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30-10-2014 22:52:00 | by: Administrator | hits: 12654028 | Tags:

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.
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.
Samsung To Mentor 19 South African Start-ups
13-09-2018 | 07:36:00
As part of employee volunteer programme, Samsung has arranged the Global Start-up Acceleration Programme in South Africa, in partnership with (SEDA) and NGO Nangila to mentor start-ups in various fields to support the sustainable growth of entrepreneurs.
ICAEW says remittance income will drive economic growth for Africa
12-09-2018 | 10:17:30
The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions include; East Africa, West, and Central Africa, Franc Zone, Northern Africa, Southern Africa.
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.
[Angola] Biocom has produced half of the sugar consumed in 2018, data
07-09-2018 | 08:15:00
Fifty-one thousand, 785 tons of sugar were produced by the Bioenergy company (Biocom) in the 2018 harvest according to data released at the 34th Meeting of Working Group.
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] Longhorn Publishers bets on strategic plan to grow profits
06-09-2018 | 06:38:29
Longhorn Publishers PLC has recorded a 17 per cent increase in turnover to close at Shs 1.69 billion against the previous year turnover of Shs 1.45 billion.
[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.
Africans spent more than 4 million hours reading online in 2018
05-09-2018 | 13:18:00
African mobile users have spent more than 4 million hours reading books on their mobile phones in 2018 according to Opera and Worldreader.
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.
Nigeria Aviation records over $42m from airlines in 8 months
04-09-2018 | 06:34:00
The Nigeria Civil Aviation Authority has recorded over $16.98million as Ticket Sales Charge (TSC) from international airlines and over N9.16billion from local airlines between the months of January to August this year through its automation system.
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.
MAXIMeyes acquires Kenya’s Bamba technology
31-08-2018 | 11:33:00
Maximeyes Group, a business incubator and investor in the UK, has acquired the Bamba Group, a Kenyan boutique data collection agency.
[Nigeria] Mobile payments record 4.1% growth in three months
30-08-2018 | 12:40:41
From April to June, a total of 20.7 million transactions were carried out in the country through the mobile payment platforms.
HF Group records Sh12.6 million in half-year profits
30-08-2018 | 11:53:17
HF Group has posted half-year period pre-tax profit of Ksh 12.6 million for the period ending June 30, 2018, compared to the Ksh 231 million the group recorded in 2017.
Guinness Nigeria releases 2018 FY results
30-08-2018 | 10:53:00
Guinness Nigeria delivered has disclosed its performance in the year ended 30 June 2018, showing revenue increased by 14% from N125.92 billion in June 2017 to N142.98 billion.
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.
Kenya Airways records a further Sh4b half-year loss
29-08-2018 | 09:45:11
Kenya Airways has reported a Sh4b loss after tax for the first six months of 2018 from Sh5.6 billion recorded same period last year.
IT spending in South Africa will grow 4.3 Percent in 2018, Gartner
28-08-2018 | 13:50:00
IT spending in South Africa will total R276.6 billion in 2018, a 4.3 percent increase from 2017, according to Gartner, Inc. All IT segments are on track to achieve growth this year, with data center systems and servers returning to growth.
[South Africa] Cell C bets on turnaround strategy to grow revenue
28-08-2018 | 12:30:00
Cell C has released its interim results for the period ended 30 June 2018, signaling how South Africa’s third largest telecommunications service provider is on track to deliver substantial growth through its strategic initiatives.
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.
[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] Workforce Holdings shows 4.2% revenue increase in H1
23-08-2018 | 07:47:00
Workforce Holdings Limited a diversified services group today released interim results for the six months ended 30 June 2018.
[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.
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.
Afreximbank posts $343 million gross revenue in first half of 2018
17-08-2018 | 10:36:08
The African Export-Import Bank, Afreximbank, has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million.
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.
[Nigeria] Fintech startup secures $13M Series A
16-08-2018 | 10:38:00
Mines, a Nigerian fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth.
[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.
Half of Sub-Saharan Africa will be connected to mobile by 2025
15-08-2018 | 08:04:00
Mobile phones have become pivotal platforms for digital and financial inclusion, in particular for millions of people in underserved communities, complementing efforts of governments and private sector partners.
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] GT Bank records $1billion profit in first half of 2018
09-08-2018 | 10:55:00
Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges.
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.
United Bank for Africa's Leo launched on WhatsApp
07-08-2018 | 15:34:00
Pan-African Financial Institution, United Bank for Africa (UBA) who recently clinched the Euromoney awards as the Best Digital Bank in Africa, is once again asserting itself as a pace setter, moving in leaps and bounds in unchartered territory.
[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] Larfage Africa posts $448 million half year net sales
26-07-2018 | 08:35:00
Lafarge Africa Plc has recorded net sales of N162 billion, about $448 million, for the first half 2018 and N82 billion, approximately $226 million, for the second quarter of 2018.
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’.
Africa-India trade records tenfold growth, report
25-07-2018 | 08:36:00
Trade between Africa and India rose more than 10-fold between 2001 and 2014, making India Africa’s fourth-largest national trading partner, according to a new report.
[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.
Argus launches South Africa fuel price indexes
16-07-2018 | 08:51:00
Global energy and commodity price-reporting agency Argus has launched daily price indexes for a range of fuels in South Africa, improving market transparency.
