$1.8trn space economy offers global growth prospects – WEF, McKinsey

Six industries being disrupted by 3D printing

  Africa’s $23bn space value by 2026 ready to liftoff 15 nations spend $4.71bn on 58 satellites; 105 for         launch in 2026 Top 10: South Africa, Nigeria, Egypt, Angola, Algeria, Ethiopia, Ghana, Kenya, Morocco, Libya Ben Eguzozie The Space economy is expanding, and is expected to be worth $1.8 trillion by […]

Rising business risks seen in developing economies due to climate change – Report

  Businesses in EM feeling impact of climate change Drought, extreme temperature top risks for African businesses Joy Agwunobi Climate change poses a significant threat to businesses and economies across the globe, and its impact is being felt the hardest by businesses in developing countries, according to the British International Investment’s Emerging Economies Climate Report. […]

Africa’s talent takes the spotlight in the RLSD Africa’s Talent Leather Design Showcase ’24

Business a.m. The Leather & Hide Council of America (L&HCA) and the Africa Leather and Leather Products Institute (ALLPI) have announced the commencement of the Real Leather. Stay Different. Africa’s Talent Leather Design Showcase 2024. The programme is aimed at celebrating and supporting the talented designers and artisans of Africa, showcasing their work and creating […]

20 Nigerian change-makers mark a new era for the continent at ALC graduation

Business a.m. Twenty Nigerian graduates of the African Leadership College (ALC) were recently honoured at the institution’s Asante Sana Day, a memorable ceremony that took place in Pamplemousses, Mauritius. The event was graced by dignitaries from across the African continent, including Prithvirajsing Roopun, the President of Mauritius, who was present to congratulate the graduates acknowledge […]

Africa’s share of global trade stuck at 2.9% despite AfCFTA  

Onome Amuge Despite the immense potential of the African market, the continent’s share of global trade has remained below three percent, with most of this activity centred on merchandise trade. This is in sharp contrast to the significant increase in global trade in services and highlights the need for African countries to deepen regional integration […]

Global turbulence clouds AfDB’s outlook on Africa 

AfDB commits $10b to unlock Africa’s agriculture potential

  Revises economic forecast to 3.4% in 2023 Onome Amuge   The African Development Bank (AfDB) has revised its short- to medium-term macroeconomic forecast for Africa for the years 2023 and 2024 downward to 3.4 percent and 3.8 percent, respectively, from the earlier estimates of 4.0 percent and 4.3 percent.   The revised forecasts take […]

MTN, Vodafone Groups plan entrance into Ethiopia’s untapped telecoms markets

  Charles Abuede   Africa’s telecommunications giant, the MTN Group and a syndicate led by Vodafone Group Plc have tendered for operation licenses in Ethiopia as the wireless service providers prepare to tap the largest telecoms market in the world. Brook Taye, an adviser of the country’s finance ministry revealed on Monday that it will […]