Africa is making progress towards industrialization, with 37 of 52 countries becoming more industrialized over the past eleven years, according to a recent report. The African Development Bank, African Union, and United Nations Industrial Development Organization teamed up to produce the report, which shows that some African countries are making significant strides in developing their […]
Author Archives: Africa Business
By Paula Mokwena, CEO at Fireball Capital The global venture capital (VC) ecosystem is no stranger to the common challenge that female entrepreneurs face – lack of funding. Research by the World Bank shows that for every $1 invested in women, $25 goes to men in the African startup space1. This is the case across all regions […]
Find out the latest information about this inspiring Euro-African co-innovation programme. The 6th edition of EMERGING Valley – the international summit dedicated to African innovation – will be held on Tuesday November 29, 2022 in the majestic setting of the Palais du Pharo in Marseille. More than 2,000 participants, 150 startups and 50 investors from 70 countries […]
South Africa News
South African assets may be cheap, but that’s not a good enough reason not to invest offshore
By Mart Marie de Jongh, Certified Financial Planner at GraySwan and Gregoire Theron, Chief Investment Officer The investment world’s fixation on global inflation and whether we are approaching the peak and heading towards a recession, has many investors sitting on cash, waiting for signals of a better market. Despite this, investing in South Africa presents […]
The TechCabal Insights report has shown that there has been an increase in the number of tech acquisitions in Africa, with a total of 43 deals by the end of Q3 2022. This indicates a consolidation trend and shows that the tech market is maturing. VC investment has hit a plateau in the last quarter, […]
Business
An update on free trade in Africa – the Guided Trade Initiative, regional value chains and measures for sustainable trade
By Virusha Subban, Partner Specialising in Customs and Trade and Head of Tax, Baker McKenzie, Johannesburg The AfCFTA Guided Trade Initiative (GTI) is the latest development designed to boost trade in the Africa’s continent-wide free trade zone. The GTI was launched in October 2022 with the aim of testing meaningful, continuous trade under AfCFTA and […]
South Africa possesses ore reserves amounting to a value of more than US$2.5 trillion, with 16 commodities ranked in the top ten internationally. In such an important and high-value sector of the economy, it’s easy to see why the mining industry is a frequent target for malfeasance of all kinds – from deceptive suppliers to tender fraud. […]
The Kenya Plastics Pact has published a list of problematic and unnecessary plastic items to be eliminated in Kenya. This adds to the already existing Government’s plastic bag ban that came into force in 2017, and the ban on selected single-use plastic items in protected areas since June 2020. The priority list supports a collective plan to […]
Black Friday has gone from being a uniquely American event to a near global phenomenon, and, like all consumption at scale, it has environmental consequences. The upside: There’s a new way for online retailers and consumers to reduce their environmental impact, says Steffen Burrows CURBON Co-founder and Director. In trying economic times, Black Friday offers some genuinely […]
How one small business beat the odds and secured a coveted contract with Shoprite Checkers By Terrena Rathanlall, Fetola SME Media Portfolio Manager You could be forgiven for thinking that the Instagram story about the businessman with the flashy car and mansion in the background is a realistic depiction of entrepreneurship. It could not be […]
One in five Gen Zers (21%) go to social media for investing advice. Older generations prefer online news and blogs for trading tips. Just 3% of South Africans use a Certified Financial Planner. Commentary from Finder.com’s investment editor Kylie Purcell. Social media is the go-to source for share trading advice among young adults in South […]
African News
Experts say there are several factors in the workplace that could be causing staff to leave their jobs
There are many factors to consider when it comes to staff turnover – but while some may be inevitable, such as retirement, a change in career, or even moving away, others can be controlled. Employee wellbeing experts Loopin have highlighted six of the major factors in the workplace that could lead to a high staff […]
Schools of America – education information The best private schools in America are very popular: here the ambitious and talented students find a favorable environment for the full disclosure of their potential. The studying takes place according to balanced programs that pay equal attention to the development of academic and personal qualities, the children study […]
African News
Retailers Can Drive Commerce Experiences Via Mobile Messaging, New Clickatell Research Shows
Clickatell (www.Clickatell.com), the Chat Commerce and business messaging leader, announced the results of its latest Chat Commerce Trends Report: Retail Edition, which reveals new findings about how today’s consumers prefer to communicate and make purchases with retail companies through mobile and chat messaging conversations. The report, which fielded responses from over 1,000 participants, found that 95% of […]
The Scale Accelerator: Women’s Empowerment Programme is now open for applications from local NGOs in Malawi, South Africa, Zambia, and Zimbabwe addressing issues related to women’s empowerment. This is a fully-funded scaling consultancy program that will provide support to selected organizations as they work to increase their impact. The Scale Accelerator: Women’s Empowerment Programme provides […]
Business, Events
Exhibitions are a key facilitator of trade in Africa and are crucial to the continent’s economic recovery
As a continent, Africa presents significant investment and trade opportunities for global businesses. The borderless markets created by the African Continental Free Trade Area (AfCFTA) are valued at around $3.4 trillion in GDP, providing a unique and valuable platform for businesses to access an integrated market of over 1.3 billion people and in turn boost […]
By the end of 2022, world leaders will be halfway towards the 2030 deadline of achieving the 17 Sustainable Development Goals (SDG) of ending poverty, fighting inequality, and stopping climate change. However, seven years on and countries across the globe are on track to accomplish almost none of them[i]. This is no different in Africa […]
Being an entrepreneur is no easy feat, but with a clear plan, passion and hard work – a lot is possible. As we enter Entrepreneurship Month, we speak to entrepreneurs from different fields and industries about their success and ask them their key tips on achieving greatness! From Ignite Fitness’ CEO, Schalk Hugo and internationally […]
Medicine, South Africa News
Trends in global healthcare shifts the focus to innovative skills development
Over the past two years, global healthcare systems have faced significant disruption and strain due to the Covid-19 Pandemic. During this time, the skills and dedication of nurses and doctors – as frontline workers – have been highlighted. These skills now face a further, possibly bigger, challenge. How do we translate these skills into an […]
Radisson Hotel Group is rapidly expanding its presence in Africa, with nearly 100 hotels and 16,000 rooms in operation and under development. In the last two years alone, the Group has opened over 16 hotels and secured over 25 new hotels, representing more than 4,800 additional rooms. This puts the Group on target to reach […]
Energy, Kenya News, Nigeria News, Togo News, Zimbabwe News
‘Green affordable power in Africa is a must’ says new Power Up coalition at COP27
More than 600 million African people go without access to electricity, and more than 900 million are without safe cooking facilities. At the COP27 climate summit now happening in Egypt, Power Up – a new campaign with over 45 member organisations, is amplifying marginalised African voices in pursuit of funding for green affordable energy, particularly for frontline organisations powering […]
Energy, Mozambique News
Renewables are the best option for Mozambique’s power mix, finds Wärtsilä report
Wärtsilä is a global technology group that has a lot of experience with African energy markets. In their study, they looked at two separate scenarios for expanding the Mozambican power system. The aim was to assess the financial and environmental impact of one key parameter: how much renewable energy capacity should be built in each […]