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30-10-2014 22:52:00 | by: Administrator | hits: 12733411 | Tags:

Sharp increase in US demand for top leaders in Africa, says firm
25-09-2018 | 10:36:00
Debbie Goodman-Bhyat, CEO of Jack Hammer, the largest independent executive search firm in Africa, says in the past year there has been a 75% increase in briefs from US-based businesses seeking assistance with leadership appointments in Africa.
Ethiopia leads hotel expansion in East Africa
20-09-2018 | 09:21:00
Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group.
East Africa economy best performing in the continent, ICAEW report
20-09-2018 | 06:23:00
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
Egypt’s software piracy drop, legal reforms boost foreign investment
18-09-2018 | 09:02:00
Egypt has seen a two percent drop in its software piracy rate to reach (59%), the U.S.-based Business Software Alliance said in its recent study, released last June.
Egypt’s software piracy drop boosts foreign investment, study
17-09-2018 | 11:58:00
Egypt has seen a two percent drop in its software piracy rate to reach 59 per cent, the U.S.-based Business Software Alliance said in its recent study, released last June.
Study shows children’s online activities Nigeria - Kaspersky report
17-09-2018 | 09:38:00
Kaspersky Lab has revealed the online activities of children across Nigeria, based on statistics from the company’s Parental Control modules.
Morocco receives seven million tourists in seven months
17-09-2018 | 09:22:09
A total of 7 million tourists visited Morocco in the first seven months of 2018, up 7 percent year on year, according to statistics released by the Moroccan Tourism Ministry
[Nigeria] Insurance sector records 300% premiums growth in 10 years
17-09-2018 | 06:57:51
The Insurance Sector in Nigeria enjoyed a steady growth with Premiums increased of 300 per cent from N75 billion to over N300 billion between 2005 and 2015
Vibrant mobile money market drives Somalia’s economy
13-09-2018 | 13:32:44
Somalia’s economy is projected to grow at an annual rate of 3–4 percent, according to the third Somalia Economic Update (SEU) published by the World Bank.
Wind and solar farms to double rainfall in Sahara, study
13-09-2018 | 09:14:00
A new study led by University of Maryland (UMD) scientists conducted novel climate and vegetation model experiments to show that wind and solar farms could lead to a doubling of rainfall in the Sahara.
Africa PC market stabilizes as tablet demand plummets, IDC
12-09-2018 | 08:22:09
The Africa and Middle East personal computing devices market, which is made up of desktops, notebooks, workstations, and tablets, declined 7.7% year on year in Q2 2018, according to the latest insights from International Data Corporation (IDC).
Nigeria, SA and Ivory Coast are Africa's highest reading populations
11-09-2018 | 08:22:00
Opera and Worldreader, the global nonprofit that believes everyone can be a reader, announced on the International Literacy Day that African mobile users have spent more than 4 millions hours of reading books on their mobile phones in 2018.
Marrakech emerges key African hospitality hotspot, Cairo next - data
10-09-2018 | 06:55:00
Based on H1 2018 figures from STR, provider of data and analytics for the global hotel industry, Marrakech has emerged as a standout performer among key African cities.
[Nigeria Business Week] Forging bonds at new levels, China bets higher
06-09-2018 | 20:46:00
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.
[South Africa Business Week] Why SA entrepreneurs are not thriving
06-09-2018 | 15:24:00
A Study carried out on more than 1000 entrepreneurs in South Africa revealed that entrepreneurship in South Africa is not thriving, despite the fact that South Africa is one of Africa's strongest economies.
Power outages in Sub-Saharan Africa cost companies 31% in sales
06-09-2018 | 09:01:28
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.
[Kenya]Firms raised payroll numbers in August, Stanbic Index
05-09-2018 | 13:26:00
Operating conditions across Kenya’s private sector improved at a marked pace during August, reflecting sharper rises in output and new orders.
Political will in Ethiopia, Rwanda transforms agriculture, AGRA report
05-09-2018 | 11:55:59
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.
