News : Business

King Mswati III - Lifestyles of the Rich and Royal

[This is Africa] The dire state of the Kingdom of eSwatini's economy has not slowed down its king's spending and lavish lifestyle. King Mswati's latest purchase is a further extravagance imposed on the country's ailing economy. (

South Africa:How the SKA Telescope Is Boosting South Africa's Knowledge Economy

[The Conversation Africa] We're living in a time when data and knowledge have become key resources for economic development. (

Chamisa Said He Helped President Kagame With ICT Policy, Not Whole Economy

[New Zimbabwe] THE headline of an article we published on Monday misleadingly indicated that MDC Alliance leader Nelson Chamisa helped Rwanda president Paul Kagame turn his country into Africa's economic success story. (

Africa:Huawei Projects Digital Economy to Reach U.S.$23 Trillion By 2025

[CAJ News] Johannesburg -ARTIFICIAL intelligence (AI) could almost double the value of the digital economy to US$23 trillion by 2025 but a scarcity in talent worldwide might hamper this growth. (

Cloud skills impending cloud adoption in Africa

The race to the cloud continues as South Africa is slowly transforming into a digital economy. Andrew Cruise, CEO, Routed, a cloud infrastructure provider, says that South Africa’s cloud maturity levels are still lower than other countries, but the market looks promising: “From a data centre perspective, we have seen the market double in the [&hellip (

Zimbabwe:Africa Must Purge Corruption - SB Moyo

[The Herald] Africa can only build a robust and sustainable economy that can change the lives of its people if member-states put great effort to purge the scourge of corruption, a Cabinet minister has said. The African Union (AU) has marked 2018 as the African anti-corruption year, on the theme "Winning the Fight against Corruption: A Sustainable Path to Africa's Transformation." (

ICT Investment Key to Fuelling Africa's Digital Growth

[New Era] Rapid advancements in Information Communication Technologies (ICT) over the past 20 years has substantially altered the ways in which people live, work, play and interact with one another. The World Bank's World Development Report shows that ICT has a positive effect on a country's economy, with a 10 per cent increase in broadband penetration being associated with a 1.4 per cent increase in Gross Domestic Product (GDP) growth in emerging markets. (

Africa:Green economy under the spotlight in high level policy event during CoM 2018

[Economic Commission for Africa] Addis Ababa, Ethiopia, May 10, 2018 (ECA) -- A high-level policy event on the inclusive green economy and structural transformation in Africa will be held Sunday at the United Nations Conference Centre in Addis Ababa starting at 2pm. (

Africa:Green economy under the spotlight in high level policy event during CoM 2018

[Economic Commission for Africa] Addis Ababa, Ethiopia, May 10, 2018 (ECA) -- A high-level policy event on the inclusive green economy and structural transformation in Africa will be held Sunday at the United Nations Conference Centre in Addis Ababa starting at 2pm. (

Protecting Privacy and Personal Data in Africa (

Algeria:World Bank Updates Assessment of Algerian Economy

[Algerie Presse Service] WASHINGTON - The World Bank made public Wednesday a new updated version of its report on the economic prospects in the Middle East and North Africa (MENA region) in which it updated its assessment of the economic situation in Algeria. (

Africa’s mobile-readiness remains a stumbling block (

Africa:Ethiopia Has the Potential to be the China of Africa

[Ethiopian Herald] The Growth and Transformation Plans Ethiopia designed to push its economy into lower middle income status by 2025 bear in them a transition from an agrarian economy to an industrial one. In line with that goal, the country has been striving to draw in foreign investment to boost the manufacturing and industrial sectors. (

South Africa:How Mine Dumps in South Africa Affect the Health of Communities Living Nearby

[The Conversation Africa] Mining is a major economic activity in many developing countries. In South Africa, mining of gold, coal and other natural resources has played a significant role in the country's economy, with both positive and negative consequences. (

Top 10 fastest growing economies in Africa 2018 (

Nigeria:Bill Gates, Peter Obi in Sync

[Vanguard] WHEN one of the world's richest men visited Nigeria recently, his firm advice to Nigeria's Federal Government was straight - your Economic Recovery and Growth Plan, ERGP is faulty! Bill Gates was speaking on his last visit to Africa's biggest economy intended primarily at seeing the first-hand progress the country is making on primary healthcare provision, polio eradication, nutrition and financial inclusion. (

Africa:Dreaming of a New Sustainable Economy

[IPS] United Nations -Officials from around the world came together to create and support a vision for a new, sustainable economy: a bioeconomy. (

Africa:Can a Nature-Based Economy Help Us Drive Green Growth?

