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Africa Business Economy General 

Africa to Launch Single Air Transport Market in 2018

Pretoria — An African single air transport market will be launched in January 2018, with 40 plus countries expected to be signatories by then. So far, 20 African countries out of 55 have subscribed to African single air       market. This was announced by David Kajange, the Head of the Transport and Tourism Division at the African Union (AU) on Sunday on the sidelines of the ongoing 29th AU summit, which is underway in Ethiopia’s capital, Addis Ababa. A single air transport market is one of the goals…

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Africa Business Economy Featured General 

Africa’s hospitality sector withstands economic headwinds

PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ projects that South African hotel room revenue will grow by 10.1% in 2017 to R17.5 billion JOHANNESBURG, South Africa – South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate. Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa (www.PwC.co.za), says: “Africa’s hotel sector has remained resilient in the face of strong economic headwinds.” PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ projects that South…

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Business Economy Education 

The public have more in common with CEOs than you might think

Over the years, the issue of public trust has been climbing steadily up the agenda of global CEOs. Indeed, it was one of the biggest risers on the list of possible threats to business growth in our 20thCEO Survey, with 58% admitting that the deterioration of trust in business was either somewhat or extremely concerning. In light of this increased emphasis on trust, we decided that for this year’s survey we needed to learn the opinions of the public – as well as CEOs – on issues such as growth,…

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Africa Business Featured General 

GROHE SPA® F-digital Deluxe – Transform your bathroom into a Home Spa

A luxurious shower experience for all the senses ABIDJAN, Ivory Coast,- Leaving the daily stresses behind and finding some inner peace doesn’t have to mean travelling to a remote retreat. A domestic bathroom can be turned into a source of fresh energy and inspiration. You can create your own space at home dedicated to multisensory indulgence, where you can treat yourself to the feeling of a warm tropical rain on your skin while wrapping your entire body in fine steam, coloured mood lighting and atmospheric sounds. This luxurious shower experience…

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Africa Business Economy Education 

McKinsey’s latest report on Africa-China economic partnership challenges previous beliefs

China is Africa’s largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth of data. A new report by McKinsey Africa (www.McKinsey.com) finds that its involvement is bigger and more multifaceted than previous studies suggest. Through a study conducted across eight countries that together make up about two-thirds of Sub-Saharan Africa’s GDP, the report finds that there are already over 10,000 Chinese firms operating in Africa—four times the previous estimate. About 90 percent of these are private firms, of…

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Africa Business Economy General 

“My Purpose in Life is to use my strength to fight for those who are weaker than I am”, Oby Ezekwesili inspires on first episode of Forbes Woman Africa’s “Against The Odds with Peace Hyde”

On this first episode of Against the Odds with Peace Hyde Oby Ezekwesili shares her inspirational nerve-breaking story When 26 boys were brutally murdered by Islamic militants in Borno State, Oby Ezekwesili experienced one of the worst days of her life. With her cries for justice falling on deaf ears, Ezekwesili was forced to move on with a heavy heart. In just a few months, 276 girls were kidnapped by the same group and this time, Ezekwesili vowed to never stop the fight, against every odd until every single girl…

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Africa Economy Education Technology 

eSchools Africa Initiative set to cross the milestone for providing IT Infrastructure and Internet Connectivity to schools in Africa.

eSchools Africa Initiative is a scheme run by eSchools Africa LLC to enhance computer penetration and ICT for education in schools in Africa. The scheme currently operates in two countries in Africa. A pilot scheme of 15 schools in Busekelo district council at Mbeya region in southern Tanzania is now ready for Launch. This will see the scheme replicated across the rest of country, while in Nigeria agreements are concluded with 4 state Governments to connect over 3000 schools in Nigeria within the next 12 months. A statement issued by…

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Business Economy Featured General Technology 

I love Uber more than anything, CEO Travis Kalanick says as he quits

San Francisco — Uber CEO Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership. Kalanick’s departure caps a tumultuous period for the world’s largest ride-services company, which upended the taxi industry and transport regulations globally with Kalanick at the helm. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to…

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Africa Business Economy 

Atlas Mara to sell big stake to Fairfax Africa, to boost share in Nigerian bank

Atlas Mara, the company co-founded by former Barclays plc head Bob Diamond, plans to sell a 35% stake to Fairfax Africa, to help fund the purchase of a larger stake in a Nigerian bank. Atlas Mara will raise $200m selling new shares to existing shareholders and Fairfax Africa and by issuing a convertible bond to the Toronto-based investment company, Atlas Mara said in a statement on Wednesday. London-listed Atlas Mara also agreed to acquire an indirect 13.4% shareholding in Union Bank of Nigeria from the Clermont Group for $55m, which…

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Africa Business Economy 

Ivory Coast and Ghana in talks for $1.2bn loan for cocoa output

Accra — The cocoa regulators of the world’s two biggest producers are in talks with the African Development Bank about a $1.2bn loan that will be used to increase output and mitigate against volatile prices, according to two people familiar with the matter. Ivory Coast and Ghana want to build storage facilities for local processing and for the storing and release of stocks based on market demand, said the people, who asked not to be identified because they’re not authorised to speak about the matter. The West African neighbours also…

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