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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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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 General 

Reshaping the Future of Real Estate for African Cities

JOHANNESBURG, South Africa, June 21, 2017/ — Researchers predict that in 2030, Lagos, Cairo and Kinshasa will each have to cater for over 20 million people, while Luanda, Dar es Salaam and Johannesburg will have crossed the 10 million mark. By 2035, close to 30 million people could live in Lagos alone, turning Nigeria’s commercial hub into the largest megacity on the continent. While Africa’s cities are growing rapidly in population, they are developing informally as current urban planning has proven to be ineffective, and private development is often deterred…

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Africa Business Economy Featured General Technology 

Mercer’s annual Cost of Living Survey finds African, Asian, and European cities dominate the list of most expensive locations for working abroad

NEW YORK, United States of America, June 21, 2017/ — Luanda overtakes Hong Kong as the most expensive city for expatriates to live in according to Mercer’s 23rd annual Cost of Living Survey. Victoria in the Seychelles ranks 14th most expensive city sharing the same ranking with Moscow. Cape Town, Blantyre and Windhoek ranks amongst the 15 cheapest cities globally. In a rapidly changing world, mobility has become a core component of multinational organizations’ global talent strategy. To support the growing number of international assignees working in an increased number…

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General 

After three tough years, the outlook for Malawi is at last beginning to improve

The last three years have been tough ones for Malawi. The economy was already under stress after a big corruption scandal in 2013 sent the country into an economic tailspin, and led to the suspension of direct budget support to the aid-dependent economy. Then came an El Nino double whammy – severe flooding in 2015 followed by the worst drought in a decade in 2016. This left 40% of Malawians without food. And economic growth ground to a halt. There is a saying “you should never let a crisis go…

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Africa Business Economy General 

What are the new trends driving private infrastructure investment in emerging markets?

Over US$4.5tn a year will be spent on infrastructure between now and 2020. A recent article by PwC identified a number of themes likely to guide that investment in a world where politics, technology and markets are changing fast. The five themes are: Investors broadening their horizon New political leadership unveils ambitious goals Future-proofing against obsolescence Sustainable infrastructure for the long term Commodity-rich regions prioritise infrastructure Of these themes, I think three are particularly relevant, with each having its own specific drivers and impacts. However, all three are now converging…

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Business Economy General Technology 

Green airports of the future

Few places in the world – namely the Wicklow Mountains in Ireland, Yorkshire in England and a pinch of other locations globally in the then British Empire – share this accolade. For the state of Kerala, its tourism department could have picked this slogan to match the beautiful, picturesque and perfectly laid out landscape. Located in the city of Kochi, the state hosts Cochin International Airport, which is the world’s first fully solar-powered airport. It’s development, dubbed aviation’s first venture owned by the public, under a public-private partnership was funded by…

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Africa Business Economy General Technology 

Continent-wide digital skills development initiative aims to train half a million young Africans in one week

PORT LOUIS, Mauritius, – The 2017 edition of Africa Code Week officially kicked off yesterday in Flic-En-Flac, Mauritius. Now in its third year, Africa Code Week aims to spread coding literacy among African youth, with a key focus on female skills development and training. Started in 2015 by SAP Corporate Social Responsibility EMEA and several public and private sector partners, the initiative has a long-term goal of empowering more than 200 000 teachers and positively impacting the lives of 5 million children and youth within the next 10 years. In…

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Africa Business Economy General 

Bill & Melinda Gates Foundation September event

At the foundation, we are guided by the belief that everyone deserves a chance to lead a healthy and productive life, and we’re encouraged by the incredible progress toward achieving that goal. In their annual letter this year, Bill and Melinda shared a few of the stories that give them hope for the future – poverty has been cut in half, people are living longer and healthier lives than ever before. While we know that progress is possible, it’s not inevitable. The stakes are high and particularly during this time…

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Africa Business Economy General Technology 

Innovation is the key to keep Africa moving forward

NAIROBI, Kenya, 20 June 2017, – In the wake of Africa month it’s easy to be proud of all that we are achieving as a continent. According to the African Development Bank, Africa is the continent with the world’s second fastest growing economy. There’s little doubt that our vibrant continent is making great strides towards a bright future, with our economy expected to grow by 3.4% in 2017 and 4.3% in 2018, according to research in the African Outlook Report. Children are being left behind But the 110 million children…

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