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Africa Business Economy Education 

Investors eyeing Africa’s private education opportunity

The African continent has a large number of young people, with the United Nations estimating about 40% of the population is under the age of 15. However, in many countries the public sector has not been able to adequately keep up with demand for education. Generally speaking there is also a mismatch between graduates’ skills and what is required by employers. This situation has created fertile ground for growth in the private education industry. For instance, Johannesburg Stock Exchange-listed ADvTECH has built a diversified company with numerous basic and tertiary…

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Africa Business Economy Education 

Mobile contributes $110bn to sub-Saharan economies

Sub-Saharan Africa is, and will continue to be, the fastest growing mobile market in the world. By the end of the decade, there will be more than half a billion mobile subscribers in the region, up from 420 million at the end of 2016. Among the growth drivers is the under-16 age group, which accounts for more than 40 percent of the population in many countries, and women, who are currently 17 percent less likely to have a mobile phone subscription than their male counterparts. Mobile is now also a…

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Africa Business Economy General 

New Angolan beverage plant approved for development

LUANDA, Angola, August 15, 2017/ — UTIP investment agreement signed for Grupo Sun Ocean Lda. -a company formed by Sun Ocean Holdings Ltd., a local partner with extensive experience in the Angolan market, Envasadora de Bata S.A. (Embasa) to be financed by QG African Infrastructure 1 LP Grupo Sun Ocean Lda. to benefit from substantial synergies in beverage manufacturing and production and create a base for sustained growth and profitability in Angola and neighboring countries A company (“Grupo Sun Ocean Lda.”) formed by Sun Ocean Holdings Ltd., a local partner with extensive experience…

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Africa Business Economy Education General 

Lagos slumps as travel to Africa displays double-digit growth

LONDON, United Kingdom, August 15, 2017/ — An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53% of its seats for the rest of 2017. During the coming five months, August – December 2017, there will be 16% fewer airline seats on domestic routes and 9% fewer and on international routes to and from Lagos. Commenting on this data, Jon Howell, Managing…

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Africa Business Economy Featured General 

Theo Godson Company – The Journey So Far

At Theo Godson Company, we take pleasure in being outstanding in all we do, even as we chart our course to enduring success. We have journeyed for two years, and we are only just beginning, for our path can only shine brighter and brighter. Our excellence is driven by passion, and we pride ourselves in the strength of our team, a team of zealous individuals always shooting for beyond the stars. We have been recognised as one of the leading companies in graphics designs and branding and as we celebrate…

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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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Business Economy Education Featured General 

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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