Business – Africa Guardian

Tullow Oil and Afentra Highlight Importance of Infrastructure Upgrades in Mature Markets

November 10, 2024

| Africa, Energy|Business News

Independent Operators Drive Efforts to Extend Lifespan of Africa’s Mature Oil Fields Our Correspondent | Africa Guardian Independent operators are leading the charge to extend production in Africa’s mature oil markets, including Gabon, Equatorial Guinea, and Angola, through innovative technologies and targeted exploration. These initiatives were highlighted during the Upstream E&P Forum at African Energy Week: Invest in African…

Incentives Segment Sees Fastest Growth in Africa’s MICE Sector

October 10, 2024

By Charles Muchoki | Africa Guardian Africa’s MICE (Meetings, Incentives, Conferences, and Exhibitions) industry is set for remarkable growth, with the continent’s expansion rate projected to surpass that of regions like the Americas, Europe, and the Asia-Pacific. However, substantial efforts are still needed to fully realize this potential, according to the South African Convention Bureau, a business unit of…

How Guinness Exploits Masculinity in Africa to Boost Sales

September 25, 2024

| Business News

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…

Aliko Dangote Calls on African Business Leaders to Drive Continental Transformation

September 13, 2024

| Business News

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…

Strengthening Government-Business Collaboration Key to Economic Growth – Ramaphosa

August 28, 2024

Our Correspondent | Africa Guardian President Cyril Ramaphosa emphasized the importance of clear communication and active engagement between the government and business to build trust and ensure that policies reflect on-the-ground realities. Speaking at Business Unity South Africa’s (Busa) Annual General Meeting (AGM) on Wednesday, Ramaphosa reaffirmed the government’s commitment to partnering with Busa to drive economic growth. This…

African Energy: Making it work for everybody

August 19, 2024

By Luca Vignati Africa is a continent with a growing economy demanding sustainable development for its millions of inhabitants. This is particularly true as it is such a “young continent” in terms of population age. At the same time, the continent is blessed with multiple energy opportunities to fuel this transition phase – from oil to gas to renewables, such…

Toyota’s global sales, output hit record 5.6 million vehicles

October 30, 2023

| Internation Business News, News

April–September sales surged 8.3% year-on-year, thanks to strong demand and improved supply chains. Toyota Motor Corp’s global sales climbed 8.3% in April to September from a year earlier to a record 5,596,183 vehicles, putting the world’s biggest carmaker on track for another year of strong gains thanks to robust demand and improving supply conditions. Global production in the fiscal…

Ruto urges African leaders to accelerate realisation of AfCFTA agreement

October 28, 2023

President William Ruto has called on African leaders to accelerate the realisation of the Africa Continental Free Trade Area (AfCFTA) agreement. The President said AfCFTA will increase intra-Africa trade thereby creating jobs and wealth for the people. President Ruto noted that Visa restrictions between African countries and tariffs are unnecessary hindrances to trade. “It is time we realise the…

How business reforms attract more investors in Tanzania

October 19, 2023

TANZANIA’s Government is currently attracting more investors thanks to deliberate efforts to improve business environment. According to a Dubai-based Surfaces Furnishing Group Managing Director, Mr Rashid Yousif, the move has propel the flow of foreign direct investment to Tanzania. “Tanzania has simplified its business procedures, making it easy for investors to inject their capital in key and strategic investment…

Global Energy as a Service (EaaS) Market to Reach $72.62 Billion by 2023, Fueled by Increasing Renewable Energy Adoption

October 10, 2023

| Business Insight, Report

The global energy as a service (EaaS) market is poised for remarkable growth, with a projected valuation of US$72.62 billion by 2023, representing a robust compound annual growth rate (CAGR) of 8.95% during the forecast period. Energy as a service (EaaS) is a transformative solution that promotes the adoption of advanced, low-carbon technologies. Under this business model, customers can…

Global Africa Politics & Business: For Africa It Is The Best Of Times And The Worst Of Times.

September 17, 2023

Opinion by Staff • When thinking about the continent of Africa and the upcoming opening of the United Nations General Assembly (UNGA) in New York City, I was reminded of the famous opening to Charles Dickens’ novel, A Tale of Two Cities. “It was the best of times, it was the worst of times, it was the age of…

Sustainable business practices and profits: Why the two are not mutually exclusive

September 10, 2023

| Financials, News

Businesses across the world are under increased pressure from regulators and the civil society to adopt sustainable business practices to complement the global climate change mitigation efforts. Studies show that consumers are also becoming increasingly environmental conscious, seriously scrutinising the environmental impact of the products and services they consume and steering clear of businesses they deem ‘unsustainable’. This has…

Why technology integration matters in business growth

August 27, 2023

| Business Insight

Many small business proprietors cannot afford traditional storefronts and thus conduct their operations predominantly through their mobile phones Dar es Salaam. The digital era has ushered in transformative changes across various sectors, including the realm of business. In contrast to the business landscape of the analogue era, where entrepreneurs prioritised the strategic selection of physical business locations to attract…

