Fairtrade will raise its Minimum Price for coffee in an effort to strengthen protections for coffee farmers around the world amid the intensifying impacts of climate change and growing global economic volatility, the social justice organization today confirmed. The new Fairtrade prices, which come into effect for contracts signed as of 1 August 2023, will […]
Author Archives: Africa Business
By Joshua Raphael, Founder & CEO of Parket It is widely accepted that Africa’s potential is likely to be unleashed through widespread and sustained digital transformation. In other words, technology, and the innovative solving of complex problems, will catapult the continent into global competitiveness. This is not just theoretical, it is likely, and this is […]
They ability of engine power plants to run on green hydrogen fuel rather than gas or heavy fuel oil will be a key enabler of Africa’s renewable energy ambitions. The technology group Wärtsilä and WEC Energy Group have successfully tested the capabilities of a Wärtsilä engine running on 25 vol% hydrogen-blended fuel. The tests, which […]
African News, Tech
New report shines spotlight on e-mobility innovators unlocking access to the US$3.65bn motorcycle market in sub-Saharan Africa
More than 90% of electric motorcycles sold in sub-Saharan Africa are imported from China and India and are not built for African conditions Electric motorcycles are set to be a dominant force in sub-Saharan Africa’s sustainable mobility transformation, but continued investment in start-ups tackling barriers across the value chain will be critical to maximise the […]
by Snorre Westgaard Humana People to People has played a vital role in the fight against TB over the last few decades. With grants from Governments and international partners complemented with funding from members of Humana People to People, we have made good strides. The thousands of passionate people on the ground can rightly feel […]
58 entrepreneurs from the SAB Tholoana Enterprise Programme created 237 new jobs and sustained 435 jobs during the pandemic and post-pandemic period By Fundiswa Nkwanyana Small businesses are playing a vital role in creating jobs despite their challenges. The past two years have been difficult for entrepreneurs. because they had to overcome challenges caused by the global Covid-19 […]
Events, Fintech
7th Edition Connected Banking Summit East Africa – Innovation & Excellence Awards 2023 Concludes with Resounding Success
The Summit brought together the best and brightest minds in the banking, financial services, fintechs and techfin sectors. The event, which took place on 7th March 2023, featured insightful speakers, award-winning companies, and top-notch sponsors. Attendees were treated to a range of informative sessions, covering topics such as digital transformation, cybersecurity, and risk management. The […]
Through the Sustainable Inclusive Business (SIB-Kenya), the Kenya Private Sector Alliance (KEPSA) has released a report dubbed “Change the Story: Developing a Local Carbon Market in Kenya”. The report describes the current situation, reflects on the opportunities for a Kenyan carbon market, and comes just days after the 2023 Earth Hour celebrations. It has been […]
Adrian Pillay, VP of Middle East & Africa at Provenir Fintech in Africa is coming into its own. According to KPMG data, there was a record $1.6 billion in fintech investment across the continent in 2021, across 153 deals, and at two times the value of 2020, which hit US$800M. From East to West and […]
by Marc Thiriet, Director, Africa, Wärtsilä Energy Africa’s ability to leapfrog traditional power systems and adopt renewables on a massive scale is not a fantasy. In-depth studies from Wärtsilä have demonstrated that with the adequate support of flexible power technologies, ambitious renewable energy objectives in Africa are not only achievable, they also represent the soundest and cheapest […]
While tech continues to revolutionise the property industry and change the way people find their homes – now via social media – the industry also needs to follow social media trends to capitalise on the global shot in the arm that proptech has given it. More and more property practitioners are turning to short-form video […]
Inaugural Global Money Transfer Index surveys 30,600 consumers in 20 countries across the Middle East, Africa and Asia Pacific; Index voices consumers’ international money transfer preferences for today and tomorrow as they navigate global headwinds. As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in their current and future […]
When it comes to hotel development across Africa, Egypt and Marriott are the two phenomena to watch. This insight comes from this year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent. The survey, conducted by […]
Amazon Web Services (AWS), the cloud computing division for the world’s largest e-commerce retailer, Amazon, continues to strengthen its footprint in Africa with a call-for-applications from early-stage startups to join their inaugural edition of the AWS FinTech Africa Accelerator. This program is hosted by AWS’ globally-recognized Startup Loft Accelerator, but unlike other cohorts, this edition […]
Ashlin Perumall, Partner, Baker McKenzie Johannesburg In March 2023, the South African Reserve Bank (SARB) announced the launch of PayShap, a real-time rapid payment platform that is aimed at offering safer, faster and significantly more convenient payment options for South Africans. PayShap is the outcome of an industry-spanning collaboration, driven by BankservAfrica, the Payments Association […]
Radisson Hotel Group (https://www.RadissonHotels.com), one of the fastest-growing hotel companies in Africa, plans to strengthen its robust African presence in 2023 further with the opening of eight new hotel already confirmed to date. The Group aims to reach 150 hotels within the next five years across the continent, reinforcing Africa as a key growth market. With […]
Since its launch in November last year, the artificial intelligence chatbot ChatGPT has had a massive impact in just a few short months. Already, some schools have banned it as students quickly employed the bot to take shortcuts in their schoolwork, while debates rage on whether the bot will or won’t replace copywriters. It can also write code – so well, […]
Main, South Africa News
United for Wildlife brings South African private sector leaders to the front line of the fight against wildlife crime
Frontline conservation organisations joined the private sector and law enforcement in South Africa this week in a conference to tackle illegal wildlife trade across the region. Attended by leaders from government, business, law enforcement and NGOs, the two-day event came hot on the heels of recent commitments from the US Treasury to form a United […]
Every business needs to grow. It does not, however, need to consistently achieve extreme profit margins and beat the previous quarter’s results repeatedly. So long as your business is profitable, then you’re doing wonderfully. However, this does not mean you can keep things the same for years to come. Markets change, new tools arise, and […]
Fintech
Omnisient Wins Most Innovative Financial Inclusion Technology Award for Enabling Credit Access to the Unbanked in Africa
Omnisient, the South African FinTech that uses advanced analytics to enable the rapid discovery and monetization of data for financial inclusion, has won the Most Innovative Financial Inclusion Technology of the Year at the Africa Bank 4.0 Awards 2023. The award ceremony, held in Nairobi, Kenya, recognizes companies and individuals that have made a significant […]
Hong Kong, Asia’s leading business destination and the gateway to Mainland China and Asia, is stepping up its efforts to attract African business, with the opening of an InvestHK representative office in Africa. InvestHK, the department of the Hong Kong Special Administrative Region (HKSAR) Government responsible for Foreign Direct Investment, has a presence in 33 […]
The adage ‘jack of all trades, master of none’ is apt for enterprises considering expansion into new African markets. Anthony Karingi, Vice President of Business Development – East Africa at leading fintech enablement partner Ukheshe, says the company is taking a collaborative approach to its regional expansion strategy – and is already reaping the benefits. “As […]