Join Top African Business Leaders Online to Explore Best Management Practices to Cope with COVID-19 in Africa
As COVID-19 takes hold of African economies, African business leaders are challenged with new risks and uncertainty. Africa.com has recruited Harvard Business School Faculty to lead an online webinar series, “Crisis Management for African Business Leaders.” The four-part webinar series starts on April 15 and will feature panel discussions led by the faculty, in conversation with leading […]
Celebrating Africa’s Business Heroes
The Africa Netpreneur Prize Initiative was created by Alibaba founder Jack Ma after his first trip to Africa in 2017, and aims to support the next generation of African entrepreneurs. The first edition was won by Nigerian startup LifeBank in November last year. Run through the Jack Ma Foundation, the prize will select 10 finalists […]
South African Banks to Honour their Shareholders
Standard Bank says it will distribute dividends to shareholders later in April, joining Nedbank and Absa in proceeding with paying recently declared dividends. On Monday, the Reserve Bank’s supervision division, the Prudential Authority, issued a nonbinding recommendation for banks to consider suspending dividends and putting bonuses to senior managers on hold as SA grapples with […]
Young Zimbabwean Recognised for Changing his Fortunes
Zimbabwean entrepreneur, Paul Makaya – the founder and CEO of Bergast House, a digital solutions company – has been named in the Forbes Africa’s 30 Under 30 list. The list is one of the most-anticipated of young game-changers on the continent. Each year, Forbes Africa looks for resilient self-starters, innovators, entrepreneurs and disruptors who have […]
Africa’s Uptake of Renewable Energy is Moving in the Right Direction
The trend is largely driven by solar, with a large pipeline of projects amounting to 1.2 GW expected to come online in 2021 outside South Africa, over double the amount commissioned in 2018. With the right policy framework and investment, Africa could meet a quarter of its indigenous energy needs through renewable sources by 2030, […]
AfDB President’s Call for Sanctions to Be Lifted
“In the face of this pandemic, we must put lives above resources and health above debt. Why? Because developing economies are the most vulnerable at this time. Our remedies must go beyond simply lending more. We must go the extra mile and provide countries with much-needed and urgent financial relief and that includes developing countries […]
Africa’s Leading Mobile Money Service Is Finally in African Hands
M-Pesa, the East African mobile money service, is now fully owned by two of Africa’s largest telecoms companies. Kenya’s Safaricom and South Africa’s Vodacom have acquired the stake of UK telecoms operator Vodafone, a long-time stakeholder in the service since it was first launched in 2007. Even though the service has been mostly associated with […]
Child Labour Haunts US Chocolate Firms and Africa’s Cocoa Producers
The use of child labour on cocoa farms in top producers Ivory Coast and Ghana has risen over the past decade despite industry promises to reduce it, according to a draft of a report funded by the U.S. Department of Labor. It is expected to be published later this month and shows that more than […]
Sub-Saharan Africa will Suffer its First Recession In 25 years
A World Bank report predicts this as a consequence of the coronavirus outbreak. In a grim assessment, the bank says that the region’s economy could shrink by as much as 5.1%. It points to the impact that the virus will have on Africa’s key trading partners as well as a fall in commodity prices as the […]
Tension From “Lockdown” Response To Covid-19 In Africa
By Edwin Ikhuoria, Africa Executive Director – ONE Campaign A video was recently circulated showing people in overcrowded slums in Lagos, Nigeria resisting lockdown. In that video, the people expressed their dissatisfaction with the lockdown, citing their inability to meet their food and energy needs as a major concern. In Kenya, commuters at a ferry […]
