Mergers & Acquisitions (M&A) has long been a vital part of the global financial ecosystem, with the first deal dating back to the 1870s. Until recently Africa hasn’t developed enough companies of scale for successful M&A to drive highly profitable exits, with M&A on the continent accounting for only 2% of global deal value.
Overall, establishing a business in a free zone might seem pricier at first compared to a mainland setup, given the extra charges levied by free zone authorities, including license fees, visa fees, and registration fees. Nevertheless, free zones frequently provide inducements like tax exemptions, discounted office space, and additional benefits that could potentially balance out these initial costs over the long term.
Business, South Africa News
Analyze Consulting Secures 50% Stake in LeadMe to Enhance Leadership Development
The significance of leadership development cannot be overstated, especially when considering statistics from the World Economic Forum, which anticipates that 50% of all employees will require reskilling by 2025, with leadership being one of the top skills in demand. Furthermore, organisations with leadership development programs are reported to be 86% more capable of responding to adversity.
Despite the continued reports about the tough economic environment facing South African consumers and the fact that disposable income is steadily decreasing, South Africans are still enjoying Black Friday sales.
Fintech, South Africa News
Understanding generative AI and its impact on payment fraud in South Africa
The accessibility of generative AI tools has lowered the barriers for would-be criminals, while the transition to hybrid work models and geographically dispersed teams has expanded the attack surfaces they can exploit. In this context, the overlap of AI technology and the interests of financial leaders becomes increasingly significant, says Ryan Mer, CEO of eftsure Africa, a Know Your Payee (KYP) platform provider.
This article explores the significance of the Waqf principle in engaging the next generation within family-owned businesses especially in Kenya and across the region and how this principle can address other challenges facing these businesses.
Bertus Engelbrecht, Senior Manager: Information Security at BCX, talks about the cybersecurity threat landscape in 2023 and how the rise of artificial intelligence, automation and intelligent threat actors is putting intense pressure on the organisation.
What’s the secret to building a successful African bank and how will this bank lead Africa into an accelerated economic recovery? Jaco Viljoen (Group CEO) of First Capital Bank has some tips.
The South African fraud landscape is becoming increasingly risky as fraudsters and scammers look to target individuals with highly sophisticated scams in an environment where it is becoming increasingly difficult for lawmakers and authorities to bring these criminals to justice.
Energy, Nigeria News
“Decarbonising Nigeria is feasible with current power technologies – and will not cost more”: Wale Yusuff, Managing Director, Wärtsilä Nigeria
Meeting last week in Abuja and Lagos for the 2023 Energy Transition Forum, Nigeria’s leading energy experts have outlined the country’s roadmap to decarbonisation, and discussed what it will take to deliver universal access to clean energy for Nigerian households and businesses.
Nigerian startups continue to enhance their reputation as some of the most innovative and dynamic players in the continent’s startup ecosystem, after the region walked away with three top awards at the Global Startup Awards (GSA) Africa Summit recently held in Addis Ababa.
As technological advancements and market dynamics continue to evolve, staying ahead of the curve is no easy feat. For Senzo Mbhele, Managing Director at Tarsus On Demand, the vision for the future is rooted in the belief that a successful business should be built ‘for the people, by the people’.
The analysis is based on the proportion of night shift workers in each industry who will benefit most from enhanced productivity and an extra hour’s pay.
Companies are shifting away from viewing success only through a financial lens, by taking on a more progressive, people-centred and purpose-led approach to business. Savina Harrilall, Chief People Officer at Mukuru, shares insight on how to recognise and develop the unique talents of each employee that creates value beyond profits. By embracing diversity, connecting with communities and fostering strong leadership to empower employees, South African businesses are able to make a positive impact.
Experience the unparalleled excellence of ADDESIGNER in luxury office interior design. Transforming ambitions into reality with personalized services and sustainable practices.
As a consumer application, the web browser has long created security challenges for enterprises. The Enterprise Browser is set to change that, says Patrick Evans, CEO of SLVA Cybersecurity.
Egypt News, Ethiopia News, Kenya News, Nigeria News, Startups
Global Startup Awards Africa Announces 16 Category Winners Innovating for a Global Africa at the history-making Summit in Addis Ababa, Ethiopia
The announcements were recently made at the GSA Africa Summit in Addis Ababa, Ethiopia. Joined by Her Excellency Muferihat Kamil, Ethiopia’s Minister of Labour and Skills and His Excellency Dr Belete Molla Getahun, Ethiopia’s Minister of Innovation and Technology, the summit’s grand finale at Addis Ababa’s Friendship Park has proved a significant event. The GSA Africa awards began in 2021, a journey that has led to over 15,000 African innovators nominated from 54 countries, the support of 300 jury members, ambassadors, and hundreds of innovation hubs across the continent.
Research Reveals African Governments Must Find Scalable Means of Tax Collection to Generate billions in Additional Income
The new guide addresses the needs of people with disabilities participating in international arbitration and ADR procedures and beyond.
In recent years, many South African retailers have come to rely on no-code and low-code solutions which ostensibly simplifies the software development process.
The disposal of electronic waste (e-waste) has become a pressing issue in Kenya, presenting significant hazards to public health and the environment. To mitigate these risks, it is critical to raise public awareness and educate young people on how to sustainably manage e-waste.
Sudanese human rights activist Enass Muzamel has dedicated her life to the defense of democracy, human rights, and female empowerment. Born in Sudan, and as the war continues, her dedication and devotion to these issues were honored at the Kennedy Center in Washington DC and recognized by former US Secretary of State Hillary Rodham Clinton.