Tag Archive business

African Fashion and Design on the Rise

Traditional African garments are generally tailored locally according to the verbal style description of the client who buys the textile and pays for the tailor’s work. Taking a piece from history,

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Disruptive technologies: Advances that will transform life, business, and the global economy

Distruptive technology

Distruptive technology

Technological progress is not the only force that drives transformative growth in economies; for example, US growth during the 1970s was driven by the entry of millions of women and baby boomers into the labor force. However, technological advances have been an especially valuable source of growth because they tend to be “non-rival” in nature, meaning they can be used over and over, benefiting different users and driving increasing returns. And unlike other sources of growth, such as increases in the labor force, the effects of technology do not go away.

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Business is Booming in Africa

Example: Lagos Metro Blue Line

Location: Lagos.  Completion date: Launch has been pushed back to 2015.   A major cosmopolitan transport project to connect Nigeria’s largest city, the Lagos Metro Blue Line is designed to ease congestion and speed up journey times for the city’s inhabitants. Total cost: $1.2 billion.

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Stock Market Development in Sub-Saharan Africa

Over the past few decades, the world stock markets have surged, and emerging markets haveaccounted for a large amount of this boom. In Africa, new stock markets have beenestablished in Ghana, Malawi, Swaziland, Uganda, and Zambia. Prior to 1989 there were justfive stock markets in sub-Saharan Africa and three in North Africa.

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China’s Grip on Africa

Britain, France, Italy and Germany had their colonies in Africa and the impact of colonization is still apparent in the former colonies after 50 years of independence. A developing country during the colonial era has now risen to the rank of third largest economy in the word surpassing Germany. Equipped with enormous finance and highly trained manpower, the new economic super power, China, is now systematically tightening her grip on Africa.

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