Barack Obama News

Wole Soyinka at home in Abeokuta, Nigeria. Credit: theatlantic.com

A Nigerian Nobel Winner Exits Trump's America

“Trump’s wall is already under construction,” Wole Soyinka says. “Walls are built in the mind, and Trump has erected walls, not only across the mental landscape of America, but across the global landscape.”

Africa-focused private equity funds AFC and Harith merge $3.3 billion in electric power assets

Africa-focused private equity funds AFC and Harith merge $3.3 billion in electric power assets

Harith General Partners (Harith) and Africa Finance Corporation (AFC), two preeminent institutional investors based in Africa, have merged their assets, expertise and experience to create a new energy entity combining both renewable and non-renewable power generating assets in Africa.

Eric Holder, Partner, Covington & Burling & former US Attorney General

Africa's largest mobile operator MTN has hired former US Attorney General Eric Holder to take on the Nigerian government

The legal tussle between Nigerian regulators and MTN, Africa’s largest mobile operator has taken yet another turn.

US President Barack Obama (L) and M-KOPA Solar representative. M-KOPA, headquartered in Nairobi, Kenya, is the global leader of “pay-as-you-go” energy for off-grid customers.

The African tech startup scene has been transformed in just four years

Last month DEMO Africa took place in Lagos, Nigeria, with 30 tech startups pitching to an audience of investors.

Muhammadu Buhari, President of Nigeria

Putting Nigeria to the test: Will democracy stick?

If American politics are brutal, then those in Nigeria are a blood sport. Since 1963, there have been 14 Nigerian heads of state.

Corporate Entry into Africa - A New Chapter - Jones Lang LaSalle

Corporate Entry into Africa - A New Chapter: Jones Lang LaSalle (Report)

Africa has seen a surge of corporate interest and investment in recent years. Total FDI inflows into the region more than doubled since 2003 as international companies have sought to benefit from the sustained economic growth, rapid pace of urbanisation, emerging middle class and the myriad of other growth opportunities the African continent presents for international business.

President Uhuru Kenyatta with CNN Global Executive Vice President and MD Tony Maddox

CNN boss apologizes to Kenya for "hotbed of terror" statement after Kenya cancels advertising deal

CNN has apologized to Kenya over a recent terrorism slur. n a televised CNN report preceding President Obama’s July trip to Kenya, the news network referred to the East African country as a “hotbed of terror” …

Dakar, Senegal: The city is predicted to be one of the top 10 most visited cities in Africa in 2015

Europe, Asia? No - Airbnb's next big push is in Africa

Airbnb, the world’s leading service to rent out rooms or properties over the Internet, has announced plans to rapidly accelerate its growth in Africa, particularly in key markets such as Kenya and South Africa.

Dar es Salaam, Tanzania

Africa Rising: Now is the time to invest in the world's fastest-growing continent - CFA Institute

Ever heard the phrase “Africa is not for sissies”? Having been born and raised in South Africa, I’ve certainly said it many times — we tend to think it takes a certain amount of “toughness” (perhaps a little braggadocio?) to survive and thrive in the world’s second-largest and second-most-populous continent.

Barack Obama, President of the United States of America

Africa to Obama: Mind your own business

United States President Barack Obama is the most admired foreign leader in Africa because he has ancestral roots in our continent.

Barack Obama, President of the United States of America

Young Africans to Obama: 'Clean your own house first'

President Obama came to Africa to deliver a “blunt message” to its politicians. But young people in Kenya and Ethiopia had plenty to say to Mr Obama about the state of America.

Lagos, Nigeria

Meet Some Of The Lagos Luminaries Shaping Nigeria's Tech Scene

President Barack Obama may be the most famous citizen of the United States traveling around Africa this week, but he’s not the only one.

Airbnb

House sharing service Airbnb plans Africa expansion

Airbnb is hoping to spread its unique brand of hospitality throughout Africa. The San Francisco company, which allows people to rent rooms in their private homes to travelers over the Internet, held an event July 27 in Johannesburg, where Airbnb Chief Executive Officer Brian Chesky walked local reporters through the company’s ambitions in the world’s second-most populous continent.

SkyPower signs $2.2B agreement to build 1 GW of solar energy projects in Kenya

SkyPower signs $2.2B agreement to build 1 GW of solar energy projects in Kenya

SkyPower, the world’s largest developer and owner of utility-scale solar photovoltaic (PV) energy projects, signed a landmark agreement with the Kenyan Ministry of Energy and Petroleum for the development of 1 GW of world-class solar projects to be built in four phases in Kenya over the next five years.

