Business

Bicycle taxis have become a main mode of transport in both rural and urban areas in Malawi, and many youth are finding employment in the sector as jobs after secondary school and college remain elusive.
Africa’s rising economic strength has been the center of rhetoric, especially in the wake of the first-ever U.S.-Africa Leaders Summit in August of 2014, which created space for U.S.-African financial partnerships and recognized the increasing importance of the region’s economic sectors. In East Africa, especially Ethiopia, Eritrea, and Kenya, the discussion has centered on the pivotal, and growing textile industry, which could change the game for not only East Africa, but garment industry giants like Bangladesh and China.
A recent survey released by Global Emerging Market Center, titled “EY’s attractiveness surveys Africa 2015,” reveals that investor perceptions of Africa’s attractiveness for investment reached the lowest level since 2011. Moreover, only 53 percent of the respondents believe Africa’s attractiveness for investment improved over the last year, a 7 percent drop from 2014. 
Investing, growing, and benefiting together; that has become a victory song for thousands of ultra-poor Malawian women who are achieving economic gains through  a self-help initiative called Village Savings and Loans.
In recent years, there has been a trend in Nigerians returning home and creating startups designed to help the country overcome infrastructure challenges through innovation and technology. Two of such people are Tayo Oviosu of Pagatech, and Jason Njoku, co-founder and CEO of iROKO Partners. 
One of Africa’s most influential business leaders and the founder of Econet Wireless Group is leading the fight against the Ebola epidemic in West Africa. Through his Facebook fan page, Strive Masiyiwa, who is also known as Zimbabwe’s richest man, has been engaging the public on how to combat the deadly disease. “A few months ago, I wrote on this page, that Ebola is a very serious threat to Africa, and the world. As an entrepreneur, and a nation builder, you should be very concerned about what Ebola, has done, and more importantly what it could do,” Masiyiwa said in a recent post. “Whether you are working in a business or working as an entrepreneur, there is something you can do to help fight the spread of Ebola.”
A new report by The World Bank finds that doing business in Nigeria is now easier due to regulatory business reforms. Globally, Nigeria stands at 129 in the ranking of 189 economies on the ease of starting a business. The report tagged Doing Business in Nigeria 2014 revealed that since 2005, Nigeria has implemented 10 regulatory reforms making it easier to do business. The majority have focused on improving business incorporation, trade, and credit reporting systems, allowing the country to gradually narrow the gap with the best regulatory practices in the region.
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