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Gender parity will unlock $287 billion for Africa’s economy by 2030, report
Conducted in collaboration with McKinsey & Company, the study reinforces the crucial role of women’s economic empowerment in driving the continent into a new era of transformational growth.
[Open Webinar, Sept 26, 2024] Driving Success: Enterprise Strategy and Financial Leadership for Growth
UK-based global financial technology firm, VertoFX, and American consumer credit reporting agency, TransUnion, are together organizing a fascinating free-to-join webinar themed 'Driving Success: Enterprise Strategy and Financial Leadership for Growth'.
Coca-Cola is the world’s most valuable non-alcoholic drinks brand, report
The brand’s memorable marketing campaigns, such as its 2023 Christmas advertisement, "The World Needs More Santas," have further reinforced its emotional connection with consumers.
Buy now pay later gross merchandise value to reach $19.5 billion by 2029, report
The report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories.
African Water Facility secures €12 Million to invest in urban sanitation in Africa
The Nordic Development Fund announced the funding during a panel session on investing in Africa’s water sector, which it hosted in tandem with the African Union’s African Water Investment Program.
World Bank Group launches High Level Council to tackle looming jobs crisis
Over the next 10 years, an unprecedented 1.2 billion young people in the Global South will become working age adults.
Global market for digital insurance platform to reach $259.3 billion by 2030, report
The growth in the digital insurance platform market is driven by several factors, including technological advancements, regulatory changes, and evolving consumer expectations.
[Kenya] Kim-Fay partners with Norfund and I&M Bank on construction of new facility at Tatu City
The Norfund and I&M Bank financing will support Kim-Fay's business expansion, focusing on providing affordable tissue paper to lower-income market segments.
Global logistics sector shows signs of normalization after post-pandemic boom, report
Leading logistics brands such as UPS and FedEx have both reported lower shipment volumes and reduced consumer spending compared to the high-demand periods immediately following the pandemic.
ICAO signs new deals with African states to boost sustainable aviation development
The International Civil Aviation Organization (ICAO) made a significant step forward in enhancing aviation's role as a catalyst for sustainable development in Africa.
MultiChoice Talent Factory targets African storytellers with funded training programme
MultiChoice Talent Factory has announced that it’s once again calling upon all aspiring filmmakers, scriptwriters, producers, and storytellers to apply for entry into the 2025 fully funded academic year.
[Column] Benard Onyango: Navigating the true cost of homeownership in different markets across Africa
Owning a home is something that the world's families deeply aspire towards. To many Africans, however, that dream is rich with challenges and opportunities unique to the continent but varying from country to country.
Open Startup launches second cohort of Grow programme to help African startups reach $1 million funding goals
Building on the success of last year's cohort, which accompanied 13 startups selected from over 600 applications, the GROW program continues its mission to support African startups in their growth journey.
SanlamAllianz announces merger and brand launch in Ghana
Sanlam and Allianz today announced the launch of their joint venture brand, SanlamAllianz, in Ghana. This follows the regulatory approvals the Sanlam and Allianz businesses in Ghana obtained recently to merge and rebrand to SanlamAllianz.
[Column] Philip Myburgh: Maximising the AGOA opportunity
AGOA grants qualifying sub-Saharan African nations duty-free access to the US market for more than 1,800 products.
Google and DHL collaborate on sustainable worldwide shipping
DHL and Google, one of the largest technology companies in the world, have announced a partnership to utilize the DHL Express GoGreen Plus service with Sustainable Aviation Fuel (SAF).
IFC, Proparco and Helios plan partnership to support Africa’s sports and entertainment sectors
A partnership with Helios Sports and Entertainment would offer an opportunity for IFC and Proparco to jointly address a long history of limited financing in Africa's creative sectors, including sports and entertainment, and catalyze private sector development in the region.
Small business growth to unlock Africa’s potential
More needs to be done to stimulate the growth of SMMEs, as well as boost intra-African trade, to unlock the continent’s huge potential.
Mastercard and Global Hotel Alliance sign multimarket agreement to boost luxury travel
The collaboration will be tailored to the unique needs of affluent cardholders – offering a vast choice of accommodation arrangements and exciting rewards.
[Column] Sameer Kumandan: Putting lenders in the driver's seat for better vehicle finance
Facilitating access to vehicle financing for legitimate customers is a pivotal responsibility for businesses.
Global advertising revenue to hit $1 trillion in 2026, PWC Outlook
The outlook, which covers 11 revenue segments across 53 countries and territories, finds that global E&M revenues are projected to hit $3.4 trillion in 2028, growing at a 3.9% compound annual growth rate (CAGR).
Milken Institute scales up engagement with Africa through new business council
Leaders on this council will lend their expertise and provide a high-level overview of Africa’s evolving business landscape for Milken Institute’s wide-ranging network and stakeholders who wish to amplify their engagement in the region.