Ethiopia's government agreed to purchase power in an accord signed on Monday during President Barack Obama’s visit to the Horn of Africa nation. Photographer Saul Loeb/AFP via Getty Images

Africa's fastest growing economy Ethiopia agrees on first deal for privately produced electricity

Ethiopia’s government signed a deal to buy electricity from a geothermal-power plant being developed by companies including Reykjavik Geothermal Ltd. of Iceland, a partner in the project said.

General Electric Co (GE) CEO for Africa, Jay Ireland. Photographer: Patrick T. Fallon/Bloomberg

GE books $2.5B in African orders from oil to locomotives, beating 2018 target by $500M

General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.

A farmer, left, accepts cash payment for his grain from a buyer in the village of Damo Dulele, Ethiopia, in February 2015. Growth in Ethiopia has beaten every other sub-Saharan country over the past decade. Photographer: Simon Dawson/Bloomberg

The world's most optimistic people live in Africa (Infographics)

Sure, France has Paris, Provence and the Palace of Versailles. But when it comes to optimism about the domestic economy, the French have nothing on Ethiopians.

#SomeoneTellCNN: CNN gets ridiculed on Twitter for calling Kenya a "Hotbed of Terror"

#SomeoneTellCNN: CNN gets ridiculed on Twitter for calling Kenya a "Hotbed of Terror"

US President Barack Obama is visiting Kenya this week and CNN has been reporting on how the region is a so-called “Hotbed of Terror”. CNN’s narrow characterization of Kenya has spawned a particularly heated and amusing backlash from well-informed Twitter users who got the mocking hash tag #SomeoneTellCNN trending worldwide.

Muhammadu Buhari, President of Nigeria

Lessons Nigeria's Buhari can learn from Obama about managing a tough economy

It is atypical for an American president to invite a nascent African head of state to the White House, especially less than two months after the latter’s inauguration.

In this May 29, 2015 file photo, Nigerian President, Muhammadu Buhari, salutes his supporters during his Inauguration in Abuja, Nigeria. (AP Photo/Sunday Alamba, File) (Sunday Alamba/AP)

Nigeria committed to good governance and fighting terror: Muhammadu Buhari, President of Nigeria

This month, the world moved a step closer to the defeat of Boko Haram, the jihadist group that has terrorized hundreds of thousands in the northern states of Nigeria.

Traditional Nigerian dances have been joined by new music and attitudes

I've seen Nigeria's old power at work. I know change is coming: Ken Saro-Wiwa, Jr., Partner, Dragon Africa

When President Muhammadu Buhari was sworn in as Nigeria’s 15th head of state last month, it was, as the saying goes, the beginning of an end and the end of a beginning.

Aliko Dangote, Africa's richest man, is investing $11 billion to build a 500,000 barrel/day refinery in Nigeria, scheduled to come online by mid-2018.

Is Nigeria poised for a massive refining boom?

President Obama was not among the heads of state at the inauguration of incoming President Muhammadu Buhari on May 29, 2015. However, in his private conversations with Nigeria’s new president, he might offer Mr. Buhari some encouragement that, beyond the friendship between their nations, they share something else in common.

There is no better moment to invest in Africa than now

There is no better moment to invest in Africa than now

Home to the world’s youngest population, untapped natural resources and a growing middle class, Africa has become the target for investors keen on high returns.

African Ad Agencies Emerging as Force in World Market.

African Ad Agencies Emerging as Force in World Market

Western advertising and public relations agencies are increasingly merging with African counterparts to attract international corporate clients looking to break into Africa — considered the last frontier for consumer markets.

Victoria Island, Lagos, Nigeria

Develop a strategy for Africa now before it's too late, say Africa investment specialists Melissa Cook, CFA & Walé Adeosun, CFA

An advisory council appointed by US Secretary of Commerce Penny Pritzker to expand business opportunities in Africa is now in full swing.

Attahiru Jega, Chairman, Nigeria's Independent National Electoral Commission (INEC)

Executives should take management tips from the man who just ran Nigeria's complicated elections

Attahiru Jega, the chairman of Nigeria’s Independent National Electoral Commission (INEC) had the unenviable task of delivering a free and fair election for 170 million people last month.

South African Trevor Noah to replace Jon Stewart on The Daily Show

South African Trevor Noah to replace Jon Stewart on The Daily Show

South African comedian Trevor Noah is to replace Jon Stewart on The Daily Show, the New York Times reports.

