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Tourism an apex industry

by Unathi Sonwabile Henama on May 19, 2016



The Tourism Indaba is the premier travel exhibition show on the African continent, hosted in the Indian Ocean city of Durban. The tourism industry has gained political mileage with the introduction of the visa regulations last year on the 01 June, which were later revised after intense lobbying by the tourism industry. The voice of …Read More

Leicester City, and Tourism South Africa

by Unathi Sonwabile Henama on May 19, 2016



Leicester City have been crowned English Premier League (EPL) champions, creating an unlikely Cinderella story. Leicester City has been now confirmed as the 8th wonder of the world. Leicester City, who rose from likely relegation to league champions in just one season, are owned by Thai billionaire Vichai Srivaddhanaprabha, who arranged their visit to Thailand …Read More

South Africa: Rates unchanged, but upside risks remain

by Francois van der Merwe on May 19, 2016



By Francois van der Merwe, Head of Offshore Investments at Novare The rand touched its weakest level in two months following the South African Reserve Bank Monetary Policy Committee’s decision to leave interest rates unchanged. The Reserve Bank’s decision to keep rates steady was widely anticipated, given that consumer price inflation figures released earlier this …Read More

New United Nations study finds digital payments to Ebola response workers saved lives and $10 million

by Africa Business on May 19, 2016



Mobile phones serving as digital “wallets” for payments to response workers proved an invaluable tool in Sierra Leone’s response to the Ebola crisis, according to a new study from the United Nations-based Better Than Cash Alliance (BetterThanCash.org). With economic instability, natural disasters and political conflict now taking place at unprecedented rates, the new research offers …Read More

Young Ghanaian builds footwear company with a difference

Young Ghanaian builds footwear company with a difference

by Africa Business on May 19, 2016



Ghanaian Mabel Suglo (21) is the young social entrepreneur behind EcoShoes, a company that employs people with disabilities to manufacture eye-catching shoes and accessories from discarded tyres and recycled materials. Her business is based in the city of Kumasi. She started the company in 2013 when she was just 19, and two years later has …Read More

How a 17-year-old started a poultry business in the slums of Dar es Salaam

How a 17-year-old started a poultry business in the slums of Dar es Salaam

by Africa Business on May 19, 2016



Sirjeff Dennis was five when he witnessed a neighbour lose her seven-month-old son. Living in the slums of Tanzania’s capital city Dar es Salaam, the mother had spent much of her pregnancy hungry and her son was born underweight and too weak to survive his first year. His death hit Dennis hard and created a …Read More

Why every investor should think about adding offshore investments to their portfolio

by Africa Business on May 19, 2016



The recent volatility of the rand, with experts predicting further weakness, as well as extended low growth in local markets, has led many investors to cast their eyes offshore. No investment should be made on sentiment or emotion alone, so what exactly constitutes a considered approach to offshore investing? “Short-term currency fluctuations should not be …Read More

The young Zimbabwean with a free online classroom for students

The young Zimbabwean with a free online classroom for students

by Africa Business on May 19, 2016



“My vision is to see an Africa that is free from poverty. This can only be achieved if we, as business people, take the front role in empowering our people.” This is the view of Farai Munjoma, the 19-year-old social entrepreneur behind a new e-learning platform in Zimbabwe, called Shasha Iseminar. The site offers A-level high …Read More

Nigerian and SA reserve banks on track with payments infrastructure

Nigerian and SA reserve banks on track with payments infrastructure

by Africa Business on May 18, 2016



Tim Masela from the South African Reserve Bank and Dipo Fatokun from Central Bank of Nigeria spoke to Sido Bestani, Head of Middle East, Turkey & Africa, SWIFT, during the 23rd SWIFT African Regional Conference today about various initiatives both banks have implemented to develop payments infrastructure. Tim Masela, Head of National Payment System Department, …Read More

Sub Saharan Africa Power Summit 2016

Sub Saharan Africa Power Summit 2016

by Africa Business on May 18, 2016



October 2016, Cape Town, South Africa http://www.ssapower.com/

2016 Africa Insurance & Reinsurance Conference

2016 Africa Insurance & Reinsurance Conference

by Africa Business on May 18, 2016



28th – 29th June, 2016 Nairobi, Kenya Website: http://www.aidembs.com/insurance_conference/

