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[Free Webinar] E-commerce Evolution: The Future of Finance with Digital Payments in Africa
Master the skill of leveraging digital payment solutions to enhance transaction efficiency, cater to diverse payment preferences, and manage risks associated with foreign exchange and transaction security.
Africa Business Communities launches operations in the Middle East
The company supports doing business in Africa through marketing and communication services, custom media productions and market research and has the largest LinkedIn community in Africa with over 1.2 million followers.
L'Oréal is the world’s most valuable cosmetics brand, report
The iconic French brand continues to outshine its competitors, boasting a brand value approximately 80% higher than its closest rival.
Corporate communications agency LCH Consultancy appoints Evelyne Wangui as Director of media relations
As Director of Content and Media Relations, she will be pivotal in strengthening strategic services across the African region.
Pan-African legal firm Centurion Law Group rebrands as CLG
The rebrand aligns closely with the firm’s mission to consolidate its position as the leading legal practice and business advisor in an ever-evolving energy environment.
MENA region leads global growth in luxury travel, report
The appetite for new experiences in unexplored destinations, micro-trips and ‘bleisure’ will likely drive the growth of the global luxury travel market
Zambia develops and validates blue economy strategy
The strategy will guide the nation in advancing knowledge on biotechnology, environmental sustainability and ecosystem services.
African Union and Google Africa launch campaign to celebrate the creative economy
In celebration of Africa Month,YouTube creators across Africa are invited to share short videos capturing their unique perspectives using the #DiscoverMyAfrica hashtag.
EIB’s Water Sector Fund invests €10 million to support innovative businesses in Africa and Asia
W2AF is a “water-focused” blended finance impact fund targeting sustainable and scalable solutions that improve access to safe, affordable drinking water for underserved populations, mainly in Sub-Saharan Africa and South and Southeast Asia.
[Zoom Event, April 11 2024] Global Strategies for Success in Africa: Overcoming FX and Payment Hurdles
This event explores the vast potential and unique challenges of expanding businesses in Africa, focusing on mastering international pitches, understanding cultural nuances, and crafting pitches that highlight unique value propositions.
Mastercard and Women Choice expand partnership to invest in women entrepreneurs
Women Choice - an international organization dedicated to advancing women's personal and professional development - launched the pilot cohort in 2023.The next cohorts will be participating in the new programs this year and will aim to impact 50,000 women.
Unilever accelerates Growth Action Plan by launching productivity programme
Unilever has announced steps to accelerate its Growth Action Plan (GAP) through the separation of Ice Cream and the launch of a major productivity programme.
Nissan Africa announces regional appointments
Jordi Vila, currently Nissan Divisional Vice President Marketing and Sales Europe has been appointed as President Nissan Africa, as DVP.
Mark-Anthony Johnson: Is Africa splitting in two?
Mark-Anthony Johnson: Is Africa splitting in two?
Africa’s vibrant and sustainable creations
In many African communities, creativity knows no bounds. A unique and fascinating trend has emerged, where individuals repurpose flip-flops into remarkable crafts.
Nissan Navara to fly the flag up through Africa in daring expedition
Dubbed Nissan Daring Africa 2024, the expedition will visit Mozambique, Zimbabwe, Zambia, Malawi, Tanzania and Kenya before ending in Egypt.
[Webinar] Complimentary expert session for Telecom leaders and Startups in Africa, March 21
Designed for telecom leaders and startups, thia event offers invaluable strategies for expanding services, managing FX risks, enhancing cross-border payments, and establishing credibility in the international arena.
Xsolla unveils new payment methods for gamers in Africa
This move addresses the unique financial landscape of Africa, where a significant portion of the population, particularly in regions like Ghana and Uganda, remains unbanked.
[Column] Hassan Egeh: Somalia's battle with climate change effect
Climate change has significant effects on Somalia, impacting various aspects of the country. Droughts and water scarcity have become more severe, leading to a loss of vegetation and livestock deaths. This has resulted in food insecurity, with crop failures and reduced agricultural productivity.
