Category archives for: Business

Kenya Airways Seeks to Run Main Nairobi Airport to Boost Earnings

by DUNCAN MIRIRI In 2018, about $40 billion will be Kenya Airways (KQNA.NR) is close to winning approval to run the country’s main airport in Nairobi, looking to copy a model that has enabled rivals to overtake it, its chairman said on Monday. Michael Joseph said the loss-making airline had proposed forming a special purpose vehicle with state-run Kenya Airports Authority (KAA) allowing the […]

Africa Used-Car ‘dumping ground’ Puts Motor Industry at Risk

by DAVID FURLONGER The West used coal to power its Africa will never develop a sustainable motor industry as long as it remains a “dumping ground for substandard cars”, says Martyn Davies, head of the African automotive division at business consultancy Deloitte. Car sales across most of Africa are dominated by cheap used vehicles from northern hemisphere countries. SA is almost alone in sub-Saharan Africa […]

Industrialisation the Pathway to Prosperity for Africa

by SIPHELELE DLUDLA Afreximbank, the prime Export-Import African bank, has said that the intra-Africa trade fair set to be held in Egypt later in December will be an opportunity for the continent to industrialise. Kanayo Awani, managing director of Intra-African trade initiative at Afreximbank, said that one of the aims of the trade fair is to deal with failing industrial and manufacturing growth in the […]

Ethiopian Airlines Revises its 15-Year Strategic Plan

Ethiopian Airlines has announced plans to revise its ambitious 15-year strategic plan from 2010, which called for the airline to become the largest carrier in Africa by 2025. While the airline’s initial plan outlined a strategy to more than double its fleet to 120 aircraft within the review period, Ethiopian Airlines has already fast approached a fleet of 100 planes at the half-way mark. […]

Ghanaian entrepreneur poised to make waves in cosmetics products

by KOFI AYIM Isaac Kusi has known the benefits of shea butter for a very long time in his native Ghana. He also knew that the thick paste of shea butter commonly found in northern Ghana would assume international status within a matter of years. In 1988 he started to import finished products of shea butter from Germany and distributed them to select outlets […]

In East Africa, Uber and its rivals are fighting over drivers rather than passengers

by Abdi Latif Dahir Last month, the Estonian ridesharing platform Taxify, revealed it was launching in the Ugandan capital city, Kampala. What’s interesting about the company’s launch there is that it’s equally focused on marketing the promise of lower prices for riders as it is on taking lower commission fees from drivers: 15% instead of […]

Ghana ranks high in investor confidence – US Chamber of Commerce report

The US-Africa Business Centre has released its maiden In- vestor Confidence Indicator for Africa (ICIFA) in Washington, ranking Ghana among the best countries in Africa in terms of convenience of doing business. Ghana’s overall score was 59.4 per cent which placed it in the first quartile of overall performers in Africa. The report, which was […]

China pledges US$15B to Ghana’s development agenda

China has pledged some $15 billion dollars to fund Ghana’s government’s massive economic transformation agenda, with the likelihood that a further four billion dol- lars would be committed for various development projects across the country. The commitment by the Chinese is based on a financing module presented by the government of Ghana, seeking for partnerships […]

Africa’s rise in digital revolution

By Eleni Mourdoukoutas When the world was changing from mechanical and analogue technology to digital electronics four decades ago, Africa was nowhere on the scene. Fast-forward to the present, and Africa has largely been able to catch up with other regions in mobile phone use and Internet access, successfully sidestepping the era of desktop computers […]

Dream Big – Ken Ofori Atta

by Kofi Ayim Ghanaian and non-Ghanaian prospective investors defied a rainy and inclement day and thronged the Ghana Mission/Consulate in New York City on the evening of Tuesday, April 25 to meet with a high powered Ghana government delegation to explore and exploit business opportunities in Ghana. In a keynote address, Mr. Ken Ofori Atta, […]