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: Business
Business
Every business needs to grow. It does not, however, need to consistently achieve extreme profit margins and beat the previous quarter’s results repeatedly. So long as your business is profitable, then you’re doing wonderfully. However, this does not mean you can keep things the same for years to come. Markets change, new tools arise, and […]
By: Jacques Du Bruyn, Managing Director, Flume While the creative industry loses its collective mind about how ChatGPT, Bard and the ‘smarter’ version of Bing are going to decimate job numbers in the industry and deliver massive volumes of poor-quality work at next to no cost – and there’s plenty to be said about why […]
By Arjen de Bruin, Managing Director at OIM Consulting In its simplest form, a company’s operating model can be described as a visualisation of its business strategy. The intent of the model is to provide a clear framework or blueprint for how this strategy is executed to deliver on the organisation’s goals. But who is […]
Business, Ghana News
Yofi Grant, CEO of GIPC, is the African business personality of the year 2022, and Ghana represented by GIPC is the best FDI destination in Africa
Yofi Grant, the esteemed CEO of the Ghana Investment Promotion Centre (GIPC), has been honored with the prestigious title of African Business Personality of the Year 2022 by International Investor Magazine. This coveted award recognizes Yofi Grant’s outstanding leadership and contributions to promoting investment and economic growth in Ghana and across Africa. Furthermore, GIPC, representing […]
Business, South Africa News
WeWork and SiSebenza Announce Franchise Partnership for WeWork South Africa
WeWork, the leading global flexible space provider, today announced a franchise partnership with SiSebenza, a pan-African real estate investor, giving SiSebenza the exclusive right to operate WeWork’s existing locations in South Africa. The deal also grants SiSebenza exclusive rights to grow and operate the WeWork franchise in Ghana, Kenya, Mauritius and Nigeria. The franchise partnership […]
Business, South Africa News
Shopping for sustainability: online stores and e-commerce merchants answer growing consumer demand
While 92% of South Africans say sustainability is important to them, only 58% claim to live sustainably according to a 2022 study by global consumer insights agency InSites Consulting. It’s clear South Africans want to make a change; they just don’t know where to start. That’s where online retailers and e-commerce merchants come in, says Steffen Burrows, CURBON co-founder and director. The […]
Our workplaces are changing rapidly, with organisations redesigning their spaces to be more flexible and hospitable, moving to accommodate hybrid work practices, or simply relocating to downsize. While the reasons for moving are clear, there is often an inconsistent understanding and implementation of change management, which can result in overwhelmed employees, reduced productivity, and the […]
Global law firm Baker McKenzie has received GFC Media’s Bonds, Loans & ESG Capital Markets Africa Banking & Finance Legal Adviser of the Year award for 2023. The firm also advised on four Deal of the Year transactions, showcasing the firm’s impressive multi-jurisdictional client mandates in Africa. The firm advised on the following Deal of the Year winners: The […]
Business
Positive operating result for both Air France and KLM thanks to significant increase in revenues and transformation efforts
Air France-KLM has confirmed that the company has bounced back from two years of massive losses as a result of the Covid-19 pandemic, returning to profit. The company confirms Strong Group capacity ramp up at 85% compared to 2019 with load factor at 84% Group revenues at €26.4bn, with highest fourth quarter revenues in history. […]
As the International Chamber of Commerce (ICC)’s Court of Arbitration celebrates its 100th anniversary this year, President Claudia Salomon describes the organisation’s African ambition: to become the number one choice for dispute resolution and prevention services for African businesses – and to establish a major presence on the continent. A first focus for the Court’s Africa […]
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 […]
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 […]
Toggle Market’s B2B BNPL product Toggle Finance is aimed at SMEs seeking trade finance alternatives across multiple industry sectors, and is also available for all qualified customers of its marketplace Toggle Hospitality With a growing customer base for its trade, financing and freight & logistics services extending across Europe; the Middle East and in particular […]
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 […]
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 […]
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 […]
SML RFID, an end-to-end RFID solution provider for global retailers, has today announced the launch of part one of its State of Retail 2022/2023 report, finding that 48% of retailers believe frequently out-of-stock items cause the biggest challenge to them serving customers in today’s retail environment. With an additional half (48%) of retailers reportedly seeing improving the in-store customer experience as […]
By Sue Azari – E-Commerce Lead at AppsFlyer It is no secret that over the past few years the e-commerce industry has been constantly and rapidly evolving, with COVID-19 playing a significant role. Many retailers have experienced highs as a result of the pandemic, with consumers taking advantage of the convenience of shopping for pretty […]
By Garth Rossiter Chief Risk Officer, Lulalend The past year has not held much for the SME sector to celebrate, but I expect 2023 to be a year of growth and recovery. 2022 saw the end of COVID-19-related restrictions but, at the same time, we also experienced some of the worst levels of load shedding […]
Africa Travel, Business, Senegal News
Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity
By Lydia-Claire Halliday, Executive Director, Stakeholder Relations & Strategy, LCH Consultancy Ltd. Africa urgently needs a more extensive and robust aviation network, given the region’s relative lack of alternative long-distance transportation infrastructure The African aviation market has been underserved for a long time. Before 2020, only 9% of Africa’s air traffic was between African countries, […]
By Catherine Wijnberg One of the questions I am most frequently asked is: “How can I get funding to start my business?” Today’s Google search will give you 340 million answers to this question. But if it’s just one good answer you need, this one might help. The reality is that most new businesses start […]