Casablanca’s commercial sector showed signs of improvement in the first half of the year in 2018, reveals real estate management company JLL.
A far-reaching in-depth study, led by Nielsen, of television reception throughout Nigeria, Cameroon and Ivory Coast, has positioned Eutelsat as satellite market leader within these countries.
A joint study launched by the Government of Rwanda and the World Bank Group has identified four essential and interdependent drivers of future growth – innovation, integration, agglomeration, and competition.
A new report dubbed The South African Labour Recruitment Industry has been unveiled with a focus on the complex labour recruitment industry which plays a significant role in the South African economy.
An increasing number of mergers and acquisition transactions may be stalling because of concerns over GDPR compliance, according to a survey of EMEA M&A professionals.
The World Bank has approved an International Development Association package of $20m to support Djibouti’s efforts to improve the living conditions for residents of urban areas, achieve its Zero Slum strategy.
With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent.
Finserve, an independent arm of Equity Group has announced that mKey, Africa’s first keyboard app that combines both financial social and lifestyle services has recorded close to 100,000 downloads since its official launch in early September.
Mercer, a global consulting leader in advancing health, wealth and career, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc., has announced the results of an extensive study that examines the needs of workers in the world’s fastest-growing cities across four key factors – human, health, money and work.
The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient.
A senior official of the UN Economic Commission (ECA), has told Cameroon’s development planning and statistics authorities that the law of the market, called ‘the invisible hand’ in economics, cannot by itself promote diversification, industrialization and the structural transformation of the economies.
Analysis of trade misinvoicing in Nigeria in 2014 shows that the potential loss of revenue to the government was approximately $2.2 billion for the year, according to a new study by Global Financial Integrity.
Unconditional cash transfers paid to vulnerable populations as regular, predictable income support is now an established programmatic strategy to combat poverty and social exclusion and build resilience to shocks in Africa.
Standard Bank, with a brand value of $4.79 billion, is South Africa's No.1 brand in the first BrandZ™ Top 30 Most Valuable South African Brands ranking.
Insecurity and unemployment key constraints affecting governance across the African continent, study
The annual Ibrahim Index of African Governance has highlighted insecurity and unemployment as key constraints affecting governance across the African continent, citing that some promising nations had “lost momentum”.
MTN Group has announced its Sudan operation as the winner of this year’s 21 Days of Y’ello Care employee volunteerism programme. The programme, which ran for 21 days in June, saw over 9000 employees across the company’s footprint dedicating their time and efforts to uplifting local communities.
About 70 stakeholders comprising executives and planning experts, statistics executives and experts, members of the civil society and representatives from the private sector will converge in Yaounde to review and validate two ECA studies on accountability and statistics in development planning in Cameroon.
According to EY’s latest Africa Attractiveness report, Foreign Domestic Investment was up across the continent last year, although South Africa experienced a fall in project numbers, on the back of continued weak domestic growth.
Amazon Web Services (AWS), an Amazon.com company, has announced that it will open an infrastructure region in South Africa in the first half of 2020.
Due to an exceptional harvest and tourist arrivals that reached levels last seen in 2010, GDP growth in Tunisia have accelerated in the second quarter of 2018 to 2.8 percent, up from 2.5 percent in the first quarter.
Guaranty Trust Bank has released its unaudited financial results for the period ended September 30, 2018 to the Nigerian and London Stock Exchanges.
Enterprises in Southern East Africa and Mauritius are rapidly stepping up their efforts to boost customer experience, reports omnichannel customer experience specialist Genesys.
The total revenue earned by mobile service providers increased by 8.5 per cent to Ksh 252.3 billion, approximately $2.5 billion, in the past twelve months to June 2018, the latest ICT sector statistic report released by the industry regulator indicates.
Emerging market currencies that have already seen depreciation this year will continue to be susceptible to balance-of-payment crises, according to the External Vulnerability Index published by business information provider IHS Markit.
Equitel processed 87.9 million mobile commerce transactions between April 2018 and June 2018, up from 77.6 million transactions in the preceding quarter, representing a 13 per cent increase. At the same time the value of mobile commerce transactions increased to Ksh328.2 billion, a 13 per cent increase from Ksh290.3 billion that was processed over the same period.
The Angolan Government invested between US $ 99.5 billion and US $ 99.5 billion between 2002 and 2015 in the construction and reconstruction of roads, bridges, railways, airports, ports, dams, power distribution networks electricity.
Testimony by SARS Executives at the Commission of Inquiry into Tax Administration and Governance by SARS has led to widespread reporting in the media that the eFiling system is on the verge of collapse.
Cytonn Investments has released their annual Cytonn Corporate Governance Report – 2018, “Cytonn CGR”, which demonstrated that firms with higher levels of corporate governance outperformed those with lower levels of corporate governance.
