Africa Economy General 

Africa Driving its Own Development Agenda

In Africa today, local capital markets, domestic institutions and favourable demographics are converging. This is seeing many countries take control of their own investment and growth agendas.“Large parts of Africa are rapidly approaching a market standard where risk is increasingly less of a factor,” says Charl Bruyns, Head, Investor Services for Standard Bank Group. Pension fund reforms, new settlement systems and exchanges, coupled with increased financial inclusion – largely driven by mobile technology and fintech – have created the market and capital conditions to leverage domestic investment and growth.    The…

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Africa Business Economy 

Borrowing In Africa Gets Smarter

Akinwumi Adesina, President of the African Development Bank (AfDB), recently revealed that Africa’s annual infrastructure gap now stands at as much as $170bn. For many this will come as a shock. Only last year the bank projected a figure of $90bn – almost half. As Africa’s population booms – Nigeria for example will be the world’s third most populous county by 2050 – the need for robust infrastructure is paramount. In terms of the African economy, the continent has long been reduced to raw material exports– with little to no value-added…

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Africa Business Economy 

EMEA Finance bestows on AFC President & Chief Investment Officer

Champion of finance awards bestowed on Africa Finance Corporation (AFC) and its leadership. These awards are given to those individuals whose lifetime contributions to finance and the EMEA region have demonstrated excellence and provided an impactful result for shareholders and clients alike. Additionally, the Corporation received recognition in EMEA Finance’s Achievement Awards 2017 for success in accessing international capital markets. The Corporation won the following accolades: Best Supranational Bond, Best Supranational Sukuk, and Best Supranational Borrower. Andrew Alli, Africa Finance Corporation’s President and CEO is presented with the Champion of…

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Africa Business Economy Entertainment Featured 

Lloyd Madurai – a Radio Trailblazer

It is not every day that you hear of someone pursuing their dream career from a young age and being a success but Lloyd Madurai is such a success. At the age of 40, Lloyd Madurai has achieved more than most in the radio industry, in fact some might call him an over-achiever, with a career in radio spanning 27 years. Lloyd pursued his radio dream from an early age, 13 to be exact. He worked over weekends at The Wheel Shopping Centre Radio Station, in Durban called “WCN –…

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Africa Business Economy 

‘BLUE IS THE NEW GREEN’: Debut Africa blue economy forum hits the mark

Launch event attracts international experts to debate ways to harness Africa’s oceans Leila Ben Hassen, Founder and CEO of ABEF organiser, Blue Jay Communication, LONDON, UK, June, 2018 – The African continent needs to work together on a country and regional level to put in place and, more crucially, implement a sustainable maritime governance system that will benefit the whole continent, concluded delegates at the first Africa Blue Economy Forum (ABEF). ABEF 2018 took place in London on 8 June, to coincide with World Oceans Day. The Forum attracted international…

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Africa Economy Featured General 

Mo Salah brings hope and pride back to weary Egyptians

Mohamed Salah’s beaming face adorns huge advertising billboards across Egyptian cities. Merchants seeking to tap into his soaring popularity are selling bed linen and lanterns, traditionally given to children during the holy month of Ramadan, emblazoned with his image. In a popular café in downtown Cairo, a huge mural of Mr Salah has added a youthful look to a painted pantheon of past Egyptian greats, including Nobel laureates and Umm Kulthum, the renowned diva. After years of political turbulence, polarisation and economic hardship in the Arab world’s most populous nation, Egyptians…

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Africa Business Economy 

Dele Kuti: Africa could be the world’s next big oil and gas energy play

New prospecting, drilling and refining technologies combined with increased global energy consumption supported by Africa’s increasingly positive demographic and legislative environments are breathing new life – and significant investment – into the continent’s growing oil and gas sector. The increased costs of oil and gas production and beneficiation are seeing global energy majors build production and refining capability closer to new sources of oil and gas and fast-growing markets. Since many of these new finds are in Africa’s fast-growing emerging and frontier markets, Africa’s rapidly growing consumer and infrastructural opportunities, adds to the rationale…

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Africa Business Economy Featured Sports 

From starting bench to startup: Two rugby stars tackle e-commerce

All professional athletes one day reach a point in their careers where they have to decide what’s next. For Tim Whitehead – a former DHL Stormers and Sharks centre – it was to start his own business. He had the idea while holidaying in Vietnam and, truth be told, only wanted to sell clothes online to fund his travelling addiction. Having begun to learn about running a business while still playing rugby, Whitehead knew that he wanted a partner and called up DHL Stormers captain Siya Kolisi. The two had…

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#HWMIIA Podcast: Samuel Gikandi on building a pan-African tech company

Samuel Gikandi, co-founder and CEO of Africa’s Talking, speaking during the 2018 Africa CEO Forum, held in Abidjan. Samuel Gikandi is the CEO and co-founder of Africa’s Talking, a Kenya-based mobile technology company. How we made it in Africa editor-in-chief Jaco Maritz caught up with Gikandi at the 2018 Africa CEO Forum (hence the background noise) to talk about his business journey, starting a company while still holding a full-time job, and what keeps him up at night. Listen below. How we made it in Africa Interview with Samuel Gikandi,…

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Africa Economy 

African Presidents with the Most Expensive Private Jets

A look at some of the President’s luxurious private aircrafts playPresident Uhuru Kenyatta sits in a plane’s cockpit. (Courtesy) Luxurious, state-of-the-art technologies, plush interiors, super-sonic speeds. These are the some of the words that would best describe the expensive jets that African Presidents cruise the world in. Business Insider SSA takes a look at some of them: 10. Angola President’s Plane (Embraer ERJ-135) play   Angola’s President José Eduardo dos Santos flies in the Embraer ERJ-135 that is said to cost a whopping $16 million. The plane is renowned for…

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