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apps4africa

African Tech Stars Poised For Global Breakout, Need Business Savvy

Apps4Africa has just announced the three winners of its 2012 competition, showcasing the best in African innovation. The winners, chosen from nearly 300 submissions, were Ffene, from Uganda, an app that helps small and medium businesses reduce administrative costs; SliceBiz, from Ghana, a crowdsourcing platform to encourage middle class Africans to invest small amounts in high-growth startups; and Prowork, [...]

African Economy

A Unified African Economy Could Have a 50-Year Impact

Sub-Saharan Africa can expect to see economic growth of 6.6% on average this year, predicts Donald Kaberuka, president of the African Development Bank (AfDB). “The dynamic is good, there are risks in the global environment, but providing there is no worsening in the situation we remain completely optimistic about the future,” Kaberuka said in an interview with the Guardian [...]

African Economy

Sub-Sahara Africa’s Economic Growth Projections Are Bullish

Sub-Saharan Africa, with numbers from powerhouse South Africa excluded, can expect economic growth of 6.6 percent on average this year, says African Development Bank President Donald Kaberuka. “The dynamic is good, there are risks in the global environment, but providing there is no worsening in the current situation we remain completely optimistic about the future,” [...]

Palms-Mall

With Huge Consumer Base, Africa Represents Growth for the West

A stronger Africa would mean a stronger world, economists believe, as business leaders look to develop stronger relationships with developing African nations. The ongoing Euro zone crisis has shown that western markets have reached a wall, with unemployment and failing currencies taking their toll. New trade partnerships with African governments looking to spread their resources [...]