Nigeria’s retail and wholesale trade industry has the potential to grow by 7.1% per year, and by 2030 could be the largest contributor to the country’s GDP, according to recent report by McKinsey Global Institute.
An episode of Shuga, a popular soap opera set in Kenya, is playing on a screen at the offices of iRoko TV – an online platform commonly dubbed the “Netflix of Africa”.
Delta International Property Holdings Ltd. (DLI) plans to raise about $90 million over the next two months to fund the purchase of office and retail developments in Africa.
Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets – Uganda, Ghana and Cameroon, the company said on Monday.
Nigeria’s Blessing Okagbare set a new Commonwealth record of 10.85 seconds to win 100m gold and put her Jamaican rivals in the shade.
The development pipeline for prime grade property in Lagos has been growing at an unrelenting pace recently.
Strong appetite for investments in financial technology has prompted the launch of a private equity firm dedicated to the sector in emerging markets.
The world’s negative perception of Nigeria is a “tragedy”, a political official from the country told CNBC, who advocated focusing on the strength of Nigeria’s economy rather than its struggles with Islamist terrorism and increasing instability.
Doyin Okupe, Nigeria‘s Senior Special Assistant on Public Affairs to the President, Goodluck Jonathan, defends the government’s attempts to tackle the problem of the insurgency and says the “safe return” of the girls kidnapped by Boko Haram is key.
Easy Taxi, a leading mobile taxi app in Latin America, Africa, Middle East and Asia, secured USD 40m in Series D funding led by the Russian Phenomen Ventures with participation of Tengelmann Ventures, the investment company of Germany’s multi-sector retailer Tengelmann Group.
Africa’s online real estate sector will be the focus of the entire world within the next five years, according to Obi Ejimofo, managing director of Lamudi Nigeria.
In the first week of August, U.S. President Barack Obama will convene the inaugural U.S.-Africa Leaders Summit in Washington D.C., an unprecedented gathering of African business and political leaders and heads of state.
The Competition Authority of Kenya (CAK) says it doesn’t have jurisdiction to order Safaricom to cut M-Pesa cross network transaction fees.
Nigeria’s 170-million plus population has an estimated 60-million internet users, making it the largest potential market for PayPal of all the countries it has entered in recent months.
How many times have you had that killer idea but you had to shelve it because of a lack of capital or a money related obstacle?
With tech hubs, a newly wealthy class, and an exploding population, Lagos is forging a model for Africa’s urban future. Saturday night in Africa’s biggest city, Lagos, and five of us are lip-reading across the table above the thumping music at Rhapsody’s, a restaurant-club on upscale Victoria Island.
At the most recent FT Business of Luxury Summit held in Mexico City on 11-13 May 2014, the “Next 15″ emerging markets were showcased as the next wave of growth opportunities for luxury products and services.
Malek Bou-Diab, Portfolio Manager at Bellevue African Opportunities, discusses how to invest in Africa’s booming infrastructure story.
The popular San Francisco- based car ordering service Uber has just launched in Lagos, Nigeria.
Like many African workers Olalere Ojedokun’s only pension plan was sending his kids to school so they could take care of him in old age, but that changed when Nigeria introduced a contributory pension scheme that it hopes will cover everyone.
Cushman & Wakefield has evaluated the risks of acquiring office space in the most sought after emerging and frontier markets.
An excellent, in-depth video of Nigeria’s history by Jide Olanrewaju
As global investors and business leaders look to Africa as the next region of transformative economic growth, they are paying increasing attention to Nigeria.
Nigeria continues to have the potential to be a major player in the world economy.
Papa Madiaw Ndiaye is CEO of AFIG Funds, a Mauritius private equity fund management company with offices in Dakar (Senegal), Johannesburg (South Africa), and Washington, DC (USA).
Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany, according to McKinsey & Co.
Once upon a time I believed Lagos, Nigeria was the centre of the [Africa] universe.
Nigeria’s oldest commercial bank, First Bank Nigeria, has been announced the official partner of PayPal in Nigeria.
Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013.
Kenya’s stock exchange will be valued at 1.84 billion shillings ($21 million) after listing its shares in an initial public offering, Chief Executive Officer Peter Mwangi said.
BlackBerry has unveiled its Z3 smartphone in Nigeria, offering users who buy the device this month free application downloads valued at NGN8,000 (US$50).
Aliko Dangote made his fortune by gambling on Africa’s future, repeatedly. For the Nigerian entrepreneur, that gamble has paid off spectacularly.
PayPal has signed up “tens of thousand” of Nigerians in its first week of operating in Africa’s biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform, a company official said.
NIGERIAN cinephiles rejoiced this month as news emerged that “Half of a Yellow Sun” (pictured above), arguably the most ambitious film project in the nation’s history, had received a release date in its own country.
Nigeria’s central bank held interest rates at 12 percent on Tuesday, keeping them at the same level as the last two years, but its new governor said he would be seeking a gradual reduction in rates over the next five years.
Across sub-Saharan Africa, consumer demand is fueling the continent’s economies in new ways, driving hopes that Africa will emerge as a success story in the coming years comparable to the rise of the East Asian Tigers in the second half of the 20th century.