Stocks slid Friday after a slate of earnings beats from big banks fueled concerns that the Federal Reserve will raise interest rates at its next two meetings. Still, the major indices gained for the week. The Dow rose 400 points, or 1.2%. The S&P 500 gained 0.8% and the Nasdaq Composite advanced 0.3%. JPMorgan Chase…
South Africa’s mobile virtual network operator (MVNO) boom is having a positive impact on the health of the mobile telecommunications market by increasing competition and giving consumers wider choice. This is the view of Johan Nel, senior management consultant at technology industry research and advisory firm BMIT, who said the positive effects of MVNO competition…
An open-air market in Kinshasa, DRC The Democratic Republic of Congo (DRC), one of Africa’s largest and most populous nations, offers untapped export opportunities to firms in neighbouring countries, despite its long-standing challenges. There remains substantial potential to export goods to the DRC, according to Zambia-based entrepreneur Marion Peterson, co-founder of clean cooking solutions company…
Deepankar Rustagi, CEO of OmniRetail, at the Africa CEO Forum in Abidjan Over the past two decades, modern shopping malls and air-conditioned grocery stores have been popping up across Nigeria. Yet, this is not where most Nigerians shop. An estimated 90% of retail transactions still take place through informal channels – a vibrant ecosystem of…
