African Development Bank Backs Tanzania’s Hydro Plans
The Board of Directors of the African Development Bank have approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania that will provide reliable renewable energy to households, schools, clinics and small and medium-sized enterprises in the Kigoma Region. The Malagarasi Hydropower project has several components: a […]
Jumia Changes its Focus
Back in 2012 when it first launched, Jumia’s long-term goal was to become the leading e-commerce player on the continent. It set about that objective like typical e-commerce platforms do: acquiring vast inventory, building warehouses, and aiming to drive online sales based on the promise of ease and convenience. Indeed, one of the company’s first […]
Africa’s Most-populous Country Considers Joining the G-20 Debt-relief Initiative
The economic crisis caused by the pandemic and ensuing lockdowns has left many struggling: 1.7 million Kenyans lost their jobs between April and June 2020, while 20.8 million borrowed funds using a programme provided by popular mobile carrier Safaricom, double last year’s number. One financial services conglomerate headquartered in Nairobi bought a yard to store […]
New Project Seeks to Restore and Improve Mozambique’s Infrastructure
Despite sustained economic growth since 2005, rural poverty in Mozambique persists. Low agricultural productivity, particularly in the northern and central provinces, is exacerbated by poor physical connectivity, including limited access to agricultural extension services, credit markets, and market information. Limited transport infrastructure means that economic activity is effectively segmented into three geographical regions – north, […]
Top Travel Blogger Takes On The Cape’s West Coast “Hidden Gems” In New MTV Base Show
Episode one of the Viacom CBS limited series lifestyle show, makes its highly anticipated debut on MTV Base this Friday, 27th November. The unique short-format show is a journey to discover SA’s best-kept getaway destination, Yzerfontein on the Cape West Coast, with the premiere episode featuring travel blogger Farirai Sanyika (Gophari) and friends. It’s a […]
The Impact Of Covid-19 On Financial Planning For Businesses
With historical data almost meaningless when forecasting during COVID-19, behavioural insight is key for accurate planning According to Paul Donovan, Global Chief Economist at UBS, the second quarter of 2020 was the worst in history, swiftly followed by a record rebound Q3. While that news is positive, there is no tougher challenge than seismic environmental unpredictability […]
A Migrant Turned Saviour of Others
Seven years ago, when Cameroon began experiencing inter-regional conflict, Armand Loughy, a 55-year old Cameroonian psychiatrist, strapped her youngest child on her back and with her five other children embarked on the dangerous Journey from Cameroon towards Rabat, Morocco’s capital. They fled the deteriorating security situation in Cameroon, looking for a better life. Loughy, who is […]
Covid-19 Brutally Exposes A Lack Of Customer Experience In Local Businesses
Marketing guru, Philip Kotler, said that the customer is king, but has this been the case during the Covid-19 pandemic? Having wreaked havoc on a majority of businesses, the pandemic has forced brands to reconsider their business models, and most importantly, the customer experience they offer. Immersion Group’s Head of Digital, Geoffrey Hardy, says that while […]
5 Things to Keep in Mind When Looking to Sell your Business
Small businesses are an integral part of Africa’s economic development. If you have spent the last few years pouring your efforts into growing your business and you have seen it succeed despite the odds, then it might be important to you that the business is sold so that it continues to be part of the […]
How Africa Can Embrace an AI-enabled Future
By: Zoaib Hoosen, Microsoft Managing Director. It’s no longer news that Artificial Intelligence (AI) will be a driving force behind the Fourth Industrial Revolution, with the global economic returns of this revolution expected to be in the region of about $16 trillion. Along with these returns, AI is also expected to create 2.3 million new jobs by 2020, according to Gartner. […]
