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Africa’s Development
- Leaders are meeting in Nairobi for the Eastern Africa ‘Waste is Wealth’ conference.
- The inaugural Waste is Wealth Series is organised by Taka Ni Mali, East African Business Council, and Alliance for Science.
- The three-day conference is themed: Promoting Effective Waste Management Practices for Environmental Conservation and Climate Change Mitigation.
The concept of a circular economy is fast gaining momentum in East Africa with both the private sector and government’s stuck on the drawing board shaping policies and regulations to help realise the shift.
World business leaders, policy makers, academics and NGOs have argued that a move towards a more circular economy is necessary to help solve global environmental and economic challenges.
Moving towards a more circular economy could increase competitiveness, and stimulate innovation. It will also boost economic growth and create jobs across economies.
Waste is Wealth
It is against this background that leaders are meeting in Nairobi for …
- Vodafone Group developed a business tailor-made to deal with Africa’s rising digital economy
- Etisalat, Vodafone’s largest shareholder, is currently exploring options for investment in Vodacom Africa.
- A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table
Vodafone Group is mulling strategies of extracting more value from its 65% stake in Vodacom Africa. According to Bloomberg, the telco is working with several advisers to evaluate the various strategic options available including mergers and acquisitions. A decision to divest assets in a specific market or sell a stake in Vodacom Africa to fund new projects is also on the table With the recent decline in Vodacom Africa and its market value in Safaricom, the organization is considering other alternatives.
This new take is crucial given that Vodafone has acquired new interested investors. Liberty Global, Xavier Niel,…
Small and Medium Enterprises in the region recognize the potential of working with public-private partnerships, and 63 percent of them think private sector initiatives and partnerships will benefit businesses and the markets in which they operate.
This has been revealed in a study conducted by Mastercard dubbed MEA SME Confidence Index.
The study also reveals that one in three SMEs or 32 percent think that collaborating with governments and businesses outside their markets could impact their growth. In Southern Africa this was especially pronounced, with over half at 56 percent agreeing.
The research also highlights the important role of government support in helping small and medium enterprises across the region to recover, position for growth, and contribute to economic prosperity.
As such, government support and implementation of effective policies has been highlighted as important by 88 percent of the region’s SMEs, 50 percent of which rated this point as a …
The firm has undertaken assignments in 50 of the 54 African countries and employs more than 500 people in its network of over 20 local offices.
This latest partnership comes at a time when the firm’s latest London sales and lettings reports show that June was a record-breaking month for sales transactions, lettings, viewings and new prospective tenants registering.…
Kenyan-based Jubilee Insurance Holdings (JHL) will pay a final dividend of Sh8 per share for the 2020 financial year.
In a statement, JHL says its shareholders confirmed the amount during the virtual 2021 Annual General Meeting held in Nairobi.
This therefore brings to Sh9.00 the total dividend per share and payment of Sh652.3 million or US$6.03 million as total dividend for the year.
The final dividend will be paid on July 26th, 2021 to shareholders registered as of May 26th, 2021.
JHL earned a profit before tax of Sh5.08 billion for the financial period ended 31st December 2020, an increase of Sh70 million compared to 2019.
This is despite operating in a challenging environment characterized by the effects of COVID-19 and related lockdowns.
The Group’s total assets increased by 12.1 percent to Sh145.86 billion from Sh130.08 billion and total shareholders’ equity and reserves increased 15.8 percent from Sh28.25 billion …
Africa’s leading Mobile Network Operators (MNOs), MTN, Vodacom and Safaricom, have recently made bold plans to venture into the increasingly dynamic world of fintech. On 23rd June 2021, Safaricom launched its super app, which creates an ecosystem of mini-apps from the network operator as well as third-party apps that feed off the super app[1]. A month prior to this development, Safaricom, the leading MNO in Kenya announced plans to release an Application Protocol Interface (API) for the super app to enable third-party app developers to build more products and services on top of the super app[2]. This means the super app is going to be an app store that consolidates the reach of Safaricom.
In May, MTN also announced plans to become a tech platform to rival the likes of Apple and WeChat as part of their Ambition 2025 which is currently being implemented[3]…
