WeWork, the leading global flexible space provider, today announced a franchise partnership with SiSebenza, a pan-African real estate investor, giving SiSebenza the exclusive right to operate WeWork’s existing locations in South Africa. The deal also grants SiSebenza exclusive rights to grow and operate the WeWork franchise in Ghana, Kenya, Mauritius and Nigeria. The franchise partnership […]
Author Archives: Africa Business
Business, South Africa News
Shopping for sustainability: online stores and e-commerce merchants answer growing consumer demand
While 92% of South Africans say sustainability is important to them, only 58% claim to live sustainably according to a 2022 study by global consumer insights agency InSites Consulting. It’s clear South Africans want to make a change; they just don’t know where to start. That’s where online retailers and e-commerce merchants come in, says Steffen Burrows, CURBON co-founder and director. The […]
Angola News, Ethiopia News, Ghana News, Kenya News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Senegal News, South Africa News, Startups, Zambia News
MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)
MultiChoice shortlists 11 start-ups to pitch for international funding and take their small businesses to the next level At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the African continent. In recognition of the critical […]
In the second half of 2022, the South African Reserve Bank (SARB) announced it has its sights set on stricter regulations for the South African payments ecosystem “to ensure financial stability in a world of increasingly innovative and disruptive technology”. Though some new fintech players winced at the thought, it is a necessary move if […]
Loadshedding in South Africa has become the norm and will continue for at least two more years but another problem has arisen due to these prolonged blackouts and that is an interruption in water supply. When the stages of loadshedding are higher (stage 6 and 8) and there is no electricity for four hours or […]
South Africa News
How South African small businesses and traders can up their game for financial success
The better financially educated business owners are, the stronger the foundation of their business will be. Financial literacy has been proven to not only affect both saving and investment behaviour, but also debt management and borrowing practices. Financially savvy traders and SMEs are more likely to accumulate wealth, get better returns on investments, and cover emergency expenses. […]
News
Habits That Shaped Influencer Jason Borkland and Helped Him See the Wild and Almost Unimaginable
Jason Borkland is a man of multiple talents. On any given day, you will see him on the riskiest of expeditions, snorkeling with sharks, weaving through the sky on heliskiing excursions, or simply traveling and exploring the wonders of the world. And while he’s at it, he makes sure to capture everything to share with […]
South Africa News, Tech
New outlook on skills development can solve CTO headaches and fast-track coding careers in 2023
By Jessica Hawkey, Managing Director at redAcademy As 2023 begins in full swing, we can all be forgiven for feeling as though we have been on a seemingly endless roller coaster during the past year. However, despite the surprises and shocks, one thing remained consistent throughout 2022 and is predicted to be one of the […]
Leading Cleantech company becomes Africa’s first solar company to provide quality energy access for Africans. PAM Africa, a renewable energy company that provides quality energy access through Solar PV, Grids, Batteries, and Innovation, has today announced the launch of their Net-Zero Villages – a groundbreaking approach that consists of a community that is designed with […]
Our workplaces are changing rapidly, with organisations redesigning their spaces to be more flexible and hospitable, moving to accommodate hybrid work practices, or simply relocating to downsize. While the reasons for moving are clear, there is often an inconsistent understanding and implementation of change management, which can result in overwhelmed employees, reduced productivity, and the […]
Education in the online space was brought into sharp focus during the COVID-19 pandemic and the COVID-19 and barriers to participation in education in South Africa, 2020 report released by Statistics South Africa showed the scale of the challenge in that only 11.7% of schools offered remote learning options, nationally. Most households did not have […]
As the world gradually emerges from the ruins of the recent economic recession, the search continues for the next hotspot for global commerce. Emerging markets in Africa, Latin America, and the Middle East are being viewed as possible new engines of economic growth. Amid the hot debates and ponderings, the case for Africa has grown […]
Global law firm Baker McKenzie has received GFC Media’s Bonds, Loans & ESG Capital Markets Africa Banking & Finance Legal Adviser of the Year award for 2023. The firm also advised on four Deal of the Year transactions, showcasing the firm’s impressive multi-jurisdictional client mandates in Africa. The firm advised on the following Deal of the Year winners: The […]
Business
Positive operating result for both Air France and KLM thanks to significant increase in revenues and transformation efforts
Air France-KLM has confirmed that the company has bounced back from two years of massive losses as a result of the Covid-19 pandemic, returning to profit. The company confirms Strong Group capacity ramp up at 85% compared to 2019 with load factor at 84% Group revenues at €26.4bn, with highest fourth quarter revenues in history. […]
With phishing, ransomware and other cyberattacks on the rise in South Africa, appropriately budgeting for cybersecurity is a must, as the benefits of having strong measures in place far outweigh the assumed expense of digital security, says Steve Flynn, Sales and Marketing Director at ESET Southern Africa. With a shortage of experienced cybersecurity personnel in South […]
As the International Chamber of Commerce (ICC)’s Court of Arbitration celebrates its 100th anniversary this year, President Claudia Salomon describes the organisation’s African ambition: to become the number one choice for dispute resolution and prevention services for African businesses – and to establish a major presence on the continent. A first focus for the Court’s Africa […]
Real Estate, Zimbabwe News
West Property set to contribute massively to premium luxury housing in Zimbabwe
West Property Zimbabwe is a leading property developer making waves in the Zimbabwean real estate industry. The company is well-known for providing premium luxury housing at an affordable price, contributing massively to the country’s standards of real estate. The company has undertaken several projects that showcase their commitment to providing high-end luxury to their clients. […]
Nigeria: What next for West Africa’s powerhouse? With elections approaching, change is afoot in Nigeria. Keen to pursue new opportunities and drive the country forward, what does the future hold for one of Africa’s largest economies? Following her recent visits to the country, Marie El-Hawat, Associate Director, Anglophone Africa at British Arab Commercial Bank (BACB) […]
African News, Business
M&A Resilience Predicted in 2023, Despite Economic Uncertainty – According to 2023 Global Trends Report from Lex Mundi
Lex Mundi, the world’s leading global network of independent law firms, has gathered intelligence from member law firms across 71 jurisdictions to analyse recent and upcoming trends for its latest Global M&A Trends Report. A majority of M&A practitioners worldwide remain optimistic about the prospects for mergers and acquisitions in 2023. Despite concerns about the […]
The U.K.-based Forex broker FxPro has been operating in the Contracts for Difference and Spread Betting markets since 2006. Today, the firm serves customers with more than 1,866,000 accounts in 173 countries, and its Tier 1 capital stands at €100 million. FxPro claims widespread recognition as a dependable broker. Several agencies including the FCA, CySEC, […]
YAOUNDE, Cameroon – Cameroonian Traditional dishes may be falling out of favour in the Central African country, but that is if one fails to factor in this new initiative: Generations: Partners of Progress (GPP) and the African Investment Corporation (AIC) are working together to begin the process of standardizing and codifying Cameroonian cuisine [and later African], thereby […]
By Nonhlanhla Ntuli Eskom recently announced the implementation of stage six loadshedding and the National Energy Regulator of SA approved an 18.65% tariff hike by Eskom for the 2023/24 financial year. This as government has pleaded with consumers to reduce their electricity consumption. According to the EskomSePush app, the struggling power utility implemented 3 776 hours […]