Mombasa, Mt. Kenya best areas for retail real estate, Cytonn report
05-09-2018 | 06:49:00
Cytonn Real Estate, the development affiliate of Cytonn Investments,has released its Kenya Retail Sector Report - 2018.
Africa’s insurance industry poised for further growth – PwC survey
04-09-2018 | 07:28:00
Despite the additional pressures of unrelenting regulatory and insurance accounting changes, and the huge costs associated with the changes, there are some positive developments and opportunities for growth.
Dangote now most valuable Brand in Nigeria, survey
03-09-2018 | 07:49:10
Nigeria's Dangote has emerged the most valuable brand among the top 50 brands in Nigeria for 2018 which were unveiled in Lagos.
South Africa’s entrepreneurs not thriving - entrepreneurship survey
30-08-2018 | 10:42:40
Seed Academy reveals the State of Entrepreneurship in South Africa after surveying more than 1000 entrepreneurs across the county.
[South Africa] ​​​​​​Pink Tax causes financial pain
30-08-2018 | 09:50:00
Basic toiletries, grooming products, medical screenings and haircuts are some of the items that see women spending hundreds to thousands of rands more than their male counterparts.
Nigeria’s GDP slowed in 2018 second quarter
28-08-2018 | 07:15:54
Nigeria’s Gross Domestic Product (GDP) slowed in the second quarter of 2018, according to the National Bureau of Statistics.
[Nigeria] Why multinationals, IOCs defy listing on NSE
23-08-2018 | 14:20:50
Efforts by the Nigerian Stock Exchange (NSE), to woo multinational companies in the telecoms, and oil and gas sectors to list on the nation’s bourse may continue to ‘hit a brick wall’.
SARS is Going After Potential Crypto Tax Evaders in South Africa
23-08-2018 | 13:06:49
In a bid to identify tax evaders, the South African Revenue Service (SARS) is actively working towards identifying and tracking various transactions carried out by cryptocurrency traders.
Investors express concern over entrenched state corruption in Angola
23-08-2018 | 10:19:35
EXX Africa has published a special report on the investment risk outlook on Angola.
[Botswana] Farmers blockchain platform set to revolutionise FMS
23-08-2018 | 09:22:56
Plaas, a farmers blockchain platform is set to revolutionize Farmers Management System (FMS) in Africa.
[South Africa] Mobile consumer survey reveals major industry change
23-08-2018 | 07:38:00
The mobile industry is changing at an exponential rate as new influences shape the way consumer expectations rise.
Cameroon experiences over 16,000 road crashes yearly, UN report
23-08-2018 | 06:19:50
The UN Secretary General’s Special Envoy on Road Safety – Mr. Jean Todt has unveiled the Cameroon Road Safety Performance Review Report jointly commissioned with the UN Economic Commission for Africa.
Opportunity abounds in African Apart-Hotel sector - experts
20-08-2018 | 10:57:00
While the apartment hotel space is relatively new territory in Africa, with only a handful of significant players, great possibilities exist on the continent.
Paints imported into Gambia contain high lead content, study
20-08-2018 | 08:00:37
More than 80 percent of the paint brands included in a study analyzing lead in solvent-based paints for home use in The Gambia sold one or more paint which contained dangerously high total lead content.
[Survey] Mental Health Knowledge in Africa
16-08-2018 | 15:19:00
In June 2018, the World Health Organization has released a global manual which aim is to help physicians and mental health professionals to diagnose physical and mental health conditions
Zambia seeks $22m in tax on internet calls
16-08-2018 | 14:23:37
Zambia expects to raise $22 million annually in new tax on internet phone calls. The cabinet approved on Monday, a 30 ngwee (0.3 kwacha; $0.03) daily tariff charged on online phone calls.
Ugandan maize lowers flour prices in Kenya to 6-year low
16-08-2018 | 13:27:45
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
Five steps for online startups to take advantage of Black Friday
16-08-2018 | 11:48:00
According to Google Trends last year, South Africa registered the largest ‘Black Friday’ search interest of any country, even ahead of the US where the retail mega-event was conceived.
