africa Archives - AfricaBusiness.com

31Oct

By Africa BusinessNo Comments

Startups

EMERGING Valley Returns in 2024 to Connect Investors and Startups Between Europe and Africa

Aix-Marseille-Provence, elected European Capital of Innovation, will host the 8th edition of the EMERGING Valley summit on December 3, 2024. Under the High Patronage of President Emmanuel Macron, this event will take place in Marseille and at thecamp, a futuristic venue designed to foster collaboration and innovation. Historically supported by the Aix-Marseille-Provence Metropolis, the Euroméditerranée Public Development Agency, the Departmental Council of Bouches-du-Rhône, and the City of Marseille—founding partners since its inception—EMERGING Valley acts as a catalyst for digital innovations and strategic investments. Its goal is to position the Aix-Marseille-Provence region as the hub for impactful innovation and tech startups between Europe, the Mediterranean, and Africa. The su...

30Oct

By Africa BusinessNo Comments

African News, Ethiopia News, Events

AU-EU Youth Voices Lab – Power of the Collective. Empowering Youth Across Africa and Europe

On 14th October 2024, the AU-EU Youth Lab programme officially launched in Addis Ababa, Ethiopia, marking a pivotal milestone in empowering African youth and fostering their active participation in decision-making processes. The Kick-off ceremony gathered key partners from the AU-EU Youth Voices Lab and AU-EU Youth Action Lab, alongside members of the Youth Advisory Board (YAB), the EU-Ethiopia Youth Sounding Board, and youth representatives from across Africa. High-level dialogues with decision-makers, including H.E. Jutta Urpilainen, EU Commissioner for International Partnerships, and H.E. Javier Niño Pérez, EU Ambassador to the African Union, showcased the Lab’s transformative potential for youth engagement on the continent. The complete video of the ceremony is accessible online, off...

30Oct

By Africa BusinessNo Comments

Zimbabwe News

The Real Need for an African Glocal Music Academy—Meeting the Financial Needs of Local Musicians Across the Continent

By Walter Wanyanya, a Board member of African Cultural Connections (ACA) and Founder & Artistic Director of the Jacaranda Music Festival, Jabulani Jazz Festival, & the Flame Lily Rock Music Festival in Harare, Zimbabwe. Music in Africa has long been more than just an art form—it is a powerful tool for communication and storytelling, reflecting the continent’s rich and diverse history. Despite Africa’s global recognition in the music industry, many local musicians face financial struggles, preventing them from fully reaping the benefits of their talent. Fragmented national music industries, lack of infrastructure, and limited financial support have left artists with little resources to sustain their careers. Establishing an African "Glocal" Music Academy, bridging global and loc...

19Sep

By Africa BusinessNo Comments

Business, Main

Op-ed: Why Africa is the Next Big Opportunity Amid Global Slowdown in The Music Industry

By Faisal Kiwewa, Arts Connect Africa (ACA) Board Member and Founder and Director at BAYIMBA Cultural Foundation The global music industry is experiencing a slowdown, with streaming growth decelerating and major players like Apple and Amazon needing help to expand their user bases. Music companies are scrambling to find new revenue streams as the industry enters a slower-growth era. According to a report by Goldman Sachs, global music streaming revenue is expected to grow at a compound annual growth rate (CAGR) of 8% from 2022 to 2030, a slowdown compared to the 18% CAGR from 2017 to 2021. While the West grapples with these challenges, Africa’s music industry is growing into a vibrant, untapped market with immense potential. Africa: A Growing Market with Unique Opportunities Africa's ...

22Aug

By Africa BusinessNo Comments

Business, Fintech, Main

Tapping into India and Africa’s strengths to drive a financial revolution

Vinesh Kassen, Head of India Client Coverage at Absa CIB, explores how successful digitisation projects have revolutionised the way that India and Africa interact with financial services, and why leveraging both regions’ capabilities will help deepen ties. India and Africa are embarking on a new chapter. The newly appointed high commissioner of South Africa to India, Anil Sooklal, has been flying the flag for the India-Africa relationship on the global stage, commenting in a recent speech that the two regions share a “special relationship that has so much potential at every level”. The connection between the two continents is more than just a bilateral relationship; it is a partnership with the capability to shape the future of global trade. In many ways, Africa and India are like mirror...

