By Charles Muchoki | Africa Guardian For many years, the Philippines has been the go-to destination for business process outsourcing (BPO) due to its skilled, English-speaking workforce, cultural alignment with Western nations, and strong governmental support. However, as companies explore ways to diversify their outsourcing strategies, Africa is quickly emerging as an attractive alternative. Drawing from my experience as…
Africa Surpasses Asia and Europe as Preferred Trade Market By Elizabeth Antidius Shumbusho | Africa Guardian Africa’s intra-continental trade is gaining momentum, driven by easier cross-border transactions, improved quality of locally made goods, and more competitive pricing compared to markets in Asia, the US, and Europe. According to the latest Africa Trade Barometer, African businesses are increasingly opting to…
By Edson Baraukwa | Africa Guardian United Bank for Africa (UBA) Plc, a leading Pan-African financial institution, is set to establish its second Gulf Region subsidiary in Saudi Arabia, following its successful expansion into the United Arab Emirates in 2022. The new subsidiary, expected to launch within the next year, underscores UBA’s commitment to connecting Africa with the Middle…
Apex Partners with Dematic to Transform Warehouse Automation in Southern Africa By Charles Muchoki | Africa Guardian Apex (www.Apex-rts.co.za), a prominent Southern African provider of warehouse management and automation solutions, has formed a strategic partnership with Dematic, a global leader in automated material handling systems and software. This partnership enables Apex to represent Dematic in the region, delivering internationally…
Our Correspondent | Africa Guardian Over 100 businesses and investors are expected to attend the Tanzania-Saudi Arabia Business and Investment Forum, set to take place in Riyadh from December 17 to 21. The event, organized by the Tanzania Investment Centre (TIC), aims to strengthen economic ties between the two countries. Gilead Teri, the TIC Executive Director, highlighted that the…
By Elizabeth Antidius Shumbusho | Africa Guardian Ethiopian Airlines has become the first airline in Africa to receive an Airbus A350-1000 equipped with Thales’s advanced AVANT Up Inflight Entertainment (IFE) system, marking a new chapter in the airline’s commitment to offering exceptional passenger experiences. This milestone highlights a longstanding partnership between Ethiopian Airlines and Thales, which spans over a…
Our Correspondent | Africa Guardian The European Union (EU) continues to be Africa’s largest trading partner and primary export market, according to Norwegian Ambassador Tone Tinnes. Speaking at the 28th annual research workshop of REPOA, an economic research institution based in Dar es Salaam, Tinnes highlighted that EU imports from Africa reached €367 billion in 2023—a 27% rise since…
Our Correspondent | Africa Guardian Africa’s business landscape is undergoing a remarkable transformation fueled by technological innovations and shifting global economic dynamics. The continent’s increasing connectivity, highlighted by the emergence of digital payment solutions and passport by investment (PBI) programs, is reshaping business practices. These advancements not only enhance financial accessibility but also create new avenues for global entrepreneurs…
By Edson Baraukwa | Africa Guardian Africa is the largest global market for Guinness beer, with Nigeria ranking second only to the UK in terms of consumption. The success of the Irish brand on the continent is often celebrated as a pioneering business model, largely attributed to its targeted advertising campaigns. Sociologist Jordanna Matlon recently published a research paper…
By Charles Muchoki | Africa Guardian Aliko Dangote, the founder of Dangote Group, has urged African business leaders to take the helm in driving the continent’s transformation. Speaking at the African Renaissance Retreat in Kigali, Rwanda, Dangote highlighted that despite Africa’s numerous challenges, its youthful population and vast natural resources—including about 30% of the world’s mineral reserves and the…
By Elizabeth Antidius Shumbusho | Africa Guardian South African retailer Spar Group is contemplating an offer to acquire West Pack Lifestyle, which is currently undergoing business rescue. As the country’s second-largest grocer by revenue, Spar has expressed ambitions to diversify beyond the food sector and capture a larger share of the South African market. West Pack, known for its…
Our Correspondent | Africa Guardian South Africa’s state-owned logistics company, Transnet, has secured a R5 billion ($283.53 million) loan from the New Development Bank, established by the BRICS group of emerging economies. The South African government will guarantee this loan, which is aimed at supporting Transnet’s ambitious turnaround plan. The loan is intended to address the years of underinvestment…
By Charles Muchoki | Africa Guardian Elon Musk’s Starlink is poised to shake up Africa’s internet landscape with a new router-free service, potentially disrupting the market dominance of established telecom giants like Safaricom and MTN. By eliminating the need for costly hardware, Starlink aims to lower barriers to internet access in a region where high costs have long limited…