[Column] Mohammed Rashwan: International responsibility for reparation for environmental damage in Africa
Although the African continent is the least contributor to the phenomenon of heat warming, accounting for less than 4% of global emissions it is the worst affected by the effects of this phenomenon.
NETA Auto launches first African flagship showroom in Kenya
NETA Auto, a Chinese electric car brand of Hozon Auto, has opened its first African flagship store in Kenya.
Ten African startups selected to receive funding to develop blue and green economy solutions
Through a fellowship program, the Waves supported founders in creating solutions that promote sustainable livelihoods, the use of ocean and freshwater resources, and the restoration and regeneration of landscapes.
Lagos Business School and CityBlue Hotels partner to drive growth in the hospitality industry in Africa
The Academic Director of LBS Hospitality Initiative, Dr Belinda Nwosu FIH, stated that the Initiative is a platform for developing and growing the hospitality industry in Nigeria and Africa, anchored on four main pillars – Advisory, Engagement, Research, and Capacity Building.
Finland signs funding deal with TradeMark Africa to enhance trade in Africa
The funding will support projects aligned with TMA’s third strategic plan (2023 – 2030) which will advance inclusive, clean, and digital trade in Africa.
IATA launches advanced analytics solution to optimize airline fuel consumption
The International Air Transport Association (IATA) announced the launch of IATA FuelIS, an advanced analytics solution to optimize airline fuel consumption, using aggregated and anonymized flight and fuel data.
Engineering firm Pini Group expands operations into Africa
Pini Group has had a longstanding interest in Africa and has recently participated in several significant projects in Senegal, Mozambique, and Tanzania.
Africa Business Communities seeks columnists in Egypt and Dubai
We are keen on contributors with originality, creativity, versatility and an eye for interesting trends across the sectors that we cover including banking and finance, tech, energy, agribusiness and trade.
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.
Kotler Impact presents the Essentials of Modern Marketing, Nigeria Edition 2024
This is the world's first marketing book around market-specific stories from Nigeria, to be published in November 2024 on Amazon and launched in Lagos.
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
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.
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.
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.
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.
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.
[South Africa] PPC to list on A2X
PPC Limited has been approved for a secondary listing on A2X Markets. Its shares will be available for trade on A2X from 30 May 2023.
Ethiopia set to welcome construction players for the twelfth edition of Addisbuild
Highlighting the top opportunities, products, services and stakeholders in Ethiopia’s construction industry, the exhibition brings together over 6,000 building, construction, and infrastructure professionals to network, inspire growth and uncover the latest trends and innovation in construction.
[Interview] Chris Okoro, CEO, Eunisell Interlinked, Nigeria
Chris Okoro is an entrepreneur and business strategist skilled in the Financial Services and Engineering sector. He's currently the Managing Director and CEO of Eunisell Interlinked Plc., Nigeria.
[Column] Muhammad Gambo: The Russia – Ukraine conflict and its impact on the built environment industry in Africa
The imminent food crisis resulting from the war is the topic du jour. However, there are other sectors to consider; one of them is the Built Environment.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
[Nigeria Business Week] Andrea Ayemoba: An economic overview for Q1
As we have seen over time, when one sectors hits a low point, another is seen hitting high notes. Such is the situation as we’ve seen it lately.
[Nigeria Business Week] Andrea Ayemoba: A call for exports diversification for higher market gains
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
[Nigeria Business Week] Andrea Ayemoba: State to digitize tourism, FG takes on efficient mobility
Banking is one of the most thriving sectors in Nigeria. The reason for this success has been attributed to the efficiency with which this industry has leveraged technology to modernize its operations.
[Interview] Burak Buyuksarac, CEO, BMS Group, Tanzania
BMS Group, a Tanzanian company, operates different companies across tourism, security, consultancy, trading, and interior design and construction.
[Column] Phyllis Wakiaga: Fix Kenya's road construction challenges
When it comes to a country’s socio-economic development, an efficient transport system is indispensable. For instance, roads enable citizens to access critical services such as health and education, as well as ensure that they are able to access their businesses.
[Column] Bobby Johnson: High cost of inputs hurting steel sector
The demand for steel is increasing in the country, as government-driven infrastructural development, and commercial and residential buildings surge.
[Interview] Essi Farida Geraldo, CEO, Architecte urbaniste, Togo
Passionate about art and creation and ended up in immersing in the field of architecture and design, Essi Farida Geraldo is the CEO of Architecte urbaniste an architectural and sustainable development firm which offer classic eco-architecture and urban planning services in Togo.
[Interview] Victoria Nannozi, CEO, The Association of Real Estate Agents, Uganda
The Association of Real Estate Agents, AREA-Uganda, is an umbrella institution of real estate agency/brokerage companies, consultancy real estate firms, and real estate agency /brokerage professionals in Uganda that have key interests in real estate agency/brokerage.
