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Governments and Telecoms Top Targeted Sectors for Cyber Attacks in East Africa

Governments and Telecoms Top Targeted Sectors for Cyber Attacks in East Africa

by Africa Business on Jun 27, 2016



In East Africa, governments are the top target sector for cyber attacks (33%). Telecommunications (22%) and financial services (17%) follow in close succession. Contrary to the perception that cyber breaches are a problem unique to the large multinational companies based in developed markets, East African organisations are fast becoming a target for attacks with local …Read More

Food For Thought This Mandela Day

by Africa Business on Jun 27, 2016



Sun International and Stop Hunger Now aim to feed 2-million Campaign dates: Wednesday, 13 July to Wednesday, 20 July With food inflation reaching nearly 10% by the end of the first quarter of 2016, a full shopping basket is a luxury for many people.  According to Statistics South Africa as many as 16% of South …Read More

AFER Forum 2016 African Forum of Renewable Energies

AFER Forum 2016 African Forum of Renewable Energies

by Africa Business on Jun 27, 2016



The City of Marrakech will host, on July 15th & 16th, the first edition of the African Forum for Renewable Energies “AFER Forum 2016″. AFER Forum 2016 accredited COP22, is involved in a difficult economic and ecological context that concerns us all. This is an event that mobilizes a hundred speakers, from Morocco, the rest …Read More

Africa’s Visa Restriction Lift to Support the Region Economy

Africa’s Visa Restriction Lift to Support the Region Economy

by Eden Sahle on Jun 27, 2016



Being a largely locked continent, Africans still need visas to travel to over half of the continent. This continues to divide Africa; going against the African Union (AU) mission to create ‘One Africa.’ Experts believe that the free movement of people, together with the free movement of goods, services and capital, will connect the continent …Read More

Has the economic downturn led to companies cutting down on mobility?

Has the economic downturn led to companies cutting down on mobility?

by Steven Cohen on Jun 27, 2016



By Steven Cohen, Head of Sage One International (Africa, Australia, Middle East and Asia) During these tough economic times, businesses have more incentive to start reviewing their systems and processes to find ways to become more profitable. Mobility might be the answer they are looking for. A decade long survey of Fortune 1000 companies found …Read More

Is Brexit the Perfect Storm for Africa?

by Richard Li on Jun 23, 2016



Over the last few years, Africa has been facing many headwinds to its stellar growth rate of the last decade. Adding to all these woes is the threat that the United Kingdom votes to leave the European Union, Brexit, this Thursday. Hence, will a Brexit be a Perfect Storm to the Africa Rising story? From …Read More

The Role of Culture in Doing Business in Africa

The Role of Culture in Doing Business in Africa

by Navin Ravindran on Jun 23, 2016



Navin Ravindran, VP Sales of Aluzinc Asia (Pte) Ltd Defining “Culture” “All people are the same; only their habits differ.” ― Confucius Culture refers to the accepted norms and values and rational behaviour of groups. It’s “How we do things!” Countries, as well as people within the country, may operate differently according to beliefs, values, …Read More

DRC mining industry shows overwhelming support for DRC Mining Week in Lubumbashi in June

by Africa Business on Jun 23, 2016



Top mining pioneers and projects celebrated at DRC Mining Industry Awards The attendance at the DRC Mining Week in Lubumbashi in June more than doubled this year with a record number of more than 1500 visitors from 35 countries at the conference and exhibition in the country’s mining hub. Some 94 local and international companies …Read More

Africa in Brexit Aftermath

Africa in Brexit Aftermath

by Robert MacPherson on Jun 22, 2016



By Robert MacPherson Adjunct researcher of the NTU-SBF Centre for African Studies With only a few remaining hours left in the countdown to the Brexit referendum, the moment marks a critical juncture for the British: stay the course with the European Union or chart anew towards a separate vision? The decision of Leave or Remain …Read More

Africa’s TFTA: An Exercise in Economic Integration

Africa’s TFTA: An Exercise in Economic Integration

by Johan Burger on Jun 22, 2016



Introduction The Tripartite Free Trade Area (TFTA) was launched on 10 June 2015 in Egypt when the representatives of 26 governments accepted the tenets of the free trade area. This created the largest free-trade zone in Africa, reaching from Egypt to South Africa (BBC, 2015). This article will investigate the TFTA, its challenges and benefits …Read More

Got R1000? Start your own business!

