Harare, Zimbabwe Zimbabwe’s new government has unveiled a US$5bn budget for 2018 that it says will revive the country’s moribund economy as long as the country can rein in corruption, hold a credible election and implement investor-friendly laws. Presenting the budget, Minister of Finance, Patrick Chinamasa, said reviving Zimbabwe’s economy…
The rising need for convenience-focused businesses
A Zenzele Fitness Group gym As life continues to move at a pace that seems to get faster with each passing year, consumers are increasingly demanding higher levels of convenience to save as much time as possible. Naturally, this rising demand has resulted in a trend towards convenience-focused retail businesses,…
DHL announces title partnership of Africa’s largest e-commerce and fintech event
Delivered by DHL DHL Express sub-Saharan Africa has announced that the company has signed on as title sponsor for the 2018 DHL eCommerce MoneyAfrica Conference & Exhibition (Confex), which will be hosted at the new East Wing of the Cape Town International Convention Centre on the 14th and 15th of March…
The top 10 mistakes exporters to Africa make (Part 1)
Ben Longman, managing director of African market intelligence firm Trendtype, looks at the main risks exporters need to be aware of. Mistake #1: One size fits all “We did well in country X, so we should do well in country Y.” For a busy export director tasked with driving growth…
Listen: Nairobi-based entrepreneur on starting a business with your own money
Audrey Cheng, founder and CEO of Nairobi-based Moringa School This week’s Finding Impact Podcast (FIP) features Audrey Cheng, founder and CEO of Moringa School, a training institution for software developers, based in Nairobi, Kenya. FIP is a weekly series where Andy Narracott (@AndyNarracott) has conversations with people moving the needle…
Top five business risks for West Africa
Lagos, Nigeria As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region, says specialist global risk consultancy…
Top five trends that will drive Africa’s private equity market in 2018
Prof. Mthuli Ncube While the rest of the world battles a series of economic and political difficulties, Africa is looking forward to a year of growth and increased private equity investment. For a general view on the likely global trends in the private equity market in 2018, we need look…
Why growth in electric vehicles could mean good times for mining in the DRC
Demand for lithium-ion batteries is booming. They’re found in laptops, mobile phones, tablets and more recently in electric cars. According to a new UBS study, by 2025 almost one in every six vehicles sold will be electric. General Motors alone, plans to release at least 20 fully-electric models by 2023. Growth…
How Africa can maximise the gains from its natural resources
Published by Staff Writer on 18 December 2017 The below is an abstract of Quantum Global Research Lab’s report, Maximizing the Gains from Natural Resources for Sustainable Development in Africa. Africa is rich in natural resources. The region boasts of over 10% of world reserves of oil, about 40% of gold, 90%…
Tanzanian businesswoman bullish about branded food
Jennifer Bash “For intra-trade to develop within the African region, we have to focus on value addition,” says Jennifer Bash, the co-founder and CEO of Alaska Tanzania Industries Limited, a company involved in the sourcing, processing, packaging, distribution and marketing of food products in Tanzania. “When we started, most of…