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Bizafrik is the premium directory of businesses and business opportunities in Africa Bizafrik is the premium directory of business and businesses in Africa.

We help African businesses to do business with the World and the World with African Businesses. The Bizafrik platform offers information on businesses across African countries, country by country and on available resources, opportunities and potentials. Bizafrik is your eye on Africa and from Africa

09/09/2014

Manufacturing Indaba Expands With Provincial Roadshows & Executive Leader Dialogue
Matthew Staff - Leadership

The manufacturing industry continues to face tremendous challenges including a shrinking manufacturing base, supply chain challenges, human capital challenges and the threat of other emerging economies with their cheap labour continuing to impact the growth and prosperity of the South African manufacturing sector.

In addition, the second quarter of the 2014 Manufacturing Circle Survey paints a picture of downbeat business conditions in the manufacturing sector owing to factors such as industrial action in the platinum industry, weak consumer demand and elevated input costs.

The success of the South African economy depends on a strong and innovative manufacturing base, making initiatives such as Manufacturing Indaba all the more important into manifesting prosperity through production, science and innovation.

One of the key players in Manufacturing Indaba 2014 is Productivity SA, whose Executive Manager, Sello Mosai spoke to SABC News in recent months to discuss the radical overhaul in labour relations needed in South Africa to make the country more productive:

The Manufacturing Indaba will host a series of aligned engagements across South Africa annually building up to the October 2015 event, which include:

· The MI Executive Leader Dialogue (MIELD)
13th November 2014 at Emperors Palace
The Manufacturing Indaba Executive Leader Dialogue (MIELD) is 'by invitation only' to select CEOs and senior government officials. The event will take place for one full day in the form of a roundtable discussion and will cater for 80 executives. The purpose of the MIEL Dialogue is to unpack key issues facing business and to share these with government to encourage dialogue between government and business, whilst simultaneously aiding the manufacturing sector.

· Provincial Roadshows
Each roadshow will be hosted in a province with the support of...

Manufacturing Indaba Expands With Provincial Roadshows & Executive Leader Dialogue

05/08/2014

The time is ripe for investing in agriculture
by Sheree Hanna

The Co-founder of one of sub-Saharan Africa's leading agriculture investment companies explains why it could be a good harvest for agri-business investors
Africa’s agriculture sector offers investors an opportunity to reap rewards as many countries on the continent aim to transform the industry in a bid to meet the food needs of its rapidly growing populations.

Specialist investment houses such as Agrie-Vie, which is focused on the food and agribusiness value chain, is looking for opportunities across a wide range of sub-sectors.

These include: Food and beverage FMCG; Convenience foods, including fresh-packed and prepared foods; value-added dairy products such as yoghurts and cultured milk; Food logistics and agriculture inputs such as seeds, bio-friendly fertilisers and crop-protection.

In our Q&A session with Agri-Vie’s Co-founder and Managing Partner Herman Marais, he gives his candid views on why investors should be looking at the sector.

Q: What are the short-term as well as long term investment opportunities for Africa’s agriculture sector that food and agribusiness investors are able to take advantage of?

A: Sub-Saharan Africa is rapidly urbanising and will most likely result in the domestic demand for food products increasing by more than threefold over the next 15 years.

In addition, Sub-Saharan Africa is one of the few regions internationally where exponential increases in commodity and food production can take place through the introduction of productive agricultural practices and increasing food manufacturing capacity.

Q: Why are investors looking to invest in these investment opportunities? What types of returns can investors expect?

A: Investors in well-managed businesses and projects, which combine primary agriculture with processing and distribution, can expect to earn risk-adjusted returns in excess of what is typically generated in other markets.

This will result in...

Follow @ ShereeHanna Follow @ AfricaBizReview Africa’s agriculture sector offers investors an opportunity to reap rewards as many countries on the...

01/08/2014

Actis attracts new investors into Uganda
by Sheree Hanna

Shares in Uganda's largest electricity distributor Umeme have been sold by Actis to more than 20 new and existing blue-chip institutional investors.
Actis, the pan-emerging markets private equity firm, has announced the successful sale of a substantial stake of Uganda’s largest electricity distributor, Umeme Ltd for US$85.5 million.

The shares were bought by more than 20 new and existing blue-chip institutional investors in a heavily oversubscribed secondary offer through the Uganda Securities Exchange (USE) and the Nairobi Stock Exchange (NSE).

Investec Asset Management and Uganda’s National Social Security Fund (NSSF) join Actis as cornerstone institutional shareholders in Umeme.

Actis will shortly make additional shares available to local retail investors and to Umeme’s directors and management team, retaining a significant minority stake for at least two years.

This transaction is the largest secondary block trade to date on the USE. The trade follows on from Umeme’s recent landmark IPO, cross-listing on NSE and US$190m corporate financing.

David Grylls, Partner at Actis, said: “We are delighted to be deepening the capital pool into Uganda and broadening the institutional shareholders of Umeme, to continue the next phase of growth. That growth is indicative of Uganda’s powerful macroeconomic story.”

Eng. Kabagambe Kalisa, the Permanent Secretary in the Ministry of Energy and Mineral Development, said: “By divesting the Umeme shares to such credible investors, Actis is further enhancing the energy sector.

