Friday, April 24: Top 10 Business & Finance News Must Reads
1. Competing Smarter: Assessing the Report from the President’s Advisory Council on Doing Business in Africa
Brookings takes a deeper look at the recently published recommendations made by the President's Advisory Council on Doing Business in Africa. Why this Africa expert says the report is "a welcome addition to the increasingly useful policy debate on how to increase economic ties between the U.S. and Africa."
2. Fallout From Attacks on Foreigners Spreads to South African Businesses
"It’s been a rough week for South African businesses across the continent. Some have become the target of protests and boycotts in the aftermath of the anti-foreigner violence, while others have suspended their operations and evacuated staff for fear of retaliatory attacks."
Source: Globe and Mail
3. Tourism Industry on the Verge of Collapse, Officials Warn
The Kenya Association of Hotel Keepers and Caterers says 30,000 to 40,000 staff set to lose their jobs by the end of April. Why? A steady decline in recent travel numbers for the East African country.
Source: Nation Kenya
4. Why the Global Economy is Slowing Down
"Global growth has been pegged at 3.5 percent, a rather moderate increase from last year’s 3.4 percent. This, economic experts say is the result of growth in advanced economies and contractions in emerging ones."
Source: Ventures Africa
5. Report: Digital Poverty Slows Economic Growth
Why the World Economic Forum believes the “full economic and social benefits of the internet are only available to a minority of the world’s population.”
Source: Voice of America
6. Libya's People Smugglers: Inside the Trade that Sells Refugees Hopes of a Better Life
A look inside the lives and businesses of migrant smugglers. A Guardian reporter exposes the "shady profits, refugees’ dangerous treks across the Sahara, [and] how migrants often steer the boats."
Source: The Guardian
7. What are the Biggest Challenges Facing Start-ups in Africa?
This writer details why competition and sudden change (to name just a few) have made the continent a challenging yet rewarding environment.
Source: IT News Africa
8. Big Business Potential in East Africa’s Smaller Cities and Towns
While capital cities such as Nairobi and Lagos are listed as hot spots for invesment, here are some smaller towns that should get your attention too.
Source: How We Made It In Africa
9. Promoting Financial Inclusion to Achieve Universal Access by 2020
Source: CNBC Africa
10. Super-Rich Africans Splash Out Big Bucks for Luxury London Homes
A look at the lavish homes of Africa's rich in the UK.