Southern African tourism stakeholders to get new regional disaster risk management and crisis communication plan
The SADC Business Council Tourism Alliance has concluded the successful completion of a pilot project on tourism disaster risk management and crisis communication for the Southern African Development Community (SADC) region.
IATA announces first signatories to Air Cargo Digitalization Leadership Charter
The Digitalization Leadership Charter aims to accelerate the air cargo industry’s digitalization journey by committing to five key guiding principles.
Village Capital unveils programme targeting African startups focused on greentech
The programme is designed to advance innovative and sustainable solutions, actively contributing towards building resilience and mitigating the effects of climate change across Africa.
AFC Joins Ecobank and Soto Gallery to Host +234Art International Art Exhibition to empower African artists
AFC has joined forces with Ecobank Nigeria and Soto Gallery to host the +234Art Fair, a 10-day international exhibition intended as a springboard to promote Africa’s art and its artists.
[Column] Farai Bayai Ncube: Bridging gender gaps in Africa’s creative sectors
The Creative DNA programme, initially successful in Kenya with three completed cohorts, has expanded to Ethiopia, Senegal, and Uganda, and plans to launch in more sub-Saharan African countries.
IATA partners with Smart Freight Centre on carbon emission calculations
The two organizations will focus efforts on developing the cargo component of IATA’s CO2 Connect offering, which successfully launched its passenger version in 2022.
DP World launches global freight forwarding network
In response to increasing disruptions to global trade – from climate change, geopolitics and macroeconomic challenges – DP World has embarked on a bold initiative to bolster its commitment to its customers.
Zambia validates blue economy strategy
The strategy will guide the nation in advancing knowledge on biotechnology, environmental sustainability and ecosystem services.
IBM commits $45 million towards resilient cities
IBM also announced that it would increase investment in the pro-bono social impact program by 50%.
Global HR company Deel to acquire African payroll firm PaySpace
Global HR company Deel has announced that it is acquiring African-based payroll and HR solution company PaySpace for an undisclosed amount. It is one of Deel’s largest acquisitions to date.
Aviation experts push for a Model Bilateral Air Services Agreement
Aviation officials from the Eastern Africa-Southern Africa and Indian Ocean region are making steady progress in reviewing and having a model Bilateral Air Services Agreement (BASA) that conforms with the provisions of the Yamoussoukro Decision of 1999.
IATA and The Weather Company to provide enhanced turbulence-related weather data to airlines
With this enhancement, participating airlines will soon be able to access Eddy Dissipation Rate (EDR) turbulence data directly through Fusion and Pilotbrief tools by The Weather Company.
Lilium Group and Didier Drogba Foundation are now co-owners of Team Drogba in the E1 World Championship
Lilium Group, the parent company of Vista Group the African financial services group, and the Didier Drogba Foundation announce that they are co-owners of Team Drogba in the E1 World Championship.
DFC reaffirms commitment to scaling investment in African infrastructure and critical minerals
Deputy Chief Executive Officer (DCEO) Nisha Biswal traveled to South Africa and Zambia as part of the largest U.S. government delegation to Mining Indaba and the first Lobito Corridor Investors Forum and to deepen DFC’s investments on the continent.
[FINTECH EVENT] Verto Atlas Product Launch, Lagos Continental Hotel, 29 February
Verto extends this invite to an exclusive, fireside gathering at the prestigious Intercontinental Hotel Lagos, as it unveils Verto Atlas, the financial powerhouse for large corporations and enterprises in Nigeria.
TradeMark Africa partners with global organizations to boost international trade
With TMA funding of $4 million, IOTA developed TLIP, a system built on the distributed ledger technology providing a transparent and secure electronic exchange of trade information in international supply chains.
Uber is the world's most valuable mobility brand, study
Uber remains the world's most valuable mobility brand, with a 28% increase in brand value to $29.7 billion, according to the latest report by Brand Finance, the global brand valuation consultancy.
