Businesses from the Middle East and Africa's resource industries including oil & gas mining, other mining, and agriculture, spent $5.17 billion on information and communications technology (ICT) in 2019.
The International Air Transport Association announced full-year global passenger traffic results for 2019 showing that demand rose by 4.2% compared to the full year of 2018.
Uganda’s economy grew by 6.5 percent in FY18/19, maintaining the rebound in economic activity over the last two years, according to the latest edition of the Uganda Economic Update released by the World Bank today.
Leaving no place behind within the MENA is critical for economic growth, social inclusion, World Bank
Where someone is born in the Middle East and North Africa (MENA) should not determine their ability to succeed in life, according to a new World Bank report.
Commercial International Bank (CIB), Egypt’s leading private sector bank, has been included in the 2020 Bloomberg Gender Equality Index (GEI).
The African Economic Outlook 2020 states that Africa’s economic growth has stabilized at 3.4 percent in 2019 and is expected to pick up to 3.9 percent in 2020 and 4.1 percent in 2021 but to remain below historical highs.
During the unveiling of the AfDB flagship economic report, the Bank's President said that Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens because “nobody eats GDP.''
The UK and international firms should see Africa as a place where they can make a profit, not just do charitable work, according to new research from Overseas Development Institute (ODI).
Overall IT spending in South Africa is set to reach $26.4 billion this year, up 2.5% in 2019, according to the latest predictions revealed by International Data Corporation (IDC).
Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s (AfDB) 2020 African Economic Outlook (AEO) reveals.
Overall IT spending in South Africa is set to reach 26.4 billion this year, up 2.5% on 2019.
The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 8.25% from 8.50%, citing a backdrop of domestic macroeconomic stability, potential risks to food supply and increased global uncertainties.
The economy of The Gambia is losing 3.96 billion Gambian Dalasi (US$83 million) a year, about 5.1 percent of the country’s annual Gross Domestic Product (GDP) due to the effects of child undernutrition, according to a new study.
Kenya’s roads and railways network is accelerating growth in the logistics sector, which is estimated to hit $5 billion (Sh500 billion) by 2023.
The African Development Bank (AfDB), United Nations (UN) and the World Bank Group launched the Zimbabwe 2019 Joint Needs Assessment Report.
Nutanix has announced the retail industry findings of its second Enterprise Cloud Index Report, measuring retailers’ plans for adopting private, hybrid and public clouds.
The Middle East and Africa (MEA) PC monitors market saw year-on-year growth of 7.2 per cent in units and 3.2 per cent in value during the third quarter of 2019, according to the latest insights from International Data Corporation.
Shearwater GeoServices (“Shearwater”) has been awarded a 3D Isometrix seismic acquisition project by FAR Gambia.
As the global recession gathers strength, most African economies are relatively unaffected owing to the strength of economic diversity in some regions.
In October 2019, during the tenth Africa Forward Together (AFT) forum in Mauritius a special workshop called “Meeting of Minds” session leveraged the insight of over 35 C-level and senior banking leaders across the African region and beyond.
A new Lesotho Poverty Assessment finds that poverty fell over a 15-year period, but poverty remains widespread with nearly half of the population living in poverty and 75 percent of the population either poor or vulnerable to poverty.
Ghana’s economic growth has been strong over the past decade, with annual GDP per capita growth at 4.4 percent between 2006 and 2017.
Consumer spending on technology in the Middle East and Africa (MEA) is forecast to total $130.8 billion this year, a year-on-year increase of 4.1%.
New research from International Data Corporations shows that the African smartphone market saw shipments increase 4.0% quarter on quarter in Q3 2019 to total 22.6 million units.
It’s almost a science to get the supply chain operating just right as business owners need to factor in everything from shipping (import and exports), the manufacturing process, inventory, materials, logistics, and more.
Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to be $18.8 billion in 2020, an increase of 78.5% over the $10.5 billion International Data Corporation (IDC) expects will be spent in 2019.
