Africa Business Economy News 

Continent’s Leading Satellite Broadband Service to Launch Across West Africa

DAKAR, Senegal, July , 2018/ — Yahsat (www.Yahsat.ae), the UAE-based global satellite operator, will participate in West Africa Com on the 10th and 11th July 2018, as Gold Sponsors. The event, which unites critical players in the telco value chain, will see Yahsat showcase its flagship broadband service – YahClick – to partners and customers in the region. Yahsat’s participation at the event is part of its expansion plan to launch YahClick this year in five new markets in West Africa. The service will be available in Senegal and Gambia through…

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Business Economy Entertainment News 

Peace Hyde, Vanessa Simmons, Karen Civil and Mc Lyte speak At 2018 Essence E Suite Panel in New Orleans

Panel is an exclusive festival opportunity for select founders, seasoned executives and emerging entrepreneurs NEW ORLEANS, United States of America, July , 2018/ — The Annual Essence Festival in New Orleans, presented by Coca Cola, is one of the nations largest live events. Each year, the festival draws nearly 500,000 attendees who gather for three days of music, entertainment, empowerment and culture. Now in its 24th year, the Essence Festival has featured some of the biggest names in entertainment and the nations most influential speakers, authors and leaders, including Beyoncé,…

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Africa Business News 

Botswana Economy Records Positive Growth

Botswana economy recorded an exemplary growth of 4.8% in the first quarter of 2018 according to Statistics Botswana. Announcing this at a Press conference, Botswana’s Statistician General Burton Mguni attributed the GDP growth to value addition in mining, and growth in transport, communications, finance and business services. These sectors recorded a growth of 12.1 %, 6.5%, and 5.4% respectively. The value addition in diamond grew by 11.5%. The output of diamonds and prices continued to improve contributing to the overall growth during the first quarter. However, non-mining sector growth was…

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Africa Business Economy 

Economic Union, as Key to Shared Prosperity

Amidst recent global uncertainties, swinging between gloom and euphoria- booming stock market and apprehensions of trade war- East Africa’s conspicuous economic performance cannot be missed out. Between 2012 -2017, the region recorded an annual average growth of more than 6%, high above the global average. The region is also witnessing several cross border partnerships. There is a growing realisation among the members of the region that only through joint efforts and regional integration, they can tap the opportunities of an expanded market and a economic growth.  Ethiopia, Sudan, Kenya and…

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Business Economy 

Zambia to Host COMESA Summit

COMESA has announced its decision to hold the 20th Head of state and Government Summit in Lusaka, Zambia on July 18 and 19, 2018.Earlier , it was supposed to be held in Rwanda.The hosting of the COMESA in Zambia is expected to yield economic benefits to Zambia and also strengthen its position in the  regional block bringing it closer to the free trading arrangement. Zambia has recently announced its National Trade Policy which aims at transforming it form an exporter of primary commodities to an exporter of value added products.…

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Africa Business Economy 

Djibouti and China to Build Africa’s Biggest Free-Trade Zone in the Horn of Africa

Djibouti and China have agreed to build a $3.5bn free trade zone Africa’s biggest free-trade zone in the Horn of Africa nation. The zone, one of several new port and trade facilities being developed by Djibouti, will span an area of 4,800 hectares. The zone will be jointly operated by Djibouti Ports and Free Zones Authority and China’s Merchants Holdings company. The zone which will house manufacturing and warehouse facilities, an export-processing area and a services centre, is expected to handle trade worth $7 billion within two years, and create 15,000…

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Africa Business Economy Featured 

The Africa CEO Forum launches the Women in Business Network

PARIS, France,  July 2018 – Building on the success of the Africa CEO Forum’s Women in Business initiative, the first Women in Business Annual Leadership Meeting, organised by Jeune Afrique Media Group, in partnership with the International Organisation of La Francophonie and ESSEC Business School, brought together 200 influential women business leaders from 32 countries in Paris on 2 and 3 July. The watchword on everyone’s lips was “Tangible action, real results!” Building and maintaining your network of influence to develop your company, asserting one’s leadership and managing one’s image…

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Africa Business Economy 

Is sub-Saharan Africa Ready for the Electric Vehicle Revolution?

When Francis Romano imported his first electric vehicle, a Nissan Leaf, into Kenya in 2016, it was held up at the port because customs officials had never seen one before. Since the car didn’t have an internal combustion engine, they didn’t know what to make of it. But things are changing fast. When Romano imported more electric vehicles to test their performance in the Kenyan market, he found he could run his entire business without petrol, saving up to 70% a year on fuel. Africa is urbanising faster than any other continent,…

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Africa Business Economy 

Alain Ebobissé: Infrastructure in Africa – Investors Noticing the Commercial Opportunities

Improved infrastructure is a prerequisite for long-term sustainable growth and development in Africa. Modern infrastructure will benefit individual countries and their citizens and promote regional integration and Africa’s full participation in the globalised economy. Closing the infrastructure quantity and quality gap relative to the best performers in the world could increase per capita GDP growth in Africa by 2.6% a year (World Bank, 2017). Many countries have made substantial progress, but some remain in a negative cycle. Businesses cannot grow because of poor infrastructure, so they remain informal and do not pay…

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Africa Business Economy Featured 

Veolia Water Technologies reveals new “Ambitions for Africa”

The speed and magnitude of Africa’s ongoing urbanization, with 1.3 billion people expected to live in cities in 2050 compared to 480 million today, combined with its rapid industrialization, has shed a new light on the evolving and multifaceted needs for water treatment and infrastructures. To address the plurality of these needs, Veolia Water Technologies has defined and launched a dedicated project called “Ambitions for Africa”. Carried out by 1,000 dedicated employees across the continent, the “Ambitions for Africa” project aims at anchoring the company in the territories where it operates through…

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