Wednesday, November 27African Digital Business Magazine

Business

Business

Business, Main, Medicine

Africa needs to increase vaccine production 73-fold to reach its vaccine sovereignty target

 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 African Union and Africa CDC proposed an ambitious target to manufacture 60% of Africa’s immunization needs on the continent by 2040. Our new analysis tracks progress toward this goal, identifies the challenges and offers a 6-point plan for accelerating vaccine sovereignty in Africa. Key figures: 98.9% of Africa’s vaccine supply is produced outside the continent, leaving Africa vulnerable to supply chain disruptions and vaccine inequality. In 2021, African leaders prioritized vaccine sovereignty, setting a target to produce 60% of Africa’s vaccines by 2040 in Africa. To meet...
Business

Hiring remote personnel in Latin America

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. Today, companies are no longer limited to one geographic location in search of the best talent and provide remote jobs in Latin America. We'll look at the benefits of hiring talent in Latin America, the region's diverse talent pool, cost efficiencies, cultural synergies, and untapped potential. Booming Talent Pool: Why Hire Talent in Latin America Latin America boasts a young and energetic population with a growing interest in technology and innovation. According to a Statista report, the region's internet user base will reach 750 million by 2025, meaning a tech-savvy generation will enter the j...
Business

5 Ways a tax advisory firm can elevate your business

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. While traditional tax and accounting services can help you with fundamentals like compliance and auditing, partnering with a firm that provides additional advisory support over and above basic bookkeeping services can help elevate your business so that it thrives in even the most competitive industries. So how can an outsourced team of tax and accounting professionals help to unlock your business’s full potential? Here are five ways they can add value: 1. They help you plan proactively  The right tax and acc...
Business

Strengthening Bridges: Exploring the Dynamics of Türkiye – UK Investment Relations

The International Chamber of Commerce (ICC) in Paris is dedicated to fostering international trade and investment. Its very mission is to promote open markets, responsible business conduct, and a level playing field for enterprises worldwide, which was the vision of Étienne Clémentel when the ICC was originally founded. Today, the ICC represents over 45 million companies in more than 170 countries, including the United Kingdom and Türkiye.  By providing essential services such as dispute resolution and policy advocacy, the ICC and the ICC International Court of Arbitration (ICC Court) plays a pivotal role in facilitating cross-border economic activities. This commitment is particularly relevant in the context of investment relations, where the ICC's efforts to streamline and safeguard int...
Business, Ghana News

Game Changers: How Athletes’ Sports Skills Can Help Promote Economic Development in Ghana’s Oil Industry

By David Lavallee and Ruth Lavallee The Ghanaian oil sector stands on the cusp of an unprecedented skills crisis and there is an urgent need to find innovative solutions. The significance of human capital is escalating and will eventually surpass financial capital in terms of economic drivers within the oil industry  [1]. Sustainable growth depends on Ghana’s workers having the competencies that employers need in an increasingly skills-driven economy. There is, however, significant skills gap in the industry and the shortage of skilled workers will only become greater in the coming decade [2].  Identifying untapped skills within the existing workforce could be one way to help address these issues in the oil sector. Workers who previously competed in sports to an elite level could be a re...
Business, Energy, Main

Resolving infrastructure and energy disputes in sub-Saharan Africa

By Mouhamed Kebe, Court Member of the ICC International Court of Arbitration. Managing Partner of Geni & Kebe 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. Africa is a continent with huge reserves of oil and gas, with a large capacity for green energy, but more than 600 million people do not have access to electricity. The need for infrastructure buildings and projects are higher than in any other region in the world, and therefore the energy and infrastructure sectors are of paramount importance given their key role for economic and social growth. Another key factor for the continent is the global energy transition. According to the African Development Bank, the continent needs to alloc...
Valuable insights for African companies doing business overseas – International Chamber of Commerce (ICC) Report: The Truth About B2B Cross-Border Relationships
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. The Truth about Cross-Cultural B2B Relationships is a joint venture between the ICC's International Court of Arbitration, Jus Connect (part of the global law and disputes intelligence leader Jus Mundi) and consulting firm McCann.  It is a summation of: 1,700 quantitative interviews with business-to-business decision-makers across nine countries, plus 20 one-hour, in-depth interviews with business leaders and dispute resolution specialists, supplemented by 20,000 desk research data points. The results show h...
OmniRetail Emerges First in Financial Times’ Ranking of Africa’s Fastest-Growing Companies
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. The FT presents Africa's Fastest Growing Companies list comprising innovative, modern, companies growing at scale, that are the driving force of the international economy in the 21st century. The Financial Times partners with Statista, to produce similar rankings for companies in Europe, Asia, and America. The inclusion of OmniRetail as part of this prestigious list is a testame...
Business

Why do you need a succession plan?

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. While this is, of course, a fictional story, one aspect of it can be applied to the real world: the Roy Family could really have benefited from a comprehensive succession plan. While the lack of a solid succession plan makes for great television ratings, it has a far less desirable outcome for you and your business. So, what is a business succession plan, why should you consider it, and what does it involve? What is a succession plan? As a business owner, you’ve probably worked tirelessly to create something of value. When the time comes to move on, ho...
TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million
Business, Startups

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

Africa’s Leading Early-Stage VC Surpasses Target for Its Second Fund, TIDE Africa II, Focused on Seed & Series A Companies Today, TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and Series A investor, the new fund accelerates the firm’s mission to partner with elite founders to tackle Africa’s biggest and most complex challenges with innovative solutions that will unlock massive value in the continent’s critical sectors. At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new, high-profile LPs alongside returning LPs from the firm’...