Following persistent concerns expressed by the public about the high level of data prices in South Africa, the Competition Commission finally released its final findings and recommendations of the Data Services Market Inquiry.
According to Standard Bank, South Africa’s largest credit card provider, this year’s Black Friday sales statistics showed an increase compared to 2018.
Nigeria’s first digital economy diagnostic reveals vibrant entrepreneurial ecosystem, rural areas still without internet access, World Bank
The World Bank first Nigeria Digital Economy Diagnostic Report reveals that although Nigeria is the largest mobile market in Sub Saharan Africa with a vibrant digital entrepreneurial ecosystem, lack of infrastructure in rural areas is a key challenge.
Network International an enabler of digital commerce across the Middle East and Africa, has published research highlighting the key trends putting Payment Acceptance at an inflection point of growth in Africa.
Kaspersky researchers have shared their vision on Advanced Persistent Threats (APTs) in 2020, pointing out how the landscape of targeted attacks will change in the coming months.
The Kenyan house prices remained in the negative territory during the third quarter of 2019, in what the latest Kenya Bankers Association House Price Index (KBA-HPI) has attributed to supply-demand imbalances.
dLocal has partnered with Americas Market Intelligence (AMI) to research and outline local payments preferences of consumers in Nigeria, South Africa.
A study by Santam has revealed the majority of corporates and consumers polled in a landmark survey on insurance trends see the challenging economy as the biggest risk in South Africa over the next two years.
The USAID announced $2.5 million dollars to support global research partnerships that will promote advancements across the full spectrum of discovery, from building new knowledge to piloting and scaling game-changing breakthroughs.
Africa has grasped the Fourth Industrial Revolution, needs to improve access to finance, skills and inclusive growth, AfDb report
A report compiled by the African Development Bank reveals a continent that is embracing the brave new world of the Fourth Industrial Revolution but needs to improve access to finance, skills and inclusive growth.
The first edition of the L'Oréal-UNESCO For Women in Science South African National Programme, highlights L'Oréal’s strong commitment to South African female scientists.
Walid Amer is an experienced Certified Management Accountant with proven leadership expertise in assisting others in understanding the instrumental role finance data plays in improving business processes.
Cyber criminals are exploiting malicious Android apps, mis-configured cloud platforms & machine language as attack avenues.
Ethiopia’s mining sector has potential to stimulate economic growth & poverty reduction, Economic Commission Director
Ethiopia’s mining sector has strong potential to contribute to the country’s long-term development, social progress and economic growth, according to acting Director of the Technology, Climate Change and Natural Resource Management, ECA.
Three years of violence and instability in the North-West and South-West regions of Cameroon has left more than 855,000 children out of school, UNICEF warns.
Kenya’s digital economy propels the country’s economic growth, more to be done for the economy, society and jobs of the future, World Bank
As Kenya’s digital economy propels the country’s economic growth, a new World Bank economic update says more needs to be done to prepare citizens and businesses for the economy, society and jobs of the future.
While growth was held back in 2019, it remained generally robust and is expected to pick up to an average of 5.4% in 2020-21, according to World Bank's economic update on Madagascar.
Spending on research and development (R&D) in South Africa continues to increase although at a slower rate than before, according to the National Research and Experimental Development Survey.
Public and private financial institutions are not responding adequately to meet global energy goals as finance, particularly in Sub-Saharan Africa, remains drastically below levels needed to deliver universal access.
47 countries make reforms to help farmers grow business, 4 African countries among top improvers, World Bank
Four countries in Sub-Saharan Africa are among the top ten reformers worldwide promoting favorable regulations for farmers in the areas measured, a report issued by the World Bank finds.
Across Africa, where less than a third of the population has access to broadband connectivity, achieving universal, affordable, and good quality internet access by 2030 will require an investment of US $100 billion.
South Africa retailers under pressure to adapt to new business models in the wake of digital commerce, report
The latest Accenture Rethinking the eCommerce Opportunity in South Africa - How retailers can pivot to digital customers paper suggests that South African retailers are under pressure to adapt to the new way of doing business.