2024 Dubai WoodShow to feature seven country pavilions
Dubai International Wood and Woodworking Machinery Exhibition (Dubai WoodShow), is poised for its landmark 20th edition, scheduled from March 5 to 7, 2024, at the Dubai World Trade Centre.
African healthtech shows resilience with mere 2% decline in funding while broader tech ecosystem plunges in 2023, report
Healthcare consulting firm Salient Advisory has launched its latest Intelligence Report, presenting findings on funding activity, covering grant, equity, and debt investments for African healthtech startups in 2023
Digital commerce in Africa to expand 25% per year by 2026, report
Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in 2024 and trailing only Asia as a region. This is according to the new annual Beyond Borders digital payments and commerce report by EBANX
TradeMark Africa receives $63 million from Netherlands to advance sustainable trade
This strategic investment will fuel TradeMark Africa’s Strategy 3, covering the period till 2030, aimed at driving green, sustainable economic growth, fostering innovative trade practices, and promoting inclusive trade across Africa.
[Column] Anthony Mwangi: Export-led growth the cure to Kenya’s currency devaluation
The Kenya Association of Manufacturers (KAM) firmly believes that embracing an export-led growth strategy holds the potential to reverse the situation and mitigate against the free fall of the local currency.
[Open Webinar, Feb 1 2024] Cross-Border Finances: Enhancing Commodity Trade Across Africa
Tailored for CFOs, this event provides strategic knowledge to navigate international markets and enhance financial outcomes in the dynamic commodities sector. Don't miss this unique opportunity for CFOs to stay ahead in global commodity trading.
World Bank approves $300m loan for Ghana’s economy
The World Bank today approved a $300 million Development Policy Operation for economic relief in Ghana.
East African region leads the rest of Africa in economic growth, report
In 2024, Africa's overall growth is forecasted at 4.0%, a notable increase from 3.3% in 2023, positioning it as the second-highest globally, trailing only Asia (4.8%).
United Manganese of Kalahari (UMK) has announced reduction in manganese production
United Manganese of Kalahari (UMK) announced that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being.
[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.
[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.
[Column] Hassan Egeh: What does it mean for Somalia to join East Africa Communities (EAC)?
Somalia was admitted into the East African Community (EAC) on Friday Novermber24, 2023 the eighth member of the bloc as it seeks to expand free trade across the region.
[Free Webinar] Unlocking Success in New Markets: Cross-Border Payments Strategies for South African Businesses
Embark on a journey through the dynamic realm of international finance with our upcoming webinar, where we unravel the intricacies of global payment strategies essential for triumph in the finance sector.
Western Australia to host 24th WTTC Global Summit after Kigali
During the closing session of the World Travel & Tourism Council’s (WTTC) Global Summit in Kigali, Western Australia was announced as the host for 2024, marking the first time the event will visit Oceania.
Kenyan consumers remain optimistic, but financial worries weigh heavy, report
According to TransUnion’s Consumer Pulse Study, one of the significant factors contributing to the decrease in household income was job loss, with 30% of consumers reporting that someone in their household lost their job over the past month.
Antwerp and Botswana to gather diamond industry in Gaborone for FACETS 2023
The two-day Conference was officially opened by the President of the Republic of Botswana, His Excellency Dr. Mokgweetsi Keabetswe Masisi.
Africa's total exports expected to hit close to $1 trillion by 2035, report
Standard Chartered has published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the African Continental Free Trade Area (AfCFTA) as a key proponent of optimising intra-African trade.
[Column] Anthony Mwangi: Functioning ORGWARE a panacea for Kenya economic transformation
The term describes the framework conditions for Information Technology (IT) projects that are neither part of the hardware nor software but are necessary to achieve the project goals.
[Free Webinar] Global Payment Strategies for Shipping & Logistics: Empowering Seamless Trade
In the rapidly evolving landscape of shipping and logistics, effective cross-border payment strategies have emerged as a critical driver of success. Join this insightful webinar that delves into the world of global payment strategies.
