Sub-Saharan Africa to post 4.2% growth in 2024 amid downside risks Published by Jaco Maritz on 31 May 2023 The IMF expects sub-Saharan Africa to rebound in 2024, with Senegal set to outperform.
Dangote launches Africa’s biggest oil refinery – how it will affect Nigeria Published by Nnaemeka Vincent Emodi on 28 May 2023 Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis.
Why Sudan conflict could impact global fizzy drink and candy makers Published by bird story agency on 10 May 2023 Sudan’s acacia trees provide over 70% of the global gum arabic supply, a vital ingredient in fizzy drinks, cosmetics, and candy, with few substitutes available.
South Africa and Nigeria dragging down the region’s growth outlook Published by bird story agency on 16 April 2023 Economic growth in Africa is set to slow down from 3.6% in 2022 to 3.1% in 2023, according to a new World Bank report.
Europe’s growing interest in Africa’s green hydrogen potential Published by Conrad Onyango on 15 March 2023 Europe is setting its sight on Africa’s yet-to-be-developed green hydrogen industry.
Commercial and industrial segments boost African solar energy Published by Bonface Orucho on 3 March 2023 The commercial and industrial solar segment registered year-on-year growth of 61.5% in 2022.
M-PESA eyes global remittances market’s multi-trillion dollar surge Published by Seth Onyango on 23 February 2023 The African mobile money giant is looking to replicate its African success in new markets as the global demand for seamless, fast and affordable remittance services heats up.
Major hotel chains race to expand in Africa Published by Conrad Onyango on 22 February 2023 Luxury hotels are expanding in Africa, with Marriott, Radisson Blu and Hyatt leading the way with new developments and acquisitions.
Madagascar’s mobile money boom Published by Olivier Monnier on 18 February 2023 Over a third of the population in Madagascar is now able to use mobile money for everything from paying bills to person-to-person transfers, to even saving or getting a loan.
Africa set to double its natural gas market share by 2050 Published by Bonface Orucho on 14 February 2023 According to a report by the Gas Exporting Countries Forum (GECF), Africa’s global gas market share is projected to rise from 6% in 2021 to over 11% by 2050.
Unpacking the formal retail industry in Kenya and beyond Published by Terser Adamu on 6 February 2023 In Episode #55 of the Unlocking Africa podcast, Terser Adamu talks to Wambui Mbarire, CEO of the Retail Trade Association of Kenya.
African gaming startups draw big investment deals Published by Conrad Onyango on 1 February 2023 With African mobile gamers growing from an estimated 77 million in 2015 to 186 million in 2022, gaming startups across the continent are pulling in multimillion-dollar investments.
From battery metals to avocados: Zambia attracts investor interest Published by Seth Onyango on 30 January 2023 Foreign direct investment into Zambia soared 158% in 2022 to US$8.5 billion, highlighting changing investor sentiment towards the country.
Three trends shaping Africa’s informal retail sector Published by Tridiv Vasavada on 25 January 2023 It is estimated that in Africa, over 70% of food, beverage, and personal care products are sold through informal channels such as open-air markets, kiosks and table-top sellers.