Morocco has developed one of the most advanced telecommunications markets in Africa, supported by the government's Maroc Digital 2020 strategy
Worldwide shipments of traditional PCs, comprised of desktops, notebooks, and workstations, reached 70.4 million units in the third quarter of 2019.
The availability of renewable energy sources in Africa sources is expected to drive hyperscale data center to adopt renewable energy infrastructure according to a report by Reportlinker.com.
[Angola] Drought and commercial cattle farming exposes tens of thousands to devastating hunger, Amnesty International
Tens of thousands of pastoral farmers who have been driven off their land to make way for commercial cattle ranches have been exposed to a greater risk of hunger and starvation as drought grips southern Angola.
KCB Group has been ranked at position 717 in The Banker’s Top 1000 World Banks ranking for 2019, climbing nearly 100 places up, on the back of steady growth and strong balance sheet credentials.
Middle East, North Africa faces subdued growth, bolder reforms needed to boost private sector, World Bank
Economic growth in the Middle East and North Africa (MENA) region is projected to slow to 0.6% this year compared with 1.2% last year, according to a new World Bank report.
Five African countries initiate banking reforms to drive development and tackle climate change, report
Thirty-eight emerging market economies, including five countries in Africa, have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report.
Growth in Sub-Saharan Africa remained slow through 2019, hampered by persistent uncertainty in the global economy and the slow pace of domestic reforms.
The Director-General of the dti said that even though global growth remains subdued and South Africa was confronted by a host of indirect risks consequences, it still achieved significant strides in job creation and economic growth initiatives.
A new global study from Thales, with research from the Ponemon Institute, has exposed an increasing disparity between the rapid growth of data stored in the cloud and an organization’s approach to cloud security.
Tourism sector vital in East African Community, EALA calls for embrace of single tourism visa, report
A report of the Assembly on the Oversight activity on the Performance of the Tourism Sector in the region, wants the East African Community (EAC), to fastrack the conclusion of the EAC Protocol on Tourism and Wildlife Management.
The East African Legislative Assembly (EALA) report has lamented over the declining forest cover in the EAC region, while calling for remedial measures to address factors hindering on the future sustainability of the Lake Victoria Basin.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August.
While most African countries are bearing the brunt of the US-China trade war, as well as a slump in commodity prices which is greatly affecting exporters, East Africa’s economic diversity is still playing a key role in cushioning the region from shocks.
The Middle East and Africa (MEA) wearable devices market saw tremendous year-on-year unit growth of 144.43% in the second quarter of 2019, according to the latest insights from International Data Corporation.
Most African countries are bearing the brunt of the US-China trade war, as well as a slump in commodity prices which is greatly affecting exporters.
vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, declined 10.2% year over year in the second quarter of 2019.
The DBSA delivered an encouraging set of results for the year ended 31 March 2019, despite the adverse impact of the subdued economy on the demand for infrastructure funding.
Spending on AI systems in the Middle East and Africa is expected to maintain its strong growth trajectory as businesses continue to invest in projects that utilize the capabilities of AI software and platforms according to IDC.
Insurance markets across sub-Saharan Africa provide an opportunity for diversification and an avenue for growth, and so remain attractive to international reinsurers taking a longer-term view.
South Africa and the United Kingdom will showcase the activities of a joint research chairs programme under the UK-South Africa Newton Fund during a symposium to be held in Pretoria on Wednesday, 2 October.
Spending on artificial intelligence systems in the Middle East and Africa to top $374 million in 2020, report
Spending on artificial intelligence (AI) systems in the Middle East and Africa (MEA) is expected to maintain its strong growth trajectory.
Côte d'Ivoire is the market that has most rapidly improved its trade growth potential over the past decade, according to new research from Standard Chartered (SC.com).
