Botswana News

Orange Seeks Africa Deals as Wireless Carrier Eyes Expansion

Orange Seeks Africa Deals as Wireless Carrier Eyes Expansion

Orange SA is seeking deals in Africa as France’s biggest wireless carrier targets the continent as a source of additional revenue growth, according to a company official.

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Privately-owned Nakumatt, Kenya’s biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said last Wednesday.

Arif Naqvi, Group CEO, Abraaj Group. Credit: Bloomberg

Private equity firm Abraaj is interested in buying Barclays Africa (Infographics & Video)

Abraaj Group, the private equity firm that invests across emerging markets, is interested in buying a stake in Barclays Plc’s South African business.

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Co. will pay $3.15 billion to buy Anheuser-Busch InBev NV out of an African bottling joint venture after the Budweiser brewer’s takeover of the U.S. beverage company’s partner in the region.

Nic Rudnick, CEO, Liquid Telecom

Liquid Telecom buys Neotel for $466M to form Africa's largest fiber network

Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.

Spotlight on Southern Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on Southern Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 277 reported private equity deals in Southern Africa totaling $3.5 billion.

Across Africa, 3 in 4 countries improve business environment

Across Africa, 3 in 4 countries improve business environment (Infographic)

Almost three-quarters of African countries saw an improvement in their business environments in 2016, according to the Doing Business 2017 report published in October by the World Bank.

How Africans are using technology to solve problems

How Africans are using technology to solve problems (Infographic)

The advent of the internet and technology has changed the world. With over 70% of Africa’s population under 30, the continent has one of the youngest populations in the world.

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.

Here are 7 predictions for Africa's tech sector

Here are 7 predictions for Africa's tech sector

As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role.

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

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”.

Kuben Naidoo, Deputy Governor, South African Reserve Bank

As Bob Diamond readies Barclays Africa bid, South Africa warns on bank buyouts

South Africa raised caution over Bob Diamond’s potential offer for Barclays Plc’s local unit, with the central bank signaling that private-equity bidders for the country’s third-largest lender would face opposition from regulators.

South African supermarket chain Pick n Pay to partner with AG Leventis in Nigeria expansion move

South African supermarket chain Pick n Pay to partner with AG Leventis in Nigeria expansion move

South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its home market, it said on Tuesday.

Chris Folayan, Founder and CEO, MallForAfrica

Mall For Africa: How a Nigerian built an African e-commerce empire from his bedroom

As an Africa business coach and consultant I have the pleasure of wandering through African business news and related success stories as part of my job.

Shop Africa 2016: Knight Frank

Shop Africa 2016 (Report & Infographics): Knight Frank

Sub-Saharan Africa is experiencing a wave of modern shopping mall development. The retail sector has become a major focus for development activity in recent years, as investors have been attracted by the growth potential of African consumer markets.

Africa's mobile subscriptions grow fastest globally

Africa's mobile subscriptions grow fastest globally: ITU

Africa experienced the largest growth in mobile subscriptions of any world region in 2014, according to Analyse Africa’s analysis of data from the International Telecommunications Union (ITU).

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays has announced it is to withdraw from Africa. It will gradually reduce its 62% stake in Barclays Africa Group over the next two to three years.

African IPOs Set to Double Capital Raised in 2016 - Baker & McKenzie

African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)

Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies.

Private equity firm African Capital Alliance buys 49% stake in Continental Re

Nigerian PE firm African Capital Alliance buys 49% stake in pan-African reinsurer Continental Re

African Capital Alliance (ACA) announced in early February its purchase of a 49% stake in Continental Reinsurance Plc, the largest private pan-African reinsurer outside of South Africa.

Sub-Saharan Africa's most and least resilient economies

Sub-Saharan Africa's most and least resilient economies (Infographics): Anna Rosenberg, Head, Sub-Saharan Africa Research, Frontier Strategy Group

While SSA was predicted to grow above 5% year-over-year in 2015 at the beginning of the year, actual GDP growth is more likely to come in at around 3–4% year-over-year.

Chris Low, Group Managing Director, Letshego Holdings

Botswana's Letshego buys FBN Microfinance Bank in Nigeria expansion move

Gabarone-based Letshego Holdings Limited the financial inclusion focused group with consumer, micro lending and deposit-taking subsidiaries across Southern and East Africa, says it has acquired a 100% shareholding in FBN Microfinance Bank (FBN MFB) from its parent, FBN Holdings plc.

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.

Attaendees at a Speed Meet Africa event discuss new opportunities

Goodbye Europe, Hello Africa: Frances Mensah Williams, Managing Editor, ReConnect Africa

When Ernestina Ellen Boadi resigned from her job as an Events Management Executive in London, it wasn’t because she planned to switch to a better job in the city.