SWIFT’s messaging traffic grows by 12.5 percent in Africa

by Africa Business on May 18, 2016



Figures released ahead of SWIFT’s 23rd African Regional Conference show Africa has outperformed the total growth of SWIFT globally with significant traffic increase across securities and treasury markets Data from SWIFT shows that Africa’s traffic growth has outperformed the total growth of SWIFT globally. In the year to date, total message traffic volumes grew by …Read More

4th Africa Palm Oil Value Chain 2016

4th Africa Palm Oil Value Chain 2016

by Africa Business on May 18, 2016



Organizing Company: Centre for Management Technology Event Name: 4th Africa Palm Oil Value Chain 2016 Date of Event: 01-02 Sep, 2016 State/Country: Abidjan, COTE D’IVOIRE Event Venue: to be advised Event URL: http://www.cmtevents.com/main.aspx?ev=160931&pu=267434 Contact Name: Ms. Hafizah Adam Email Address: hafizah@cmtsp.com.sg Telephone Number: +65 6346 9218

South African Industry has New Infrastructure Opportunities in Sub-Saharan Africa If They Take Long-Term View

by Africa Business on May 18, 2016



In the face of growing international competition in Sub-Saharan Africa, South African-based companies need to take a long-term strategic view of the region and how best to take advantage of the opportunities presented by the demographic, industrial and energy evolution that is taking place. “Low commodity prices have tempered the desire of many companies to …Read More

E-commerce paving its way in the Untapped Ethiopian Market

by Eden Sahle on May 18, 2016



Ethiopia is rapidly growing its communications infrastructure, with broadband fiber optic cables and 4G networks rolling out internet in Addis Ababa to popularize e-commerce among other services. E-commerce in its simplest sense is trading electronically. E-commerce brings the benefits of cost effective product promotion, timely and consistent information, better customer service and relationships, customization of …Read More

Ethiopian Airlines Became the Giant Economic Wing

Ethiopian Airlines Became the Giant Economic Wing

by Eden Sahle on May 18, 2016



The multi award winner giant, Ethiopian airlines contributes to economic development by enabling the movement of passengers and goods across borders, generating revenue to the country’s economy; registering an average growth of 25% for the past seven years. Commercial airports have a huge economic impact in Ethiopia meeting the travel needs of business and leisure …Read More

A united African approach, policy support for entrepreneurship and increased efficiencies needed to confront the impact of megatrends

A united African approach, policy support for entrepreneurship and increased efficiencies needed to confront the impact of megatrends

by Africa Business on May 18, 2016



Industry leaders discussed the key issues facing the continent and how best to mitigate their impact at SWIFT’s African Regional Conference. Mauritius, 18 May 2016 – The opening plenary of SWIFT’s 23rd African Regional Conference today brought together industry leaders from across Africa to discuss the most important issues facing the continent. Recurring themes from …Read More

Morocco’s Noor hybrid projects extend the reach of CSP

by Heba Hashem on May 18, 2016



Morocco is following in Chile’s footsteps with two new solar hybrid complexes that will maximize synergies and optimize the cost per kilowatt hour. Visit http://www.csptoday.com/menasol/ and get a deeper view on how to secure developments, win bids and deliver profitable solar projects. The first of these independent power projects, Noor Midelt, is envisioned as a …Read More

“Every Kenyan” has had to pay bribes – Odinga tells Al Jazeera

“Every Kenyan” has had to pay bribes – Odinga tells Al Jazeera

by Africa Business on May 16, 2016



The former Kenyan Prime Minister, Raila Odinga, admitted to Al Jazeera English’s Mehdi Hasan  that “every Kenyan”, including himself, has had to pay a bribe to get things done. “The question is ‘when’, it’s not ‘if’” he quipped. While in government, Odinga was “offered bribes” but said that he always “resisted” taking them. He added …Read More

Annoucing the Africa Insurance & Reinsurance Conference 2016 to be Held in Nairobi Kenya

by Africa Business on May 16, 2016



The 6th Annual Africa Insurance & Reinsurance Conference 2016, is scheduled to be held in Nairobi Kenya on the 28th – 29th June 2016 http://aidembs.com/insurance_conference/

Africa’s growth: Meltdown or slowdown?

by Africa Business on May 15, 2016



Measuring potential and progress: the Africa Attractiveness Index Economic growth across the region is likely to remain slower in coming years than it has been over the past 10 to15 years. The International Monetary Fund’s (IMF) baseline projection for 2016 is now down to 3%, from what was a forecasted 6.1% in April 2015(1). The …Read More

