Author Archives: Africa Business
Despite worldwide changes, multinationals focus on mobile workforces to support career growth and ensure global competitiveness
Mercer’s annual Cost of Living Survey finds African, Asian, and European cities dominate the list of most expensive locations for working abroad
While Africa’s cities are growing rapidly in population, they are developing informally as current urban planning has proven to be ineffective, and private development is often deterred by opaque or inappropriate regulations
The sixth meeting of the Continental Free Trade Area Negotiating Forum (CFTA-NF) was held from the 5th to 10th of June 2017, in Niamey, Niger, followed by the third meeting of the Senior Trade Officials (STO) and the African Ministers of Trade (AMOT) from 12th to 14th and 15th to 16th June 2017 respectively.
Digital transformation continues to transform the businesses landscape, affecting business strategies, operations and the development of products and services. Emmanuel Tita Sama, Global Account Director, West & Central Africa, Orange Business services, explains the importance of aligning IT strategies with business operations.
Seychelles: Economic growth reached 4½ percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector
On June 2, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Seychelles.
The Moroccan Agency for Solar Energy (MASEN) has shortlisted 5 consortia to bid for the phase 1 of the 800 MW Noor Midelt solar power complex. Noor Midelt is the first complex that specifies hybrid plants including both CSP and PV. Total capacity is expected to reach 400 MW, of which 150 to 190 MW would be provided by CSP with with minimum of 5 hours storage.
The consortiums officially pre-qualified are:
Access to funding is a thing of the past for entrepreneurs and small business owners, who have tied up R1 billion in advances from small business lender Retail Capital.
- The IMF estimates 2016 growth to stagnate, with a muted recovery envisaged in 2017, as the weaker fiscal position weighs heavily on the outlook.
- Significant fiscal adjustment is needed to ensure macroeconomic stability and debt sustainability.
- Structural reforms to address the lack of skilled workers, simplify business regulations, and strengthen the institutional environment have the potential to boost investment and employment.
An International Monetary Fund (IMF) staff team led by Mr. Geremia Palomba visited Mbabane from June 7-19, 2017, to conduct the 2017 Article IV Consultation discussions with Swaziland.
Youth Innovate for SDGs contest will award one young African with $750 to fund innovative initiatives for children
In honour of the Day of the African Child, Reach for Change Africa has launched its annual innovation contest that asks youth to pitch innovative ideas that could improve African children’s lives while working towards the UN’s 2030 Sustainable Development Goals (SDGs).