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Tag: Business

Africa Business World 

Small African businesses now driving growth in Agriculture

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A report published this week finds that millions of small- and medium-sized enterprises (SMEs) source directly from millions more smallholder farmers across Sub-Saharan Africa. These SMEs, often women-led, include food processors, wholesalers, and retailers. SMEs provide a range of services, from transport and logistics to the sale of inputs such as fertilizer and seed to farmers.  Their activity is driving… Read More
Africa Business Nigeria News and Headlines South Africa Southern Africa West Africa World 

Nigeria tightens security for SA businesses over xenophobic violence

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There is heavy protection across Nigeria for South African-owned businesses and it’s embassy facilities as angry reactions continue over xenophobic attacks in South Africa. Nigeria has already recalled its high commissioner to South Africa and boycotted an ongoing World Economic Forum event in Cape Town. Presidents Paul Kagame (Rwanda), Felix Tshisekedi (DRC) and Peter Mutharika (Malawi) have all withdrawn from… Read More
Africa Business World 

Agricultural producers win 2019 Africa Food Prize

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Two exceptional professionals, who are both at the same time successful agricultural producers have been announced as the joint winners of the 2019 Africa Food Prize. Dr. Emma Naluyima, a smallholder farmer and private veterinarian from Uganda, and Baba Dioum, a policy champion and agricultural entrepreneur from Senegal were recognized for their remarkable achievements in demonstrating and promoting innovative and sustainable growth… Read More
Africa Business World 

Digital money transfer service Azimo reaches profitability

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Azimo, Europe’s leading digital money transfer service, today announced that it has reached profitability during Q2 2019. Following the successful expansion of sending to regions such as Africa and south-east Asia, the volume of transfers enabled by Azimo increased by 60% year on year. Building on the momentum of its expansion strategy, Azimo will be extending its services to allow… Read More
Africa Business East Africa World 

Uganda revives national airline, makes first trip in 20 years

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Uganda’s national carrier has been revived with the airline making a trip to Kenya for the first time in two decades. Uganda Airlines was first founded in 1976 and but was grounded in 2001 due to financial challenges, corruption and asset-stripping. On Tuesday the airline started commercial operations and has plans to fly to major cities in Kenya, Tanzania, South… Read More
Africa Business Ghana West Africa World 

International Workplace Group expands franchise in Ghana

Village Reporter, , , , ,
International Workplace Group (IWG plc) has announced the expansion of the first flexible office space franchise opportunity in Ghana. The company is currently seeking driven multi-brand franchise operators, landlords, private equity firms and high net-worth individuals to seize the opportunity to buy into the lucrative flexible working market at attractive returns. With the first franchise centre already open in Angola… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria: Loan defaulters to lose deposits in other banks

Village Reporter, , , , , ,
Nigeria’s Central Bank has announced that loan defaulters will now lose their deposits in other banks. The move is in an attempt to reduce the rate at which customers of banks default in paying their loans. The central bank and other lending institutions agreed to seize the bank savings of customers that borrow money and refuse to pay back. Per… Read More
Africa Business North Africa Sudan World 

Sudan in dire need of $10 billion to rebuild economy

Village Reporter, , , , , ,
Sudan’s new prime minister has said that the country needs up to $10 billion in foreign aid to rebuild it’s economy. Abdalla Hamdok says the money will be needed over the next two years to help fix an economy that is almost collapsing. Hamdok was sworn in as prime minister on Wednesday. He has vowed to tackle conflict and build… Read More
Africa Business East Africa South Africa Southern Africa World 

Air Tanzania aircraft seized by South African authorities

Village Reporter, , , , ,
A plane owned by Tanzania’s state-run airline was seized in Johannesburg by South African authorities, a senior government official said. Mr Leonard Chamuriho, the permanent secretary in the Ministry of Works, Transport and Communications, said in a statement that the plane belonging to Air Tanzania Company Limited was seized Friday following an order by the Gauteng High Court of South Africa.… Read More
Africa Business East Africa Sudan World 

South Sudan makes minor oil discovery

Village Reporter, , , ,
South Sudan said announced that it has made a small oil discovery in Northern Upper Nile State. This is the first time the country is making any form of oil discovery since independence in 2011. War and instability has largely affected exploration activities in the small country. The country’s oil minister, Awow Daniel Chuang said on Thursday that the new… Read More
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