africa Archives - Page 3 of 33 - AfricaBusiness.com

19Sep

By Africa BusinessNo Comments

Fintech

The gender financial inclusion gap in Africa

By Kairi Brand, Head of Talent Management, Admirals While financial inclusion is growing in importance worldwide there is still a discrepancy between male and female financial inclusion – the so-called gender financial inclusion gap. At a global level, the World Economic Forum’s 2022 Global Gender Gap Report estimates it will take an average of 132 years to achieve gender equality globally! The African continent is no exception. It appears that there are several reasons for this. In many African societies, it is men who handle the financial affairs in a family, with the woman managing the household and caring for children. Women in emerging African economies also often have lower financial literacy levels on account of lower levels of education. Moreover, in some countries, legal and re...

4Sep

By Africa BusinessNo Comments

African News

However, Russia is cautious in West Africa

By Cheikh Mbacké Sene Expert in economic intelligence and sensitive communication - Economic analyst Russia is seeking to escape international isolation following its invasion of Ukraine and is turning to an Africa that is increasingly inclined towards cooperation alternatives. That's good, each party seems to have to offer what the other is looking for. But still at what price and what conditions, not to repeat the model that the continent has developed with its historical partners in 60 years and considered so far "unbalanced"? And how to apprehend a calculating and fairly cautious Russia that does not respond blindly to the "calls" of the military juntas in power in at least four ECOWAS countries? Economic partnership in the sectors of raw materials such as agriculture and hyd...

15Aug

By Africa BusinessNo Comments

Business

How Africa is Becoming a Global Business Giant

By Alex Sanders If you ask people around the world which countries and continents are global leaders in business, most likely you’ll hear the United States, China, and European countries come up. However, a shift appears to be happening: Africa is starting to emerge as a real player in world commerce. Because of its natural resources, younger population, and growing middle class, Africa is becoming an attractive option for investors and corporations. This article will explore some of the ways Africa is raising its profile in global business. From hosting more summits and conferences to entrepreneurship and innovation, foreign direct investment, and regional integration, Africa is demonstrating a potential to drive economic growth and shape the future of the global economy. Access to Wo...

7Jul

By Africa BusinessNo Comments

Business, Main

The Importance of Intellectual Property for The African Continent & Why Brands Should Be Paying Attention

By Daniel Anti, Bird & Bird daniel.anti@twobirds.com There’s no doubt that Intellectual Property (IP) is a key driver in the promotion and creation of innovation, economic growth and, some might argue, a ‘better world’. For the continent of Africa, there has for a time now been (and no doubt we will continue to see) a sharp surge in technological advancement and economic transformation which has led to and resulted from the creation of IP. Whilst the continent itself consists of a vast number of countries, and there are individual and specific considerations (political, systematic, historical and other wise) for each of them which should never be ignored, the innovation trend nonetheless taken as a whole is on an upward curve. Brands within Africa and outside of it should conside...

Applications now open for Africa Fintech Summit’s 6th AlphaExpo Micro-Accelerator Cohort

5Jul

By Africa BusinessNo Comments

Events, Fintech, Zambia News

Applications now open for Africa Fintech Summit’s 6th AlphaExpo Micro-Accelerator Cohort

LUSAKA, ZAMBIA: The Africa Fintech Summit, the largest bi-annual fintech event in Africa, announces the application for its 6th AlphaExpo Micro-Accelerator cohort. The AlphaExpo is a program at the heart of the Africa Fintech Summit mission. This year the program will enable up to 15 African startups the opportunity to attend and exhibit at this November’s AFTS in Lusaka, Zambia on November 2-3, 2023 as a VIP delegate. Cohort participants will also take part in the AlphaExpo Pitch Competition on Friday, November 3rd, formally concluding this year’s AFTS festivities. Industry events are great ways for early-stage entrepreneurs to kick-start fundraising, partnership, and business development conversations in addition to amplifying their company’s profile to a global audience. Oftentimes,...

