Results For: business west africa

MainOne’s West Africa gets Cote d’Ivoire license

As part of its West Africa expansion, connectivity and data centre solutions operator MainOne has secured a license to expand national and international connectivity services in Cote d’Ivoire. The C1B license, received from Minister Bruno Koné, the country’s Minister for Communication, Digital Economy and Postal Services, will enable MainOne land its trans-Atlantic submarine cable and […]

Business & Economy

Africa in for competition regulation

The top ten economies by Gross Domestic Product (GDP) in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon. About twenty countries currently have functional competition law regimes, several more have enacted […]

Business & Economy

Mobile Outfitters Africa opens first shop in SA

U.S. manufacturer and innovator of mobile accessories Mobile Outfitters Africa has officially opened its first outlet in Africa at Mall of Africa, South Africa’s largest shopping mall and home to over 300 shops, many of which are flagship stores. In 2009, the Mobile Outfitters brand opened their first location, and now you can find their […]

Business & Economy

African market factors outlook April 19 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *Ethiopia’s new Prime Minister Abiy Ahmed expected to name his new cabinet. GLOBAL MARKETS Resource stocks were on a roll in Asia on Thursday as oil prices hit […]

Business & Economy

British Council, YNaija to launch West Africa Arts Exchange

British Council in partnership with YNaija.com has launched the West Africa Arts Exchange (WAArtsExchange), a community of the talented artists from West Africa and arts lovers across the world. It will serve as a one-stop online destination for art enthusiasts interested in learning about the African contemporary art space as expressed by creatives aged 18-35. The West Africa Arts Exchange will showcase artistes working […]

Business & Economy

Africa Oil buys 25.2% equity interest in Impact Oil and Gas

Canadian oil and gas company Africa Oil Corp has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa. In connection with the Investment, the Company issued 13,946,545 common shares in the capital of the Company to Helios Natural Resources 2 Limited […]

Business & Economy

Argus opens new Africa office in Cape Town, SA

International commodity price reporting agency Argus continues to expand its global operations, opening a new office in Cape Town, South Africa, this month. The African energy sector is experiencing dramatic change. International asset holders are no longer the sole producers of oil and gas as more local participants add to diversity of supply. And downstream […]

Business & Economy

Consumer Confidence surges ahead for West Africa

The latest West Africa Consumer Confidence Index (CCI) figures released by Nielsen for Quarter 4, 2017 show a marked increase and continued positive performance for both Nigeria and Ghana. The latter climbed eight points to 120, while Nigeria’s score rose five points to 122, delivering continued optimism in these two West African countries. Nielsen West […]

Business & Economy

ITC Global to commence communication services in 24 sites across Western and Central Africa

ITC Global, a provider of satellite communications to remote and harsh environments has been awarded a three-year contract renewal by Plan International for service to 24 sites across western and central Africa. The agreement, which establishes continuous delivery of remote communications services and includes an electronics upgrade for all sites, supports the delivery of Plan […]

Business & Economy

Nokia, Orange roll out 4G LTE in seven African countries

Nokia and Orange Middle East & Africa are rolling out a Nokia single radio access network and network management technology across seven African countries in a three-year modernization project to prepare for the launch of 4G services. To facilitate the deployment Nokia has set up a dedicated West and Central Africa Support Center for Orange. […]

Business & Economy

Africa: Muslim child brides fight for daughters’ rights

Forced at 14 to marry a man 13 years her senior, Sadatou Issa was forbidden to attend school and whiled away her time looking after her children and knitting clothes to sell from her home in Boda, a town in western Central African Republic. But when her husband died suddenly of a heart attack ten […]

Lifestyle

PWC: African capital markets indicate recovery in 2017 transactions

Overall, African equity capital market transaction volume and value improved in 2017 over 2016. In terms of value, 2017 saw the largest initial public offerings (IPOs) over the trailing five-year period, and an increase in the total value of equity capital market (ECM) transactions of 49% between 2016 and 2017 in US dollar terms. PwC […]

Business & Economy

Transforming basic African crops to high value products can earn continent fortunes – UNCTAD

Basic crops grown in Africa can be made into higher-value products, whether it’s by bagging tea or turning potatoes into frozen French fries, creating jobs and fueling growth in the continent, according to a recent UNCTAD assessment of the continent’s food trade. The potential of basic crops to form such agricultural “value chains” remains untapped […]

Agriculture

Study: Grid electricity and off-grid solutions not meeting Africans energy demands

A new study released by the Center for Global Development found that either grid electricity or off-grid solutions alone are currently inadequate to meet many African consumers’ modern energy demands. The survey of consumers in twelve African countries found that on-grid customers still rely heavily on off-grid solutions like generators for their daily lives, and […]

Business Products & Services

COMESA renews mining partnership with Western Australia

COMESA Secretariat and the Government of Western Australia have renewed the Memorandum of Understanding (MoU) on mining for a six years period. The two parties signed the MoU at a ceremony in South Africa on the side-lines of the Mining Indaba Conference earlier this month in Cape Town. Honourable Bill Joseph Johnston, Minister of Mines […]