The African Agenda 2063 is a well spelt out strategic framework for the socioeconomic transformation of the continent over the next 50 years. China’s President XI Jinping has characterized china’s development agenda in Africa as a win-win deal for its aspirations to become the global trade leader.
Unveiled a decade ago in June 2008, the Kenya Vision 2030, the country’s development blueprint, has steered Eastern Africa’s largest economy to unprecedented heights. But the future of the blueprint is caught in a geo-political mire on three fronts.
Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index, produced by the Official Monetary and Financial Institutions Forum, and South Africa remains in top position.
South African SMEs are estimated to represent 90% of formal businesses, provide employment to about 60% of the labour force and contribute approximately 34% of the country’s GDP.
A new investigation from Global Witness has revealed how progressive community forestry in Liberia is being undermined by the logging industry - using a number of shady tricks.
Cape Town has topped global water intelligence’s annual listing of the largest water tariff increases in 2018 with a 390% increase in the benchmark price of water and wastewater services.
The development potential of Nigerian mini-grids – generation and distribution systems capable of supplying up to 1 MW of capacity from renewable sources, independent of national transmission networks – is valued at up to $20bn, according to a report.
Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017 according to a new World Bank report.
The Egyptian automotive market will maintain the growth rates achieved during the first half of 2018, Former Head of the Automobile Manufacturers Association Hassan Mostafa said.
Lafarge Africa, with its ambition to grow in Nigeria has decided to further strengthen the company by issuing a new rights issue.
September data signaled a slower improvement in business conditions in Kenya’s private sector, with the latest expansion being the weakest in the current ten-month phase of growth.
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch said in a report released today.
African-based specialist hospitality, real estate and leisure consulting company, HTI Consulting, summarised the top five performers across 13 African cities for the first half of 2018 as indicated by STR Global.
An International Monetary Fund (IMF) staff team has completed the review of the 10th Rwanda Policy Support Instrument (PSI) supported program.
Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank.
With 31 914 flights in 2017, the route between Cape Town and Johannesburg was the 9th busiest between two airports in the world last year.
The 2018 financial year proved to be a challenging year for South African mining companies. Globally, the financial performance of the mining industry improved considerably from the previous year.
With South Africa having the most advanced and refined food and beverage market on the African continent, Frost & Sullivan believes in a 4 to 7 per cent estimated growth in the sector by 2020.
GDP growth was reviewed on the 20th of September, below expected, for Angola, by the consulting company Fitch Solutions.
Cytonn Investments has released its 2018 first half Banking Sector Report, which ranks KCB Group as the most attractive bank in Kenya, a position it has retained since 2016, supported by a strong franchise value and intrinsic value score.
The South African Customer Satisfaction Index 2018 (SA-csi) for Municipalities survey reports that while Cape Town residents were the most satisfied with local government service delivery, overall satisfaction levels have declined in all municipalities across South Africa.
According to the July issue of Africa Tourism Monitor 2018, recently published by the African Development Bank, the continent earned $36.2 billion in revenue from 62.9 million international visitors in 2016.
In 2017, the hospitality industry supported 1.1 million jobs (9% of total employment), and by end of 2018, the employment rate is expected to rise by 3.1%; according to a Jumia Hospitality Report.
Week after week, headlines about the latest cybersecurity attack dominate the news.
Integrated property investment company, Africa Logistics Properties has opened its first 49,000 sqm of modern grade –A warehouse at ALP North Industrial Park.
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.
Liquid Telecom has announced a partnership with Zindi to support the rollout of its new data science competition platform across Africa.
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.
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 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 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.
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
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
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
Operating conditions across Kenya’s private sector improved at a marked pace during August, reflecting sharper rises in output and new orders.
African mobile users have spent more than 4 million hours reading books on their mobile phones in 2018 according to Opera and Worldreader.
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.
Cytonn Real Estate, the development affiliate of Cytonn Investments,has released its Kenya Retail Sector Report - 2018.
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.
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.
Nigeria's Dangote has emerged the most valuable brand among the top 50 brands in Nigeria for 2018 which were unveiled in Lagos.
Maximeyes Group, a business incubator and investor in the UK, has acquired the Bamba Group, a Kenyan boutique data collection agency.
From April to June, a total of 20.7 million transactions were carried out in the country through the mobile payment platforms.
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 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.
Seed Academy reveals the State of Entrepreneurship in South Africa after surveying more than 1000 entrepreneurs across the county.
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 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 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.
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.
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.
Plaas, a farmers blockchain platform is set to revolutionize Farmers Management System (FMS) in Africa.
Workforce Holdings Limited a diversified services group today released interim results for the six months ended 30 June 2018.
The mobile industry is changing at an exponential rate as new influences shape the way consumer expectations rise.
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.
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.
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 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.
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 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.
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.
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.