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Logistics challenges facing eCommerce in Africa

26Jun

By Josephine WawiraNo Comments

Business, Tech

Logistics challenges facing eCommerce in Africa

According to Euromonitor, the world’s fastest-growing economies by 2030 will be in Africa. This consequently makes the continent the next big e-commerce market. And as this positive narrative continues to place Africa as a top investment destination, the need for advanced logistics systems has become inevitable. The growth of e-commerce will significantly depend on the quality and efficiency of logistics networks; from intra and cross trade to financial transactions in payment of goods and services. When writing the African e-commerce story, I often leap at the chance to explore only the enviable milestones the continent has made. Nevertheless, there still exist formidable challenges especially in logistics, a vital constituent of the industry. The African Development Bank, in its 2019 Afr...

How Local Tribes Can Benefit from Tourism

8Jun

By Africa BusinessNo Comments

Africa Travel

How Local Tribes Can Benefit from Tourism

A visit to the tribal people and indigenous communities in Africa has seen a significant rise in itinerary inclusions over the years. Rightly so! Not only will you enjoy a nice variety to your time with mother nature, but also benefit from an educational experience that helps break down barriers, overcome stereotypes, and create an environment for mind-blowing perspective building. The tribes themselves can benefit from the economic boost that tourists provide. Today this type of visit is referred to as tribal tourism. There’s a myriad of reasons to be interested in this kind of tourism. Many travelers view it as a unique educational opportunity, a practical way to learn more about the world and its ancient traditions. For some, being around indigenous cultures ensures a more memorable, au...

Can e-commerce be Africa’s economic goldmine?

3Jun

By Josephine WawiraNo Comments

Main, Tech

Can e-commerce be Africa’s economic goldmine?

Digital economy in Africa is snowballing, and in the process it’s creating new jobs and opportunities for digital entrepreneurs to explore a larger web market. Though e-commerce represents only 0.6% of all the transactions done in Africa, as compared to 12% in the USA and 20% in China; the budding nature of the industry does rightfully make one muse on the possibility, that e-commerce is indeed Africa’s economic goldmine. Facilitation of Cross Border eTrade The global market has shrunk to a large scale, and is now enabling billions of people to sell and purchase products across borders. This has been made possible by technological innovations that have birthed online marketplaces that enable e-trade between businesses (B2B), between consumers (C2C) and between businesses and consumers (B2C...

29May

By Baker McKenzieNo Comments

Ethiopia News, Main, Mauritius News, Senegal News, South Africa News, Tunisia News, Zimbabwe News

Funding Africa’s Infrastructure Gap

Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have not been able to access funding in more traditional ways. The benefits are numerous, but African countries are also concerned about their growing dependence on China. Research released in 2018 from Baker McKenzie and IJGlobal (research) with data drawn exclusively from fully financed projects and excluding recent announcements of government funding commitments, shows that the value...

20May

By Baker McKenzieNo Comments

Main, South Africa News

Seven Things to Consider When Transacting in Africa

By Morne van der Merwe, Managing Partner, and Wildu du Plessis, Head of Africa at global law firm Baker McKenzie in Johannesburg Ahead of the Baker McKenzie African Transactional Summit taking place in Johannesburg in May 2019, Baker McKenzie lawyers based in Africa, alongside the Firm’s global Africa specialists, as well as lawyers from our African Relationship Firms from across the continent, share their knowledge about what investors should consider when transacting in Africa. Accept the uncertainty and gather knowledge Investors in Africa must consider geo-political and economic uncertainty on the continent as well as a plethora of country and region-specific governance, compliance and regulatory challenges when investing in the region. They must also contend with a critical lac...

African elephants under continued threat of poaching, warns UN-backed report

10May

By Africa BusinessNo Comments

African News, Main

African elephants under continued threat of poaching, warns UN-backed report

An updated assessment by a United Nations Environment Programme-administered treaty has confirmed that poaching continues to threaten the long-term survival of the African elephant. Based on the Proportion of Illegally Killed Elephants data, or PIKE, the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has evaluated the levels of illegal killing through MIKE, the acronym for the Monitoring of Illegal Killing of Elephants programme. MIKE has calculated that illegal killing is the chief cause of death for elephants. Evidence reveals that PIKE levels peaked in 2011 when an alarming 10 per cent of African elephants were poached, before steadily declining through 2017. That level has remained relatively unchanged throughout 2018. Such high PIKE levels are ...

Egypt heads the Africa hotel development top ten

9May

By Africa BusinessNo Comments

Africa Travel, Egypt News

Egypt heads the Africa hotel development top ten

With more than 15,000 rooms in the pipeline The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11th annual survey by W Hospitality Group, acknowledged as the industry’s most authoritative source. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. A total of 75,155 branded rooms in 401 hotels are in development across the whole of Africa – a net increase (ignoring recent openings and taking in to account deals that have not come to fruition) of almost 11,000 rooms in the pipeline, 17% up on 2018. W Hospitality Group’s Hotel Chain Development Pipelines in Africa survey had a record 43 international and regional hotel contributors t...

9May

By ADEOLA ADEJOKUNNo Comments

Nigeria News

Downfall Of Money by Adeola Adejokun

“Oh God! Power outage again?” “I don't know what's wrong with PHCN these days, we have not been having power between 6 and 11pm for over a 2 months now.?” “I don't know why everything is going backwards in this country, even when I was growing up in the 80s, power supply wasn't bad like this.” “Daddy! Habba! That was like 30 years ago. Hope you're not exaggerating?” “Me? Exaggerating? Just give me 5 minutes, let me remove my shirt. Wait! Where's your laptop?” “At the dining sir?” “Charged?” “Yes.” “Your sister?” “At the backyard, plaiting her hair.” “What of your mum?” “Church.” “Your mum and Church. Which of the Churches?” “ The one at Airport road” “It's okay.” ...

25Apr

By Africa BusinessNo Comments

Main

An inter-connected African aviation industry could deliver USD $29bn in direct revenue

AviaDev, Africa’s premier event dedicated to developing connectivity to, from and within the African continent, in conjunction with partners, MIDAS Aviation and Futureneers Advisors have estimated the potential revenue from new African aviation routes could yield USD $29bn in direct revenue. This revenue, which is more than the individual GDP’s of 70% of the countries in Africa, could be realised if the largest airports in each African country are connected with one another. Currently, only 33.7% of this huge market is served, meaning that there is over USD $19bn in untapped annual revenue. AviaDev, now in its fourth year brings together airports, airlines, tourism bodies and suppliers and customises one-to-one meetings so that new partnerships and routes can be created. AviaDev’s manag...

A Future Option for African Fast Intercity Coastal Transportation

15Apr

By Harry ValentineNo Comments

Kenya News, Main, Tanzania News

A Future Option for African Fast Intercity Coastal Transportation

The recent redevelopment and upgrading of Kenya’s Mombasa – Nairobi railway line has revealed a market for faster, affordable intercity passenger transportation services between African cities. Following the recent tragedy of Ethiopian Airlines, the African passenger transportation market might be ready to consider an alternative technology capable of providing affordable, fast travel between several pairs of African coastal cities. Introduction: A transportation technology that is currently being developed in locations such as South Korea, West Germany and Singapore offers the promise of competitively-priced, fast passenger travel between such pairs of African cities such as Mombasa – Dar es Salaam, Lobito – Luanda, Maputo – Beira and Lüderitz – Walvis Bay. Unlike fast trains and airline ...