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.
The legal tussle between Nigerian regulators and MTN, Africa’s largest mobile operator has taken yet another turn.
Last month DEMO Africa took place in Lagos, Nigeria, with 30 tech startups pitching to an audience of investors.
If American politics are brutal, then those in Nigeria are a blood sport. Since 1963, there have been 14 Nigerian heads of state.
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.
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” …
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.
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.
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.
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 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, 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 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. 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.
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.
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.
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.
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.
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.
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.
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.
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.
An advisory council appointed by US Secretary of Commerce Penny Pritzker to expand business opportunities in Africa is now in full swing.
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 comedian Trevor Noah is to replace Jon Stewart on The Daily Show, the New York Times reports.
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.
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.
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 (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.
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.
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.
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.
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.
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, a pan-African investment firm based in Lagos, Nigeria, talks about the investment climate and availability of capital in different African countries.
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.
You’ve probably heard by now about the Afropolitans and the Afropreneurs — but what about the Africapitalists?
Former Nigerian banker turned philanthropist & entrepreneur, Tony Elumelu, is profiled.