The African Business Podcast

IC Publications Ltd
The African Business Podcast

Hosted by our award-winning journalists, and featuring trailblazers and leading thinkers from across the continent, the African Business Podcast is an essential listen for anyone with an interest in Africa. If you are looking for serious thinking but with the twist of humour and humanity that makes Africa so endearing, you've come to the right place.

  1. Driving growth across African e-commerce

    10/26/2022

    Driving growth across African e-commerce

    In this episode we speak to Daniel Yu, a 32-year-old Californian entrepreneur now based in Zanzibar. He is the founder and CEO of Wasoko, a supply chain and distribution company established in 2015 to respond to the challenges faced by small and micro-business across Africa in managing stock levels. Having just raised $125 million in Series B venture capital funding from Tiger and Avenir, Wasoko is now valued at $625 million, and has its sights set on eliminating the inefficiencies plaguing Africa’s enormous, dynamic, so-called ‘informal’ retail economy.   A humble innovator, Daniel has learned Swahili in order to better service his customers in east Africa. Wasoko’s network now spans 75,000 businesses across six African countries, but the plan is to become – in Daniel’s words – the ‘operating system’ for commerce across urban Africa. For Daniel, this growth must be coupled with a broader positive impact; to improve overall conditions in the communities in which they operate is core to Wasoko’s mission. Alive to the possibilities of the technology sector for the continent, Daniel has worked with the authorities on Zanzibar to turn the island into an innovation hub. He still sees substantial deficits in the regulatory and operational frameworks structuring the innovation environment in Africa, and worries that these will fall short of the continent's wealth of skills, creativity and entrepreneurial talent.   Read more Digitalising African retail The informal sector is the future of African work Africa bucking the global VC trend An MIT framework for innovation ecosystem policy   Credits Host and executive producer: Dr Desné Masie Co-producer: Peter Doerrie Research: Angus Chapman Digital Editor: Charles Dietz Design: Jason Venkatasamy Music: Corporate Uplifting Chill by MusicLFiles Licence: http://creativecommons.org/licenses/by/4.0/

    40 min
  2. How the UK is investing in African development

    10/12/2022

    How the UK is investing in African development

    British International Investments (BII), the UK’s official development finance agency, was the first organisation of its kind when it was founded in 1948. It remains at the forefront of international development finance, particularly for Africa, where it deploys 70% of its $2-$4 billion of new capital every year. CEO Nick O'Donohoe is a pioneer of impact investing, coming to BII following stints in investment banking and the Bill and Melinda Gates Foundation, and having co-founded Big Society Capital, the world’s first social investment bank. He explains how BII fits into the UK’s foreign policy in the context of Brexit and a shrinking foreign aid and development budget.   He discusses priorities, illustrating how infrastructure and technology are key to enabling Africa to exploit its enormous entrepreneurial potential. He also touches on climate change, outlining how BII’s commitment to achieving net zero across its both portfolio and transactions will drive its engagement with the continent’s clean energy transition.   The podcast takes a philosophical turn, with Nick and Desné tackling the big questions of development, finance and investment. What does it mean to be developed? What is the ‘right’ kind of private sector? Must investments be large to be transformational? They finish with a discussion of social impact, gender and green bonds. Nick sees huge progress in this space. Recalling the 1990s, and even into the 2000s, he argues that there has been an explosion in awareness of how investment can materially change development outcomes.      Read more The next ten years of impact investment Africa's changing role in UK foreign policy What do we really know about Africa's informal economy? Explaining green bonds   Credits Host and executive producer: Dr Desné Masie Co-producer: Peter Doerrie Research: Angus Chapman Digital Editor: Charles Dietz  Design: Jason Venkatasamy Music: Corporate Uplifting Chill by MusicLFiles Licence: http://creativecommons.org/licenses/by/4.0/

    51 min
  3. General Electric on Africa's energy transition

    09/21/2022

    General Electric on Africa's energy transition

    Since General Electric was founded by Thomas Edison almost a century and a half ago, the power business has changed a lot. Vuyelwa Mahanyele, regional sales director for GE’s gas business in Southern and East Africa, has seen this change up close. She tells us how decarbonisation became the overarching theme for both the company and the region, and steps through the financial, technical and policy aspects of making it a reality. Achieving the trilemma of affordable, reliable and sustainable power in Africa remains a serious challenge. Mahanyele suggests that a combination of gas and renewables can do much of the heavy lifting. She places it in the context of the continent’s economic trajectory, arguing that better, cleaner power with revitalised generation and transmission infrastructure can drive a real economic acceleration, as it has across the world. Mahanyele outlines the rapidly shifting technological frontier, exploring the technical and economic feasibility of innovations such as hydrogen, carbon capture and storage and next-generation gas power.    She finishes with a discussion of the local and international factors – technology, investment, skills and policy – that can make large-scale transformation possible at the country, regional and international levels.   Read more: General Electric: Accelerating South Africa's energy transition IISD: Exploring the case for gas-fired power in South Africa Africa's natural gas - necessary evil or economic saviour? The many colours of hydrogen explained The challenge of energy access in Africa   Credits Host and executive producer: Dr Desné Masie Co-producer: Peter Doerrie Digital Editor: Charles Dietz  Design: Jason Venkatasamy Music: Corporate Uplifting Chill by MusicLFiles Licence: http://creativecommons.org/licenses/by/4.0/

    52 min
4.8
out of 5
5 Ratings

About

Hosted by our award-winning journalists, and featuring trailblazers and leading thinkers from across the continent, the African Business Podcast is an essential listen for anyone with an interest in Africa. If you are looking for serious thinking but with the twist of humour and humanity that makes Africa so endearing, you've come to the right place.

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