Main Archives - Page 4 of 19 - AfricaBusiness.com

Invest In Ghana: Discover Some Top Reasons To Invest In Ghana’s Brown Gold- Cocoa

29Apr

By Africa BusinessNo Comments

Business, Ghana News, Main

Invest In Ghana: Discover Some Top Reasons To Invest In Ghana’s Brown Gold- Cocoa

Ghana, known for its abundant natural resources and friendly people, is also the world's second largest producer of cocoa. This cash crop has been a driver for economic growth for decades, and its importance has remained steadfast in the midst of globalization. The impact of cocoa production in Ghana has been evident throughout the country and has provided much-needed employment opportunities. The industry has also been a great source of revenue for the government, enabling them to invest in public services and support development in the nation. Clearly, the cocoa industry has been and still is a critical aspect of Ghana's society and economy. The cocoa value chain is extensive spanning farming to processing and manufacturing of cocoa and chocolate products. While cocoa serves as a fund...

26Apr

By Africa BusinessNo Comments

Business, Main

C-suites should drive data strategies to avoid disconnect with business strategy

Enterprises must prioritise security, governance and user adoption for successful implementation By Lee Wearne, Senior Business Intelligence Consultant at Insight Consulting The urgency of implementing enterprise data management strategies comes from an acute awareness that businesses need to put their data to work effectively to influence business decisions and efficiency, and ultimately help steer the direction of the business. C-suites understand that this urgency is not a fad, that an effective enterprise data strategy is a fundamental component of their digital transformation journeys. However, unless the data strategy is driven from the top of the organisation, there will - at some point - become a discrepancy between the business and data strategy. This disconnect can result i...

4Apr

By Africa BusinessNo Comments

Egypt News, Main

Arbitration as a Key Tool for Businesses in the MENA Region

By Samaa A. Haridi, Vice President (Egypt and USA) of the ICC International Court of Arbitration and a Partner at law firm King & Spalding. International arbitration has become a key tool for conducting business in the Middle East and North Africa (MENA) region, especially now that an increasing number of MENA businesses cross regional and international borders. The reasons behind this trend range from the need for neutral and efficient dispute resolution mechanisms, to the growing recognition of the benefits of international arbitration by governments and businesses alike, and the desire to protect investments. International arbitration offers a neutral forum for resolving disputes, which provides a level of comfort and security for businesses that operate across borders, as they ...

United for Wildlife brings South African private sector leaders to the front line of the fight against wildlife crime

16Mar

By Africa BusinessNo Comments

Main, South Africa News

United for Wildlife brings South African private sector leaders to the front line of the fight against wildlife crime

Frontline conservation organisations joined the private sector and law enforcement in South Africa this week in a conference to tackle illegal wildlife trade across the region. Attended by leaders from government, business, law enforcement and NGOs, the two-day event came hot on the heels of recent commitments from the US Treasury to form a United States – South Africa taskforce to ‘follow the money’ and halt the illegal trade in wildlife. Hosted by United for Wildlife at Timbavati Private Nature Reserve, in partnership with the Global Conservation Corps (GCC) and the Greater Kruger Environmental Protection Foundation, Combatting the Illegal Wildlife Trade in Southern Africa promoted greater engagement and collaboration between non-profit, public and private sectors, highlighting the cruc...

The Need for a Better France-Africa Partnership

10Mar

By Africa BusinessNo Comments

African News, Main

The Need for a Better France-Africa Partnership

Authored by ONE in Africa Executive Director Serah Makka & ONE in France Director Najat Vallaud-Belkacem After the withdrawal of French forces from Mali and more recently from Burkina Faso and responding to the – rightly – growing demands of his Sahelian and sub-Saharan allies, President Macron has called for a new relationship with Africa. This partnership would be a more "balanced, reciprocal and responsible”. The image of France on the African continent is in decline, particularly among its youth who form more than 60% of the continent’s population. Beyond military issues on their continent, young Africans are right to be frustrated at the way France has recently raised the registration fees for foreign students or how differently the Hexagon has welcomed Ukrainian refugees compare...