[Column] Grace Goodrich: Driving deal making in Mozambique post-COVID-19
While overall transactions dropped by eight percent in sub-Saharan Africa in 2020, in Mozambique, the number of transactions rose, with 12 deals reported compared to only four deals in 2019, according to a Baker McKenzie analysis.
Djibouti bets on Doraleh facility, infrastructure projects to grow economy
In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination.
[Interview] Seth Mundhe, Founder, Ejenzi Africa, Kenya
After years of experience working in the construction industry, Seth Mundhe identified a need in the market and set up an online marketplace to satisfy it.
[Nigeria Business Week] Calling for free-trade, efficient energy
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.
[Nigeria Business Week] Forging bonds at new levels, China bets higher
At first glance, it seems business as usual, but that could not be farther from reality. Business has never been more positive, rapid, nor disruptive.
[Nigeria Business Week] Towards self-dependence, reduced importation
As industries grow, so does the job market, consumer satisfation and investor confidence. Nigeria is gaining a reputation as fertile ground for both business expansion and takeoff point for startups.
[Kenya Business Week] Tackling illicit financial flows
In one of the most historic developments in the country, President Uhuru Kenyatta and his Swiss counterpart Alain Berset have overseen the signing of a key agreement that clears the way for the recovery of assets acquired through corruption and crime in Kenya
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.
Complimentary map: Airport project opportunities in Africa
Air traffic across Africa is expected to soar over the next 20 years to over 300 million passengers, which is great news for African economies - so long as they have the infrastructure to sustain it
[Column] Sachen Gudka: Toward Future Smart Cities; lessons from around the world
Historically, the growth of cities and their development has always been haphazard. For instance, the growth of Nairobi was based on the needs of the then new railway line that ran through to the port of Mombasa.
3rd Underground Infrastructure and Deep Foundations Egypt Conference | Cairo, 22 February 2018
As Egypt embarks on a massive infrastructure expansion drive to stabilise and expand its economy, underground and deep foundations works represent an essential element of preparation
[Column] Leana Englebrecht: Swaziland Competition Commission requires payment of higher merger filing fees
In Swaziland, mergers are classified as either small mergers or large mergers.
Transport projects financed by the AfDB between 1967 and 2017 have benefited 450 million Africans
Over its 50-year history, the African Development Bank (AfDB) has financed over 450 transport projects, changing the lives of close to 450 million people across Africa.
[Interview] Bako Ambianda, Chairman and CEO, Labacorp Group Limited, Cameroon
Labacorp Group has built a name and legacy in key economic sectors spanning real estate, agribusiness, manufacturing and construction among others. It oversees the activities of nine wholly owned-majority owned operating member companies
[Column] Korede Ologun: What African countries can learn from Ethiopia and its economic success
East Africa continues to maintain its lead in regional growth in Africa reaching 5.3% in 2016 Real GDP growth. The economic success of Ethiopia is attributable to its desire to grow its economic base amidst structural challenges.
Roads & Corridors East Africa 2017 | 20-21 June Nairobi, Kenya
Governments across East Africa are set to change transportation and trade development by investing in the expansion and rehabilitation of existing roads, the creation of new road links between key cities and cross-border connections
Afreximbank and Thelo DB renew partnership for the development of railways in Africa
Under the terms of the MoU, Thelo DB will review each railway project from a technical perspective and provide technical solutions. Afreximbank will consider the diagnostic technical and feasibility analysis undertaken by Thelo DB.
AIIM invests in Kenya's road network to support upgrades and connect rural communities
African Infrastructure Investment Managers, AIIM, Africa's largest dedicated infrastructure private equity manager, has committed to invest $34 million into Kenya's Road Annuity Programme through its pan-African AIIF4 Fund.
Inauguration de la logistique aérienne d'Afrique de l'Ouest
Bolloré Transport & Logistics inaugure la phase 2 d'Aérohub, avec la mise en service de la plus grande base logistique aérienne d'Afrique de l'Ouest
World’s tallest timber apartment tower to be built in Zanzibar
The design of the mixed-use apartment and commercial building, in a playful beehive style with breathtaking ocean views, was unveiled to the public in Muscat, Oman on 1 October.
[Kenya] UN Economic Commission for Africa inaugurates LAPPSET Business Council
The UN Economic Commission for Africa (ECA) recently spearheaded the establishment of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) Business Council to facilitate the participation of the private sector in the implementation of the corridor programme.
[Nigeria] Construction professionals to explore sustainable solutions for the sector
More than 2,500 professionals are set to be CPD certified at The Big 5 Construct Nigeria 2022, as public and private stakeholders gather to explore sustainable solutions for the growth of Nigeria’s construction industry.
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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