Browsing: Nigeria

The UN says that e-government holds an explosive potential to ensure public institutions deliver public services in an effective, accountable, efficient and transparent manner.

Africa is showing the greatest growth in developing e-government in service delivery. United Nations member states In Africa with a low e-government development index (EGDI) have since reduced from 26 in the year 2016 to seven last year.

However, there is no single country in Africa that has high EGDI values.…

• The Southern Africa region received the most significant share of Foreign Direct Investment in 2020 
• Nigeria, South Africa and Angola attracted the highest amount of Foreign Direct Investment 
• East Africa received the lowest amount on the back of policy challenges and rising political tensions in countries such as Ethiopia

Southern Africa regained its lead at the most significant Foreign Direct Investment (FDI) hub in 2020, on the back of diversified economies.

A report by The East African also reveals that Morocco and Egypt received a majority of investment in the Northern Africa region. At the same time, Nigeria, Ghana and Côte d’Ivoire dominated in the west.

According to the Africa Attractiveness Report 2021 by Ernst and Young, Angola took the largest share of Foreign Direct Investment in central Africa.

East Africa

The report reveals that East Africa received the lowest foreign direct investments (FDI) last year, on the back of …

Mergers and acquisitions worth US$52B were completed in South Africa during the first half of 2021, with the value of deals growing by 958% from 2020 with the tech sector in the lead according to Refinitiv Data that provides financial markets and infrastructure data . According to Digest Africa, the value of mergers and acquisitions in the African tech ecosystem in 2018 was US$504M with 24 out of the 39 deals taking place in South Africa making it the country with the most mergers, acquisitions and exits among the KINGS countries.…

Passenger vehicles were Kenya’s fourth-largest import overall in 2014, valued at US$420 million and making up 2.3% of total imports (by value) while commercial vehicles ranked seventh, valued at US$370 million.

“If the current trend of 10% to 12% growth per annum on vehicle imports is to be maintained, Kenya will have five million vehicles on the road by the year 2030,” Deloitte said.…

The lockdown occasioned by the coronavirus pandemic saw new e-commerce users rise by 5 percent in Sub-Saharan Africa in 2020 when compared to the active base the previous year.

This is according to a report by VISA, which attributes this to a preference of e-commerce to fill the void left by the closure of face-to-face retail, which was implemented across many parts of the world, including the region, to fight the viral disease.

The ‘e-commerce developments across Su-Saharan Africa’ report also notes the economic shocks that followed COVID-19 have reduced spending power across the world, including in the region, but the closure of physical stores has provided a growth opportunity for digital payments and e-commerce itself.

Where, how to invest in Uganda’s e-commerce

As such, VISA projects that e-commerce sales will grow to US$7 trillion across the globe by 2024, with the Asia Pacific, specifically, China, India, and Southeast Asia, …

Imperial (www.Imperiallogistics.com)is pleased to advise that in F2019 and F2020, it created value of R146 billion ($10.23 billion) and R98 billion ($6.86 billion) for its stakeholders and communities in Nigeria and South Africa respectively, as confirmed by a recent Socioeconomic Impact Assessment study undertaken by Accenture.

“Imperial plays a key role in connecting Africa and the world and improving people’s lives with access to quality products and services. As a purpose-driven organisation with Environmental, Social and Governance imperatives embedded in our business strategy all our businesses remain committed to not just creating but sustaining value for all our stakeholders across our 25 countries of operation”, says Mohammed Akoojee, Imperial’s Group CEO. “We take a holistic approach regarding value creation wherein value is created not only for Imperial but also for other stakeholders in the value chain, including the development of our communities and countries of operation.”

In assessing …

That year, in 2015, Kenya, Rwanda, Uganda, and Tanzania settled for a three-year plan to phase out the importation of used clothes, a major exporter been the United States. To realise the intended ban, taxes were increased on second-hand clothes were increased effectively deterring their importation. The plan was to completely ban the import of second-hand clothes as of 2019.

This ambitious vision was never realized as the Trump administration issued an ultimatum for EAC to rescind the ban on second-hand clothes by 23 February 2018 or, as the DW writer Isaac Mugabi puts it ‘face the consequences.’…

Forbes recently. released a list of Africa’s top dollar musicians and here is the list in descending order.

1. Youssou N’Dour (Senegal) – Net worth $145

Youssou N’Dour, AKA Youssou Madjiguéne Ndour, is a Senegalese singer, songwriter, composer, occasional actor, businessman, and, wait for it, a politician too. Yes, Africa’s wealthiest musician is shooting for the executive office and is not the only one on the list with aspirations of becoming their country’s president.

Youssou owns the biggest media house in Senegal with radio and Tv stations. He also boasts vast investments in real estate.

1. Akon – net worth $80 million

World fames Akon is Africa’s second richest musician. Born Aliaume Damala Badara Akon Thiam, the US based star is also originally from Senegal. Akon who is also an actor and a businessman, has accumulated wealth from a diverse range of investments.

Akon writes songs and produces …