Category Archives: Business

Business

Valuable insights for African companies doing business overseas – International Chamber of Commerce (ICC) Report: The Truth About B2B Cross-Border Relationships

The International Chamber of Commerce (ICC) has recently published an in-depth Report on the differences in attitude and approach around the world to commercial contracts and disputes, providing valuable insights and guidance for African businesses trading overseas.

OmniRetail Emerges First in Financial Times’ Ranking of Africa’s Fastest-Growing Companies

Omniretail, a B2B enablement platform focusing on digital infrastructure in Sub-Saharan Africa, is proud to announce it has secured the top position in the Financial Times (FT) ranking of Africa’s Fastest-Growing Companies for 2024. The ranking, now in its third year, continues to highlight the dynamism and growth of companies in sectors including fintech, renewable energy, healthcare, e-commerce, and agriculture. 

Adenia Closes Fifth Flagship Fund Oversubscribed at $470M

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap. The Fund, which was significantly oversubscribed, attracted commitments from new and existing investors globally.

Bias-free Futures: Strategies for Ethical AI Implementation

As organisations step up efforts to leverage the capabilities of artificial intelligence (AI), it is essential for both AI developers and regulators to consistently contemplate, integrate, and advocate for ethical considerations throughout the entire process. That’s according to Hope Lukoto, Chief Human Resource Officer at BCX, who points out that while AI promises a plethora of business benefits, responsible use of the technology is key to unlocking its full potential.

The African Continental Free Trade Area Investment Protocol signalled a new era in sustainable trade and investment

The African Continental Free Trade Area (AfCFTA) is predicted to increase Africa’s trade income by USD 450 billion by 2035 and will boost intra-African trade by more than 81 percent, according to a recent report by the World Bank.

The $3bn Private Credit Opportunity in Africa

Africa’s mid-market businesses, the backbone of the continent’s economic growth, can find themselves trapped in a financing void. With annual revenues typically surpassing $10 million, these companies find themselves in a precarious position – too large for microfinance, yet too small or risky for traditional banks.

How Effective Rebranding Can Redefine and Elevate Your Business

In an era where change is the only constant, businesses must adapt and evolve to stay ahead. Penquin, the brand and communication agency based in Johannesburg, is leading by example, embracing transformation with open arms. The agency recently made headlines with the unveiling of its brand-new logo and refreshed corporate identity (CI), marking a significant milestone in its journey.

Egypt and the Big 5 Dominate Hotel Development in Africa

In 2024, Egypt and the Big 5 global hotel chains—Accor, Hilton, IHG, Marriott International, and Radisson Hotel Group—lead Africa’s hotel development, capturing a market share of 28% and 71% respectively, as per the latest African Hotel Chain Development Pipeline report by W Hospitality Group. With over 92,000 rooms in 524 hotels across the continent, the report highlights a surge in resort growth and Egypt’s remarkable dominance in the market.

Traversing International Relocations: The Role of Cultural Intelligence

As the Managing Director of Crown Relocations South Africa, a leading force in international relocation, Ian Pettey has witnessed firsthand the challenges and triumphs that come with moving families across borders. International relocations represent not just a change in geography but a profound shift in culture, lifestyle, and identity. In this era of globalisation, where mobility is increasingly common, the ability to navigate cultural differences with sensitivity and understanding has become more crucial than ever.

The year of possibility: trends that will shift the accountancy landscape in 2024

Leana Van Der Merwe, Technical and Standards Executive at the South African Institute of Professional Accountants (SAIPA), provides her expert insight on the trends that will shift the accountancy landscape in 2024 and the opportunities that await the profession.

Black Business Owners Urged to Capitalize on Final Days of African Collective Global Business Month

As the inaugural year of African Collective Global Business Month enters its final week, Black Business owners are encouraged to take advantage of the special offer to have their businesses found by people around the world who are looking to support businesses owned by people of African Descent.

Digital innovation will be key for SA businesses seeking to compete in post-Amazon online retail space

With a USD 1.60 trillion market cap, the imminent intensification of Amazon’s operations in South Africa will come to shape the practices and standards that characterise and grow the domestic e-commerce landscape.

What KLM Does to Make Air Travel More Sustainable

In an era marked by an urgent need for sustainability, the aviation industry stands at the forefront of change. KLM Royal Dutch Airlines understands the gravity of this responsibility and is actively working towards making air travel more eco-friendly.

Everything you need to know about LTL freight shipping

Whether you are an entrepreneur, logistics manager, or just curious about transportation, look no further. This blog post will dive deep into everything LTL (less-than-truckload) shipping has to offer and give a crash course on what it means, how it works, and why its popularity continues to increase in today’s market. So let’s get into it.