Got R1000? Start your own business!

by Africa Business on Jun 22, 2016



Becoming your own boss is not an impossible dream – it depends on the right attitude to turning a little money into more money, say South African business experts. Ahead of the upcoming Small Business Expo and #BuyaBusiness Expo in Johannesburg, we challenged small business development experts to devise a viable business plan that could …Read More

Luanda 2nd, Johannesburg 205th and Cape Town 208th According to Mercer’s Cost of Living Survey

by Africa Business on Jun 22, 2016



Despite volatile global markets and growing security issues, organizations continue to leverage global expansion strategies to remain competitive and to grow – Hong Kong leads as Kinshasa makes big jump up the ranking ladder in Mercer’s (Mercer.com) 22nd annual Cost of Living Survey – Luanda stays to be one of the most expensive cities to …Read More

Hotelier Program 1000 Rooms In Togo

by Africa Business on Jun 22, 2016



CONFORTIS INTERNATIONAL S.A. initiates Hotelier Program 1000 rooms spread over 10 hotels throughout the Togolese territory referred WELLCITY Hotels & Resorts. This Hotelier Program is pegged to the new infrastructure developed in the country (Port, Airport, road transport, …) and anticipates the second generation of national investment in public / private partnership. LOME, TOGO, June …Read More

Examining the West’s Misguided Approach to the Horn of Africa

Examining the West’s Misguided Approach to the Horn of Africa

by Fikrejesus Amahazion on Jun 21, 2016



Dr. Fikrejesus Amahazion Last week, a 61-page human rights report about Ethiopia was released, detailing the government’s heavy-handed response to large and widespread anti-government protests and dissent over political and economic inclusion. According to the report, Such a Brutal Crackdown: Killings and Arrests in Response to Ethiopia’s Oromo Protests, during the widespread protests, largely arising …Read More

Most Effective Advertising Platform for African Businesses

by Joshua Amponsem on Jun 21, 2016



Undoubtedly, the average youth and working adult spend most of their leisure time surfing the internet. Entertainment, Business, Health, Lifestyle, Government and Politics, News, Movies and Music are all accessed via online platforms. Thus, most of our African youth, working adults and a smaller portion of the aged group have recommended online advertisement and e-marketing …Read More

Hotel Boom in Africa – Carlson Rezidor leading Expansion

by Africa Business on Jun 21, 2016



Carlson Rezidor is accelerating its growth strategy in Africa. The group has opened five Radisson Blu hotels in the first six months of 2016 and signed four new hotels including the first Quorvus Collection in Africa. The group is also entering 28th country in Africa and taking the Park Inn by Radisson brand to the …Read More

June Persian Gulf-Arabian Sea cement prices decrease 7%+, clinker prices increase 4%+

by Africa Business on Jun 21, 2016



On a monthly basis, cement FOB prices registered a 7+ percent MoM decrease in Persian Gulf-Arabian Sea region, while export prices for bulk ordinary grade clinker increased by more than 4 percent. The CW Research’s June update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment shows East African CFR …Read More

New 1/200,000 scale baseline mapping for Mali: The project comes to an end in September 2016

New 1/200,000 scale baseline mapping for Mali: The project comes to an end in September 2016

by Africa Business on Jun 21, 2016



The European Union called on IGN FI in October 2012 for a project to rework Mali’s 1/200,000 scale national topographic map, create derived projects and services and modernize the Geographic Institute of Mali (IGM). This project, financed by means of the 10th EDF (European Development Funds) has a dual objective: -        Creating a national reference …Read More

Minister Highlights Equatorial Guinea’s Oil and Gas Legacy of Exploration Success at Africa Assembly

Minister Highlights Equatorial Guinea’s Oil and Gas Legacy of Exploration Success at Africa Assembly

by Africa Business on Jun 21, 2016



Equatorial Guinea’s government is promoting its offshore acreage and showcasing the nation’s oil and gas achievements in the EG Ronda 2016 oil and gas blocks licensing round. H.E. the Minister Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy of Equatorial Guinea, has reiterated his call for increased investment in oil and gas exploration. …Read More

2017 Investing in African Mining Indaba Introduces Significant Price Reduction for Mining Corporates

2017 Investing in African Mining Indaba Introduces Significant Price Reduction for Mining Corporates

by Africa Business on Jun 21, 2016



Investing in African Mining Indaba (bit.ly/1Q8v7qr), the world’s largest mining investment event, today announced registration is open. Reacting to the market conditions and unfavorable currency-conversion rates that have resulted in recent lower attendance, Indaba official shave announced a new historic price reduction for mining and exploration companies. Registration fees are as much as 50% lower …Read More

