Digitization, innovation and adoption curves in Africa. So far, the data suggests that Africa isn’t even really digitizing. Africa has several hundred million mobile phones, of which a few are smart and now have data plans, but beyond that, it is hard to make the assertion that Africa is digitizing.
Kerry meets Buhari. Kerry’s visit to Nigeria to meet Buhari is good, but segmenting the Northern Governors is in a way of advancing the divide, of which the North-South dichotomy has always been a problem.
Gaseous Africa. Sub-Saharan Africa holds the highest potential to become a “niche” market for liquefied natural gas to feed power plants as the world faces a growing surplus of the fuel, according to BMI research.
Soda tax in South Africa. Coca-Cola Beverages Africa, the bottling joint venture between the U.S. soft-drink maker and brewer SABMiller Plc, may close South African plants and see profit more than halve if the government pushes ahead with a proposed sugar tax.
Facebook partners She Leads to help African women. The world’s largest social network is supporting and sponsoring She Leads Africa, an African enterprise and women’s business-focused movement founded by Yasmin Belo-Osagie and Afua Osei.
Healthcare innovation in Africa. Around the globe, disruption, innovation, and the rapid pace of technological development is reshaping consumer experience, as well as the operating environment for organisations of all sizes and within every industry. The healthcare industry is no exception.
Rand, Gordhan and Zuma. South Africa’s rand fell to its weakest level against the dollar in three weeks after the Daily Maverick said a police unit had ordered Finance Minister Pravin Gordhan to report to its offices on Thursday, raising concern the National Treasury chief may be replaced.
Shoprite is spreading its wings beyond Africa. Shoprite Holdings Ltd. would consider expanding outside Africa as the continent’s largest food retailer seeks additional fast-growing markets, Chief Executive Officer Whitey Basson said.
Atlas Mara to cut jobs. Atlas Mara Ltd., the African banking group co-founded by former Barclays Plc Chief Executive Officer Bob Diamond, said it will cut jobs and costs after first-half expenses outpaced revenue growth and profit declined 71 percent.
Kobi the fraud. The former chief executive of Comverse Technology Inc. who hid in Africa for a decade pleaded guilty to backdating stock options and was jailed immediately by a U.S. judge who said the defendant’s intelligence and guile meant he couldn’t be trusted to return to court.