Africa Business, Author at AfricaBusiness.com

17Oct

By Africa BusinessNo Comments

Business

When Ethical Business Practices Emerge as a Powerful Competitive Advantage

Customers today are more informed than ever, making ethical business practices essential. According to PWC, 83% of consumers believe businesses should actively work to improve social and environmental issues. This reflects a significant shift in consumer expectations, where people increasingly hold companies accountable for their impact on the world. Ethical practices are now a decisive competitive advantage, driving consumer loyalty, attracting top talent, and ultimately boosting a company's bottom line. This post explores how prioritizing ethics can translate into tangible business benefits and long-term success. Consumers Want More Than Just the Products They Buy Today's consumers are savvy. They're not just buying products but investing in brands that align with their values....

16Oct

By Africa BusinessNo Comments

African News, Business

MIGA and ATIDI collaborate to streamline African investments

Associations consent to second three-year arrangement to scale and imitate fruitful organization models. The agreement will establish a method for evaluating progress and outcomes, as well as joint marketing efforts to enhance cooperation and investigate new investment opportunities. The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group Guarantees, and the African Trade & Investment Development Insurance (ATIDI) have signed a three-year partnership to accelerate foreign direct investment throughout Africa. The two organizations have reached a second agreement to maximize development impact. Through the World Bank Group guarantee platform, the two organizations will collaborate by utilizing ATIDI's insurance and guarantee product expertise across t...

15Oct

By Africa BusinessNo Comments

Energy, Nigeria News

PAM Africa Hosted Inaugural PAMDAY Event Showcasing Innovations in Renewable Energy

Lagos event highlighted groundbreaking solutions aimed at addressing Africa’s energy challenges In a significant step towards addressing the continent's energy needs, PAM Africa successfully hosted its inaugural PAMDAY event at the PAM Centre in Lagos yesterday. This highly anticipated gathering brought together top professionals and stakeholders in the renewable energy sector to showcase PAM Africa’s latest innovations. The PAMDAY event featured a diverse array of activities aimed at highlighting the company's flagship innovations, including PAM Solar, So-Cool, Net Zero Village (NZV), PAM-Ai, and Solar Battery Hub. Each innovation is designed to tackle specific energy challenges faced across Africa, from enhancing access to cooling to optimising energy consumption through AI technology....

15Oct

By Africa BusinessNo Comments

Fintech, South Africa News, Startups

THE RISE OF FINTECH INNOVATION IN SA: GOING BEYOND PAYMENTS TO TRANSFORM ACCESS AND OPPORTUNITIES FOR STARTUPS

By Annelene Dippenaar Two decades ago, a startup or small business had limited options when it came to processing transactions, with cash being the only option for many. Startups by their very nature also lacked credit histories, making it difficult to apply for finance, and leaving them vulnerable to unaffordable loans when seeking financial support to fund their business needs. Today, the picture is very different, with access to digital finance platforms, management tools, and mobile banking transforming how these businesses can operate. According to the Centre for Strategic and International Studies (CSIS), digitalisation has enabled 700 million people in developing countries to gain access to formal financial services between 2011 and 2014, with 62% of adults having a bank or mobile...

15Oct

By Africa BusinessNo Comments

Energy, Interview, Kenya News, Main

Kenya’s Renewable Energy Development Prospects

Exclusive Interview with Dr. Ajay Mathur, Director General of the International Solar Alliance (ISA), which is one of its one-of-a-kind multilateral organizations established to catalyze global solar growth. Dr. Ajay Mathur reveals the specifics of renewable energy development in Kenya, explains possible prospects, and talks about investment decisions in this area. What investment strategies can Kenya adopt to achieve its ambitious energy goals? Achieving Kenya’s nationally determined contribution (NDC) target of reducing greenhouse gas emissions by 30% by 2030 relative to business-as-usual levels will require a concerted effort to put its energy sector on a low-carbon trajectory, particularly in light of the country’s economic development goal of attaining middle-income status i...

