Tag Archives: Africa

Steering South Africa Inc.: The 2024 List Of Top CEOs In Africa’s Biggest Economy(ForbesAfrica)

In FORBES AFRICA’S inaugural list of Top CEOs in Africa’s biggest economy, the number-crunching corporate titans attest that in a country that has seen many highs and many historic lows, it’s all about capitalizing on the moment and turning impossible challenges into results-driven success. click here to read the full article

Energy transformation, ESG-focused solutions showcased at Electra Mining Africa (AM)

ABB, a technology leader driving digital transformation in industry, with a history of innovation spanning over 130 years, had a major presence at Electra Mining Africa 2024, last week. With both an indoor and outdoor stand, the company showcased products and solutions for diverse sectors. These range from mining to electrical, automation, manufacturing, power generation […]
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Banking Sector Spurred Nigeria’s Economic Growth In 2023, Contributing 4.6% To GDP, Per Report(ForbesAfrica)

Nigeria’s Financial & Professional Services (FPS) sector demonstrated strong performance in 2023, with the banking sub-sector leading the way, contributing 4.6% to the nation’s gross domestic product (GDP), according to the recent State of Enterprise (SOE) 2024 report by EnterpriseNGR, a member-led group focused on developing Nigeria’s FPS sector through collective advocacy. Click here to […]
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How SA Businesses can do more with less using automation, AI, and machine learning( iAfrica)

In a survey of more than 3,000 South Africans working across various industries, 59% stated that they knew about ChatGPT but only 38% had used it previously. Those who had never used the generative AI chatbot offered several reasons for not making it part of their day-to-day operations. More than half said they did not […]
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African airlines lead global air cargo growth at 18.4% in May(bizcommunity)

In May 2024, the International Air Transport Association (Iata) reported robust growth in global air cargo demand, with a 14.7% increase in cargo tonne-kilometers (CTKs) compared to May 2023. International operations saw an even higher growth rate of 15.5%. This marks the sixth consecutive month of double-digit year-on-year growth. Meanwhile, capacity, measured in available cargo […]
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5 FinTech innovators diversifying Africa’s digital finance(IBS)

Africa’s digital finance landscape is rapidly evolving, driven by a wave of innovative FinTech companies transforming how financial services are accessed and utilized. With over 400 million people still unbanked, FinTechs are stepping in to bridge the gap, offering solutions from mobile money to digital lending. The FinTech ecosystem is projected to grow at a […]
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True financial inclusion calls for smaller markets to receive equal attention to larger ones (TN)

The potential for mobile money and digital payments to drive financial inclusion is immense. We can see this potential being unlocked on the African continent as it accounts for 70% of the world’s $1 trillion mobile money value and registered a 12% growth in mobile money accounts to 1.75 billion in 2023. This is opening some new opportunities for […]
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Energy poverty and funding hurdles hold back Africa’s green transition (FT)

The effects of a rapidly warming climate are all too evident in Africa. Floods described as “unprecedented” killed more than 200 people in Kenya in May and displaced thousands more. In the Sahel, the semi-arid strip south of the Sahara, climate change is causing desertification that has made livestock production increasingly difficult, exacerbating conflict and […]
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IMF projects improved growth for Africa but debt and limited taxes still prompt concern (AB)

Following a series of setbacks in recent years, including the pandemic, record inflation, tighter monetary policy, and escalating debt burdens, Africa’s economy is now rebounding. The International Monetary Fund (IMF) projects that the continent’s economic growth will reach 3.5% in 2024 and 4% in 2025. “Nearly two thirds of the countries on the continent are […]
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Empowering African businesses for secure African payments

Mastercard and Onafriq (formerly MFS Africa), a pan-African payments company, have joined forces to introduce secure, cost-effective, and innovative payment solutions to consumers and small and medium enterprises (SMEs) across the continent. Africa’s mobile money sector stands as one of the most established and rapidly expanding fintech industries globally. According to The State of the Industry Report on […]
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