African businesses Archives - AfricaBusiness.com

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 ...

24May

By Africa BusinessNo Comments

African News, Events, Nigeria News

The International Arbitration Conference Will Reveal the Benefits of Arbitration for African Businesses

In its Centenary year, the ICC’s International Court of Arbitration has set servicing African commercial disputes as one of its top strategic priorities. Speaking as the 7th ICC Africa Conference on International Arbitration prepares to kick off in Lagos at the end of this month, (31 May to 2 June), ICC Court President Claudia Salomon said “Our aim is for the African business community to see the ICC Court as their go-to partner for dispute prevention and resolution. And as we invest in, develop and deliver this strategy we are determined to include local voices, rather than impose our own ideas as a foreign institution. This conference will be hugely significant in placing arbitration, and our particular brand of it, centre-stage for the handling of African commercial disputes”. To da...

23May

By Africa BusinessNo Comments

Main

Robust Governance and Planned Succession are Key for African Family Businesses

Faizal Bhana, Director – Middle East, Africa and India, Jersey Finance The pandemic underscored the importance of integrating the next generation, or NextGen, into the family business. Many families experienced tragedies, losing their patriarch or matriarch, propelling their next generation to senior roles, for some reluctantly. Succession planning and governance for families has been back in the spotlight since, highlighting its critical importance for business continuity. At the same time, regulatory and political landscapes are becoming increasingly complex and those working to advise families must adapt and be ready to navigate an ever-changing business environment. Family businesses in Africa make a considerable contribution to the economic prosperity of the continent and this is...

21Feb

By Africa BusinessNo Comments

Business

Better Dispute Resolution key to opening up Africa opportunity

As the International Chamber of Commerce (ICC)'s Court of Arbitration celebrates its 100th anniversary this year, President Claudia Salomon describes the organisation's African ambition: to become the number one choice for dispute resolution and prevention services for African businesses - and to establish a major presence on the continent. A first focus for the Court’s Africa outreach has been selling the benefits of arbitration per se: ie articulating the confidence it gives businesses trading across borders, knowing that any disputes will be handled fairly, (ie in a forum that is neutral, independent and free from political bias), and that any decisions will be easier to enforce. Indeed the concept has been gaining traction for some time as Africa’s economies have grown, with local ar...

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...

12Dec

By Darryl BernsteinNo Comments

Main, South Africa News

ESG obligations leading to the risk of increased litigation for African businesses

By Darryl Bernstein, Partner and Head of the Dispute Resolution Practice at Baker McKenzie in Johannesburg As African businesses begin to recover and build the resilience needed to successfully navigate COVID-19 disruption, a focus on Environmental Social and Governance (ESG) strategies is proving to be essential for long-term success. In order to stay competitive, organisations based in Africa are engaging meaningfully with ESG to build robust sustainability strategies that meet stakeholder expectations and enable compliance with global and domestic mandatory and voluntary ESG standards and codes. ESG encompasses a broad range of issues across the spectrum of Environmental (climate change, biodiversity, waste, water and resource use, pollution), Social (human rights, labour practices, H...

16May

By Chido Pamela MafongoyaNo Comments

African News, Business, South Africa News

South Africa: The Protection Of Personal Information Act (POPIA); Mandatory Appointment Of Information Officer – What You Need To Know

By Chido Pamela Mafongoya, Centurion Law Group With the Fourth Industrial Revolution at play and the increase of internet usage, the Protection of Personal Information Act 4 of 2013 (“POPIA”) was designed to ensure the protection of personal information when being processed. The main aim of the POPIA is to protect data subjects from security breaches, theft, and discrimination. The POPIA also aligns South Africa’s privacy laws with international standards and international best practices. In terms of POPIA, all organizations who process personal information are required to adopt measures to ensure the protection of personal information. It is mandatory for all data processors and responsible persons to comply with POPIA. The Act provides for a one-year transition period, allowing impac...

16May

By Achare TakorNo Comments

African News, Cameroon News, Startups

Incentives For Digital Economy Production In Cameroon

By Achare Takor, Head of Intellectual Property Desk, Centurion Law Group An Overview of Section 124b of the General Tax Code Over the last decade, information technologies (IT) have revolutionized the way people and businesses carry out their daily activities worldwide. There is abundant evidence that the upsurge of technology has been a major contributor to fundamental economic change, notably the growth in global production and the distribution of intangible goods and services. As a result, the digital economy has become the new focus for economic growth in developing countries. With ICT set to become the engine of development in Cameroon in its role as a hub in the Central Africa sub-region, the 2021 tax scheme has been updated to promote innovative ICT start-ups. Eligibility for ...

14May

By Africa BusinessNo Comments

African News, Events, Tech

Africa as a magnet for investors | Africa Tech Week 2021

The much anticipated Africa Tech Week summit took place on the 5th and 6th of May. Joined by phenomenal speakers and acclaimed sponsors, the event took off to new heights. In a panel discussion by Marian Croak, vice president of engineering at Google, and Lindiwe Matali founder and CEO of Africa Teen Geeks, the importance of mentorship for young girls and women was highlighted. Marian serves as an excellent mentor and departed sterling advice on achieving your goals in manageable steps at a time. Yemi Keri, CEO of Heckerbella and co-founder of Rising Tide Africa spoke on the reasons investment in Africa is a golden opportunity. Since the continent has the most youthful population in the world, and this young group behaves as the early adopters of tech, it makes for incredibly fertile groun...

9Mar

By Africa BusinessNo Comments

Events, Kenya News, Medicine, South Africa News, Startups

Announcing Winners of the 8th Edition of the Sankalp Africa Summit Awards

Over 1,200 delegates virtually convened for the 3-Day summit on ‘A Resilient Africa - Forging Solutions for the Impact Economy’ Sankalp Forum, an initiative of Intellecap hosted its 8th Edition of the Sankalp Africa Summit, in a virtual format, from the 2nd to 4th March 2021, one of Africa’s largest inclusive networking platform focusing on entrepreneurship and the impact investing ecosystem. Some of the key highlights of the summit include the awarding of the top three most innovative young entrepreneurs in Africa and sharing of sector insights on, rebuilding a resilient universally accessible health system capable of rapidly detecting, assessing, reporting; rebuilding robust local institutions in Africa to attain globally competitive levels post Covid-19; and eliminating social and econo...