African business Archives - Page 2 of 7

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 ...

14Mar

By Africa BusinessNo Comments

African News, Startups

Hong Kong rolls out red carpet to African business

Hong Kong, Asia’s leading business destination and the gateway to Mainland China and Asia, is stepping up its efforts to attract African business, with the opening of an InvestHK representative office in Africa. InvestHK, the department of the Hong Kong Special Administrative Region (HKSAR) Government responsible for Foreign Direct Investment, has a presence in 33 markets and is now actively building mutually beneficial relationships with leading African and South African enterprises such as major banks, metro development organisations, and the JSE. Speaking at a briefing at the JSE in Johannesburg, InvestHK Director-General of Investment Promotion Stephen Phillips noted: “Africa is an important part of our strategy, therefore we are building relationships and representation in South A...

3Mar

By Africa BusinessNo Comments

Business, Ghana News

Yofi Grant, CEO of GIPC, is the African business personality of the year 2022, and Ghana represented by GIPC is the best FDI destination in Africa

Yofi Grant, the esteemed CEO of the Ghana Investment Promotion Centre (GIPC), has been honored with the prestigious title of African Business Personality of the Year 2022 by International Investor Magazine. This coveted award recognizes Yofi Grant's outstanding leadership and contributions to promoting investment and economic growth in Ghana and across Africa. Furthermore, GIPC, representing Ghana, was also awarded "Best FDI Destination in Africa for 2022," solidifying its reputation as an innovative leader in fostering foreign direct investment opportunities in Ghana and the continent as a whole. It is a major milestone for the GIPC and illustrates the hard work and dedication of the CEO in steering Ghana to become one of Africa’s most attractive investment destinations on the back of ...

Sendmarc secures $7m funding to help make the internet a safer place

13Feb

By Africa BusinessNo Comments

Tech

Sendmarc secures $7m funding to help make the internet a safer place

Sendmarc, a leader in email and domain security, has announced a $7 million series A funding round led by Atlantica Ventures and supported by Allan Gray E-Squared Ventures, Fireball Capital, Endeavor Catalyst, 4Di Capital, Kalon Venture Partners, Endeavor Harvest, and Alpha Private Capital. The funding will be used to expand Sendmarc's market enablement strategy and to continue improving its product, with a focus on being the best in email and domain security – making the internet a safer place. “We are proud to have protected over 10 billion emails from impersonation last year” says CEO and founder Sam Hutchinson, “And with this new funding we can expand our market enablement strategy and also continue to improve the product, while remaining hyper-focused on being the best in this specif...

Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity

29Dec

By Africa BusinessNo Comments

Africa Travel, Business, Senegal News

Rolls-Royce: Sustainably Powering Africa’s Regional Connectivity

By Lydia-Claire Halliday, Executive Director, Stakeholder Relations & Strategy, LCH Consultancy Ltd. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure The African aviation market has been underserved for a long time. Before 2020, only 9% of Africa's air traffic was between African countries, the rest being intercontinental. And today, globally, the region accounts for less than 2% of total air traffic despite being home to around 17% of the world’s population. Africa urgently needs a more extensive and robust aviation network, given the region's relative lack of alternative long-distance transportation infrastructure. Indeed, unlike the United States and Europe, where there ...

An update on free trade in Africa – the Guided Trade Initiative, regional value chains and measures for sustainable trade

17Nov

By Africa BusinessNo Comments

Business

An update on free trade in Africa – the Guided Trade Initiative, regional value chains and measures for sustainable trade

By Virusha Subban, Partner Specialising in Customs and Trade and Head of Tax, Baker McKenzie, Johannesburg The AfCFTA Guided Trade Initiative (GTI) is the latest development designed to boost trade in the Africa's continent-wide free trade zone. The GTI was launched in October 2022 with the aim of testing meaningful, continuous trade under AfCFTA and to assist in the development of regional value chains that will allow for more climate-friendly, sustainable trade across the continent. The GTI will test AfCFTA's policies, legal framework and operational and institutional environments. There are eight countries participating in the GTI that have all met the minimum requirements in terms of AfCTA's tariff book and rules of origin - Cameroon, Egypt, Ghana, Kenya, Mauritius, Rwanda, Tanzania ...

21Sep

By Africa BusinessNo Comments

Business, Startups

The African Business Landscape: Evolving and Growing

The African business landscape is undergoing a transformational shift, with more businesses and startups in Africa than ever before. According to the latest research, there are now over 2,000 businesses and startups in Africa that have received investment from venture capitalists. This is a significant increase from just a few years ago, when there were only a handful of African businesses that had attracted investment from VCs. The rise in VC investment in Africa is being driven by a number of factors, including the increasing global interest in Africa as an investment destination, the growth of the African consumer market, and the rise of African entrepreneurship. There are many reasons why VCs are increasingly investing in Africa, but the most important reason is the continent's enor...

8Sep

By Eugene NizeyimanaNo Comments

Business

Sports Tourism: The Key To Economic Development In Africa

By Eugene Nizeyimana, Founder and CEO of African Business Chamber Of a variety of ways to develop an economy, sports and tourism are major contributors to social and economic development in most countries. There are many types of tourism opportunities that countries invest in, to propel and initiate development strategies. One such tourism type is sports tourism. Sports and Tourism have a major socio-economic impact, are appreciated in most civilian societies, and are increasingly recognized by governments and global business communities. Sports tourism is and has been in the last decade, one of the growing sectors in tourism across the world. Sporting events attract tourists, participation, and support business communities in many forms, where host communities exhibit and showcase local...

African Exhibition Industry Outlook: Unlocking untapped opportunities in Africa

1Sep

By Africa BusinessNo Comments

Business

African Exhibition Industry Outlook: Unlocking untapped opportunities in Africa

UFI, the Global Association of the Exhibition Industry, in partnership with GL Events South Africa, and in collaboration with the African Association of Exhibition Organisers (AAXO) will be organising the Africa Exhibition Industry Outlook on 13 September 2022. Africa, today, accounts for around 17% of the world’s population. The world’s youngest and fastest-urbanising continent, Africa will have 24 million more people, on average, living in its cities each year between 2015 and 2045 – more than India and China combined.[1] These figures reinforce the importance of investing in Africa as a sustainable corporate strategy for foreign investors due to the countless opportunities available across sectors – especially the exhibitions industry which facilitates and drives intercontinental coll...

11Feb

By Paul TomNo Comments

Business

Why Africa Is One of the Fastest Growing Consumer Markets in the World

For over a century, foreign direct investment (FDI) in Africa was solely centered around the extraction and export of natural resources. Today, the momentum has shifted, and global investors are going to Africa more for its consumer-based power rather than for its physical properties. As such, mining and petroleum now account for a minority share of long-term capital inflows. Investors are focused on retailing, services, and telecommunications. But how did the trend shift to a fast-growing consumer market? Factors include: Increasing affluence Population growth Rising urbanization rates The rapid spread of mobile phones and access to the internet Africa has been thought of as the “last market,” and the continent’s consumers are becoming increasingly valuab...