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Tag: Business

Africa Business East Africa World 

Kenyan consumer sentiment displays pockets of potential

Elwin Mandowa, , , , , ,
– – With Kenya having passed the second peak in the country’s COVID-19 pandemic during November 2020 and the accompanying successful mitigation of case numbers and deaths; the NielsenIQ Consumer Confidence Index (CCI) for Quarter 4, 2020 saw a slight improvement of 1 point to 98, albeit it with pockets of sign improved sentiment. NielsenIQ Managing Director East Africa Faith Wanderi comments;… Read More
Africa Business World 

Jeff Bezos to step down as Amazon CEO

Elwin Mandowa, , , , ,
– – The Amazon CEO’s wealth has now reached an estimated $202 billion, according to the Bloomberg Billionaires index as at 2020. Bezos besides Amazaon owns the space travel company, Blue Origin which founded in 2000 as well as The Washington Post newspaper, which he acquired in 2013. List of 100 Most Influential African Women for 2020 – – Source: Africafeeds.com… Read More
Africa Business World 

Here are Africa’s top ten most developed countries

Elwin Mandowa, , , , , , ,
– – Every year the United Nations Development Programme (UNDP) ranks countries through its Human Development Index (HDI) project. The Human Development Report (HDR) by the UNDP measures a country’s health, education, and standard of living as part of the index. The agency also ascertains a nations’ average achievement in three basic scales of human development – education, life expectancy,… Read More
Africa Business World 

Workshop 17 Wins Global Startup Award

Elwin Mandowa, , , , , ,
– – The winners of the 2019 season of the Global Startup Awards (GSA) have been announced at the Global Grand Finale Day. Bringing home an Award to Africa was Workshop17, which scooped Best Coworking Space in the world’s largest independent startup ecosystem competition. On outshining the other finalists from around the world, Paul Keursten, Co-Founder and CEO of Workshop17… Read More
Africa Business World 

World e-commerce leaders announce huge growth during pandemic

Elwin Mandowa, , , , ,
During the global pandemic, some of the world’s leading e-commerce companies have thrived with unexpected employee hires, massive turnover and agile operation procedures. Big players Amazon and Alibaba Group in particular have announced remarkable revenue growth in their respective regions, as reported by Compare the Market. For Amazon, a strategic diversion of product focus to COVID-19-related products such as sanitizers… Read More
Africa Business East Africa World 

FAO warns of new locust invasion threat in East Africa

Elwin Mandowa, , , , , ,
– – New swarms of locusts in southern Ethiopia and northern Kenya are spreading further in the eastern Africa region, the UN’s Food and Agriculture Organization (FAO) has warned. In its latest update posted on Monday, FAO said the immature swarms have been migrating from the previous locust breeding grounds in eastern Ethiopia and central Somalia and spreading into Ethiopia’s… Read More
Africa Business Southern Africa World 

State of Online Forex Trading Industry in Africa: Report

Elwin Mandowa, , , , , ,
– – Foreign exchange market is a popular financial market where global currencies are traded & it is the largest market in terms of volume even larger than world’s biggest stock exchanges combined. In the recent years, retail currency trading where small investors can take part in the forex market for speculation is gaining popularity globally. African traders have shown… Read More
Africa Business Ghana World 

The African Continental Free Trade Area is now operational

Elwin Mandowa, , , , , , , ,
– – The much anticipated African Continental Free Trade Area (AfCFTA) has become operational effective January 1, 2021 after months of delay due to the coronavirus pandemic. Officials of the secretariat in-charge of executing the trade zone had promised the deal will be operational on July 1, 2020. But when the Covid-19 hit hard, it affected plans and forced the… Read More
Africa Business World 

No Deposit Slots Explained

Elwin Mandowa, , , ,
– – Online gambling casinos are unmistakably more liberal with rewards than the conventional physical slots. Welcome rewards are a significant aspect of the casino highlights, used to draw in new players to these online gambling sites. The purpose of the liberality of online casinos is down to the measure of rivalry that each casino currently faces in an undeniably… Read More
Africa Business China World 

China and Lending – Will Africa Suffer From a More Frugal Outlook?

Elwin Mandowa, , , , ,
– – Prior to the popular ‘Africa Rising’ narrative which gained momentum at the turn of the century, the region’s debt crisis was one of the main topics of developmental economics. This was particularly apparent during the 1980s, when most African nations were trapped in an unsustainable cycle of debt. In fact, Africa’s cumulative debt burden increased from just $8… Read More