Born in Ivory Coast, raised in Morocco and educated in France, at the elite Ecole Polytechnique, francophone Tidjane Thiam has spent a lifetime defying the odds. Photographer: Simon Dawson/Bloomberg

Tidjane Thiam, Credit Suisse's next CEO: The gnomes of Zurich bet on the man from the Pru

To his family in Africa, he was “l’ultime espoir” — the last hope. Tidjane Thiam, it’s safe to say, didn’t disappoint. Over the past 30 years, Thiam has traced the arc of ambition from his native Ivory Coast to the top of a venerable British insurer, Prudential Plc, sweeping aside the last racial barrier in U.K. boardrooms.

China and US trade with Africa

U.S. Export Agency Doubles Africa Offices to Help Boost Trade

The U.S. Commercial Service, the export promotion arm of the Department of Commerce, doubled its presence in Africa over the past year to boost trade with some of the world’s fastest growing economies.

Barack Obama, President of the United States, at the US-Africa Business Forum in August 2014

U.S. signs trade pledge with East Africa and eyes rest of the continent

The United States and five East African countries pledged on Thursday to ease trade flows and set the stage for more U.S. investment, a program that could be extended to other parts of Africa.

Yum! Brands

Pizza Hut, KFC, Taco Bell: Africa is where Yum! Brands' growth could come from next

Yum! Brands (NYSE: YUM), the parent company of fast-food restaurant chains KFC, Taco Bell, and Pizza Hut, realized massive growth and profits from expanding its KFC and Pizza Hut restaurants in China in the last few decades.

Solar park

Dubai-based Access Power launches finance vehicle aimed at African energy projects

Dubai-based Access Power MEA and France’s renewable energy developer Eren Developpement launched a new financing vehicle, the first of its kind to be deployed solely focusing on African energy projects.

The state-run China Central Television opened CCTV Africa in Nairobi, Kenya, in 2012. Credit: Sven Torfinn for The New York Times

With CCTV, China strives to be on African minds ... and TV sets

While China imposes strict controls on foreign-produced entertainment at home, it is also eager to see its cultural products embraced abroad. And in Africa, Chinese television shows have become immensely popular — at least according to the Chinese state news media.

Goodluck Jonathan, President of Nigeria

Is Nigeria's President Goodluck Jonathan really clueless?

In addition to the clamor for ‘change’, the next big thing arrayed against Jonathan by his tormentors is the looming notion that he is a ‘clueless’ President.

A room in Protea Hotel Ikeja

Why Marriott International Is Investing In Africa

Marriot’s big start in Africa came this last April with the acquisition Protea, a hotel chain in Africa that would make Marriott the largest hotelier in Africa with the added 117 properties in seven African countries.

octors Without Borders staff carrying the body of a person killed by Ebola in Gueckedou, Guinea on April 1, 2014

Why I am afraid of the "African disease called Ebola"

Wherever I turn, there is Ebola. In the newspapers and magazines, on television and radio, and across the ubiquitous social media. Ebola. I sweat, shake, and cringe in mortal fear. Such an ugly word, fearsome in its primal sound, so African, so dark, so black.

China still trumps the competition in Africa Inc

China still trumps the competition in Africa Inc.

US President Barack Obama earlier this year hosted the first ever US-Africa summit.

Tony Elumelu and Barack Obama at the Ubungo Power Plant

Heirs Holdings can generate a quarter of Nigeria's power needs within the next five years: Tony Elumelu, Chairman, Heirs Holdings

Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”

Tony Elumelu, Chairman of Heirs Holdings

US-Africa Business Forum: An interview with Tony Elumelu, Chairman of Heirs Holdings (Video)

Tony Elumelu, Chairman of Heirs Holdings, a pan-African investment firm based in Lagos, Nigeria, talks about the investment climate and availability of capital in different African countries.

Strive Masiyiwa, Chairman, Econet Wireless Group

US-Africa Business Forum: An interview with Strive Masiyiwa, Chairman of Econet Wireless, and Isis Nyong'o Madison, Principal at Asphalt & Ink (Video)

Strive Masiyiwa, Group Chairman of Econet Wireless International, and Isis Nyong’o Madison, a Kenyan-American who advises companies on investments in Africa talk about how the Internet and mobile devices are helping tie African countries together and overcome geographic barriers.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Tony Elumelu: The Africapitalist who wants to power Africa

You’ve probably heard by now about the Afropolitans and the Afropreneurs — but what about the Africapitalists?

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Game Changers Africa: A profile of Tony Elumelu, Chairman of Heirs Holdings, UBA and Transcorp (Video)

Former Nigerian banker turned philanthropist & entrepreneur, Tony Elumelu, is profiled.