Africa’s rise in prominence is part of an overall global trend that has seen a shift in economic opportunity from the developed to the developing world. In fact, 6 out of the 10 fastest growing economies in the world are in Africa.
For a while now, media companies in Africa have been betting that the continent’s growing consumer class will pay for their premium pay-TV services.
Carlyle Group LP, the world’s second-largest manager of investment alternatives to stocks and bonds, said it may announce new purchases for its sub-Saharan Africa fund early next year as it forecasts the region will grow faster than all other areas except India and China.
Fred Swaniker, the founder of the African Leadership Network (ALN), has plans to launch 25 world-class, African-focused universities in the next 25 to 30 years, which he estimates will be educating around 250,000 people at any given time.
Netflix is set to go live in South Africa next month, according to various local reports—almost exactly a year after the online video service first hinted at debuting on the continent.
It may have started in “The Warehouse” club, Chicago, but the center of the house music world has relocated.
The sculpture standing in the corner of Ayo Adeyinka’s gallery is a message from the future: a child, standing on tiptoe, poised to launch herself into space on iridescent wings.
French distribution group CFAO opened its first shopping mall in Africa on Friday, a $66 million centre in Ivory Coast’s commercial capital Abidjan, as part of a major drive to tap into the growth of Africa’s middle classes.
Africa continues to outperform other world regions despite falling commodity prices and rising conflict in 2015, according to revised GDP figures forecasted by the International Monetary Fund (IMF) accessed via Analyse Africa.
The seemingly never ending battle between MTN and Nigeria’s telecoms regulator, has taken yet another twist. Initially slammed with a record $5.1 billion fine in October, which was later reduced to $3.9 billion, MTN now says it will challenge the fine in court.
JLL announced earlier this month the acquisition of Trussard Property Consultants, a leading local real estate leasing and investment agency business, based in Johannesburg.
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, has announced the closing of a US$19 million financing round led by Generation Investment Management LLP.
Banks across Africa are expected to remain stable in 2016 as resilient earnings, adequate capital levels and deposit-based funding counter rising asset-quality risks, according to Moody’s Investors Service.
Last year, a record $4bn (€3.7bn) was ploughed into private equity fundraising in Africa.
Muhammadu Buhari’s honeymoon period as Nigerian president is well and truly over.
While the collapse in oil prices might seem like unequivocally bad news for Nigeria’s energy industry, there is one Lagos-based executive who sees only opportunity.
A section of Africa’s population has been steadily climbing the affluence stakes, with numbers of multimillionaires predicted to rise by 59% in the next 10 years.
Ikeja City Mall in Lagos has been sold for an undisclosed amount to two South African property funds, Hyprop Investments Limited and Attacq Limited.
Naspers Ltd. plans to increase its exposure to U.S. technology startups as Africa’s biggest company by market value seeks to limit the impact of a U.S. interest-rate rise and identify new Internet growth prospects, Chief Executive Officer Bob van Dijk said.
MTN Group said the Nigerian Communications Commission (NCC) has issued another letter, informing the company that the fine had actually been reduced by 25 percent to NGN 780 billion and not by 35 percent to NGN 674 billion as the regulator had earlier indicated in its letter dated 2 December to MTN.
Nigeria plans to raise the portion of local manufacturing in the automotive industry to 80 percent by 2023 as Africa’s most populous country seeks to cut imports and diversify the economy away from oil, the industry regulator said.
WeChat Africa plans to invest 50 million South African Rand (about 3.5 million US Dollars) in tech startups in Africa.