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Africa Business General 

Portuguese-speaking Africa’s young entrepreneurs hoping to make it big

Applications for the 2016 Anzisha Prize will close on 30 April, and this is the last chance for African entrepreneurs between 15 and 22 to apply. Entries are accepted in English, Arabic, French and Portuguese. This year the Prize has seen a notable increase in applicants from Portuguese-speaking African countries – mainly Mozambique and Angola. In the hopes of encouraging further applications from these countries, the Anzisha Prize has decided to profile some of these entrepreneurs below. If you are doing something similar, or know of a young entrepreneur who…

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Africa 

Why Most Kenyans Don’t Shop With Their Mobile Phones

A new Nielsen study on Kenyan retailers and technology reveals that despite the massive uptake in mobile usage in Kenya, there is still significant scope for growth in the market, particularly in the retail environment. The study utilised face-to-face interviews to gauge the technology adoption rates of 300 retailers across a wide spectrum of channels and functions. Based on these interactions, the research reveals that the Kenyan retail arena remains dominated by direct dealings in terms of both transactions and communication, with 96% of customers still preferring to use cash…

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Africa Business 

Top designer Relocates to East Africa following European economic crash

In 2011, internationally-acclaimed French designer Edmond Chesneau moved to Kenya seeking opportunities in the leather industry. Chesneau had spent more than 30 years in Ireland building a reputation as a leading premium leather and accessories designer. He ran his own leather goods manufacturing and retail business in Ireland, with a presence in top stores in the UK and US markets. “We were making large profits but suddenly in 2008 the European economy crashed and Ireland was badly affected. My customer base disappeared as people ditched luxury brands. Then someone told me of…

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General 

Facebook expands live video, challenging TV and web rivals

Facebook Inc (FB.O) on Wednesday expanded its live video product, Facebook Live, giving the feature prominent placement on its app and rolling out features to make it easier for users to search and comment in real time. The move is the biggest challenge yet by Facebook to online rivals, including Twitter Inc’s (TWTR.N) Periscope live-streaming service, Snapchat’s video features and Alphabet Inc’s (GOOGL.O) YouTube, as well as a potential threat to broadcast television. Live video is becoming a highly competitive feature on social platforms, with companies competing to stream major…

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Africa General 

Nigerian Airlines Record 5,399 Flights in First Quarter

The eight domestic airlines currently operating in Nigerian airspace recorded 5,399 flights, with 3,029 of the flights between January and March 2016 delayed and 120 cancelled. The 5,399 flights bore a total of 714,137 passengers broken into 346, 579 inbound passengers and 367, 558 outbound passengers. The figures were contained in a summary reports of complaints received against international and domestic airlines for the month of January, February and March 2016, as documented by the Nigerian Civil Aviation Authority (NCAA). For the period under review, a total number of 1,282…

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Africa Business 

Pick n Pay moves cautiously into Nigerian market

RETAILER Pick n Pay will be making a foray into the Nigerian market through a joint venture with AG Levintis. AG Leventis, which is listed on the Nigerian Stock Exchange, has nearly 90 years of trading experience in that market. Pick n Pay CE Richard Brasher said at the company’s full-year results presentation on Tuesday that there was a dearth of formal players in that country, which represented an opportunity for Pick n Pay. “Nigeria is a country and a market which Pick n Pay cannot ignore in its quest…

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Africa Business 

Vantage Capital provides N$80m of debenture funding to United Africa Group

The funding is being used to support the group’s equity contribution for the construction of a new Hilton Garden Inn, a 181-key three-star hotel to be located in the heart of the Windhoek city centre on Freedom Square –       Growing tourism demand in Namibia has been a key driver behind the hotel construction project Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has provided a debenture facility of N$80 million (R80 million) to United Africa Group (“UAG”) (www.UnitedAfricaGroup.com.na), an established hospitality and property-owning group in Namibia. The…

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Technology 

MainOne leads drive to enhance West Africa’s cable assets at SubOptic 2016

MainOne is adopting global trends to ensure its submarine cable systems continue to provide the best performance in West Africa MainOne (www.MainOne.net), premier connectivity and data center solutions company recently reinforced its commitment to enhancing its submarine cable assets at SubOptic 2016, the convergence place for leading optical technology vendors to exchange ideas and review latest developments in the entire industry. Sharing his thoughts on his participation at the conference, the company’s Acting Chief Technical Officer, Ravi Kannikeswaran, said ”The submarine cable industry has greatly changed over the past few…

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Africa 

World Press Freedom Day 2016 : #WHK25

40 journalists and media experts assess the state of media freedom and expression, access to information and media pluralism and diversity in sub-Saharan Africa WINDHOEK, Namibia, April 26, 2016/ — 40 journalists and media experts assess the state of media freedom and expression, access to information and media pluralism and diversity in sub-Saharan Africa. These articles are available for publication to all media at no charge.The Media Institute of Southern Africa (MISA)  hereby advises all print, online and broadcasting media editors, as well as specialist media publications, newsletters and journalism initiatives,…

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NBA signs Historic Deal With Kwesé Sports

The National Basketball Association (NBA) and Econet, parent company of Kwesé Sports, on Thursday announced a multi-year partnership to provide the most expansive NBA coverage ever across sub-Saharan Africa. The new deal represents the largest ever for the NBA in Africa and will include NBA content across Econet Media’s TV, Internet and mobile assets, including the much anticipated Kwesé viewing platforms and its sports offering, Kwesé Sports, beginning within the 2016-17 NBA season. As the Official Broadcaster of the NBA in sub-Saharan Africa, Econet Media will provide fans with access…

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