insert_link Africa NBA Africa-Africell collaboration points to the growing influence of private sector in Africa sport By Bonface Orucho, via bird story agency The recent unveiling of a new indoor basketball court by NBA Africa and Angolan telecoms company Africell is another example of how private sector partnerships are helping to fast-forward sports development across Africa, while governments are missing the opportunity, according to a Nigerian sports analyst. Sports and entertainment expert Adedamilola Adedotun, lead sports strategist at The Temple in Nigeria, […] todayApril 17, 2024 17
insert_link Africa Volvo’s e-truck rental program is a milestone for Africa’s e-mobility quest By Bonface Orucho, bird story agency Swedish automaker Volvo has introduced an electric truck rental program under the Equipment-as-a-Service (EaaS) model in South Africa in a move that could cut huge emissions from the transport sector. The company also intended the service to democratise access to eco-friendly transport solutions in Africa. “The intention is to bring down the “barrier to entry” for those with the environmental ambition to […] todayApril 17, 2024 26
insert_link Africa A decade after the kidnapping of the Chibok girls in Nigeria, what has the #BringBackOurGirls movement achieved? By Temitope Oriola, University of Alberta In April 2014, the terrorist organization Boko Haram kidnapped 276 high school girls in Chibok, a town in northeast Nigeria. About 57 of the girls managed to escape on the night of their capture. Boko Haram had demonstrated its intentions regarding the education of girls and young women prior to the mass kidnapping — two months before the Chibok kidnapping, Boko Haram […] todayApril 17, 2024 9
insert_link Africa Kenya’s shilling is gaining value, but don’t expect it to last – expert By Odongo Kodongo, University of the Witwatersrand Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political discontent. More than a year later, the Central Bank of Kenya, taking its cue from the International Monetary Fund, said that the run on the shilling was a market correction for a […] todayApril 17, 2024 8
insert_link Africa African countries start business classification to shore up green investment By Conrad Onyango, bird story agency Kenya has joined South Africa and Rwanda in offering a "green investment" handbook as African countries race to close a huge climate financing gap. The draft Kenya Green Finance Taxonomy (KGFT), published by the Central Bank of Kenya (CBK) in mid-April, is expected to help position the country for green funds and make the investment climate more attractive. Targeting banks, […] todayApril 17, 2024 17
insert_link Africa Impact of AI, hybrid work top HR challenges in 2024 Navigating the impact of artificial intelligence and hybrid work models will be the top challenges affecting the role of HR professionals in 2024. These were the main points emerging from the HR Connect event held today, hosted by SAP at the Maslow Hotel in Johannesburg. Kholiwe Makhohliso, Managing Director for Southern Africa at SAP, says business and HR leaders are grappling with the complexities of a new […] todayApril 17, 2024 10
insert_link Africa Africa’s millionaire population expected to increase by 65% There is USD 2.5 trillion in total investable wealth currently held on the African continent, and its millionaire population is set to rise by 65% over the next 10 years. This is according to the 2024 Africa Wealth Report, published by Henley & Partners and wealth intelligence company New World Wealth. In its 9th edition, the latest report reveals that there are currently 135,200 high-net-worth individuals with a liquid investable […] todayApril 16, 2024 3
insert_link Africa Ethiopia looks to the Singapore model to lure startups in sweeping new reforms By Seth Onyango, bird story agency Ethiopia has unveiled sweeping reforms to support a burgeoning startup industry and turn the country into a leading incubator of entrepreneurs. Notable changes include slashing a 30% capital-gains tax on the transfer and issuance of shares, according to Brook Taye, Director-General of the Ethiopian Capital Market Authority. The move, combined with an allowance for startups to retain all foreign currency […] todayApril 16, 2024 4
insert_link Africa bird TenX: African countries with the highest number of EVs By Bonface Orucho, bird story agency Despite recent headwinds, a growing shift from gasoline-powered vehicles to electric vehicles continues apace in Africa. Last year, the global sale of fully electric and plug-in hybrid vehicles rose by 31% compared to 2022, according to a 2024 report by market research firm Rho Motion. Despite the high cost of conversion and a lack of adequate enabling infrastructure such as […] todayApril 16, 2024 34
