Fairtrade will raise its Minimum Price for coffee in an effort to strengthen protections for coffee farmers around the world amid the intensifying impacts of climate change and growing global economic volatility, the social justice organization today confirmed. The new Fairtrade prices, which come into effect for contracts signed as of 1 August 2023, will […]
Category Archives: African News
African Business News
African News, Tech
New report shines spotlight on e-mobility innovators unlocking access to the US$3.65bn motorcycle market in sub-Saharan Africa
More than 90% of electric motorcycles sold in sub-Saharan Africa are imported from China and India and are not built for African conditions Electric motorcycles are set to be a dominant force in sub-Saharan Africa’s sustainable mobility transformation, but continued investment in start-ups tackling barriers across the value chain will be critical to maximise the […]
by Snorre Westgaard Humana People to People has played a vital role in the fight against TB over the last few decades. With grants from Governments and international partners complemented with funding from members of Humana People to People, we have made good strides. The thousands of passionate people on the ground can rightly feel […]
Hong Kong, Asia’s leading business destination and the gateway to Mainland China and Asia, is stepping up its efforts to attract African business, with the opening of an InvestHK representative office in Africa. InvestHK, the department of the Hong Kong Special Administrative Region (HKSAR) Government responsible for Foreign Direct Investment, has a presence in 33 […]
Authored by ONE in Africa Executive Director Serah Makka & ONE in France Director Najat Vallaud-Belkacem After the withdrawal of French forces from Mali and more recently from Burkina Faso and responding to the – rightly – growing demands of his Sahelian and sub-Saharan allies, President Macron has called for a new relationship with Africa. […]
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 […]
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 […]
African News, Events, Interview
MENA region is fastest growth area globally for arbitration as better way to solve business disputes
As the International Chamber of Commerce’s Court of Arbitration celebrates its 100th anniversary, President Claudia Salomon tells Africa Business how this global organisation has seen its highest growth in recent years in the MENA region. In the last 10 years, the number of parties coming to the ICC Court has tripled, with parties from the […]
By Virusha Subban, Partner specialising in Customs and Trade, and Head of Tax, Baker McKenzie, Johannesburg Africa is the world’s top producer of numerous critical mineral commodities. With the rapid increase in the rate of global energy transition, the continent’s mining industry has a role to play in sourcing and supplying these critical minerals for […]