[South Africa] Clothing best performing retail sector in June, report
16-08-2018 | 06:06:00
South African retail sales for June 2018 grew by 2.9 percent year-on-year excluding the effects of inflation, marking the weakest pace of growth since October 2017.
Counterfeit pesticides cost farmers Sh120bn in Kenya
14-08-2018 | 08:58:00
Kenya is losing at least Sh120 billion in revenue to unregistered agro-chemicals dealers and counterfeit pesticides, according to Agrochemicals Association of Kenya (AAK) chairperson Patrick Amayunzu.
Higher economic growth in Africa to impact energy consumption, study
10-08-2018 | 10:33:08
Africa, with its wealth of natural resources and fast-growing population, may have a significant impact on international energy markets over the next 25 years.
Nigeria Mining Week to provide practical business know how
09-08-2018 | 11:48:00
The upcoming third edition of the Nigeria Mining Week in Abuja from 15-17 October 2018 will provide access to all the practical knowledge, valuable connections, decision makers for would-be and established mining companies.
 [Africa Tech Week] African Startups shortlisted for major awards
09-08-2018 | 10:09:00
This has been perhaps one of the busiest weeks for African startups seeking funding to improve the operations or products.
Nigerian brings classic social media App into the digital age
09-08-2018 | 09:55:00
A Nigerian has harnessed the power of apps to bring Nigerians a social media app with a twist.The app is Worldjunction for iPhone and the developer company is Worldjunction LLC from Nigeria.
Technologies that will have high business impact in Africa in 2 years
03-08-2018 | 06:39:00
The 2018 Gartner, Inc. Hype Cycle for information and communication technology (ICT) in Africa featured five technologies that will have a high business impact within two years.
[South Africa] Key sectors record job losses, labour survey
01-08-2018 | 11:19:12
South Africa’s official unemployment rate increased by 0,5 of a percentage point to 27,2% compared to the first quarter of 2018.
Madagascar economy projected to grow 5% in 2018 - report
31-07-2018 | 09:00:00
Overall, the economy has been performing well, with growth estimated at 4.2 % in 2017 and projected at 5.0 % in 2018, according to the latest edition of the World Bank’s Madagascar Economic Update, released today.
Nigeria’s tech startups raise $114.6m in 2017
27-07-2018 | 07:04:37
Out of the $560 million technology startup investments that entered Africa in 2017, Nigeria earned $114.6 million.
High mobile sector taxation in DR Congo slowing penetration, report
26-07-2018 | 06:07:00
The GSMA has announced the findings of its latest report, ‘Reforming mobile sector taxation in the Democratic Republic of the Congo (DRC): Enabling economic growth through a supportive tax system’.
[Kenya Business Week] Sustainable businesses that leave no one behind
25-07-2018 | 10:15:00
Despite more than 80 per cent of the beef consumed in Kenya being produced by pastoralists according to a 2011 study, they still struggle with poor market prices and scarcity of fodder.
[Kenya] Private sector activity records improvement, Stanbic Index
24-07-2018 | 12:08:10
Latest survey data from Stanbic Bank Purchasing Managers’ Index™ signals a robust, albeit softer, improvement in business conditions across Kenya’s private sector in June.
SS Africa to have 34 million unique mobile subscribers by 2025, study
17-07-2018 | 08:57:05
More than half the population of Sub-Saharan Africa will be subscribed to a mobile service by 2025, according to the latest edition of the GSMA’s Mobile Economy report series.
Afreximbank launches Mansa, Africa’s due diligence data platform
13-07-2018 | 10:51:00
The African Export-Import Bank yesterday in Abuja launched “Mansa” – a pan-African customer due diligence platform that will facilitate African trade by providing the single trusted source of primary data required to conduct due diligence checks on counterparties in Africa.
[Kenya] Residential real estate returns dip on interest rate caps
10-07-2018 | 10:48:46
Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its Nairobi Metropolitan Area Residential Report – 2017/2018.
Expansion of hotel chains drives sector growth, PWC report
05-07-2018 | 08:36:00
Africa’s hotel sector has the potential for further growth over the next five years. An increase in the number of travelers, and an expansion in a number of hotel chains reinforces the hotel sector’s untapped potential for business growth.
