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Africa: Good Time to Consider Change, Oil and Gas Sector

by Joshua Amponsem on Aug 25, 2016



The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportunities in the oil & gas sector. “It is an opportune time …Read More

Zambia suspends Licenses of Three Broadcasters

by Africa Business on Aug 25, 2016



Zambian regulators should immediately reinstate the broadcasting licenses of three media outlets it revoked, and police should drop all charges against four media workers arrested when police sealed the offices of the country’s largest privately owned television station, the Committee to Protect Journalists said today. Zambia’s Independent Broadcasting Authority (IBA) on August 22 suspended the …Read More

RMB continues to penetrate the South African market

by Africa Business on Aug 24, 2016



SWIFT’s RMB Tracker shows that RMB usage across South Africa has more than doubled in volumes over the past two years Brussels, 24 August 2016 – SWIFT data shows that Renminbi (RMB) usage in payments in South Africa increased by 65% over the last 12 months and by 112% in the last two years, moving …Read More

10 fundamental lessons learned when doing business in Africa

10 fundamental lessons learned when doing business in Africa

by Dr James Makamba on Aug 24, 2016



Doing business in Africa can be somewhat of a challenge, considering the continents’ vastness, underdevelopment in certain areas and political and cultural diversities. However, with endless opportunity and resources, making money on the continent it is definitely worth the risk. Doing business in Africa: Mining Recently I sat down with a business partner of mine, …Read More

Achieving Sustainable Transport in Africa

Achieving Sustainable Transport in Africa

by Joshua Amponsem on Aug 24, 2016



Africa must achieve sustainable transport in its effort to contribute to global carbon emission reduction and the goal of limiting global temperature increase well below 2 degrees Celsius, while urging efforts to limit the increase to 1.5 degrees Celsius. The African Development Bank (AfDB) and other allied institutions have committed to providing 175 billion USD …Read More

De-risking in Africa on the rise, according to latest SWIFT data

by Africa Business on Aug 24, 2016



SWIFT data shows that banks around the world are reducing their correspondent banking relationships with a focus on perceived higher-risk jurisdictions, including Africa Johannesburg, 24 August 2016 – SWIFT data released today shows that many countries in Africa have seen a reduction in the number of foreign counterparties, the overseas banks with which African banks …Read More

Two things I wish I had known when I started a small business

Two things I wish I had known when I started a small business

by Steven Cohen on Aug 24, 2016



By Steven Cohen, Head of Sage One International (Africa, Australia, Middle East and Asia) One of the questions other entrepreneurs most often ask me is what I wish I had known when we first started the Pastel business in 1990. Looking back over the past 26 years, I can distil my answer into two key …Read More

Hoyahoye Ethiopian Ancient Tradition

Hoyahoye Ethiopian Ancient Tradition

by Eden Sahle on Aug 24, 2016



Ethiopia is truly a place of great culture and celebrations. One worth witnessing is Buhe which is celebrated on August 19 of every year. Religiously the day marks the transfiguration of Jesus on mount Tabor. The celebration performed by young boys and men all over Ethiopia is breathtaking and exciting to watch in Addis Ababa …Read More

S.A tourism geared for growth

by Unathi Sonwabile Henama on Aug 23, 2016



According to PwC’s Hotels Outlook 2016 – 2020, South Africa can still expect healthy growth over the next five years. This is despite of the revised visa regulations and a weak global economy. What did we miss or misread on South Africa’s revised visa regulations? CNBC Africa is joined by Unathi Sonwabile Henama, Tourism Lecturer, …Read More

Africa Impact Investing Leaders Forum 2016

Africa Impact Investing Leaders Forum 2016

by Africa Business on Aug 23, 2016



http://aiilf.com/register-your-interest/

Business Women Who Broke the Mould

by Africa Business on Aug 23, 2016



Why it’s the best time to invest in the Ethiopian Hotel Industry

Why it’s the best time to invest in the Ethiopian Hotel Industry

by Eden Sahle on Aug 22, 2016



While the Ethiopian economy continue to enjoy double digit growth, the hospitality sector is poised for further growth in the wake of increased number of inbound travelers into the country with expected opening of the AU Grand Hotel, Pullmann, Crowne Plaza,Wyndham Hotel Group, Crowne Plaza, Accor Group and Best Western. Being the third largest diplomatic …Read More

Somaliland: Can Banking Competition Enhance Somaliland’s Financial Inclusion?

