How the Township Economy Sprouted this Agripreneur’s Venture
Creating a value chain to benefit business and residents in South Africa’s informal townships requires skill and perseverance, but that is the incredible success story of entrepreneur Lufefe Nomjana with his Spinach King franchise. Nomjana has grown his business from an initial stake of $2, four bunches of spinach and the use of a neighbour’s […]
Prominent Nigerian Bank in the Red for Blocking Transactions Intended for #EndSars Protests
Access Bank Plc, Nigeria’s biggest lender, is accused of illegally blocking an account used to promote media coverage of protests against police brutality that recently swept Africa’s most populous country. Gatefield Nigeria Ltd., a public affairs company, filed a case against Access Bank in a federal court in Abuja, the capital, on Oct. 28, accusing […]
Africans in the Diaspora have kept Inflows into the Continent Steady Besides a Pandemic
The projected dip in remittances to African countries will not be as bad as initially feared. Early World Bank estimates in April had predicted a 23.1% drop in remittances to sub-Saharan African countries this year in the wake of economic shocks in the aftermath of the Covid-19 pandemic. But the bank’s updated estimates portray a […]
The Notion that African Economies Should Produce more Locally is Gaining Traction
The Covid-19 pandemic has reinforced the notion that African countries should produce locally, rather than importing from abroad. Cipla, an Indian pharmaceutical company which holds a 51% stake in CiplaQCIL, used to import the drugs it sold in Uganda. In 2005 it entered into a partnership with Quality Chemicals Industries, its Ugandan distributor, and moved […]
Manage Your Team With Remote Work Tools In 2020
2020 has changed business. With the spread of Coronavirus many businesses are working completely remote. It is the death of the traditional work office. Businesses are completely remote, and employees have set up shop at home. When you work remotely with a team, it is crucial that you have a great collaboration and mutual understanding since […]
3 Top Investment Opportunities in Zambia
A lot has been written about the emergence of Ethiopia and Mozambique, and the changing dynamic of investing in Africa. Ethiopia is the continent’s second most populous country, with high potential for a consumer-driven boom, while Mozambique is fast rising as a potential energy hub. Throw in Angola’s oil boom and Tanzania’s energy potential, and […]
Megapipes Solutions Limited Provides Jobs, Sanitation And Water Storage Issues In Kenya
A new Kenyan company which manufactures Weholite HDPE pipes for stormwater and sanitation solutions is to construct a World Class production facility in Ruiru, Kiambu County. This, according to company director Juerg Fluehmann will create up to 100 direct and 1000 indirect jobs. “The purpose of this project is to have local manufacturing of innovative, […]
Establishment Of A National Meter Asset To Finance Prepaid Electricity In The Nigerian Power Sector
New Hampshire Capital, FBNQuest Merchant Bank and Kairos Investments Africa have announced plans for a national meter asset finance and management SPV (“MAPCo”) that would attract long term financing for the mass roll-out of prepaid smart meters to millions of electricity consumers in Nigeria who currently are not metered by the electricity distribution companies (DisCos). […]
