Leapfrogging Africa’s innovation agenda with local cloud solutions
Though Africa remains a market where hotel real estate investment is typically dominated by development, increasing transactional activity is providing much needed liquidity.
Cytonn Investments has released its 2019 first quarter Banking Sector Review, which highlighted the performance of the listed banks in Kenya.
Kaspersky’s recent report has revealed that four-in-ten (40%) of South African consumers would give up their social media accounts to guarantee their data remains private for the rest of their life.
Through its interaction with the Country Risk Assessment, the Global Credit Ratings (GCR) has published country risk scores for 28 countries from across the globe.
The adoption of cryptocurrencies in developing countries has been well documented and the anomaly is often flagged that people who have less appear to take greater financial risks.
The Nigerian Communications Commission has said that the Internet users in Nigeria increased marginally to 115,938,255 million in March 2019.
Trade exchange between Egypt and China increased 27.6 percent during 2018, recording $13.8 billion.
More than 60 percent of global consumers shop online at least once a month with the majority of those sessions stemming from a mobile device.
Africa's smartphone market saw a 7.1% decline in shipments quarter on quarter (QoQ) in Q1 2019 to total 21.5 million units, according to the latest insights from International Data Corporation (IDC).
Africa escaped the global decline in foreign direct investment (FDI) as flows to the continent rose to US$46 billion in 2018, an increase of 11 per cent on the previous year.
Artificial intelligence (AI) pilots and experimentation are now prolific across South African companies, with businesses showing a willingness to embrace AI and experiment using new technology.
On average less than 40% of companies in Europe, the Middle East and Africa (EMEA) are confident they can master their data – that is managed, secure and gain insight from data, and use it responsibly.
40% of Kenyans using global mobile browser Opera Mini access online social media site Facebook, says a 2019 State of Mobile Web Report for Africa.
An innovative cataract project funded through a development impact bond has celebrated a monumental first year, screening more than 50,000 patients and completing more than 2,300 cataract surgeries in Cameroon.
Sanlam reported a satisfactory operational performance in the four months to 30 April 2019, despite persisting headwinds in South Africa.
In 2018, Sanlam paid out R3,9b in claims, with R3,2b being for life cover, R329m for income cover and R323,5m for trauma and injury.
GOIL, made a consolidated profit after tax of GH₵81.9 million. The company has also, by resolution at its Annual General Meeting in Accra, changed its name from Ghana Oil Company Limited to GOIL Company Limited.
Redstor, the data management SaaS business with technology developed in South Africa, has opened a new Amsterdam office as part of a global expansion strategy.
Equatorial Guinea has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP).
Telkom South Africa's performance for the year ended 31 March 2019, driven by the mobile business, saw mobile services revenue increase by 58.3% underpinned by the group’s broadband-led proposition.
Kenindia Assurance has increased interest payable on retirement funds under its management to 11.5% for the year December 2018. This is a rise from the 11.25% it posted in 2017.
KCB Group net profit grew 11% to KShs. 5.8 billion in the first quarter of 2019 from KShs. 5.2 billion reported the same period last year.
The Executive Director of the GODAN Initiative was in Ghana holding a series of meetings with Ministers and representatives as part of GODAN's efforts to support common Open Data and Agricultural policy in Western Africa.
MTN Group has published its financial results for the first quarter of 2019 in Johannesburg, South Africa showing sustained growth in all segments, with 236.6 million subscribers as of March 31, 2019.
Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources.
The World Bank and Egypt have yesterday signed an agreement to support the next generation of reforms in Egypt focused on promoting entrepreneurship and creating more job opportunities particularly for young people and women.
The Africa FinTech sector is set to show strong growth over the medium term, from roughly $200m in 2018 to $3bn by 2020 according to, the Institute of Chartered in England and Wales, ICAEW's latest report.
Globally, leading insurance companies are embracing the future and capitalising on technological advancement and innovation much faster than other industries.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 2.2 points to reach 47.2 index points in April. This was the first increase after three months of declines in the headline PMI.
South African consumers have threatened to quit networks as half of all complaints on social media go unanswered by mobile operators.
Kaspersky Lab reported more than 150 million malware attacks in Q1 alone, representing an average of 1.6 million attacks per day, and an alarming 108% increase over Q1 2018.
Kenya Airways has reported its FY2018 earnings, demonstrating consecutive growth in revenue and narrowed losses even as global report shows African airlines operated at 10% below the estimated average in 2018.
Value of Kenya’s and Uganda’s ICT sector projected to be US$1.7billion and US$1.33billion, respectively, report
Mercy Corps and Moringa School, have launched an IT Skills Gap Report at the ongoing 4th edition of Nairobi Tech Week (NTW2019)
The South African Population Research Infrastructure Network (SAPRIN), together with the South African Medical Research Council (SAMRC), recently released its first population dataset.
Nigeria-based Value Seeds tops the rankings in new research on seed companies operating in Western and Central Africa.
Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges.
West Africa’s mobile ecosystem generated more than $50 billion in economic value last year – equivalent to 8.7 per cent of the region’s GDP, according to a new GSMA study.
Kenya’s expanding economy has spurred the growth of its logistics property market with the economic hub of Nairobi experiencing a 15% year-on-year increase in new warehousing supply.
Office yields remained largely stable in most African markets over the past two years, anchored by patient domestic capital as local investors assume a longer-term perspective, a new analysis by Knight Frank shows.
African tech startups raised a total of US$1.163 billion in equity funding in 2018. This is according to the Partech Africa annual report on the financing of African Startups.
