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Meet some of the tech companies creating opportunity in Africa

Meet some of the tech companies creating opportunity in Africa: Jonathan Berman, CEO, J.E. Berman Associates

For our family, it’s the homecoming routine. I pull up to the house and my son flies out of the car to inspect the box or two on our front stairs. Santa only delivers once a year, but Amazon leaves something on our door about every other day.

At the regional finals of the third annual Challenge Cup, hosted this year in Nairobi. Credit: Christopher M. Schroeder/recode.net

Startup Rising Africa

It’s hard to get more American than generalizing Africa as one big homogenous thing. It is, of course, a rich and diverse continent of more than 50 nations, where merely a piece of it — say from Kenya to Nigeria — is a greater distance than the entire United States.

Ajen Sita, CEO, EY Africa

Africa's development within the global economy: Ajen Sita, CEO, EY Africa

While Africa’s 2015 GDP is down 1.2% from 4.6% in 2014, it is still among the fastest growing regions in world.

Charles Robertson, Global Economist, Rennaisance Capital

The outlook for frontier markets in Africa (Video): Charles Robertson, Global Economist, Rennaisance Capital

RenCap’s Global Economist Charles Robertson discusses frontier markets and the economic outlook for various nations in Africa.

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets. Credit: sokopay.com

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets

From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.

Capturing a vibrant, modern Africa

Capturing a vibrant, modern Africa: Geoffrey White, CEO, Agility Africa

Much of the world’s perception of Africa is outdated and misinformed.

Fund manager sees continuing growth from rising African consumer markets juggernaut.

Fund manager sees continuing growth from rising African consumer markets juggernaut

“Africa is fast becoming an important profit driver for some of the largest multinational consumer based companies,” says Insync’s Monik Kotech.

Fatma Samoura, newly-appointed FIFA Secretary General

Fact of the Day: FIFA's new Secretary General is the first African and first woman to hold the job

FIFA, the governing body of world soccer, appointed Senegal’s Fatma Samoura as its new secretary general.

Jose Filomeno de Sousa dos Santos, Chairman of FSDEA

Angola sovereign wealth fund FSDEA says half of investments in private equity

Angola’s sovereign wealth fund said it put more than half of its investments in private equity funds focused in the country and across sub-Saharan Africa last year, describing its performance as “solid,” particularly in light of the global economic turbulence.

Sev Vettivetpillai, Partner, Abraaj Group. Credit: M&A Advisor

Dubai-based private equity firm Abraaj readies Nigerian fertilizer and East African insurance deals

Abraaj Group, a Dubai-based private equity firm, is in the final stages of approval for three transactions in sub-Saharan Africa and will probably make further investments in the region before the end of the year, partner Sev Vettivetpillai said on Thursday.

Arif Naqvi, Founder & Group CEO, Abraaj Group

Abraaj-led group could bid for 35% of Barclays Africa

Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays Plc’s African unit, according to people familiar with the matter.

Netflix competitor ShowMax launches in 36 African countries

Netflix competitor ShowMax launches in 36 African countries

ShowMax, the video streaming service from emerging markets media giant Naspers, is launching its offering in 36 African markets.

Issam Darwish, Founder, Singularity Investments. Credit: forbes.com

Singularity invests in mobile advertising startup Sliide Airtime

Singularity Investments announced on Wednesday that it had invested an undisclosed sum into Sliide Airtime, a mobile advertising technology start-up that gives consumers free airtime in return for engaging with news and branded content delivered to the lock screen of their mobile devices.

Siyabonga Gama, CEO, Transnet. Credit: dailymaverick.co.za

South Africa's Transnet steams into the rest of Africa

South African state rail-freight operator Transnet is embarking on a major expansion drive in the rest of the continent, offsetting a slowdown at home caused by the slump in commodity prices, Chief Executive Siyabonga Gama said on Wednesday.

Abidjan, Ivory Coast. Credit: panoramio.com

Here are Africa’s top 10 fastest growing economies (Infographics)

The Ivory Coast is Africa’s fastest growing economy, according to the IMF’s latest World Economic Outlook. The West African nation’s GDP is expected to grow by 8.5% this year.

Rwanda: A new model for growth

Rwanda - A new model for growth (Infographic & Report): This Is Africa & the Financial Times

Rwanda’s transformation from the peak of its political crisis culminating in the 1994 conflict until now is remarkable. Though the country is frequently held up as a model for rapid development by politicians and development policymakers, its trajectory and political culture are unique.

