Worldwide artificial intelligence (AI) software revenue is forecast to total $62.5 billion in 2022, an increase of 21.3% from 2021, according to a new forecast from Gartner, Inc.
Wingie, a Germany-based flight-booking website, has released new data on changing trends pertaining to air travel in the Middle East and North Africa (MENA).
The onset of the COVID-19 pandemic not only affected people and communities, but also impacted commercial property values across the world. This report looks at the effect of the pandemic on property values in Africa.
Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 percent in 2021. This is one percent higher than the April 2021 forecast according to the latest edition of Africa Pulse.
The primary drivers for the market growth include increasing automation in the agriculture industry and the shortage of manual labor in the sector.
The GSMA has launched its global State of Mobile Internet Connectivity Report 2021 showing that, despite the COVID-19 pandemic, more than half of the world’s population is now using the mobile internet.
The total value of Africa’s top 150 most valuable brands has declined by US$5.5 billion (12%) from $45.5 billion in 2020 to $40.0 billion in 2021, according to the latest Brand Finance Africa 150 2021 report.
Dubai has emerged as a key export gateway for stationery goods which are in spiralling demand throughout Africa, according to a new report by market information advisory 6Wresearch.
Infrastructure as a Service, one of the segments analyzed in the report, is projected to record a 18.4% CAGR and reach US$449.3 Billion by the end of the analysis period.
Despite having to contend with gender disparities, women entrepreneurs in South Africa are bridging the digital divide and have adopted and integrated digital solutions into their businesses on a scale comparable to their male counterparts.
Nigeria data center market will grow at a Compound annual growth rate, CAGR, of 17% during 2021-2026 according to a report by Research and Markets.
The global drone insurance market is expected to grow from $1.06 billion in 2020 to $1.13 billion in 2021 at a compound annual growth rate, CAGR, of 6.1% according to a new report by Research and Markets.
29% of corporate users in Kenya experienced financial malware attacks in the first half of 2021, report
Although Kaspersky’s research shows that the overall number of financial malware attacks in Kenya has decreased in the first half of 2021, when compared to the same period in 2020, 29.3% of the 7 962 attacks recorded in the country targeted corporate users.
Challenging economic factors in 2020 made it a difficult year for Kenyan insurers and reinsurers.
Leading global marketing measurement, AppsFlyer, has launched a report with Google that reveals a booming African mobile app market, propelled by a growing fintech space.
The Mastercard New Payments Index shows 96% of Nigerian consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.
Mapping Africa’s startup landscape between 2014 and 2020, the report provides data and analysis on venture capital (VC) deal activity in Africa in 2020 along with information about the types of investors that have participated in those deals. The report also includes case studies covering prominent investments across Central, East and North Africa.
Internet Exchange Points are critical in lowering connectivity costs in Africa, Internet Society report
A new report published by the Internet Society outlines the state of Internet interconnection in Africa and the critical role Internet Exchange Points (IXP) play in improving access and lowering costs.
Ericsson projects that 5G mobile subscriptions will exceed 580 million by the end of 2021, driven by an estimated one million new 5G mobile subscriptions every day.
Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance.
In fact, 68% of SMEs in Sub-Saharan Africa are projecting revenues that will either grow or hold steady. Almost half (48%) are projecting an increase.
A number of financial institutions in Tanzania were found to be performing well regarding gender equality at senior management levels, though gender gaps remain and more could be done to improve the position of women in the country.
Developing agritech solutions to enable data-driven, precise and connected farming will help farmers across Africa optimise yields, boost farm productivity and increase their profitability.
An estimated 112 million more women started using mobile internet last year across low- and middle-income countries, despite the onset of COVID-19, according to the fourth annual GSMA Mobile Gender Gap Report.
Nigeria, Kenya, South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa, Visa research
A recent Visa report has shown that the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years were South Africa, Nigeria, and Kenya, with Ghana also showing growth, having replaced Kenya in the top three contributors in 2020.
Global petrostates can forget trillion-dollar oil and gas tax revenues as energy transition bites, Rystad reports
The global government income from oil and gas taxation fell to a multi-year low in 2020 of around $560 billion, as production and prices shrunk. Before Covid-19, oil and gas taxes usually exceeded the trillion-dollar mark.
Counterfeit products have a presence across major industries in Nigeria. The impact of having these counterfeit products for manufacturers range from dwindling sales and failed customer loyalty schemes.
The e-Commerce markets in Southeast Asia and Africa could grow by over $280 billion and $14.5 billion respectively between 2025 and 2030, according to two IFC reports.
[South Africa] SARB commences feasibility study for general-purpose retail central bank digital currency
The South African Reserve Bank (SARB) has embarked on a study to investigate the feasibility, desirability and appropriateness of a central bank digital currency (CBDC) as electronic legal tender, for general-purpose retail use, complementary to cash.