Somaliland: Can Banking Competition Enhance Somaliland’s Financial Inclusion?

by Mohammed Dahir Ahmed on Aug 22, 2016



The financial services sector in Somaliland is presently dominated by the remittance business, which offers such services as well as checking accounts. However, several banks have obtained licenses from the Somaliland Central Bank, under the Islamic Banking Act. These banks, in addition to their branches inside Somaliland, have their headquarters in some other countries in …Read More

Sport and Resistance: Lilesa’s Brave Stand for Freedom in Ethiopia

by Fikrejesus Amahazion on Aug 22, 2016



According to the late Nelson Mandela, the great South African anti-apartheid revolutionary who served as President of South Africa from 1994 to 1999, “Sport has the power to change the world.” It brings people together, offering unity and shared celebration. At the same time, however, sport frequently serves as an important outlet for social and political …Read More

Ethiopia’s Next Great National Task

by Africa Business on Aug 22, 2016



Ethiopia is a major contributor to peace and security in Africa, our ally in the fight against violent extremists, and has shown incredible generosity to those escaping violence and repression, admitting more refugees than any country in the world Tom Malinowski, U.S. Assistant Secretary of State for Democracy, Human Rights, and Labor. The United States and …Read More

United States Concerned About Torture and Protection of Fundamental Freedoms in Mauritania

United States Concerned About Torture and Protection of Fundamental Freedoms in Mauritania

by Africa Business on Aug 22, 2016



Mark C. Toner, Deputy Department Spokesperson The United States is gravely concerned about the harsh prison terms imposed yesterday on twenty individuals who were arrested following June 29 riots in Nouakchott because of the apparent deficiencies in legal representation of the defendants and the State’s evidence presented against the accused. Among those sentenced are thirteen members …Read More

Dr Moeti proposes Actions to address Fake Medical Products

by Africa Business on Aug 22, 2016



Every day, fake medicines and medical products are sold at street corners, in open air markets or on unregulated websites in several countries in the African Region. These poor quality, unsafe medicines and products promote drug resistance and lead to loss of confidence in health professionals, pharmaceutical manufacturers and distributors and in health systems. In …Read More

Opportune Time for Africa Oil & Gas Industry to consider Change

Opportune Time for Africa Oil & Gas Industry to consider Change

by Africa Business on Aug 22, 2016



The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportunities in the oil & gas sector. “It is an opportune time …Read More

IC Bank takes the lead in innovative disruption

IC Bank takes the lead in innovative disruption

by Africa Business on Aug 20, 2016



Mobile banking innovator, WIZZIT International, recently collaborated with International Commercial Bank to launch the first ever mobile payment platform in Albania. The launch of Zing marks a critical turning point for the traditionally cash-rich nation and is surprisingly being adopted and implemented by one of Albania’s smallest banks. International Commercial Bank, also known as IC …Read More

Expanding Your Business Start-Up with the Right Team

Expanding Your Business Start-Up with the Right Team

by Africa Business on Aug 19, 2016



Over the past five years Africa has seen the rise of new brilliant young entrepreneurs while there has been a steady boom in start-ups within the continent. As this situation is characterized by the continuous unemployment rates in sub-Saharan Africa, not all entrepreneurs and their start-ups have been successful.  There have several moments where young …Read More

What is the impact of the drop in commodities prices on the market?

