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Category Archives: Business
Business
African News, Business
How Africa Trades by Professor David Luke wins BCA African Business Book of the Year
David Luke, Professor in Practice and Strategic Director at the Firoz Lalji Institute for Africa at the LSE, wins the prestigious award for his book How Africa Trades at the BCA African Business Book of the Year Awards.
Twiva Ltd, Kenya’s pioneering AI-driven and influencer-powered social commerce platform, is celebrating a significant milestone after winning two prestigious accolades at the Kenya E-commerce Awards held at the Movenpick Hotel. Twiva proudly announces its victories in the E-commerce awards, bagging at 1st place, the Top Rising Star, Ecommerce Award and at first runner-up position, for the Best Social Commerce Platform; categories.
African countries saw 15 credit rating downgrades and only 4 upgrades to their sovereign bonds last year, says leading specialty (re)insurance group Chaucer.
Analysis from The ONE Campaign finds that just 1.1% of Africa’s vaccine supply actually comes from Africa, with Asia providing over half and Europe over one-third of Africa’s vaccine supply.
The global talent acquisition landscape is evolving rapidly. This dynamic region has become an attractive destination for companies seeking highly qualified specialists at competitive prices.
Your business is more than just numbers on a balance sheet. In today’s dynamic business landscape, a company’s success is not merely about crunching numbers and filing taxes—it’s also about strategic decision making, planning for the future and identifying opportunities for growth.
“Coming together is a beginning, staying together is progress, and working together is success.” Henry Ford.
Innovative project shows how the skills of former football players are helping progress economic development in the downstream oil sector in Ghana.
Africa has the world’s lowest use per capita of modern energy. As its population and incomes grow, demand for modern energy continues to expand.
African News, 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.
African News, Business
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.
Last year, the world was abuzz with commentary around the final season of the popular HBO series, Succession. The show follows the ruthless battle between three siblings as they vie for the position of heir to their father’s media empire.
Africa’s Leading Early-Stage VC Surpasses Target for Its Second Fund, TIDE Africa II, Focused on Seed & Series A Companies
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.
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 (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.
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.
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.
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.
This piece discusses the critical shift from omnichannel to ambient technology and the need for retailers to ground their aspirations in reality.
Upuli De Abrew, Director at Insight Consulting explains why the synergy of business and IT will be key to harnessing Africa’s full potential.