Tuesday, November 19African Digital Business Magazine

Tag: African business

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 ...
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13Sep By Africa BusinessNo Comments
Business, Main

Why Africa’s Approach to Financial Risk Management Needs to Change

By Reggie Mlangeni, Head of Sales and Structuring at Absa Corporate and Investment Banking When detached from the intricate realities of Africa’s economic environment, financial risk management strategies that may prove successful elsewhere often falter.  For nations grappling with rising levels of sovereign debt, unpredictable regulatory uncertainties, and the far-reaching repercussions of political transitions, traditional frameworks, often borrowed from more stable economies, fail to account for the volatility and complexity inherent in many African markets – necessitating a re-evaluation of how financial risks are quantified and managed on the continent. Recent developments in several countries have been particularly illustrative of this. In Ghana, faced with substantial revenue co...
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13Sep By Africa BusinessNo Comments
Business, Startups

African companies must recognise strategic M&A as the most viable exit strategy, says investment bank CEO

Founders can prepare diligently for M&A exits by identifying the right pools of buyers, stress-testing business plans and clearly defining value propositions Impacted by global economic issues and geopolitical tensions, African companies have faced a challenging 12 months in terms of VC-backed activity. However, for any founders considering their best route to a profitable exit, one option has emerged as the obvious choice: acquisition. This trend is highlighted by Pitchbook data evaluating the African VC ecosystem in Q1 2024, which revealed that of all the exits achieved across the period, each and every one was secured via acquisition. In contrast, no public listing or buyout deals were completed. According to Victor Basta, CEO and Founder of investment bank DAI Magister, African ...
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19Aug By Africa BusinessNo Comments
Business, Interview, Kenya News, Main

Problems And Prospects Of Family Businesses: Trusts, ESG, NextGen, And What Is Needed For Success

Interview with Faizal Bhana - Director – Middle East, Africa and India Jersey Finance.  Interview with Faizal Bhana, Director, Middle East, Africa and India, Jersey Finance, delves into the evolving landscape of family businesses and how they navigate the diminishing trust advantage amid rising ESG (Environmental, Social, and Governance) demands and NextGen aspirations. How has the use of trusts evolved for family businesses over the past decade? Over the past decade, the use of trusts has evolved significantly for family businesses. Increased regulatory scrutiny and transparency demands have led to more structured governance frameworks and a more planned approach. Families are increasingly using trusts to manage succession, mitigate long-term risks and ensure long-term sustaina...
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How Africa Trades by Professor David Luke wins BCA African Business Book of the Year
4Jul By Africa BusinessNo Comments
African News, Business

How Africa Trades by Professor David Luke wins BCA African Business Book of the Year

David Luke, Professor in Practice and Strategic Director at the Firoz Lalji Institute for Africa at the LSE, wins the prestigious award for his book How Africa Trades at the BCA African Business Book of the Year Awards. Dipo Faloyin is the first runner up for his book Africa is not a country. Ethiopian Airlines: the African Aviation Powerhouse by Jozef Mols is the second runner up. Organisers encouraged more storytelling of businesses in Africa, and congratulated all those who entered. $17,500 of prize money distributed to the winners and runners up. The Business Council for Africa (BCA) held its highly-anticipated BCA African Business Book of the Year Awards ceremony last night, honouring exceptional contributions to business literature in Africa. The even...
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29Apr By Africa BusinessNo Comments
Tech

Companies are overlooking the potential of the African cloud ecosystem, says DAI Magister

International cloud orchestration companies could tap into rapidly growing demand for cloud services through African expansion There is a vast gulf in the rate of cloud adoption between emerging and mature markets. In Europe and North America for example, virtually every company with over 250 employees has adopted the cloud in some form, whereas only 17% of the 6,000 African companies with a headcount above 250 are fully on the cloud. According to Oliver Warren, Associate at investment bank DAI Magister, this untapped potential represents a nearly $1bn opportunity that remains largely untouched by existing cloud orchestration players. Warren said: “Despite the size of the industry, there are virtually no startups in Africa specifically focusing on cloud orchestration. For international ...
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How will Digital Transformation evolve the Blockchain Practices in African Countries?
17Mar By Africa BusinessNo Comments
Fintech

How will Digital Transformation evolve the Blockchain Practices in African Countries?

By HariKrishna Kundariya The use of blockchain practices has been rising in every industry. Today, every single industry is making the most out of it and making things easier for their audience to deal with it. If you are thinking how blockchain practices is going to get better with digital transformation, then you have landed on the right page.  Africa is at the cusp of a digital transformation revolution. Not only this, in this part of the world, blockchain is poised to catalyse unprecedented growth across different industries. With a median age of 19 years and rapid technology adoption, the continent is well-positioned to leapfrog legacy systems with decentralized solutions.  Here in this post, we are going to examine and discuss the key sectors in African countries that may evolve t...
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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...
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29May By Africa BusinessNo Comments
South Africa News, Tech

Cloud revolution enables businesses to leverage cloud while using on-prem systems

By Udhveer Sookraj, Data Integration Specialist at Insight Consulting Moving to the cloud certainly makes sense from an African business perspective, despite some serious challenges and risk factors unique to these shores. However, not all businesses can take the plunge. Some businesses are reliant on expensive legacy systems that work well for them, while others are dissuaded from the move because of budgetary and compliance concerns. Luckily, a revolution in how cloud computing is approached means businesses not quite ready to migrate to the cloud fully can extract the benefits of being in the cloud while still using their own on-prem systems, which effectively redoubles security efforts and removes legislative compliance headaches. Before we get there, let’s take a look at the contex...
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4Apr By Africa BusinessNo Comments
Egypt News, Main

Arbitration as a Key Tool for Businesses in the MENA Region

By Samaa A. Haridi,  Vice President (Egypt and USA) of the ICC International Court of Arbitration and a Partner at law firm King & Spalding. International arbitration has become a key tool for conducting business in the Middle East and North Africa (MENA) region, especially now that an increasing number of MENA businesses cross regional and international borders. The reasons behind this trend range from the need for neutral and efficient dispute resolution mechanisms, to the growing recognition of the benefits of international arbitration by governments and businesses alike, and the desire to protect investments. International arbitration offers a neutral forum for resolving disputes, which provides a level of comfort and security for businesses that operate across borders, as they ...
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