Michael Ugwu, General Manager, West Africa, Sony Music Entertainment

Michael Ugwu is leading the Nigerian music revolution (Video)

Lagos is a city with a vibrant music scene and is, arguably, the music capital of Africa. When Sony Entertainment, one of the world’s largest record labels, decided to start operations in West Africa, the company turned to Michael Ugwu to be its General Manager.

Edoh Kossi Amenounve, CEO, Bourse Régionale des Valeurs Mobilières (BRVM)

West African stock markets are planning to join forces (Video)

Stock exchanges in Nigeria, Ghana, Sierra Leone, Cape Verde, as well as the BRVM are in talks to develop a common platform for cross-border listing and trading in West Africa, to create broader and deeper liquidity across the region.

Ebi Atawodi, General Manager, Uber Nigeria

How Uber is changing life in Nigeria (Video)

Few things affect life in Lagos like traffic. However, Ebi Atawodi, Uber‘s General Manager in Nigeria, thinks Uber is making a difference in people’s lives.

Justin Clarke, CEO, One Africa Media & Acting CEO, Ringier One Africa Media

Ringier Africa and One Africa Media form joint venture

Ringier Africa and One Africa Media (OAM) have agreed to merge their pan-African Classifieds assets to create and grow Africa’s largest classifieds group.

"Industries serving consumer staples and discretionary spending fetch the highest prices because of favorable demographics in the growing middle class," says Rory Ord, RisCura's Head of Valuations

Private Equity Firms Bid Up Africa M&A Prices on Record Funds

The prices private equity firms pay for stakes in African companies are the highest in six years, driven by record fundraising and competition for the continent’s expanding middle class.

Kuben Naidoo, Deputy Governor, South African Reserve Bank

As Bob Diamond readies Barclays Africa bid, South Africa warns on bank buyouts

South Africa raised caution over Bob Diamond’s potential offer for Barclays Plc’s local unit, with the central bank signaling that private-equity bidders for the country’s third-largest lender would face opposition from regulators.

Tony Elumelu, Chairman, UBA Group. Credit: brandessencenigeria.com

Nigeria's UBA plans African expansion, says Chairman Tony Elumelu

United Bank for Africa (UBA) plans to increase its presence in Africa outside Nigeria to 25 countries from 18 now and inject capital into its subsidiaries in Kenya, Tanzania and Uganda, its chairman said on Tuesday.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Africa's planned cities and the future

One of the objectives of Sustainable Development Goals is to have sustainable cities that provide opportunities for all, including access to basic services, energy, housing and transport. Some African cities like Lagos and Kigali are on the move.

Nollywood money is big money (Reuters/Akintunde Akinleye)

Nigeria's 'Netflix of Africa' iROKOtv made a 3,000% return for investors

As Nigeria’s tech space has matured over the last few years, it has drawn the attention—and money—of curious investors.

Dan Matjila, CEO, Public Investment Corporation (PIC)

South Africa's PIC in talks with Barclays on African business stake

South Africa’s state pension fund is talking to Barclays Plc about buying some of the stake which the British bank is selling in its African business, a source with direct knowledge of the matter said.

Uche and Chimamanda Adichie in Lagos, Nigeria, 2016

Why Chimamanda Ngozi Adichie Considers Her Sister a "Firm Cushion" at Her Back

I remember standing at the foot of the long stairway in our new house, too frightened to climb, everything big and unfamiliar, until my sister Uche silently took my hand and we went up together.

Chinelo Anohu-Amazu, Director-General of Nigeria's National Pension Commission (PenCom)

Where next for Nigeria's economy? Chinelo Anohu-Amazu Nigeria's PenCom DG weighs in (Video)

The Director-General of Nigeria‘s National Pension Commission (PenCom) Chinelo Anohu-Amazu discusses pension contribution plans and the country’s economy.

Olatorera Oniru, CEO, Dress Me Outlet

Meet the Nigerian woman who is building the fashion Amazon of Africa

Olatorera Oniru is one of Nigeria’s most assiduous and ambitious young entrepreneurs. The 29 year-old lady is the founder of Dressmeoutlet.com, a Lagos-based e-commerce startup that retails fashion products sourced from across the globe.

Howard Schultz, Chairman & CEO, Starbucks

Starbucks brews grande success in South Africa with plans to launch 150 stores

Eight days after the opening of the first Starbucks in sub-Saharan Africa, the queue of customers is still as long as ever. The lineup snakes out of the store, across the pavement and around the corner.