What is the impact of the drop in commodities prices on the market?

by Africa Business on Aug 18, 2016



An Interview with Lars Christensen, Founder & Owner – Markets and Money Advisory Lars Christensen, founder and owner of Markets and Money Advisory and a Senior Fellow at London’s Adam Smith Institute, shares his insights into the opportunities and risks in the midst of economic turbulence in Africa. At AHIF in Rwanda, Lars will discuss …Read More

Ten Years on, the Survivors of Illegal Toxic Waste dumping in Côte d’Ivoire remain in the Dark

by Africa Business on Aug 18, 2016



Speaking ahead of the 10th anniversary of the illegal dumping of toxic waste in Côte d’Ivoire, a group of United Nations experts* urge the Ivorian Government, all responsible States and the international community to take this opportunity to address the ongoing human rights impacts of the incident. The UN human rights experts also call on …Read More

New high value payments systems task force is a key enabler of ISO 20022 harmonisation

by Africa Business on Aug 18, 2016



SWIFT, along with major global banks and market infrastructures, has formed HVPS+ – an ISO 20022 market practice task force that will address evolving market needs in the high value payments systems space  Following the launch of the ISO 20022 Harmonisation Charter, an industry-driven framework to facilitate the rollout of ISO 20022 globally, SWIFT has …Read More

SA: Special Economic Zones are a Key Driver to Attaining Industrialisation and Economic Growth

SA: Special Economic Zones are a Key Driver to Attaining Industrialisation and Economic Growth

by Africa Business on Aug 18, 2016



Special Economic Zones (SEZs) are a key-driver to attaining industrialisation and South Africa’s economic growth objectives. This was said by Deputy Director-General responsible for Special Economic Zones and Economic Transformation at the Department of Trade and Industry (the dti), Mr Sipho Zikode. He was speaking during the Western Cape leg of the Special Economic Zone …Read More

Malawi aligns its Mining Policy to the AMV

by Africa Business on Aug 18, 2016



The meeting kicked off on 10 August 2016 at the UN Conference Centre in Addis Ababa and brought together the government, civil society representatives, industry operators, and other private sector actors The Malawi Government through Ministry of Natural Resources, Energy and Mining with the support of African Minerals Development Centre (AMDC) hosted a three-day stakeholder …Read More

Creating jobs in the SME sector

Creating jobs in the SME sector

by Africa Business on Aug 18, 2016



Business In Theory is hosting an event on how to create jobs in the SME Sector. SME ScaleUp is on the 23rd November 2016 at the VodaWorld in Midrand. Entrepreneurs and business owners, alongside corporate and government are invited to discuss how the SME sector can create jobs in the era of industrialization. This will …Read More

Rand Rally To Fire On Or Fizzle Out?

by Tumisho Grater on Aug 18, 2016



Tumisho Grater, Economic Strategist, Novare Actuaries and Consultants  The Trend The strong performance in higher yielding equity and bond assets has spilled over to currency performance; this has resulted in a boost for commodity and emerging market currencies. Following a decline of over 25% against the USD in 2015 for the local unit, the Rand …Read More

Government of Kenya signs Joint Venture deal with De La Rue

by Africa Business on Aug 18, 2016



The Nairobi factory will produce 1 billion banknotes a year with potential to increase the production output by 50% with the installation of new equipment The Government of Kenya has today signed an agreement to commence a joint venture with De La Rue. Under the terms of the agreement, the Government of Kenya will take …Read More

Ashenda the green carnival

Ashenda the green carnival

by Eden Sahle on Aug 12, 2016



Seriously who would not like a colorful most glamorized Carnival street parties. Let your good times roll at Ethiopia’s unique Ashenda festivals. The celebration is exclusive to Lasta Lalibela, North Sekota and Tigray. It is known as “Ashenda” throughout Tigray, “Shadey” in Wag Hemra and by “Solel” in Raya Kobo. Costumed revelers board throwing beads …Read More

Can Development Be Sustainable?: Ghana’s Environmental Issues

by Sylvester Osei on Aug 12, 2016



Firstly, development can simply be defined as a process of growth. Traditional welfare economics had focused on incomes as the main measure of well-being or development. This parameter witnessed countries being seen as developed or underdeveloped (poor) with respect to the income levels of its citizenry. Later works of renowned economist Amartya Sen included other …Read More

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