The emergence of fintech players has only marginally reduced the cost of remittances, an essential service. Nevertheless, this complex, highly regulated market continues to grow, despite ‘hand-to-hand’ cash transactions.
Business & development
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Nicole Sulu is the founder of the Makutano International Business Forum which, in mid-November, held its tenth edition in Kinshasa.
This Moroccan company, number one worldwide in plant nutrition solutions and phosphate fertilisers, is investing in compliance with ESG criteria with a sustainable development strategy that is a priority for Africa.
A growing number of African states, well beyond the restricted circle of black gold exporters, are creating these investment structures. Efficiently managed, these public savings vehicles are helping to diversify the economy and encourage innovation.
Driven by its Minister of Innovation, who's tech credentials speak for themselves, Nigeria plans to establish itself as a major hub in Africa. Here's the plan.
Africa is the continent with the smallest tax base. Given the rising debt, balanced taxation would offset the fluctuating revenues generated by natural resources. Kenya's recent Finance Bill riots brought to light just how difficult this process can be. And the need for fairness in favour of the lowest earners.
Canal+’s acquisition of the South African parent company of DStv and Showmax will allow the French audiovisual group to create a behemoth with 50 million subscribers, of which 30 million are in Africa. This is good news for African audiovisual production.
By 2030, Africa will be producing half a million tonnes of "white gold", which is twelve times more than it does currently. Producer countries are looking to locally refine this "white gold", which is the linchpin of our energy transition, to carve out a niche for themselves in a highly strategic value chain.
The objective is to become fully involved in promoting sustainable human development, both in Morocco and in the regions of the global South, through skills development and knowledge sharing.