News

Egypt's IT exports on track to achieve ambitious growth targets, IDC study

02-23-2018 | 13:02:00
International Data Corporation, a global research and consulting firm has initiated a study to understand the global market trends and opportunities for the Egyptian offshoring industry in relation to IT outsourcing.

Standard and Poor affirms Rwanda’s credit rating as stable

02-23-2018 | 06:24:00
Rating agency Standard and Poor (S&P) Global Ratings has affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on Rwanda.

Nigeria among countries with agribusiness friendly regulations, Alliance for Green Revolution in Africa report

02-23-2018 | 06:18:00
An assessment report, “Enabling The Business of Agriculture 2017” put together by Alliance for Green Revolution in Africa (AGRA) in partnership with the World Bank Group, has ranked Nigeria among countries with more agribusiness friendly regulations.

Transforming basic African crops to high value products can earn continent fortunes, UNCTAD report

02-22-2018 | 09:14:00
Basic crops grown in Africa can be made into higher-value products, whether it's by bagging tea or turning potatoes into frozen French fries, creating jobs and fueling growth in the continent, UNCTAD report says.

Blockchain spending in Africa and Middle East to more than double in 2018, IDC data

02-21-2018 | 13:23:57
Spending on blockchain solutions in the Middle East and Africa is set to more than double this year, according to the latest insights from International Data Corporation.

Grid electricity and off-grid solutions not meeting Africans energy demands, study

02-21-2018 | 06:22:00
A new study released by the Center for Global Development found that either grid electricity or off-grid solutions alone are currently inadequate to meet many African consumers’ modern energy demands.

South Africans are the best sales people in the world, Pipedrive report

02-16-2018 | 06:12:00
Global sales CRM platform, Pipedrive, has published its annual 'Global Sales Review 2017' report analyzing tens of thousands of sales teams worldwide.

[Kenya] Private sector output growth accelerates to fastest in two years, Stanbic Bank Purchasing Managers' Index

02-15-2018 | 06:37:16
Operating conditions across the Kenyan private sector improved at a solid rate according to January survey data

[Kenya] Online consumer trends offer new revenue streams for businesses, Mastercard Love Index

02-14-2018 | 08:47:00
The annual Mastercard Love Index indicates that Kenyans are turning to online retail outlets to purchase their Valentines gifts, with a 183 percent increase in the number of e-commerce transactions taking place from 2015 to 2017.

Debt crowdfunding initiatives have highest success rates for East Africa’s small businesses, Energy 4 Impact report

02-13-2018 | 10:22:26
Debt crowd funding is the most popular form of online capital raising for small businesses in Africa’s clean energy access sector.

[Egypt] Al Baraka Bank increases net profits by 42% in 2017

02-08-2018 | 11:32:10
Al Baraka Bank Egypt continued its growth and progress in all its activities in 2017 and announced achieving financial results and growth in businesses, services and products, where total income increased by 51% in 2017.

[Nigeria] Agric sector records 3% growth despite recession

02-01-2018 | 08:35:00
The Director-General, Budget Office of the Federation, Ben Akabueze, has revealed that despite the economic downturn fueled by recession, the agricultural sector of the economy grew by three per cent.

Guinness Nigeria records $67 million in profit for the first half of the 2018 financial year

01-31-2018 | 13:36:00
Guinness Nigeria has announced its half year results for the period ended 31st December 2017.

[Ghana] Mobile money deposits hit GHC2.3b in 2017

01-30-2018 | 07:19:00
The amount of money mobilized outside the banking system through mobile money reached record GH¢2.3 billion ending December 2017, according to data from the Bank of Ghana.

South African CEOs cautiously optimistic about their own company’s prospects for growth in the next 12 months, PwC annual CEO survey

01-24-2018 | 13:07:16
Worldwide the majority of CEOs are optimistic about the economic environment amid geopolitical uncertainty, corporate misconduct and the impact of artificial intelligence on the future job market.
 
Features

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.

[Interview] Debbie Goodman-Bhyat, CEO Jack Hammer, South Africa

03-07-2017 | 11:42:00
CEO of South African executive search firm Jack Hammer, Debbie Goodman-Bhyat, discusses the growing shift from expat hire to local executive leadership in African organizations.

Samsung emerges Africa’s most admired brand

03-06-2017 | 09:59:26
African Business magazine in partnership with Brand Africa, Brand Finance, GeoPoll and Kantar TNS has released the results of the Top 100 brands in Africa.