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Africa’s Beauty brands primped for profit

East Africa economic news, East Africa Social Issues, Economic news, Social Issues /

East Africa is one of the fastest-growing markets for beauty products and as tastes get more discerning local and international companies are cashing in. With East Africa’s middle classes developing a taste for high-quality personal care and beauty products, international cosmetics companies like L’Oréal and homegrown ones like Kenya’s SuzieBeauty are rushing to cash in on this fast-growing market. […]

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Cloud Computing set for massive growth in SA & Kenya

East Africa technology news, Economic news, Southern Africa economic news, Southern Africa technology news, Technology News /

Rapidly expanding bandwidth capacities, following the landing of undersea cables, have led to the proliferation of data centres and established a solid platform for the development of cloud computing services in South Africa and Kenya. Enterprises are steadily embracing outsourcing and managed services for various business and technological benefits, further driving migration to cloud computing.

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Cote d’Ivoire: A turning point

Economic news, West Africa economic news /

The figures for economic growth are putting some swagger in Côte d’Ivoire’s stride, but business leaders and oppositionists say the hard work has not even begun. Big infrastructure projects are underway all over the country, although local companies are struggling to access credit. It appears like an mirage: on the way out of Yamoussoukro, a

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Tanzania: Mobile Phones Help Farmers Boost Yields

East Africa economic news, Economic news /

ANALYSIS: Subsistent farmers in rural Tanzania can now use mobile phones to access vital information that helps them increase their harvest. The service has helped bridge the information gap. Farmers in the remote village of Magole, located 288 km (179 miles) from Tanzania’s commercial capital Dar es Salaam, have been trying in vain to increase food

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Nigeria: China Indicates More Interest in Nigeria’s Oil, Gas

Economic news, West Africa economic news /

Mr Liu Kan, the Consul-General of the Consulate General of People’s Republic of China in Lagos, on Thursday expressed his country’s growing interest in Nigeria’s oil and gas industry. Liu told the News Agency of Nigeria (NAN) in Lagos that China would also depend on Nigeria to satisfy the demand of her increasing population for

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Kenya: Barclays Lights Up Kenya in Sh26 Million Solar Initiative

East Africa economic news, East Africa technology news, Economic news, Technology News /

Nairobi — Barclays Bank of Kenya (BBK) has invested Sh26 million in “Light up Kenya” an initiative aimed at moving more than 100,000 rural establishments to solar energy. The first phase of this initiative will be implemented in partnership with the Kenya Girl Guides Association. The project is benchmarked on statistics that indicate that only

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US-Africa relations: Nigeria is looking at other areas of exports

Economic news, West Africa economic news /

Sam Ohuabunwa, National President of the Nigerian-American Chamber of Commerce (NACC) says the US will show increasing presence in the Gulf of Guinea because it is a strategic area to protect, both in terms of trade and geopolitical stability.

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Egypt’s Qalaa backs East Africa’s railway line

East Africa economic news, Economic news, North Africa economic news /

The investment company formerly known as Citadel is putting more cash in Rift Valley Railways. Qalaa Holdings, the Egyptian investment fund previously known as Citadel Capital, may have a new name, but it has not lost its appetite despite some tough moments after the 2011 uprising.

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Black Women Find a Growing Business Opportunity: Care for Their Hair

Economic news /

Not much seems unusual about Judian and Kadeian Brown’s storefront in a tidy plaza off Church Avenue in Flatbush, Brooklyn, a neighborhood where every block seems to have its own African hair-braiding salon. Posters of African-American women with long, sleek hair fill the window. Round jars of shea butter belly up to slender boxes of

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Africa: AU Summit Approves Creation of African Monetary Fund

East Africa economic news, Economic news, North Africa economic news, Southern Africa economic news, The Africa Union, West Africa economic news /

The AU Commissioner for Economic Affairs, Anthony Maruping, told journalists in Malabo on Monday that the Fund would work to correct balances of payment positions across Africa. He said such positions were mainly caused by low export of commodities and high import volumes which exerted negative burden on currency stability. The AMF would be established

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