Africa Business, Author at AfricaBusiness.com

25Apr

By Africa BusinessNo Comments

Main

An inter-connected African aviation industry could deliver USD $29bn in direct revenue

AviaDev, Africa’s premier event dedicated to developing connectivity to, from and within the African continent, in conjunction with partners, MIDAS Aviation and Futureneers Advisors have estimated the potential revenue from new African aviation routes could yield USD $29bn in direct revenue. This revenue, which is more than the individual GDP’s of 70% of the countries in Africa, could be realised if the largest airports in each African country are connected with one another. Currently, only 33.7% of this huge market is served, meaning that there is over USD $19bn in untapped annual revenue. AviaDev, now in its fourth year brings together airports, airlines, tourism bodies and suppliers and customises one-to-one meetings so that new partnerships and routes can be created. AviaDev’s manag...

Investments into the South African hospitality sector

25Apr

By Africa BusinessNo Comments

Africa Travel, South Africa News

Investments into the South African hospitality sector

JLL has released its 2019 SA Hotel Investment Outlook report forecasting that R1.9 billion will be invested into new hotels, and around R6.9 billion in total over the next three years. This translates into 3,900 new rooms across South Africa. The report highlights that there has been a clear shift in the way that capital is being deployed into the hotel sector, with a number of opportunistic and disruptive activities driving this increase in development activity. Despite the uptick in new development, the hotel sector has not been spared from poor macro-economic headwinds in recent years and performance has been challenging, with revenue per available room declining 1.4% for during 2018. Poor levels of business confidence and pressure on government travel has been the primary reason for th...

Smart housing prototype shows promise in rapidly urbanizing Africa

17Apr

By Africa BusinessNo Comments

Real Estate

Smart housing prototype shows promise in rapidly urbanizing Africa

Africa is urbanizing fast, as its population grows and many flocks to cities in search of jobs, education and healthcare. Studies show that hundreds of millions more Africans will live in cities over the next three decades. Many of these new urban Africans, however, are likely to end up in informal settlements. Already an estimated 200 million Africans live in informal settlements—often without access to energy and sanitation. The growing class of urban poor need access to decent housing. But the challenge is that the global housing sector already emits almost a third of global greenhouse gas emissions and uses up to 40 per cent of the planet’s total resources. New approaches are clearly needed. As the housing sector grows—and it must grow if we want an equitable world—we need to reduce ...

Africa: A Traveler’s Guide to the Destinations and Hotels of the Second Largest Continent

9Apr

By Africa BusinessNo Comments

Africa Travel

Africa: A Traveler’s Guide to the Destinations and Hotels of the Second Largest Continent

Africa is the second largest and second most populous continent in the world. It covers an area of 30,370,000 square kilometers and has a huge population of 1.2 billion. It is right behind the Asia continent in terms of both population and area. Algeria and Seychelles are Africa’s largest and smallest countries respectively. Nigeria is the most populous and South Africa, Kenya, Egypt, Ghana, Morocco, are some of the other populous countries or dependent territories located in Africa. Lagos, Cairo, Johannesburg, Dar e Salaam, Casablanca, Nairobi, Accra, are some of the largest cities of Africa. Africa is experiencing growth in its economy. It is the world’s second fastest growing economy, and tourism is one of the main factors for that impressive growth. An amount of above 30 million touris...

Quantum, AI turns computing into a ‘loaded gun’

1Apr

By Africa BusinessNo Comments

Tech

Quantum, AI turns computing into a ‘loaded gun’

Biggest-ever DevConf opens with warning on ethics in new world of computing Quantum computing and AI and machine learning are dramatically changing the face of computing, presenting the risk of a range of unintended consequences. This is according to Cliff de Wit, former chief innovation officer at Microsoft and now the CTO and co-founder of Metrofile group’s Dexterity Digital, who was addressing the opening of the annual DevConf developers’ conference in Johannesburg this week. De Wit said developers had moved from using low level building blocks to composition tools and high end platforms, quantum computing was fundamentally changing computing, and AI and machine learning were reversing traditional programming models. “Machine learning starts with a model, you feed in a sample output and...