“These investors are welcome to Uganda and to look at additional investment opportunities in the sector and beyond.”

Since Actis invested in Umeme in 2005, the Company has invested more than US$ 224m in modernising its distribution system. By the end of 2013, Umeme had increased its customer base from 250,000 to 584,000 customers and it now directly employs over 1,300 staff.

by Sheree...

Follow @ ShereeHanna Follow @ AfricaBizReview Actis, the pan-emerging markets private equity firm, has announced the successful sale of a...

01/08/2014

MasterCard wins African Banker Award for Financial Inclusion
by Sheree Hanna
The presgitious award was handed over at a ceremony held in Kigali, Rwanda, and recognises Mastercard's efforts at delivering financial products and services to broad segments of society.

MasterCard has won the Award for Financial Inclusion at the 2014 African Banker Awards, in recognition of its far-reaching achievements in extending financial inclusion across Africa.

The Award recognises MasterCard as the company that best succeeded in delivering financial products and services to broad segments of society, thus contributing to financial inclusion, development and growth.

Daniel Monehin, Division President, Sub-Saharan Africa, MasterCard, who accepted the award at a ceremony in Kigali, Rwanda, said: “Less than a quarter of adults in Africa have a bank account or banking product with a formal financial institution, so making financial inclusion a reality is central to our work in Africa.

“Financial inclusion is essential to ensuring that economic growth across the continent is inclusive and sustained, benefiting individuals, merchants and governments.

“We would like to see all of Africa’s economies successfully integrated into the global financial system.”

The judges of the Awards noted the efforts by MasterCard to introduce electronic payments to various African markets, leading to positive social and economic impact.

Local citizens have received access to safe and secure means of transacting, while companies were enabled to conduct their businesses beyond the constraining and risky cash environment.

MasterCard has implemented several programs on the continent, which have visibly moved the financial inclusion needle in many African countries

Key to MasterCard business strategy is a collaborative approach with a multitude of public and private partners, including governments, telcos, merchants, financial institutions, technology providers, and NGOs to deliver affordable and...

Follow @ ShereeHanna Follow @ AfricaBizReview MasterCard has won the Award for Financial Inclusion at the 2014 African Banker Awards, in...

01/08/2014

Stakeholders chart new course for outdoor advertising

Though the maiden edition of the African Outdoor Advertising Conference and Exhibition, organised by the Lagos State Signage and Advertising Agency (LASAA) has come and gone, not a few, however, believe that the just-concluded three-day event would go down as one of the high moments in the nation’s outdoor advertising space this year.

For instance, besides providing a platform for stakeholders to vent their views on issues affecting the industry, it was also an opportunity for them to come up with a common front with a view to surmounting challenges facing the industry.

The Managing Director, LASAA, Mr George Noah, argued for the sector to fully harness its huge potential, stakeholders must be ready to work together and come up with innovative and creative approaches in dealing with challenges confronting the sector.
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He identified loss of market share to other advertising media, including electronic and online platforms, wrong perception of the public about the intent of regulators, activities of charlatans and indiscriminate pasting of posters as some of the challenges presently facing the sector.

The LASAA boss stated that the signage agency had put together price incentives as well as new innovations such as the water projection digital display sign in Africa, with a view to spur growth in the sector.

He also hinted on plans to designate certain areas in Lagos as sites approved specifically for pasting posters

Quantifying the value of the outdoor sector in Lagos, Noah said it accounts for an annual turnover of N50 billion.

According to him, Lagos accounts for about 60 percent of the nation’s out-of-home advertising industry with 146 registered out-of-home advertising companies, being the commercial nerve center of the nation.

“So far, it has also employed not less than 100,000 people in various advertising and signage companies and regulatory agencies,” he stated.

In his paper...

Though the maiden edition of the African Outdoor Advertising Conference and Exhibition, organised by the Lagos State Signage and Advertising Agency...

25/07/2014

How to Calculate the Percentage of Return on Advertising

The core purpose of any business is to make money, so when a business spends money, the business expects to make more money(profits) in return. Advertising is exactly the same. A business spends money on advertising with the expectations that the advertisements will bring in enough money to pay for themselves to keep running. The return on investment on any advert is just a matter of knowing the cost of advertisement and the extra money it brought in to the business through more sales. In this article, Business-Matter.com shows you how the 3 ways to calculate the percentage of return on advertising

Here are
1. First of all sum up the total cost of the advertisement, including the cost of creating it and the cost of publishing it. For example, you may have spent N100,000 to have your ad created, and N900,000 to place it in a magazine(E.g. Business-Matter.com Magazine)

Step 2
Calculate the extra profit by multiplying the profit of each item by the number sold through the advertisement. For example, if you are selling products that profit N5000 per sale, and the advertisement brings in 1,000 extra customers who all buy one product each, then you would multiply N5000 x 1,000 customers = N5,000,000.
Step 3
Find the percentage of return by calculating the profit from Step 2 as a percentage of the total cost from Step 1. For example, if you spent N1,000,000 total on the ad, and make N500,000 profit from it, then you’d calculate:
(x/100)(1,000,000) = 5,000,000
1,000,000x=5,000,000
x = 500

So in the example, the percentage return on the advertisement is 500 percent.

http://ow.ly/zABy2

The core purpose of any business is to make money, so when a business spends money, the business expects to make more money(profits) in return....

