News : Business

Visa partners Ivorian government to bring e-payment solutions

The Ivorian government has signed a Memorandum of Understanding (MOU) with Visa with an aim to digitize government services and ensure financial services are accessible to more Ivorians. Adama Koné, the Minister of Finance and Economy and Andrew Torre, Visa’s Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA) signed the MOU, [&hellip (

Africa:Mali Joins Call for Increased Efforts to End the Plight of Child Undernutrition

[African Union] The economy of Mali is losing 265 billion CFA francs (US$450 million) - more than 4 percent of annual GDP - to the effects of child undernutrition, a multi-agency study has found. The Cost of Hunger in Mali (COHA), blames the losses on increased healthcare costs, additional burdens on the education system and, further down the line, reduced workforce productivity. (

South Africa:Land Issue, the ANC's Brexit Moment

[Daily Maverick] What does it mean when a democracy with a free market and open economy, globally traded currency and import-orientated consumer base, decides to debate the suspension of property rights as if it is a legitimate option? Well, it means we are again at a crossroads as a country. (

Africa:Sustaining Momentum in Uncertain Times - Policy Priorities for the Global Economy

[IMF] Czech National Bank, Prague, June 28, 2018 (

Africa:Foreign Doctorates Are Attractive - but Don't Write Off Homegrown Phds

[The Conversation Africa] Introducing more skilled employees into the economy is an important path to development for many middle income countries. That's why increased and improved training at the top end of the education level - PhDs - is considered so vital. (

South Africa:Zuma Only Person Who Can Unite Blacks, Indians in Province - Religious Leaders

[News24Wire] A group of religious leaders have roped in former president Jacob Zuma to lead a prayer campaign "against crime as an enemy of the economy" and to help improve race relations between black and Indian people in the province. (

Technology offers retailers respite in shrinking economy

As business confidence in South Africa plummeted six points in June on the back of disappointing gross domestic product figures for the first quarter, South African retailers battle to achieve profitability, compounded by a PwC survey that names South Africa as the country with the highest rate of economic crime in the world. However, according [&hellip (

We Are Happy With the Management of Economy - Alexandre Maymat, Societe Generale Group

[Ghanaian Times] Director of International Banking of Africa, Mediterranean Basin and Overseas (AFMO) of the Societe Generale Group, Alexandre Maymat who made the observation noted that indicators such as inflation and interest rates that had gone down in recent times gave impetus for investment especially into the country's financial sector. (

South Africa:World Wi-Fi Day - SA Digital Divide a Concern

[CAJ News] Johannesburg -THE inaugural World Wi-Fi Day has been commemorated amid concerns over the digital divide in South Africa, the continent's most advanced economy whose democracy is also seen as a model for Africa. (

South Africa:Minister Welcomes Proposed Sea-Based Aquaculture Development Zone in Saldanha Bay

[Govt of SA] The Minister of Agriculture, Forestry and Fisheries, Mr Senzeni Zokwana, welcomes the green light received on the proposed sea-based Aquaculture Development Zone (ADZ) in Saldanha Bay, Western Cape. This enhances sustainable aquaculture expansion in Saldanha Bay. It will further contribute towards the realisation of the aquaculture aspirations of Operation Phakisa: Oceans Economy in terms of job creation, increased primary production, increased GDP contribution and inclusive growth of the sector. (

South Africa:Corruption Fuels Cash-in-Transit Heists

[Daily Maverick] Cash-in-transit robbery is one of the fastest growing forms of aggravated robbery in South Africa. It poses a significant threat to public safety and South Africa's economy. (

Can EPRDF Privatize Ethiopia Out of the Current Economic Conundrum?

[Addis Standard] It takes a simple scanning of daily headlines to learn that Ethiopia is changing. The country of 100 million people, third largest in Africa, hosting African Union, UNECA, the third largest diplomatic core in the world and regional offices of various organizations, is witnessing a sea of changes in sectors as varied as economy and security. (

How automation can help corporate finance in West Africa (

Africa:African Nations Pledge to Use Trade to Reduce Poverty

[allAfrica] Geneva -Gambia's Vice President and Minister for Women's Affairs, Fatoumata Jallow-Tambajang, says trade has been a strategic tool for reducing poverty and has delivered incredible gains for the world economy, but it needs to be more fully optimized. (

Africa:'Blue Is The New Green' - Debut Africa Blue Economy Forum Hits The Mark

[Blue Jay Communication] Launch event attracts international experts to debate ways to harness Africa's oceans (

South Africa Confronts Confounding Question: Who Gets the Land?

