May 2014 African Business News


Diana Layfield, CEO, Africa, Standard Chartered Bank

Diana Layfield, CEO of Africa, Standard Chartered Bank: StanChart will open 13 branches in Africa in 2014 (Video)

Bloomberg recently interviewed Diana Layfield, the CEO of Standard Chartered Bank’s Africa operations.

Alara, Victoria Island, Lagos, Nigeria

Redefining African Luxury in Lagos, Nigeria

Businesswoman Reni Folawiyo is building a concept store with celebrated architect David Adjaye on Victoria Island in Lagos. The mission? To redefine African luxury for Nigerians—and for the rest of the world.

Mo Abudu

Mo Abudu, 'Africa’s Oprah', Showcases Different Side of Africa (Video)

Sometimes called “the Oprah of Africa,” Mosunmola “Mo” Abudu is a leader in the African television industry.

Nhlanhla Nene

Nhlanhla Nene, South Africa’s New Finance Chief, Pledges Fiscal Discipline

Nhlanhla Nene, who replaced Pravin Gordhan as South African finance minister, pledged to follow his predecessor in bringing down the budget deficit and spurring the economy.

Cyril Ramaphosa

Cyril Ramaphosa Said to Swap Banks for Burgers as He Takes Office

Cyril Ramaphosa, who took office yesterday as South Africa’s deputy president, agreed to trade his interests in regulated businesses in exchange for stakes in consumer goods companies to avoid conflicts of interest, according to two people with knowledge of the matter.

Mo Abudu, CEO, EbonyLife TV

Mo Abudu on how she started EbonyLife TV (Video)

Mo Abudu on how she started EbonyLife TV

Joyce Banda, President of Malawi

According to Forbes, the 2 most powerful women in Africa are Joyce Banda and Ngozi Okonjo-Iweala

4 African women made Forbes’ The World’s 100 Most Powerful Women List.

MTN Nigeria

MTN Sees Double-Digit Sales Growth as Nigeria Customers Rise

MTN Group Ltd., Africa’s largest wireless operator, posted double-digit revenue growth in the first four months of this year as the number of subscribers in its biggest market of Nigeria climbed.

Striking Miners in South Africa

South African economy contracts for the first time since 2009 recession

South Africa’s economy contracted in the first quarter for the first time since a 2009 recession as the longest mining strike in the nation’s history cut output.

Jason Njoku on Arise Entertainment 360

Jason Njoku, CEO, iROKOtv: Video interview on Arise Entertainment 360 (Video)

Jason Njoku, CEO, iROKOtv: Video interview on Arise Entertainment 360

China investing in Ethiopian Manufacturing

Why ‘Made in Ethiopia’ Could Be The ‘Next Made in China’

China’s was once known as cheapest factory floor on the planet, but in the last two decades its economy has transitioned to become one of the world’s most advanced industrial powers.

Jason Njoku

Top 10 Tech CEOs In Nigeria

Drawing from statistics of Nigeria’s rebased GDP figures, information and communication technologies (ICT) and its sub-sectors are key drivers of Nigeria’s impressive economic growth.

Paul Kagame

Paul Kagame’s Singapore of Africa Economy Rewards Debt: Africa Credit

Fourteen years of Rwanda rule by Paul Kagame, whose forces ended the 1994 genocide that killed at least 800,000 people, is rewarding bond investors with record low yields amid the fastest economic growth in East Africa.

Half of a Yellow Sun

Hiding From Our Past by Chimamanda Ngozi Adichie

On the margins of my happy childhood, there was a shadow: the Biafran war. I was born seven years after it ended, and did not experience any material deprivations—I had a bicycle, dolls, books—but my family was scarred by it.

Half of a Yellow Sun

Nigeria's Nollywood Reaches Mainstream with 'Half of a Yellow Sun'

Nigeria’s bustling film industry is about to take a giant leap forward with the upcoming U.S. release of “Half of a Yellow Sun.”

Half of a Yellow Sun

Nollywood: The new business of African film

With Nigeria leading the way, 2014 could prove a banner year for the African film industry.

Wale Tinubu

Nigeria's youngest oil baron: Wale Tinubu, CEO, Oando (Video)

Lerato Mbele speaks to Wale Tinubu about the future of oil and gas in a changing economy.

Goodluck Jonathan

President Goodluck Ebele Jonathan ("GEJ") of Nigeria is clueless, incompetent, and callous: 35 reasons why this is a big lie

The Economist magazine recently published an article on Nigeria in which it described the government of President Goodluck Ebele Jonathan (“GEJ”) as “A clueless government”.