Category Archives: Africa

Bankly Launches Microfinance Bank(ITNA)

Nigeria| Bankly, a popular Fintech company specializing in payment processing, has announced the launch of Bankly Microfinance Bank, marking a significant milestone in their journey to provide accessible financial solutions in Nigeria.The launch event held in Lagos showcased the newly introduced Group Savings features on the Bankly App. Bankly’s mission, which began in 2019, aims […]
Read More »

5G connections in Africa to increase 50-fold by 2028(M&G)

Growing adoption of 5G technology across Africa is set to drive a staggering 47-fold increase in subscriptions in the next five years, not counting North Africa, according to a recent report. According to the latest Ericsson Mobility Report 2023, 5G subscriptions will grow from a relatively modest base of 3 million last December to a […]
Read More »

Senegal secures $2.7bn in climate finance from G-7 nations (Moneyweb)

The deal is modeled after one South Africa is pursuing with G-7 countries and several institutions to access $8.5 billion in climate finance. Senegal has secured 2.5 billion euros ($2.7 billion) of funding from Group of Seven countries to transition to cleaner energy, making it the first country that doesn’t rely on coal for electricity […]
Read More »

Farming in South Africa is being hobbled by power cuts and poor roads. Rural towns are being hit hardest (The Conversation)

South Africa’s agriculture has had great consecutive seasons since 2019/20. The sector’s gross value added grew by 14.9% in 2020, 8.8% in 2021 and modestly by 0.3% in 2022 . This was primarily supported by favourable weather conditions. The current season is also likely to deliver solid growth for the sector, with variation across sub-sectors. […]
Read More »

New GIBS article: Home country (in)stability and the locational portfolio construction of emerging market multinational enterprise by Helena Bernard and John Luiz

Emerging markets often experience instability due to rapid changes to the institutional environment, social changes like rapid urbanization, or even unrest. We argue that emerging market multinationals (EMNEs) manage such instability by constructing and changing locational portfolios, and qualitatively analyze six cases in South Africa over a period that included the entrenchment of Apartheid, increasing […]
Read More »

Energy business trends start blowing in Africa’s favor (CGTN)

For the moment, Africa stands poised for stronger economic growth, despite the headwinds. The European Union (EU) member states and United Kingdom (UK) have urgency to find energy resources from other countries, while they transition away from Russian energy imports after Russian President Vladimir Putin had launched the ‘Special Military Operation’ in Ukraine starting on […]
Read More »

This investor wants to invest R290m into 20 SA businesses. But they must be ‘revolutionary’(BI)

SA does not take startups seriously Though Akindele wants to do deals across the globe – as long as they benefit Africa – he is keen to invest in South African ventures. Platform Capital set up offices in Johannesburg nine months ago and aims to invest $20m in 20 South African businesses a year. The […]
Read More »

Stricter transformation and BEE rules planned for South Africa’s banking and finance sector (BT)

The financial sector is a key contributor to the South African economy and is an important component in driving a transformation of the economy and ensuring greater inclusivity in economic activities, the regulator said. Since democracy, there has been some progress made toward both economic transformation in general and financial sector transformation specifically. However, it […]
Read More »

How SA’s education institutions can beat the digital transformation challenge (IT WEB)

South African education has never been more pressured to perform. Digital transformation, often touted as the solution, can just as quickly become the challenge. One of the problems is that it’s an all-encompassing phrase. In the past two years it has come to symbolise distance learning, remote learning, home schooling and online education. All of […]
Read More »

Brenthurst report charts SA’s stark economic decline (DM)

Every year the Economist publishes a book called Pocket World in Figures, which ranks economies on size and a host of other items. In 1993 the third edition was published and ranked South Africa as the 28th largest economy in the world. Last year the same ranking showed that South Africa was now the 38th […]
Read More »