Africa's Prospects - Macro Environment, Business, Consumer and Retail Outlook Indicators. Credit: nielsen.com

Africa's Prospects - Macro Environment, Business, Consumer and Retail Outlook Indicators (Infographics & Report): Nielsen

Africa’s rise in prominence is part of an overall global trend that has seen a shift in economic opportunity from the developed to the developing world. In fact, 6 out of the 10 fastest growing economies in the world are in Africa.

Africa's digital banking boom

Africa's digital banking boom

Five years ago, banking clients in Nairobi had to spend an hour queuing to pay their utility bills. Fast forward to the present day, and these clients can now pay their bills at the touch of a button from the comfort of their home.

South Africa's largest REIT Growthpoint joins forces with Investec and IFC to invest in African real estate

South Africa's largest REIT Growthpoint joins forces with Investec and IFC to invest in African real estate

Growthpoint Properties, South Africa’s largest REIT and a JSE ALSI Top 40 Index company, has entered a joint venture with Investec Asset Management, in partnership with the International Finance Corporation (IFC), to make real estate investments in several African markets outside of South Africa.

During the past 10 years, the GDP of the 11 largest sub-Saharan Africa countries increased 51%, more than twice the world's 23%. Credit: bloombergview.com

Where's the Growth? Africa

Here’s a nice way to stump your companions: Ask them what part of the world has had the fastest economic growth over the last 10 years.

African Markets Guide 2015: Barclays

African Markets Guide 2015: Barclays (Report)

African credit markets have continued to grow at a rapid pace, while rising debt and falling commodity prices have put pressure on fundamentals. The recent high correlation of African spreads to global EM credit markets has challenged the thesis that Africa offers diversification, but the meaningful intra-regional dispersion offers opportunities, in our view.

Choppies Plans Sub-Saharan Africa Expansion in Market Share Push

Choppies Plans Sub-Saharan Africa Expansion in Market Share Push

Choppies Enterprises Ltd., the Botswanan supermarket chain that listed in South Africa in May, plans to open about 30 stores in the year through June and may also expand via acquisitions as the retailer seeks to increase market share in the region.

Africa Exchange Guide 2015 - African Alliance

Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation)

Here is general information on exchanges across Africa, including: currencies, time zones, trading hours, open days, market operation, settlement, trading lot sizes, public holidays, monetary policy, taxation & indices. The guide was compiled by African Alliance.

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.

Hurley Doddy, Co-Chief Executive Officer of ECP and outgoing Chairman of Continental Re. Credit: privcap.com

Private equity firm Emerging Capital Partners exits Continental Reinsurance Plc

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, along with its investment partners, announces the sale of C-Re Holding Limited to Saham Finances S.A, the insurance arm of Saham Group. C-Re Holding holds a 53.6% stake in Continental Reinsurance Plc, the leading private reinsurance company in Africa, excluding South Africa.

A wall of mixed retail opportunity (Reuters/Siphiwe Sibeko)

The most promising retail markets in Africa are in countries people rarely talk about

It is rarely mentioned countries, like Gabon, Botswana and Angola, that are increasingly becoming attractive for multinational retailers looking to launch and expand on the African continent, according to a new report.

South Africa's Truworths in talks about $462M bid for British footwear retailer Office

South Africa's Truworths in talks about $462M bid for British footwear retailer Office

South African fashion retailer Truworths International said on Monday it was in talks with privately owned shoe chain Office about acquiring the British company.

Rendering of Le Grand Marche de Libreville, Gabon

The 2015 African Retail Development Index (Infographics, Video & Report): AT Kearney

Africa’s landscape is changing. As economies rise and a shopping culture emerges, the retail opportunity is greater than ever before.

Johannesburg skyline | Source: Shutterstock

South Africa still leads the rest of Africa on foreign investment

Despite an overall deceleration in growth in recent years, South Africa leads as the top destination in Africa for inward foreign direct investment (FDI) and shows clear economic potential, according to new research from fDi Markets.

African Development Bank announces expansion of its African Bond Index

African Development Bank announces expansion of its African Bond Index

The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/ AFMISM Bloomberg® African Bond Index (ABABI) in February 2015.

Shoprite is cementing its standing as Africa's retail giant. (Reuters/Staff)

South Africa's Shoprite supermarket has the edge on Walmart's Nigeria plans

Get ready for the Nigerian supermarket wars. Within weeks of each other, two major retailers have announced their intention to battle it out in Africa’s largest consumer-goods market.

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.