22Aug

By Africa BusinessNo Comments

Agriculture, Events, South Africa News

GCCA ISSUES CALL TO ACTION ON FOOD SUPPLY CHAIN RESILIENCE AND BOOSTING TRADE IN AFRICA

African policy leaders must support robust growth in the cold chain for the success of the African Continental Free Trade Area (AfCFTA) and to boost prosperity, food supply chain resilience, and trade across the continent, says the Global Cold Chain Alliance (GCCA) today as the GCCA Africa conference opens at the Westin Hotel in Cape Town. The GCCA is the international association for temperature-controlled logistics businesses. The GCCA Africa conference will see Africa’s cold chain professionals gather for two days of discussion on key challenges and opportunities related to the storage and distribution of perishable goods, including improving food security, reducing trade barriers, sustainability in a changing world and the impacts on food logistics of energy load shedding. The GCCA’s...

20Aug

By Africa BusinessNo Comments

Africa Travel

Global tech company sets sights on Africa’s untapped potential in online booking

After establishing a strong presence in South Africa over the past two years, global booking platform Profitroom has announced it is accelerating its expansion across the continent with a hyper-localised strategy to empower hotels across Africa. Leading this charge is newly appointed Regional Director for Africa, Leigh Myles, a 25-year hospitality veteran with a deep understanding of the region’s nuances. Under Myles' leadership, Profitroom aims to achieve a 40% market share in South Africa by 2026, while expanding into key Sub-Saharan markets like Kenya, Tanzania, Botswana, Mauritius and Namibia. The company has set an ambitious goal of onboarding 500 new properties and driving a 65% growth in total ARR (Annual Recurring Revenue) by 2026. "Africa represents a tremendous opportunity f...

30Jul

By Africa BusinessNo Comments

African News, Main, Nigeria News

United for Wildlife strengthens fight against the illegal wildlife trade by adding a West Africa Chapter to its global network

United for Wildlife, founded by The Royal Foundation of the Prince and Princess of Wales, convened leading figures from the private, public, and not-for-profit sectors from across West and Central Africa to develop a regional network to combat the illegal wildlife trade in the regions. Lagos, Nigeria: United for Wildlife has established landmark agreements with one of Nigeria’s leading law enforcement agencies as well as the Nigerian Financial Intelligence Unit, as part of the organisation’s work to build a regional network to combat the illegal wildlife trade in West Africa. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and United for Wildlife are committing to work together on a number of fronts; developing training and education in the region in relati...

16May

By Africa BusinessNo Comments

Africa Travel, Egypt News

Sharm El Sheikh to Host the First Edition of the African Tourism Forum on May 20th

The Sharm El Sheikh International Conference Center in Egypt will host the first edition of ATF24Egypt, The African Tourism Forum from the 20th to 21st of May. This event is sponsored by GMT Fair organization and Rixos Hotels Egypt. The organizers aim that this forum will serve as the most efficient tourism gathering in Africa, with the participation of over 2,000 professionals from travel agencies, hotel operators, and the tourism industry. The African Tourism Forum and Exhibition, bringing together industry specialists and investors, aims to enhance cooperation, discuss sector developments, assess investment opportunities, and develop effective strategies in the future. Established by the GMT Fair organization, the African Tourism Forum brings together leading brands, tourism professi...

Africa Data Centre Market is Projected to Reach $7bn by 2028

17Apr

By Africa BusinessNo Comments

Tech

Africa Data Centre Market is Projected to Reach $7bn by 2028

Written by Divij Ruparelia, COO at DAI Magister Africa’s data centre market is growing at an unprecedented rate, driven by increasing internet penetration, rapid adoption of cloud computing, and soaring demand for digital services. As the continent embraces the digital revolution, the data centre market is projected to reach over $7 billion by 2028, an annual growth rate (CAGR 2024-2028) of 7%. This growth is not only transforming Africa’s digital landscape but also presenting significant opportunities for investors, technology companies, and local businesses. The Rise of Internet Users and Cloud Adoption There has been a significant surge in internet usage across Africa, with the number of users soaring to approximately 645 million in 2023, representing a remarkable 3.5-fold increase c...