Declining Market for Used Clothes in Africa
The sale of used clothing is a billion-dollar global industry. According to some estimates, almost 70% of garments that are donated globally end up on the African continent. This happens through a complex global supply chain, where donated items that cannot be sold in thrift shops in high-income countries are resold in bulk to commercial […]
The Republic of Chad Strives for an 8% Yearly Growth Rate by 2030
This is the objective of the Master Plan for Industrialization and Economic Diversification, set up by Ndjamena. It aims to develop the national economy by exploiting key sectors such as energy, mining and digital technology. The first phase of this program which extends until 2022 costs over 985 billion US dollars. The United Nations Economic […]
Setting Up the First Amazon Web Services in the Africa Region
The cloud computing platform of Amazon.com Inc, has launched its data centre operations at three locations in Cape Town, South Africa. The company defines a “region” as a combination of two or more physical data centre clusters, which Amazon says helps its clients store data and run applications, provide faster response and have content back-up. […]
Covering Medical Expenses for South Africa’s Missing Middle
Between 70 and 80 per cent of employed South Africans cannot afford medical aid, and do not always have cash readily available to pay for unexpected medical expenses. A local fintech startup thinks it has the answer. Launched in 2017, Oyi has developed a prepaid medical card solution that can be used only to pay […]
Trade between China and Africa Plummeted in the First Quarter of the Year
The coronavirus has piled extra pressure on the world’s second-largest economy, which continues to struggle with the impact of a punishing and drawn-out tariff war with the United States. China’s imports from Africa, mostly raw materials for industry, such as oil and metals, fell by 17.5 per cent in the quarter to US$19.8 billion, while […]
Poll Reveals 70% of African Businesses Expect their Revenues to Decrease by More Than 10% Next Month
70% of African Businesses Expect their Revenues to Decrease by More Than 10% Next Month In a live poll conducted by Africa.com on April 22 as part of its webinar series, Crisis Management for African Business Leaders, nearly 70% of webinar participants predicted that their business revenue will decrease by more than 10% next month. […]
