AngloGold Ashanti achieved guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation.
Investment projects, rising exports and consumption to drive Rwanda’s economic growth, Standard and Poor’s
Standard and Poor’s has affirmed Rwanda at B/B; outlook positive.
Mauritius most connected country in Sub Saharan Africa to international trade, DHL Global Connectedness Index
Global logistics company DHL has released the fifth edition of the DHL Global Connectedness Index.
The annual Mastercard Love Index indicates that Kenyans are willing to dig deeper into their pockets to make their partners happy and that they are going online to do it.
Remittance Market, International, Domestic and Bill Payments, in Egypt is still in its growth stage and a large portion of the remittance has to be formalized.
Increase in tourism in the country due to the roll-out programme for eVisas in South Africa and the low valuation of Rand will drive South Africa car rental and leasing market.
Hayat Essakkati is a Dutch/Moroccan entrepreneur and Director of Maroc4Invest, a company that secures foreign investors a smooth and efficient entry into the Moroccan market.
Year after year, the majority of senior executives in South Africa are men. In July last year, only one of the JSE’s Top 40 companies had a female CEO.
Tanzania, South Africa and Kenya benefit most from investments in local seed business activities, Index shows
Global seed companies are adapting their products to combat the impact of climate change and address nutrition needs.
The government of Algeria has decided to invest $262 billion through its five year plan of 2015-2019 to diversify the oil dependent economy and improve the nation's infrastructure.
A new analysis by Global Financial Integrity (GFI) indicate that Illicit Financial Flows (IFFs) due to trade misinvoicing, is a significant and persistent drag on 148 developing countries’ economies.
“Continued economic growth in many African countries is driving greater interest in the continent from a tourism perspective but it’s interesting to see that Ghana, in particular, is proving increasingly attractive as a leisure tourism destination.”
The Europe, Middle East, and Africa (EMEA) traditional PC market came in negative in the fourth quarter of 2018, with the market declining (-5.8% YoY) and totaling 19.6 million units, according to IDC.
The Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR) at 9.00 percent during its January 28, 2019 meeting.
A World Bank report suggests that for South Africa to grow sustainably faster, it needs to address its skills gap that perpetuates inequality and fuels policy uncertainty.
QNB Group, the largest financial institution in the Middle East and Africa (MEA), has been recognized as the most valuable banking brand in the MEA with a brand value worth US $5.04 billion.
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
International tourist arrivals to Africa grew seven per cent above the world average in 2018, report
Africa and Middle East Middle East grew above the world average while Asia and the Pacific and Europe grew at 6%; 2018 totaled 1.4 billion international tourist arrivals.
Bank customers in Kenya have not yet warmed up to the idea of robots and artificial intelligence and would rather have humans handle their customer service needs.
Africa's general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020.
Financial services, renewable energy fastest growing sectors in Africa, London Stock Exchange Group report
London Stock Exchange Group has launched the second edition of its 'Companies to Inspire Africa' report, identifying and celebrating some of Africa's most dynamic growth businesses.
Governments should do more to unlock the potential of technology to facilitate tax compliance, PwC and World Bank report
Tax authorities could do more to realise the full potential of new technology to reduce the tax compliance burden on taxpayers, according to the 2019 edition of the annual Paying Taxes report, produced by PwC and the World Bank Group.
Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers.
A pilot programme to reduce lead poisoning in Nigerian gold mining communities has brought extraordinary improvements to an area where hundreds of children had died from lead poisoning.
The progress of Africa’s economy over the last decade has been remarkable. In 2018, six African nations – Ethiopia, Ghana, Tanzania, Senegal, Ivory Coast and Djibouti – feature in the fastest-growing economies in the world.
Kenyan private sector businesses enjoyed a solid improvement in operating conditions during the month of December, 2018.
Sub-Saharan Africa is forecast to add more than 16 million pay TV subs between 2018 and 2024 to bring the total to 45.63 million.
The real estate sector in 2018, recorded continued investment across all themes driven by the political stability following the conclusion of the electioneering period.
South Africa has been ranked 77th out of 100 world countries in economic freedom by the Heritage Foundation.
Africa, Europe and Middle East Server Spending Increased by 24.5% Year Over Year in 3Q18, According to IDC
International Data Corporation's (IDC) Africa, Europe and Middle East Server Tracker shows that in the third quarter of 2018 the server market in these regions reported a year-over-year increase in vendor revenues.
The latest analysis of South African Tourism’s (SA Tourism) performance in 2018 shows a slight growth during the period January to October when compared with the same period last year.
Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018.
The expansion of fast Internet in Africa positively affects employment rates in connected areas, according to research from Columbia Business School.
Mastercard SpendingPulse: South African consumer spending shows moderate uptick ahead of the festive season
Consumers are ringing in the holiday season with a solid start to retail sales, according to Mastercard SpendingPulse™, which looks at overall retail spending trends across all payment types.
