Africa Business, Author at AfricaBusiness.com

Why Zanzibar is the Best Beach Destination in Africa

3Sep

By Africa BusinessNo Comments

Why Zanzibar is the Best Beach Destination in Africa

Also referred to as the Spice Islands, Zanzibar is more than just an itinerary. The unique features of this enchanting island and UNESCO World Heritage Site makes it a dream destination for any tourist looking to have a hell of a time living the easy life and just chilling. The swaying palm trees, coral reefs, pristine white sand beaches, and turquoise blue Indian ocean presents a unique vibe that only Zanzibar can deliver. The outdoor activities are some of the best you’ll ever experience and will leave you with a more profound appreciation of watersports. Another key reason Zanzibar continues to top the list of best beach destinations in Africa is that it is a gateway to the surrounding scenic safari destinations - Serengeti National Park, Ngorongoro Conservation Area, Tarangire National...

How Much Money Do I Need To Start Trading Forex

28Aug

By Africa BusinessNo Comments

Forex

How Much Money Do I Need To Start Trading Forex

The quickest and the probably least helpful answer to this question is a fixed amount; say $500 for example. Many brokers do set a minimum amount required to open a Forex trading account. But if you want a more practical answer, then it gets a bit more complicated! This is because part of how much money you need to start trading Forex depends on what you are trying to achieve with Forex trading. It all also depends on a number of other factors, including your personal circumstances, trading style, and strategy among others. First, let’s address an issue that most tend to gloss over: risk management. This is generally the factor that separates successful FX traders from the rest. And how much money you have in your account plays an active role both in mitigating risk as well as shaping your...

Innovative funding models in EduTech help to eliminate skills shortages

22Aug

By Africa BusinessNo Comments

Science, South Africa News, Startups

Innovative funding models in EduTech help to eliminate skills shortages

According to the latest figures released by Stats SA, South Africa’s unemployment rate jumped to a staggering 29% in the last quarter - the worst it’s been since 2008. The unemployment rate for the youth in particular is one of the highest in the world – currently sitting at 56.4%. With all eyes on government to curb the growing unemployment rates, President Ramaphosa has remained steadfast in his call to corporates to absorb more of the youth into the workforce. With the increased focus on how the country will lead the fourth industrial revolution on the continent, most notably in his last State of the Nation Address, Ramaphosa reaffirmed that skills and education was high on the new administration’s list of priorities. The high-tech industry is set to be expanded, by making sure that leg...

28Jul

By Africa BusinessNo Comments

Africa Travel, Ethiopia News, Interview, Main

Hospitality industry development in Africa.

Interviews with global business leaders. Join Mark Willis, Chief Executive Officer, Middle East & Africa, Accor at #AHIF from 23-25 September 2019, Addis, Ethiopia. He will be speaking at our regional leader's panel to discuss Accor's growth strategies in Africa, having 143 hotels across the continent and another 60+ to open in the next 36 months. "Marriott International is a leading operator in Africa with 20,000 keys in 20 countries and 14,000 keys under development" - Alex Kyriakidis, President & Managing Director, Middle East & Africa, Marriott International. Join him at #AHIF from 23-25 September in Addis, Ethiopia. Africa is the place to be and for the next 10 years, it will be one of the fastest growing developing markets for the hospitality industry” - Filippo Sona M...

The key Moroccan start-up support players come together to promote a competitive innovation ecosystem in Morocco

9Jul

By Africa BusinessNo Comments

Morocco News, Startups

The key Moroccan start-up support players come together to promote a competitive innovation ecosystem in Morocco

In the last 3 years, start-ups have been generating a growing interest in Morocco among public institutions, international organizations and corporates. At the African level, startups have managed to attract more than $1 billion in investments from international venture capital players in 2018, which clearly demonstrates their economic and societal impact. Today, Morocco has the ambition to build a competitive start-up ecosystem, and start-up support structures will play a key role in achieving this objective. In France, for example, 200 million euros of financing have been injected into incubators and accelerators to position the country in the international start-up scene. In this context, the Moroccan Start-up Ecosystem Catalysts (MSEC) association aims at tackling the common challenges...