Nigeria still leads West Africa hotel expansion - survey
28-06-2018 | 07:41:00
Nigeria holds its pole position for hotel development in West Africa despite a slight reduction on last year, according to a regional focus by the influential annual hotel pipeline survey from Lagos-based W Hospitality Group.
Africa healthcare sector valued at $35b in 2016, Goldstein Research
28-06-2018 | 06:36:00
According to Goldstein Research, Africa healthcare sector outlook is expected to grow at a CAGR of 6% over the forecast period from $35 billion in 2016.
African post offices can boost remittances in rural areas, IFAD report
26-06-2018 | 13:26:00
Postal services can play a pivotal role in delivering remittances, lowering the transfer costs and providing access to basic financial services in Africa, according to a report recently released.
Intra-Africa payments clearing and trade on the rise, SWIFT report
26-06-2018 | 06:55:01
SWIFT’s report, “Africa Payments: Insights into African Transaction Flows”, reveals that intra-Africa payments clearing and trade is increasing in importance.
[Nigeria] Aviation records growth with 14.1 million passenger traffic
25-06-2018 | 13:00:00
Initial conflicting figures notwithstanding, the harmonised data of the aviation industry has shown a positive outlook for air travel business, with marginal growth across the board in 2017.
AfDB launches first electricity regulatory index for Africa
21-06-2018 | 06:13:00
Though African countries have developed robust institutional frameworks for the regulation of electricity sectors, much work remains in strengthening regulatory independence, says the Electricity Regulatory Index for Africa.
Resilient East African economies to enjoy sustained growth, report
21-06-2018 | 06:04:27
Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC.
East Africa to outpace continental peers in economic growth, report
20-06-2018 | 06:33:47
Several African countries have reported a rise in their GDP despite fears over increased debt according to ICAEW’s, the Institute of Chartered Accountants in England and Wales, latest report.
High performing Ghana firms have gender balanced boards, IFC report
19-06-2018 | 13:32:04
IFC, a member of the World Bank Group, and the State Secretariat of Economic Affairs of Switzerland (SECO), have released a study that demonstrates that better performing companies in Ghana tend to have more gender-balanced boards.
KCB most attractive bank in Kenya, Cytonn report
19-06-2018 | 11:49:38
Cytonn Investments has released its 2018 quarter one Banking Sector Report, which ranks KCB Group as the most attractive bank in Kenya, a position it has retained since 2015, supported by a strong franchise value and intrinsic value score.
[Kenya] Report on salt sector’s compliance to human rights released
18-06-2018 | 13:04:00
Kenya Association of Manufacturers and Kenya National Commission on Human Rights have launched the Malindi Public Inquiry Audit Report to establish compliance with the Human Rights Principles and Standards by salt manufacturers.
Africa Middle East and Europe smartphone markets hit record value, IDC
18-06-2018 | 06:23:00
The region's smartphone market showed some stability in the first quarter of 2018 in unit terms, while its value grew to exceed its previous first quarter peak result in the first quarter of 2015.
South African consumers lift discretionary spending, Mastercard report
15-06-2018 | 11:45:00
Total South African retail sales for April 2018 grew by 3.7 percent year-on-year after removing the effects of inflation, showing the highest growth rate seen in April in the past six years.
Ethiopia economy to record 2 percent dip in 2018, World Bank report
12-06-2018 | 06:05:58
Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018, July 2017 to June 2018, down from 10.9% in fiscal year 2017, according to a new World Bank Group report.
Growth in Sub-Saharan Africa projected at 3.4 percent in 2018
08-06-2018 | 11:00:00
Sub-Sharan Africa is experiencing a modest growth uptick, and about two-thirds of countries in the region reportedly saw accelerated growth over the past year.
Migration in Africa plays growing development role, report
01-06-2018 | 10:48:00
African migration could boost growth and positively transform the structure of the continent’s economy, UNCTAD’s 2018 Economic Development in Africa Report reveals.
[Kenya] Consumer spending dips on prolonged political process, Msurvey
31-05-2018 | 06:06:00
Consumer wallet continues to measure what Kenyan consumers are buying and how much they are spending.
