Friday, November 22African Digital Business Magazine
Tech

ESET Reveals Top Cyber Threats of 2024 thus far: Global Trends and Local Risks Exposed

ESET, a global leader in cybersecurity, has published its Threat Report for the first half of 2024, providing new insights into the cyber threat landscape faced by businesses and individuals worldwide. The report highlights several significant trends and developments in cybersecurity. This includes the increasing use of generative AI tools in cybercrime and the need for vigilance as cybercriminals use more dynamic and sophisticated methods against their targets. The report reveals a spectrum of sophisticated cyber threats across multiple regions, showcasing the global scale and urgency of today’s cybersecurity challenges. Among these is the rise of GoldDigger and GoldDiggerPlus malware, which targets Android and iOS devices. Initially emerging in Southeast Asia, these threats have now sp...
Mauritius News, Real Estate

BBC Lifestyle’s new property-reality series, Listing Mauritius offers viewers a glimpse into breathtaking Mauritian properties

Listing Mauritius cast left to right: Nawsheen Herburrun, Grahame Diedericks, Mridula Sembhoo, Manon Duez, Rinie Boshoff, Samuel Alladee, Viviane Jeetah.  Following the success of Listing Jozi and Listing Cape Town, BBC Studios’ lifestyle channel in Africa, BBC Lifestyle, brings you a brand-new series - Listing Mauritius. The 10-part series starts on Wednesday 16th October at 20:00, exclusively on BBC Lifestyle, DStv Channel 174. Episodes will be repeated Thursdays at 17:00 and available on DStv catch-up. Mauritius is known for its breathtaking beaches, luxury resorts, amazing tropical weather and diverse culture, but over the past few years, the island has fast become a haven for foreign property investors from all over the world, including South Africa. “We have been mesmerised by the ...
Business, South Africa News

Cape Town’s rise as an international investment destination

The Charlotte: Embodying Cape Town's transformation into a world-class investment destination Cape Town, long celebrated for its breathtaking landscapes and vibrant culture, is rapidly emerging as a powerhouse in the global investment arena. The city's ascent is not merely a testament to its natural beauty but a reflection of strategic urban development, economic resilience, and a forward-thinking approach to international business and tourism. The recent accolades bestowed upon Cape Town - including the Best Destination in Africa in 2023 and second place in the 50 Best Cities in the World to Visit[1] - are more than just tourism honours, and signify a city that has successfully positioned itself at the intersection of lifestyle and investment opportunity. This dual appeal is driving a s...
African News, Business, South Africa News, Startups

Attendees at the Oppenheimers’ South African Future Trust 2024 Summit Can Take Our Country Forward

The country’s premiere entrepreneurial showcase, the South African Future Trust Summit returns to the Sandton Convention Centre on 24 and 25 October – with more speakers, more stages, more opportunities - and a R500 000 investment prize for one stellar delegate. Headlining the event are African Leadership Academy founder Fred Swaniker; Founder & CEO of the Rehumanize Institute and co-founder & previous CEO of SingularityU Nordic, Laila Pawlak; Tasha’s Group CEO & Founder Natasha Sideris; South African songstress and motivational speaker Lira; financial journalist, speaker and author Bruce Whitfield and Veldskoen co-founder & CEO Nick Dreyer – with many more big-name presenters yet to be announced. The presenters and panellists will share their unique insights into how best...
Africa Travel, Nigeria News

Transcorp Hilton Abuja: A Haven of Luxury and Business Excellence in Abuja’s Commercial District

Situated amidst picturesque landscaped gardens in the heart of Nigeria’s Federal Capital Territory, Transcorp Hilton Abuja is a sanctuary of elegance and sophistication. Renowned for its impeccable service and luxurious amenities, the hotel is strategically located in Abuja’s vibrant commercial district, offering convenient access to major attractions such as the Abuja National Mosque and Millennium Park, both less than three kilometers away. The city center is a mere 20-minute drive, making the hotel an ideal choice for both business and leisure travelers. Recently, Transcorp Hilton Abuja was honored with the prestigious Luxury Lifestyle Awards for Best Luxury Business Hotel in Abuja, Nigeria, a testament to its unparalleled commitment to excellence. Transcorp Hilton Abuja boasts a ...
Real Estate, South Africa News

