News : Business

Zimbabwe:Mnangagwa Has the Capacity to Revive Economy, but Will He?

[The Conversation Africa] Emmerson "Crocodile" Mnangagwa, Zimbabwe's crafty new interim President, is known as a ruthless, deeply unprincipled and a political infighter. He has lost several recent parliamentary elections but retained his party positions over four decades largely because he was ex-President Robert Mugabe's chief enforcer and tribute collector. (

Kenyan President Is Sworn In as Clashes Break Out

Uhuru Kenyatta was inaugurated to a second term as president of East Africa’s most important economy, while street battles raged between opposition supporters and police. (

Broadening financial inclusion through informal sector innovation

In developing markets around the world, it is the informal economies that serve as the quietly humming engines of growth. By way of example, the informal economy accounts for over 70% of total employment in sub-Saharan Africa – an economy that includes street vendors, traders in open-air markets, subsistence farmers and fishermen, personal drivers, roadside [&hellip (

South Africa Overtakes U.S. in Exports to Kenya

[East African] South Africa exports to Kenya grew by Ksh11 billion ($106.4 million) in the first eight months of the year that saw Africa's most industrialised economy overtake the United States in sales to Kenya. (

What's Up Africa: The perfect gift for Grace Mugabe?

Satirist Ikenna Azuike on gifts from Robert Mugabe, Nigeria's economy and Egyptian singer Shaaima Ahmed. (

Africa:Continent Has a Chance to Benefit More From the Internet Economy

[CIO] Many African countries have made significant progress towards creating a vibrant Internet sector, with broad reforms that focus on increasing broadband availability. (

Leveraging Innovative Solutions For Bridging The Digital Divide

Mobile telephony is changing Africa, for the better. Once called the Dark Continent, the mobile phone revolution has lightened up the possibilities of economic prosperity in Africa. According to GSMA Mobile Economy Africa Report 2016, in 2015 mobile technologies and services generated 6.7% of GDP, or $150 billion, in Africa and this is further likely [&hellip (

'South Africa Would Suffer the Effects of Zimbabwe's Implosion' - Tendai Biti

[News24Wire] Former Zimbabwean finance minister Tendai Biti has on Thursday warned South Africans not to distance themselves from the events in the neighbouring country as Zimbabweans were "right in your face" and were part of South Africa's economy. (

Republic of Congo’s financial economy gets digitised

LCB Bank, a subsidiary of BMCE Bank Of Africa Morocco Group, and Mastercard announced their partnership focused on digitising the Republic of Congo’s financial economy in support of the countries desire to financially empower its citizens. The partnership agreement will strengthen the payment landscape through the introduction of relevant solutions, thus encouraging the introduction of [&hellip (

Mugabe's Reign Ushered in Zimbabwe's Economic Decline

The dramatic demise of Zimbabwe’s economy over the past quarter-century tells a story of political failure in one of Africa’s most resource-rich nations and spotlights the arduous task Robert Mugabe’s successor will face in reviving it. (

Africa:Aid Messes Up Africa's Economy - Ghana President

[Thomson Reuters Foundation] London -"We do not want to remain the beggars of the world" (

South Africa:Cosatu Free State Congratulates the Num for Hosting a Successful Regional Conference

[COSATU] The conference was confronted with a number of challenges which it had to deal with, including the declining mining sector, the stagnant construction sector due to the declining economy , capital flight and the ongoing investment strike by big business. (

Ghana:Can Ghana Attain Blockchain Economy Status?

[Business Day] How fast is Ghana adopting modern technology concepts and practices? How well are Ghanaian companies and citizens able to shift their lives and operations from manual, paper-based processes and practices into the realm of computing and digital platforms? Several months ago, Nii Quaynor, chairman of Ghana Dot Com (GDC) and a Ghanaian technology legend who is often described as the "father of the internet in Africa" said, "digital currency and transaction frameworks for the internet are the next step" for th (

South Africa:Mobile Payments Enable Spaza Shops Grow Economy

[CAJ News] Johannesburg -SOUTH African informal traders and convenience stores are set to increase their contribution to the economy after Microsoft partnered with the Durban-based Spazapp tech company, to bring them secure, seamless and convenient mobile payments. By combining their expertise and reach, the companies intend to unlock economic growth by helping informal micro-businesses connect to formal markets and digital payment systems. Through the partnership, Mastercard has integrated its digital global payment service, Mast (

Angola:Agriculture Binds Angola and Madagascar Together

[ANGOP] Luanda -Angola is available to gather the experience of Madagascar, an island country on the southeastern coast of Africa, whose economy is mainly based on the sectors of agriculture and livestock. (

South Africa:Minister Edna Molewa - Launch of Africa Alliance On Circular Economy On the Side-Lines of Cop23

[Govt of SA] Speech by Minister of Environmental Affairs at the launch of the Africa Alliance on Circular Economy on the side-lines of COP23 in Bonn, Germany (

South Africa:SA Eyes Manufacturing Investment From BRICS Countries

[] President Jacob Zuma says manufacturing forms the backbone of South Africa's economy and is an integral element in addressing some of the challenges facing the country. (

Africa:Can New Leaders Fix Zimbabwe's Potemkin Economy?