Al Jazeera Media Network denounces the death sentence against Ibrahim Helal

by Africa Business on Jun 20, 2016



The Egyptian Criminal Court sentenced our colleagues Ibrahim Helal, former director of news at Al Jazeera’s Arabic channel, and Alaa Sablan, identified by the prosecution as an Al Jazeera journalist,  to death on Saturday, 18 June 2016. The two journalists were falsely accused of wrongdoing under what is known as “The Espionage Case,, together with …Read More

Ghana Announces New Online System for Export Documentation

by Joshua Amponsem on Jun 19, 2016



At a stakeholder forum which was organized by the Bank of Ghana (BoG) and the Ghana Community Network Services Limited (GCNet) to meet with Banks and Exporters, BoG’s Deputy Governor – Mr. Millison Narh announced an upcoming development within their services with the export sector. Mr. Narh said at the forum that by July 1st, …Read More

Workers at Dangote in Ghana Goes on Demonstration

Workers at Dangote in Ghana Goes on Demonstration

by Joshua Amponsem on Jun 18, 2016



The multinational cement manufacturing company which recently announced construction of a new manufacturing site in Takoradi had its staff at the Tema yard going on a fierce demonstration requesting change of the current financial controller, Mr. Tunde. The main drive of the demonstration was on the basis that workers are not satisfied with their salary …Read More

#DIAA2016 Releases Nominees List for Best Digital Bank for Africa

#DIAA2016 Releases Nominees List for Best Digital Bank for Africa

by Africa Business on Jun 18, 2016



The Annual Digital Impact Awards Africa (DIAA2016) has today released a list of the Nominees for Best Digital Bank for Africa. The Best Digital Bank for Africa nominations’ release is in addition to the earlier announced nominees and recipients of Medals of Honor. The Awards and Medals of Honor will be presented at Kampala Serena …Read More

Ethiopian Tourism Aspiring for Record Number of Visitors

Ethiopian Tourism Aspiring for Record Number of Visitors

by Eden Sahle on Jun 18, 2016



Enjoying untapped massive tourism potential owing to its natural, historical and cultural gifts, Ethiopia is yet to take full benefit of the industry improving its infrastructure and promotion capacity. Ethiopia is eyeing to perk up its tourism sector to fully benefit from its tourism potentials, raising the revenue from tourism. Although the country has natural …Read More

Payroll fraud: a serious threat to your business’s sustainability

Payroll fraud: a serious threat to your business’s sustainability

by Africa Business on Jun 17, 2016



Payroll is one of the largest expenses for Small & Medium Businesses and larger enterprises in West Africa, yet many organisations are neglecting the importance of managing the risk of fraud in this area of the business. That’s according to Magnus Nmonwu, Regional Director for Sage in West Africa, who says that payroll fraud is …Read More

Researchers Must Focus on African Businesses to Boost Economy

Researchers Must Focus on African Businesses to Boost Economy

by Joshua Amponsem on Jun 17, 2016



Globally, Africa’s economy is noted to be a fluctuating one – performing differently from predicted outlook and projections. This has, and is still, impeding the rate of investment and economic growth of Africa’s business sector. Evidence based research predicted decades ago that some African countries, like Nigeria, South Africa, Ghana, Kenya and Zimbabwe could be …Read More

South Africa equity market not saved from pre-Brexit vote fallout

by Nosibusiso Ngqondoyi on Jun 17, 2016



By Nosibusiso Ngqondoyi, Head of Research, Novare – Our local equity market has not been spared as it is down close to 5% levels month to date as investors are pulling assets to invest into what is deemed safe haven investments. – South Africa will be amongst the countries likely to be affected the most …Read More

The Green Mountain of Debre Birhan

The Green Mountain of Debre Birhan

by Eden Sahle on Jun 17, 2016



The gorgeous greener small town in Northern Shoa of Ethiopia, Debre Birhan found 130Km from Addis Ababa. This oldest town in Ethiopia was erected by King Zera Yacob in 14th century. In this small village, the hills are alive and greener with enchanting views and plenty of things to do. As experts in travel, Africa’s …Read More

Diaspora supporting the Ethiopian Economy

Diaspora supporting the Ethiopian Economy

by Eden Sahle on Jun 17, 2016



Endearing the interest of the diaspora community Ethiopia started to generate its foreign currency from its own citizen’s investment who went abroad for work and education. It’s a recent phenomenon since Ethiopia created international fame for its staggering double digit growth for the past ten years. According to economists, stable political climate, peace, safety and …Read More

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