Close to 90 per cent of applicants that apply to a job position are objectively not a match to the role advertised.
Egypt has an opportunity to capitalize on current reforms by enabling more private investment in infrastructure and freeing up public funds for investments in people’s education, health and social protection.
A new report by EIA documents how the sale of 180,000 rosewood logs in Guinea-Bissau is fueled by high-level corruption, encourages illegal logging, and threatens local communities.
Early signs suggest that the US-China rivalry will find its way to the African continent in 2019.
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
The North Africa mobile phone market, comprising Egypt, Tunisia, Algeria, and Morocco, saw year-on-year shipment growth of 11.5% in the third quarter of 2018.
Modernising regulation and policy reform will be crucial to boosting Nigeria’s digital economy and accelerating internet access for millions through increased mobile broadband penetration.
With its open trade environment, loosening tax policies, and development plan that encourages investment, Zambia has become an enticing market for business, especially over the past five years.
Middle East,Turkey and Africa personal computing devices market to decline to lowest levels since 2009, study
The Middle East, Turkey and Africa (META) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and tablets, will slump to its lowest levels in a decade next year.
Kenyan manufacturing risks further de-industrialization if the government and firms do not adapt to new digital technologies.
Johannesburg has emerged as the most popular destination city in Africa for the fifth consecutive year, according to the annual Mastercard Global Destination Cities Index.
A draft report by the United Nations Economic Commission for Africa (ECA) titled, “Attracting Institutional Investors in Africa’s Infrastructure,” has undergone a thorough review by experts from wide-ranging sectors.
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
Africa's mobile phone market declined 2.1% quarter on quarter in 2018 according to the latest figures announced by International Data Corporation.
A new access to medicine index has noted increasing interest from multinational pharmaceutical companies in doing business in Africa.
A new study by Rocky Mountain Institute (RMI) and Energy Market and Regulatory Consultants (EMRC) uncovers the business case for undergrid minigrids.
The African data center colocation market is arguably the hottest growth area in the African ICT market, according to a new report by research and analytics firm Xalam Analytics.
Kenya Power has announced a gross profit of KShs.3.1 billion for the year ended 30th June 2018. During the trading period, electricity sales increased by 2.3 % from 8,272 million units the previous year to 8,459 million units.
According to the latest African Development Bank (AfDB) Country Result Brief, Mozambique has made significant strides despite an economic slump over the past two years.
Researchers at the International Centre of Insect Physiology and Ecology (icipe) in Nairobi, Kenya, have discovered a new, previously undescribed edible cricket with great promise for mass production.
Under the coordination of UNDP and collaboration with NEPAD’s Planning and Coordinating Agency, African countries are developing the First African South-South Cooperation Report.
The level of transparency in military spending in sub-Saharan Africa is greater than previously thought, according to a new report from the Stockholm International Peace Research Institute.
The East Africa cement market reached a volume of 14.4 Million tonnes in 2017.
A new book by McKinsey confirms that Africa is poised for economic acceleration, akin to the Asian boom.
Mexican investments in Egypt hit $950 million, in the fields of contracting, machinery parts factories, automobiles, technology, cement, petroleum, and veterinary medical materials.
Egypt's textile exports increased during January-September, 2018 by 10% to reach $678 million compared to $614 million during the same period last year.
Casablanca’s commercial sector showed signs of improvement in the first half of the year in 2018, reveals real estate management company JLL.
A far-reaching in-depth study, led by Nielsen, of television reception throughout Nigeria, Cameroon and Ivory Coast, has positioned Eutelsat as satellite market leader within these countries.
A joint study launched by the Government of Rwanda and the World Bank Group has identified four essential and interdependent drivers of future growth – innovation, integration, agglomeration, and competition.
A new report dubbed The South African Labour Recruitment Industry has been unveiled with a focus on the complex labour recruitment industry which plays a significant role in the South African economy.
An increasing number of mergers and acquisition transactions may be stalling because of concerns over GDPR compliance, according to a survey of EMEA M&A professionals.
Mercer, a global consulting leader in advancing health, wealth and career, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc., has announced the results of an extensive study that examines the needs of workers in the world’s fastest-growing cities across four key factors – human, health, money and work.
A senior official of the UN Economic Commission (ECA), has told Cameroon’s development planning and statistics authorities that the law of the market, called ‘the invisible hand’ in economics, cannot by itself promote diversification, industrialization and the structural transformation of the economies.
The tech startup fever has been spreading across the globe like bush-fire and Africa has not been left out in this bandwagon. More and more people are entering into the tech space because technology never gets old and new inventions keep evolving.
Analysis of trade misinvoicing in Nigeria in 2014 shows that the potential loss of revenue to the government was approximately $2.2 billion for the year, according to a new study by Global Financial Integrity.