Africa’s CEOs look to innovation and technology to stimulate growth in uncertain global economic environment

by Africa Business on May 15, 2016



In Africa’s boardrooms growth is on the agenda – together with addressing stakeholders’ expectations and concerns and managing the pipeline of talent. Business strategies of companies include the growing of regional operations, investing in and developing innovative and technological products and services, and strengthening of internal management structures. These are some of the key highlights …Read More

Africa Regional Integration Report 2016

Africa Regional Integration Report 2016

by Fikrejesus Amahazion on May 15, 2016



A Summary Last month, the inaugural edition of the Africa Regional Integration Index was released. The index, which is the “product of a strong collaboration on the part of the African Union Commission (AUC), the African Development Bank (AfDB) and the [UN’s] Economic Commission for Africa (ECA),” is made up of several broad dimensions of …Read More

Consumer Goods Forum Global Summit convenes in Cape Town from 15th- 17th June

Consumer Goods Forum Global Summit convenes in Cape Town from 15th- 17th June

by Africa Business on May 11, 2016



- Delegates to explore theme of ‘Seizing opportunities in the face of disruption’ – Programme features a range of not-to-be-missed presentations by some of the world’s most influential business leaders, including Tesco CEO Dave Lewis, The Coca – Cola Company CEO, Chairman Muhtar Kent and Daniel Zhang, CEO of Alibaba Rising stars entrepreneurs recognised for …Read More

Stanford University Business Program Takes Root in East Africa

Stanford University Business Program Takes Root in East Africa

by Africa Business on May 10, 2016



Building on the success of its program in West Africa, Stanford Seed (gsb.stanford.edu/seed/home), the Stanford Institute for Innovation in Developing Economies, has announced the launch of the Seed Transformation Program in East Africa (gsb.stanford.edu/seed/transformation-program/east-africa). In May, the first group of promising business leaders selected by Stanford Seed will gather in Nairobi to begin a 12-month …Read More

Key Trends of Lucrative Tourism Industry

Key Trends of Lucrative Tourism Industry

by Eden Sahle on May 10, 2016



The market for the hospitality industry has folded. Globally, the cost of traveling is declining, allowing more people to travel to new places. At the same time the tourism sector is predicted to employ over six million people in sub-Saharan Africa by 2021 and over the next decade, the sector will create 347 million jobs …Read More

A month after Panama Papers, South Africa commits to end anonymous companies

by Africa Business on May 10, 2016



JOINT CIVIL SOCIETY RELEASE ECONOMIC JUSTICE NETWORK – FINANCIAL TRANSPARENCY COALITION – TAX JUSTICE NETWORK – AFRICA CAPE TOWN—Just one month after the Panama Papers hit newsstands, the South African government has committed to tackling the very type of hidden ownership that was central to many offshore structures scrutinized in the months-long investigation. On the …Read More

DRC Mining Week 2016, 8 – 9 June

by Africa Business on May 10, 2016



Visit the DTI pavillion at DRC Mining Week 2016, 8 – 9 June, Lubumbashi, DRC http://www.drcminingweek.com/

Africa Singapore Business Forum Returns 24-25 August 2016

by Africa Business on May 9, 2016



International Enterprise (IE) Singapore’s Africa Singapore Business Forum (ASBF) is the premier platform for fostering investment, trade and thought leadership between Asia and Africa. It is slated to return 24-25 August for the fourth time. This year’s keynote speaker is Mr Tharman Shanmugaratnam, Deputy Prime Minister of Singapore & Coordinating Minister for Economic and Social …Read More

Power Distribution & Metering Conference (PDM) West Africa 29 June- 1 July 2016 Nicon Luxury Hotel, Abuja, Nigeria

Power Distribution & Metering Conference (PDM) West Africa 29 June- 1 July 2016 Nicon Luxury Hotel, Abuja, Nigeria

by Africa Business on May 9, 2016



“The premier niche forum for the electricity distribution and metering industries in the West African sub-region” The Power Distribution & Metering West Africa (PDM-WA) Conference and Exhibition is the first-ever, uniquely focused, and niche electricity transmission & distribution (T&D) and metering forum. It is specially designed for and dedicated to distribution companies (DISCOs) and the …Read More

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