NewAfricaPride

Botswana was named the most attractive investment destination in Africa, according to the latest Africa Investment index for 2016 by Quantum Global’s independent research arm. Out of the 54 African countries that participated in the survey, Botswana took the first position followed by Morrocco in second spot, with Egypt third while the neighbouring South Africa took  fourth spot followed by Zambia. Other countries that made it in the top ten include Cote d’Ivoire, Algeria, Tanzania, Namibia and Burkina Faso respectively. “The annual research is aimed at providing investors in Africa with a guide to which countries and markets are most attractive for investment in the short to medium term. The multidimensional barometer was based on six clusters of factors namely growth factors, risk factors, liquidity factors, business environment factors, social capital factors and demographics,” read part of the report. Still on the same research, last year Botswana took the fift...

A picture says a thousand words and a painting sings a thousand words. Anouk (anouk.von.g on Instagram) shows a positive depiction of Africa with her drawing. On the drawing, the resources of each geographical region in Africa is shown, from the oil of Nigeria to the mines of South Africa. It just goes to show just how wealthy and equipped for greatness Africa is.

Ethiopian Airlines is somewhat of a mystery in an industry of African airlines with painfully weak prospects of growth. In 2015, the East African airline made more profit than all other African carriers . It’s phenomenal feats don’t stop there. The average growth rate in the industry, at 5 percent is dwarfed by the airlines average growth of 25% in the past seven years. Its revenue of $2.43 billion in 2016 served as further justification of its plans to expand its fleet and network to more than 90 international destinations across five continents. Its plans to generate $10 billion in annual revenue may certainly be realised sooner rather than later.  Referring to the airline career’s 15-year strategic plan , Vision 2025, CEO of Ethiopian Airlines Group, Tewelde Gebremariam stated, “In the last seven years Ethiopian Airlines Group has witnessed a very fast growth. The main success factor has been long term planning. The main driving factor of the vision was to become the le...

After having already made a $32 billion pledge to Africa over a five-year period at the last Tokyo International Conference on African Development, Japan’s decision to invest $30 billion in Africa over the coming years, could not have come at a better time. With dwindling oil revenues, other badly affected commodity prices, and several new conflicts, Japan’s contribution to African states may serve to provide greater balance to their economic climates. For African states to meet their economic potentials, infrastructure development is imperative. $10 billion of the investment will be used for the development of the continent’s electrical power, urban transport systems, roads and ports. The African Development Bank will play a key role in the execution of the investments. The remaining $20 billion will be utilised in Africa through Japan’s private sector. Japanese Prime Minister, Abe is confident that in Africa, “Japan can grow vigorously”.  It is clear that Japan has e...

News Website, Arabian Business, explores whether Ethiopia is ripe for investment. One must consider the notion, is there ever a right time to invest? Usually, they say that the best time to plant a tree was yesterday. Ironically, time will tell.

The infamous mobile money service, M-Pesa made another mark in the history books with its partnership with Western Union. The partnership will allow M-Pesa to scale its operations to a global stage. With just over a decade in the game, M-Pesa's recent move should come as no surprise. M-Pesa has been able to acquire subscribers in 10 nations in Africa. In Kenya alone, M-Pesa has over 100,000 agents, this is remarkably higher than the number of ATMs in the country. As M-Pesa expands, it will of course, have to consider regulatory challenges that come with such daring expansions in different geographical regions. On a global level, its competition is likely to vary, with technologies like blockchain looking to carry out similar exercises for scalability. Indeed, the future appears bright for M-Pesa. Their previous attempts at expansion were met with challenges but also learning opportunities which could be considered as preparation for a time such as this.