The Best Tourist Attractions In Kasese Region

12Jun

By Africa BusinessNo Comments

Africa Travel, Uganda News

The Best Tourist Attractions In Kasese Region

Kasese is ideally the main commercial center in Kasese area. It is located in western side of Uganda and it lies north of Lake George. The town became famous at the time of copper mining at Kilembe and later the attention was taken to cobalt mining. This remarkable town also comes with amazing history for the Uganda railway that runs from Kasese to Kampala and then continues to Tororo. Kasese receives the largest number of tourists given its stunning environment and other big commercial centers. This district features more than 533000 people with 54000 people who live within the main town alone. It covers an area of about 3389.8 square kilometers. It is one of the fastest developing districts in Uganda when it comes to tourism activities and attractions. Kasese belongs to the Rwenzuru king...

How Local Tribes Can Benefit from Tourism

8Jun

By Africa BusinessNo Comments

Africa Travel

How Local Tribes Can Benefit from Tourism

A visit to the tribal people and indigenous communities in Africa has seen a significant rise in itinerary inclusions over the years. Rightly so! Not only will you enjoy a nice variety to your time with mother nature, but also benefit from an educational experience that helps break down barriers, overcome stereotypes, and create an environment for mind-blowing perspective building. The tribes themselves can benefit from the economic boost that tourists provide. Today this type of visit is referred to as tribal tourism. There’s a myriad of reasons to be interested in this kind of tourism. Many travelers view it as a unique educational opportunity, a practical way to learn more about the world and its ancient traditions. For some, being around indigenous cultures ensures a more memorable, au...

African elephants under continued threat of poaching, warns UN-backed report

10May

By Africa BusinessNo Comments

African News, Main

African elephants under continued threat of poaching, warns UN-backed report

An updated assessment by a United Nations Environment Programme-administered treaty has confirmed that poaching continues to threaten the long-term survival of the African elephant. Based on the Proportion of Illegally Killed Elephants data, or PIKE, the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has evaluated the levels of illegal killing through MIKE, the acronym for the Monitoring of Illegal Killing of Elephants programme. MIKE has calculated that illegal killing is the chief cause of death for elephants. Evidence reveals that PIKE levels peaked in 2011 when an alarming 10 per cent of African elephants were poached, before steadily declining through 2017. That level has remained relatively unchanged throughout 2018. Such high PIKE levels are ...

Egypt heads the Africa hotel development top ten

9May

By Africa BusinessNo Comments

Africa Travel, Egypt News

Egypt heads the Africa hotel development top ten

With more than 15,000 rooms in the pipeline The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11th annual survey by W Hospitality Group, acknowledged as the industry’s most authoritative source. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. A total of 75,155 branded rooms in 401 hotels are in development across the whole of Africa – a net increase (ignoring recent openings and taking in to account deals that have not come to fruition) of almost 11,000 rooms in the pipeline, 17% up on 2018. W Hospitality Group’s Hotel Chain Development Pipelines in Africa survey had a record 43 international and regional hotel contributors t...

A Thorough Assessment of Johannesburg – The City of gold

25Apr

By Africa BusinessNo Comments

Africa Travel, South Africa News

A Thorough Assessment of Johannesburg – The City of gold

Located in the second largest continent Africa, Johannesburg is the largest city of South Africa. It is the most populous city of South Africa as well. It is known as the city of gold, the modern day El Dorado. Popularly known as the home town of great leaders and activists like Nelson Mandela and Desmond Tutu, Johannesburg is a perfect place to visit. City of Gold Johannesburg is known as the gold city due to the massive gold deposit. During the end of the 19th century, it was open for public digging. Gold trade always existed there and has made it own place for centuries. It attracted many migrant workers due to the gold mine. After a few years, the gold deposit went under the control of mining companies. These companies were responsible for the construction of some famous buildings of...