Monthly Archives: May 2017
Digital IQ for African companies track global averages—but South Africa is at risk of falling behind: PwC report
Most organisations around the world have not done enough to keep up with the digital era – and leadership is falling short, with many chief executives not yet fully engaged in the initiatives of digital transformation. African companies match their global peers in many measures of Digital IQ: just over half (52%) rate their organisation’s Digital IQ as strong – a score of 70% or greater. However, South African companies stand at risk, with less than half (47%) rating their organisation’s IQ over 70%.
Although the vision to unify Africa has been heard for long; the continent remained highly disconnected hampering travel and other economic unities that might support the continent development initiatives. Still, the continent citizens do not find it easy to travel within the continent due to price and time taking travel requirements.
The Dangote Group (www.Dangote.com) shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor, just as the Group disclosed that it was investing N10 billion dollars in rice cultivation in five states to boost food self-sufficiency.
The world is gradually experiencing a shift from celebrity endorsements towards Influencer Marketing. The concept – Influencer Marketing is taking roots globally as the use of social media increases across the globe. Instagram seems to be a standout and the most used platform for many influencers, this reflects in the development of the app to have shopping options. Why Influencer Marketing and what’s the future? As social media grows and acquire more users, the future of Influencer Marketing remains bright while promising a good return on investment. Influencer Marketing is relatively cheaper than endorsement deals and offers a good diversity of options for all kind of businesses. Just like content marketing, influencers provide and interact with their audience on credible information, products, services which build their brand as a person and also promotes the activity their communicating.
Increased spending on healthcare in the public and private sectors across the African continent has resulted in improved health indicators and life expectancies.
Africa’s vast but informal cross-border trade can contribute to improving livelihoods and increasing regional integration across the continent, according to a new report presented at a conference here.
Credit card fraud is still rife in South Africa, but merchants and customers using credit cards still have some comfort in the knowledge that their transactions are protected by the Payment Card Industry Data Security Standard (PCI DSS). The key tenets of PCI DSS is to prevent fraud.
Flourishing from a start-up to an SME, and a macro business deeply rely on customer growth and market share. There are many start-ups that have been in existence for at least 3 years and still cannot count themselves as SMEs. Similarly, some SMEs with the vision to become macro enterprises are stuck in their ways. The hurdle here, is the challenge of increasing customer size and market share for the product or services being operated by these businesses. A new regime of keeping existing customers and attracting new ones to flourish your business is Content Marketing.
Technological advancement is growing rapidly globally. In Africa, there is a continuous rise in digital spending and development. In West Africa, Nigeria and Ghana are clear examples of how individuals and cooperate agencies are using tech to solve problem. However, there is also a growing lack of efficient digital advertisement. As the population of mobile phone users grow across the continent, there is no such growth of digital advertisement. Majority of advertisement is till channeled through traditional media. In Ghana, the majority of Small and Medium Enterprises are more interested in traditional media as a mode of advertisement though they do not have the financial means to advertise on the platforms of their choice. Tech gurus with solutions to digital marketing are resorting to private clients to sell their services to them. This has contributed largely to the inefficiency of digital advertisement in Africa – there is a lack of institution to sell the services.
African art presents some of the most fascinating and attractive works. However, the growth of the art industry in Africa has been fluctuating for some time now. Up to 28 August, Fondation Louis Vuitton in Paris is showing a selection of the biggest collection of African art in the world, put together by the Frenchman, Jean Pigozzi. The show is an expression of how African art is still of interest but for some reasons refuse to grow (within and outside the African continent). This lack of growth can be clearly attributed to the lack of institutional support for African art. Many known mega galleries and museums have no defined African art sections. This has limited the knowledge of African arts and as well diminishing its growth.
Guinea: IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects
IMF Staff Completes a Staff Visit to Guinea
- Economic activity in Guinea is rebounding, with signs pointing toward continued growth over 6 percent.
- Fiscal consolidation including increased revenues and reduced government spending have brought the basic budget deficit down to 0.7 percent of GDP in 2016.
- IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects.
An IMF staff team led by Giorgia Albertin visited Conakry from May 15 to 25, 2017, to discuss recent economic and financial developments and Guinea’s economic prospects. The team prepared the ground for a future visit for the negotiation of a new IMF-supported program.
At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. IbeKachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had indicated interest in the epileptic refineries. “By September, we will unveil the investors for the refineries,” the minister said smoothly, typically. “When we came onboard, the refineries were not working but as we speak, we have sizeable investment portfolio for them to an extent that we don’t know who to partner with for the investment.”
nSight1 is a nanosatellite designed and built in South Africa and is one of 28 nanosatellites from 23 different countries launched on 18 April 2017 from Cape Canaveral in Florida, USA. nSight1 was onboard a Cygnus cargo spacecraft, United Launch Alliance Atlas V rocket en route to the International Space Station (ISS). The next milestone is the orbit injection into low-Earth, between 200km and 400km, which is scheduled for 25 May 2017; subject to ISS operations.
A pioneering East African audit and professional services firm is adding value to its services by automating processes and harnessing the cloud.