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updated Thu. April 26, 2018

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The report also noted that $7.5 billion in non-local currency debt was raised by African companies in international debt capital markets, a 68 per cent increase ... with Africa Development Bank Group, CDC Group and PwC, provides clear evidence of significant investment and growth in African business. capital
Business owners and community members marched to Tukwila City Hall last Thursday to deliver a letter protesting a proposed police station and courthouse that would displace two dozen small businesses, most owned by East African refugees.

Established information technology markets - like the UK, Europe and even South Africa - often take cloud computing for granted as the ideal platform for innovation and global expansion. One reason could be that these markets gradually adopted cloud computing as and when their legacy ...

More enterprises across Sub-Saharan Africa are accessing new efficiencies through data processing to unlock value in both the private and public sectors. This is the view of regional manager for SADC at NetApp, Morne Bekker, a little over a year after taking on the role. "The data explosion is happening.
Despite the obvious difficulties of being a pan-African business, economic integration across the continent is "gathering speed," according to a new report by the Boston Consulting Group (BCG). African companies, including airlines, financial institutions and telecoms operators are leading this charge ...
Where African businesses were once questioning whether or not to use the cloud, they're now asking how they can benefit most from it. ... "While a South African business might view the cloud as a means of beating the competition to market, for a Kenyan or Nigerian business, it could be a way of ...
About US$13.5bn was raised in the equity capital markets in Africa or by African companies in non-African capital markets in 2017, a 49 per cent increase from 2016. Similarly, US$7.5bn in ... The analysis aims to provide clear evidence of significant investment and growth in African business. Some ...
The Tanzanian government has received its third Bombardier aircraft, landing in Dar es Salaam on 2 April. The Bombardier Dash 8 Q-400 plane landed in the Julius Nyerere International Airport after being retained in Canada since mid-2017. “Our third bombardier plane is expected to arrive and received ...
Kenya has confirmed that it will not be raising its value added tax (VAT) in order to follow the uniform rate used by its neighbouring countries in the East African Community (EAC). On 3 April, the nation's Treasury Principal Secretary Kamau Thugge announced that Kenya's VAT rate would remain at 16%.
... variety of reasons. However, the growing popularity of Bitcoin in Africa is opening up opportunities for gaining a higher education. Which is why Paxful, the peer-to-peer cryptocurrency exchange, is pleased by the news that a prominent South African business school is now accepting Bitcoin for payment.
While 'politics' was once a dirty word in business, the arena is currently undergoing a rethink internationally which is being reflected in the hiring patterns of South African companies. This is according to Michelle Moss, director at Signium Africa, a locally based executive search and talent management ...
Ramaphosa wants to open SA borders for African business. President Cyril Ramaphosa has urged citizens to look at foreigners coming to South Africa in a positive way and not as people who come to steal their jobs. President Cyril Ramaphosa at the 10th Extraordinary Summit of the assembly of the ...
South African businesses continue to take measures to combat economic rimes, with 44% (Africa: 41%) of respondents having increased their spend on combating fraud since 2016 and 46% plan to increase their spend over the next 24 months (Africa: 45%). It is positive to note that almost two-thirds (64%) ...
The International Finance Corporation (IFC), the World Bank's lending branch, is aiming to gather investments in Kenya's healthcare industry. The corporation is looking for the investments through a Sh11bn (US$107mn) private equity fund based in the Netherlands. The Investment Fund for Health in Africa ...

