Nigeria’s ‘Nollywood’ Movie Industry Rolls at High Gear
The Strength Of African Tech Women | TheNewAfrica
Woman in a male-dominated field like tech means to face prejudices and struggles (all over the world, but especially in Africa). Ethel Cofie, a successful Ghanaian tech entrepreneur, is determined to overcome this. She organized a first pan-African Women in Tech meeting. Read her personal experience here.

The Strength Of African Tech Women | TheNewAfrica

Woman in a male-dominated field like tech means to face prejudices and struggles (all over the world, but especially in Africa). Ethel Cofie, a successful Ghanaian tech entrepreneur, is determined to overcome this. She organized a first pan-African Women in Tech meeting. Read her personal experience here.

Ethiopia’s impressive economic growth - CNBC Africa
“If you look at it [Ethiopia] from an economic stand point, I think Ethiopia is one of the countries that has become the quint essential embodiment of the Africa rising narrative,” Julians Amboko, research analyst at Stratlink Africa from CNBC Africa.
The country’s economic growth is principally attributed to intense government projects aimed at achieving its Millennium Development Goals (MDGs) as the country aims at becoming a middle income status by 2025.
“Look at the year between 2013 and 2014, the GDP growth was about 10.6 per cent, double digits. Kenya did only 4.8 per cent, Rwanda which has been a very stellar performer did only 7.9 per cent and therefore from that stunt point indeed investors must be looking at how they can tap into this market which is growing so fast,” Amboko said.

Ethiopia’s impressive economic growth - CNBC Africa

“If you look at it [Ethiopia] from an economic stand point, I think Ethiopia is one of the countries that has become the quint essential embodiment of the Africa rising narrative,” Julians Amboko, research analyst at Stratlink Africa from CNBC Africa.

The country’s economic growth is principally attributed to intense government projects aimed at achieving its Millennium Development Goals (MDGs) as the country aims at becoming a middle income status by 2025.

“Look at the year between 2013 and 2014, the GDP growth was about 10.6 per cent, double digits. Kenya did only 4.8 per cent, Rwanda which has been a very stellar performer did only 7.9 per cent and therefore from that stunt point indeed investors must be looking at how they can tap into this market which is growing so fast,” Amboko said.

Business in Nigeria: Africa’s testing ground | The Economist
To make it big in Africa, a business must succeed in Nigeria, the continent’s largest market. No one said it would be easy

Business in Nigeria: Africa’s testing ground | The Economist

To make it big in Africa, a business must succeed in Nigeria, the continent’s largest market. No one said it would be easy

Sub-Saharan Africa’s Middle Class to Balloon, Standard Bank Says - Bloomberg

Middle-class households in 11 leading sub-Saharan African economies, excluding South Africa, are set to balloon to about 40 million by 2030, as the benefits of economic growth are more inclusively distributed, according to Standard Bank Group Ltd.

About 15 million of the 110 million households in Angola, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, South Sudan, Sudan, Tanzania, Uganda and Zambia are lower-middle-class and middle-class, consuming from $15 to $115 a day, the continent’s largest lender said today.

About 86 percent of households are low-income, consuming less than $15 a day, it said.

“Between 2000 and 2014, we’ve seen a tripling of middle-class households across these 11 countries,” Simon Freemantle, a political economist at Standard Bank, said in Johannesburg. “It confirms that idea that Africa has structurally changed, that there has been real improvement in the last 10 years. Not just cyclical, it’s been a real structural change.”

The emergence of a middle class was found to be most profound in Nigeria, which has Africa’s largest economy. About 4.1 million households, or 11 percent of the West African nation’s population, consume $23 to $115 a day. That’s six times more than in 2000.

Mobile phone games developed in Africa 
Companies developing games for mobile phones are springing up in East Africa. Although the mobile gaming market there is growing, financial returns are still small. But the developers aren’t easily discouraged.

Mobile phone games developed in Africa

Companies developing games for mobile phones are springing up in East Africa. Although the mobile gaming market there is growing, financial returns are still small. But the developers aren’t easily discouraged.

Catherine Kaluwa, a PhD student from the University of Nairobi, Kenya, talks about the journey she has taken from walking barefoot to school to researching the efficacy of plants that women in her homeland have traditionally taken for family planning. She also outlines some of the challenges she has faced as a female researcher working in a male-dominated profession.

Via Timbuktu Chronicles

Global Africans' Reflections on the U.S. Africa Leaders' Summit (ALS) 

As Africans who lived in the U.S. and who several years ago both decided to move back to Africa, we watched the U.S. Africa Leaders’ Summit (ALS) with much interest. We have each, at various points in time, lived in the United States and Europe, then chose to return to Africa.

