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.
Tag: africa
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.
Global tech company sets sights on Africa’s untapped potential in online booking
Africa’s hospitality industry is experiencing a surge in demand, coupled with a growing need for digital solutions that empower local businesses. This shift presents both challenges and opportunities for the continent’s diverse tourism offerings, from safari lodges to urban hotels.
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.
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.
Africa Data Centre Market is Projected to Reach $7bn by 2028
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 African Continental Free Trade Area Investment Protocol signalled a new era in sustainable trade and investment
The African Continental Free Trade Area (AfCFTA) is predicted to increase Africa’s trade income by USD 450 billion by 2035 and will boost intra-African trade by more than 81 percent, according to a recent report by the World Bank.
The $3bn Private Credit Opportunity in Africa
Africa’s mid-market businesses, the backbone of the continent’s economic growth, can find themselves trapped in a financing void. With annual revenues typically surpassing $10 million, these companies find themselves in a precarious position – too large for microfinance, yet too small or risky for traditional banks.
Hospitality in Africa is open for increased business
As Africa’s travel and tourism industry surges, fueled by a growing middle class and a projected CAGR of 8.9% or $731.4 billion by 2032 in the “bleisure” market, the demand for innovative hospitality solutions is booming.
Egypt and the Big 5 Dominate Hotel Development in Africa
In 2024, Egypt and the Big 5 global hotel chains—Accor, Hilton, IHG, Marriott International, and Radisson Hotel Group—lead Africa’s hotel development, capturing a market share of 28% and 71% respectively, as per the latest African Hotel Chain Development Pipeline report by W Hospitality Group. With over 92,000 rooms in 524 hotels across the continent, the report highlights a surge in resort growth and Egypt’s remarkable dominance in the market.