Africa Oil & Gas Industry Professionals wanted for the Africa Business Panel
30-05-2018 | 08:15:00
Oil & Gas are back and that means that also market research in oil & gas are back
[Africa Tech Week] Beyond borders partnerships herald new ICT dawn, Great tidings for tech startups, investment in technology soars
24-05-2018 | 15:53:00
The Africa tech week has been abuzz with news of cross border public and private sector partnerships, companies aligning themselves with the burgeoning demands of the continent’s ICT sector and the growing IT spend.
African IT spending predicted to reach $33.4 billion in 2018
24-05-2018 | 07:39:00
The International Data Corporation predicts the overall African IT spending will reach $33.4 billion in 2018, with Kenya being one of the top contributors
MTN Group invested ₦225 billion in Nigeria in 2017
22-05-2018 | 07:44:00
According to the Investor Day Presentation by MTN Nigeria, 28% of MTN Group’s capital expenditure for last year was allocated to the Nigeria arm.
Emerging technologies to create $1 billion in new revenue streams in the South African ICT market, Frost & Sullivan report
18-05-2018 | 11:46:54
Frost & Sullivan's latest analysis, South African ICT Outlook 2018, finds emerging technologies such as augmented reality, virtual reality, Fintech, and the adoption of Internet of Things are disrupting the ICT industry in South Africa.
Mastercard, IFC partnership reaches 7.2 million new digital financial service users in Sub Saharan Africa
17-05-2018 | 15:13:05
IFC, a member of the World Bank Group, together with the Mastercard Foundation have released a new report documenting the transformation underway in financial inclusion in Sub-Saharan Africa.
German Businesses in Civil Security Technologies and Services to explore opportunities in Uganda and Rwanda
17-05-2018 | 09:12:00
AHK Services Eastern Africa Ltd, the service company of the Delegation of German Industry and Commerce in Kenya (AHK Kenya), in conjunction with the German- African Business Association (Afrika-Verein) is organizing a business delegation trip to Uganda and Rwanda.
Mastercard, IFC partnership reaches 7.2 million new digital financial service users in Sub Saharan Africa
17-05-2018 | 09:04:00
IFC, a member of the World Bank Group, together with the Mastercard Foundation have released a new report documenting the transformation underway in financial inclusion in Sub-Saharan Africa.
Mastercard survey reveals significant cost savings for African firms switching from daily cash allowance to corporate cards
15-05-2018 | 11:52:00
A recent survey by Mastercard, a leading technology company in the global payments industry, revealed that organizations that switch from Per Diems to corporate card programs benefit from more efficient operational procedures.
World Bank predicts 5.5% growth in Uganda's economy this year
15-05-2018 | 10:39:00
Uganda’s economy is expected to grow at 5.5 percent this year, rising above 6 percent all through to 2019, according to the World Bank’s 11th Uganda Economic Update launched in Kampala today.
Weak governance in Africa hampers natural resources exploitation, ECA report
15-05-2018 | 06:38:00
Africa has been slow to convert its natural resources endowments to tangible development outcomes because of weaknesses in governance, according to the fifth edition of the African Governance Report published by the UN Economic Commission for Africa.
ECA launches new generation of reports, with focus on structural transformation
14-05-2018 | 07:36:11
The Economic Commission for Africa,ECA, has launched a new generation of reports focusing on African countries’ progress on structural transformation
South Africa top destination for Muslim travelers in the continent, Mastercard Index
10-05-2018 | 08:43:04
South Africa ranked as one of the ten most Muslim-friendly travel destinations among non-Organisation of Islamic Cooperation countries, as ranked in the annual Mastercard-Crescent Rating Global Muslim Travel Index 2018.
[South Africa] Life Insurance Industry needs a market leader in customer satisfaction - SAcsi
10-05-2018 | 08:13:20
The latest South African Customer Satisfaction Index (SAcsi) for Life Insurance Companies in 2017, conducted by Consulta, reveals that Metropolitan’s customers are still the most satisfied with their service.
