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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 Education General 

SAP Africa Code Week returns to invest in Nigeria’s teachers

AKURE, Nigeria,17 August 2017,-/African Media Agency (AMA)/- Over the next weeks Nigeria will play host to a series of official train-the-trainer (TTT) workshop sessions as the country takes on a leading role in the build-up to SAP Africa Code Week (ACW) 2017. Founded in 2015, ACW seeks to empower African youth with coding skills through hands-on and playful learning. Spearheaded by SAP, world leaders in enterprise software, and with the support of UNESCO, YouthMobile, the Cape Town Science Centre, the Galway Education Centre, Google and over 100 public and private…

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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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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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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 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 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 Education Featured General 

Companies benefit from the Fourth Industrial Revolution, but do countries?

By now we can see that the fourth industrial revolution can provide a solid competitive edge for companies who create innovative business models enabled by advanced technologies. But when it comes to national economies, where and how is the fourth industrial revolution (4IR) enhancing competitiveness? Using innovation as a proxy for the uptake of digital technology in developed economies, competitiveness of the top countries seems to line up fairly well with innovation. For example, nearly all of the top 10 countries named on the World Economic Forum Global Competitiveness Index…

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Africa Business Economy Education 

Tax evasion and dirty money are draining Africa

Tax evasion benefits individuals to the detriment of society, wiping out state services. It also hampers the achievement of the eight United Nations millennium development goals (MDGs), which were designed to meet the needs of the world’s poorest people. If tax evasion takes place in the grey area between legality and illegality – such as when companies shift their headquarters to tax havens – tax fraud involves the overt breaking of laws. It is often combined with dirty money from illegal activities (trafficking, terrorism, etc.) and thus weakens the gross…

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