Cairo News

Africa property offers rich pickings for the brave

Africa property offers rich pickings for the brave

Some property pundits believe there are major opportunities for investors or companies on the continent.

Johannesburg, South Africa

The top 10 wealthiest cities in Africa: AfrAsia Bank & New World Wealth (Infographic)

AfrAsia Bank and New World Wealth recently reviewed the 10 wealthiest cities in Africa by total wealth held.

Pictures of Sudan's Nubian pyramids

One of Africa's best kept secrets - its history

Africa has a rich and complex history but there is widespread ignorance of this heritage. A celebrated British historian once said there was only the history of Europeans in Africa.

Scott Guthrie, Executive Vice President, Cloud and Enterprise Group, Microsoft

Microsoft to deliver Microsoft Cloud from datacenters in Africa from 2018: Scott Guthrie, Executive Vice President, Cloud and Enterprise Group, Microsoft

Microsoft will soon deliver cloud services from datacenters located in Cape Town and Johannesburg, South Africa.

National Museum of African American History and Culture (NMAAHC), designed by David Adjaye. Credit: ozy.com

David Adjaye and the New African Architecture

When David Adjaye set out to document African architecture in metropolitan cities across the continent, he did so informally.

Africa’s rising middle class – and why it matters. Credit: newafricanmagazine.com

Africa's rising middle class - and why it matters

According to the African Development Bank (AfDB), as far back as 2011 there were already 313 million people – or 34 per cent of the continent’s total population – that could be referred to as middle class.

Dar es Salaam, Tanzania

The rise of Africa's megacities

Over the last 35 years, the share of Africa’s population living in urban areas climbed from 27% to 40%.

Johannesburg, South Africa. Credit: sothebysrealty.com

Fact of the Day: Johannesburg, South Africa is the #1 tourist destination in Africa for the 4th year in a row

South Africa’s major urban cities remain the most visited in the African continent, attracting millions of tourists, boosting local tourism and injecting billions of dollars into the economy.

Menlyn Park Shopping Centre, Pretoria, South Africa (Illustration)

Menlyn Park Shopping Centre to cement its place as Africa’s largest mall

Despite a slowdown in consumer spending across South Africa, Pretoria’s Menlyn Park Shopping Centre is undergoing a R2.5 billion revamp that will make it the largest mall in Africa, unseating Durban’s Gateway Theatre of Shopping.

UberEverything will have to get round logistics difficulties in cities like Lagos. (AP Photo/Sunday Alamba)

Uber Africa will diversify beyond car rides this year with its UberEverything service

Having nearly perfected the business of moving people around on the continent, Uber is set to diversify the core of its business in sub Saharan Africa with the introduction of UberEverything.

Stephen Keshi is one of two people to win the Cup of Nations as a player and manager, and the only black African ever to coach at a World Cup. Photograph: Pius Utomi Ekpei/AFP/Getty Images

Stephen Keshi: Brawler, talker and most successful black African coach of all time

The former Nigeria and Togo manager, who died on Tuesday evening aged just 54, was, at the international level, the finest African coach of his generation.

Aliko Dangote’s ventures usually come hand-in-hand with investments in basic infrastructure such as roads and electricity supply, which benefit the local community.

Dangote Group: A trend-setter for Africa's leadership

After three and a half decades in operation, the Dangote Group has grown from a small trading business in Nigeria to become sub-Saharan Africa’s largest manufacturing conglomerate, emerging as a net economic contributor to all the countries in which it operates.

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets. Credit: sokopay.com

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets

From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.

Huawei looks to Africa to cut network deals

Huawei looks to Africa to cut network deals

Chinese telecommunications giant Huawei has spread rapidly across the African continent.

Mitchell Prather, Managing Director, Djembe Communications

We see opportunities in every conceivable sector in Africa: Mitchell Prather, Managing Director, Djembe Communications

We are seeing inquiries from a number of public and private sector entities representing a wide variety of sectors, including financials, agriculture, infrastructure and hospitality, to name a few.

Two Rivers - Kenya

Check out these four mega mall developments soon to be launched in Africa (Photos & Videos)

It’s one of the clearest expressions of the growing middle class in many African countries — a burgeoning demand for shopping malls, each more lavish than the one before.

Grand Ethiopian Renaissance Dam (GERD)

Egypt, Ethiopia and Sudan sign new Grand Renaissance Dam agreement

Egypt, Ethiopia, and Sudan signed an agreement on Tuesday finalizing the two firms tasked with carrying out studies on the potential impact of Ethiopia’s Grand Renaissance Dam on the flow of the Nile.

Africa's other "Big 6": Ethiopian Airlines, South African Airways, Arik Air, EgyptAir, Kenya Airways and Royal Air Maroc

Africa's other "Big 6": Jude Uzonwanne, Associate Partner, Dalberg Global Development Advisors

Africa’s vast skies are being mastered by the “Big 6”: Ethiopian Airlines, South African Airways, Arik Air, EgyptAir, Kenya Airways and Royal Air Maroc.

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.

Bimpe Nkontchou, Managing Principal, W8 Advisory

How Africa's super-rich spend their millions (Video)

Bimpe Nkontchou, Managing Principal, W8 Advisory, speaks about how Africa’s ultra-rich spend their wealth.

