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Kaspersky Lab Introduces New Partner Program in Africa to Drive Business Growth for Managed Security Services Providers

Kaspersky Lab (www.Kaspersky.co.za) has launched a new partner program in Africa, aimed at managed service providers (MSPs) that already offer security services or would like to add them to their current portfolio. The program helps MSPs to address the growing demand for IT security services and enables them to attract new customers in the SMB markets, while satisfying existing customers looking to outsource all IT functions, including security, to a trusted third-party. Riaan Badenhorst, Managing Director, Kaspersky Lab Africa says: “Kaspersky Lab’s MSP Program was created specifically to meet the…

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Africa Economy Education Food and Agriculture 

Cros Agro to set up French Fries and Potato Flakes processing factory in Nigeria

Cros Agro Allied Ltd, a Nigerian agribusiness company, has announced a commitment to invest $65 million in the country’s potato sector. In its investment commitment, Cros Agro has outlined plans to expand its existing potato production area to 900 ha, which will supply the company’s potato processing facilities, run by Rosenqvists Food Technologies AB, to increase production of French fries and potato flakes. The company plans to invest primarily in the expansion of its processing capacity through new equipment, and farm machinery to support increased production of potatoes. The new…

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Africa Business Economy Education General 

Zimbabwe: Can livestock really be used as bank collateral?

Zimbabwe’s slide into yet another economic crisis has hit the headlines over the past week because of the government’s plan to allow livestock to be used as bank collateral. A bill requiring banks to accept “moveable assets” as collateral against bank loans was put before parliament last week. Motor vehicles, machinery, televisions, refrigerators, computers and other household appliances come under this category but it is the inclusion of cows, sheep and goats that has captured the headlines. It is now 37 years to the day since Zimbabwe became independent, but…

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Africa Business Economy Education 

Top 10 Best African Cities To Do Business With High Returns

10. Mbabane, Swaziland Mbabane is a commercial hub. In the capital and largest city in Swaziland, it will only take a month to register your startup. 9. Windhoek, Namibia The city is the administrative, commercial, and industrial center of Namibia. It would take you 52, 37, and 66 days to register property, acquire electricity and start a business respectively. 8. Lusaka, Zambia One of the fastest-developing cities in southern Africa, Lusaka is the centre of both commerce and government in Zambia. It’s about a 30 day timeline to register your business….

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Africa Business Economy Education 

Morocco is reminding us that the North is also part of Africa

Talk of Africa’s economic potential and successes tends to be dominated by sub-Saharan Africa’s leading economies. While the likes of Nigeria, Kenya and South Africa grab the headlines, North Africa’s economic role on the continent is routinely omitted. The lack of attention paid to the region reflects a traditional disconnect, symbolised geographically by the Sahara desert. Political and economic ties between the North’s leading economies and their sub-Saharan peers have historically been, at best, limited. While there has been some activity from Egypt in recent years, notably hosting a major…

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Africa Business Economy Education 

Profit-making idea: What do dried egg yolk, sorbitol and sodium sulfate have in common?

Profit-making idea is a series of short posts, each with a piece of information that we think you might find useful: for investment, for growing your company or to start a new business. Dried egg yolk. Sorbitol. Sodium sulfate. These are some consumer goods ingredients that could be manufactured in Africa but are currently imported, as identified at the recent Africa CEO Forum, held in Geneva, Switzerland. Vikram Agarwal, Unilever’s executive vice president for supply chain in Africa, highlighted dried egg yolk (used to manufacture mayonnaise) and sorbitol (an ingredient…

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Africa Business Economy Education 

African middle class still attracting private education companies – despite slower growth

Africa’s middle class continues to attract interest from private education companies, even as the continent experiences slower growth. Among these is South Africa’s ADvTECH. The Johannesburg Stock Exchange-listed company runs close to 90 private primary and tertiary education facilities in South Africa (including Varsity College, Crawford Schools, Vega and Abbotts College) and now has its sights set on other African markets. In 2014 it expanded to Botswana with the acquisition of Gaborone International School, and last year the International Finance Corporation (IFC) acquired a 2.5% equity stake in ADvTECH for R190m (about…

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Africa Business Economy Education 

Economic growth in East Africa remains strong despite drought

NAIROBI, Kenya, 13 April 2017, -/African Media Agency (AMA)/- East Africa’s economy has continued to grow despite the adverse effects of drought being felt across the region according to ICAEW’s (the Institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q1 2017 launched today, the accountancy and finance body points out that authorities from various East African nations have attempted to mitigate the effects of the drought by stimulating economic activity through other channels such as substantial fiscal stimulus and loosened monetary policy. The report,…

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Africa Business Economy Education General Technology 

Low-Cost Smartphones – Key To Digital Radio Success In Africa

If digital radio services are to take-off and be successful in Africa, there is a need for low-cost mobile phones with digital radio receivers to be readily available. This is from Mr Omar Essack CEO of Primedia Broadcasting, South Africa. According to Mr Essack, the digital broadcasting services promise of variety, diversity and choice is, or course, great for the consumer and potentially lucrative to broadcasters. However, the concern is about large-scale consumer take-up of digital radio services in Africa due to the cost of digital radio receivers. To this…

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Africa Business Economy Education General 

Why African countries banning imports of fruit and veg is a blunt tool

Zambia’s government has just banned the imports of some farm produce as a way of promoting the growth of the agriculture sector. The Conversation Africa’s Samantha Spooner asked Calestous Juma about the impact this will have on African countries and their agricultural sectors. Which African countries are the biggest importers of fruit and vegetables and how much do they rely on imports to meet local demand? In 2013, the import value of all fruit and vegetable categories for the African region was about $1.2bn. However, the trade tends to be localised…

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