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African has grasped the Fourth Industrial Revolution, according to African Development Bank report, but its role globally could be even bigger
November 13, 2019--A report compiled by the African Development Bank reveals a continent that is embracing the brave new world of the Fourth Industrial Revolution but needs to improve access to finance, skills and inclusive growth.
The report, titled "Potential of the Fourth Industrial Revolution in Africa", was launched on Monday at the Africa Investment Forum, the continent's premier investment marketplace, organized by the African Development Bank and its partners.
It found significant uptake already in Africa of the Internet of Things-a market that could be worth as much as $12.6bn by 2021-and strong investment growth in new technology-led areas of AI, Big Data Analytics, blockchain, additive manufacturing and drones. This is not surprising given, as the report highlights, the broad and transformative effect these new technologies can have across all sectors from agriculture to manufacturing, and from health to education and government.
view the Potential of the Fourth Industrial Revolution in Africa report.
Source: African Development Bank
Stocks softer global sentiment remains subdued
November 13, 2019--The rand came under pressure as a result of this data as it reached a session low of R15.00/$.
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Source: FIN24
Local stocks edge higher
November 12, 2019--The local bourse edged higher on Tuesday on the back of broad-based gains across all the major indices.
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Source: FIN24
Local stocks retreat as global pessimism spreads
November 11, 2019--The JSE fell on Monday as it tracked other global markets lower which were dragged by increasing violence in Hong Kong, as well as US-China trade concerns.
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Source: FIBN24
ICBC Standard Bank plans to shut base metals, equities units
Blue-chips drag JSE All-share Index lower
Local stocks softer as manufacturing data disappoints
Africa's energy future matters for the world
The number of people living in Africa's cities is expected to expand by 600 million over the next two decades, much higher than the increase experienced by China's cities during the country’s 20-year economic and energy boom. Africa's overall population is set to exceed 2 billion before 2040, accounting for half of the global increase over that period. These profound changes will drive the continent’s economic growth, infrastructure development and, in turn, energy demand, which is projected to rise 60% to around 1,320 million tonnes of oil equivalent in 2040, based on current policies and plans.<>view more
Stocks on JSE maintain momentum
Rand rallies with bonds as SA dodges
November 8, 2019--The changes will affect 150 jobs and will take place in the first half of 2020, according to a statement from the London-based lender.
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Source: FIN24
November 8, 2019--The JSE fell on Friday led by declines in certain blue-chip stocks which fell on the back weaker earnings and negative sentiment.
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Source: FIN24
November 7, 2019--The JSE retreated on Thursday as it went against the tide in other major global indices.
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Source: FIN24
November 7, 2019--Africa is set to become increasingly influential in shaping global energy trends over the next two decades as it undergoes the largest process of urbanisation the world has ever seen, according to a new report from the International Energy Agency.
Africa Energy Outlook 2019, a special in-depth study published today, finds that current policy and investment plans in African countries are not enough to meet the energy needs of the continent's young and rapidly growing population. Today, 600 million people in Africa do not have access to electricity and 900 million lack access to clean cooking facilities.
Source: International Energy Agency
November 5, 2019--Local stocks remained buoyant, extending gains from the prior session where positive sentiment was driven by optimism of a trade deal between the US and China.
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Source: FIN24
November 4, 2019--The rand climbed and government bonds gained the most in 20 months after South Africa clung to its last investment-grade credit rating.
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Source: FIN24
