african countries Archives - AfricaBusiness.com

1Dec

By Africa BusinessNo Comments

Benin News, Business, Egypt News, Libya News, Main

The growing US dollar weighs down on African economies

By Pitamber Kaushik As the Federal Reserve, the central bank of the United States, continues to hike its lending rates aggressively in order to rein in persistent inflation, the stress exerted by the bulking US Dollar continues to send ripples throughout the world. Being the predominant medium of international exchange, serving as the world’s principal reserve currency, and being the official or de facto primary currency in some 16 countries, the American dollar wields sizable influence on the global economy. Most African countries are still reeling from the effects of the pandemic and some are going through its aftershocks. High inflation pervades the continent. Sub-Saharan Africa, in particular, is experiencing severe inflationary pressure given its overwhelming reliance on imports fo...

3Dec

By Africa BusinessNo Comments

African News, Egypt News, Ethiopia News, South Africa News

Global Cities Report – Five strategic imperatives for city leaders

Last year’s edition of the Kearney Annual Global Cities report provided a revealing overview of urban centres amid the unprecedented public health catastrophe of the COVID-19 outbreak. A stark snapshot was painted of a volatile, increasingly fragmented environment characterized by fierce competition among cities for status, a situation acutely exacerbated by the coronavirus pandemic. “The 2020 report provided a perspective on where the world was just before the impact of COVID-19 was felt. In this year’s report, the data used—largely collected from 2020 and early 2021 publications—provides a view of the impact of the first year of the pandemic. It also sheds light on the different recovery trajectories across the world’s global cities,” says Prashaen Reddy, a partner at global managemen...

21Oct

By Angelo TzarevskiNo Comments

Main

Increasing competition policy enforcement across Africa

By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade and industry following the devastating impact of COVID-19. The effects of the pandemic have led to negative economic growth in a number of African jurisdictions, and have given rise to opportunistic, anticompetitive behaviours such as unreasonable price increases and price gouging, coordination amongst competitors, and other unsavoury business practices that erode competition. Over the pas...

28Mar

By Dirk BolNo Comments

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...

23Jan

By G4SNo Comments

Business, Tech

How Risk 360 technology is helping business security in Africa

In Africa, as in other parts of the world, Risk 360 is giving our customers real-time information to reduce the threats they face and optimise their resources. It’s taking our service beyond what our clients thought was possible, and helping to improve the international reputation for doing business in Africa. In a secure control room located in the heart of Africa, a team of G4S analysts pour through data looking for clues to what might be about to happen. Their mission - to get inside the mind of a criminal, and stop their crimes before they take place. It might sound like the plot of Steven Spielberg’s movie Minority Report, but in reality what G4S is rolling out across Africa is a technology that relies not on artificial intelligence, but on the analysis of thousands of data sets. It’...

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

21Nov

By NJ AyukNo Comments

Angola News, Cameroon News, Energy, Gabon News

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak oil,” when crude production reaches its maximum rate before going into permanent decline. Predictions run the gamut: OPEC’s latest World Oil Outlook, for example, forecasts increasing oil demand for two more decades. But the International Energy Agency stated in its 2020 World Energy Outlook report that demand for oil probably will plateau after 2030. And the 2020 energy outlook from BP states that the world has already passed peak oil and predicts even greater drops in demand as countries comply with carbon dioxide abatement measures. While no one can p...

South Africa on a clear path to benefit from trade in manufactured goods with other African countries

18Oct

By Virusha SubbanNo Comments

South Africa News

South Africa on a clear path to benefit from trade in manufactured goods with other African countries

By Virusha Subban, Partner Specialising in Customs and Trade, Baker McKenzie Johannesburg President Cyril Ramaphosa outlined the country’s Economic Recovery Plan on Thursday 15 October 202o, during which he explained that South Africa imported goods (excluding oil) are worth around ZAR1.1 trillion annually, and that if just 10% of these were manufactured locally, the country would add 2% to its Gross Domestic Product (GDP). Further he said that the rest of Africa currently imported ZAR 2.9 trillion in manufactured goods from outside the continent, and if South Africa could supply 2% of those goods to its African peers, it would add 1.2% to its GDP. The African Continental Free Trade Agreement (AfCFTA), which entered into force on 30 May 2019, will streamline intra-African trade in manufac...

Telemedicine in Africa as a concrete way to solve some problems

21May

By VGNo Comments

Main, Medicine, Science, South Africa News, Startups

Telemedicine in Africa as a concrete way to solve some problems

Tools for innovation: mobile applications, medical specialized websites for medical personnel, scientists, and for educating people in the field of medicine, crowdfunding fundraising campaigns, mobile medical cars and other innovations The use of telemedicine can greatly help in solving the problems of medicine in African countries. The creation of special telemedicine websites within a specific country and a single telemedicine portal on the African continent will help the development of medicine and the solution of problems in this area. Thanks to this, an exchange of experience will be carried out between doctors, scientists both in a particular country and throughout the African continent. Joint remote conferences will create a plan for the development of medicine based on a real under...

26Dec

By Africa BusinessNo Comments

African News

A company that knows how to make things look easy

By Thandisizwe Mgudlwa Alcatel-Lucent has a success story to tell. Its stories, references and activities in Africa in 2012 is a lesson for many other organizations who what to make it big on the continent. In a recently published document Alcatel-Lucent shares references, successes, achievement and activities in Africa; as well as vision of African Market and broadband according to Daniel Jaeger, Vice-President of Alcatel-Lucent in Africa. News from Algiers, Algeria reveal that broadband for Africa, realize the potential of a connected world and tackle rural inclusion. I – Alcatel-Lucent presence, activities and foot print in Africa. II- Broadband in Africa, vision and view according to Daniel Jaeger Vice-President of Alcatel-Lucent Africa. III - Alcatel-Lucent’s pres...

20Dec

By Africa BusinessNo Comments

African News

A ten-year strategy to support the development of social protection systems in Sub-Saharan Africa

STORY HIGHLIGHTS Social protection, which comprises both social assistance and social insurance programs, is a powerful tool to reduce poverty and vulnerability The World Bank has a new 10-year strategy for social protection in Africa (2012-2022) The vision is to help governments build country-owned national social protection systems Social protection, once thought of as exclusive to rich and middle-income countries, is being increasingly employed in low-income countries in Africa, where policymakers are recognizing its potential as a powerful tool to reduce poverty, vulnerability, and social inequality. The food, fuel and financial crises of 2008 have shown the vital role that social protection can play in cushioning poor and vulnerable households from shocks. Acro...