Luxurious Age in Place living: Franschhoek’s La Luc Estate reimagines active retirement

Independent and inspirational – the healthy, active and dynamic 55+ age group in South Africa wants community, lifestyle and privacy from their property investments[1]. Property prices in Franschhoek have soared in the last 10 years at an increase of 104%[2] In 2023, the Franschhoek residential property market generated R565 million in sales, with a total of 104 residential properties sold - of which 70 were own title properties worth R414 million and 24 were sectional title properties worth R151 million.[3] The asking price for properties in Franschhoek varies from R3.3 million to R12 million dependent on size and location Franschhoek's property market is characterised by a strong concentration of wealth, rising property values, increasing local demand and limited developmen...
Nigeria News

Nigeria’s economic expansion fuels the launch of the inaugural West Africa Coatings Show 2025

Nigeria is one of the largest, most influential players in the West Africa coatings market Construction projects drive the market, with expected annual growth of 3.1% from 2025 to 2027 Robust growth in Nigeria’s protective coatings market is predicted to surpass 4%, in upcoming 2024 - 2029 period The only dedicated event for the coatings industry in West Africa, West Africa Coatings Show is expected to attract over 1200 attendees, with more than 150 exhibiting brands from over 15 exhibiting countries West Africa's coatings markets have gained significant momentum, with Nigeria's protective coatings market anticipated to show substantial growth. According to Mordor Intelligence, the market is expected to achieve a compound annual growth rate (CAGR) of over 4% during the forecast...
Business, Tech

Mezzan Holding transforms its financial planning with successful Corporate Planning integration

Introduction: A highly complex business Mezzan Holding is one of the leading food, healthcare and consumer conglomerates in the Middle East. With a 75-year heritage, Mezzan Holding manufactures and distributes more than 34,000 products in the consumer goods and services sectors. The business’ operations span across the Gulf and other select markets through 29 vertically integrated companies. Mezzan’s Group Financial Planning & Analysis Manager explains that there was room for improvement on the previous planning practices of manually managing budgets and financial tasks across a complex network of businesses. Working on spreadsheets was time consuming and offered limited visibility across departments, as new versions needed to be locked after being worked on and then manually shared...
Energy

Elemental Energy signs Africa-focused distribution deal with Hexagon Purus

 Elemental Energy has been selected by Hexagon Purus, a world leading manufacturer of zero-emission mobility and hydrogen infrastructure solutions, to distribute its products in Southern and East Africa. The distribution agreement brings leading Type 4 cylinders, multi-element gas containers and hydrogen distribution systems to these markets at a time when the number of green hydrogen projects announced in the region continues to grow. Hexagon Purus’ products will be made available for projects in major markets including South Africa, Namibia and Kenya, amongst others. Michael Patterson, CEO of Elemental Energy, is taking a long view on green hydrogen in the region, “We see huge potential in Africa, not just for production of green hydrogen for export but also for local use cases. ...
Business, Egypt News, Kenya News, Nigeria News, Startups

Why investment in African healthtech is set for a major decline in 2024

Yomi Kazeem, Engagement Manager at Salient Advisory, and his colleagues explore the alarming trend of declining investments in African healthtech. In 2023, amid a nearly 40% slump in investment across African technology ecosystems, funding for healthtech startups across the continent proved resilient, dropping by only 2% – but that is set to change.   Analysis of funding trends in the first of half of 2024 suggests that a major decline in healthtech investment is on the cards, with African healthtech innovations raising only $24 million – a 69% drop compared to the same period in 2023, according to data from Salient Advisory.  The drop in funding is driven by a decline in both deal count and value: the number of deals is down by 47% in the first half of 2024, and the average ticket size...