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Africa Business Economy General 

Digital currency could spark African financial revolution

Cryptocurrency – or simply put, digital currency that uses cryptography as security – and blockchain, the technology it runs on, provide opportunities to reach sub-Saharan Africa’s largely unbanked population. A number that stood at 326 million adults in 2011 according to the World Bank. Currently there are many different cryptocurrencies, with Bitcoin being the most well-known. During the first half of 2017, Bitcoin’s average number of daily transactions totalled 288,953 – up 182% over the same period two years ago. Despite its growth, this number still pales in comparison to Visa’s 150…

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Meet Freddy Caspers

 Freddy Caspers: Before joining Silvertree as Chairman, Freddy drove more than 20 Billion USD of value creation as founding Executive Board Member of Reckitt Benckiser PLC, one of the leading global players in the consumer and health care industry, serving as CEO of emerging markets for 16 years. His contribution included step changes in growth following successful launches of Power Brands like Durex, turnaround of loss making companies and the successful integration of several large acquisitions. He also works currently in Europe on large-cap deals as Senior Advisor for EQT,…

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Africa Business Economy Featured General Technology 

Silvertree Internet Holdings appoints ex Reckitt emerging markets CEO Freddy Caspers as Chairman and invests over 15M USD into Africa

CAPE TOWN, South Africa, August 7, 2017/ — Africa’s leading Internet Platform, Cape Town-based Silvertree Internet Holdings (Silvertree, www.Silvertree.holdings) has recently reached the milestone of over USD 15m (approx. ZAR 200m) channeled into African consumer-focused technology companies since inception in 2014. The portfolio has achieved an average >200% annual revenue growth, helped by fast-growing companies like car buying site carzar[dot]co[dot]za and meal-kit delivery company ucook[dot]co[dot]za. To build on this success, Silvertree is excited to announce the appointment of Freddy Caspers as non-executive Chairman of the Board. Mr. Caspers has been one…

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Africa Business Economy Featured General Technology 

PayU Nigeria Introduces a convenient payment solution for recurring bills

LAGOS, Nigeria, August , 2017/ — PayU Nigeria (www.PayU.com.ng) introduces PayU Subscription, a convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments in a seamless way. Country Manager of PayU Nigeria, Ms Juliet Nwanguma said: “PayU Subscription is an innovative product for businesses who are looking to offer subscription and recurring bill payments to their customers.” It provides customers with a simple, safe and secure alternative to regular direct debit payments. Using tokenisation as the underlying technology, PayU…

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Africa Business Economy Featured General 

Alibaba Group and Marriott International Announce Innovative Joint Venture to Redefine Travel Experience

SHANGHAI, The People’s Republic of China, August , 2017/ — Joint Venture to Create Seamless, Insight-based Travel Services, With Alibaba Serving as Gateway to More than Half a Billion Chinese Consumers Chinese Outbound Travel Set to Boom with 700 Million Trips Estimated for the Next Five Years as Consumers Seek New, Elevated Travel Experiences Alibaba Group Holding Ltd. (“Alibaba”) (NYSE: BABA) and Marriott International, Inc. (www.Marriott.com) (“Marriott International”) (NASDAQ: MAR) today announced the establishment of a joint venture to redefine the travel experience for the hundreds of millions of Chinese…

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Nigerian Professional Football League Launches New Lottery with Highest Jackpot in Africa

LONDON, United Kingdom, August 8, 2017/ — AfroMillionsLotto, a brand new lotto with a minimum jackpot close to a billion naira is to be launched in support of the Nigeria Professional Football League (NPFL) clubs by the League Management Company (LMC) in partnership with British-based Ofertas365. The lotto, due to be live later this month, has jackpots larger than every lottery in Nigeria combined, and the biggest available anywhere in Africa! All 20 NPFL clubs are to be branded with their own page on www.AfroMillionsLotto.com where people can buy tickets online for the twice-weekly…

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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’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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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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