[ISS] When President Robert Mugabe and his Zimbabwe African National Union - Patriotic Front (ZANU-PF) party swept to victory in 2013, the resigned riposte of the opposition Movement for Democratic Change - Tsvangirai (MDC-T) party was: 'Let's see you govern!' (

Botswana, SA Enjoy Close Ties

[Botswana Daily News] Gaborone -Botswana and South Africa continue to enjoy close bilateral cooperation in almost all sectors of the economy. (

Africa:Protesters Disrupt U.S. Pro-Coal Event At UN Climate Talks

[Thomson Reuters Foundation] Bonn, Germany -Protesters disrupted a pro-coal presentation by U.S. President Donald Trump's administration at climate change talks in Germany on Monday where almost 200 nations are trying to shift the world economy off fossil fuels. (

South Africa:Zuma's Allies Are Once Again Gung-Ho About Nuclear. Will They Get Their Way?

[The Conversation Africa] University of the Western Cape -South Africa's nuclear build programme seems to be back on the agenda after earlier indications that it was dead. Recent comments by President Jacob Zuma and his new minister of energy David Mahlobo, signal a final push to bag the nuclear deal while Zuma is still in power. In December Zuma's term as president of the African National Congress will come to an end when the ruling party elects a new leadership. His term as president of the country ends in 2019. The Conversation Africa's Business and Economy Ed (

South Africa’s digital economy stands out among emerging market (

Lagos Targets Third Largest Economy By 2020, Africa's Mega City in 2025

[Guardian] With a target to become Africa's third largest economy by 2020 and Africa's model mega city in 2025, the Lagos State government has reiterated its commitment to sustain the existing partnership with the private sector. (

Rumblings of a Quiet Tax Revolt as Inquiry Launched

[Daily Maverick] R50-billion. That's how much the government is currently missing in taxes. Announcing the establishment of an urgent inquiry into the cause of the hole in SARS' revenue on Tuesday, Finance Minister Malusi Gigaba suggested that one of the drivers may be "weakening tax morality". Many would say that the problems lie more within SARS and the economy than the tax base, but there have been rumblings for some years about a possible tax revolt by South Africa's increasingly disenchanted taxpayers. Does the shortf (

Nigeria:All Change!!! Nigeria Is Not an Oil Economy

[Guardian] Descriptions of Nigeria's economy often include such phrases as 'Africa's largest oil producer' and 'the oil rich African nation' but oil economies are typically characterised by low population densities and abundant oil resources. Saudi Arabia with 10 million barrels of oil per day and 30 million people, Kuwait with 2.7 million barrels of oil per day and four million people and Qatar with 1.5 million barrels of oil per day and 2.5 million people are typical of such. (

Will South Africa get an open access wireless network? (

South Africa:Transnet Research Centre Expands Knowledge Economy

[] Rail parastatal Transnet says its research centre will contribute to job creation and the expansion of the country's knowledge economy. (

Nigeria:Nigeria Is Not an Oil Economy

[Leadership] Descriptions of Nigeria's economy often include such phrases as 'Africa's largest oil producer' and 'the oil rich African nation' but oil economies are typically characterised by low population densities and abundant oil resources. Saudi Arabia with 10 million barrels of oil per day and 30 million people, Kuwait with 2.7 million barrels of oil per day and 4 million people and Qatar with 1.5 million barrels of oil per day and 2.5 million people are typical of such. These economies pursued an economic model (

A Miracle Economy in Africa - Ethiopia's Success Story

[Focac] Students of the Institute for South-South Cooperation and Development come from 23 developing countries in Africa, Latin America, Asia and Europe. ZOU HONG/CHINA DAILY (

Africa:Economy, Policy Uncertainty Threaten Ports Projects

[Guardian] A number of ports development projects across Africa may be pointing to a positive outlook for capacity expansion in the region, but the myriads of uncertainties in economic growth become a limiting factor. (

West Africa:Abuja Statement – "Deepening Africa's Integration In The Global Economy Through Trade And Investment Facilitation For Development"

[Ecowas] 1. The Federal Government of Nigeria and the Commission of the Economic Community for West African States (ECOWAS), in partnership with the WTO Friends of Investment Facilitation for Development (FIFD), co-hosted a "High-Level Trade and Investment Facilitation Forum for Development, in Abuja, Nigeria, from the 2nd to the 3rd November 2017.The event was opened by H.E. Professor Yemi OSINBAJO, SAN, GCON, Vice President of the Federal Republic of Nigeria and the Chairman of the Nigerian Economic Managem (