[Column] Vera Ng’oma: Propelling TEVET as Africa is set to be the world capital for young talent
Africa could seize this opportunity as it pursues a re-envisioning of its economic prospects. But this aspiration can only be attainable if education systems are revitalised, skills development philosophies re-set and job markets scaled to support the demographic boom.
[Column] Patrick Mweheire: Major investment drive sparks East African trade and development
East Africa is poised to unlock new pathways for trade, development and growth.
Africa Climate Summit 2023 concluded with Nairobi Declaration
At the closing of Africa Climate Summit 2023, African leaders announced $23 billion Nairobi declaration target for green growth in Africa.
[Column] Marlene Mutimawase: Promoting women's leadership for land restoration in Africa
African Union in partnership with the Government of Kenya and Africa Climate Summit brings together leaders from governments, businesses, international organizations, and civil society to showcase a diverse range of bold innovative climate actions taking place across Africa.
[Column] Thandi Moticoe: Driving change through economic empowerment of South African women
One of the keys to overcoming the challenges faced by women is economic empowerment. By providing women with skills training, microfinancing, and entrepreneurial support, we are helping women break free from the shackles of dependence and vulnerability.
AFRAA joins initiative enhancing aviation's economic contribution to Africa
Focus Africa aims to maximize the contribution of aviation to development across the African Continent by better serving passengers and shippers.
[Chronique]Frida Frans: L'impact des coups d'État sur les accords de commerce et la stabilité économique en Afrique de l'Ouest
La récente série de coups d'État en Afrique de l'Ouest a entraîné des bouleversements politiques dans la région. Ces coups d'État survenus au Mali, en Guinée, au Burkina Faso et au Niger se caractérisent par des changements soudains et souvent violents à la tête du pays.
Radisson Hotel to introduce its eighth hotel in Morocco with the opening of Radisson Blu Residences, Saidia
Radisson Hotel Group is expanding its presence in Morocco with the opening of Radisson Blu Residences, Saidia, its eighth hotel in the country. Nestled in the heart of one of the most popular seaside destinations in northern Morocco, the new hotel bolsters the Group’s portfolio to three hotels in Saidia.
[Column] Frida Frans: The impact of Coup d’état on trade agreements and economic stability in West Africa
The recent series of coup d'état incidents in West Africa has resulted in significant political upheaval across the region. These prominent coups occurrences in Mali, Guinea, Burkina Faso, Niger are characterized by sudden and often forceful changes in leadership.
Nigeria, Ethiopia swap $100m blocked airline funds
The Ethiopian and Nigerian central banks have agreed to swap funds trapped in their respective states, which will see Ethiopian Airlines (ET) recover up to $100 million trapped in Nigeria.
Ethiopia applies to join the BRICS bloc of emerging economies
Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday.
[Column] Pankaj Bedi: Transform Kenyan human capital for sustainable growth
For any business, one of the most critical components of enhancing productivity and giving the company a competitive edge is a skilled and highly efficient workforce. The most industrialized nations attribute their development to a highly skilled workforce, among other factors.
CPS and African School of Economics join forces to establish University and Research Labs in Fumba Town
CPS to announce its partnership with the African School of Economics (ASE), spearheaded by Prof Leonard Wantchekon, the esteemed President and Founder.
UK and Ghana launch new investor group to scout for top investment opportunities
The UK and Ghana have launched a new investor group to help identify mutually beneficial investment opportunities for both countries in a boost to the existing economic partnership.
Ghana’s tax on sugar-sweetened beverages a win for health sector, experts
Actioned by the Ghanaian Government as part of measures to reduce impacts of SSBs on public health, the country is now one of hundreds that have implemented World Health Organization-recommended interventions to prevent non-communicable diseases (NCDs).
Africa to become the second-fastest growing region after Asia AfDB report
But the projected growth will depend on global conditions and the continent’s ability to bolster its economic resilience, the African Development Bank’s 2023 African Economic Outlook report has found.
