Browsing: African digital businesses

Africa dependency for supply of crucial needs like food must be changed through diversification of sources and investing in its own regional specialization for production of goods and services.

The future of Africa should be where the EAC produces this, while ECOWAS produces that and SADC produces…and so on and so forth, the regions must specialize and safety measures put in place to secure production and trade routes to protect against disruptions.

Global value chains have increased inter-connectivity and reliance on each other at a global scale, a reality that is been reversed by trade wars, actual wars pandemic threats and resulting friend shoring.

While the world is still very interconnected and value chains of the goods and services we consume web in and out of multiple countries, trade wars like United States and China, and actual wars like Russia and Ukraine are now deglobalizing the world village.

While there …

• Since its inception in 2017, ZACU has made rapid strides toward being one of the most successful internet streaming service providers in East Africa
• 19% of Rwandan households owned a TV in 2019, therefore the country’s 9.37 million mobile phone users make a considerably more viable business for digital content creators
• Canal + already serves consumers in both Anglophone and Francophone West Africa, and it already has 23.7 million members all over the world

As part of its strategy to further consolidate its position in East Africa, the French company Canal+ Group has announced that it will be purchasing ZACU TV, Rwanda’s first digital streaming platform.

After recent forays into film production in West Africa, this current endeavor indicates that the French media behemoth recognizes the untapped potential of independent film production in Africa as an attraction for the growing on-demand viewership across the continent.

The decision to expand into …

• New data now shows that over 40 per cent of Small and Medium Enterprises (SMEs) in Africa are earning more money than before the pandemic
• Mastercard indicates that 46 per cent of SMEs in Africa, Eastern Europe, and the Middle East have surpassed pre-pandemic levels
• Online business and international sales are key drivers, with seven in ten (71 per cent) recording above-global-average growth in online sales, while 77 per cent are planning to do more business internationally

Over 40 per cent of Small and Medium Enterprises (SMEs) in Africa are earning more money than before the pandemic.

New data by Mastercard indicates that 46 per cent of SMEs in Africa, Eastern Europe, and the Middle East have surpassed pre-pandemic levels.

According to the Borderless Payments Report, online business and international sales are key drivers, with seven in ten (71 per cent) recording above-global-average growth in online sales, while 77 per …