Brand Africa has unveiled the 11th annual Brand Africa 100: Africa’s Best Brands 2021 rankings of the Top 100 most admired brands in Africa in a virtual event hosted by Brand Africa, Publics Africa and Uganda Investment Authority.
The Africa data center market size by investment was valued at $2 billion in 2020 and is expected to reach $5 billion by 2026 according to a report by Research and Markets.
The online retail in South Africa more than doubled in just two years, due to the explosion in demand for home deliveries brought about by the Covid-19 pandemic, according to new research findings.
Lino G. Tokpo is the founder and CEO of GENIEUP Group, a young Beninese company which mainly intervenes in supporting local businesses through product distribution.
Lino G.Tokpo est le fondateur et PDG de GENIEUP Group, une jeune entreprise Béninoise qui intervient essentiellement dans l’accompagnement des entreprises locales à travers d’une distribution des produits.
Paystack is live in South Africa, and we're super excited to bring our services to even more ambitious brands and businesses on the continent now businesses in South Africa can accept payments online using it.
An analysis of global electricity revealed that wind and solar showed resilient growth in 2020 despite the pandemic, forcing a record fall in global coal power.
The Arab Petroleum Investments Corporation (APICORP), estimates in its MENA Energy Investment Outlook 2021-2025, that overall planned and committed investments in the MENA region will exceed $805 billion over the next five years.
New International Energy Agency (IEA), report sees major expansion in electric vehicle adoption this decade, which could accelerate further if governments implement policies aimed at reaching net zero goals.
Amongst other things, stalkerware can enable the perpetrator to track a victim’s location, read their messages, view their photos and videos, eavesdrop on telephone conversations, and see everything typed on the keypad.
Drones, satellites, geographic information systems, weather stations and advanced analytics are some of the most promising technologies for providing solutions to Africa’s agricultural challenges.
African trade finance sees $5b in portfolio outflows in Q1 2020 due to Covid-19 but opportunities exist, report
Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown.
A new report by the Global Fund to Fight AIDS, Tuberculosis and Malaria shows COVID-19 has massively disrupted health systems and health service delivery for HIV, TB and malaria in low- and middle-income countries in Africa and Asia in 2020.
Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise.
L'entrepreneur Britanique-Ghanéen, Stephan Eyeson, est actuellement PDG et fondateur de la société panafricaine de collecte de renseignements sur les consommateurs, Survey54.
The African fisheries sector could benefit substantially from proper infrastructure and support services, which are generally lacking. The sector currently grapples with fragile value chains and marketing.
The report notes that the ability of African cities to emerge resilient from the pandemic will depend on their ability to innovate, providing long term social solutions to their residents, attracting funding and generating new demand for space.
MENA economies face rapid accumulation of public debt, strong institutions will be key to recovery, World Bank
The COVID-19 pandemic exacerbated long-standing development challenges in the Middle East and North Africa (MENA) region, contributing to a rise in poverty, a deterioration of public finances, an increase in debt vulnerabilities.
Zeronomics, a study into the financing of a net zero world, surveyed the senior leadership of 250 large companies and 100 investment specialists around the world between September and October 2020.
While most smartphone markets across the Middle East and Africa suffered declines in 2020, Egypt recorded healthy year-on-year (YoY) growth according to the latest figures announced by International Data Corporation, IDC.
The economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic.
British-Ghanaian entrepreneur, Stephan Eyeson, is current CEO and Founder of pan-African consumer intelligence gathering firm, Survey54.
Ekuity Capital, Tuniso-Kuwaiti and Pfizer certified among the best places to work in Tunisia for 2021
6 companies made the list this year in Tunisia as the best places to work.
Worldwide sales of smartphones to end users will total 1.5 billion units in 2021, a 11.4% growth year over year, according to Gartner, Inc.
GSMA has published its annual 'State of the Industry Report on Mobile Money'. It reveals a dramatic acceleration in mobile transactions during the COVID-19 pandemic as lockdown restrictions limited access to cash and financial institutions.
At least a quarter of users in Nigeria, South Africa and Kenya are attacked by malware hiding within their devices, report
When looking at corporate users in these regions, the numbers are similar: 23% of corporate users in South Africa, 29% in Kenya and 35% in Nigeria encountered such local threats within 2020.
Vipp Interstis, a French BPO company with operations in Africa offering offshore solutions to French and European companies, has recently been recognized as one of the best places to work for in Caremoun and Benin.
Organizations more likely to purchase technologies from companies transparent about security assurance, study
Intel has released the results of a study examining how transparency, security innovation and ongoing security assurance impact purchase decisions. Key findings indicated a preference for technology providers that are transparent and proactive in helping organizations manage their cybersecurity risk.
Renewables spending set for new record in 2021, luring service suppliers as oil and gas gap narrows, Rystad Energy
Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energy analysis shows, forecast to reach $243 billion, and narrowing the gap with oil and gas spending, which is projected to be relatively flat this year at $311 billion.
