Kenya’s Economic Storm has been Brewing for Some Time
Over the last 10 years, between 2013 and 2023, Kenya’s average growth rate has been 4.52%. This is less than half of the 10% growth rate that President Mwai Kibaki had envisaged in Vision 2030. Several economic factors have come together, creating the perfect storm for these mass protests. First, young Kenyans have endured hard […]
Cocoa Futures Fell Six Times in a Row this Week
It’s the longest run of losses since 2022, as improved weather in the main growing region in west Africa takes the heat out of a record price surge. The most active futures contracts in New York tumbled 5.6 per cent to $7,361 a tonne, and its London equivalent lost 10.3 per cent to £7,010 a […]
Landscape Analysis of AI Startups in Africa
AfriLabs has released a comprehensive report titled “Landscape Analysis of AI Startups in Africa,” providing a detailed mapping of AI startups across the continent. This research categorizes startups by their focus areas, stages of development, and geographical distribution, while examining the challenges and opportunities these startups face within Africa’s unique socio-economic landscape. The study emphasizes […]
Addis Wants to Withdraw from its Nationalisation Stance But Investors aren’t Convinced
When the Ethiopian government tried to partially privatize Ethio Telecom earlier this month, the interest from international investors was lukewarm. A stake in the former mobile monopoly should have been an attractive investment: The former mobile monopoly has more than 64 million users, and more than 40 million mobile money users, making it one of […]
Nigeria is Replete with Untapped Mining Resources
But the country has largely failed to generate significant income from its vast natural resources – less than 1% of Nigeria’s GDP is contributed by its mining industry.Many intriguing projects never make it past the exploratory or feasibility stage due to the difficulty of obtaining funds for project design, development, and manufacturing. The lack of […]
Meet the Entrepreneur Making the WeWork Model Successful in South Africa
With ventures that span multiple industries and countries, at 46, Andrew Robinson is someone who already holds many titles – CEO of Siand, founder of SiSebenza, Executive Director of WeWork South Africa, Co-founder of AM Vineyards and Co-founder of TradingHouse Global. In 2017, Robinson approached WeWork to become its African partner. “At the time, WeWork […]
How to Fund Africa’s Fintech Industry
From 2016 to 2022, funding for African startups grew 18.5x, 45% of which was attributable to fintech per a McKinsey report. And in the eight years to 2023, nearly $4 billion in equity funding was poured into fintech startups while the sector accounted for around half of the total financing raised last year.The surge in […]
Africa has Become One of the most Profitable Regions for Local and Foreign Capitalists
The continent is currently experiencing an influx of ideas, innovations, and revenue, propelling an unrelenting economic reformation. Africa is growing in population, splendour, and strength. There is a lot of financial potential both with her people and resources. The economies of countries such as Nigeria, South Africa, and Kenya, among others, have prompted a significant […]
Inch by Inch, Home by Home, Saint Louis is being Washed into the Sea
A crowded island city built among waterways, Senegal’s former colonial capital—dubbed the “Venice of Africa”—is especially exposed to a changing climate and rising oceans. The thin peninsula on which fishermen like Mr Badiane live has the Atlantic on its west and the mouth of the Senegal river on its east. A botched attempt, in 2003, […]
Transforming Nigeria’s Oil Industry: The Urgent Need for Efficiency and Innovation
In the face of declining oil production and economic challenges, Nigeria’s oil industry stands at a critical juncture. The urgent need for efficiency and cost reduction has never been more apparent. This article explores the transformative potential of improving drilling performance and reducing well delivery costs, highlighting the significant opportunities and strategies that can drive […]
