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 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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Africa Education Featured General 

10 Vital African Wedding Traditions You Should Know About (Photos)

An old African proverb says, “A man without a wife is like a vase without flowers.“ Africa, is made up of many nations and tribes with wedding traditions rooted deeply into the culture. Here is a quick look at 10 African wedding traditions. Bemba In the Bemba culture of Zambia, marriage starts with a class called Bana Chimbusa, a secret counselling session for the bride. The class is followed by Chilanga Mulilo, where the bride’s family takes different family dishes and presents them to the groom’s family, giving a symbolic…

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The new kids on the blockchain, Modex, announces Initial Coin Offering in Financial Times Arab Banking and Finance report today

Modex is building on its existing fintech payment application, Moneymailme. The app will be used to deploy smart contracts and crypto currencies alongside traditional currencies to create a robust, borderless social payment ecosystem   Borderless social payment ecosystem is in particular high demand in emerging and frontier markets across Africa, the Middle East, and Asia LONDON, United Kingdom, October 13, 2017/ — Following the Jamie Dimon’s strange rebuke of crypto currencies and Lloyd Blankfein’s ambiguous tweet about still making up his mind on the future of blockchain the enfant terrible. Modex,…

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Africa Business Economy Featured General 

Best Ideas to Invest in Gold

In the modern world, many people invest in Gold. Unlike other invest options, Gold investments are consider to be resistant to financial fluctuations. The securities and money markets tend to keep fluctuating and it is becoming more difficult to predict the value of stocks. The Gold assessment on the other hand tends to be more stable with little fluctuation. This may be the reason why many people turn to investing in Gold as opposed to other investment options. The two most common types of Gold investments are Gold Bullion Coins…

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Africa Business Economy Featured General 

African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid being captive to a single energy source and to allow them to rebalance budgets JOHANNESBURG, South Africa, October 5, 2017/ — NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon…

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Africa Business Economy Featured General 

Rwanda dials up investment opportunities by playing to its strengths

Produced by Maritz Africa Intelligence specifically for the NTU-SBF Centre for African Studies, a trilateral platform for government, business and academia to promote knowledge and expertise on Africa, established by Nanyang Technological University and the Singapore Business Federation. The original document can be downloaded here. *** This article is a summary report of a panel discussion that took place during the Afreximbank annual general meeting, held in Kigali, Rwanda from 28 June to 1 July 2017.  My first impressions of Kigali, Rwanda’s capital, largely agreed with the ‘Singapore of Africa’ analogies I’ve…

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Africa Business Economy Featured General 

FIRST ATLANTIC BANK ANNOUNCES INVESTMENT BY AFIG FUNDS, A LEADING AFRICAN PRIVATE EQUITY FUND MANAGER

ACCRA, Ghana – September, First Atlantic Bank (FAB) announced  that ti has finalized an agreement with Advanced Finance and Investment Group (AFIG Funds), manager of AFIG Fund II (“Fund II” or the “Fund”), for an investment in the Bank. The Fund’s investment is subject to regulatory approval. First Atlantic Bank is a full-service universal bank in Ghana which has been proving a wide range of banking services to retail and corporate clients for over 20 years. Since First Atlantic Bank’s transformation from a merchant bank to a universal bank in…

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Africa Business Economy Featured General 

Desalination? Africa should rather manage its water resources better

Access to clean water in the future is by no means certain for many regions in Africa. These include semi-arid regions like the Western Cape of South Africa, where droughts are predicted to intensify under climate change, and wetter countries like Nigeria, where many water resources are polluted. Population growth, industrialisation and pollution will also add to the problem for people needing clean water. South Africa has recently experienced one of the worst droughts on record. In particular, the levels of dams in the Western Cape have been dropping alarmingly.…

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Africa Business Economy Featured General Technology 

IOX Cable announces its plans to connect La Reunion

PORT LOUIS, Mauritius, 5 September 2017-/African Media Agency (AMA)/- IOX Cable today announced that they will be expanding their reach to now Include La Reunion as part of its construction of a new state of the art Submarine Cable System. This initiative is an expansion to the planned IOX cable system to connect South Africa to India and Asia. This connectivity will offer new routes and redundancy between La Reunion, South Africa and India. Through this expansion IOX will further its regional strategy of promoting regional economic development across the Indian…

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