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.
[South Africa] Teraco to invest R1bn in ICT infrastructure
09-07-2018 | 07:38:00
In its largest infrastructure build project to date, African neutral data centre provider has announced that it will be expanding the Teraco Isando Campus (JB1).
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.
FAPA approves four projects worth $3.9m for African SMEs
03-07-2018 | 07:52:00
FAPA donors have approved four projects worth US $3.9 million, bringing the total number of FAPA approved projects to seven and the cumulative grant amount to US $6.4 million since the beginning of this year.
MainOne’s MDXI becomes most certified Data Center in Nigeria
02-07-2018 | 07:56:45
MainOne’s Data Centre subsidiary, MDXI has just received its Tier III Constructed Facility certification (TCCF) from the Uptime Institute.
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.
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.
Urbanization dampens growth opportunities in West Africa, World Bank
22-06-2018 | 11:12:42
While the cities of West Africa grapple with large migratory flows, consisting chiefly of young people, they must tackle the many challenges associated with this rapid urbanization.
Nigeria’s agriculture export rises 24% in 3 months
21-06-2018 | 11:16:00
Nigeria has seen its 2018 first quarter agricultural export risen by 24 percent as the country explore opportunities to earn substantial dollars through the non-oil export.
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.
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.
Rwanda’s economy registered 10.6% growth in first quarter of 2018
19-06-2018 | 13:28:21
Rwanda’s economy expanded by 10.6% in the first quarter of 2018, where GDP at current market prices was estimated at Frw 1,985 billion, up from Frw 1,816 billion in the previous year.
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.
Madagascar receives $40m from World Bank to improve electricity sector
18-06-2018 | 08:37:00
The World Bank has approved an International Development Association credit of $40 million to improve Madagascar’s electricity sector governance and operations.
Best years ahead for capital raising in Africa - Baker McKenzie
18-06-2018 | 08:01:00
Domestic and cross-border Initial Public Offering capital raising by African issuers in the first half of 2018 increased by 33% year-on-year to USD 396 million, while volume grew by 25% to 5 IPOs.
Africa Middle East and Europe smartphone markets hit record value, IDC
18-06-2018 | 06:23:00
The region's smartphone market showed some stability in the first quarter of 2018 in unit terms, while its value grew to exceed its previous first quarter peak result in the first quarter of 2015.
South African consumers lift discretionary spending, Mastercard report
15-06-2018 | 11:45:00
Total South African retail sales for April 2018 grew by 3.7 percent year-on-year after removing the effects of inflation, showing the highest growth rate seen in April in the past six years.
Ethiopia economy to record 2 percent dip in 2018, World Bank report
12-06-2018 | 06:05:58
Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018, July 2017 to June 2018, down from 10.9% in fiscal year 2017, according to a new World Bank Group report.
Growth in Sub-Saharan Africa projected at 3.4 percent in 2018
08-06-2018 | 11:00:00
Sub-Sharan Africa is experiencing a modest growth uptick, and about two-thirds of countries in the region reportedly saw accelerated growth over the past year.
Nigerians activate 11.2 million lines in one month
05-06-2018 | 08:18:00
The growth in telecommunications subscriptions that started since January this year took an impressive turn as Nigerians activated 11.2 million lines on the GSM networks in April.
Migration in Africa plays growing development role, report
01-06-2018 | 10:48:00
African migration could boost growth and positively transform the structure of the continent’s economy, UNCTAD’s 2018 Economic Development in Africa Report reveals.
Uganda: US$ 75 Million for Infrastructure Program
31-05-2018 | 13:02:00
The Regional Communications Infrastructure Program aims to transform public service delivery using ICT to improve the lives of Ugandans
[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.
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
24-05-2018 | 13:15:00
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.
New ECA profile urges Cameroon to step up manufacturing and reduce social inequalities
24-05-2018 | 08:29:44
Despite its laudable development plans as well as the rising level of transformation of its local products, Cameroon still has big gaps to plug in terms of the structural transformation of its economy.
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.
Terrestrial fibre still mother of all bottlenecks in Africa say experts at Africa Panel Session
22-05-2018 | 06:49:54
The Africa Panel session at ITW challenged African policymakers to proffer incentives to encourage the deployment of broadband infrastructure of scale to support the rollout of much-needed infrastructure to rural areas.
[Startup Interview] Renaldo Bothma, Managing Director, HomeFixer, South Africa
21-05-2018 | 11:34:00
Renaldo Bothma is a professional rugby player and founder of a new app, Homefixer, an app to help fix any household related issue at the push of a button.
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.
African Centre for Statistics urges for more investment in modern data collection processes
18-05-2018 | 08:45:02
The planning process of long-term development in any country would be on a shaky foundation if the data and statistics are not readily available and are of poor quality.
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.
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.
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.
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.
Nestlé Nigeria announces Q1 2018 financial results
07-05-2018 | 13:00:00
Nestlé Nigeria Plc announced its financial results for first quarter of 2018. The company continued its momentum from 2017 delivering a revenue of N 67.5 billion for Q1 2018, a growth of 10.3% over Q1 2017.
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.
Africa Finance Corporation shows strong financial and operational performance for 2017
07-05-2018 | 08:14:00
Africa Finance Corporation, the infrastructure multilateral development finance institution, has announced its 2017 financial year results.