Category Archives: Business
Running a successful business can be quite challenging, yet rewarding. The opportunity to bring abundance and solutions to your community will make you feel like you are making a great contribution to society.
- Chairmen of stock exchanges in Nigeria, Pakistan and Kenya joined EFG Hermes Frontier CEO, Ali Khalpey for a panel discussion on the second day of the London Conference
- The panel noted the importance of regulation in driving liquidity into frontier markets
- All three markets are expecting active IPO pipelines following a period of political and economic instability
On the second day of the largest investor conference in the UK, the 7th Annual EFG Hermes London Conference, Ali Khalpey, EFG Hermes Frontier CEO, joined by Geoffrey Odundo, CEO of the Nairobi Securities Exchange; Haroon Askari, Acting Manager Director of the Pakistan Stock Exchange and Oscar Onyema, CEO of the Nigeria Stock Exchange, and current President of ASEA, for a panel discussion that looked at measures to enhance liquidity in frontier markets that are looking to grow investment.
According to Bloomberg, eight (8) out of ten (10) small businesses fail within the first eighteen (18) months of operation. As surprising as this may seem, the figures may even rise in the next decade as millennials keep launching ideas and businesses. Working with over 200 Micro, Small, and Medium Enterprises in an emerging economy, Challenges Ghana – through its business support services programme, International Citizen Service – has noticed that a clear trend which inhibits business growth is Leadership and Management – as opposed to lack of capital. Deficiencies in leadership and management rank highest as the most frequent reasons for businesses to fail. A business that is well managed prospers; one that is not, fails.
Zimbabwe’s economic crisis and financial difficulties are making cryptocurrency trade the new dawn in the payments and flow of money. With the huge liquidity issues here and there, most people have resorted to using bitcoin for transactions, especially for international trade and payments. This has also yielded results of increasing bitcoin prices – with a current trade price of about 9,000 USD against global trade price of about 5,000USD. The countries famous trade platform for bitcoin, Golix, says there is a higher demand than the supply within the cryptocurrency industry in Zimbabwe. She furthered to mention that Interest in bitcoin has peaked as people cannot send money outside or pay for international transactions using formal banks. Mobile money and other alternative means of transaction are not being fruitful.
A passionate African-American and a founding member of the US-Africa Chamber of Commerce, is leading a group of international investors to invest in Africa towards boosting the continents economic status. The investment will be targeted towards the technology sector to promote the agricultural sector, increase agro-value chain, strengthen education, and other developmental sectors. Technology is on the rise in Africa, and it is no surprise that such an inspiring move has been made in the sector. The group of international investors is currently looking at an investment of 1 billion USD in South African and larger African economies.
Equity crowdfunding is presenting an opportunity for businesses to grow their market without putting all their cash and savings into investments. Existing hurdles that inhibit the ability of the average Black American to invest in African businesses have been eliminated. Now, Equity crowdfunding allows any American adult to invest in any business (including start-ups) with any small amount of money. This is a beautiful opportunity for the majority of African American to invest any amount, even $10 into African businesses and benefit from the economic boom of start-ups across Africa. The new methodology also permits consumer influencers to make contributions towards which business gets funding from investors.
A leading Scottish charity has met with Ghana’s High Commissioner in a bid to improve trade between the two countries. Challenges Worldwide, which is based in Edinburgh and runs a business consultancy programme in Ghana, says it is now working with the GHC to further develop business opportunities between Ghana and Scotland.
An A.M. Best analysis of the global reinsurance industry under the rating agency’s updated Best’s Credit Rating Methodology (BCRM) and its new building block approach revealed that approximately two-thirds of the rated population have the strongest category of balance sheet strength, and that no companies in the entire population fell below the strong category.
On behalf of the World Food Prize Foundation, Akinwumi Adesina – the President of the African Development Bank (AfDB), has been named as the 2017 World Food Prize Laureate by Kim Reynolds Governor of the State of Iowa. Akwinwumi Adesina, upon receipt of the award swiftly dedicated the prize to strengthening food security in Africa through financial support for agricultural entrepreneurs. Receiving the award, the African hero was accompanied by the former president of Ghana – John Dramani Mahama, and former president of Nigeria – Olusegun Obasanjo.
As trade and investment are growingly becoming the language between Africa and other countries across the globe, South Africa and Iran are ready to explore the benefits of business collaborations within the automotive, agriculture, agro-processing, mining, energy, pharmaceuticals and, oil and gas sector. Delegations within these sectors in Iran will be visiting South Africa for the South Africa-Iran Business Forum at the Department of International Relations and Cooperation (DIRCO) offices in Pretoria. The Forum is largely spearheaded by South Africa’s Department of Trade and Industry (the dti) and will look into issues such as investment, trade, and economic development for both countries through a mutual relationship.
Cryptocurrency still seems to be a tough concept to understand following its launch in 2009. Heading to a decade now, cryptocurrency has gained its root across the globe. While some countries have gone ahead to adopt their own cryptocurrencies, Bitcoin stands tall as the most popular cryptocurrency – having 40 percent of the total cryptocurrency market. As difficult it is for a layman to understand this concept, it is also very difficult to explain to a traditional finance person. However, individuals and businesses do not necessarily have to fully understand the concept of cryptocurrencies before enjoying the benefit. CEX.IO has built a long reputation in Bitcoin trade and enhancing a gradual understanding of its client to fully comprehend the concept of cryptocurrencies.