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Business
- Small and medium enterprises have become vital drivers of economic growth in African countries.
- According to the African Development Bank Group, SMEs in Africa represent around 90 per cent of all businesses and contribute up to 33 per cent of Africa’s Gross Domestic Product (GDP).
- Access to capital is one of the biggest obstacles small and medium enterprises face in Africa.
Small and medium enterprises (SMEs) in Africa play a vital role in fostering sustainable development. With 90 per cent of all global businesses falling under the MSME category, these enterprises create employment, foster innovation, and contribute to gross domestic product (GDP) growth.
In recent years, small and medium enterprises have become vital drivers of economic growth in African countries. As the continent undergoes rapid development, these enterprises foster innovation, create jobs, and contribute to economic growth.
Small and medium enterprises form the bedrock of African economies, representing various …
- The tourism sector is increasingly important in the global economy.
- Tourism in Africa is still at an embryonic stage of development and is highly interconnected with longstanding growth and development challenges in infrastructure and security.
- A report predicts that a growing middle class will fuel Africa’s travel and tourism industry and a projected CAGR of 8.9 per cent or $731.4 billion in 2032 in the “leisure” market.
Tourism sector in Africa
Tourism sector is increasingly important in the global economy, contributing up to 5 per cent of total gross domestic product (GDP), 30 per cent of service exports, and approximately 225 million job opportunities.
Indeed, approximately 1 billion people travel internationally annually. Consumer receipts on tourism, hospitality, and recreational activities in Africa are projected to hit about $261.77 billion by 2030, $137.87 billion more than in 2015. From 1998 to 2015, service exports, such as tourism, have grown sixfold faster …
- There is urgency in halting the digital divide in Africa as this is vital in promoting inclusive growth, alleviating poverty, and generating more jobs through the digital economy.
- Kenya is setting an example by ensuring all its buildings are fiber-optic-ready.
- Digital automation in trade has proven to be a valuable asset in safeguarding Africa’s social and economic growth.
Digital Divide in Africa
Digital divide in Africa has been exacerbated over the years and, the urgency to halt it is vital in promoting inclusive growth, alleviating poverty, and generating more jobs through the digital economy.
Africa, with a population of 1.4 billion, currently has only 473 million internet users, representing a 36 per cent penetration rate and a mere 5 per cent fixed broadband penetration due to limited undersea connectivity. This leaves the continent lagging behind other regions regarding digital infrastructure, a critical component for economic growth.
African policymakers should capitalise …
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Fishing has been a popular pastime for centuries, and with the advent of online gaming, the thrill of catching fish has found its way into the digital world. Betvisa, a leading online gaming platform, offers an exciting game called “Shooting Lucky Fish,” where players can test their skills and luck in an underwater paradise. In this comprehensive blog post, we’ll delve into the art of shooting fish and explore strategies to maximize your winning rate in Betvisa’s Shooting Lucky Fish game.
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The Shooting Mechanism
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When Arsenal acquired Martin Ødegaard on a permanent transfer from Real Madrid in the summer of 2021, it was a move that was widely hailed as a significant coup for the North London club. The young Norwegian had already impressed during a previous loan spell at the Emirates Stadium, and his return to Arsenal was seen as a key step in the club’s long-term rebuilding process.
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