[Kenya] Commercial office sector rental yields in Nairobi Metropolitan area grows to 8 per cent, Cytonn report
Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its Nairobi Metropolitan Area Commercial Office Report – 2019.
Growth in Sub-Saharan Africa remains below three percent three years after crisis, World Bank report
Growth in Sub-Saharan Africa has been downgraded to 2.3 percent for 2018, down from 2.5 percent in 2017, according to the April 2019 issue of Africa’s Pulse.
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive.
[South Africa] Consumers moving away from traditional forms of entertainment and media consumption, Pwc Survey
Almost 40% of those surveyed are moving away from consuming entertainment through traditional channels and rather streaming daily or more.
A proliferation of mobile applications on popular online stores is exposing Kenyans to increased cyber-attacks and fraud, the latest sector statistics report by the Communications Authority of Kenya (CA) shows.
A new study has revealed that improved housing had doubled on the African continent between 2000 and 2015.
Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa according to a new report released today by Boston Consulting Group (BCG).
A new study conducted by Frost & Sullivan shows that the desalination market in Africa has recovered from the global economic downturn in 2015-2017.
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
Although mobile commerce is booming globally, South Africans still prefer using desktops over smartphones when doing online shopping.
Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa.
African countries need to grow their economies faster if they are to achieve the Sustainable Development Goals by the target date of 2030, the Economic Commission for Africa (ECA) says in its annual report.
PwC Kenya’s latest report “The values effect: PwC 2018 Family Business Survey” shows that family businesses in Kenya have plans to grow over the next 5 years.
Africa is judiciously positioned to be the next big mobile market, enviously eyed by global investors for her enormous growth opportunities according to a Mobile Report for Africa released by Jumia.
Trade tensions and populist undercurrents continue to dominate the global economic climate.
Africa’s Smartphone Market Sees First Growth Since 2015 Despite Downturn in Global Market, IDC report
Africa's smartphone market grew 2.3% in 2018 to total 88.2 million units, according to the latest figures announced by IDC.
Egypt’s mobile phone market saw shipments totaling 14.4 million units in 2018, according to the latest insights from International Data Corporation (IDC).
According to the Jumia White Paper, the smartphone industry has remained a truly competitive landscape throughout the years, with Chinese brands dominating both Kenyan and African markets.
Africa and Middle East PC devices market outperforms expectations but outlook for 2019 remains bleak, report
The Middle East and Africa (MEA) personal computing devices market, which is made up of desktops, notebooks, workstations, and tablets, declined 5.0% year on year in Q4 2018.
[South Africa] Sanlam remains resilient amid challenging operating environment, Sanlam annual results
Sanlam’s 2018 annual results provides testimony to its resilience amid challenging operating conditions and negative investment markets as it announced its operational results for the 12 months ended 31 December 2018.
Two homegrown African seed companies top the 2019 Access to Seeds Index for Eastern and Southern Africa, for playing a key role in raising smallholder farmer productivity.
Stanbic Holdings posted KSh6.3 billion profit after tax last year, a 46 percent growth from the previous year’s KSh4.3 billion, driven by growth in customer loans and deposits.
Aliko Dangote’s $17 billion net worth makes the Nigerian the richest person in Africa and the only member of the Bloomberg Billionaires Index from one of the 60 poorest countries.
New technology drives demand for mobile payments access in the Middle East and Africa, Mastercard study
Mobile payments represented more than 30 percent of the total social media conversation around payments in the Middle East and Africa, with total mentions doubling over the prior year.
National Treasury has revised down the South African economy’s growth to 1.5% in 2019.
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.
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.
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.
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.
GreenTec has announced its investment into SuperFluid Labs, a SAAS provider of data analytics and artificial intelligence solutions.
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.
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.
The number of mobile money subscribers rose by 4.7 per cent during the third quarter of last year as telecommunication operators intensified their competition amid changing market sentiments.
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.
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.
Global Platinum Mining to 2022 report has been released providing a comprehensive coverage on global platinum industry.
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.
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
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.
Malawi has been named a distant 10th of the top 15 African Exporters of Apparel to the United States under the African Growth & Opportunity Act (AGOA) Trade preference programme.
The real estate sector in 2018, recorded continued investment across all themes driven by the political stability following the conclusion of the electioneering period.
Egypt's foreign currency reserves dropped by 4.4 percent to 42.5 billion U.S. dollars in December 2018, compared with 44.5 billion dollars in November.
The Nigerian National Petroleum Corporation has announced a trading surplus of ₦9.85billion for the month of September 2018, a figure higher than the previous month’s deficit of ₦3.90 billion.
Reports from the Nigerian Interbank Settlement System have indicated that Nigeria’s e-payment services, recorded transactions worth N56.85 trillion from January to September last year.
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.
South Africa continues to be one of the most spammed countries in the world according to the latest findings from Truecaller Insights report.
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.
Following months of intensive development, Cell C is now fully compliant with the End-User and Subscriber Service Charter regulations in accordance with ICASA.
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.
Africa’s travel and tourism industry continues to record impressive growth over the years. In 2017, the continent hit a 63 million high in international tourist arrivals as compared to 58 M in 2016 (+ 9% vs 2016).
The nightmare before Christmas: Over 50% of South African shoppers have had their financial credentials compromised
Cybercriminals targeting consumers’ banking credentials or online shopping accounts could hit the jackpot this holiday season as shown by the Kaspersky Lab report “From festive fun to password panic: Managing money online this Christmas”,