2024 budget exposes ‘Nigeria is a rich country’ myth
While Nigeria boasts of Africa’s biggest economy, its proposed 2024 budget pales in comparison to several of its peers on the continent. President Bola Tinubu will on Wednesday (today) present the 2024 budget of N27.5 trillion ($33 billion) to the National Assembly. This move comes as part of a strategic response to changes in the
Africa Is Ready To Serve The Tech World – Modern Ghana
African countries such as Ghana, Kenya, South Africa, Nigeria, and … In short, by offshoring to Africa, global businesses can harness a large …
New data reveals higher electricity access in Africa
This article was contributed to TechCabal by Seth Onyango via bird story agency. Emerging data is shedding new light on the electricity landscape in Africa, indicating the oft-cited statistics of those without power might be considerably lower than recent figures indicated. Fresh analysis suggests that more and more homes and businesses are being powered by
HOSTAFRICA expands African presence with Sasahost acquisition in Kenya
HOSTAFRICA bolsters its presence in the Kenyan market. HOSTAFRICA, a top-rated hosting provider, has announced its acquisition of the Kenyan hosting provider Sasahost, effective 1 December 2023. This acquisition marks HOSTAFRICA’s eighth strategic acquisition since its inception, significantly bolstering its presence in the Kenyan market following its previous EAC acquisition. This move is a part
South African billionaire’s son takes full control of Nigeria’s biggest beverage canmaker
Oppenheimer Partners first bought into the business in 2018, when GZI built a factory in South Africa, where it now has a market share of about 20%.
South Africa Adopts Anti-Money Laundering Measures To Exit Global Watchdog’s Grey List
Latest reports have indicated that South Africa has put more anti-money laundering measures in place to exit the Financial Action Task Force (FATF) grey list. FATF, the global watchdog with the mandate to combat money laundering and terrorism financing had in February 2023 placed Nigeria, South Africa and 20 others on its grey list, following
Why Nigeria’s golden years were unsustainable – Vanguard News
… South Africa, Ghana, and other countries. The 1970s and 1980s were also a period when doing business in Nigeria was attractive. Global companies …
India takes steps to address trade barriers, boost exports to sub-Saharan Africa and Gulf nations
The major trading partners of India in the sub-Saharan region in 2022-23 were South Africa (total trade $18.9 billion, exports $8.5 billion); Nigeria …
5G is key to Africa’s business success – GhanaWeb
The importance of 5G to Africa’s business success was underlined this week at the 2023 Africa 5G Summit (run as part of the sixth Southern Africa …
AIF 2023 builds formidable powerhouse around investments in Africa
The Africa Investment Forum (AIF) 2023 has lived up to its name, with investment promises amounting to $34.82bn made over the three-day Market Days event held in Marrakech, Morocco, in November. It was attended by financiers, investors, pension funds, policy makers, private equity firms and governments. The pledged investments are across several sectors of the