South African Bank Profits Under Pressure as Economy Wilts
The country’s moribund economy is dealing a hammer blow to the banks, which are facing profit declines of as much as 85%. The true extent of that pain will be laid bare when the lenders start releasing results next week in what is shaping up to be the worst earnings slump in at least 50 […]
Ride-hailing Companies in Lagos Face a New Set of Regulatory Road Bumps
Back in 2016, the Lagos state government first attempted to regulate ride-hailing startups by requiring taxi companies register each operator with the state at the cost of $320 per car. But, under a new administration, the government has changed tack. The state is set to introduce a new range of regulatory guidelines for ride-hailing including […]
Kenyan Bank Seals the Deal on Congolese Bank Takeover
Equity Group Holdings Plc has completed the acquisition of a majority stake in the Congolese lender, Banque Commerciale Du Congo (BCDC) at a discounted price of $95 million. The takeover began in September last year when Equity Bank first announced its partnership with BCDC majority shareholder, George Arthur Forrest and family. The Kenyan money lender sought […]
Covid-19 has been Africa’s ‘Light Bulb’ Moment
The new wave of innovations on the continent has seen governments, universities, corporates and small business rally together to come up with rejigged solutions and find effective ways to combat the crisis. Rwanda is known for its tech startups and encouragement of new enterprise, a raft of new ideas are emerging, from clever face masks […]
Esteemed Investment Banker Named as New Head of NBA Africa
Victor Williams has been named as CEO of NBA Africa. In this newly-created role, Williams will oversee the league’s basketball and business development initiatives in Africa and will be responsible for continuing to grow the popularity of basketball and the NBA across the continent through grassroots development, media distribution, corporate partnerships, and more. For the […]
Egypt’s Candidate for WTO Role Begins Campaign
Two qualities are needed from the WTO’s next director general to save the global trade body from a demise that was caused by a series of failures and mounting external threats, says Abdel-Hamid Mamdouh, a former Egyptian diplomat in the running to lead the Geneva-based organisation. One is “authoritative knowledge” and the second is “confidence […]
With Proper Investment In Youth, Kenya’s Potential For Progress Is Unlimited
Africa’s demographic boom has been hailed as its biggest promise for transforming the continent’s economic and social outcomes, but only if the right investments are made to prepare its youthful population for tomorrow’s world. Consider this. Every 24 hours, nearly 33,000 youth across Africa join the search for employment. About 60% will be joining the […]
Digital Models From Kenya’s Small-Scale Agriculture Could Help SA’s Pandemic-stricken Farmers
Professor Cyril Nhlanhla Mbatha, Director of the Institute of Social and Economic Research (ISER) at Rhodes University says emerging farmers and land reform programmes must embrace digital solutions to survive COVID-19.The limited re-opening of restaurants and hospitality announced by President Ramaphosa is good news indeed for small-scale farmers who have seen lockdown measures decimate demand […]
Let’s Raise A Glass To The Wonder Women Who Raise Up Other Women At Work
It was just a chance encounter over a bottle of bubbly, but it changed my job and my life “We’re on our last bottle of bubbly,” said the waiter, “and two tables ordered at the same time. I don’t know who to give it to as you’re both regulars.” Who is the other table, I […]
Connecting Thousands Of Food, Beverage And Hospitality Professionals Across Africa This September 2020
As the industry struggles to showcase its latest innovation, insights, services and opportunities, due to the current global restrictions with regards to live events and travel, dmg events have, in response to this, developed Africa’s first digital summit for the industry. The e-Food & Hospitality Next Africa Summit takes place from 1 – 30 September […]
