Motorcycle Boom in Africa
The continent’s two-wheeler market is projected to cross US$10 billion by 2022 owing to population, rising urbanisation and absence of reliable public transportation system in most of the African countries. The requirement for last-mile connectivity solutions presents opportunities primarily due to the relatively low penetration of two-wheelers vis-à-vis the total population of the continent. The […]
Pandemic Hits Nigeria’s Small Businesses Hard
The survival rate for Small and Medium Enterprises in Nigeria has taken a massive hit this year amid a general slump in economic activity. A sharp drop in global crude oil prices, on the back of the coronavirus outbreak, slammed the country’s oil-dependent economy. The pandemic, which took a full course in the first two […]
Zimbabwe’s Children have Ditched School to Make a Living
Children as young as 10 used to cool themselves from the sweltering heat in the Odzi River on their way back from school in mineral-rich Marange, a village 90km south of Mutare in eastern Zimbabwe. Now, with the public education system collapsing and the pandemic taking a wrecking ball to their parents’ economic opportunities, children […]
Lusaka’s Economy Story Shows a Sad Tale
A decade ago, as the rich world was struggling with the aftermath of the global financial crisis, much of Africa was surfing a wave of optimism. At the front was Zambia, which in the early 1990s was among the first African countries to ditch one-party rule and socialism. In 2012, after a decade of stunning […]
Jumia Bounces Back after Changing Gears
In response to Covid-19 outbreaks across the continent, Jumia—the largest pan-African e-commerce operator, made a shift in its business model. The e-commerce marketplace operator de-emphasized its phone and consumer electronics inventory, shifting focus to everyday product categories including groceries and beauty products which rose in demand. The move was partly due to emerging supply chain […]
Africa’s Telecoms Sector may not be Immune from the Commercial Upheavals of Covid-19
After-tax profits at Safaricom fell to Ksh33.07bn in the six months to September from Ksh35.2bn the year before as flagship mobile money service M-PESA and voice revenues declined, even as mobile data usage increased. The scrapping of charges for M-PESA transactions under Ksh1000 in a bid to reduce physical transactions amid the pandemic led M-PESA revenue […]
Petroci Advised On The Construction Of A Liquefied Petroleum Gas Storage Infrastructure In Abidjan
The teams of international law firm Gide, working with Ivorian law firm SCPA 3K, under the coordination of Nicolas Jean (Gide), advised the national oil operations company of Côte d’Ivoire, PETROCI-Holding, on the construction of a liquefied petroleum gas (LPG) storage facility with capacity of 12,000 metric tons in the port of Abidjan, in partnership with SAHARA Energy Logistics […]
Day Three – Africa Tech Festival
“The future belongs to Africa” – Professor Tshilidzi Marwala, Vice-Chancellor of the University of Johannesburg, Deputy Chair Presidential 4IR Commission AfricaCom, AfricaTech, AHUB, accelerateHER, Fintech Africa, 5G Africa, AI Africa and more have come together online to discuss, debate and deliberate how technology and telecommunications are impacting development on the African continent – what Africa can […]
Burundi Re-Open’s Airspace
The Burundian government said on Tuesday that it will reopen the country’s international airport on Nov. 8, almost eight months after it was closed due to efforts to contain the spread of the COVID-19 pandemic. Prosper Ntahorwamiye, government spokesman, said in a statement read on state broadcaster Burundi National Radio and Television that Melchior Ndadaye […]
Africacom Awards 2020 – Winners Announced
The industry acknowledges those who are building a better and more inclusive digital world Taking place online, this year’s AfricaCom Awards were run a little differently, with all winners selected through an open public voting system. The caliber of entries once again emphasized the exceptional commitment these companies and their leaders have to the socio-economic […]
