 | 06:30:59
Africa’s 50 most funded tech companies in 2018 raised a total of $618M according to the Digest Africa INDEX, an annual report that summarises Africa’s technology investment landscape.

Malawi among top 10 African exporters of apparel to the United States, Report

01-08-2019 | 13:11:00
Malawi has been named a distant 10th of the top 15 African Exporters of Apparel to the United States under the African Growth & Opportunity Act (AGOA) Trade preference programme.

AfDB approves $14.12m to support Nigeria’s membership in African Trade Insurance Agency

01-08-2019 | 12:03:00
The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency.
 
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.