For many decades, the African hospitality market has been exclusively reserved to private investors, of which the majority are hotel chains and property companies. Looking at the market today, it appears that the Sub-Saharan African hospitality sector, excluding South Africa, is now rising as a key investment opportunity for both international hotel chains and institutional […]
Revenue receipts from oil will be just as important to driving Nigeria’s economy in the medium term as they were in the last decade. An estimated 70% of government revenues and around 90% of the country’s foreign exchange earnings come from oil sales. However, Nigeria is currently experiencing the effects of its over-dependence on oil […]
Over the past two decades, China’s robust economic growth and rapidly expanding presence in global markets have greatly intensified its trade ties with sub-Saharan Africa. China’s remarkable 10% average growth rate between 2000 and 2012, has fueled a steadily rising demand for oil, minerals and other primary commodities, many of which are abundant in sub-Saharan Africa.
Mobile Banking and Why It’s Growing in Africa Mobile banking allows its users to conduct financial transactions through mobile devices such as mobile phones and tablets. It is a service offered by banks and other financial institutions that allow users to obtain account balances, pay bills and transfer funds on their mobiles. However, mobile banking […]
Kenya has been witnessing major growth in entrepreneurship and innovation, led by a rising interest towards new technologies and mobile connectivity. Today, Kenya is leading the way in terms of digital technology development in Africa. The country has been experiencing a boom in internet and mobile savviness with a 90% mobile penetration as of 2016, […]
The Development of Morocco’s IT Sector Morocco aims to position itself as a strategic hub in the Middle East and North Africa by becoming one of the top performing countries in the region in terms of Datacom infrastructure and IT business environment. The investment reform plan presented in July 2016 by Moulay Hafid Elalamy, Minister […]
A New Wave of Hope: Insights from Pew Research For many decades, Africa has been regarded as the poorest continent in the world. Although significant challenges face the future development in Africa, a rise of optimism in several countries in the continent support the development and vision that the continent holds. A study conducted by […]
The African continent, a beacon of African growth, remains one of the fastest-expanding economies globally. Despite this promising trajectory, the economic foundation of many African nations is still predominantly tethered to commodity production and exportation, especially crude oil, underscoring a critical need for diversification and development of internal value-added operations. Oil is a natural resource […]
Although sub-Saharan Africa has not been famous for its status as a leader in female inclusion within the economic sector, African women are surprisingly beating the odds and defying the obstacles in the field of entrepreneurship in the region. High Female Entrepreneurship Rate Holding a comparison between some of the most developed economies in Africa […]
In the wake of its historical challenges, Rwanda’s economy stands today as a testament to remarkable resilience and growth. Once overshadowed by the tragedy of the 1994 genocide, this vibrant East African nation now showcases a unified effort towards substantial political, social, and economic progress. Rwanda ICT Sector Information and Communication Technology is an essential […]
