Browsing: South Africa

Tropical storm Ana in January 2022 affected 180,869 people, injured 207 people, killed at least 38 people and flooded a…

However, economic growth and the rapid expansion of digital and mobile services are set to change this. 

With the African middle class growing across many African nations, the target market for insurance products is growing.

The report highlighted that there has been a significant rise in demand for digital solutions, as smartphone and affordable internet penetration deepens across the continent, providing opportunities for InsureTechs to step in and offer innovative products.

Sixty-nine per cent of Kenyan businesspeople said that digital payments have positively impacted their businesses as they can easily track expenses and income returns, which reduces errors and enables faster transactions.

The Central Bank of Kenya (CBK) has been pushing mobile money payments recently. Last year, following the outbreak of the COVID-19 pandemic, the Kenyan government released a directive through CBK, instructing commercial banks and payment service providers to halt charges on all transfers from mobile money wallets and bank accounts.

Despite the positive trajectory in digital payments adoption in Africa, Visa says there still is room for improvement.

According to the Business Wire report of 2021, South Africa generates up to 108 million tonnes of annual waste, about 90 per cent of this which ends up in landfills. The problem is that landfills are projected to be full in a few years to come.

The national waste management strategy gazette by the government in 2020 gives a clear direction on how to acquire raw products for metal products and how to even trade the final products.

The producer’s responsibility scheme hold the manufacturers responsible for their products and packaging to the end of their life cycle.

Findings show that increasing costs in every market due to a year of supply disruption did not deter data centre demand in most markets including Nairobi and Johanessburg.

The two African capitals were among 44 other locations that were surveyed. 

According to the study, despite the negative impact of the coronavirus pandemic, demand remained relatively steady when compared to other industries owing to governments’ decisions to make working and schooling from home mandatory. 

Norrsken22 plans on capitalizing on its general partners’ years of experience and investment philosophies to back startups in fintech, MedTech, Edtech, and market-enabling solutions such as B2B marketplaces and inventory management businesses.

Kolbe, whose previous firm Actis backed Egyptian fintech giant Fawry in 2019 as it prepared to go public, said Norrsken would look at Egypt ‘opportunistically.’ 

Deals from the country that may be of interest to the firm will be those planning an expansion into the four markets Norrsken22 is currently keen on, including Nigeria, Ghana, Kenya and South Africa.

When exports receipts increase it means from the definition given that the country that pursues this strategy will find itself in the desired position where it earns more than it spends.

This in the long run will lead to the country becoming less reliant on balance of payments support from multilateral lenders and repaying its debt obligations.

For a country like Zimbabwe, it is imperative that the southern African country pursues this strategy as the increased foreign exchange receipts will provide desperately needed foreign currency and monetary stability.

The company, founded in 2012, launched its online food ordering platform in 2013. In 2015, it launched its on-demand fast-food delivery app, becoming the first in South Africa to offer this service.

However, in 2020, Orderin officially shut down its consumer business. The brand relaunched last year as a B2B service, following successful projects helping other businesses develop their own delivery services.

The firm has provided delivery services for the likes of McDonalds and Pick n Pay.

The Crypto market in the world is looking ugly.

The bitcoin price fell to a three-month low on January 10, accelerating the slide that started when the Federal Reserve ignited a broad sell-off worth US$300 billion. The bank cautioned that it might move more quickly than previously expected to reverse policy meant to reinforce the economy during the Coronavirus pandemic.

Experts predict that the latest crypto fall will persist for weeks in the Federal Reserve measures continue to be more aggressive.

In June 2020, South Africa got the trial of marijuana off the ground as part of the six herbs that could effectively fight the COVID-19 pandemic.

A 2020 report by the research firm estimates that the marijuana market will be based majorly in the following five countries.

Market size would generate as follows if the required legislations take effect:  Nigeria (US$3.7 billion), South Africa (US$1.7 billion), Morocco (US$900 million), Lesotho (US$90 million), and Zimbabwe (US$80 million).