By Charles Muchoki | Africa Guardian Kia Middle East and Africa has officially launched the Kia EV5 in Rabat, Morocco, marking a significant step forward in the region’s journey towards sustainable mobility. The event, attended by over 100 media representatives and fleet companies from nine markets, highlighted the Kia EV5’s impressive range, speed, and futuristic design as the future…
By Edson Baraukwa | Africa Guardian Russia is set to start importing cocoa beans directly from Nigeria, with initial deliveries expected between September and October, according to Maksim Petrov, Moscow’s trade representative in Nigeria, as reported by TASS. Russian trading houses, which already export products like frozen fish, alcohol, chocolate, and meat to Nigeria, will handle these new cocoa…
The newly established Sub-Saharan Africa Safety Advisory Council is a part of TikTok’s global network of advisory councils, designed to provide expert insights on a range of safety issues. TikTok has announced significant strides in enhancing safety across its platform in Sub-Saharan Africa with the launch of its first Safety Advisory Council for the region and the expansion of…
The leadership of Ethiopian Airlines has opened up on the controversy over the Nigerian Air initiative of the past administration of Former President Muhammadu Buhari. POLITICS NIGERIA recalls that the former Minister of Aviation, Senator Hadi Sirika, had floated the airline on May 27. However, it was later discovered that an aircraft belonging to Ethiopian Airlines was used to…
With the new Renault Group modular platform, the carmaker aims to build cars between four and five metres in length with various powertrains. French carmaker Renault has announced that it will invest €3 billion (over Rs 26,000 crore to launch eight new models outside Europe for global markets by 2027. Out of these eight, five will be from the…
The citrus seeds market has experienced a remarkable surge in recent years, driven by growing demand for citrus fruits and their derivatives. These tiny powerhouses, loaded with essential nutrients and antioxidants, have gained popularity in the health and wellness industry. The market for citrus seeds worldwide was projected to reach US$ 4.32 billion in 2022. Sales are expected to reach US$ 8.9 billion…
The World Bank has blamed the re-emergence of parallel currency exchange market in Nigeria on resistance toward the increasing pressure on the naira and the limited supply of forex at the official window. The Bank, in a report released on Wednesday in Washington DC, said the premium between the parallel exchange rate and the official rate widened from March…
・Business Insider Africa presents the top 10 most rewarding African countries to do business in 2023. ・This list is derived from Oxford Economics Africa’s report titled “The Africa Risk-Reward Index.” ・The research is based on the assessment of 3 major factors. Businesses have the option to go beyond national boundaries for new markets and investment opportunities in today’s globally…
OVER the years, Türkiye’s role in the African continent has increased consistently. This has been translated into stronger ties between Türkiye and Africa. Turkiye’s policies toward Africa evolve within the framework of a win-win policy and are mainly driven by economic, humanitarian, and security dimensions. Furthermore, Türkiye has emphasised the fact that the principles of equal partnership and mutual…
・AFRAC Summit in Nairobi, Kenya initiates discussions on creating a borderless trade zone in Africa. ・Kenya’s Ministry of Investment, Trade, and Industry seeks solutions to expand African industry beyond its current 3% global share. ・Kenya’s investment and export goals include raising manufacturing GDP contribution and increasing exports to 30% of GDP by 2025 Discussions to establish Africa as a…
The Chinese company Huawei Technologies announced its $430 million five-year investment plan, named “Intelligent Future,” for boosting smart transformation in North Africa, according to President of Huawei Northern Africa Terry He. The plan allocates $200 million for building the company’s first cloud center in North Africa, which will provide over 200 cloud computing services. Intelligent Future will also invest $200 million…
More torque and road-focused handling characteristics seem to be in the pipeline. Honda is anticipated to roll out major updates to its flagship adventure bike, the CRF 1100 Africa Twin, for the 2024 model-year. Reports suggest that the new and updated Africa Twin will sport refinements to the engine, chassis, and overall setup, appearing to cater to more road-focused…
Fresh from the successes of the AGRF Summit in Dar es Salaam, President Dr. Samia Suluhu Hassan is pivoting Tanzania towards a transformative chapter in its blue economy. Minister for Livestock and Fisheries, Abdalla Ulega, elaborated on this ambitious project, underscoring Tanzania’s commitment to food system reform and development. President Dr. Samia is leading the East African food powerhouse…
Pakistan High Commissioner to Tanzania Siraj Ahmad Khan says his country’s priority is to boost trade volume between the two countries through bilateral trade Dar es Salaam. The government of Pakistan is targeting to increase trade with Tanzania from $224 million to more than $400 million in the next two years. Pakistan High Commissioner to Tanzania Siraj Ahmad Khan…
By Clifton Movirongo. The Namibia Oil and Gas Conference, coordinated by the Economic Association of Namibia (EAN), the Namibia Investment Promotion and Development Board, and the Hanns Seidel Foundation, was officially launched on Tuesday in Windhoek and will take place on 16 and 17 August. The conference’s primary goal is to create a platform for a large-scale public consultation,…
