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.
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.
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.
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.
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.
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year.
The digital oilfield market value is projected to cross $35 billion by 2026, as reported in the latest study by Global Market Insights, Inc.
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.
In its latest Africa Energy Outlook 2021, the African Energy Chamber forecasts increased gas monetization across the continent on the back of decarbonisation and industrialisation drive.
The global cloud-based contact center market size is expected to grow at an annual compounded growth rate of 25.8 per cent to reach $36.1 billion by 2025.
The global farm tractors market is projected to reach $93.7 billion by 2025, driven by the growing world population.
The Absa Purchasing Managers’ Index (PMI) rose to a solid 60.9 index points in October, up from a revised 58.5 index points in September.
Online payment gateway PayFast has launched its first Ecommerce Performance Index – the PEP Index.
As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to the pre COVID-19 levels in 2019.
The Food and Agriculture Organization of the United Nations (FAO) and the African Union launched a new report that puts the spotlight on women's role in agrifood systems.
[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
Moroccan telecommunications operator Maroc Telecom achieved a turnover of more than MAD 27.49 billion ($2.99 billion) during the first nine months of 2020, up 0.7%.
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.
As the COVID-19 pandemic wreaks havoc on the global economy, Africa’s top 150 most valuable brands could lose up to 12% of brand value cumulatively according to the Brand Finance Africa 150 2020 report.
MTN Group has been named the most valuable African brand in the Brand Finance Africa 150 2020 ranking, which ascribes a brand value of $3.3 billion to MTN.
According to the recently published Kenya Food Index 2020, Chicken is the most popular cuisine among online customers Kenya.
Kenya’s economy is expected to bounce back with improved performance of the agricultural sector, according to a new report.
AppsFlyer, the global attribution leader, has released the 11th edition of its Performance Index.
The latest UNCTAD report indicates that Africa loses about $89 billion a year as a result of illicit financial flows and theft which represents 3.7% of its GDP.
Disruptions to crude oil and condensate production from members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries have risen considerably since last year.
Economic growth will fall this year across west and central Africa due to the effects of the coronavirus pandemic, with the fortunes of major oil producing nations set to decline, according to a report from the World Bank.
Almost as many women as men use the internet in Ghana, according to a new survey from the World Wide Web Foundation, which finds men are just 6% more likely to be online than women.
Consortium of global multilateral development banks calls for measures to support trade continuity in Sub-Saharan Africa
The Pulse check report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’ responses to uphold a well-functioning trade finance market.
VAALCO Energy announced that in connection with planning for future drilling programs at the Etame Marin block offshore Gabon, it will begin acquiring and processing new 3D seismic data in the fourth quarter of 2020.
The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations.
World Bank confirms economic downturn in Sub-Saharan Africa, outlines key polices needed for recovery
Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according World Bank's latest regional economic analysis.
The Russian Direct Investment Fund (RDIF) and Pharco, a pharmaceutical group in Egypt have agreed to secure the supply of 25 million doses of the Sputnik V vaccine to Egypt.
Mastercard study highlights the digital divide that needs to be addressed to power gig economy growth in East Africa
Mastercard released a white paper revealing how gig work across East Africa is helping to drive economic growth by facilitating economic opportunities, improving livelihoods, and acting as a buffer against unemployment.
COVID-19 has seen consumers across the world ditch cash and in-person shopping in favour of online spending, according to Standard Chartered’s latest global survey.
Organisations across sub-Saharan Africa are increasingly leveraging multiple cloud deployments to achieve digital transformation.
With COVID-19 having a damaging impact on Aquaculture, the market is expected to lose steam before recovering to reach a projected global market size of $245.1 billion by 2027.
About 3 billion people are struggling to access healthy diets with over 200 million children below five years having to survive with insufficient foods.
New analysis shows onshore wind potential across Africa enough to power the entire continent many times over
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.
According to World Food Program officials, about 45 million people in Southern Africa are facing food insecurity and the worst affected country is Zimbabwe.
Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020.
The Global Healthcare Supply Chain Management market is expected to reach $3.60 billion by 2026 growing at a compounded annual growth rate of 9.0 per cent during 2019 to 2026 according to the latest report by Research and Markets.
Mastercard has released a white paper revealing how gig work across East Africa is helping to drive economic growth by facilitating economic opportunities, improving livelihoods, and acting as a buffer against unemployment.
A new World Bank report identifies agribusiness, entrepreneurship, apprenticeship, construction, tourism and sports as key sectors that can offer increased employment opportunities for Ghanaian youth.
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
Economic uncertainties have increased the downward pressure on smartphone prices globally with 73 per cent of shipments in 2020 expected to be priced below $400.
Insurers must explore new ways to build capabilities to meet the digital needs of customers as BigTechs and non-traditional players enter the insurance space, according to the World InsurTech Report 2020.
Four billion people around the world still lack access to clean, efficient, convenient, safe, reliable, and affordable cooking energy, a new World Bank report finds.
Global agri-food trade has more than doubled since 1995, amounting to $1.5 trillion in 2018, with emerging and developing countries' exports on the rise and accounting for over one-third of the world's total, FAO reports.
Kaspersky security solutions has reported on 28 million malware attacks in 2020 and 102 million detections of potentially unwanted programs accounted for by the beginning of August 2020.
