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Forbes AfricaForbes Africa

Forbes Africa December 2018 - January 2019

Forbes Africa is the drama critic to business in Africa. The magazine helps readers connect the dots, form patterns and see beyond the obvious, giving them a completely different perspective. In doing this, it delivers sharp, in-depth and engaging stories by looking at global and domestic issues from an African prism.

Land:
South Africa
Sprog:
English
Udgiver:
ABN Publishing Pty Ltd (trading as Forbes Africa)
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11 Udgivelser

I DENNE UDGAVE

access_time3 min.
the power of the collective

For a change, instead of doom and gloom, there seems to be hope in the making.A new wave of Afro-optimism, originating in the hallowed halls of power and the fancy boardrooms and ballrooms of Africa, seems to be sweeping the continent.Perhaps it’s transient, but on the cusp of a new year, it makes you think that maybe, just maybe, it’s okay to be hopeful. No need for the caustic prose berating the state of our economies.This hope is perhaps the outcome of a few recent breathless weeks, with a raft of forward-looking forums and summits in Africa that have been more about reason than rhetoric.At the South Africa Investment Conference in October, President Cyril Ramaphosa announced more than $20 billion in investment pledges. It’s part of his drive to…

access_time5 min.
brief 360

BANKING ON BEHAVIOUR Financial services company, Discovery, in November launched what it calls “the world’s first behavioral bank” with the purpose of revolutionizing the financial services sector.Launched at Discovery Place in Sandton, the bank says the digital model will incentivize clients to manage their finances better.Adrian Gore, Discovery Group CEO (pictured), says the synthesis of the behavioral model with technology makes it unique.“It lives on the mobile,” he tells FORBES AFRICA on the day of the launch.The model shifts from traditional ways of transactional banking by using Discovery’s shared-value model rewarding clients for controlling debt and spending less.Interest rates are directly linked to the client’s financial behavior.“If you do these things well, the value to you is ginormous. Our whole concept is shared-value. You make us more profitable…

access_time1 min.
fight to the finish

The urban township of Soweto, which is steeped in culture and history in the southwest of Johannesburg, hosted its hallmark marathon, for the 25th year running.Called ‘the people’s race’, the Soweto Marathon on November 4, which started and ended at the FNB Stadium, was graced by South African president Cyril Ramaphosa who made his debut and ran alongside other government dignitaries. Though he didn’t attempt the full race, he happily stopped for impromptu selfies with the runners.Also scorching the path were three firefighters who ran in their gear to pay tribute to colleagues who died in the fire that engulfed the Bank of Lisbon building in Johannesburg’s central business district early September. “We ran to honor our brothers who lost their lives fighting the fire. We just wanted to…

access_time5 min.
challenging the old guard?

As the 2019 elections draw close in February in Africa’s most populous country, Atiku Abubakar has emerged the presidential candidate of the People’s Democratic Party (PDP) while President Muhammadu Buhari has been affirmed for the ruling All Progressive Congress (APC) ticket.Abubakar, a former vice president of Nigeria, has begun his campaign against president Buhari by highlighting the popular frustration of Nigerians over the rise in unemployment and poverty (two of the biggest voter concerns) on Buhari’s watch, as well as growing insecurity in central Nigeria. Nigeria was recently voted the world’s poverty capital by the Brookings Institution. Consequently, the handling of the economy has already emerged as a major issue at the start of the election cycle. Bukunyi Olateru-Olagbegi (Photos supplied)In 2016, the country entered its first recession in…

access_time16 min.
african of the year

The appointment is at 11AM on a November morning in Kigali, and past the tight security at the presidential offices located on KG7 Avenue, the views are of manicured lawns and a verdant paradise with hulking trees, chirping birds and cobbled pathways fringed by hibiscus and frangipani flowers. Kigali is a clean city with rolling hills and green valleys, but the foliage within Village Urugwiro, where we are meeting President Paul Kagame, is a botanist’s dream. A few minutes in the airy waiting lounge – accentuated by cream, olive green colors and a touch of wood – and the president walks in, tall and in an immaculate blue suit. He greets us warmly and is relaxed, joking about how much he dislikes posing for photographs. Yet, he obliges, against…

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‘2018 african of the year’

‘African of the Year’ is one of the categories at the eighth All Africa Business Leaders Awards (AABLA).The annual event (held this year on November 29) honors business excellence and leaders who have had a considerable impact on their industry and community. The nominees for the ‘African of the Year’ category, including several African statesmen, were judged based on the following criteria: their international profile, positive impact, their ability to build equality, develop society, champion inclusiveness, deal with corruption, transform society, enforce governance, alleviate poverty, lead economic development and be an African leader who is a role model. Paul Kagame: The Rwandan president and head of the African Union (AU) has spent this year improving the economic conditions of his country, and talking continental trade. He made headlines for…

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