Twenty-four years after the end of white minority rule, South Africa’s new leader is promising to tackle a problem that has confounded former colonies from Bolivia to Zimbabwe: how to redistribute land without hurting the economy. (

Mauritius:Mauritius and South Africa Sign MoU On Fisheries

[Government of Mauritius] The Ministry of Ocean Economy, Marine Resources, Fisheries and Shipping and the Department of Agriculture, Forestry and Fisheries of the Republic of South Africa signed yesterday a Memorandum of Understanding (MoU) in the field of Fisheries. Signatories were the Minister of Ocean Economy, Marine Resources, Fisheries and Shipping, Mr Premdut Koonjoo, and the High-Commissioner of South Africa to Mauritius, Her Royal Highness Princess Zenani Dlamini. (

Libya:Govt to Impose Fees On Foreign Currency Transactions

[This is Africa] The central bank of Libya is imposing fees on foreign currency transactions to tackle the wide gap between the official exchange rate of 1.4 dinars to the US dollar and the parallel rate of around 7 dinars, which is seen as a major factor in the distortion of Libya's oil-dependent economy (

Mauritius:Mauritius to Sign MOU With South Africa in Fisheries Sector

[Government of Mauritius] The Ministry of Ocean Economy, Marine Resources, Fisheries and Shipping will sign a Memorandum of Understanding (MoU) with the Department of Agriculture, Forestry and Fisheries of the Republic of South Africa, in the field of fisheries. (

Africa:African Cities Must Address Social and Economic Issues When Upgrading Slums

[The Conversation Africa] In sub-Saharan Africa, over 55% of the urban population are estimated to live in areas categorised as slums and informal settlements. These slums and informal settlements are largely the physical manifestations of urban inequality, socially and economically. They embody the exclusion of poor urban households from cities' formal economy and its environmental amenities like green spaces. (

What will drive Africa's digital economy (

South Africa:How South Africa's Services Sector Can Help Tackle Poverty and Inequality

[The Conversation Africa] About two thirds of South Africa's GDP now consists of contributions from the services sector, which ranges from banks and insurance companies to tourism, hospitality and personal services. This means that policymakers, industry leaders, lobbyists and small business owners should all be concerned about the sector's potential to fix the biggest challenges facing the South African economy - poverty and inequality. (

Africa:How Media and Film Can Help China Grow Its Soft Power in Africa

[The Conversation Africa] Some observers of China's global rise conclude that its influence is limited to military and economic capabilities. For example, it's set to overtake the US as the world's largest economy before 2030. There is one area in which China lags behind. That's the use of "soft power". It's a phrase coined by the American political scientist Joseph Nye to describe the intangible resources that help a nation achieve its interests by influencing the preferences of others. (

Nigeria:World Less Peaceful Than a Decade Ago - Report

[Premium Times] The world is less peaceful than a decade ago, mostly due to conflict in Middle East and Africa that is costing the global economy trillions of dollars, an international index showed on Wednesday. (

South Africa:'Be Choosy in What You Study,' Zuma Tells School Pupils

[News24Wire] Former president Jacob Zuma has encouraged black school pupils to follow fields of studies that will empower them to participate "fully" in the economy of the country. (

Ethiopia offers Eritrea chance to end Africa's longest war

Prime Minister Abiy Ahmed also announces the liberalisation of parts of the economy. (

East Africa:Ethiopia Accepts Peace Accord With Eritrea

[Deutsche Welle] After decades of conflict and land claims, Ethiopia said it fully accepts the terms of a peace agreement with coastal Eritrea. It has also partially opened its economy to foreign investors. (

South Africa:South African Law Is Failing to Protect Its Wildlife

[Daily Maverick] Given the importance of wildlife in South Africa's tourism industry and its international reputation, it may come as a surprise that the legal protection of wild animals in South Africa is in a state of neglect. There are so many loopholes, disputes over mandates, outdated laws and non-compliances that the welfare of creatures we claim to protect, and which stand at the centre of the 'wildlife economy', is being ignored. (

South Africa:Soweto's Tech Fest to Unlock Township Economy

[CAJ News] Johannesburg -THE second Ekasi Technology Festival and Gaming Expo will be held in Soweto in October, organisers confirmed. (

Africa:Innovative e-Commerce Approaches Can Help Small Businesses

[The Conversation Africa] Africa's growing digital economy is fast changing how business is done on the continent. Trading of goods and services online, for example, is estimated to be worth USD$24 billion. It's growing at around 25% a year. (

Africa:Using Mobile Platforms to Gauge Africa's Consumer Economy

[East African] Last month, Kenyan consumer research firm mSurvey raised $3.5 million in equity to fund its African expansion programme. The Chief Operating Officer Claire Munene spoke to Allan Olingo about the firm's work. (