Unconditional cash transfers paid to vulnerable populations as regular, predictable income support is now an established programmatic strategy to combat poverty and social exclusion and build resilience to shocks in Africa.
Standard Bank, with a brand value of $4.79 billion, is South Africa's No.1 brand in the first BrandZ™ Top 30 Most Valuable South African Brands ranking.
Insecurity and unemployment key constraints affecting governance across the African continent, study
The annual Ibrahim Index of African Governance has highlighted insecurity and unemployment as key constraints affecting governance across the African continent, citing that some promising nations had “lost momentum”.
About 70 stakeholders comprising executives and planning experts, statistics executives and experts, members of the civil society and representatives from the private sector will converge in Yaounde to review and validate two ECA studies on accountability and statistics in development planning in Cameroon.
After a prolonged period of economic stagnation and decline, African economies have experienced rapid growth over the last two decades. Poverty and malnutrition have fallen steadily during that period.
Due to an exceptional harvest and tourist arrivals that reached levels last seen in 2010, GDP growth in Tunisia have accelerated in the second quarter of 2018 to 2.8 percent, up from 2.5 percent in the first quarter.
Enterprises in Southern East Africa and Mauritius are rapidly stepping up their efforts to boost customer experience, reports omnichannel customer experience specialist Genesys.
The total revenue earned by mobile service providers increased by 8.5 per cent to Ksh 252.3 billion, approximately $2.5 billion, in the past twelve months to June 2018, the latest ICT sector statistic report released by the industry regulator indicates.
Emerging market currencies that have already seen depreciation this year will continue to be susceptible to balance-of-payment crises, according to the External Vulnerability Index published by business information provider IHS Markit.
The Chief Director of Space affairs at the Department of Trade and Industry (the dti), Ms Nomfuneko Majaja says that the Workplace Challenge Programme (WPC) has led to the sustaining of more than 50 000 jobs and creating a further 250 since it was founded.
Coffee producers in Ethiopia and Burundi should capitalize on growing interest in premium markets and environmental sustainability among the 500 million people globally who drink coffee every day to make the most of their inimitable beans.
Cytonn Investments has released their annual Cytonn Corporate Governance Report – 2018, “Cytonn CGR”, which demonstrated that firms with higher levels of corporate governance outperformed those with lower levels of corporate governance.
The African Agenda 2063 is a well spelt out strategic framework for the socioeconomic transformation of the continent over the next 50 years. China’s President XI Jinping has characterized china’s development agenda in Africa as a win-win deal for its aspirations to become the global trade leader.
Unveiled a decade ago in June 2008, the Kenya Vision 2030, the country’s development blueprint, has steered Eastern Africa’s largest economy to unprecedented heights. But the future of the blueprint is caught in a geo-political mire on three fronts.
Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index, produced by the Official Monetary and Financial Institutions Forum, and South Africa remains in top position.
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
South African SMEs are estimated to represent 90% of formal businesses, provide employment to about 60% of the labour force and contribute approximately 34% of the country’s GDP.
A new investigation from Global Witness has revealed how progressive community forestry in Liberia is being undermined by the logging industry - using a number of shady tricks.
Cape Town has topped global water intelligence’s annual listing of the largest water tariff increases in 2018 with a 390% increase in the benchmark price of water and wastewater services.
The development potential of Nigerian mini-grids – generation and distribution systems capable of supplying up to 1 MW of capacity from renewable sources, independent of national transmission networks – is valued at up to $20bn, according to a report.
Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017 according to a new World Bank report.
September data signaled a slower improvement in business conditions in Kenya’s private sector, with the latest expansion being the weakest in the current ten-month phase of growth.
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch said in a report released today.
African-based specialist hospitality, real estate and leisure consulting company, HTI Consulting, summarised the top five performers across 13 African cities for the first half of 2018 as indicated by STR Global.
With 31 914 flights in 2017, the route between Cape Town and Johannesburg was the 9th busiest between two airports in the world last year.
The 2018 financial year proved to be a challenging year for South African mining companies. Globally, the financial performance of the mining industry improved considerably from the previous year.
With South Africa having the most advanced and refined food and beverage market on the African continent, Frost & Sullivan believes in a 4 to 7 per cent estimated growth in the sector by 2020.
GDP growth was reviewed on the 20th of September, below expected, for Angola, by the consulting company Fitch Solutions.
Cytonn Investments has released its 2018 first half Banking Sector Report, which ranks KCB Group as the most attractive bank in Kenya, a position it has retained since 2016, supported by a strong franchise value and intrinsic value score.
The United Nations Economic Commission for Africa,ECA, Office for North Africa has called on countries to facilitate researchers’ access to their microeconomic data for a better understanding of the causes of distortions within their economies.