The Sheraton Hotel Addis Ababa, Club Room

Fact of the Day: Addis Ababa has Africa's highest hotel room rates

A price survey of international-grade hotels in select major African cities, produced by hospitality research firm STR Global, ahead of theAfrica Hotel Investment Forum (AHIF), taking place at the end of September, has revealed that Addis Ababa is the most expensive place for a good night’s sleep.

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.

The role of cities in Africa's rise - KPMG

The role of cities in Africa's rise: KPMG (Infographics & Report)

New dynamic markets around the globe are offering boundless opportunities. Firms are gravitating towards new markets in the south and the east, where the inflow of foreign direct investment (FDI) are resulting in returns on investment (ROI) far exceeding those of mature markets in Europe and North America.

Egypt expects to export about $5 billion worth of goods over the next five years to fellow members of the Tripartite Free Trade Area (TFTA)

African leaders sign 'Cape to Cairo' free trade bloc deal, the Tripartite Free Trade Area (TFTA)

African leaders signed Wednesday a 26-nation free trade pact to create a common market that would span half the continent from Cairo to Cape Town.

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.

Foreign direct investment in Africa surges

Foreign direct investment in Africa surges

Africa is the world’s fastest-growing region for foreign direct investment, according to a report from fDi Intelligence, a data division of the Financial Times group.

Aliko Dangote, Africa’s richest man, could become the first African owner of an English Premier League football team.

Aliko Dangote: Five things about the Nigerian who wants to buy Arsenal

Five years after Nigerian businessman and Arsenal fan Aliko Dangote’s offer to buy the North London club was rejected, he has been linked to them again.

The top 10 cities for Africa's millionaires

The top 10 cities for Africa's millionaires (Photos, Videos, & Infographic)

Wealthy Nigerians used to travel abroad to get their fix of luxury goods. However these days, they can take a stroll around Victoria Island, an exclusive neighborhood in Lagos where brands like Porsche, Hugo Boss, and Ermenegildo Zegna line the streets.

Sepp Blatter, FIFA President

Confederation of African Football (CAF) pledges voting block for Sepp Blatter's return as FIFA President

The president of soccer’s world governing body, Sepp Blatter, now knows that he can count on a quarter of all available votes when he stands for a fifth consecutive term at the helm of FIFA this spring.

Uber Kenya

Uber eyes use of mobile money services in Africa

Uber is now operational in seven African cities: Cape Town, Johannesburg, Durban, and Pretoria in South Africa; Lagos in Nigeria; Cairo in Egypt; and Nairobi in Kenya.

Uber, Nairobi, Kenya

Uber launches in Nairobi, Kenya

Nairobi, the “Green City in the Sun” is East Africa’s economic powerhouse. Locals tear into meat in restaurants squeezed between car parks and casinos, or overlooking the misty green hills that fall into the Great Rift Valley on the edge of the city.

Uber

Uber is coming to Kenya, following launches in South Africa, Nigeria, and Egypt

Uber, the rapidly growing taxi app, is preparing to launch in Kenya.

South Africa's economic hub Johannesburg will retain its title as Africa's most visited city for the second year in a row, a study shows

Fact of the Day: Johannesburg is Africa's most visited city for second year in a row

South Africa’s economic hub Johannesburg will retain its title as Africa’s most visited city for the second year in a row, a study has shown.

Affordable Housing in Nigeria (Illustration)

Affordable housing: Nigeria's big challenge also a 'massive opportunity'

Africa’s most populous nation must spend between US$5-7bn annually in constructing new houses to close the housing affordability gap by 2025.

London Stock Exchange (LSE)

London Stock Exchange to pursue African company listings

The London Stock Exchange is launching an aggressive attempt to increase the number of listings of African companies in the UK, following strong interest from institutional investors in a recent wave of initial public offerings from the region.

The Grand Ethiopian Renaissance Dam under construction

As Ethiopia plans to become regional power hub, talks move forward on 6,000 MW Renaissance Dam, which will be Africa's biggest dam

The three main countries that share the Nile River’s waters moved toward an agreement to study whether a planned $4 billion Ethiopian dam would disrupt flows to downstream countries, water ministers of Ethiopia, Sudan and Egypt said after talks on Friday.

Alex Kyriakidis, President, Middle East and Africa, Marriott International

Marriott Sees 'Super Growth' in Africa's Three Biggest Economies: Alex Kyriakidis, President, Middle East and Africa, Marriott International

Marriott International Inc. (MAR) may build 40 to 50 hotels in Nigeria, South Africa and Egypt each by 2020 to benefit from a surge of travelers, said Alex Kyriakidis, the chain’s president for the Middle East and Africa.

Uber

Uber launches in Lagos as it expands further into Africa

The popular San Francisco- based car ordering service Uber has just launched in Lagos, Nigeria.

Johannesburg, South Africa

Africa's top five most travelled to cities: MasterCard

Africa’s top destination for international travellers is South Africa’s Johannesburg, with an estimated 4.25m visitors for 2014, according to this year’s MasterCard Global Destination Cities Index released this week.

Construction cranes operate among new skyscrapers being built in the business district of Luanda, Angola

Angola’s $7 Billion Waterfront Project Seeks to Attract Hilton Hotels

Builders of a $7 billion waterfront development in Angola’s capital, Luanda, are seeking to attract an international hotelier such as Hilton Worldwide Holdings Inc. (HLT) to boost the profile of the project.