East Africa women grapple with unemployment, trade barriers, UNCTAD report
09-05-2018 | 14:06:44
East African nations can harness their trade policies to help empower women economically in the region, thanks to improvements in education, employment and other key areas.
Kenya leads East Africa peers in access to electricity, World Bank
08-05-2018 | 13:20:00
Electricity access rate in Kenya is the highest in East Africa according to the latest report from the World Bank tracking global achievements in sustainable energy for all.
Kenya's mobile money payments hit Sh3.7trn in 12 months
07-05-2018 | 12:54:00
Cash transacted via mobile phones hit Sh3.7 trillion in the 12 months through March. This was helped by rising uptake of mobile loans, amidst concern that a lot of the advances go into the fast-growing gambling industry.
MTN Group adds 4.1m new subscribers in Q1
07-05-2018 | 12:49:00
MTN Group added 4.1 million new subscribers in the first quarter, ending March with a total of 221.3 million in 22 countries across Africa and the Middle East.
MTN Group adds 4.1m new subscribers in Q1
07-05-2018 | 08:47:00
MTN Group added 4.1 million new subscribers in the first quarter, ending March with a total of 221.3 million in 22 countries across Africa and the Middle East.
Oil output expansion, agricultural growth pull Nigeria out of recession, World Bank report
04-05-2018 | 08:30:32
Expansion in oil output and continued steady growth in agriculture assisted Nigeria emerge from recession in 2017, a World Bank Nigeria Bi-annual Economic Update has stated.
Eastern Africa has doubled its income per capita in a decade, ECA
04-05-2018 | 06:15:58
Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached $740 in 2016, double the figure ten years earlier.
ION commences new 2D multi-client program offshore Ghana
03-05-2018 | 07:16:00
This data will be the first offshore Ghana to image 40 km below the seafloor. In addition, ION's Marlin™ operations optimization software will help maximize the safety and efficiency of the survey.
ION commences new 2D multi-client program offshore Ghana
02-05-2018 | 13:08:36
Data company ION Geophysical Corporation has begun a new 2D multi-client program offshore Ghana in partnership with Geoex and Ghana Geophysical.
Nearly half of Uganda’s companies face challenges with non-tariff measures, says business survey
01-05-2018 | 09:20:00
Countries in the East African Community (EAC) and the European Union (EU), Uganda’s two biggest markets impose the most non-tariff measures says an International Trade Centre business survey.
Growing industrial sector to drive Côte d'Ivoire uninterruptible power supply systems market by 2024, 6Wresearch
30-04-2018 | 13:34:00
Construction of new industrial zones in cities such as Bonoua, Abidjan, Yamoussoukro, Bouake, Man, and San Pedro coupled with infrastructural development activities would fuel the growth Côte d'Ivoire UPS systems market over the coming years.
Accurate and timely data crucial for successful implementation of SDG agenda, UNECA
27-04-2018 | 10:39:23
The successful implementation of the 2030 Agenda for sustainable development demands new data acquisition and integration approaches, says Oliver Chinganya, Director of the Africa Center for Statistics at the Economic Commission for Africa.
Study says some disruptive technologies may widen income inequality, cut jobs in Africa
26-04-2018 | 07:13:00
The study explores the potential impact of technology in global labour markets and identifies concrete actions countries can take to prepare for the changing nature of jobs and leverage the benefits of emerging technologies.
Disruptive technologies to widen income inequality, cut jobs in Africa, new study shows
25-04-2018 | 11:48:17
Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity.
Marriott leads Africa’s hotel growth - W Hospitality Group survey
24-04-2018 | 09:39:00
Marriott International tops this year’s table for the most planned new hotel rooms under construction in Africa, according to the influential annual hotel pipeline survey by W Hospitality Group.
MTN Uganda largely fulfilled regulatory obligations but some areas still lack
24-04-2018 | 08:26:41
Whereas MTN has to a large extent complied with most of its license and regulatory obligations, there are a number of outstanding areas of non-compliance which must be addressed before UCC processes its application for renewal of a license, says Godfrey Mutabazi, the UCC executive director in the report.