[Column] Gawie Kanjemba: The state of play of African oil and gas
Historically, oil and gas projects are known to experience delays ranging from 5% to 20% of the project duration owing to project complexity, significant capital requirements and the multi-faceted nature of developments.
Focus Africa Conference to strengthen aviation’s contribution to African development
The International Air Transport Association (IATA) has announced that the Focus Africa Conference will delve into six priorities under IATA’s Focus Africa initiative to strengthen aviation’s contribution to the continent’s economic and social development.
2023 AFRICA CEO FORUM to be held in Abidjan, Cote d’Ivoire
2023 AFRICA CEO FORUM to be held June 5-6 in Abidjan, Cote d’Ivoire to help shape Africa’s response to global crises
[Column] NJ Ayuk: The outlook for African oil in 2023 is promising
Several years ago, the African energy industry was in survival mode. The COVID-19 pandemic had practically eliminated demand for crude oil, and African exports dropped sharply.
Ghana, Austria sign key strategic partnership agreements
The President of the Republic, Nana Addo Dankwa Akufo-Addo, and the Chancellor of the Federal Republic of Austria, Karl Nehammer have agreed on key areas of cooperation primary on strengthening existing bilateral ties between the two countries.
[Column] Anthony Mwangi: Why accelerating circular economy is a no brainer for Kenya
The concept of a circular economy is increasingly being recognized globally as crucial for achieving global sustainability goals.
Ethiopia moves towards liberalization of trade in services
Trade in Services plays a key role in the economic growth and development of a country. Services directly support production but also value chains and create jobs and other economic and non-economic opportunities.
[Africa Business Communities Forum] How are the 2023 elections affecting businesses in Nigeria?
With the end of the first quarter here, Africa Business Communities talks with business owners and CEOs in Nigeria on the effect this year's elections is having on the economy at large.
Visit Rwanda signed a new deal
The Rwanda Development Board (RDB), through the Visit Rwanda campaign signed a Memorandum of Understanding with the Veteran Clubs World Championship where Rwanda will host the next three editions of the football tournament.
[Column] Sithembile Ntombela: South Africa economy could benefit from BRICS enlargement
One of the least known information about the BRICS countries is that the chairmanship of the group is rotated annually amongst its members in accordance with the acronym of B-R-I-C-S.
[Column] Cathy Smith: With change the only constant, leaders will need to be adaptive in 2023
The last few years have revealed the futility of making predictions about what lies ahead. In our uncertain times, the only guarantee is that the world will keep changing, with change coming at an ever-accelerating rate.
[Column] Rajan Shah: Proposed EGMS Tax hike threatens Kenya’s economic growth
The Kenya Revenue Authority (KRA) has proposed an increment of excise duty which as Kenya Association of Manufacturers (KAM) are deeply concerned about.
[Nigeria Business Week] Andrea Ayemoba: Digitization on all fronts, tech takes the lead
There is an obvious, increasing amount of technology awareness, and appeals for more extensive technology trainings in Nigeria.
[East Africa Business Week] Bob Koigi: Improving business competitiveness in the region: The case of TradeMark Africa
As it rebrands to TradeMark Africa, TMA, in its bid to grow its continental footprint, aid for trade institution formerly known as TradeMark East, boasts of having made a lasting mark in East Africa where it has operated for over ten years.
[Nigeria Business Week] Andrea Ayemoba: 2022 statistics outline Nigeria's economic status quo
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
[Column] Givemore T. Chiwanza: How has the Russia-Ukraine crisis affected Africa?
This Ukraine crisis escalated on 24 February 2022 and has tremendously impacted the global socio-economic terrain. The situation has and will continue to affect the African continent's financial system and food and energy security.
[Nigeria Business Week] Andrea Ayemoba: Investments take priority over all
With global inflation spiraling out of control, every country is working harder than ever to welcome new enterprise and business. Nigeria made great progress in this in recent months.
