Business Archives - Page 2 of 29

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

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...

14Oct

By Africa BusinessNo Comments

Business, South Africa News

3 strategies to maximise your Return On Ad Spend this retail season

Use first-party data to get personal in all the right ways, says Flow founder South Africa’s year-end retail season has officially kicked off, and with Black Friday, the December holidays, and Back to School campaigns around the corner, brands are under pressure to cut through the digital noise. As global giants with enormous advertising budgets expand into the local market, it’s clear that old marketing strategies won’t cut it anymore. To stay competitive, local brands need to turn to a powerful tool – one that’s already at their fingertips, according to Daniel Levy, Co-Founder of ad and data-tech platform Flow. “When it comes to connecting directly with your customers,” he says, “first-party data is the biggest weapon in your arsenal.” What is first-party data and why is it gold? F...

13Oct

By Africa BusinessNo Comments

Business, South Africa News

Unveiling Strategic Pathways to Accelerate Innovation in South Africa: BCX Releases 2024 Digital Innovation Index Report

BCX, in collaboration with EY-Parthenon, released the much-anticipated second edition of the BCX Digital Innovation Index Report at the Enterprise Forum held at the Mount Nelson, A Belmond Hotel, in Cape Town. This in-depth study delves into the core pillars of innovation—strategy, investment, operating models, skills, and culture—offering actionable insights for businesses at every stage of their innovation journey. Designed to help organisations assess their innovation strategies, the report also provides a detailed perspective on the rapidly evolving digital transformation landscape in South Africa. Melvin Reynolds, BCX's Digital Innovation lead, expressed his excitement for this year's report stating: "The second edition of the BCX Digital Innovation Index provides a benchmark for ...

8Oct

By Africa BusinessNo Comments

Business

How to simplify customer interactions for happier, more loyal customers

Kelvin Brown, Customer Operations Executive, Telviva Simplifying customer interactions can lead to happier, more loyal customers. There is more choice than ever before, meaning customers are not forced to endure a customer experience (CX) that is characterised by clutter or unnecessary friction. We’ve all experienced difficult customer experiences. Just recently, I opted to use WhatsApp to engage with a business but was channelled back and forth between channels to ultimately accept that I was number 200-odd in the voice queue. Ironically, that was the most positive outcome. How, then, do businesses get it right? It starts by balancing digital transformation with CX. Businesses are under pressure to implement digital channels and technologies such as artificial intelligence. They’ve he...

7Oct

By Africa BusinessNo Comments

Business, Nigeria News

Nigeria’s Falcon Aero Eyes Global Business Aviation Market, Showcases at Investing in Africa Conference

Nigerian Business Aviation firm, Falcon Aerospace, is poised for a rapid expansion into the global market. One of the latest indications of this is the young company’s participation in the upcoming Investing in Africa Conference (AFSIC), taking place in London from 7th to 9th October, 2024. AFSIC is the largest annual Africa investment conference taking place outside Africa. As a sponsor, Falcon Aerospace will be exhibiting and networking at the event as the company seeks investment to power its rapid growth and global expansion. The company’s CEO, Chukwuerika Achum, will also be speaking at the event. “Falcon Aero is committed to the vision of a prosperous Africa. To actualise this vision, there must be seamless connectivity of people, ideas and culture with and within the continent, an...

6Oct

By Africa BusinessNo Comments

Business, South Africa News

Cape Town’s rise as an international investment destination

The Charlotte: Embodying Cape Town's transformation into a world-class investment destination Cape Town, long celebrated for its breathtaking landscapes and vibrant culture, is rapidly emerging as a powerhouse in the global investment arena. The city's ascent is not merely a testament to its natural beauty but a reflection of strategic urban development, economic resilience, and a forward-thinking approach to international business and tourism. The recent accolades bestowed upon Cape Town - including the Best Destination in Africa in 2023 and second place in the 50 Best Cities in the World to Visit[1] - are more than just tourism honours, and signify a city that has successfully positioned itself at the intersection of lifestyle and investment opportunity. This dual appeal is driving a s...

1Oct

By Africa BusinessNo Comments

African News, Business, South Africa News, Startups

Attendees at the Oppenheimers’ South African Future Trust 2024 Summit Can Take Our Country Forward

The country’s premiere entrepreneurial showcase, the South African Future Trust Summit returns to the Sandton Convention Centre on 24 and 25 October – with more speakers, more stages, more opportunities - and a R500 000 investment prize for one stellar delegate. Headlining the event are African Leadership Academy founder Fred Swaniker; Founder & CEO of the Rehumanize Institute and co-founder & previous CEO of SingularityU Nordic, Laila Pawlak; Tasha’s Group CEO & Founder Natasha Sideris; South African songstress and motivational speaker Lira; financial journalist, speaker and author Bruce Whitfield and Veldskoen co-founder & CEO Nick Dreyer – with many more big-name presenters yet to be announced. The presenters and panellists will share their unique insights into how best...

30Sep

By Africa BusinessNo Comments

Business, Tech

Mezzan Holding transforms its financial planning with successful Corporate Planning integration

Introduction: A highly complex business Mezzan Holding is one of the leading food, healthcare and consumer conglomerates in the Middle East. With a 75-year heritage, Mezzan Holding manufactures and distributes more than 34,000 products in the consumer goods and services sectors. The business’ operations span across the Gulf and other select markets through 29 vertically integrated companies. Mezzan’s Group Financial Planning & Analysis Manager explains that there was room for improvement on the previous planning practices of manually managing budgets and financial tasks across a complex network of businesses. Working on spreadsheets was time consuming and offered limited visibility across departments, as new versions needed to be locked after being worked on and then manually shared...