Friday, November 22African Digital Business Magazine

Tag: African business

Main

How to: Transform Lobbying

For businesses in Africa, lobbying can play a vital role in creating a more open, business friendly legal system which is fit for purpose. However, throughout history, the process of lobbying policymakers has been open to abuse and at times, controversial. One only has to look at Britain’s current Greensill scandal and the accusations facing the government of cronyism to know that there is often no easy solution to these problems, and even with legislation in place, the lobbying process can be wide open to abuse. The pandemic has also exposed the often-blurred lines between the public and private sector, especially when it comes to awarding contracts for public health work. Why is lobbying important? However, whilst the motivators and ethics behind certain lobbying activities can certainly...
Tech

Top Tech African Entities Collaborate to Boost Digital Transformation for 2021 and Beyond

“To inspire people, don’t show them your super powers. Show them theirs -” Alexander den Heijer. Africa Tech Week advocates are setting out to do just that. The event is the golden opportunity to showcase what’s hot in tech on the African continent - a platform to demonstrate to the rest of the world Africa’s super powers. Welcome to the ‘new frontier,’ Africa Tech Week, created in Africa, for Africans, by Africans. The event is taking place on the 5th and 6th of May, and we are expecting an excess of 3000 attendees. Everyone is aware that Africa has faced challenges, and it is together that we can solve them. Africa is a hotbed of potential in terms of measuring and testing concepts and ideas. What we lack in capital, we make up for in passion, resilience and a ‘can do’ attitude. Africa T...
Afrikrea Launches ANKA to Power Global African E-Commerce
Business, Republic of Côte d'Ivoire (Ivory Coast)

Afrikrea Launches ANKA to Power Global African E-Commerce

Ivorian company partners with DHL and Visa and builds SaaS Platform for omnichannel global selling for African micro retailers Afrikrea, the e-commerce platform for “all things made of Africa”, is launching ANKA - an all-in one SaaS solution to provide a seamless ecommerce, payments and global shipping online service for thousands of micro retailers and businesses on the continent and around the world, as it continues to power e-commerce for Africa. Launched to coincide with Afrikrea’s fifth anniversary of operations, ANKA (meaning “Ours” in Bambara and Djoula) allows merchants to easily: Sell via a customised online storefront (like Shopify), social media platforms or by links such as on Gumroad and also the Afrikrea marketplace. This is carried out via an omnichannel dashboard with ...
Events

Sustainable Entrepreneurship in Africa Webinar Series 

The Africa Centre in collaboration with Learning Connected presents a webinar series on sustainable entrepreneurship in Africa from 12-15 April 2021. The series of live, interactive webinars explore Africa-focused sustainable development challenges, practical solutions, case studies as well as emerging trends and opportunities through interactive presentations and discussions.  By connecting entrepreneurs, students, educators, makers, researchers and industry experts, the webinar series provides a platform for the exchange of knowledge to catalyse new partnerships and drive practical actions for sustainable development in Africa. 18 leading entrepreneurs working in 12 African countries will share the impact of their enterprises in solving challenges in IT, economy and employment, education...
Cameroon News, Main, Nigeria News

Successful Development In Africa

Economic Trends 2000-2020 by Dirk Bol March 2021 Introduction In this paper I intend to review Africa’s economic progress since the year 2000, so two decades. When I say Africa I mean  Sub-Saharan Africa (SSA), 47 to 49 countries excluding the five North African ones (but including Somalia without data and South Sudan with little data). Africa (SSA) today accounts for around 14% of the world’s population, but only about 2% of global GDP. In the first part I review data with respect to the economic development of the continent during the last two decades, 2000-2020, with respect to economic growth, poverty, and the structure of the economy. This overview ends at the end of 2019, so does not include the corona crisis nor locust plague or other calamities (ethnic confict Ethiopia, ISIS i...
AMAKA Studio: A Publisher Dedicated To Celebrating Pan-African Womanhood Launches
Business, Nigeria News

AMAKA Studio: A Publisher Dedicated To Celebrating Pan-African Womanhood Launches

AMAKA Studio (AMAKA) launched on 11 March. Founded by 25-year-old Nigerian-American CEO Adaora Oramah, the online platform will spotlight nuanced stories for women from Africa and across the diaspora. Intentionally launching the week of International Women’s Day, AMAKA kicks off by celebrating its reason for existence -  Pan-African womanhood - for the entire month of March. The celebrations have begun with several high-profile interviews, including conversations with Kenyan-American singer-songwriter and actress Victoria Kimani and Nigerian superstar Teni.  With a mission to produce inclusive and culturally relevant content that represents the perspective of Pan-African women, AMAKA’s Editorial team will create content that unites women across geographical and language boundaries. One mis...
The top 5 reasons why investing in Ireland makes sense for African businesses
Business, Main, South Africa News

The top 5 reasons why investing in Ireland makes sense for African businesses

By Daireann Gibson, Managing Partner at Gibson & Associates Solicitors Ireland is becoming an increasingly popular destination for individuals from across Africa who are looking to move abroad. South Africa in particular has seen 3,000 immigrants choose Ireland as their new home, and for investors in particular, Ireland provides a wealth of opportunities. The relationship between Ireland and the continent of Africa has long presented a lot of potential with regard to business. Plans are currently in action to increase the value of a two-way trade deal between Ireland and Africa, which is projected to be worth at least €5 billion by 2025. Trade in goods and services between Ireland and Africa increased by 29% between 2010 and 2017, from €3.4 billion to €4.4 billion. In addition, Irish e...
Events

African finance heavyweights slated to make an appearance at The Africa Financial Industry Summit

Organised in partnership with the International Finance Corporation (IFC), the inaugural Africa Financial Industry Summit will be held online this coming 10 and 11 March and gather the most influential voices and institutions in African finance. The Africa Financial Industry Summit’s extensive list of speakers includes executives from the largest banks and insurance companies operating on the continent, Africa’s most dynamic mobile money operators and microfinance institutions, as well as the continent’s most innovative fintech firms and influential regulators and finance ministers. A cohort of 400 high-profile decision-makers representing every segment of Africa’s financial industry will gather to collectively address the post-Covid recovery of this industry pivotal to the continent’s fu...
Deal making slows across Africa but post-pandemic opportunities look interesting
Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Nigeria News, South Africa News

Deal making slows across Africa but post-pandemic opportunities look interesting

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free trade across the continent, foreign investment opportunities due to new partnerships and trade relationships, as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition (M&A) activity to the region. Further, South Africa’s deal volume and value both dropped in 2020, with the industrials and healthcare sector attracting the biggest investments. Ghana stood out as a country that...
Egypt News, Ghana News, Kenya News, Main, Mauritius News, Nigeria News, South Africa News

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compared to H2 2019 with 329 deals in the period. Deal value fell by 17% to USD8.9 billion in the second half of 2020, compared to the same period in 2019. For the full year 2020, transactions dropped by 8%, with 625 deals in 2020, and deal value dropped by 33%, with deals valued at USD17.4 billion in total for 2020. However, as Africa gears up for its post-pandemic recovery, it appears that the opportunities presented by the recent launch of fr...