Business & Economy

Nigerian stabbed, almost set ablaze in South Africa

The Nigerian Community in South Africa said a member, identified as Desmond, was stabbed and almost set ablaze during a xenophobic attack in Rustenberg, North-West Province area. Mr Adetola Olubajo, the President of Nigerian Union, South Africa, disclosed this to the News Agency of Nigeria (NAN) on Friday. He said, “Desmond is a Nigerian hair […]

Travel

Pipedrive says South Africans are the best salespeople in the world

Global sales CRM platform, Pipedrive, has published its annual ‘Global Sales Review 2017’ report analyzing tens of thousands of sales teams worldwide. The anonymized metadata provides a snapshot of sales performances across 34 different countries, and spans a range of sectors. Insights from Pipedrive’s user base of 70,000 companies help the platform to design valuable […]

Business & Economy

Start Ugwu (ugu) leaves business and make money

Fluted pumpkin also known as Ugu is well grown in West Africa as a leaf vegetable and also for its edible seed. It belongs to a member of the Curcurbitaceae family and is indigenous to southern Nigeria. The seed produced by the gourd which are high in protein and fat, and can therefore contribute to […]

Agriculture

African markets factors, outlook Feb. 14

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – EVENTS: GHANA – The statistics office releases inflation data for January. The rate was stable at 11.8 percent in December. GLOBAL MARKETS Asian share markets turned mixed on Wednesday […]

Business & Economy

Robbery suspect relates why it’s easier doing business in Ghana than in Nigeria

A trans-border robbery suspect has told the‎ Lagos State Police that it was easier for him to operate in Ghana than in Nigeria because citizens of the latter are more security conscious. Dennis Wasami, 32,‎ was arrested by men of the Rapid Response Squad in his hideout at Agbonle Orile on Saturday, the police said […]

Crime Watch

Africar Group now leading online auto classified firm in Sub-Sahara

Africar Group, the very first car classifieds to emerge for Sub-Saharan Africa, has now grown to become the leading car classifieds marketplace in the region, with a vast coverage of 30 countries and reaching out to more than 600 million people. Africar Group is where customers in Africa can easily buy and sell cars, motorbikes […]

Automotive

TriLinc Global Impact Fund approves $27.9 million in term loan in Sub-Saharan Africa

TriLinc Global Impact Fund says it recently approved $27.9 million in term loan and trade finance transactions with companies operating in Sub-Saharan Africa, Latin America, Southeast Asia, and Emerging Europe. TriLinc is an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises (“SMEs”) in developing economies where access […]

Business & Economy

UK contemplates approving use of naira in transacting business

Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with […]

Business & Economy

Ireland signs agreement with Ghana to boost West African trade

Ireland has signed a double taxation agreement with Ghana, an important step to increase trade with West Africa. The Agreement, the first that Ireland has concluded with a West African country, was signed by Ireland’s Ambassador to the Republic of Ghana, Mr. Seán Hoy and Minister of Finance and Economic Planning, Ghana, Mr. Ken Ofori-Atta, […]

Business & Economy

African market factors, outlook for Feb. 7, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – EVENTS: *Zimbabwe’s central bank governor John Mangudya to present monetary policy *Rwanda’s finance minister presents revised budget in parliament GLOBAL MARKETS Asian share markets were trying to find their […]

Business & Economy

Danger if Africa doesn’t fix policy issues – Songwe

The Economic Commission for Africa’s Executive Secretary, Vera Songwe has warned about a demographic trap for African countries if appropriate policy measures are not put in place to help manage demographic bulge. Ms. Songwe made the statement during a special, historic event hosted by the ECA, in which Christine Lagarde, Managing Director of the International […]

Features & Reports

Access Bank targets more biz opps in West Africa

Nigeria’s Access Bank plans to grow its trade payment and settlement service over the next five years as foreign lenders faced with increased regulation at home cut their correspondent banking exposure to West Africa. So-called correspondent banking operations boomed over the last decade as commodity prices spiked and offshore lenders looking to tap into trade […]

Business Products & Services

Connect Nigeria SME-eBusiness Fair 2018: Register Now!

On the 3rd of February 2018, Connect Nigeria will again be hosting its SME-eBusiness fair. This annual event, which is the largest gathering of micro, small and medium scale enterprises on the African continent, will take place at Eko Hotel, Victoria Island, Lagos. The SME-eBusiness fair presents entrepreneurs with a unique opportunity to learn the skills […]

Business & Economy

Africa: Crazy idea leads to ability durum

  A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for one million farming families, and therefore winning the 2017 Olam Prize for Innovation in Food Security. The genome fingerprinting research project led by Dr Filippo Bassi of […]

Business & Economy

Tunisia wants to strengthen business ties with ECOWAS region

Tunisia plans to increase its trade with other African countries in general, and with the Economic Community of West African States (ECOWAS) in particular. “The first phase of the trade will be with ECOWAS, which will be the largest gathering of countries on the African continent,” said Tunisian Minister of Commerce, Omar Behi. A memorandum […]

Business & Economy
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