15/07/2014

14 Nigerians top DEMO list of African tech startups
Ruth Olurounbi
Friday, July 11, 2014

Fourteen Nigerian startups have taken the lead out of 40 African start-ups qualified to launch their product on the DEMO Africa stage in September.

Kenya, Ghana and Egypt followed, with Rwanda, Tanzania, South Africa and Ethiopia each having two representatives just as Tunisia, Benin, Cameroon, Uganda and Zimbabwe have earned their space at the DEMO Africa platform.

The list was released on Thursday, at a press briefing held at IDEA Hub-Sabo Yaba, Lagos.

Reacting, Minister for Communication Technology, MrsOmobola Johnson, said "this presents another opportunity for African tech startups.

Africa may have missed out on the industrial revolution, but we surely will not in the ICT revolution. Through innovation, we will put Nigeria and Africa in general on the ICT map.

"Realising the huge potential of the software industry, we have put in place a set of initiatives that will assist the tech startups to create successful businesses, which will directly create jobs and wealth."

It was gathered that more than 400 applications were received, but only 242 had met the threshold for the adjudication.

Nkanga is the Media Adviser to Media adviser to Omobola Johnson, ComTech Minister.

The selected 40 start-ups will have a chance to launch their products to an ecosystem of VCs, investors, tech acquisition specialists, IT buyers and media from across the region and around the globe.

They will also benefit from one and a half month coaching and mentorship programme spearheaded by DEMO Africa and the Department of the United States.

The Mentorship programme will be coordinated by Dr Susan Amat, CEO, VentureHive and will include both local and international mentors and coaches.

Demo Africa, in a statement, said out of 12 categories for application, communication attracted the highest number, with a total of 76 applications received, and it's no wonder that this category will...

Ruth Olurounbi Friday, July 11, 2014Fourteen Nigerian startups have taken the lead out of 40 African start-ups qualified to launch their product on...

11/07/2014

BUSINESSDAY Holds 3rd Edition of Annual Mobile Money Roundtable Conference

BusinessDay Nigeria is organizing its 3rd Annual Mobile Money Roundtable Conference titled “Forging Inclusive Growth in Payment Systems & Financial Inclusion Initiatives in Nigeria”

Mobile payments are a key asset to enable the development and provision of other services in areas such as health, agriculture, welfare, etc. Mobile money is a sustainable, scalable approach to providing convenient and affordable financial services to the unbanked. More than one billion customers in developing markets have access to a mobile phone, but do not have a formal bank account.

Roundtable Focus

The roundtable will x-ray the traction the Cashless Initiative has gained, how policy helped to resolve the challenges that followed the introduction of the policy and the roles of technology, innovation, partnerships and collaboration in forging inclusive growth in payment systems and financial inclusion strategies in Nigeria. It will incorporate interactive sessions that will provide all stakeholders a platform to share their experiences, with a view to ensuring that the cashless policy proper runs as seamlessly as possible.

Target Audience

Stakeholders expected at the roundtable include Heads of E-Payment Units of banks, telecom companies, switching companies, card companies, mobile technology companies, ATM facilitators, PoS companies, licensed mobile money operators, channel agents, the academia, software companies, merchants, debit and credit card enablers, telecom and finance industry regulators etc.

Sub-Themes

Some other topics that would be considered at the roundtable include:

Collaborations and Partnerships

How will collaborations and partnerships, local or foreign by all stakeholders support further growth of the cashless initiative and increase uptake across the value chain?

Forging Inclusive Growth through Technology and Innovation

Technology drives innovation. As the cashless...

BusinessDay Nigeria is organizing its 3rd Annual Mobile Money Roundtable Conference titled "Forging Inclusive Growth in Payment Systems & Financial...

10/07/2014

Millbug Vuya tablet: A Solar-powered Android Tablet developed by 2 South African

Sabelo Sibanda and Thulisile Volwana, 2 South Africans startups under the company name, Millbug , has developed a new kind of solar powered tablet PC with a 1.2 GHz processor, 512 MBs of RAM 4GB of storage (expandable to 32GB) and a high definition 7″ screen. Millbug Vuya Tablet PC; the name given to the tablet, was launched in June 2014 and according to the co-founder founder, Sabelo Sibanda, they are looking for strategic partners such as resellers, NGOs and government departments.

The tablet which comes in different colours, is available to agents and resellers in bulk. However, the founders have decided to offer readers of Business-Matter.com an additional discount on the reseller price when ordering through Business-Matter.com

Millbug also develop native apps and mobile web solutions in order to best make use of the Millbug Vuya Tablet PCs resources.

Lenovo, ASUS & Inye are the major competitors for Millbug.

http://ow.ly/z0Baz

Sabelo Sibanda and Thulisile Volwana, 2 South Africans startups under the company name, Millbug , has developed a new kind of solar powered tablet...

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