Algeria News

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen on Wednesday opened a new assembly plant in Kenya and launched plans for a ride-sharing service in Rwanda as it seeks to take advantage of surging car demand in Africa.

Africa Digital Market Outlook

Fact of the Day: Africa to pass 1 billion mobile subscriptions by end of 2016, says Ovum (Infographic)

Africa is expected to cross 1 billion mobile subscriptions in the fourth quarter of 2016, reaching 1.02 billion by year-end, according to global advisory firm Ovum.

Business-to-business market in Africa to show $1 trillion growth by 2025, says McKinsey

Business-to-business market in Africa to show $1 trillion growth by 2025, says McKinsey

According to the World Bank, 35 of 47 economies in sub-Saharan Africa took at least one step in making it easier to do business in their country in 2015.

Kia Motors to assemble cars in Ethiopia

Kia Motors to assemble cars in Ethiopia

South Korea’s Kia Motors Corp signed a deal with an Ethiopian company last week to start assembling cars in Ethiopia and is thinking of similar operations elsewhere in Africa.

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.

Africa attractiveness program 2016: EY

Africa attractiveness program 2016: EY (Infographics & Reports)

We are at an inflection point in terms of the structural evolution of most African economies. Decisions made and actions taken now will determine, which of these economies consolidate the gains made over the past decade as a platform for sustainable growth in coming decades.

Mobile Economy - Africa 2016: GSMA

The mobile economy - Africa 2016: GSMA (Infographics & Report)

At the end of 2015, 46% of the population in Africa subscribed to mobile services, equivalent to more than half a billion people. The region’s three dominant markets – Egypt, Nigeria and South Africa – together accounted for around a third of the region’s total subscriber base.

3 reasons things are looking up for African economies: McKinsey & World Economic Forum

3 reasons things are looking up for African economies: McKinsey & World Economic Forum

In 2010 the McKinsey Global Institute (MGI) described the potential and progress of African economies as “lions on the move”.

Ajen Sita, CEO, EY Africa

Africa's development within the global economy: Ajen Sita, CEO, EY Africa

While Africa’s 2015 GDP is down 1.2% from 4.6% in 2014, it is still among the fastest growing regions in world.

Denis Duverne, Director, Deputy CEO, AXA

AXA expands Africa operations in joint venture with Lloyd's specialty group Chaucer

AXA is targeting the rapidly expanding market for African specialty insurance by partnering with Chaucer, a Lloyd’s specialty insurance group.

Shayne Nelson, CEO, Emirates NBD

Dubai banking group Emirates NBD plans more success out of Africa

Emboldened by the bank’s success in Egypt, the chief executive of Emirates NBD is eyeing further expansion into Africa.

AIG is the company behind Africa's largest e-commerce company Jumia

Goldman Sachs & MTN to invest $245M in Nigerian e-commerce firm Africa Internet Group (AIG)

Africa Internet Group (AIG) has secured €225 million ($245 million) in funding from investors including US bank Goldman Sachs, South African telecoms giant MTN and German startup incubator Rocket Internet.

A resort in Zanzibar, Tanzania

Tourism in Africa: On the rise but has not at its full potential

For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa.

Here are 17 facts about Africa you might not know

Here are 17 facts about Africa you might not know

Here are some key facts and figures, courtesy of the Indo Asian News Service (IANS), about a continent that is not only one of the fastest growing regions of the world but one that is economically, culturally and linguistically diverse.

Nancy Kacungira, New Anchor, KTN

Why I cannot tell 'the African story': Nancy Kacungira, News Anchor, KTN (Infographic)

Ugandan TV journalist Nancy Kacungira has won the first BBC World News Komla Dumor Award for Africa-based journalists.

Compelling investment markets in Africa. Credit: sc.com

Compelling investment markets in Africa - Inside Riscura's Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)

Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.

Starwood will be opening the Four Points by Sheraton Oran in November, marking the entry of the brand into Algeria

Starwood Hotels accelerates growth in Africa with seven new deals

Company to expand Africa portfolio by over 50% in the next five years entering new markets and introducing more brands.