South Africa has been ranked the highest in food security out of 28 countries in sub-Saharan Africa (SSA). This according to the latest Global Food Security Index (GFSI) report, despite an overall decline in food security.
Smartphone maker, realme is among the Top 5 brands in 15 regions according to Q4 2020 Canalys global smartphone shipment report.
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path of the COVID-19 pandemic.
For the first time in history, China overtook the US in 2020 as the Euro Area's (EA) top trading partner.
Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country out of recession in the fourth quarter of 2020.
In 2020, eCommerce spending grew at the fastest rate in five years, while usage of cash for in-store payments fell sharply, as global consumers made increasing use of mobile wallets.
According to Renub research, worldwide fertilizer market was $ 83.5 billion in 2020 and it is estimated to grow with a CAGR of 1.69% between 2020 and 2027.
Legal technology budgets will increase threefold through 2025 as general counsel face unprecedented pressure both in terms of managing legal workload and driving efficiency in their departments, according to Gartner, Inc.
The African Coalition for Trade & Investment in Natural Gas (ACTING) has announced the release and publication of its inaugural “State of Play: African Gas” report, providing the most comprehensive resource on Sub-Saharan Africa’s natural gas markets.
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals.
The Rwandan economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction.
The global coffee market is segmented into two types of coffee beans: Arabica and Robusta. Arabica is more preferred by consumers for its sweet taste and more complex flavor.
Rystad Energy analysis shows Africa’s renewable energy capacity is set for consecutive years of growth
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.
New economic analysis for Malawi calls for efficient public investment management to improve service delivery in water and energy
Malawi faces an infrastructure investment gap in the energy and water and sanitation sectors of approximately $332 million per year due to limited fiscal space combined with weak public investment management and inefficient State Owned Enterprises.
[Africa Business Panel] 6 percent of African Business Professionals expect their companies not to survive the Covid-19 Crisis
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
Demand in emerging countries will be driven by buyers looking for a smartphone with better specifications and a 5G connectivity as an optional feature.
Global fisheries and aquaculture have been hard hit by the COVID-19 pandemic and could face further disruption in 2021 as lockdowns affect supply and demand across the sector, according to a report by the Food and Agriculture Organization (FAO).
Homebuilding activity in the Africa/Mideast region will continue to be driven by urban population growth, increased standards of living, and – aside from 2020, when the region will see a recession brought on by the COVID-19 pandemic – healthy economic expansion.
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).
The worldwide Fixed Wireless Access (FWA) broadband services market has been growing rapidly, supplying broadband access to homes and businesses.
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.
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.
The Global Digital Agriculture market is expected to grow at a compound annual growth rate of 10.26% over the forecast period to reach a market size of $20.713 billion in 2025 from $11.527 billion in 2019.
Worldwide end-user spending on wearable devices will total $81.5 billion in 2021, an 18.1% increase from $69 billion in 2020, according to the latest forecast from Gartner, Inc.
Egyptian life science startup Nawah Scientific announced the the closing a second pre-series A round of $1 million in mixed equity and debt capital, raising its total funding to $2 million.
Boehringer Ingelheim, Teleperformance, Comdata Group, Dell and Lundbeck are among the top best places to work for in Africa according to the prestigious “Best Places To Work” certification program.
Global economy to expand by 4% in 2021, vaccine deployment and investment key to sustaining recovery, World Bank
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.
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.
The Global Oilfield Communications Market Size Grew from $3.4 Billion in 2020 to $4.5 Billion by 2025, at a Compound Annual Growth Rate of 5.5% during the forecast period according to the latest report by Research and Markets.
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.
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71 per cent of the region’s total growth.
Insights from Africa's Largest Career Portals reveal Impact of COVID-19 on Jobs Markets in Nigeria, Ghana and Kenya
ROAM Africa (Ringier One Africa Media) has today released three new labour market reports that shed more light on the effects of the COVID-19 on the African jobs market.
Rystad Energy analysis shows oilfield service purchases is set to lose $340b until 2028 as peak oil is closer than ever
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.
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 reports that Africa’s electricity generation capacity has grown at an average of 4.8 percent per annum since 2008.
The gas turbine market in Middle East and Africa (MEA) is expected to grow from $ 3383.00 million in 2018 to $ 5006.04 million by 2027at a compounded annual growth rate of 4.5% from 2019 to 2027 according to a new survey by ReportLinker.
Webb Fontaine has announced crucial investments into Africa with plans to open an Artificial Intelligence Research and Development Centre in Africa.
The World Health Organization (WHO) is calling on countries and global health partners to step up the fight against malaria, a preventable and treatable disease that continues to claim hundreds of thousands of lives each year.
In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects electricity generation in Africa using two cases with different assumptions about how future electricity needs are fulfilled.
AfDB's investments are transforming the continent, unlocking economic potential and spurring development, report
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
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.
Over the last two decades, Ethiopia has registered fast economic growth which has led to significant national poverty reduction.