15Oct

By Africa BusinessNo Comments

South Africa News

Aleph Group and MTN collaborate to create novel local advertising opportunities

Aleph Group has been appointed as MTN Ads' sales partner by MTN's Digital Services, Africa's largest mobile operator's advertising division. This essential association will empower publicists to use MTN's immense first party information to empower exact crowd focusing, while at the same time taking advantage of center telco channels like SMS and stages like Ayoba, an across the board super application created by the MTN Gathering. "It's a remarkable recommendation on the lookout; one that incorporates our rewards-free, data-free, and device-independent solutions. According to General Manager Jason Probert, "This combination enables businesses to drive immediate engagement regardless of content or user journey, with measurable attribution." At MTN South Africa, we have digital services. ...

15Oct

By Africa BusinessNo Comments

Business, Ghana News

How Athletes’ Skills are Helping Build a More Adaptable Workforce and Contribute to Economic Development in Ghana’s Oil Sector

By David Lavallee and Ruth Lavallee In a previous article [1] we outlined how human capital is expected to soon surpass financial capital as a key driver of economic development within the oil sector, coinciding with a widening global skills gap in the industry. To help contribute to a solution, we partnered with the Ghana Chamber of Bulk Oil Distributors to research how skills that elite athletes develop through sports can progress economic development in the oil sector. In the first phase of our research [1], we showed that elite athletes transitioning from the sport of football to the oil sector bring valuable skills, including: Collaboration and Communication Leadership and Strategic Planning Decision-Making and Risk Management Negotiation, Creativity, and Emotion...

15Oct

By Africa BusinessNo Comments

South Africa News, Tech

Securing South Africa’s public sector requires the right mindset alongside robust technology

South Africa’s public sector has emerged as a prime target for cybercriminals following a spate of cyber-attacks on state-owned enterprises (SOEs) and government institutions. Cybersecurity specialists at ESET Southern Africa, say more robust security measures and greater awareness among public sector workers are needed to help close the gaps in cybersecurity. One of the most significant issues in the public sector is the lack of comprehensive security management. The public sector, and municipalities in particular, remain one of the most unmanaged environments when it comes to cybersecurity. Although most entities have basic antivirus systems in place, these solutions are inadequate for the scale and complexity of their operations and often miss other critical elements which are necessar...

15Oct

By Africa BusinessNo Comments

Energy, Mozambique News

Innovating Mozambique’s Energy System Through Technical Capacity Enablement

According to a recent McKinsey report, global energy demand is projected to rise substantially, potentially increasing by up to 18% by 2050, largely driven by emerging economies, including Africa. Despite this growth, per capita energy consumption in these regions is expected to stay below that of developed markets due to ongoing energy efficiency initiatives. Additionally, technological advancements, including AI and the expansion of data centres, are anticipated to play a major role in fuelling the global increase in energy demand. Mozambique has the largest power generation potential of all Southern African countries, with the capacity to generate 187 GW of power from coal, hydro, gas, solar, wind, and other renewable sources, according to Deloitte’s Africa Energy Outlook Report 2024. ...

15Oct

By Africa BusinessNo Comments

Energy

URGENT ACTION NEEDED TO MITIGATE ENERGY BLACKOUT THREAT TO FOOD SUPPLY CHAIN RESILIENCE IN AFRICA

The Global Cold Chain Alliance (GCCA) is calling for urgent policy action to allow temperature-controlled logistics operators in Africa to boost food supply chain resilience in preparation for future energy blackouts and load-shedding. The call comes as GCCA Africa publishes a new report which shows the adverse effects of blackouts and load-shedding on the temperature-controlled storage and transportation operations which are critical to food and pharmaceutical supply chains. The report, ‘Strengthening Cold Chain Resilience Amid Rolling Energy Blackouts aka Load-shedding’, was commissioned by the Advisory Committee of the Global Cold Chain Alliance Africa, and conducted by Tutwa Consulting Group. The report shows that the resilience of the cold chain is threatened by energy challenges su...