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MTN Nigeria

MTN Nigeria begins IPO discussions

MTN has commenced talks with the Nigerian Securities and Exchange Commission (SEC) regarding an initial public offering in 2017.

Kenya Plans First Nuclear Power Plant at $5 Billion Cost

Kenya Plans First Nuclear Power Plant at $5 Billion Cost

Kenya plans to begin constructing its first nuclear power plant at a cost of $5 billion by 2021 as the country seeks to bring down the cost of electricity.

Chauffeur driven: Uber in Lagos. Credit: FT

Uber gears up to ease stressful commutes in Nigeria

Car-hailing app Uber has frequently attracted controversy — whether over workers’ rights, management practices and its attitude to regulation.

Phuthuma Nhleko, Executive Chairman, MTN Group

MTN Chairman sells $8.8 million of shares before arrival of new CEO

MTN Group Ltd. Executive Chairman Phuthuma Nhleko sold shares worth about 123 million rand ($8.8 million).

Fashion-conscious Lagosians switch to online shopping

Fashion-conscious Lagosians switch to online shopping

Three years ago, MallforAfrica joined the raft of Nigerian tech start-ups attracting private equity and venture capital backing.

South Africa's Deputy President Cyril Ramaphosa (L) and President Jacob Zuma listen to the national anthem at the opening of Parliament in Cape Town, South Africa February 11, 2016. Credit: Yahoo/Reuters/Mike Hutchings

South Africa's biggest union group backs Ramaphosa to succeed Zuma

Deputy President Cyril Ramaphosa saw his chances of becoming South Africa’s next leader increase on Thursday.

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

Global Alternative Asset Manager The Carlyle Group announced last week that it has agreed to acquire a majority share of CMC Networks.

Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

African stock exchanges should focus on smaller businesses: Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

The African growth story is no longer a fairy tale. Over the past decade, multinational companies, private equity funds and infrastructure development programs have channeled capital to the continent.

Felix Olale, Partner, LeapFrog Investments

LeapFrog acquires $22M majority stake in Kenya's Goodlife Pharmacy (Video)

LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a USD 22m majority stake in Kenya’s GoodLife Pharmacy.

Labi Ogunbiyi

Data can become Nigeria's new "black gold"

In the early 2000s I decided to leave my job heading the African project finance team in a global law firm to become an investor.

Spotlight on East Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on East Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 167 reported private equity deals in East Africa totaling $1.4 billion.

Dar es Salaam, Tanzania

The rise of Africa's megacities

Over the last 35 years, the share of Africa’s population living in urban areas climbed from 27% to 40%.

Nairobi, Kenya. Credit: investinginafrica.net/Ninara

Kenya's top three dividend stocks

Dividend stocks can provide a great foundation for an investment portfolio.

Jeff Schlapinski, Director of Research, EMPEA

Private equity investment in Africa heats up as pension funds stay local

African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.

Nigeria's President Muhammadu Buhari. Credit: Yahoo/Pius Utomi Ekpei/AFP/Getty Images

Fool Nigeria Once, Shame on You. Fool Nigeria Twice ...

It’s been a tough year for Nigerian President Muhammadu Buhari. The mood in Africa’s most populous nation is a far cry from the euphoria that greeted his historic 2015 election.

Tunde Kehinde, Co-Founder, Africa Courier Express (ACE)

Africa Courier Express (ACE): The app that's beating the traffic in Lagos (Photos)

On the streets of Lagos, motorcycles, cars and daredevil cyclists weave through the lanes, jostling for space to avoid getting stuck in the chaotic traffic jams.

Nunu Ntshingila, Head of Facebook Africa. Credit: Memeburn

Facebook is boosting its advertising teams in Africa

Facebook is building a team of young executives to win digital advertising dollars from small and medium sized businesses across Africa’s major markets.

Donald Trump, illustrated as a dictator. Credit: The Daily Show/Comedy Central

The US elections (and their aftermath): Covered as African elections are covered in the West

The US of A, a nation located in the center of the North American continent, is shaken by its latest electoral results.

Johannesburg, South Africa. Credit: sothebysrealty.com

Fact of the Day: Johannesburg, South Africa is the #1 tourist destination in Africa for the 4th year in a row

South Africa’s major urban cities remain the most visited in the African continent, attracting millions of tourists, boosting local tourism and injecting billions of dollars into the economy.

Dangote Industries cement plant in Dakar, Senegal

Gulf investments in Africa beginning to spread far and wide

Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, owing partly to closer cultural ties and the Gulf’s focus on western markets. This scenario is slowly changing and so too are the pan-African investment strategies of Gulf investors.

These 6 Sectors of Africa's Economy Are Poised for Growth - McKinsey

These 6 sectors of Africa's economy are poised for growth: McKinsey

In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets.

Ericsson bets on fast-growing broadband demand in Africa

Ericsson bets on fast-growing broadband demand in Africa

Ericsson is betting that fast-growing demand for mobile Internet services in sub-Saharan Africa will also boost sales for the world’s biggest mobile telecoms equipment maker.

NNPC Towers, Abuja, Nigeria. Credit: iloveabuja.com.ng

Nigeria proposes broad oil sector overhaul and potential NNPC stock exchange listing

Nigeria outlined a plan to overhaul state oil company NNPC and eventually list it on the stock exchange in a bid to modernize and streamline the industry.

Bryan Leith, COO, KPMG Africa

Africa's Economic Prospects: Bryan Leith, ‎COO, KPMG Africa

While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.

Africa Digital Market Outlook

Fact of the Day: Africa to pass 1 billion mobile subscriptions by end of 2016, says Ovum (Infographic)

Africa is expected to cross 1 billion mobile subscriptions in the fourth quarter of 2016, reaching 1.02 billion by year-end, according to global advisory firm Ovum.

Will he cash in on Africa's real estate boom?

Will he cash in on Africa's real estate boom?

You’ve heard it before: Africa, the new investment frontier! Risky, but high reward potential, the mantra goes of emerging markets — particularly in Africa, home to 13 of the 20 fastest-growing economies in the world.

Hilton Nairobi Upper Hill, Nairobi, Kenya (Illustration). Credit: hiltonworldwide.com

Hilton to open hotel in Africa's tallest development (Photos)

Iconic $110 million Hilton Nairobi Upper Hill marks Hilton Hotels & Resorts’ 50th property in Africa.

Live music in Accra, Ghana

Why is Ghana 25 times more successful than Nigeria at attracting tourism revenues?

Tourism should be an easy win for emerging market (EM) and frontier market (FM) economies with weakened currencies, and cheap jet fuel; an opportunity that we think is being missed.

Monde Twala, VP of Viacom Africa’s BET, Youth and Music portfolio

Viacom and Turner Targeting Africa's Millennials With Multi-Platform Offerings

With more than half the population of Africa under the age of 18, networks are looking for more ways to target young audiences with cross-platform content, hoping to grow today’s generation of increasingly connected African youths into tomorrow’s brand-loyal consumers.

Is Donald Trump racist? Chimamanda Ngozi Adichie certainly thinks so

Is Donald Trump racist? Chimamanda Ngozi Adichie certainly thinks so (Video)

Renowned novelist Chimamanda Ngozi Adichie shuts down nonsensical argument being made by the American Spectator’s editor in chief American R Emmett Tyrrell.