We have evolved into the so-called 'look down' generation. Whether it is in a taxi to work or returning home at end of day, walking to Usafi car park, drivers in a traffic jam or even during meetings, nearly everyone is looking down and typing away on their phones.
International banks now rely relatively more on lending by foreign affiliates than on cross-border lending. This development may have made financial systems in host countries safer, according to new research from the International Monetary Fund.
The rise and rise of a mobile world means endless opportunities to transact in a private and secure way. We are no longer confined to our homes, our laptops or local retail outlets and can now do everything previously limited to a PC environment via our Mobile device - and in fact we can do a LOT more. The world is embracing this in record numbers, and no more so than Africa.
Most people start a fashion line because of a passion for design or because they have some experience working in the industry. For me it went the other way around. Having lived in Europe for over 8 years, I can say that finding perfectly fitting and flattering fashion items when you’re endowed with curves is often a painful and difficult struggle.
Ivan Mugeere founded his company a year and a half-ago, following his several years of study and work in Europe. He speaks to Africa Business Communities about starting a business in his country Uganda, the business environment, governmental (non)support, etc.
In Nigerian culture, failure is often not an option. From education to employment, there is a general fear of failure, especially when it comes to risk-taking, which is one of the fundamental aspects of entrepreneurship. But across the Atlantic Ocean in Silicon Valley, failure is almost encouraged.
I find there’s no better time in life to reflect than during a holiday season - and Easter is no exception. Now I’m not talking about having to reflect on one’s personal beliefs or faiths but more on life and the world around us - perspective.
I spend a lot of time asking developers and agents what goes into the pricing of real estate in Accra. I ask this question so much because the prices seem to constantly be much higher than I expect. Are people just being opportunistic? Is the cost of construction and acquiring land really that high?
The idea of starting a business and owning a startup has sprung up in recent times within the African continent. Where entrepreneurs try to find solutions that would reduce poverty through social enterprise, some Africans are basically searching new ways to make lives easier through technology and other financial means.
One major concern every foreign investor coming to invest in most African countries is burdened with is the (in)stability of government in the investment destination and the security of investments. Many times, investors have been short changed due to national policies that take away their wealth by the governments of the investment state. An example is what happened in Zimbabwe where every white-owned farm was expropriated by the government.
I was asked recently about how to rejuvenate a business, and my advice was to subtract before adding. Businesses and governments grow organically, like the Nigerian coral reef, adding bits until eventually the accumulation is something new. Unlike the Nigerian coral reef, which is a creation of beauty, businesses and governments become bloated and ugly.
Zimkhitha Mqutheni is MD of Ukhanyiso Communications, Cape Town, South Africa. She also runs a Young Business Leaders Discussion Forum which brings together young entrepreneurs, the Western Cape Government, Transformation and BEE managers and financial institutions that fund small businesses to discuss the challenges faced by young entrepreneurs.
“Hopeless Africa” This was the bold heading of an article released in May of 2000 by ‘The Economist’. The letter told of “floods in Mozambique; threats of famine in Ethiopia (again); mass murder in Uganda; the implosion of Sierra Leone; and a string of wars across the continent.” It went on to say that the new millennium has brought more disaster than hope to Africa.
A seasoned Nigerian businessman and I had a lengthy discussion about the potential merits of an uncertain, expensive investment but possibly lucrative opportunity in a distant country. He seemed excited about the foreign opportunity. Later, I composed and emailed the following parable:
Working with businesses in Nigeria has provided me with a unique opportunity to think about marketing from a different perspective. I’ve picked up quite a few insights and learned a lot along the way.Most Nigerian businesses that I work with believe that you have to spend big bucks to market your business. This is not true! There are plenty of cost affective marketing tactics that you can put in place that won’t blow your budget.
Alfred Loua is Founder of MBCAfrica, Ivory Coast. A certified sales and negotiation consultant from CEGOS International, he is also currently a candidate within the Financial Analyst Specialist Certification (FASC) and the Certified Financial Modeling Specialist (CFMS) program from Finance Training Society Portland, Oregon. Africa Business Communities speaks with him.
Leopold Ebegbuna is MD/CEO of Rising Light Global Company Ltd., Nigeria. Africa Business Communities speaks with him.
Andrew Diack is founder of Cyber Logistics Ltd., Greenstone, Gauteng, South Africa, founded in January 2014.
According to Hubspot, 92% of marketers reported that social media marketing was crucial to the successes of their business in 2014, with 80% indicating their efforts increased traffic to their websites and more revenue for their business. It has equally been reported that 97% of marketers are currently participating in social media.
[Bradford Associates] ICT Reviews Indicate That Policies Pursued by Nigeria Are Positioning the Nation to Be Increasingly Competitive in the 21st Century
You only have to look around you to realize how crucial Information and Communications Technology has become in the modern world.