Finance

LAGOS (Capital Markets in Africa): When it comes to hotel development across Africa, Egypt and Marriott are the two phenomena to watch. This insight comes from this year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent. The survey, conducted by Lagos-based W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF), is based…

JOHANNESBURG (Capital Markets in Africa):– South Africa and Kenya are worlds apart in their embrace of information technology, but they have one thing in common: they jointly lead the African continent in having the biggest impact of cloud computing on customer experience across 7 major African markets. This was one of the most significant findings of the final results of the Cloud in Africa 2023 study released this month by World Wide Worx, with support…

Johannesburg, February, 20, 2023; While the African continent is confronted by its fair share of challenges, there remains a myriad of viable opportunities to capitalise on. Further, the robust and plentiful resources in the continent’s possession represent favourable gateways if proactively actioned. Access to energy: Achieving universal access to modern energy is a critical development challenge for African countries. Many outlying rural areas lack access to electricity owing to poor grid infrastructure and vast distances…

The workplace has undergone a major transition over the past three years, placing pressure on companies and organisations to relook at their office structure and workflows, as well as the tools they have in place to manage the challenges these changes present. Jed Hewson, CEO of 1Stream, Southern Africa’s leading CRM and contact centre technology provider, highlights four key challenges companies face as they head into 2023 – and the software solution that can help create an…

LONDON (Capital Markets in Africa) – The United Kingdom has announced a significant increase in its financial support to the poorest African countries that bear the brunt of climate change. Speaking alongside African leaders at COP27 in the Egyptian city of Sharm El Sheikh, British Foreign Secretary James Cleverly confirmed the UK will provide £200 million to the African Development Bank Group’s Climate Action Window, a new mechanism set up to channel climate finance to…