African Business News

IBM pleased with African footprint

IBM president, chairman and CEO Ginni Rometty this week praised South Africa’s business leaders for being at the forefront of using technology to transform their operations.

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Business travel driving the growth of Nigeria’s hotel industry

In 2012, Hilton Worldwide, owners of luxury hotels across the world disclosed its partnership with Transnational Corporation of Nigeria Plc (Transcorp) to develop eight new luxury hotels across Nigeria within seven years. Transcorp has made strategic plans to expand its hospitality portfolio and in the next three to five years, the company will increase the number of hotels across key cities in Nigeria, particularly Lagos and Abuja.

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Pushing solar energy in South Africa

Graeme Chown, chief executive director at energy management consultancy firm PPA Energy SA, says businesses must start thinking of solar energy as a practical need-to-have solution rather than a green, nice-to-have solution particularly if one considers any impending power cuts by Eskom.

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Africa’s business confidence increases

The Young Presidents’ Organisation’s (YPO) Global Pulse confidence index for Africa increased sharply in the fourth quarter of last year‚ adding 6.4 points and more than making up for ground lost in the previous quarter.

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