As we were discussing strategic aspects of a new Pan-African real restate fund we are preparing to launch this coming fall, we deviated course and realized how the Summit reminds us why we moved back. We each moved back for different reasons and to fulfill different roles, but for the common purpose of contributing to Africa’s development.

Reflecting on our experiences, we have found three important contributions members of our diaspora can all make, whether back on the ground or still overseas.

First, all Africans have a role to play in Africa’s development. Secondly, growth will only be sustainable if Africans can create local brands, industries, export goods and create jobs. Lastly, it is important for each of us to be part of the success stories taking place in African countries.

As such, when we talk to other Global Africans (Africans in diaspora who are returning to live and work in Africa), we often counsel those on the fence about whether or not to return and how they can be of greatest positive value to Africa while fulfilling their personal and professional goals, that being an Africa brand ambassador is a start.

Ed’s note: Read teh complete article

How Africa is Challenging Marketing - Niti Bhan - Harvard Business Review

For the first time, Western stereotypes associating Africa with death, disease, poverty, and war are being replaced by the reality of demanding, brand-conscious consumers who happen to live in a challenging environment. For too long, “Africa” has been considered a homogenous mass rather than a multicultural continent of diverse citizens. The media-generated image of passive beneficiaries of international charity and financial aid is now giving way to one of active customers voicing their opinions on product performance, service quality, and advertising.

After all, the emerging affluent African consumer is as connected as the rest of the world, smartphone always in hand. As this untapped market captures global attention, it also offers marketers a chance to leapfrog the legacy of mass marketing and reinvent the field from the ground up. The insights that marketers currently rely on, such as what consumers value in a product price and how to best reach them, drawn from decades of consumer research and studies on buyer behavior, don’t necessarily apply to the fragmented African markets.

Take a look at what’s happening in Africa now: Kenyans on Twitter (#KOT) are among the most voluble and outspoken, directly asking CEOs why their customer service is not up to par and pressing for change during CNN’s coverage of their elections. The Mo Ibrahim Foundation’s statistics say 68% of Africans on Twitter rely on it for daily news – not surprising considering that the news of Malawi’s recent presidential shenanigans first broke as a tweet. And Ethiopian news reports the rise of Facebook as an increasingly important medium for everything from filling job vacancies to selling traditional dresses. African voices are clamoring to be heard, and now social media offers them control over their narratives.

This shift will play out most obviously in marketing communications and advertising. Television, the industrialized world’s traditional driver of mass-market brand awareness, has been trumped by mobile-driven word of mouth. But in Africa, a phone in every pocket has only scaled the way hyper-local and regionally fragmented markets were already communicating – through trusted referrals from family and friends, eyewitness stories, and first-hand experience.

However, a lack of formal retail distribution infrastructure and marketing support services, among other factors, means that conventional solutions for market analysis will not work effectively. Everything from estimating purchasing power of a market segment to the impact of conventional value propositions will have to be questioned and redeveloped from scratch.

And as Ghanaian entrepreneur Bright Simons has pointed out, much of this new African middle class is emerging from the informal trade and services sectors, while university-educated youth still search for white-collar jobs. Understanding the values of this new emerging consumer class is crucial for developing successful marketing strategies. African market research consultant Vusi Vuma mentioned the challenge faced by Coca Cola when attempting to account for as much as 40% of their sales volumes in terms of final retail channels. How does one estimate the size and value of an opportunity when both the target audience and retail outlets are outside the documented formal economy?

More than 90% of retail transactions tend to be in cash, and this impacts everything from purchasing patterns and buyer behavior to retail inventory. It implies longer lead times for purchase decisions and seasonal variations in consumer demand and choice of payment plans.

Data shows that 96% of Africa’s rapidly growing mobile phone customer base is on prepaid or “pay as you go” payment plans. This does not reflect income level. Lower denomination airtime vouchers account for as much as 80% of sales in the mass market. Vuma says some subscribers in South Africa spend as much as USD $30 a month on airtime credit, but they purchase overtime in 50-cent increments.

Conventional pricing methods cannot be transposed without questioning the underlying assumptions (revenue generation or flexibility of the payment plan instead of utility value) from the established markets where they were first developed. For example, “The price is not the problem” was the most common refrain during an ethnographic study in Kenya of household energy consumption behavior for a solar product manufacturer (the now defunct Tough Stuff). And small business owners were more interested in the revenue generation potential of a high-tech mesh Wi-Fi router when surveyed for a pricing study.

Forward-looking marketers have the opportunity to build and experiment with new methods and means to create demand, reach their target audience, and develop offers that resonate. African consumer markets can provide the perfect laboratory for new solutions to the global disruption of traditional marketing.

(Source: africanconsumermarket)