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30-10-2014 22:52:00 | by: Administrator | hits: 17798947 | Tags:

afriQloud launches in Uganda, 15 African countries to follow in next year
25-06-2019 | 04:42:00
Leapfrogging Africa’s innovation agenda with local cloud solutions
African hotel markets experience sound transactional activity, HTI Consulting
20-06-2019 | 08:05:00
Though Africa remains a market where hotel real estate investment is typically dominated by development, increasing transactional activity is providing much needed liquidity.
[Kenya] Equity Bank, KCB record highest return on equity, Cytonn report
20-06-2019 | 06:11:00
Cytonn Investments has released its 2019 first quarter Banking Sector Review, which highlighted the performance of the listed banks in Kenya.
[South Africa] 40% would give up social media to guarantee lifetime data privacy, Kaspersky’s study
19-06-2019 | 08:30:00
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.
[South Africa] GCR publishes country risk scores for 28 countries from across the globe
18-06-2019 | 12:54:19
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.
Emerging markets are money savvy and ready for change, Luno survey
18-06-2019 | 10:57:00
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.
Nigeria's internet users surpasses 115 million milestone
17-06-2019 | 12:23:00
The Nigerian Communications Commission has said that the Internet users in Nigeria increased marginally to 115,938,255 million in March 2019.
Egypt, China trade exchange hits $13.8b in 2018
17-06-2019 | 11:19:00
Trade exchange between Egypt and China increased 27.6 percent during 2018, recording $13.8 billion.
Over 60 percent of global consumers shop online monthly, report
14-06-2019 | 06:25:00
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.
Economic challenges cause decline in Africa's smartphone market, IDC research
13-06-2019 | 08:39:00
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).
Foreign direct investment to Africa defies global slump, rises 11 percent, report
13-06-2019 | 06:00:00
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.
46% of South African companies piloting AI technologies, report shows
13-06-2019 | 03:11:00
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.
[South Africa] Poor data mastery impacting ability to drive value from data, Oracle report
12-06-2019 | 06:28:39
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 Opera Mini browser to access Facebook
12-06-2019 | 05:23:42
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.
Cameroon cataract bond records successful first year
11-06-2019 | 08:24:29
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.
[South Africa] Sanlam reports satisfactory performance in four-month operational update
06-06-2019 | 10:39:00
Sanlam reported a satisfactory operational performance in the four months to 30 April 2019, despite persisting headwinds in South Africa.
[South Africa] Sanlam paid out close to R4 billion in claims in 2018, report
04-06-2019 | 10:44:00
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.
[Ghana] GOIL Company increases profit by 26 percent, approves Exxon Mobil partnership deal
04-06-2019 | 06:13:00
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.
South African data firm, Redstor, opens office in Netherlands
30-05-2019 | 10:28:00
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 implements IMF's Enhanced General Data Dissemination System
30-05-2019 | 06:27:00
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).
[South Africa] Telkom investment in broadband boosts mobile services revenue
29-05-2019 | 11:54:52
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.
[Kenya] Kenindia raises interest on retirement funds as investment income rise
23-05-2019 | 15:00:27
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.
[Kenya] KCB Group Q1 2019 net profit up 11% to KShs. 5.8 billion, report
23-05-2019 | 10:35:00
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.
GODAN high level agricultural policy meetings conducted in Ghana
23-05-2019 | 09:02:45
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 Cameroon recorded over one million new subscribers in the first quarter of 2019
14-05-2019 | 07:03:00
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.
Ethiopia benefits from tax policy reform, AfDB report
06-05-2019 | 10:12:00
Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources.
World Bank, Egypt sign $200m agreement to promote local economy
06-05-2019 | 07:04:00
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.
Africa fintech sector to hit the $3 billion mark by 2020, ICAEW report
02-05-2019 | 12:57:55
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.
Insurance CEOs optimistic about digital transformation, PwC survey
02-05-2019 | 11:47:00
Globally, leading insurance companies are embracing the future and capitalising on technological advancement and innovation much faster than other industries.
[South Africa] Absa PMI rose to 47.2 index points in April, report
02-05-2019 | 11:00:00
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 Africa] Telcos ignore half of all consumer complaints on social media
02-05-2019 | 07:40:14
South African consumers have threatened to quit networks as half of all complaints on social media go unanswered by mobile operators.
