Tag Archives: Europe
Europe: Latest News
Staff, 11:08 am
Data from the big 12 retailers in South Africa show that they are putting their money into store refurbishments and IT instead of African expansion. Compare this to five years ago. The picture was very different. There was talk of aggressive store rollouts. Some South African companies have expanded into Europe and the U.K. to diversify earnings, but when the rand strengthened, those companies lost out. The customer focus is grounded in technology for the Big 12. IT is playing a critical role in investing in customers — building online capability, enhancing efficiency across supply chains and distribution, and reward programs to enhance client insights.
Dana Sanchez, 11:07 am AFKI Original
South African media giant Naspers is launching its 18-month-old internet TV service ShowMax in Poland. It plans to provide hyper-local content and original productions rather than trying to compete with expensive shows designed to appeal to audiences worldwide. It’s competing with the much older, bigger, more established U.S. firm Netflix, which launched in 1998. Netflix is also commissioning original content, but it has an overseas problem, one commentator said. “It just doesn’t have the amount of local content that some of the (streaming and pay TV) competitors have.”
Dana Sanchez, 3:04 pm
BitPesa, a bitcoin payments startup that launched in Kenya and expanded in Africa and beyond, announced a $2.5M round of funding. The Series A round is led by Silicon Valley-based industry investor Draper VC, with existing U.S. investors. Series A investors are willing to take on the risk when a new venture is generating revenue but not yet making a profit. BitPesa will use some of the funds to move to Luxembourg. The firm’s goal is to be the largest payment company in the U.K., Europe and Africa.
Peter Pedroncelli, 6:39 am AFKI Original
The UEFA Champions League has returned, and Europe’s premier club competition continues to excite fans the world over. African fans can count on seeing a number of top performers from the continent taking part in the Champions League for many of the best clubs in Europe. Here are 12 Africans to keep an eye out for during the 2016-17 UEFA Champions League season.
Dana Sanchez, 5:56 pm
International bookings for travel to Africa look highly encouraging through December, according to travel intelligence firm ForwardKeys. Travel within Africa is ahead 9.4 percent for the year. Europe, with more than 60 percent of forward bookings, is ahead 11.3 percent. North Africa has seen slow growth or even decline — people are scared to travel there — while East Africa has seen double-digit growth. Tourism tends to take up to two years to recover after terrorists attack tourists.
Dana Sanchez, 8:25 am
Refugees and migrants arriving in Europe from Africa and elsewhere may be an unlikely solution to the economic crisis, World Bank and IMF say. Get used to large-scale migration from poor countries to rich. It’s going to go on for decades, becoming a permanent feature of the global economy as a result of major population shifts. Europe needs take responsibility for the refugees, says a Kigali economic analyst.
Dana Sanchez, 3:23 pm
Conditions may be tough at home, but food sales are booming in Europe for South Africa’s Bidvest Group, the largest global food service supplier outside North America. Growth has been difficult in Africa but the company is changing its approach, said CEO Brian Joffe. The group began its global expansion in the ’90s with an Australian acquisition. By generally accepted modern business theory, Bidvest should not be a success.
Staff, 1:33 am
A FIFA Agent is working to discover Angolan talent in Europe that he can bring back to his homeland to play for the national teams
Staff, 5:22 pm
Azimo, an online money transfer service, has revealed that consumers across Europe can now send money to recipients in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo in West African CFA francs for instant cash pick-up. Michael Kent, CEO of Azimo, explains that: “Together these 8 countries have a combined population of over 100 million people and GDP of US$80bn.
Dana Sanchez, 5:48 pm
Just 0.3 percent of the Saharan Desert’s solar energy can provide Europe with all its electrical power needs, VOA reports. Nur Energy, a Tunisian solar power plant in the Sahara, may start sending power to Western Europe by 2018, generating almost twice the electricity of an average nuclear plant and supplying two million homes in Europe once it’s fully operational.
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