Improved housing doubles in Sub-Saharan Africa

1Apr

By Africa BusinessNo Comments

African News, Botswana News, Gabon News, Main, Real Estate, Tanzania News, Zimbabwe News

Improved housing doubles in Sub-Saharan Africa

A new study led by the London School of Hygiene & Tropical Medicine, Imperial College London and Malaria Atlas Project, University of Oxford has revealed that improved housing had doubled on the African continent between 2000 and 2015. The study published in the “Nature International Journal of Science” is the first accurate estimate of urban and rural housing quality in sub-Saharan Africa and was done using state-of-the-art mapping. While highlighting the positive transformation in the region, the prevalence of improved housing doubling from 11% in 2000 to 23% in 2015, the study also estimates that 53 million urban Africans (in the countries analyzed) still lived in slum conditions in 2015. Lead author Dr. Lucy Tusting, from the London School of Hygiene & Tropical Medicine who co...

22Mar

By Africa BusinessNo Comments

Africa Travel, Angola News

Angola: From War to Wildlife Beauty

Angola, a country which has been within the grasp of heavy war for decades. Angola got her independence in the year of 1975. But another dark era was waiting for them. Just after achieving their independence in 1975, the civil war began lasted till 2002, which means for almost 27 years! But the best part is, within a very short period of time Angola has become one of the best places in the sector of wildlife beauty. This country is one of the safari destinations in Africa. The government has taken many initiatives to save the wild animals especially the Elephants. They are trying to lessen the threat of illegal hunting by ending poaching and ivory trafficking. The wild animals were used as foods during the civil war. As the war has ended, thus the government has decided that it is high tim...

Africa needs policies to protect its economies from vulnerabilities

21Mar

By Africa BusinessNo Comments

Main

Africa needs policies to protect its economies from vulnerabilities

Mr. Elhiraika said Africa’s growth is projected to remain strong, moderating around 3.2% in 2018, but expected to recover to 3.4% in 2019 and 3.8% in 2020 African countries need policies that can help build resilience, raise potential growth and inclusiveness if the continent is to achieve the sustainable development goals and aspirations of Africa’s Agenda 2063. This was said Wednesday by Adam Elhiraika, Director of the Macroeconomics and Governance Division of the Economic Commission for Africa (ECA) in his presentation to the 38th meeting of the Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development in Marrakesh. Mr. Elhiraika, who gave an overview of Africa’s recent economic and social development performance, said the continent also b...

18Mar

By Africa BusinessNo Comments

Business, Main

Why Invest In Chicken Production in Africa

Living in a Sub-Saharan can be a lot harsh. In a country full of barren lands it can be hard to relocate a source of protein, making a product like chicken hard to come by as the people of general cannot afford it, making it available to only a specific line of affluent people. Why is it difficult As mostly unexplored the Sub-Saharan hold potential opportunities for development that is if operated properly. Maybe we will see Africa fully independent and fully developed in the days to come. But life in the Sub-Saharan does not favor its occupants. The majority of the people live under the poverty line making it difficult for them to purchase a product like chicken. Poultry is a necessary source of protein in a place like Sub-Sahara. So living under the poverty line does not help when protei...

Doing Business in Top 5 Cities of South Africa

26Feb

By Africa BusinessNo Comments

Business, South Africa News

Doing Business in Top 5 Cities of South Africa

Easy of Doing Business in Thekwini (Durban) Easy of Doing Business in Cape TownSouth Africa is a country of a mixed economy. It has a relatively high gross domestic product than other countries in Africa. Despite having a mixed economy and high GDP, South Africa has a problem of poverty and unemployment. Business is a great way to be economically stable. It is such a profession that should be moved with a great strategy regarding various situations. South Africa needs such entrepreneurs for making the economy more strongly. So in this article, we are going to discuss doing business in South Africa's top 5 cities. Doing business in Cape Town Cape Town is the number one South African city when it came to the ease of doing business according to the latest World Bank research report on Doin...