Friday, February 27, 2015: Top 10 Business & Finance Must Reads


1. E-commerce Is Changing the Way African Consumers Think and Act

"The rise of e-commerce in Africa is changing the face of the traditional consumer, and brands need to adapt their business models and strategies in order to remain relevant amongst consumers and avoid a drop in market share. African consumers are increasingly searching online platforms with commercial intent, which include querying prices of goods, and researching where products or services can be purchased."
Source: Ventures Africa

2. McKinsey Global Institute Interview: Minister Ngozi Okonjo-Iweala

McKinsey Global Institute recently sat down with Nigeria’s finance minister, Ngozi Okonjo-Iweala. In her interview, Okonjo-Iweala explains technology, agriculture, and infrastructure needs will hurt the continent's ability to produce sustainable global growth.

 
Source: Africa.com

3. Ghana Secures $1bn IMF Loan in Bid to Revive Economy

Learn more about the IMF's recent deal with Ghana to finance a loan. The country's economy troubled economy had been "expanding at about 8% annually on the back of gold, cocoa and oil exports," but the "growth fell to 4.2 percent in 2014 as commodity prices fell and the currency depreciated."

Source: BBC

4. Nigeria-Rwanda: A Big Brother, Little Brother Affair

Find out how Nigeria and Rwanda have a strong economic relationship. Rwanda is one of the fastest-growing economies in the world.
Source: The Africa Report

5. I Had A Farm in Africa

"Mr. Zuma’s flagship policy in the face of a slowing economy and rising unemployment is to ban the foreign ownership of farmland. When first announced in parliament it drew loud applause, cheers and whistling from members of the ruling African National Congress (ANC)."  
Source: The Economist

6. African Nations Face Dilemma Over Digital Switch

The UN's International Telecommunication Union (ITU) has set a deadline of June 17 for television programs to be transmitted only digitally. A few African countries have had a difficult time making this transition.
Source: DW

7. The Problem with South Africa's 2015 Budget

Why this chief strategist called the recently announced South African national budget “dull”.  and says its "predictability" is exactly what investors, businesses and citizens hope for policy makers.
Source: CNBC Africa

8. Most Fund-Seeking African Entrepreneurs are Farmers

Believe it or not, most of the aspiring entrepreneurs interested in Tony Elumelu Entrepreneurship Programme(TEEP)'s groundbreaking program are exploring the Agricultural sector. Find out why.
Source: Ventures Africa

9. Are eLearning Startups Nigeria’s Best Hope For a New Wave of Innovation?

Why Nigerian startups focusing on the educational sector, lowering high cost of quality education and widespread failure in local and regional examinations are inspiring innovation.
Source: Venture Burn

10. World Bank Seeks $500 Million For African Weather Services

"The World Bank is working with other development finance institutions to raise some $500 million to modernize weather and flood forecasting services in Africa."
Source: Business Insider