Kaspersky Lab spotlights cybersecurity trends in Africa, the Middle East and Turkey
01-05-2019 | 06:45:12
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.
Optimism as Kenya Airways continues to grow revenues and narrow historical Losses
01-05-2019 | 06:25:00
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
25-04-2019 | 06:26:23
Mercy Corps and Moringa School, have launched an IT Skills Gap Report at the ongoing 4th edition of Nairobi Tech Week (NTW2019)
First population dataset to track South Africans' health and well-being
23-04-2019 | 09:26:00
The South African Population Research Infrastructure Network (SAPRIN), together with the South African Medical Research Council (SAMRC), recently released its first population dataset.
Nigeria is the seed hub of Western and Central Africa, Access to Seeds Index
18-04-2019 | 06:13:00
Nigeria-based Value Seeds tops the rankings in new research on seed companies operating in Western and Central Africa.
[Nigeria] GT Bank posts $158 million in pre-tax profit for the first quarter of 2019
18-04-2019 | 06:05:00
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 economy valued at more than $50 billion, study
16-04-2019 | 11:02:00
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] Logistics market records steady growth, Broll Property report
11-04-2019 | 13:08:00
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.
Domestic capital anchors property investment across Africa, Knight Frank report
10-04-2019 | 12:37:53
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 US$1.163 billion in equity funding in 2018, Partech Africa Report
10-04-2019 | 08:39:06
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
09-04-2019 | 12:30:00
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
08-04-2019 | 12:27:25
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.
East Africa’s economy races ahead of its African peers at 5.7 per cent, AfDB Outlook
05-04-2019 | 09:49:59
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
04-04-2019 | 05:37:00
Almost 40% of those surveyed are moving away from consuming entertainment through traditional channels and rather streaming daily or more.
[Kenya] Fake mobile applications fuelling cyber fraud, CA Report
03-04-2019 | 06:06:23
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.
Improved housing doubles in Sub-Saharan Africa, study
01-04-2019 | 14:23:00
A new study has revealed that improved housing had doubled on the African continent between 2000 and 2015.
Online Marketplaces Could Create 3 Million Jobs in Africa by 2025, BCG report
28-03-2019 | 11:41:12
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).
North Africa dominates the desalination market by 80 per cent in Africa, Frost & Sullivan survey
28-03-2019 | 09:28:12
A new study conducted by Frost & Sullivan shows that the desalination market in Africa has recovered from the global economic downturn in 2015-2017.
[Kenya] Central Bank Rate retains at 9.00 percent, MPC survey
28-03-2019 | 09:16:00
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
South Africans prefer using desktops over smartphones for online shopping, Picodi report
28-03-2019 | 06:35:00
Although mobile commerce is booming globally, South Africans still prefer using desktops over smartphones when doing online shopping.
Online marketplaces could create 3 million jobs in Africa by 2025, BCG report
27-03-2019 | 07:10:17
Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa.
Africa needs double-digit growth to achieve SDGs, says Economic Report on Africa
26-03-2019 | 06:10:00
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.
Kenyan Family Businesses Optimistic On Future Growth, Pwc Survey
21-03-2019 | 09:01:53
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 set to be the next big mobile market, Jumia report
20-03-2019 | 06:57:45
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.
Port Louis named Africa’s top city for expats in Mercer’s quality of living ranking
14-03-2019 | 10:11:00
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
14-03-2019 | 07:45:27
Africa's smartphone market grew 2.3% in 2018 to total 88.2 million units, according to the latest figures announced by IDC.
[Egypt] Mobile phone market shows signs of recovery, IDC report
14-03-2019 | 07:20:32
Egypt’s mobile phone market saw shipments totaling 14.4 million units in 2018, according to the latest insights from International Data Corporation (IDC).
[Kenya] Affordable entry-level devices key driver of smartphone adoption, Jumia Report
13-03-2019 | 05:16:13
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
11-03-2019 | 12:16:00
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
07-03-2019 | 07:10:00
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.
Kenya, Zimbabwe seed companies outperform multinational peers in serving smallholder farmers, Index
05-03-2019 | 09:31:05
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.
