African markets Archives - AfricaBusiness.com

African markets impacted by FX volatility and inflationary pressures in sobering 2023

12Jan

By Africa BusinessNo Comments

Business, Main

African markets impacted by FX volatility and inflationary pressures in sobering 2023

The African business ecosystem has matured, despite a 2023 characterised by macroeconomic and funding challenges, says Risana Zitha, Managing Director and Head of Africa at DAI Magister The global business landscape underwent a profound transformation in 2023, triggering a turbulent year for companies worldwide. Geopolitical turmoil, inflationary pressures, and a shifting economic landscape unleashed a torrent of challenges, particularly for start-ups and growth-oriented companies. In Africa, notable currency depreciations created unfavourable market conditions − the Nigerian Naira saw a 40% depreciation for 2023, while Kenya experienced a 20% depreciation in its currency value. Additionally, there was a contraction in the size and volume of VC deals, with both metrics decreasing by 40% ...

31May

By Africa BusinessNo Comments

Kenya News, Main, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast)

Women Can Add $14.57 Billion to E-Commerce in Africa: IFC Research

Africa’s e-commerce market could grow by more than $14.5 billion between 2025-2030 according to an IFC report published today. The report finds this can be achieved by increasing the number of women selling on online platforms and by providing them with better training and financial support to help them match sales made by men. The report, Women and e-commerce in Africa, found that COVID-19 has accelerated the growth of e-commerce and digital entrepreneurship in Africa and that more women have embraced digital business. However, it also noted that more can be done to promote women’s entrepreneurship and help women overcome e-commerce challenges. For example, e-commerce marketplace platforms are well-positioned to target women-owned businesses with training, and to encourage women’s partici...

13Nov

By Africa BusinessNo Comments

South Africa News

Telecoms journal highlights challenges in the sector

By Thandisizwe Mgudlwa Johan van Huyssteen, PwC Communications Leader for Southern Africa reports that with billions of dollars of international investment flowing in and subscriber numbers rising across the continent, Africa’s communications market is at the inflection point where high potential starts to turn into high growth. And more reports showing that strong growth in the telecommunications sector is being driven by increasing investment, rapid progress in technological and communications services and some deregulation across the African continent. But for many reasons these achievements to date are only just the beginning as Africa’s future potential dwarfs the growth seen so far. These are some of the highlights from PwC’s publication: Communications Revie...

10Oct

By Africa BusinessNo Comments

African News, South Africa News

‘Sh’boom’ heralds launch of major new Standard Bank TV campaign

Standard Bank has launched the next phase of its brand campaign “Moving Forward” including a major television commercial that captures key moments in world history, demonstrating progress and the positive emotion people feel when they move forward. The campaign, developed by the group’s advertising agency TBWA\Hunt\Lascaris, will flight in South Africa and other African markets where Standard Bank has a presence. The 60 second commercial follows a series of global events - from the first flight in the early 1900’s to the first democratic elections in South Africa. These moments capture significant social change and technology advances that have moved the world and humanity forward in a positive way. The famous tune “Sh’boom” by The Crew Cuts, which enjoyed nine weeks at Number...

10Jul

By AfricaBusiness.comNo Comments

African News

Frost & Sullivan: Heavy-Duty Truck Market on the Verge of Increasing Dedicated Global Production Platforms

Nearly one in three trucks manufactured by 2018 to feature platform based lineage MOUNTAIN VIEW, Calif., July 10, 2012 /PRNewswire/ -- After less than 10 years, since Western original equipment manufacturers (OEMs) started entering Brazil, Russia, India and China (BRIC) markets with serious intent, the very face and structure of the global heavy-duty truck market has changed. Markets considered an afterthought a few decades ago are now dictating the course of global commercial vehicle demand and the growth of the industry. Seismic changes shaping the global commercial vehicle industry have truly flattened the world, where OEMs from both triad (United States, European Union and Japan) and non-triad markets are aggressively competing for sustainable and robust growth. As they begin developin...