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BUSINESS & DEVELOPMENT

How African designers are championing sustainable fashion

Across the globe, Africa is putting its spin on the fashion industry. Major fashion markets like Berlin are embracing African fashion, art and culture, and locally, the apparel market is worth USD$31 billion, according to estimates by Euromonitor International. While the African fashion retail industry remains in its infant stages, there has been notable progress in recent years as the industry embraces …

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Nigeria looking up to its Diaspora for post-Covid recovery – Abike Dabiri-Erewa

The Nigerians in Diaspora Commission (NiDCOM) has expressed optimism that the Nigerians in Diaspora Investment Summit (NDIS), which began on Friday, would be a platform for diaspora investors, partners, collaborators to interact with government agencies, in a direct round table, for mutual benefit. NiDCOM’s CEO/Chairman, Abike Dabiri-Erewa, said this at the opening ceremony of the third edition of NDIS, holding …

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Group presents plan to revive German-Africa trade post-Covid

In view of the negative impact of the Covid-19 pandemic on international trade, a group representing German companies doing business with Africa has warned that the Corona crisis could reverse the continent’s economic successes of the past decade if counter measures are not taken. It’s calling on the German government to take concrete steps to stabilise German-African economic relations in …

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G-PAD 2020: Creating more opportunities for African youths post-Covid

The coronavirus pandemic is dealing a heavy blow to economies across the world with unemployment, especially among youths, soaring in most countries.  African youths are the worse affected, considering the situation of the continent even before the outbreak of the global health crisis. For example, whereas about 12 million young Africans enter the labour market every year, only 3 million …

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Lead Academy: Application closes on 15 November, Apply now!!

An invitation has gone out to young people of African descent in Germany to participate in the Lead Academy 2020 via Zoom on 24-26 November. The event is organised by Lead Africa International e.V., a global non-governmental organization dealing with development issues. The three-day virtual event precedes the Global Partnership for African Development (G-PAD) 2020 Forum, with the theme Strengthening …

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Solar on the Rise in Africa – New report

Africa has immense potential for photovoltaics which has barely been utilized up until now. But a pioneering spirit is spreading across the continent, with many countries paving the way for ambitious photovoltaics projects. This is the conclusion of the Intersolar Solarize Africa Market Report 2020, prepared by the Becquerel Institute and the German Solar Association (BSW-Solar) with support from Intersolar …

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Should a growing business hire employees or contractors?

Business is booming in Africa, tipped as a continent to watch in the coming years. This is principally because African economies have experienced an influx of foreign investment interest and an explosion of local entrepreneurship in recent years. From the continent commanding the spotlight on solar energy to the businesses propelling the ‘Made In Africa’ label across the globe, the business world …

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Young African professionals making it big in Germany

When the coronavirus pandemic spread in early 2020, economies around the world closed down and most people were relegated to remote work. But for the young African professionals taking part in the latest AFRIKA KOMMT! programme, the pandemic brought the additional challenge of being in a foreign country and taking part in a highly competitive programme. According to Ilka Wiskemann, …

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COVID-19: Opportunity for continental free trade to unlock Africa’s full potential

The African Continental Free Trade Area (AfCFTA) agreement was initially scheduled to enter into force in July 2020. As a result of the COVID-19 pandemic, the commencement of the implementation of the continental deal has been postponed until January 2021. NJ Ayuk*, international legal practitioner and founder of one of Africa’s most successful law chambers, explains why the global health …

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Why Kenyan Diaspora Startup Bill 2020 is weak in practice

After Senator Johnston Arthur Sakaja’s recent brush with the law over flouting Covid-19 restrictions, the legislator has got back to doing what legislators do best. Drafting bills. His latest brainchild is the Kenyan Diaspora Startup Bill 2020. The bill has good intent but is weak in practice, argues David Monda.  The Kenyan Startup Bill 2020 is an innovative bill that …

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Germany: Group campaigns for more jobs for Blacks in Berlin’s tech industry

Employees of African origin in Berlin’s tech companies have started a group to promote diversity in the sector. Called “Black in Tech Berlin”, the group networks and shares ideas to bring change in the industry, where Black people are underrepresented. It counts six hundred members and was founded by Kave Bulambo, who is originally from the DR Congo but grew …

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Germany: Business magazine for the African community launched

A new magazine, published bimonthly and bilingual in English and German to serve self-employed Africans in Germany, was launched at a colourful ceremony on Saturday in the western German city of Dortmund. The African Merchant (TAM) would support African entrepreneurship by focusing on opportunities and challenges of self-employment in Germany, Dr Rosalyn Dressman, publisher of the new magazine, said at …

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Kenya’s president woos French investors in Paris, signs major contracts

Kenya’s President Uhuru Kenyatta is currently on a visit to Paris to sign major agreements with French companies on water, infrastructure and energy and attend events to further Franco-Kenyan economic and political ties.. President Uhuru Kenyatta kicked off his 5-day official visit to France on Wednesday evening at Elysee Palace where he was received by his host, French President Emmanuel …

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Why Senegal’s President Macky Sall is right about African debt relief by NJ Ayuk

NJ Ayuk, founder of one of Africa’s most successful law chambers, supports the Senegalese leader's call on the G20 to help African countries balance their obligations to international creditors with their obligations to their own citizens in the face of the COVID-19 pandemic. He explains why debt relief is crucial to Africa's recovery from the economic fallout of the global health crisis

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What East Africa teaches rest of continent about economic growth – SAP boss

  As Africa starts its recovery efforts against the immense challenges caused by the Covid-19 pandemic, Pedro Guerreiro, Managing Director for Central Africa at SAP – the global leader in enterprise software,  takes a closer look at the continued economic success story of the East African region and argues why it is an example for how the rest of the …

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