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[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.
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.
Africa had more than 270 million mobile apps users as of December 2022, report
As of December 2022, the total number of monthly active users of mobile apps in Africa exceeded 270 million, a 14% increase compared to the beginning of the year.
[ChatGPT Biography] Tayo Oviosu, founder of Paga
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
1XBET lance officiellement ses activités en Côte d'Ivoire
La marque 1XBET a procédé au lancement officiel de ses activités en terre ivoirienne à travers sa nouvelle campagne dénommée ‘’Rejoins le Gbonhi’’ à Abidjan-Plateau.
Study shows digital tools can help farmers in Africa fight climate change, but need more help from government
African farmers urgently need government support to increase their use of digital tools. This is according to a new survey conducted by Savanta ComRes, commissioned by Vodacom.
New research shows mobile financing can increase national GDP growth in developing markets
New research indicates that the successful deployment and adoption of mobile financial services is associated with a positive impact on GDP growth in developing markets
Ouverture du premier magasin Winpart by CFAO en République démocratique du Congo
La RDC rejoint ainsi le réseau Winpart by CFAO dédié à la vente de pièces détachées et produits à un prix abordable pour l’entretien et la réparation de véhicules multimarques.
[South Africa] ICASA announces qualified bidders for the spectrum licensing progress
The Independent Communications Authority of South Africa (ICASA) announces the names of the bidders that qualify to participate in the auction phase of the ongoing licensing process for International Mobile Telecommunications (IMT) spectrum.
Nigeria registers highest mobile web traffic at 83%, StockApps.com reveals
As smartphones have become the norm worldwide, they have also replaced desktops as the preferred mode of accessing the internet. According to the numbers presented by StockApps.com, 54.86% of global web traffic came through mobiles.
Nigeria Startup Bill poised to unlock digital potential
Nigeria has moved a step closer to rolling out its landmark Nigeria Startup Bill (NSB) that will further deepen the country’s technology ecosystem and enable a sector on the cusp of exponential growth.
Ugandan remittances decline but still are a lifeline for rural people, IFAD
The impact of the COVID-19 pandemic on the global economy and job security for Ugandan migrant workers around the world has reduced the amount of money they are sending back home to their families.
Paystack is live in South Africa
Paystack is live in South Africa, and we're super excited to bring our services to even more ambitious brands and businesses on the continent now businesses in South Africa can accept payments online using it.
realme targets customers with #DaretoLove Campaign on Valentine’s Day
Smartphone brand realme has embarked on a drive to share love through a campaign dubbed #DareToLove to get lucky couples to celebrate Valentine’s day the realme way.
realme unveils festive season offers on realme 7i
With a range of remarkably beautiful specifications, the realme 7i allows one to shoot the world from multiple perspectives with its 64MP AI quad-camera.
Africa's smartphone market grows in Q3 2020, feature phone shipments decline, report
Africa's overall mobile phone market shipments declined 6.0% year on year (YoY) in Q3 2020, according to the latest insights from global technology research and consulting firm International Data Corporation (IDC).
realme cements Kenyan presence with launch of C11 and realme 6 phone models
Global smartphone manufacturer realme has unveiled two models in the Kenya market weeks after it officially launched operations in the country.