Nigerian App Creates Explores Farm to Table Produce
Nigerian agri-tech startup Agriple is connecting farmers to buyers via an online platform that improves market access, shortens the farm-to-table time, and cuts food waste. Launched in August 2019, Agriple has built a web application that allows farmers to upload pictures of their farm produce along with prices, and sell to buyers in any part […]
Dakar Cleans Up its Port to Avoid a Beirut Disaster
The port of Senegal’s capital Dakar on Thursday said it had requested the removal of around 2,700 tonnes of highly explosive ammonium nitrate stored in its complex – the same volume of the chemical that caused Beirut’s devastating port blast this month. The unidentified owner of the stockpile has found a warehouse to store the […]
Africa’s Youngest Country Runs Out of Foreign Exchange Reserves
South Sudan gets almost all of its revenue from crude oil, but current output, at about 180,000 barrels per day (bpd), has plummeted from a peak of 250,000 bpd before the outbreak of conflict in 2013, according to official figures. “It is difficult for us at the moment to stop this rapidly increasing exchange rate, […]
When Jumia Closed Shop in Tanzania, New Doors Opened for E-commerce
The newly-established delivery app industry in Tanzania is serving up old business in a new format, diversifying the e-commerce market and driving consumer behavior beyond Covid-19. When Zadok Prescott first started the home delivery application, Piki Tanzania, he only thought of it as a supplement to restaurant dining. However, when Tanzania also fell victim to […]
A New Boom in Hydro Schemes in Africa
Increasingly erratic rainfall patterns has resulted in fluctuating hydroelectric production at the continent’s dams. Meanwhile, the impact of dams and reservoirs, in terms of population displacement, loss of land and damage to local wildlife and environments, has been considered more seriously. Those problems all still exist, but the climate change benefits of hydropower, together with […]
Lagos Losing its Commercial Capital Appeal
Beyond taxes, startup founders and ecosystem leaders are also weighing other costs that come with doing business in Lagos. The city’s notorious traffic jams make commuting a stressful daily routine, impacting productivity and quality of life. The associated higher costs of living in Africa’s largest city also drive up companies’ overheads and employees’ living expenses. […]
Young South Africans Are Shut Out From Work: They Need A Chance To Get Digital Skills
Most young people from disadvantaged backgrounds in South Africa continue to be denied access to information and communications technology because of poor infrastructure and the digital divide. The cost of mobile data is part of the problem. For example, compared with its fellow members of the BRICS group of nations, South Africa has the highest average price for […]
CNN Explores The Impact Of Covid-19 On South Africa’s Offices
This week on Marketplace Africa, CNN International’s Eleni Giokos explores how the move to working from home is impacting the South African commercial property industry. With nearly 45 percent of South Africans working virtually since March, companies across the board are re-evaluating the need for office space. Even before the coronavirus pandemic, many companies were […]
Standard Bank Results For The Six-month Period Ended 30 June 2020 Impacted By A Very Difficult Environment
Pre-provision operating profit: R24 295 million, up 4% Headline earnings: R7 541 million, down 44% Headline earnings per share (HEPS): 474 cents, down 43% Common equity tier (CET) 1 ratio: 12.6% (1H19: 14.0%) Net asset value (NAV) per share: 11 265 cents up 7% Return on equity (ROE): 8.5% from 16.2% Cost-to-income ratio: 56.4% (1H19: […]
