Business Archives - Page 29 of 29

Friday@Noon on Foreign Investment in Africa: 2018

10Apr

By Johan BurgerNo Comments

Business, Egypt News, Energy, Main

Friday@Noon on Foreign Investment in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. Africa has been the recipient of foreign investment form a variety of foreign countries. In addition to the normal investors such as China, Japan, India, etc., we are also seeing new entrants or countries that are making a comeback. The countries identified below are also not meant to be the only investors, but have been noted in the general media. China in Africa China has been quite active in Africa for the past number of years. In addition to participating in infrastructure development contracts, it has also been financing a lot of Africa’s debt. It is still Africa’s largest trade partner. A prominent development is...

10Apr

By Johan BurgerNo Comments

Business, Egypt News, Ghana News, Main, Nigeria News, Rwanda News, Tech, Uganda News

Friday@Noon on Financial Services in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven the US$300 million monthly transactions in Africa from 7.2 million new people (up 250% from 2012) using digital financial services and 45,000 new banking agents due to a financial inclusion project. Financial inclusion in Sub-Saharan Africa has increased from 23% in 2011 to 43% in 2017. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neigh...

Friday@Noon on E-commerce in Africa: 2018

3Apr

By Johan BurgerNo Comments

Business, Egypt News, Kenya News, Nigeria News, Tech

Friday@Noon on E-commerce in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The growth and continuation of e-commerce in Africa has received various boosts during 2018. Africa’s leading online shopping platform, Jumia, reported in 2018 it wanted to make Egypt its biggest market on the continent, and it’s turning to Egypt’s vast network of unlicensed vendors for help. Jumia wants a 10-fold growth in revenue from Egypt and a 6-fold growth in the number of products offered on its platform by 2021. To achieve that, Jumia is urging the government to regulate informal retailers by offering them tax incentives and cheap loans that would allow them to market their goods online. The informal economy ac...

Online Marketplaces Could Create 3 Million Jobs in Africa by 2025

3Apr

By Josephine WawiraNo Comments

Business, Tech

Online Marketplaces Could Create 3 Million Jobs in Africa by 2025

Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. These digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. These are among the findings of a new report, titled How Online Marketplaces Can Power Employment in Africa, released by Boston Consulting Group (BCG). Generating employment is an urgent priority across the continent. The African Development Bank estimates that one-third of the 420 million Africans age 15 through 35 were unemployed as of 2015. Around 58% of the new jobs—created directly, indirectly, and through the additional economic activity generated by onli...

18Mar

By Africa BusinessNo Comments

Business, Main

Why Invest In Chicken Production in Africa

Living in a Sub-Saharan can be a lot harsh. In a country full of barren lands it can be hard to relocate a source of protein, making a product like chicken hard to come by as the people of general cannot afford it, making it available to only a specific line of affluent people. Why is it difficult As mostly unexplored the Sub-Saharan hold potential opportunities for development that is if operated properly. Maybe we will see Africa fully independent and fully developed in the days to come. But life in the Sub-Saharan does not favor its occupants. The majority of the people live under the poverty line making it difficult for them to purchase a product like chicken. Poultry is a necessary source of protein in a place like Sub-Sahara. So living under the poverty line does not help when protei...

Doing Business in Top 5 Cities of South Africa

26Feb

By Africa BusinessNo Comments

Business, South Africa News

Doing Business in Top 5 Cities of South Africa

Easy of Doing Business in Thekwini (Durban) Easy of Doing Business in Cape TownSouth Africa is a country of a mixed economy. It has a relatively high gross domestic product than other countries in Africa. Despite having a mixed economy and high GDP, South Africa has a problem of poverty and unemployment. Business is a great way to be economically stable. It is such a profession that should be moved with a great strategy regarding various situations. South Africa needs such entrepreneurs for making the economy more strongly. So in this article, we are going to discuss doing business in South Africa's top 5 cities. Doing business in Cape Town Cape Town is the number one South African city when it came to the ease of doing business according to the latest World Bank research report on Doin...

9Aug

By Vahid MonadjemNo Comments

African News, Business, Fintech, Main

Consolidation of the fintech ecosystem in Africa, Good or Bad?

‘Mobile money’ used to be a catch-all phrase, describing everything from consumer wallets to building agent networks, lending, and international remittances. However, African fintech has gradually matured into an industry with specialist roles, and more players in the market every year. This shift has seen more companies take on niche roles. This makes strong partnerships between various parts of the ecosystem crucial for the space’s long-term development. Creating valuable partnerships between fintechs: There are a huge number of fintechs globally and in Africa, but yet we rarely hear about partnerships between them. This is the current paradox facing the sector. In addition to the number of fintech companies, the widespread use of mobile wallets is enabling companies in other sectors...