[Kenya] Stanbic Holdings posts KSh6B profit after tax, Stanbic Bank results
05-03-2019 | 07:14:00
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.
Nigeria’s Dangote tops short list of African billionaires, Bloomberg Billionaires Index
28-02-2019 | 10:12:00
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
26-02-2019 | 08:01:00
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.
Treasury revises South Africa’s 2019 economic growth to 1.5 per cent
21-02-2019 | 06:57:00
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
19-02-2019 | 07:13:30
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
15-02-2019 | 11:30:00
Global logistics company DHL has released the fifth edition of the DHL Global Connectedness Index.
Egypt international remittance market to hit $20.5 billion by 2023, Ken Research
14-02-2019 | 05:33:49
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.
Surging tourist arrivals to drive South Africa car rental and leasing market, Ken Research
08-02-2019 | 06:59:00
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
30-01-2019 | 09:00:29
Global seed companies are adapting their products to combat the impact of climate change and address nutrition needs.
Growth in passenger and commercial vehicle sales drives lubricants market in Algeria, report
30-01-2019 | 06:56:00
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.
Trade misinvoicing undermines the impact of international trade in developing nations, GFI report
29-01-2019 | 10:05:00
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.
EMEA PC market declined in the fourth quarter of 2018, IDC report
29-01-2019 | 09:03:00
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.
[Kenya] GreenTec invests into SuperFluid Labs
29-01-2019 | 07:38:00
GreenTec has announced its investment into SuperFluid Labs, a SAAS provider of data analytics and artificial intelligence solutions.
Reforming South Africa's tertiary education can reduce opportunity inequalities, World Bank report
25-01-2019 | 06:09:53
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 beats combined-cycle gas in Jordan and Morocco, study
22-01-2019 | 14:51:00
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
22-01-2019 | 07:00:00
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.
[Kenya] Customers not ready for robotic agents but value mobile banking, survey
22-01-2019 | 06:15:00
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.
[Tanzania] Number of mobile money subscribers rises 4.7%
21-01-2019 | 09:43:23
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 needs 12 million new jobs yearly to stop rising unemployment, report
18-01-2019 | 06:31:00
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
16-01-2019 | 10:55:07
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.
South Africa accounts for 90 per cent of global platinum mining market, report
16-01-2019 | 06:20:35
Global Platinum Mining to 2022 report has been released providing a comprehensive coverage on global platinum industry.
North Africa, Middle East economic growth improve on strengthened oil exports, imports, World Bank
15-01-2019 | 09:36:00
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.
[Nigeria Business Week] Industries partner to reach common goals
10-01-2019 | 10:57:00
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
December survey completes strong year of growth for Kenya, Stanbic Bank report
10-01-2019 | 09:22:00
Kenyan private sector businesses enjoyed a solid improvement in operating conditions during the month of December, 2018.
Sub Saharan Africa to add 16 million pay TV subscribers by 2024, report
10-01-2019 | 06:58:51
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 among top 10 African exporters of apparel to the United States, Report
08-01-2019 | 13:11:00
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.
[Kenya] Real estate performance dips on low property demand, growing supply, Cytonn report
08-01-2019 | 09:37:00
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 foreign reserves drop 4.4% in December
08-01-2019 | 09:17:00
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.
[Nigeria] NNPC records ₦9.85b trading surplus
07-01-2019 | 09:50:00
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.
Nigerians pay N56.8trn electronically in 2018
07-01-2019 | 08:57:00
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
02-01-2019 | 05:40:28
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 among most spammed countries in the world, Truecaller report
27-12-2018 | 18:44:11
South Africa continues to be one of the most spammed countries in the world according to the latest findings from Truecaller Insights report.
South Africa's tourism performance steady as the year draws to a close,report
27-12-2018 | 17:32:54
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.
Africa, Middle East and Turkey wearable devices market enjoys strong growth, IDC
27-12-2018 | 12:44:36
Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018.
[South Africa] Cell C now fully compliant with ICASA regulations
21-12-2018 | 11:31:13
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
20-12-2018 | 06:08:57
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 receives only 5% of the international arrivals
19-12-2018 | 09:09:00
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
19-12-2018 | 08:05:00
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”,