Africa

Twitter Inc (NYSE: TWTR) Chief Executive Officer Jack Dorsey said on Wednesday that he is considering moving to Africa sometime next year. Dorsey, who also heads the payments company Square was bidding goodbye to the continent after spending some time in Ethiopia meeting the country’s...

Financial Markets across several African countries have seen significant improvements in the year 2018-19, says research conducted by OMFIF (Official Monetary and Financial Institutions Forum) and pan-African financial group Absa. What Happened OMFIF measures the countries’ financial markets...

As ratification of the new U.S.-Mexico-Canada trade agreement (USMCA) moves forward slowly, a landmark free trade agreement has been signed several thousand miles away on the continent of Africa. While 52 African nations signed the African Continental Free Trade Area (AfCFTA), to date 24 have...

Zimbabwe annually spends more than $400 million on health care (based on 2019 budget figures). 25% of all health care spending comes out of pocket (OOP). With a conservative roll-out of a medical cannabis program, Zimbabwe could reduce health-care spends by $10 million by its fifth year. Based on...

Halo Labs Inc (OTC: AGEEF), a Canadian cannabis extraction company, said it will expand globally through the acquisition of Lesotho-based Bophelo Bioscience & Wellness. Prior to agreeing on the acquisition, Halo Labs and Bophelo were partners working together on a 5-hectare cultivation and...

Oppenheimer Equity Research disputed a short report on Pareteum Corp (NASDAQ: TEUM) that accused the company of touting contracts with dubious startups. Pareteum shares were soaring Monday after the short report caused it to drop last week. The stock lost nearly a quarter of its...

By Beau R. Whitney, Vice President and Senior Economist, New Frontier Data Africa has seen an accelerating wave of cannabis reform over the past 24 months, much of the movement so far anchored to the south, in Lesotho's and South Africa's respectively legalized markets. Meanwhile, many...

The first African country to legalize medical cannabis was Lesotho, in 2017. South Africa is expected as the first to formally legalize adult use since its Constitutional Court last year ruled that personal cultivation and private use of cannabis are constitutionally protected. Nigeria, Ethiopia...

New Frontier Data hosted the first InterCannAlliance Africa symposium on May 24 -25, 2019 in Victoria Falls, Zimbabwe.  The first-of-its-kind cannabis conference in Africa, the conference explored the implications of medical cannabis and industrial hemp legalization in Zimbabwe and across the...

New Frontier Data analysis found the 2018 global market value of combined legal and illicit cannabis markets to be worth $344.4 billion (USD). Of 263 million annual cannabis consumers worldwide, 83 million (32%) live in Africa. Africa’s cannabis market value (combined legal and illicit) was...

New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, announces its latest report the Africa Regional Hemp and Cannabis Report: 2019 Industry Outlook, estimating Africa’s total addressable cannabis market at $37.3 billion USD; more than...

Residents in the African nations of Tanzania and Mozambique are preparing for potential destruction from Tropical Cyclone Kenneth. The ferocious storm is heading towards the eastern coast of Africa with torrential rain, in addition to winds of nearly 145 mph as of early this morning (Thursday,...

The self-proclaimed "Alibaba of Africa" -- or perhaps the Amazon of Africa -- is set to hit U.S. markets April 12. Here’s what you need to know about the first e-commerce platform operating in Africa to hit the NYSE. The Offering Jumia Technologies will issue 13.5 million shares on...

In the global cannabis landscape, Africa is an overlooked market. This is due to a number of factors, such as the illegality of the plant across the continent and the poor economic conditions that many African countries face. Africa has the potential to become an enormous cannabis market due to the...