Pakistan to double trade volumes with Tanzania

August 17, 2023

| Business News, PRIME

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…

10 best African countries for business: Forbes rankings unveiled

August 17, 2023

When it comes to economic vitality and opportunities for entrepreneurs, Africa offers a diverse landscape of business potential. Forbes has recently released its rankings for the Best African Countries for Business, providing insights into the most promising nations for investment, growth, and innovation. Let’s delve into the list and explore the standout performers: 1. Mauritius Mauritius takes the top…

Sh47 trillion carbon trading investment a boost for Tanzania

July 16, 2023

| Business News

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…

Iranian Official Highlights Opportunities in Africa for Bartering

July 16, 2023

| Business News

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…

Zanzibar to allow tourism businesses to obtain licenses throughout the year

July 16, 2023

| Africa Tourism, Latest travel news

According to ZCT Executive Secretary, Ms Hafsa Mbamba, the change will simplify the renewal process, eliminate administrative burdens, and allow businesses to operate without interruption. Dar es Salaam. The Zanzibar Commission for Tourism (ZCT) has made a change in the validity period of licences issued to tourism related businesses in the isles. With immediate effect, the shift to a…

His father exposed him to business at age 11, now he is Africa’s youngest billionaire

June 1, 2023

| Lifestyle News

CEO of Mohammed Enterprises Tanzania Limited (METL), Mohammed ‘Mo’ Dewji, is regarded as one of Africa’s youngest billionaires, presiding over a business with 150 product lines with an estimated revenue of $2.5B. The secret to his success began with his father giving him business lessons at the age of 11, as well as his exposure to the commerce industry…

Kenya revives push by African nations to ditch the dollar

May 30, 2023

Kenya’s President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the continent. Ruto has urged his peers in Africa to mobilise central and commercial banks to join Pan-African Payments and Settlement System (PAPSS) which was launched in January 2022….

Over 60% of technology professionals globally believe that sustainability is a crucial business priority

May 8, 2023

| Business Insight

According to an IDC InfoBrief, sponsored by Cisco Dubai, United Arab Emirates — As organizations worldwide focus on operationalizing their ESG plans, Cisco and IDC launched a new study, titled “The Role of Technology in Enabling Sustainability: A Global Survey of IT Professionals”. The survey, which sought to better understand the technology trends and best practices that impact sustainability success,…

Iran’s trade with Africa tops $1.2 billion in 11 months

April 19, 2023

| Internation Business News

South Africa with 605,097 tons worth $317.57 million was Iran’s main trade partner in the African continent during the period. It was followed by Mozambique with 394.3 tons worth $189.17 million and Ghana with 313,433 tons worth $164.65 million. Data released by the Islamic Republic of Iran Customs Administration show Iran exported 2.37 million tons of goods worth $1.15…

Forging new deal for TZ, SA

March 16, 2023

Source | Daily News PRESIDENT Samia Suluhu Hassan day arrived in Pretoria, South Africa for a two-day State visit at the invitation of South African President, Cyril Ramaphosa. The State visit will crown the second session of the South Africa-Tanzania Bi-National Commission (BNC). The commission comprises four committees –Political and Diplomatic; Defence and Security; Economic Affairs, and Social and…

Tanzania-US TRADE: Envoy touts mutual benefits

March 11, 2023

| Business, News

NEWLY appointed American Ambassador to Tanzania Michael Battle has listed his top priorities for promoting trade and investment between the two countries during his tenure in office. The former US Ambassador to the African Union said he would work with the government of Tanzania and its people to expand trade opportunities. According to him, all US ambassadors are responsible…

How to engage customers that are on a tight budget

January 5, 2023

| Marketing & Media

With inflation on the rise you are probably noticing how a little more of your salary goes into things like food and fuel every month. In fact, South Africa’s monthly inflation rate has consistently been above the upper limit of The Reserve Bank’s three to six percent target range since April this year, peaking at 7.8% in July. Those…

Rai family now controls half of Kenya’s sugar production

November 21, 2022

| Financials, News

The Rai family has extended its dominance in the sugar sector with the opening of the Naitiri factory, which has now pushed its share of sales to nearly half of the entire production. Data from the Sugar Directorate indicates that the four milling firms owned by billionaire Rai accounted for 45 percent of the total sugar sales in the…

United Kingdom to cut import taxes on products from Africa

August 25, 2022

Besides pursuing concrete investment projects and running joint business with local partners, the United Kingdom now plans to considerably cut taxes from around 99% of goods imported from Africa. At least after its historic UK-Africa Investment Summit held in January 2020, UK has increased its support for business on the continent – a step that aims at strengthening aspects…

Ethical chocolate business MIA set for industry first with Ghana production expansion

May 2, 2022

Ethically-founded Madagascan premium chocolate company MIA (Made In Africa) is delivering a claimed industry first in becoming the only bean-to-bar business operating in two countries within the region, under its ambitious plans expanding into Ghana, reports Neill Barston. As its owners explained to Confectionery Production, the move allows it to extend its impact and offer an additional unique range…