News

New study reveals economic toll of malnutrition to the Gambia's economy

01-28-2020 | 07:34:00
The economy of The Gambia is losing 3.96 billion Gambian Dalasi (US$83 million) a year, about 5.1 percent of the country’s annual Gross Domestic Product (GDP) due to the effects of child undernutrition, according to a new study.

Millions of children in the MENA region missing out on education, UNESCO, WFP

01-28-2020 | 06:57:00
The UNESCO Regional Office for Education in the Arab States and the United Nations World Food Programme have said that protracted crises in the MENA region have put 15 million children out of school.

African tech startup funding hits $491m in record-breaking 2019, Disrupt Africa report

01-23-2020 | 13:01:41
2019 was the best year yet for investment into the African tech startup space, with 311 companies banking a combined US$491.6 million.

AfDB, UN and World Bank launch 2019 Needs Assessment Report to spur economic recovery in Zimbabwe

01-15-2020 | 15:08:00
The African Development Bank (AfDB), United Nations (UN) and the World Bank Group launched the Zimbabwe 2019 Joint Needs Assessment Report.

Nine out of 10 CISOs say the board asks them for advice, but half of companies still lump cybersecurity into IT budget

01-15-2020 | 08:50:00
The vast majority (89%) of Chief Information Security Officers (CISO) are regularly summoned by the board of directors to provide recommendations for the business.

Two-thirds of industrial organisations don’t report cybersecurity incidents to regulators, Kaspersky report

01-08-2020 | 05:12:00
A recent Kaspersky survey has discovered that two-thirds (67%) of industrial organisations do not report cybersecurity incidents to regulators.

Consumer driven growth, low global commodity prices key to boosting Kenya GDP growth, ICAEW report

01-02-2020 | 05:40:37
Consumer driven growth and low commodity prices are driving Kenya’s GDP growth according to a new report from the Institute of Chartered in England and Wales (ICAEW): Economic Update: Africa Q4 2019.

ECOWAS records 3.3% growth in 2019, investments hit $20b

12-30-2019 | 07:35:00
Despite security challenges experienced by the Economic Community of West African States, growth within the region hit 3.3% while investments from development agencies like the African Development Bank rose to $20 billion.

Lesotho reduces poverty, nearly half of population remains poor, World Bank

12-19-2019 | 12:09:00
A new Lesotho Poverty Assessment finds that poverty fell over a 15-year period, but poverty remains widespread with nearly half of the population living in poverty and 75 percent of the population either poor or vulnerable to poverty.

Uganda, Ghana, Botswana have most women business owners in the world - Mastercard Index

12-19-2019 | 10:16:00
The third edition of the Mastercard Index of Women Entrepreneurs has listed three African countries as global leaders in terms of women-owned businesses.

[Kenya] Jumia attracts over 100M unique visits during Jumia Black Friday 2019

12-18-2019 | 05:17:35
E-commerce company Jumia has reported that the 2019 Black Friday had hit a record high, attracting over 100 million unique visits to Jumia's website.

[Malawi] World Bank economic analysis urges for more investments in nutrition for stronger human capital

12-12-2019 | 11:47:43
Malawi’s high levels of stunting and under-nutrition have led to estimated losses of $597 million per year due to increased healthcare costs and lower labor productivity and will continue to lead to lower wages and lost economic output in the future.

Economic diversification can create more, better jobs in Ghana, World Bank report

12-11-2019 | 14:21:00
Ghana’s economic growth has been strong over the past decade, with annual GDP per capita growth at 4.4 percent between 2006 and 2017.

[South Africa] Africa’s DPO Group reports a 35% jump in Black Friday online payments

12-11-2019 | 03:26:16
DPO Group has reported a record 35% year on year increase in the number of digital transactions made in South Africa on its platform on Black Friday,

[Kenya] Jumia Food Index report predicts a 50% increase in On-Demand deliveries in 2020

12-04-2019 | 05:14:00
Jumia Food has launched the Kenya Food Index. The food index predicts a 50 percent increase in On-Demand deliveries in 2020.
 
Features

[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya

08-22-2019 | 08:26:00
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 | 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.