The seventh edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will run from 13-17 February at the Eko Convention Center in Lagos. The event will offer a host of B2B networking and partnership opportunities to drive regional collaborations through a week-long programme of activities. The conference will be hosted by the Petroleum […]
Author Archives: Africa Business
Blockchain Research Institute Africa Making Strides in Levelling Financial Playing field Africa has an enormous cash and informal trade economy, however, at the root of many challenges that Africa currently faces is financial exclusion. An alarming 900 million are unbanked in Africa due to numerous challenges, including accessibility to banks, occupation barriers, financial limitations, gender issues, and […]
Many South Africans face the prospect of a tough 2023. Inflation is the highest it has ever been, and the repo rate has steadily risen with more increases expected in the near future. Further stress is applied to the majority of consumers through (regular) significant increases in both petrol and diesel prices which not only […]
New online tool helps brands classify the scale of risk from a crisis within just three minutes Nothing tests an organisation quite like a crisis. In a global crisis management survey conducted by Deloitte, 34% of businesses that have already experienced a crisis say the most important lesson they’ve learned is to have better systems […]
Startups
eWAKA Secures a 500 000 CHF Loan from Swiss State Secretariat for Economic Affairs (SECO) Start-up Fund
eWAKA (https://eWAKA.tech/), one of Africa’s most promising sustainable mobility startups, has received strategic support from the State Secretariat for Economic Affairs (SECO) Start-up Fund of the Swiss Confederation. SECO Start-up Fund has offered a 500,000 CHF loan that will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative and sustainable mobility […]
White sandy beaches, crystal clear waters, delicious drinks and scorching hot days is usually what comes to mind when someone mentions the word ‘vacation’. However, there is so much more of the world to explore than simply embarking on island getaways. For many, visiting one of the major cities in the world is an ideal holiday destination and something tourists should consider on their next […]
Fintech, Senegal News, Startups
Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022
Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with +8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23% Partech Africa, the […]
Business, South Africa News
Senzo Tsabedze’s 7 Things to expect in the Fleet Management sector in Africa in 2023
2022 was a progressive year in the fleet management industry worldwide with several companies regaining their usual momentum that was disturbed by COVID-19 from early 2020 into 2021. Today, we get an expert forecast on what we should expect to happen in the fleet management sector this year in Africa from Senzo Tsabedze. Senzo Tsabedze […]
Field operations apps are invaluable for businesses, allowing project managers to connect with field technicians, streamline operations, and improve customer service through timely and quality service. They offer companies a way to make their services more efficient, reliable, and cost-effective. However, for these apps to be successful, the right and up-to-date technologies must be in […]
Fintech, Nigeria News
Touch and Pay [TAP] launch Cowry card cashless fare collection technology on new LRMT Blue Rail Line
500,000 Lagosians set to benefit as Nigerian startup becomes first local company to unify rail, bus and ferry via contactless cards Touch and Pay Technologies [TAP], a Nigerian fintech company and leading processor of micro-transactions in Africa, announced today that for the first time, rail passengers across Nigeria’s largest city, Lagos, can access the newly launched […]
Energy, Events, South Africa News
Energy to shape the economic future of Africa’s automation and manufacturing industries
SA’s leading trade conference looks for real answers to hard questions from industry experts The importance of energy security in shaping South Africa’s economic future is a key focus at the Africa Automation and Technology Fair (AATF), the continent’s most comprehensive and focused automation platform. Taking place between 9-11 May 2023 at the Johannesburg Expo Centre […]
African News, Main
United States and Africa: increased engagement regarding trade creating opportunities in the African free trade area
By Virusha Subban, Partner Specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie Johannesburg There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the […]
Energy, Uganda News, Zambia News
Evaluating the Continued Need for Liquidity Instruments for IPPs as ATI Closes Phase 1 of its Regional Liquidity Support Facility (RLSF)
By Obbie Banda – Underwriter | Acting RLSF Coordinator, African Trade Insurance Agency (ATI) The African Trade Insurance Agency (ATI) issued the fifth policy under its Regional Liquidity Support Facility (RLSF) in support of the 7.8 MW Nyamwamba II Run-of-the-River hydropower plant in Uganda on 19 May 2022; closing Phase 1 of RLSF, a liquidity instrument jointly founded […]
Cybersecurity has become an increasingly important aspect for modern businesses and individuals alike. Cybercriminals are taking advantage of modern technology to stay ahead of security teams across organizations. This has led to a surge in attacks. Of course, the COVID-19 pandemic contributed greatly to this accelerated rise in cyber attacks, but the stage was already […]
Senegal News, Startups
11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp Africa
Africa’s leading tech Accelerator, Startupbootcamp AfriTech (www.Startupbootcamp.org), together with founding partner and leading telecom giant, Telecel Group (https://TelecelGroup.com) have selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program (ASIP) (https://ASIProgram.com). The intrinsic value of startups in Africa lies in their ability to build fast and effective solutions to pressing challenges. Over the […]
Events, Startups
RiseBack founder speaks about Affordable University Education and impact on global economy at the launch of Asian African Chamber of Commerce
Startup Edtech RiseBack is empowering African, Middle East & American students and professionals with Affordable University Education from India starting at $75 per month On Saturday January 21st 2023 Asian African Chamber of Commerce & Industry (AACCI), a bilateral chamber with presence in Africa & Asia launched their Maharashtra chapter and announcement of Brajesh Kumar […]
Digital certificates are an essential part of any business’s security measures. They provide a secure, encrypted connection between users and websites and ensure that all data is transferred safely. Read on to find out five reasons your business should use digital certificates. What is a Digital Certificate A digital certificate is an electronic document that […]
African News, Main
Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report
Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s Macroeconomic Performance and Outlook (http://bit.ly/3iLJF4C) […]
Rixos Premium Seagate and Rixos Sharm El Sheikh kick start the brand-new year by hosting an Indian Wedding, and it is notable it was the first time it happened in the history of the land of the Pharaohs, Egypt. Positioning the Rixos properties as an opulent and world-class wedding venue, it is a perfect inception […]
By Catherine Wijnberg When times are troubled and uncertain, businesses need to evolve and remain competitive. Developing a change strategy process can be overwhelming but it does not need to be complicated. Here are four easy steps to a change strategy process that will give your business purpose and direction: Set your intention Create quiet, calm time to assess the […]
PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) platform provider, gives a rundown of what to look out for. 1. Fraud protection is no longer optional It’s hard […]
Real Estate, South Africa News
South African proptech leaders Flow secure $4.5 million in funding to enable the global property industry
South African proptech innovators Flow have secured $4.5million (+-R78 million) in funding at the conclusion of their pre-Series A investment round – the single largest investment in the country’s proptech sector at that stage and amongst the highest in African proptech funding history. The investment will see co-founders and co-CEOs Gil Sperling and Daniel Levy drive the […]