A new buyer strategy for African markets The 2027 edition will place expanding African market opportunities at the centre of its strategy, responding to research showing that 81% of exhibitors want greater access to local markets and opportunities to grow their businesses beyond their traditional customer base. “Africa represents a significant opportunity for businesses looking…
Affordability pressures and competition for household spending are likely to shape SA’s over-the-top video market growth. South Africa’s over-the-top (OTT) video market is forecast to grow more slowly than the markets in Kenya and Nigeria over the next five years, as SA’s entertainment and media industry continues shifting towards digital consumption. According to the PricewaterhouseCoopers…
The robotaxi market is expanding rapidly, but regulation, consumer acceptance and commercially-viable operating models remain key challenges. (Image created via Gemini) The global robotaxi fleet is forecast to grow from 6 500 vehicles at the end of 2025, to 1.53 million units by 2036, as driverless services expand into more markets. According to a new…
Nokuthula Mkhwane, MD of Aweh Mobile. Aweh Mobile has entered South Africa’s mobile market as the latest mobile virtual network operator (MVNO), targeting households with a service that lets them manage multiple SIMs through a single account. The operator, which officially launched yesterday, is positioning its offering around the way families share mobile connectivity, rather…
Airtel Money, a mobile payments business operating across Africa, has set a $7 billion valuation for its planned debut on the London stock market. The company, a unit of Airtel Africa, expects admission to trading on October 14. This move will allow existing shareholders to sell part of their holdings in one of the continent’s…
JPMorgan will launch a new benchmark for frontier-market local-currency government bonds by the end of September, giving African debt markets the largest regional weight. The GBI-EM Edge will track about $328 billion across 425 bonds in 26 countries and 24 currencies. African markets will account for about 44.5% of the index, compared with 31.5% for…
ATU Images | The Image Bank | Getty Images Sugar is getting a lot less sweet for buyers. Sugar prices surged 21.5% in August, marking its strongest monthly gain since October 2010, when it rose 24%. The United Nation’s Food and Agriculture Organization Food Price Index also rose in August amid broad-based increases, led by…
African stock markets are posting some of the strongest returns in the world this year, even as gold has fallen from its January peak and oil prices remain volatile. Data for selected African exchanges as of Sept. 2 show double-digit gains in many markets, led by Nigeria, Zimbabwe, Ghana and the BRVM regional exchange. Nigeria’s…
This picture shows signage of cross-border fast fashion e-commerce company SHEIN. Jade Gao | Afp | Getty Images Shares of Shein fell 8% in their trading debut in Hong Kong on Tuesday, after a tepid IPO that saw the fast-fashion giant’s valuation drop to nearly a quarter from its peak. The Singapore-headquartered, company sold about…
A teleprompter operator for President Donald Trump who made online prediction trades based on information from upcoming speeches has been ordered to pay $172,000, a federal agency said Friday night. Gabriel Perez used “material, nonpublic information” he obtained through his job to place “trades” on a prediction market, the Commodity Futures Trading Commission said in…
