Against all odds: Egyptians want more luxury brands

Walking into City Stars’ phase two instantly feels like travelling abroad. From Michael Kors to Victoria’s Secret and Tory Burch, the entire floor is a line-up of the most luxurious brands in the world. Taking the current economic and political circumstances into consideration can make anyone assume that these stores hardly sell anything. The continuous Read More…

Posted In: Business In Africa, Business World,

Cameroon must roar: at a 7% minimum!

Cameroon has the resources for its industrialization and agricultural transformation. The economy’s current annual growth of 4.9% does not reflect the full potential that lies in the transformation of the riches of the country. The economy is relatively diversified with the exploitation of vast agricultural resources, forestry, mining and energy. Exports have been dominated by Read More…

Posted In: Business In Africa, Business World,

Africa’s mobile subscriptions soon to reach 1 bln mark

This is according to the latest Ericsson Mobility Report, which analyses mobile trends leveraging big data from live networks worldwide. The report stated that there were 26 million new subscriptions added in Q3 across Africa. It also predicted that by 2020, 90 per cent of the world’s population over six years old will have a Read More…

Posted In: Business In Africa, Business World,

The 2014 mobile marketing boom

With mobile usage booming, businesses need to start increasing spend on mobile advertising or risk being left out of the mobile revolution. “Mobile advertising is not a big component of total advertising in Africa but it’s really going to spur this year,” Yaron Assabi, founder of the Digital Solutions Group told CNBC Africa in an Read More…

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Tanzanians set for Africa’s first universal mobile money service

Customers in Tanzania’s Tigo Pesa are set to be the first in Africa to enjoy universal mobile services Tigo, a subsidiary of Millicom an international telecommunications and media company, announced that it had reached an agreement with Vodacom’s M-Pesa service. “With Tigo Pesa customers will now have Africa’s first universal mobile money exchange system. They Read More…

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Two Emerging Business opportunities in Cameroon/Africa

Due to importation ban   Laws and ways of doing things keep changing everywhere in the world thereby creating a series of new business opportunities. Only fast thinking and well organized entrepreneurs and companies can benefit from these subtle changes in a sustainable way. In Cameroon, there is no doubt that many people have heard Read More…

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Le marché de voiture d’occasion en Afrique

Used automobile market in Africa Entre 4 et 5 millions de voitures de seconde main arrivent chaque année en Afrique pour y être revendues. Un marché largement détenu par le secteur informel, mais que les distributeurs officiels commencent à convoiter. Pour doper les ventes de sa branche de distribution automobile, en baisse en 2014 – Read More…

Posted In: Business In Africa, Business World,

Business in Francophone Africa

Cameroon and Cote D’ivoire among the top 10 largest economies in Africa “Francophone Africa is just too important to ignore and makes up 17 per cent of the population of Africa,” Victor Lopes, economist for Sub-Saharan Africa at Standard Chartered Bank told CNBC Africa. He added that countries such as Cote D’voire and Cameroon are Read More…

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French-speaking West Africa’s largest economy

Ivory Coast Ivory Coast’s economy will expand by 7.9 percent this year and by an average of 7.6 percent in 2016 and 2017, the International Monetary Fund (IMF) said in a mission report issued on Monday. Ivory Coast, the world’s top cocoa grower and French-speaking West Africa’s largest economy, has seen a revival since the Read More…

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Retail commerce in Africa

Commerce de détail La grande distribution s’attaque aux consommateurs africains Carrefour prévoit d’implanter 100 magasins en Afrique d’ici 2024 Les faits – Le continent africain est plein de promesses pour les grands groupes internationaux de la distribution et des biens de consommation. A l’image du français Carrefour qui s’est allié aux sociétés CFAO et Majid Read More…

Posted In: Business In Africa, Business World,