First integrated drone delivery solution for laboratory samples and medical supplies in Africa

1Jun

By Africa BusinessNo Comments

Medicine, Tech

First integrated drone delivery solution for laboratory samples and medical supplies in Africa

Siemens Healthineers to collaborate with German drone manufacturer and service provider Wingcopter to pilot an integrated drone delivery solution for healthcare facilities throughout Africa 2-way delivery system transporting blood samples, vaccines, and pharmaceuticals to improve access to sample analysis, accelerate diagnosis and allow faster treatment for rural communities Siemens Healthineers Middle East, Southern & Eastern Africa and Wingcopter GmbH have signed a Memorandum of Understanding (MoU) to develop and roll out an integrated drone delivery solution to transport various laboratory diagnostics materials as well as other medical supplies in Africa. The combination of Siemens Healthineers’ Laboratory Diagnostics testing capabilities and Wingcopter’s drone delivery servic...

27Mar

By Africa BusinessNo Comments

Fintech

Unlocking Africa’s credit potential

Adrian Pillay, VP of Middle East & Africa at Provenir Fintech in Africa is coming into its own. According to KPMG data, there was a record $1.6 billion in fintech investment across the continent in 2021, across 153 deals, and at two times the value of 2020, which hit US$800M. From East to West and North to South, countries are seeing sizable deals surpassing anything that came before, and while Nigeria, Kenya, and South Africa are leading the way, new markets, like Egypt, are also catching up. Africa’s financial penetration is relatively low compared to other emerging markets like Latin America. According to The Global Economy, LatAm markets like Chile, Venezuela, and Brazil see 80-90% of their population with bank accounts. This is in stark contrast with Africa, where in 2017, ...

Fintech ImaliPay signs deal with Renda to empower e-commerce across Africa

3Mar

By Africa BusinessNo Comments

Fintech

Fintech ImaliPay signs deal with Renda to empower e-commerce across Africa

ImaliPay, a leading fintech-as-a-service provider, has signed a major deal with 3rd Party e-commerce fulfillment solution Renda (1st March 2023). The partnership will support businesses across Africa by simplifying and streamlining the process of order fulfillment for Enterprise and Medium-sized businesses across Africa, starting with Nigeria. The two companies will provide key services to ambitious businesses, making it easier to reach their target audiences and for consumers to access the products and services they need. Renda is a technology-driven 3rd Party fulfillment solution provider that enables enterprise and medium-sized e-commerce businesses to grow and scale across Africa. It enables e-commerce businesses to easily search and book a storage space, monitor real time status of ...

MENA region is fastest growth area globally for arbitration as better way to solve business disputes

14Feb

By Africa BusinessNo Comments

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 Middle East being the most frequently listed, notably from the UAE, Qatar and Saudi Arabia. The nature of these cases mirrors the profile of the regional economy with some 70% relating to disputes arising from infrastructure and/or energy projects. And looking to the future, the Court is looking to its Abu Dhabi branch to handle the increased flow of work expected from Saudi Arabi's 'Vision 2030' development plans. Since 1923 the ICC Court has played ...

eWAKA Secures a 500 000 CHF Loan from Swiss State Secretariat for Economic Affairs (SECO) Start-up Fund

25Jan

By Africa BusinessNo Comments

Startups

eWAKA Secures a 500 000 CHF Loan from Swiss State Secretariat for Economic Affairs (SECO) Start-up Fund

eWAKA (https://eWAKA.tech/), one of Africa’s most promising sustainable mobility startups, has received strategic support from the State Secretariat for Economic Affairs (SECO) Start-up Fund of the Swiss Confederation. SECO Start-up Fund has offered a 500,000 CHF loan that will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative and sustainable mobility technology in Africa through the local production and promotion of eWAKA’ signature electronic bike known as the Shujaa. Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African cou...