CABI scientists have conducted new research highlighting the impact of COVID-19 pandemic on food security in Kenya and Uganda with more than two-thirds of those surveyed having experienced economic hardship due to the pandemic.
65% of Kenya's workforce already earning less and more than half expecting the pandemic to further affect their income and/or employment, report
A Standard Chartered survey finds that COVID-19 is significantly impacting personal finances globally, with one-third (65% in Kenya) already earning less and more than half expecting the pandemic to further affect their income and/or employment.
Doctors Without Borders (MSF) encourages the Zimbabwe Ministry of Health and Child Care to maintain and replicate this first of its kind nurse-led Non-Communicable Diseases (NCDs) healthcare model across the country.
IMPACT’s newest report reveals how the Democratic Republic of Congo’s (DRC) illicit gold trade continues to thrive despite efforts to clean up the sector.
The 2020 Africa Agriculture Status Report (AASR) has been launched at the African Green Revolution Forum (AGRF) virtual summit in Kigali, Rwanda.
Banks in Africa must provide mobile payments and other digital services to remain competitive as well as to unlock new business opportunities across sectors such as energy, health care, education and transportation, according to a new report by BCG.
Results of the second wave of the Ghana Election Poll which ran online from July 1 to August 1, 2020, via the renowned market research firm MSI-ACI, has found that corruption is the most important factor that many Ghanaians will consider in deciding who to vote for on December 7, 2020.
Global food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker U.S. dollar, according to a report released by FAO.
In response to the pandemic, IT leaders in EMEA are now investing more in cloud-based and AI-powered networking technologies as business recovery plans take shape, according to research from Aruba, a Hewlett Packard Enterprise company.
Avocado oil is coming into the mainstream cooking process; it is replacing traditional cooking oil due to the presence of numerous minerals.
The Absa Purchasing Managers’ Index (PMI) posted a robust increase to 57.3 index points in August, up from 51.2 in July.
Results of the second wave of the Ghana Election Poll which ran online from July 1 to August 1, 2020, via the renowned market research firm MSI-ACI, has found the majority of respondents in favour of allowing Ghanaians abroad to be allowed to register and vote.
South Africa’s overall GDP is expected to decline by at least 5.1 and up to 7.9 percent in 2020 and recover slowly through 2024. This will lead to major setbacks in addressing poverty, unemployment and inequality, according to a new UNDP study.
Ghana’s plans to pursue fiscal consolidation more slowly than the government had previously indicated may lead to a higher public debt trajectory and could be a source of downward pressure on the country’s ratings, Fitch Ratings says.
The International Air Transport Association (IATA) released new data indicating that the impact of COVID-19 on Africa’s aviation industry and economies has worsened sharply since the previous assessment in April.
South African banks’ 1H20 results will confirm a slump in operating profits due to a surge in credit losses caused by the coronavirus pandemic, Fitch Ratings says.
Kaspersky analysis has revealed that phishing attacks are becoming increasingly more targeted. A number of new tricks have also been found - from HR dismissal emails to attacks disguised as delivery notifications.
TGS announced it has commenced its first-ever regional airborne Enhanced Full Tensor Gravity Gradiometry (eFTG) multi-client survey together with magnetic and Lidar data in Egypt.
The Western Union Company has launched a new report, “The Global Services Trade Revolutions: Fuelling post-pandemic economic recovery and growth.”
Ghana’s Agricultural Development Bank shows impressive half year performance amid COVID -19 setbacks
Ghana's Agricultural Development Bank has posted impressive financial growth in its half-year results, even in the face of the Coronavirus pandemic that has wreaked havoc on all sectors of the economy, including the financial sector.
The Africa data center market by revenue is expected to grow at a compounded annual growth rate of over 12 per cent during the period 2019-2025.
The global cloud ERP market is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025, at an annual compounded growth rate of 17.4 per cent during the forecast period.
The global food prices continued rising for the second consecutive month in July, led by vegetable oils and dairy products, according to the benchmark United Nations report.
Led by scientists at the National Oceanography Centre (NOC), new study reveals the importance of the Monsoon in how abundant small pelagic fish are in East Africa.
The Absa Purchasing Managers’ Index (PMI) for July declined slightly compared to the previous month, but continued to signal a further month-on-month improvement for conditions in the manufacturing sector.
Nigerian Breweries has announced a Revenue of ₦152 billion for the period under review and Profit After Tax (PAT) of ₦5.7 billion according to its unaudited and provisional results filed with The Nigerian Stock Exchange.
It’s estimated that phishing is the starting point of over 90% of all attempted cyber-attacks, and Verizon’s 2019 Data Breach Investigations Report showed that nearly 32% of actual data breaches involved phishing activity.
[Ghana] COVID-19 forced businesses reduce wages for over 770,000 workers, caused 42,000 layoffs, study
The shock caused by the COVID-19 pandemic has had considerable impacts on Ghanaian businesses, forcing many firms to cut costs by reducing staff hours, cutting wages, and in some cases laying off workers.
South Africa responded swiftly to the COVID-19 pandemic, but the sharp drop in activity adds to long-standing challenges and raises the urgency for structural reforms, according to a new OECD report.