Growing Crypto Market in South Africa - What Cryptocurrency is best to invest in?
Undoubtedly, trading crypto has become one of the primary sources of income for many people. In South Africa, a few people trade crypto full-time, while most treat it as a side hustle.
Africa is one of the world's fastest growing crypto markets
Analysis by blockchain data platform Chainalysis has revealed that Africa’s crypto market is growing faster than anywhere else in the world.
[Nigeria Business Week] Andrea Ayemoba: Local fintech spreads to East Africa, oil and gas find major milestone
Nigeria, like other countries of the world, is going through some economically turbulent times. Inflation is on the rise (recently pegged at 21.9%) and local startups are directly impacted by financial crises on the other side of the world.
Africa Business Communities Forum: Which African countries will perform best economically in 2022?
Africa Business Communities talked to several entrepreneurs and founders in the early months of the year, and they cast their votes on which African countries will thrive best in 2022.
Africa Business Communities Forum: Quels seront les pays Africains plus performants sur le plan économique en 2022?
Africa Business Communities s'est entretenu avec plusieurs entrepreneurs et fondateurs au cours des premiers mois de l'année, et ils ont voté pour déterminer quels pays africains seront les plus prospères en 2022.
[Column] Goodie M. Ibru: What the AfCFTA brings to the table in Africa
The trade and investment layout of the African Continent is a story of both promise and missed opportunities. With a population of over 1.2 billion, Africa promises a huge and promising market.
[East Africa Business Week] Bob Koigi: Partnerships bolster cross-border remittances and trade
This will also accelerate financial inclusion and remove the barriers around cross-border money transfers.
[Column] Anthony Mwangi: Why Kenya’s inflation adjustment should not be implemented
The Plan demonstrates the government’s deep understanding and commitment to developing sustainable solutions for all. KAM remains committed to working closely with Government to transform the economy.
[East Africa Business Week] Bob Koigi: Investing in women-led businesses
Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
[Column] Khethiwe Nkuna: Why investing in women is a smart economic policy
There is a growing body of evidence around the world that shows that gender diversity is linked to innovation in business. An innovation mindset is six times more likely in more gender-equal cultures than in the least equal ones.
Forum de l'African Business Roundtable: Que peuvent faire les gouvernements Africains pour renforcer le secteur privé du continent?
African Business Rountable (ABR), créé par le Groupe de la Banque Africaine de Développement en 1990, est la principale association d'entreprises et de chefs d'entreprise d'Afrique et représente la Société Africaine des Affaires auprès des Nations Unies.
African Business Roundtable, Afreximbank organize free webinar masterclass, September 28
In continuation of the series of webinars that has been ongoing throughout the year, the African Business Roundtable and the African Import Export Bank (Afreximbank) are set to hold yet another webinar on capacity building and investor preparation.
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COLUMNS.
[Column] Louis Avenant: Trends for African telcos in 2024
Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings ...read full column here
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[Column] Virodh Sunderlall: What to expect from South Africa’s cybersecurity landscape in 2024
As widely reported last year, South Africa received the most cybersecurity threats on the continent by far ...read full column here
[Column] Stephen Bottger: The power of data analytics to revolutionise public safety
The use of applications, technology and data analytics can play a significant role in public safety globally ...read full column here
INTERVIEWS.
[Interview] Chester Wisniewski, Director of Global Field CTO, Sophos
Chester Wisniewski, the Director of Global Field CTO at Sophos, emphasizes several key trends and predictions for the cybersecurity realm in the coming year … read full interview here
[Interview]: Daniel Otu, Koa’s Production and Operations Director & the factory project lead
Daniel Otu, Koa’s Production and Operations Director & the factory project lead, touched on the challenges faced, the importance of sustainability, the role of local culture, and the lessons that shaped Koa’s future vision … read full interview here
[Interview] Oluwole Eweje, CEO-WATT Renewables Corporation
We provide sustainability for communities, especially communities that have very few businesses … read full interview here