Tag Archives: Africa

Why African Entrepreneurs Embrace Business Education (Forbes)

Entrepreneurs are the lifeblood of economic progress, with small and medium-sized enterprises (SMEs) making up 90% of all businesses. These SMEs are more than just companies; they are the engines of job creation, contributing “up to 40% of national income (GDP) in emerging economies.” However, a closer look reveals a gap. Many of these enterprises begin their […]
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Nampak to sell its liquid cartons, Zambia and Malawi businesses (EN)

The selling parties include Nampak Products, Nampak International, Nampak Southern Africa Holdings and Transmar, all of which are Nampak group companies. The buyers include Corvest 15, Diversified Liquid Packaging Group and Liquid Cartons, with Dlondlobala Capital acting as fund manager of D Capital Fund 1, as part of the consortium. Click here to read the full article

Hospitality industry ready to show that Africa is open for business when Africa’s Big 7 returns(IOL)

The premium food and beverage market in Africa is expected to reach $44 billion by 2025, and with private label booming in Africa, consumers are increasingly seeking value without compromising on quality. The show will delve into the latest consumer trends and dining demands, including addressing how menus are adapting and will also showcase quality […]
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African cocoa plants run out of beans as global chocolate crisis deepens (Bizcommunity)

Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, which means chocolate prices around the world are likely to soar. Chocolate makers have already increased prices to consumers, after three years of poor cocoa harvests, with a fourth expected, […]
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Anti-LGBT+ law puts Ghana’s IMF and World Bank funding at risk, finance ministry warns (FT)

Implementing an anti-LGBT+ law passed by Ghana’s parliament could derail the west African country’s funding from multilateral institutions, including the World Bank and IMF, the finance ministry has warned. Ghana, which is seeking to recover from its worst economic crisis in a generation, could lose $3.8bn in World Bank financing over the next five to […]
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Centralised data management is critical for African mining operations(Intelligent CIO)

Mining companies operate from a head office and multiple remote mining sites creating disparate IT systems, distributed data storage, unmanaged solutions, creating fragmented and disconnected data sets, leading to loss of efficiency explains Hemant Harie at Gabsten Technologies and Iniel Dreyer at Data Management Professionals South Africa. The mining sector has not escaped the move […]
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Mozambique’s $80bn energy plan to tap Zambezi’s power (Moneyweb)

Mozambique is seeking to become one of Africa’s biggest hydropower producers and launch a green hydrogen industry. The government plans to add 14 000 megawatts of hydropower capacity, with the bulk of that developed between 2030 and 2040, the government said in a 60-page Energy Transition Strategy seen by Bloomberg. A hydrogen program will be […]
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Africa’s history of cannabis offers fascinating insights (Moneyweb)

It is the centre of industries that generate billions of dollars, but cannabis-policy reforms in Africa have mostly benefitted investors and consumers in wealthy countries. African countries have competitive advantages for farming the plant, says the author. The plant evolved in central Asia millions of years ago. Across Eurasia, humans began using cannabis seeds and […]
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African nations dominate top 10 economic growth spots in 2024 (M0neyweb)

Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light. Six of the top-10 performing economies in the world are forecast to come from Sub-Saharan Africa in 2024, according to the International Monetary Fund. Their smaller size won’t be enough to make up for […]
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Let’s Talk AI – EY’s Amé Thwaits explains how businesses can take advantage of AI(BT)

Innovation and Digital Leader for EY Africa – about the advantages AI offers businesses. Thwaits is a Registered Auditor and Chartered Accountant with extensive experience across the mining and financial industries. This experience has allowed Thwaits to collaborate with multiple global innovation leaders, regulators, and professional bodies to use digital solutions to improve audit quality […]
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