Author Archives: Africa Business

Reshaping the Future of Real Estate for African Cities

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 read more

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CFTA Modalities on Goods and Services Adopted in Niamey

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. read more

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5 steps to achieving business IT alignment in the digital age

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. read more

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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[1] with Seychelles. read more

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Morocco shortlists 5 consortia for 800MW Noor Midelt solar hybrid CSP & PV project

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: read more

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South Africa. New Form of Funding for Entrepreneurs needing a Head Start to Grow their Businesses

Waitress behind counter in restaurant

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. read more

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IMF Staff Completes 2017 Article IV Visit to Swaziland

  • 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. read more

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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). read more

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Unveiling of the Solar Power System Upgrade of ‘Save the Rhino Trust’ (SRT)

On 8th June 2017 the Ambassador of the Federal Republic of Germany, H.E. Christian-Matthias Schlaga, and Mr. Simson Uri-Khob Chief Operations Officer of the ‘Save the Rhino Trust‘ Namibia, unveiled the 56.4 kWh ground mounted off-grid photovoltaic solar system at the Palmwag Base Station of ‘Save the Rhino Trust’ Namibia. Representatives of the German Embassy, as well as Trustees of ‘Save the Rhino Trust’ and other donors, attended the event. read more

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