This programme shares its priorities and goals with the file of post-conflict reconstruction and development, whose leadership was supervised at the level of the African continent President Abdel Fattah Al-Sisi has stressed that the African continent has to continue its efforts to mobilize financial resources in priority areas, especially infrastructure development, within the framework of the African Infrastructure Development…
Carbon offsets are intended to mitigate the effects of climate change, and Tanzania is on the verge of a new age, one in which the carbon market can provide major benefits to the environment, local people, and the National Treasury Dar es Salaam. Producing and selling carbon offsets is finally becoming a lucrative business in Tanzania, with the government…
There are many advantage for bartering of goods with Africa, the chairman of the Iran-Iraq Joint Chamber of Commerce said, adding that Iran should seize it as an opportunity to spur trade with the continent. Countries enjoy high capability of producing goods and can use bartering deals to supply goods as they need, Yahya Al-e Es’hagh emphasized. Speaking in…
According to the most recent data from Tanzania’s central bank, Tanzanian coal exports experienced a seven-fold increase in the year to March as a result of the strong demand brought on by Europe’s energy crisis as a result of Russia’s invasion of Ukraine. In September 2022, Business Insider Africa reported that the rise in demand for coal is a…
Summary The firm announced on Monday that its gross profit jumped by 16.2 percent to Sh69.2 billion in 2022 from Sh59.6 billion in 2021 Dar es Salaam. Tanzania Cigarette Public Limited Company (TCC Plc) has increased its dividend for shareholders by 23 percent after the company braved challenges to register double-digit growth in profitability. The firm said yesterday that its…
By Anthony Muchoki Dr. Agnes M. Kalibata, President of AGRA, has commended the Tanzanian government for taking a significant step towards enabling youth to participate in food system transformation. A strong advocate for youth empowerment in agricuture, Dr Kalibata believes that “the younger generation needs to have productive, meaningful lives. Let’s give them the technologies and opportunity to be…
A recently published market study by Future Market Insights (FMI) on the Potassium Sulfate market integrates the global industry analysis for 2014-2021 and market opportunity assessment for the forecast period of 2022-2029. The market study divulges fundamental insights and provides an in-depth market analysis for the historical as well as forecast period. As per the market valuation in the report, the…
Nakuru, Kenya As the world prepares to celebrate the International Day of Women and Girls in Science, Coca-Cola Beverages Africa (CCBA) has amplified its commitment to empowering women and girls in STEM. Recognizing the importance of closing the gender gap in STEM, CCBA is taking action to promote the advancement of women in science. The company General Manager of…
Summary Top EAC exports to Africa included precious stones, coffee, tea, cement, animal fats, mineral oils and iron and steel. Exports from the East African Community (EAC) bloc to Africa soared to $7.9 billion in 2021 in spite of Covid-19 impact. They comprised 42 percent share of the region’s total exports of goods to the world which was $18.7…
*50 Potential Outcomes for Tanzania The AGRF Food Systems Forum will take place in Tanzania in 2023. John Muchoki and John Beda will examine the potential outcomes of the Summit on agriculture in Tanzania, building on the efforts made by various stakeholders to improve the sector. The Summit seeks to advance the progress of the Malabo Declaration and prioritize…
Tanzania will host the AGRF 2023 Summit, the announcement was made by Her Excellency Samia Suluhu Hassan, the president of the United Republic of Tanzania and H.E Hailemariam Dessalegn, the Chair of the AGRF Partners Group on the sidelines of the U.S. Africa Leaders’ Summit currently taking place in Washington, DC. The AGRF, Africa’s Food Systems Forum, is the…
We are excited to announce that SWAHILIES has raised $50,000 in pre-seed funding from The Baobab Network, an accelerator that backs early-stage technology startups in Africa, providing entrepreneurs with funding, support and a global platform to scale their businesses. The Baobab Network has been very supportive of us during the acceleration program and even beyond. We are super excited to be with them on this journey….
THE horticulture industry champion has showered praise to President Samia Suluhu Hassan for unlocking the strategic Chinese avocado market worth nearly 150 million US dollars (about 347.3bn/-) per annum. Courtesy of President Samia’s diplomatic agreement with her Chinese counterpart, Xi Jinping, during her maiden state visit, Tanzania and China signed a protocol on sanitary and phytosanitary (SPS) measures to…
Dar es Salaam. Business stakeholders and analysts yesterday pointed out possible factors over why multinational retailers are closing shop in Tanzania. In the recent past, Tanzania has witnessed a number of supermarkets shutting down, with the latest one in the list being Game Stores, whose closure will adversely affect over 100 direct and indirect jobs. The exit of Game…