Being local is key. Simply put, it helps us to identify great businesses, work in partnership with investee companies, and manage risks. That philosophy has always been core to the investment thesis across each of the markets we work in and Africa is no exception.
The art of telling a great story is timeless, and film director and producer Kemi Adetiba is drawing on her skills to make magic behind the camera.
If you follow the right accounts for young African tech entrepreneurs on Twitter, it can feel like there’s a never ending debate about who gets funding or not in Africa.
Over the last 15 years, Africa has seen significant mobile telecoms growth and now data is being viewed as the ‘new oil’ on the continent.
Standard Bank is now only South African lender with black CEO. Kruger will remain an executive director of the bank.
Interswitch Ltd., a Nigeria-based payments-processing company, expects to complete its delayed dual listing in London and Lagos before the end of 2019.
A budget bank is booming in South Africa’s economic slump, challenging the decades-long dominance of the “big four” lenders and prompting a price war that is driving down banking costs in a country where many people can’t afford an account.
Nigerian banker Jim Ovia has made at least $84.5 million in paper gains over the last one year as shares of Zenith Bank, a Nigerian-Stock Exchange-listed commercial bank in which he holds a minority stake, surged 59.32%.
Nigeria’s leading airline could soon be under new management.
With Ethiopia having the second biggest population in Africa, it is under growing pressure to tackle unemployment.
Dangote, who was worth $12.3 billion as of mid-August, according to the Bloomberg Billionaires Index, is modest in his personal life but bold in business.
Chairman Koos Bekker countered criticism Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd. by reminding investors that they would have been a lot poorer if he’d given in to similar pressure to sell the holding years ago.
Kenya’s Supreme Court has nullified the result of the August 8 presidential election won by President Uhuru Kenyatta.
Monetary policy officials unified some of their multiple exchange rates when they let currency dealers quote naira levels used in actual trades this month.
Market Research Company Euromonitor International revealed earlier this week the key trends shaping travel and tourism in Africa at the 41st Annual World Tourism Conference in Kigali, Rwanda.
When it comes to domestic air travel in Africa, Kenya’s capital Nairobi is king.
A Nigerian startup is developing a new agricultural commodities exchange in Africa’s most populous country to take advantage of the government’s efforts to boost farming output to reduce reliance on oil.
How the roles have reversed: The colonizer, some Portuguese contend, has been colonized.
Americans can now buy African goods on eBay through the company’s partnership with MallforAfrica.com.
Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals.
Nothing, outside a financial-market collapse on the scale of the Great Recession, can faze Capitec Bank Holdings Ltd.
Nigerian billionaire Aliko Dangote’s first order of business if he succeeds in buying English Premier League soccer club Arsenal will be to fire the manager, Arsene Wenger.
Some property pundits believe there are major opportunities for investors or companies on the continent.
A.P. Moller Holding, a privately-held investments company with approximately $20bn under management, has launched an Africa-focused infrastructure fund.
Nigerian lenders will try to stabilise the business of 9mobile, the country’s fourth largest telecoms group, until they can find new investors.
Nigerian stocks hit a 33-month high on Tuesday as foreign investors bought shares following improved liquidity on the currency market and a strong half-year performance by listed companies.
The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country.
South Africa’s President Jacob Zuma is keen to hand over the reins of power to the mother of his children.
Standard Bank Group Ltd., Africa’s largest lender by assets, plans to start a prime brokerage next month to benefit from regulatory changes in South Africa it expects will boost the hedge-fund industry.
Safaricom Ltd. of Kenya plans to introduce an e-commerce platform within eight months targeting formal retail and informal online trading in East Africa’s biggest economy.
Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate.
Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.
Aboyeji is the Co-Founder of Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa.
“Kah-ri-ye!!” That is my earliest memory of hearing my English name spoken and it dates to the early 90s on the field at my primary school in Nairobi.
Virgin Mobile and Vodacom, as well as Bua Group, are among companies interested in acquiring 9mobile, formerly Etisalat Nigeria, according to ThisDay.
Telecoms group 9mobile is open to new investors but will continue to manage the business in the meantime, its chief executive said on Wednesday at an event to officially announce the company’s new name to replace Etisalat Nigeria.
Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt.
AfrAsia Bank and New World Wealth recently reviewed the 10 wealthiest cities in Africa by total wealth held.