[Thomson Reuters Foundation] Bioeconomy is a hot topic for scientists and policymakers. Rapid advances in molecular biology combined with big data and artificial intelligence have resulted in big jumps in our understanding of living organisms, including the biomass produced by plants and animals, at the level of their DNA. (

South Africa:Saldanha Economy Saved As Misverstand Dam Levels Rise

[News24Wire] When 15-year-old Geraldine Marcus walked into the Lucky Star factory in the 1970s for her first day of work as a sardine packer in the cannery, she had no way of knowing that it would be where she would work for the next 37 years. (

Kenya:Safaricom Boosts Kenya's Development Agenda

[CAJ News] Nairobi -SAFARICOM has pledged support to the Kenyan government's Big Four agenda, aimed at accelerating development in East Africa's biggest economy. (

Africa:Development Prospects for Hundreds of Millions Remain in Jeopardy

[IPS] United Nations -The global economy is strengthening. A broad-based economic upturn has underpinned progress in many areas. (

MainOne’s West Africa expansion gets boost with Cote d’Ivoire license (

South Africa:Limusa Supports the Satawu Strike

[COSATU] We are impressed by the revolutionary spirit displayed by workers and support their demands against the stubborn employers in the industry. These mode of transport is used by our members, communities and school children as they keep this economy alive and employers must know that the strike affects everyone in society in particular poor people who live far from cities and factories. (

Africa:Competing in Africa: China, the European Union, and the United States

[Brookings] Given recent developments in the global economy, especially Brexit and the Trump administration's "America First" policy, it is worth assessing how Africa's three largest commercial partners--China, the European Union, and the United States--are likely to impact the region in the near future as it relates to trade and investment trends. (

Africa:Ministers of Finance, Economy and Integration Call for More Efficient and Transparent African Institutions and Tax Systems to Fight Against Corruption and Illicit Financial Flows in Africa

[African Union] The Ministerial segment of the 2nd AU Specialized Technical Committee (STC) on Finance, Monetary Affairs, Economic Planning and Integration opened in Addis-Ababa on Monday 16 April 2018. The meeting was preceded by Expert Meetings from 12-14 April, 2018. (

Nigeria:Nigeria Stock Exchange Outshines Kenya, JSE Bourses

[CAJ News] Lagos -THE Nigerian Stock Exchange has outshone bourses in Kenya and South Africa for the year 2017, underlining the West African country's status as the continent's biggest economy. (

WB - Egypt's Real GDP to Grow By 5% in FY18

[Egypt Online] The World Bank (WB) on Monday 16/4/2018 raised its forecast for the growth rate of the Egyptian economy to grow 5 percent in the 2017/2018 fiscal year from 4.9 percent in its latest report on the Middle East and North Africa. (

E-commerce paves the way for entrepreneurs in Ghana (

South Africa:President Cyril Ramaphosa - the Launch of New Investment Drive

[Govt of SA] In the State of the Nation Address in February, I announced that a central priority for government this year is to encourage significant new investment in our economy. (

Siemens, Anglo American Platinum collaborate on skills development in Africa (

Africa:Experts and government ministers to debate the significance of Africa's oceans

[Blue Jay Communication Ltd] The first Africa Blue Economy Forum (ABEF) is to be held in London on 7-8 June 2018, to coincide with World Oceans Day. More than 150 delegates and speakers are expected to attend, including government ministers, business leaders, ocean experts and environmental and maritime organisations, to discuss the economic contribution of the African oceans. (