News

Africa’s entertainment and media industry in wave of convergence, PWC

09-19-2018 | 11:55:17
Africa’s entertainment and media industry has entered a dynamic new phase - a third wave of convergence.

Egypt’s software piracy drop, legal reforms boost foreign investment

09-18-2018 | 09:02:00
Egypt has seen a two percent drop in its software piracy rate to reach (59%), the U.S.-based Business Software Alliance said in its recent study, released last June.

Morocco receives seven million tourists in seven months

09-17-2018 | 09:22:09
A total of 7 million tourists visited Morocco in the first seven months of 2018, up 7 percent year on year, according to statistics released by the Moroccan Tourism Ministry

[Nigeria] Insurance sector records 300% premiums growth in 10 years

09-17-2018 | 06:57:51
The Insurance Sector in Nigeria enjoyed a steady growth with Premiums increased of 300 per cent from N75 billion to over N300 billion between 2005 and 2015

Vibrant mobile money market drives Somalia’s economy

09-13-2018 | 13:32:44
Somalia’s economy is projected to grow at an annual rate of 3–4 percent, according to the third Somalia Economic Update (SEU) published by the World Bank.

Wind and solar farms to double rainfall in Sahara, study

09-13-2018 | 09:14:00
A new study led by University of Maryland (UMD) scientists conducted novel climate and vegetation model experiments to show that wind and solar farms could lead to a doubling of rainfall in the Sahara.

African Development Bank approves policy on non-sovereign operations

09-13-2018 | 06:44:00
The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO).

ICAEW says remittance income will drive economic growth for Africa

09-12-2018 | 10:17:30
The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions include; East Africa, West, and Central Africa, Franc Zone, Northern Africa, Southern Africa.

Nigeria, SA and Ivory Coast are Africa's highest reading populations

09-11-2018 | 08:22:00
Opera and Worldreader, the global nonprofit that believes everyone can be a reader, announced on the International Literacy Day that African mobile users have spent more than 4 millions hours of reading books on their mobile phones in 2018.

Marrakech emerges key African hospitality hotspot, Cairo next - data

09-10-2018 | 06:55:00
Based on H1 2018 figures from STR, provider of data and analytics for the global hotel industry, Marrakech has emerged as a standout performer among key African cities.

Power outages in Sub-Saharan Africa cost companies 31% in sales

09-06-2018 | 09:01:28
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.

[Kenya] Longhorn Publishers bets on strategic plan to grow profits

09-06-2018 | 06:38:29
Longhorn Publishers PLC has recorded a 17 per cent increase in turnover to close at Shs 1.69 billion against the previous year turnover of Shs 1.45 billion.

[Kenya]Firms raised payroll numbers in August, Stanbic Index

09-05-2018 | 13:26:00
Operating conditions across Kenya’s private sector improved at a marked pace during August, reflecting sharper rises in output and new orders.

Political will in Ethiopia, Rwanda transforms agriculture, AGRA report

09-05-2018 | 11:55:59
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.

Mombasa, Mt. Kenya best areas for retail real estate, Cytonn report

09-05-2018 | 06:49:00
Cytonn Real Estate, the development affiliate of Cytonn Investments,has released its Kenya Retail Sector Report - 2018.
 
Features

[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.

[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.