News

Over 100 million global Travel & Tourism jobs could be recovered in 2021, WTTC

01-22-2021 | 06:34:00
More than 100 million jobs could return to the global Travel & Tourism sector during 2021, as the world recovers from the crippling COVID-19 pandemic, says the World Travel & Tourism Council (WTTC).

Africa’s electricity unlikely to go green this decade, report

01-15-2021 | 11:52:00
New research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix, posing potential risk to global climate change commitments.

FAO reports major progress towards eradicating sheep and goat plague

01-15-2021 | 06:41:26
Globally, the number of outbreaks of Peste des petits ruminants (PPR), also known as sheep and goat plague, fell by two-thirds in recent years.

Global economy to expand by 4% in 2021, vaccine deployment and investment key to sustaining recovery, World Bank

01-06-2021 | 09:17:00
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.

World Bank, IFC report provides roadmap for stronger private sector-led growth in Egypt

12-23-2020 | 06:46:00
Egypt could unleash economic growth and create more and better jobs by addressing constraints to private sector activity, according to a report published by the World Bank Group.

Tourism back to 1990 levels as arrivals fall by more than 70%, UNWTO

12-22-2020 | 06:48:00
According to the latest tourism data from the World Tourism Organization (UNWTO), destinations welcomed 900 million fewer international tourists between January and October when compared with the same period of 2019.

Mobile data traffic in Sub-Saharan Africa to grow by 6.5 times by 2026, Ericsson report

12-14-2020 | 17:11:32
The November 2020 edition of the Ericsson Mobility Report reveals that mobile data traffic in Sub-Saharan Africa is estimated to grow by almost 6.5 times the current figures.

2020 IT spending: Cybersecurity remains investment priority despite overall IT budget cuts, Kaspersky report

12-14-2020 | 11:44:36
According to the new Kaspersky report ‘Investment adjustment: Aligning IT budgets with changing security priorities’, cybersecurity remains a priority for investment among businesses.

Africa's smartphone market grows in Q3 2020, feature phone shipments decline, report

12-03-2020 | 07:16:00
Africa's overall mobile phone market shipments declined 6.0% year on year (YoY) in Q3 2020, according to the latest insights from global technology research and consulting firm International Data Corporation (IDC).

African Energy Chamber projects Africa’s power demand to keep rising between 4-5% per year

12-03-2020 | 06:49:00
African Energy Chamber reports that Africa’s electricity generation capacity has grown at an average of 4.8 percent per annum since 2008.

AfDB's investments are transforming the continent, unlocking economic potential and spurring development, report

11-23-2020 | 06:19:00
From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (AfDB) are paving the way to unlock Africa’s economic potential, according to the 2020 ADER.

Eutelsat’s survey confirms 7/8° West neighborhood as predominant broadcast position for Egyptian TV homes

11-23-2020 | 05:49:00
Eutelsat Communications revealed the findings of a new Egyptian television market survey, confirming its 7/8° West hotspot as the most powerful neighborhood for satellite television for the country.

Ethiopia achieved positive poverty reduction but inequalities persist, report

11-19-2020 | 07:10:00
Over the last two decades, Ethiopia has registered fast economic growth which has led to significant national poverty reduction.

New Google-IFC report estimates Africa’s internet economy could be worth $180 billion by 2025

11-12-2020 | 07:00:00
e-Conomy Africa 2020, a new report released by Google and the International Finance Corporation (IFC), estimates that Africa's Internet economy has the potential to reach 5.2% of the continent's gross domestic product by 2025.

Stronger private sector could boost Nigeria’s economic growth, IFC, World Bank report

10-21-2020 | 06:12:00
A new report from IFC and the World Bank focused on the health of Nigeria’s economy finds that a broader private sector-led growth strategy could help Nigeria realize its immense potential by attracting more investment.
 
Features

Rystad Energy analysis shows Africa’s renewable energy capacity is set for consecutive years of growth

11-24-2020 | 09:28:00
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

10-22-2020 | 06:57:00
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 | 08:47:00
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 | 10:37:00
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 | 07:12:00
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 | 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.