A Growing Young Generation may be the Secret to Africa’s Success

3Mar

By Africa BusinessNo Comments

Main

A Growing Young Generation may be the Secret to Africa’s Success

By Varda Berenstein Listen to any political speech in Europe and the West, and you'll hear over and over again, repeated to the point of cliché: "Our children are the future." Young people are held up as the great hope for social, cultural, political, and economic development. They will ‘save the planet’. Their energy and motivation will ‘invigorate our public arena’. Their grasp of technologies that the older generations have long abandoned hope of keeping up with will see them ‘innovating in ways we cannot yet conceive’. Yet when it comes to the children of Africa, suddenly the language changes. They are a demographic challenge. A bulge. A burden. A problem to be resolved. Africa has the world’s youngest population by a distance, with a median age of just 18 and over 40 percent of its ...

Nigeria: What next for West Africa’s powerhouse?

21Feb

By Africa BusinessNo Comments

African News, Main, Nigeria News

Nigeria: What next for West Africa’s powerhouse?

Nigeria: What next for West Africa’s powerhouse? With elections approaching, change is afoot in Nigeria. Keen to pursue new opportunities and drive the country forward, what does the future hold for one of Africa’s largest economies? Following her recent visits to the country, Marie El-Hawat, Associate Director, Anglophone Africa at British Arab Commercial Bank (BACB) shares her thoughts on the forces at play in the region. Nigeria is one of Africa’s largest and most important economies: one in five Africans are Nigerian, and that proportion is only set to grow. As one of the powerhouse economies in West Africa, the economy offers huge opportunities, particularly in the county’s largest city, Lagos. Nigeria’s GDP is around USD 441bn, the highest in Africa, and only one of three economies...

United States and Africa: increased engagement regarding trade creating opportunities in the African free trade area

23Jan

By Africa BusinessNo Comments

African News, Main

United States and Africa: increased engagement regarding trade creating opportunities in the African free trade area

By Virusha Subban, Partner Specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie Johannesburg There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the AfCFTA Secretariat at the US-Africa Leaders' Summit (Summit) in Washington DC. The MoU covers expanded engagement between the two regions and intends to "promote equitable, sustainable, and inclusive trade; boost competitiveness; and attract investment to the continent." It was also announced at the Summit that US intended to invest USD 55 billion in Africa over the next three years, and that USD 15 billion would be deploye...

Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report

20Jan

By Africa BusinessNo Comments

African News, Main

Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank Biannual Report

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s Macroeconomic Performance and Outlook (http://bit.ly/3iLJF4C) report for the region, released in Abidjan on Thursday. With a comprehensive regional growth analysis, the report shows that all the continent’s five regions remain resilient with a steady outlook for the medium-term, despite facing significant headwinds due to global socio-economic shocks. It also identified potential risks and called for robust monetary and fiscal measures, backed by structural policies, to address them. The Macroeconomic Per...

Bridging the Gap: How Innovation Can Transform Africa

29Dec

By Africa BusinessNo Comments

Main

Bridging the Gap: How Innovation Can Transform Africa

By Yaron Tchwella, CEO of the Mitrelli Group The Roman author, Pliny the Elder, noted in antiquity: “There is always something new out of Africa”. And as we look forward, everything in and about Africa is fascinating. It is a continent renewing itself, developing, growing, and innovating – faster than any other. Africa’s population currently stands at 1.4 billion people. At its current fertility rate, by 2050 its population is expected to nearly double, to 2.5 billion, and will make up one-quarter of the world's population. By the end of the century, Africa will be home to 3.9 billion people, 40% of the world's population; but more importantly, African children will account for about half of the world’s population under the age of 15. Moreover, by 2050, about one billion additional peop...