Global law firm Baker McKenzie has received GFC Media’s Bonds, Loans & ESG Capital Markets Africa Banking & Finance Legal Adviser of the Year award for 2023. The firm also advised on four Deal of the Year transactions, showcasing the firm’s impressive multi-jurisdictional client mandates in Africa. The firm advised on the following Deal of the Year winners: The […]
Business
Positive operating result for both Air France and KLM thanks to significant increase in revenues and transformation efforts
Air France-KLM has confirmed that the company has bounced back from two years of massive losses as a result of the Covid-19 pandemic, returning to profit. The company confirms Strong Group capacity ramp up at 85% compared to 2019 with load factor at 84% Group revenues at €26.4bn, with highest fourth quarter revenues in history. […]
With phishing, ransomware and other cyberattacks on the rise in South Africa, appropriately budgeting for cybersecurity is a must, as the benefits of having strong measures in place far outweigh the assumed expense of digital security, says Steve Flynn, Sales and Marketing Director at ESET Southern Africa. With a shortage of experienced cybersecurity personnel in South […]
As the International Chamber of Commerce (ICC)’s Court of Arbitration celebrates its 100th anniversary this year, President Claudia Salomon describes the organisation’s African ambition: to become the number one choice for dispute resolution and prevention services for African businesses – and to establish a major presence on the continent. A first focus for the Court’s Africa […]
Real Estate, Zimbabwe News
West Property set to contribute massively to premium luxury housing in Zimbabwe
West Property Zimbabwe is a leading property developer making waves in the Zimbabwean real estate industry. The company is well-known for providing premium luxury housing at an affordable price, contributing massively to the country’s standards of real estate. The company has undertaken several projects that showcase their commitment to providing high-end luxury to their clients. […]
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) […]
African News, Business
M&A Resilience Predicted in 2023, Despite Economic Uncertainty – According to 2023 Global Trends Report from Lex Mundi
Lex Mundi, the world’s leading global network of independent law firms, has gathered intelligence from member law firms across 71 jurisdictions to analyse recent and upcoming trends for its latest Global M&A Trends Report. A majority of M&A practitioners worldwide remain optimistic about the prospects for mergers and acquisitions in 2023. Despite concerns about the […]
The U.K.-based Forex broker FxPro has been operating in the Contracts for Difference and Spread Betting markets since 2006. Today, the firm serves customers with more than 1,866,000 accounts in 173 countries, and its Tier 1 capital stands at €100 million. FxPro claims widespread recognition as a dependable broker. Several agencies including the FCA, CySEC, […]
YAOUNDE, Cameroon – Cameroonian Traditional dishes may be falling out of favour in the Central African country, but that is if one fails to factor in this new initiative: Generations: Partners of Progress (GPP) and the African Investment Corporation (AIC) are working together to begin the process of standardizing and codifying Cameroonian cuisine [and later African], thereby […]
By Nonhlanhla Ntuli Eskom recently announced the implementation of stage six loadshedding and the National Energy Regulator of SA approved an 18.65% tariff hike by Eskom for the 2023/24 financial year. This as government has pleaded with consumers to reduce their electricity consumption. According to the EskomSePush app, the struggling power utility implemented 3 776 hours […]
By Catherine Wijnberg So, you have been thinking it’s about time you started something but just can’t quite get into the groove? Let’s break eight myths around business start-ups and help you gain the momentum to get started. 1. Myth one: you can’t start a business without a business plan Millions of small businesses worldwide have been […]
Kenya News, Medicine
Fast-Tracking Universal Health Coverage in 2023: It’s time to focus on innovation and knowledge partnerships
by Basil Malaki, Knowledge Transfer Manager for Kenya at Innovate UK KTN Global Alliance Africa As the leading economy in East Africa, it is no surprise that Kenya often ranks top across several developmental indicators. In terms of economic growth, the country has maintained an annual GDP growth rate of 5% with GDP per capita […]
The music industry is always at the forefront of the latest trends, so it should be no surprise that NFTs have been embraced by many artists and fans already. If you’re an artist, you might have been thinking about creating NFTs for your fans, or it might not have crossed your mind. This article has […]
African News, Events, Interview
MENA region is fastest growth area globally for arbitration as better way to solve business disputes
As the International Chamber of Commerce’s Court of Arbitration celebrates its 100th anniversary, President Claudia Salomon tells Africa Business how this global organisation has seen its highest growth in recent years in the MENA region. In the last 10 years, the number of parties coming to the ICC Court has tripled, with parties from the […]
Sendmarc, a leader in email and domain security, has announced a $7 million series A funding round led by Atlantica Ventures and supported by Allan Gray E-Squared Ventures, Fireball Capital, Endeavor Catalyst, 4Di Capital, Kalon Venture Partners, Endeavor Harvest, and Alpha Private Capital. The funding will be used to expand Sendmarc’s market enablement strategy and to continue improving its product, with a focus on being […]
South Africa News, Startups
From failing at university to scaling SA’s top venture builder in four years – these two young entrepreneurs are on a mission to help 1-million people build good tech
One of the most hotly debated topics in African innovation is South Africa’s claim to be the “Tech Capital” of the continent. Home to more than 490 startups and a combined US$1-billion (or R17.6-billion) in funding[1], South Africa is an undisputed leader on the continent. But in 2023, that reputation is slipping, as Nigeria takes […]
By Dr. Fikrejesus Amahazion Earlier this week, President Isaias Afwerki traveled to Kenya to meet with President William Ruto, following up on the latter’s visit to Eritrea late last year. During the two-day working trip to Nairobi, President Isaias, accompanied by a high-level delegation, held extensive talks with his counterpart and other Kenyan government officials. […]
Fedhealth partners with Intelligene to offer personalised genetic testing for its members A new partnership between Fedhealth Medical Scheme and medical bio-tech company Intelligene offers exciting opportunities for genetic testing to improve the efficiency of medication, mitigate health risks by identifying possible future illnesses, and even optimise an individual’s lifestyle by pinpointing the nutrition and […]
With the US dollar having pulled back from the highs seen in the second half of 2022, this is an opportune time for South African investors to address domestic concentration risk if they have been overly exposed to local assets, according to investment advisory and wealth management firm GraySwan. Aggressive interest rate hikes by the […]
Africa Travel, Egypt News
Rixos Hotels Egypt Bagged a Recognition of the Booking.com Traveller Review Award 2023
Rixos Hotels Egypt embraces the brand-new year with another recognition as their luxurious properties were recognized with Booking.com Traveller Review Award 2023. This distinguished award is an annual appreciation program for various hospitality partners with remarkable services, determined by the review scores that travelers leave after their stay or experience the property. The Ultra All […]
By Ciaran McKivergan, CEO and founding partner at 8909 Digital Artificial Intelligence (AI) will slowly start its journey to necessity in the advertising world in 2023. It’s ‘been coming’ for a few years now and a few progressive operators have slowly been rolling it out, but 2023 will be the year that its application reaches […]
Startups
GSA Africa winners to hit the global stage in Copenhagen, next cohort encouraged to submit applications
Winners of last year’s African Startup Awards will be enroute to Copenhagen, Denmark, this March to showcase their solutions to some of the world’s top startups, venture capitalists, and ecosystem enablers at the Global Startup Awards (GSA) Grand Finale. In the meantime, innovators looking to be a part of the next delegation are encouraged to […]