The energy distributor, Kenya Power, has noted a disappointing net profit from the second half of 2017. The firm's profit dropped by 30.3% from the same period of the previous year, only reaching Sh2.93bn (US$288mn). The cause of profit decrease is thought to be due to little rise in demand for power, ...
Like air or water, people tend to take data for granted. A gigabyte here or there generally doesn't add up to a lot of money. But what if one gigabyte of data cost more than nine percent of a person's average monthly income? That's the scenario in Africa where data optimization becomes critical, and it is why ...
Isuzu Motors South Africa (IMSA) on Friday not only launched its standalone business at its manufacturing plant in Struandale, Port Elizabeth – apart from the General Motors brand, following the latter's exit from South Africa last year – but also showcased its new bakkie-derived sports utility vehicle (SUV), ...
trade expo africa Are you a business owner wishing to penetrate the U.S. and other African countries with your product or service? Are you interested in partnering with a U.S. based business as an affiliate or franchise? Are you thinking of launching a business and need business ideas? Plan to be an ...
... worldwide every single day – a staggering 58 records every second. And according to the Ponemon Institute, South African organisations are at a higher risk for data breaches than their counterparts across the globe, with the cost of data breaches to South African companies estimated at $2.53 million.
The roundtable also made far reaching resolutions that would expand the frontiers of private African businesses in anticipation of an increasing stable political climate. Ebrima Faal, Senior Director, Nigeria for AfDB, representing the President of the Bank, Akinwunmi Adesina, in his keynote address ...
Airbus, the aircraft manufacturer based in France, has launched an engineering programme targeted at students in Kenya. The programme was created through the firm's Airbus Foundation, as well as partners Little Engineer, The Travelling Telescope, and the M-Pesa Foundation Academy. The project will enable 30 ...
The Delaware-based agribusiness conglomerate, Seaboard Corporation, earlier this week sought to acquire an additional 46.1% stake in Unga Group, a flour milling firm. Seaboard currently owns a 2.92% stake in the company, and is aiming to raise that 49%. The acquisition request was denied by ...
South Africa is a water-scarce country and with less rainfall experienced in the past few years than normal, together with rapid urbanisation, it has resulted in several of the provinces being plunged into a water crisis. The Western Cape is edging closer to Day Zero, when taps will be turned off, the Eastern ...
The Indian telecommunications firm, Bharti Airtel, has announced the payment of a Sh2.53bn (US$25mn) license fee for its Kenyan branch. The fee was paid for 4G Internet connectivity, allowing the company the utilise the high-speed connection across it network, following its one-year trail. The fee was ...
Craig Nel, Cloud Platform Leader – Mobile, BOTs and AI at Oracle Middle East, Africa and Turkey. From being little more than the stuff of science fiction movies from not so long ago, the use of artificial intelligence (AI) has progressed at a rapid rate. The one area where its presence is being felt is through the ...
Twenty-five South African companies will showcase their products and services at the Fruit Logistica Trade Fair in Berlin, Germany from 7-9 February 2018. The companies received financial support from the dti's Export Marketing and Investment Assistance Scheme (EMIA) to participate in the trade fair.
Some South African organisations believe that the European Union's General Data Protection Regulation (GDPR), which comes into effect on 25 May 2018, does not apply to them, simply because they do not operate from a European country. But if your business has ever sold a product or service to ...
A South African business leader has boycotted US President Donald Trump's Davos speech because of reports of insulting remarks the president made about African countries. The CEO of Business Leadership South Africa, Bonang Mohale, told NHK at the World Economic Forum in Davos, Switzerland ...
MATHIEU PERSAN FOR TAR Across the globe and on the continent, business tycoons are trying their hand at government. The Africa Report looks at their successes and failures in using their commercial skills to build popular support and fix economies. As companies and money-brokers reinforce their ...
Expat and international mobility group Xpatweb has published the results of its critical skills survey, which lists the types of skills and sectors which companies have identified as being the most lacking in South Africa. According to Xpatweb's survey most companies (75%) admit that they actively seek ...
{{title}}. Advertisement. Advertisement. CNBC Africa. African Business and Financial News, Stock Quotes, and Market Data and Analysis. A Part of ABN360. Contact us: info@abndigital.com · Thomson Reuters. Strategic Partners across Africa.
Samsung plans to double the annual revenue from its African businesses in the next five years, reported Reuters. This will bring the annual revenue contribution for Samsung from Africa to 20%. The head of Samsung Africa, Sung Yoon, said the company's products make up half of the smartphones and ...
On this week's episode of 'CNN Marketplace Africa', the programme examines the potential impact artificial intelligence (AI) could have on South African businesses and industry. Host Eleni Giokos reports from Accenture's African headquarters where new technologies are sampled by the global ...
Red & Yellow, a well-known business and creative school in South Africa, believes it is pioneering its payment methods by allowing their student to enroll on a bankroll of Bitcoin. There have been rumblings around universities and other tertiary education centers globally when it comes to Bitcoin and ...
A new betting tax has been implemented in Kenya following the new year, making the tax the highest in the region. As of 1 January, a new rule has requited that 35% of all gambling revenue is taxed. According to the consultancy firm, PricewaterhouseCoopers (PwC), South Africa charges tax on 9.6% of ...
At least twenty top business leaders are expected to provide strategies for businesses for 2018 and beyond at this year's edition of the Crystal Ball Africa. The leaders include; Mr. Tony Oteng Gyasi – CEO of Tropical Cables (Ghana), Howard Barrie (Project Finance Expert, UK; David Ofosu-Dorte ...
South Africa can now boast its first business school to accept Bitcoin payments for all degrees, advanced diplomas, certificates and online courses. Red & Yellow, which has campuses in both Cape Town and Johannesburg, says it is focused on preparing its students for career success in a digital future, ...
As both consumers and working professionals, we have come to view internet connectivity in the same way as electricity and running water - it's an essential! Yet as more of our devices become synced and begin to communicate with each other, connectivity will soon take on an entirely new meaning.
At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President Oramah, provides for African businesses and ...
The trade fair is expected to expose South African companies to available trade and investment opportunities in Germany. (Myfruit/FLickr). The companies received financial support from the dti's Export Marketing and Investment Assistance Scheme (EMIA) to participate in the trade fair which covers every ...
The “world” of business across Africa continued its up and down in 2017 with currency crisis, launch of mega infrastructure projects and visits by International Monetary Fund (IMF) teams to countries across the subregion. ADVERTISING. inRead invented by Teads. At the continental level, the World Bank in ...
Rosatom, the Russian state nuclear power company, announced on 11 December that it anticipates its power station to be built in Egypt will cost up to $21bn. The company expects that the construction of the project will be finished by 2028-2029, being operational in over a decade, according to Reuters.
Morocco announced on 11 December that it had signed deals in the auto industry worth $1.45bn. The country has signed deals for 26 projects in a bid to become an international hub for the industry. Six of the 26 deals were made with Renault, the French automobile manufacturer, with the intentions of expanding an ...
In a bid to revive its national airline, the Zimbabwe government is set to acquire 15 aircrafts from Malaysia. Air Zimbabwe is to receive the new planes under a public-private partnership, between the government and Diaspora Infrastructure Development Group (DIDG). “The Civil Aviation Authority is on the ...
Data from across Africa has revealed that small and medium-sized enterprises (SMEs) are experiencing stifled growth due to a lack of financing, including cash flows issues, and poor marketing knowledge. Despite SMEs contributing towards 80% of Africa's economy, both Kenya's Daily Nation and The ...
The Vice-President, Professor Yemi Osinbajo on Monday said that if he was a betting man, he would surely put his money on African business ...
Dubai Chamber, Expo tap African businesses ... projects, in addition to growth opportunities that the World Expo can offer to African companies.


 

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