The Safaricom Foundation and international disability inclusive development organisation, CBM Kenya, have announced the third phase of the ‘Wezesha Elimu’ programme.
Ivory Coast tops the list as Kenya comes 3rd in the 2019 Standard Chartered Bank Trade20 Index as markets with the greatest potential for future trade growth.
Malawi’s national adoption of affordable, rugged, neonatal CPAP technology as a part of routine hospital care resulted in sustained improvements in the survival of babies with respiratory illness, according to a new study in the journal Pediatrics.
Middle East & Africa PC monitors market sees first quarterly growth since 2017, outlook remains bleak
The Middle East and Africa (MEA) PC monitors market saw shipments reach a value of $168.98 million for the second quarter of this year, according to the latest insights from International Data Corporation (IDC).
Travel and tourism remained one of the key growth drivers of Africa's economy, contributing 8.5% of the GDP in 2018; equivalent to $194.2 billion.
SeaBird Exploration is pleased to announce that the company has signed a contract to acquire a 2D seismic survey for an international oil & gas company in the Africa region.
Africa’s Fintech sector is booming! According to reports, Africa’s Fintech ecosystem has surged 60% in the last two years.
Jomo Kenyatta International Airport is the 2nd fastest growing airport in the word cargo ranking.
Households using small scale-solar power in East Africa have been found to generate more income, have better health, study more and have a higher quality of life.
A new report from JLL has revealed that people seeking to finance new hotel projects in Africa will be much more successful if their hotel is part of a mixed-use development.
In spite of a slight improvement in the food security situation since June 2019, more than half the population of South Sudan, some 6.35 million people, do not know where their next meal will come from, three United Nations agencies warned.
Agricultural innovation & technology hold key to poverty reduction in South Asia and Africa, World Bank
Developing countries need to dramatically increase agricultural innovation and the use of technology by farmers, to eliminate poverty, meet the rising demand for food, and cope with the adverse effects of climate change.
According to the latest figures published by International Data Corporation (IDC), the overall EMEA tablet market declined 11.7% YoY, shipping 9.6 million units in 2019Q2.
Madagascar's economy has shown steady growth in recent years, benefiting from a revived tourist sector.
Standard Bank has retained its position as South Africa’s most valuable brand, according to the second edition of the BrandZ Top 30 Most Valuable South African Brands report.
Santam, South Africa’s largest short-term insurer has reported solid operational results for the six-month period ended 30 June 2019, in an environment characterised by tough trading conditions for short-term insurers.
African leaders have an opportunity to achieve long-term economic growth while minimizing environmental harm, according to a new report by FTI Consulting.
Non-tariff barriers, lack of product diversification biggest threats to Africa’s agricultural trade performance, report
A new report points to non-tariff barriers, high trading costs and a lack of product diversification as the biggest impediments to Africa’s agricultural trade performance.
The Africa mobile phone market declined 1.8% quarter on quarter, QoQ, in Q2 2019, according to the latest figures announced by International Data Corporation.
A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.
[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya
Kenya has paid a heavy price in lives lost for its slow uptake of LPG as a cooking fuel.
The 2019 Gartner. Inc. “Hype Cycle for ICT in Africa” features three technologies that will have a transformational impact on businesses in Africa within the next 10 years.
Viga Interactive has expanded its footprint across the continent through partnerships with international companies and brands aimed at providing research and insights.
There has been a sharp increase in the value of total mergers and acquisitions deals in Africa in the first half of 2019.
The first half of 2019 has been challenging for the JSE although the exchange has delivered resilient performance.
Addis Ababa, Ethiopia, posted Africa’s highest average daily rate (ADR), according to the most recent 12-month data from STR.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) measured 52.1 index points in July, up from 46.2 in June.
For Tanzania to generate future income and achieve sustainable development, it is essential for the country to invest in its citizens, both children and adults, according to the new World Bank economic analysis for the country.
A new report from the Environmental Investigation Agency (EIA) shows that Ghana faces a harrowing rosewood problem of its own.