Market Vectors Africa Index ETF (AFK)

Invest In Africa's Growth Through The Market Vectors Africa Index ETF

The Market Vectors Africa Index ETF is the simplest and most efficient solution for investors to gain exposure to Africa’s economic growth. The fund has experienced a sharp drop in price since 2014, which is not at all correlated to the financial earnings of the fund’s major holdings.

Africa Report 2015 - Real Estate Markets in a Continent of Growth and Opportunity - Knight Frank

Africa Report 2015 - Real Estate Markets in a Continent of Growth and Opportunity: Knight Frank (Infographics & Report)

The Africa Report is a unique and market-leading publication which draws on the expertise of Knight Frank’s unrivalled network of property professionals in Africa. The report presents a wealth of material highlighting the growth of Africa’s economies, cities and real estate markets.

Mac Maharaj in Durban, June 2015

Full transcript: FT interview with Mac Maharaj on Mandela, Zuma and South Africa

The following is a transcript of a wide-ranging interview between Alec Russell, News Editor of the Financial Times, and Mac Maharaj, former confidant of Nelson Mandela and until recently the spin-doctor of President Jacob Zuma.

Africa Asset Management 2020 - PwC

Africa Asset Management 2020: PwC (Infographics & Report)

Africa presents an exciting opportunity: As wealth continues to increase, more domestic investors emerge, while improvements in regulatory frameworks are enticing foreign investment and distribution.

Africa’s millionaires are in Nigeria, Egypt, South Africa with some in Kenya too

Africa's millionaires are in Nigeria, Egypt, South Africa with some in Kenya too (Infographics)

It’s beginning to sound like a broken record, but the Africa rising mantra increasingly rings true.

US Federal Reserve Board building

How will US monetary tightening impact African markets?

The US Federal Reserve is set to tighten its monetary policy for the first time after the 2008 global financial crisis.

In November of last year, French insurer AXA bought control of Nigeria's fourth-largest insurer, Mansard Insurance.

Africa: A growing insurance market

Low penetration across most African markets spell many opportunities for insurers, but success will depend on their ability to devise strategies to expand their foothold in a continent of 54 immensely diverse economies.

Sub-Saharan Africa’s national oil companies have big ambitions but funding remains a challenge.

Sub-Saharan Africa's national oil companies have big ambitions. Funding remains a challenge: Rolake Akinkugbe, Head of Energy and Natural Resources, FBN Capital

In March, Saudi Aramco concluded a $10 billion standby revolving credit facility deal with 27 international lenders, the largest of its kind in the Gulf region for years. Even revenue-rich Saudi’s NOC needs large pools of capital from abroad.

Into Africa - The continent’s Cities of Opportunity - PwC

Into Africa: The continent’s Cities of Opportunity - PwC (Video, Presentation, and Report)

Megatrends are colliding across Africa. The growing middle class, the strong demographic growth with improving age mix, the technological innovation that we have already seen in mobile payments for example, growing choice of investment partners from the global south and fast-paced urbanization are shaping what the future of Africa could look like.

Marek Zmyslowski, Managing Director, Jovago

Why you should take chances: Marek Zmyslowski, Managing Director of top African hotel booking website Jovago (Video)

Marek Zmyslowski is the CEO and Managing Director of Lagos-based Jovago. Jovago is an online marketplace that connects travellers across Africa with hotels. Jovago enables customers to secure hotel rooms through an online platform that is faster, cheaper, and easier than the alternative of making a phone call.

Donald Kaberuka, President, African Development Bank (AfDB)

Build Africa's defenses against economic shocks now: Donald Kaberuka, President, African Development Bank (AfDB)

While many of the world’s most advanced economies suffered historic setbacks following the 2009 financial crisis, overall African economies fared well.

