Africa Global Village

How to solve the top 6 entrepreneurship problems

October 11, 2019 Village Reporterafrica, Business, Entrepreneurship, Opinions & Feature

Being an entrepreneur comes with numerous challenges. Being a new entrepreneur comes with hundreds of challenges. Entrepreneurs today face issues and run into obstacles on a daily basis. This thanks to the complexity of running a business or turning an idea into profit. With all the pieces of the puzzle that need to fit together, there needs to be a… Read More

Africa Business China West Africa World

Chinese vessel fined $1m over illegal fishing in Ghana

October 10, 2019 Village ReporterBusiness, China, Chinese, Fish, Fishing vessel, Vessels, west africa, World

Ghanaian authorities have fined owners of a Chinese vessel that engaged in illegal fishing in the country’s waters. Owners of the fishing vessel, Lu Rong Yuan Yu 956 will have to pay a $1 million fine for illegal fishing and additional $22, 700 (GHc124,000) for having fish onboard. According to local news outlet CITI FM reporting, the fishing vessel was… Read More

Africa Business World

World Bank cuts growth forecast for sub-Saharan Africa

October 9, 2019 Village Reporterafrica, Business, Economic growth, Sub-Saharan Africa, World Bank

Economic growth forecast for sub-Saharan Africa for 2019 to 2021 has been cut by the World Bank by 0.2 percentage points. Earlier projection by the bank was promising but the latest cut according to the banks is due to slowdown in fixed investment and policy uncertainty in the global economy. The World bank stressed that the economy of sub-Saharan Africa… Read More

Africa Business Ghana West Africa World

Ghana in line to host ECOWAS central bank

October 8, 2019 Village ReporterBusiness, Central Bank, ECO, ECOWAS, Ghana, Single Currency, west africa

Ghana is seeking to host the ECOWAS central bank which is expected to be set up in the coming months. The bank would be critical ahead of the introduction of the ECOWAS common currency the ‘Eco’ from January 2020. ECOWAS Commissioner in charge of Micro Economic Policy said Ghana is one of the leading countries in line to host the… Read More

Africa Business Central Africa Rwanda World

Rwanda launches ‘Made in Africa’ smartphones

October 7, 2019 Village Reporterafrica, Business, central africa, Made in Africa, Mara Group, Mara Phones, Rwanda, Science & Technology, Smartphones

Rwanda’s President, Paul Kagame on Monday officially launched two new smartphones manufactured in Africa. The new phones are the first “Made in Africa” models produced by a Rwandan based company called Mara Group. Mara X and Mara Z are now available for purchase to consumers. They were showcased in May this year at a Tech summit in Paris. Now on… Read More

Africa Business East Africa World

Kenya: Betting firm SportPesa sacks 400 staff

October 3, 2019 Village ReporterBetting, Betting firm, Business, east africa, kenya, SportsPesa

Betting firm SportPesa has sacked 400 of it’s employees in Kenya because it could no longer afford to pay them their salaries. The company has said that it’s business model has collapsed after the government imposed additional tax of 20 per cent on all revenues. On Wednesday the company’s Chief Executive Officer Ronald Karauri told employees at a meeting that… Read More

Africa Business Nigeria News and Headlines World

Facebook to open centre in Lagos to support small businesses

October 3, 2019 Village ReporterBusiness, Facebook, Lagos, Nigeria, Small businesses, Teleperformance

Facebook in partnership with Teleperformance, has announced the opening of its first Small Business Group (SBG) Operations Centre in Lagos, Nigeria, which will provide outsourced support to all English speaking advertisers across Sub-Saharan Africa. The centre will support advertisers across the region through its Advocacy, Community & Education (ACE) programme, which aims to build engaged communities who are growing their… Read More

Africa Business Southern Africa World Zimbabwe

Zimbabwe bans mobile money cash transactions

September 30, 2019 Village ReporterBusiness, mobile money, Reserve Bank, Southern Africa, Zimbabwe, Zimbabwe Central Bank

Zimbabwe’s central bank has banned mobile money agencies from facilitating cash withdrawals or deposits. The southern African nation is struggling to deal with a worsening economic crisis and cash shortages. Only very few banks are able to provide depositors with physical cash. Zimbabweans have now resorted to mobile money agencies who are reportedly selling cash at a premium illegally. In … Read More

Africa Business Southern Africa World Zambia

Increased load-shedding In Zambia dims businesses

September 30, 2019 Village ReporterBusiness, Businesses, electricity, Load Shedding, Southern Africa, Zambia

In just about two months since Zambia’s electricity supply company, ZESCO Limited, announced an increase of load-shedding hours, from four to eight, the prolonged black-outs are already having adverse effects on various aspects of everyday life and businesses in the country. The company had been rationing electricity, through four-hour power cuts, daily, since June this year, thanks to reduced water… Read More

Africa Business West Africa World

Sierra Leone’s Easy Solar wins global entrepreneurship award

September 27, 2019 Village ReporterAward, Business, Easy Solar, Entrepreneurship, Sierra Leone, Solar energy, west africa

Only one company from Sierra Leone was chosen by the World Economic Forum (WEF) to receive the Schwab Foundation Outstanding Social Entrepreneur of the Year Award. Easy Solar, an energy startup in Sierra Leone, was recognized as a leader of global social innovation for 2019 along with 19 others across the world. In just three years since it launched, Easy… Read More

TRENDS

Tag: Business