Oando has announced the execution of a definitive agreement with Helios Investment Partners to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (OGP).
Private equity firm Bain Capital has agreed a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said last Tuesday.
Lagos-based real estate classifieds startup ToLet.com.ng announced on Tuesday that it has closed a $1.2 million series A funding round from Frontier Digital Ventures.
Aliko Dangote, Africa’s richest man, plans to buy London-based Arsenal soccer team within four years.
Nigerian filmmakers, producers and actors are hoping a spotlight on Lagos at this year’s Toronto International Film Festival (TIFF) will open Nollywood up to the world.
James Mworia, Centum Investment Group’s Chief Executive, is corporate Kenya’s best paid CEO with an annual compensation of Sh201.1 million (Approximately $2 million).
As I followed the recent protests at a South African girls’ school where students insisted on being allowed to wear afro hairdos to school, I recalled my own days as a student in what used to be one of Nigeria’s most prestigious boarding schools for girls.
Standard Chartered Plc will look beyond Angola’s oil and gas industry to pursue growth. The bank remains committed to Angola even as the country has had to deal with the plunge in crude prices.
‘An African City’ is a television and web series that tells the story of five young, single and successful African women who have resettled in Accra, Ghana after living abroad for many years.
Large companies in Africa are growing faster than their peers in the rest of the world, raking in $1.4 trillion in annual profits and contributing to government taxes and higher wages, a new McKinsey report finds.
Visa Inc., the world’s largest payments network, introduced a mobile-phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest telecommunications company, Safaricom Ltd.
Volkswagen continues to drive forward with the regionalization of the global automotive business. The brand is planning to start production of the Polo Vivo in Kenya at the end of 2016.
With the ink just dry on the BON Hotel Addis Ababa contract, BON Hotels, a hospitality company that owns, manages and markets hotels throughout South Africa and the rest of the continent, has taken on a second property in East Africa.
At times it feels like Nollywood has been around forever, such has been the Nigerian movie business’ impact on pan-African pop cultures and awareness around the world—and in Nigeria itself.
Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.
MTN Group Ltd., Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about $1 billion in an initial public offering.
Africa’s artists have a new online stage to showcase their talent. Nigeria based digital entertainment startup Iroko has launched IrokoX, a multi-platform Pan-African network for filmmakers, musicians, and other creative aspirants to produce, distribute, and monetize short-form content.
Wizkid has pretty much cemented his place as top dog on the scene. The Nigerian star’s adding another notch on his belt with these new reports that he’ll be signing a multi-million dollar deal with a major record label imminently.
The football season in Europe has started with a bang. Premier League clubs spent over a billion dollars in the summer transfer window, with 13 clubs breaking their spending records.
Accelerating growth in emerging markets across the globe, Starwood Hotels & Resorts Worldwide, Inc. recently announced the signing of Four Points Benin City, Nigeria.
“Lagos is entirely unique,” said Cameron Bailey the programme curator in a statement. “The city of Fela Kuti’s music has also given birth to one of the world’s most vibrant film industries.
Nigeria has a growing technology scene full of ambitious young entrepreneurs who are seeking out solutions to various social challenges.
Kenya boasts a diverse economy, improving infrastructure, and a young, dynamic population. However, Kenyan stocks are trading at multi-year lows, offering investors a great entry point for exceptional long-term returns.
Aliko Dangote, Africa’s richest man, has announced that he will invest more than $170 million in the production of rice and sugarcane in Nasarawa state, north-central Nigeria.
Sub-Saharan Africa is a diverse region that presents risks, challenges and opportunities for the insurance industry. No “one-size-fits-all” approach is likely to succeed across individual markets and countries.
Culture is always evolving and changing. Like Chimamanda Adichie said, “Culture does not make people, people make culture.”
After a surprise Nigeria visit to meet with techies in Lagos, Mark Zuckerberg took his Africa tour to Kenya this Thursday.
Rwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.
A hairstyle should not have to be a radical political choice, especially for a girl only just beginning to navigate high school.
Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.
On his surprise tour of tech hubs in Africa, Mark Zuckerberg has made a pit stop in Nairobi.
The Nelson Mandela Foundation recently released video footage which is believed to be Mandela‘s earliest recorded interview.
Facebook CEO Mark Zuckerberg is currently visiting Lagos, Nigeria for his first trip to Sub-Saharan Africa.
Nigeria’s economy has officially entered a recession. The latest growth figures shows the economy shrunk by 2.06% between April and June.
Juliet Anammah, Jumia’s CEO, Nigeria‘s leading online shopping platform, cut her teeth in corporate management at May & Baker Plc where she worked for eight years. Her experience in strategic management at Accenture equally molded her for the challenging task of ensuring that Jumia succeeds in Nigeria.
Facebook Founder, Mark Zuckerberg, has had a busy time, so far, in Lagos. He visited the Co-Creation Hub (Cc Hub), Nigeria’s leading technology incubator-turned-accelerator in Lagos’ Yaba neighborhood, a Silicon Valley-style ground zero.
Facebook founder and CEO Mark Zuckerberg is currently on a business trip to Africa, according to his Facebook page. Zuckerberg stopped over in Nigeria, Facebook‘s largest African market, to learn more about the country’s development and startup scene.