Sub-Saharan Africa's rapidly rising middle class is a huge FMCG market in waiting, says Southern African FMCG entrepreneur Adam Molai...
Africa still holds huge potential for growth and investment, but in order for this to happen basic needs and services must be attended to first...
Telecommunications services provider, Airtel Nigeria has been ranked the best operator for good quality of service by the Nigerian Communications Commission (NCC) based on the Commission's Audit Report for March and April 2012.
11 May 2012
MTN Group recorded 170 573 000 subscribers at 31 March 2012. This is a 3,7% increase for the quarter from 164 501 000 subscribers recorded at 31 December 2011. The group delivered a satisfactory performance notwithstanding continued high levels of competition in key markets.
7 May 2012
The African Banker Awards has released the shortlist of nominees for the 2012 competition. The winners will be announced at an awards ceremony on 30 May 2012, which makes its debut in Africa. This year's event coincides with the annual African Development Bank (AfDB) meetings in Arusha, Tanzania
24 Apr 2012
Visa recently appointed PocketMedia Solutions' Z-Card to communicate important information about its Visa Debit Card in Kenya, Nigeria and Ghana.
23 Apr 2012
Huawei Mobile, a global information communications technology firm, has disclosed its plan of introducing six new smartphones to the Nigerian market.
18 Apr 2012
Telecommunications services provider, Airtel Nigeria scooped three awards for its outstanding performance as the 23rd edition of the Enugu International Trade Fair which recently took place in the Enugu State, Nigeria.
16 Apr 2012
Oresti Patricios, CEO of Ornico urges local markets not to be blinded by the US hype, but to remember that Africa should feature foremost as a source of the local industry's inspiration, research and advertising insights.
3 Apr 2012
According to the recent KPMG Consumers & Convergence Report, South African consumers and businesses are comparing favourably to the rest of the world when it comes to adopting new technologies and using social media.
29 Mar 2012
Montgomery West Africa have announced the launch of PROPAK West Africa, an event focusing on the emerging West African packaging industry, which is set to take place from 4-6 September 2012 at the EKO Hotel and Conference Centre in Lagos, Nigeria.
15 Mar 2012
e-Banking services in Nigeria is set to witness a shift as FirstBank of Nigeria Plc (FirstBank) and Airtel Networks Limited have agreed to combine their strengths to provide mobile money services to millions of Nigerians.
20 Feb 2012
In the Federal High Court of Nigeria, the honorable Justice Shuaib, handed down judgment in the matter between Econet Wireless Ltd (EWL) vs. Bharti Airtel Nigeria Limited. Bharti Airtel has since issued a statement to the media.
30 Jan 2012
Providers of data security products, Unistal Systems Pvt. Ltd, has launched the new version of Protegent360 for laptop and desktop users. The company has announced the enhanced security features in the latest edition, which is essential for contemporary needs. The product will be sold by Hallmark Solution Warehouse Ltd in Nigeria.
5 Jan 2012
At an inauguration ceremony held last week, L'Oréal opened its new subsidiary in Kenya, which will be the hub for expanding the group's activities in East Africa, a region which also includes Uganda, Tanzania, Rwanda, Burundi and Ethiopia. The group's subsidiary in Nigeria opened in September.
12 Dec 2011
In an important process which started three years ago, the first round of negotiations to establish a free trade area (FTA) covering 27 countries in Southern and East Africa will kick off on Thursday, 8 December 2011, in Nairobi. This promises to be an important instrument for the future of trade and industrialisation in Africa.
7 Dec 2011
Cadbury Nigeria Plc (CADBURY), a manufacturer of drinks and food products, forecast a 60% increase in net income to 339.2 million naira (US$2 million) for the first quarter.
Vincent Nwanma 7 Dec 2011
W.AFRI-TEL, the West African Telecom Exhibition, which takes place from 8-10 May 2012 at the Eko Hotel fair ground in Lagos, Nigeria, will facilitate business opportunities in the telecom sector, enabling exhibitors to gain access to the Nigerian telecom market that contains over 80 million mobile subscribers.
17 Nov 2011
NEW YORK, US: Global online consumer confidence fell for the seventh consecutive quarter as confidence in 31 of 56 global markets measured declined, according to from Nielsen, a leading global provider of insights and analytics into what consumers watch and buy.
9 Nov 2011
LONDON, UK: Africa has become the second most connected region in the world in terms of mobile subscription count, up from fourth place at the end of 2010, according to new research by Informa Telecoms & Media, and the number of mobile subscriptions in Africa is expected to reach one billion in 2016.
4 Nov 2011
MIH Internet Holdings Ltd, on Monday 24 October 2011, announced that it has closed down the Kalahari Kenya and Kalahari Nigeria operations with immediate effect, following a strategic review of its investment properties.
26 Oct 2011
The words, "Aint no mountain high enough" from the popular song has become the anthem to 100 000 employees at DHL Express as they launch their latest global advertising campaign, The International Specialists, across markets in Africa. [video]
20 Oct 2011
The African Banker Awards have released the shortlist of nominees for the 2011 competition. The winners will be announced at the awards ceremony on the 23rd September in Washington DC, during the World Bank/IMF meetings.
26 Aug 2011
XLink Communications (XLink) recently partnered with Gateway Business Africa, the pan-African corporate telecommunications provider, to deliver connectivity services to African credit card machines and their respective banks, using the GSM network.
26 Aug 2011
According to a survey published in the latest edition of Mediafacts 2010, an annual publication of MediaReach OMD, a media independent agency in Nigeria, a total of N97.549 billion was invested in outdoor advertising (above the line advertising activities).
8 Aug 2011
LONDON: Speaking at Standard Bank's African Investors Conference, Lamido Sanusi, governor of the Central Bank of Nigeria announced that the one-year restriction associated with the holding period of the Certificate of Capital Importation (CCI) in the fixed income market will be lifted on the 1 July 2011.
27 Jun 2011
CAPE TOWN: The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, trade and industry minister Rob Davies said on Monday, 13 June 2011.
14 Jun 2011
Blue Label Telecoms said on Monday (13 June 2011) that it has decided to terminate its business activities in Nigeria. Blue Label has an effective 36.72% stake in Africa Prepaid Services Nigeria through its 72% shareholding in Africa Prepaid Services.
13 Jun 2011
A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed.
Herman Manson: @marklives 12 May 2011
Consumer confidence in Nigeria and Kenya - two of Africa's leading economies - has significantly increased in the past six months, while Morocco experienced a slight decline and Egypt's index recorded a level below 50, a MasterCard Worldwide Index of Consumer Confidence released last week in Johannesburg has revealed.
Issa Sikiti da Silva 31 Jan 2011