A CAF executive meeting, attended by Sepp Blatter and Issa Hayatou, voted for Gabon to host the 2017 Africa Cup of Nations. Photograph: Hassan Ammar/AP

Gabon to host 2017 Africa Cup of Nations (AFCON)

Gabon beat Algeria and Ghana for right to host tournament. Gabon replaces Libya. Libya withdrew as hosts due to civil conflict.

FastJet

FastJet seeks South African investors to fund growth in bid to become the "first pan-African discount airline"

FastJet Plc is approaching potential South African investors about buying stakes to finance a route expansion in the east and south of the continent and support its effort to become the first pan-African discount airline.

IPO Watch Africa 2014 - PwC

IPO Watch Africa 2014: PwC (Infographics & Report)

IPO Watch Africa surveys all new primary market equity IPOs and FOs in which capital was raised on Africa’s principal stock markets and market segments, as well as IPO and FO activity of African companies on international exchanges, on a yearly basis.

Runa Alam, CEO, Development Partners International (DPI)

Africa's opportunities far outweigh its risks: Runa Alam, Co-Founder & CEO, Development Partners International (DPI)

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African private equity firm, in 2007.

Manchester City midfielder Yaya Toure has become the first player to be named Confederation of African Football African Footballer of the Year four years in a row.

Yaya Toure wins fourth African Player of the Year title in a row

Manchester City midfielder Yaya Toure has become the first player to be named Confederation of African Football African Footballer of the Year four years in a row.

Diezani Alison-Madueke, Nigeria's Minister of Petroleum

Nigeria's petroleum minister Diezani Alison-Madueke appointed Gas Exporting Countries Forum (GECF) president

Nigeria’s Petroleum Resources Minister, Diezani Alison-Madueke, on Tuesday emerged the new president of the Gas Exporting Countries Forum, GECF.

Africa's Richest 2014 Visualization

Africa's Richest 2014 (Visualization)

Visualization of Africa’s Richest 55. Data courtesy of Ventures Africa. Sort and filter by Net Worth (US $). Filter by Number of Jobs Created, Country of Citizenship, Industry, Age, and Gender.

Harmattan wind

How not to write about Africa: Use "African Spring"

On October 30, as thousands of determined Burkinabe put an end to the 27 year rule of their Western-backed autocratic leader, Blaise Compaoré, journalist Hewete Selassie asked a question (in a tweet) that pops up whenever mass protests break out somewhere in Africa: “So is #BurkinaFaso the beginning of the African #Arabspring?”

SAOTA-designed luxury villa in South Africa

Which African countries will see the greatest growth in millionaires over the next 10 years?

Research firm New World Wealth recently put together a ranking of African countries forecast to experience the greatest growth in high-net-worth individuals (HNWIs) over the coming decade.

Thierry N'Doufou, CEO, Qelasy

How Africa's first education tablet computer was created: Thierry N'Doufou, CEO, Qelasy (Video)

Thierry N’Doufou’s three eldest children tumble out of the car; the little one trips over her school bag as she tries to work out what to do with her break-time snack.

Emerging Capital Partners (ECP) Private Equity

Private equity is Africa's best-kept investment secret: Hurley Doddy & Vincent Le Guennou Co-CEOs of Emerging Capital Partners (ECP) Private Equity

Africa is ripe for investment, a fact that is being acted upon by Abu Dhabi companies with increasing regularity.

Demands for the creation of Biafra state are still heard in south-east Nigeria

Will Scottish referendum encourage Africa's separatists?

Many African countries have secessionist movements, partly because their borders were drawn up by colonial powers in the 19th Century.

Porsche Panamera

Porsche Returns to Kenya With Franchise as Growth Spurs Wealth

Porsche AG, the luxury-car maker, opened a franchise in Kenya today to take advantage of an expanding economy and after securing a local partner to sell the vehicles.

US-Africa Business Forum - Africa is Building a Better Business Landscape

US-Africa Business Forum: Africa is Building a Better Business Landscape (Video)

Data + Transparency = Market Confidence