Cameroon News

Elo Umeh, CEO, Terragon Group

How Nigerian Tech Entrepreneur Elo Umeh Of Terragon Group Is Building An African Digital Powerhouse

Over the last 15 years, Africa has seen significant mobile telecoms growth and now data is being viewed as the ‘new oil’ on the continent.

OR Tambo International Airport, Johannesburg, South Africa

International Arrivals To Africa Reach More Than 18 Million In 2017: Euromonitor

Market Research Company Euromonitor International revealed earlier this week the key trends shaping travel and tourism in Africa at the 41st Annual World Tourism Conference in Kigali, Rwanda.

Africa's consumer data opportunity is being tackled by startups

Africa's consumer data opportunity is being tackled by startups

The Peter Drucker management aphorism, “You can’t manage what you can’t measure,” is a favorite of Yannick Lefang, the founder of Kasi Insight, an integrated marketing research firm operating in seven African countries.

A family enjoying an injera meal at a restaurant in Addis Ababa. Photograph: Boaz Rottem/Alamy/The Guardian

From chefs to musicians, talented 're-pats' come back to build a modern Ethiopia

His dream is to show the world the glories of Ethiopian cuisine, to preserve its rich traditions and to make his fellow citizens eat better.

FIFA confirms nine places for Africa at 2026 World Cup

FIFA confirms nine places for Africa at 2026 World Cup

Africa could have as many as 10 teams competing at the 2026 World Cup after the allocation for places at the expanded 48-nation competition was ratified by the FIFA Council during their meeting in Bahrain.

Albert Alsina, Mediterrania's CEO and Managing Partner. Credit: peafricaevents.com

PE house Mediterrania reveals €250m target for third Africa fund

Spain-based buyout house Mediterrania Capital Partners plans to raise up to €250m capital for its third Africa vehicle.

Aliko Dangote, CEO, Dangote Group

Aliko Dangote: In for the long haul

Aliko Dangote, Africa’s richest man, is optimistic that the only place to invest in today is Africa.

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.

AFCON 2017 - Cameroon beats Egypt to lift African title

2017 Africa Cup of Nations (AFCON 2017): Cameroon beats Egypt to win 5th title

Cameroon produced a stunning comeback to beat Egypt in the final of the African Cup of Nations (AFCON), held in Gabon’s capital, Libreville, on Sunday.

Aliko Dangote, Founder & CEO, Dangote Group

How the Dangote Group will become a $100B business

With a track record exhibiting profound resilience and foresight, it comes as no surprise that Dangote Group and its Founder and CEO, Aliko Dangote, are ardent on building the multinational conglomerate into a $100 billion market capitalization business.

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.

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

An extensive overview of 24 first- and second-tier cities in Cameroon, Kenya, Nigeria and South Africa in a recently published white paper reveals particularly dynamic growth shifting from the region’s mature consumer markets in South African metropolises to the urban areas in other Sub-Saharan countries.

iHub, Nairobi, Kenya

A few things we learned about tech hubs in Africa: GSMA (Infographic)

The last mapping exercise done by the World Bank in September 2015 listed less than 120 tech hubs in Africa. As of July 2016, GSMA’s research suggests there are 314 active tech hubs in Africa.

Tech companies help foster the startup ecosystem in Africa. Credit: Reuters/Thomas Mukoya/qz.com

Half of the tech hubs in Africa are located in South Africa, Kenya, Nigeria, Egypt and Morocco

A total of 314 tech hubs and incubation centers was recorded in July by the global telecoms industry body GSMA’s Ecosystem Accelerator, a program that works to enable partnerships between operators and developers on the continent.

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.

Christy Tawii, Senior Research Analyst, Euromonitor

Cities on the Forefront of Economic Change in Sub-Saharan Africa (Video): Euromonitor

Cities are at the forefront of the impressive economic changes in Sub-Saharan Africa. These urban areas boast larger shares of the region’s middle class and consumer spending.

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”.

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

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.

Samuel Eto'o and Ronaldinho played together at Barcelona (Reuters/Albert Gea)

The world's best soccer club is looking to Africa for its next superstars

FC Barcelona, the current champion of European and world soccer, is seen as the gold standard in the game.

IHS Towers acquires rival Helios Towers Nigeria (HTN)

IHS Towers acquires rival Helios Towers Nigeria (HTN)

IHS Holding on Thursday announced that it has agreed to acquire Helios Towers Nigeria (HTN), in the process adding 1,211 tower sites in Nigeria to its portfolio.

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.

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.

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

French telecom incumbent Orange has agreed to acquire Bharti Airtel’s businesses in Burkina Faso and Sierra Leone in a continuation of its expansion strategy in West Africa.

France's Orange acquires Liberia's largest cell phone company Cellcom in Africa expansion move

France's Orange acquires Liberia's largest cell phone company Cellcom in Africa expansion move

France’s Orange has agreed to buy Cellcom Liberia from privately held Cellcom Telecommunications Ltd. for an undisclosed sum as part of its expansion strategy in West Africa.

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.

South African Airways now flies to Abuja

South African Airways launches flights to Abuja, Nigeria

South African Airways (SAA) has introduced a second entry point to Nigeria in its quest to enable trade and unlock mobility, which will considerably add to business travel options in the West African region.

Jumia workers examine products for delivery in Lagos, Nigeria. AFP Photo/Pius Utomi Ekpei

Nigeria's developing e-pay economy

Nigeria has historically set the example for other African nations in terms of mobile adoption, internet infrastructure proliferation, and e-commerce.

A cameraman films a scene for the Nollywood movie October 1, a police thriller directed by Kunle Afolayan, at a rural location in Ilaramokin village, southwest Nigeria. Reuters/Akintunde Akinleye

From Nollywood to New Nollywood: The runaway success of Nigeria's booming movie industry

The video-film industry of Nigeria has been described as one of the greatest explosions of popular culture that Africa has ever seen.

Issa Hayatou (L) and Sepp Blatter back in May 2015. (Reuters/Arnd Wiegmann)

The future of global football is now in Africa's hands

When FIFA’s corruption scandals first erupted in May, there were calls by some in Europe to end the organization as we know it.

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.

Seed funding for African tech startups is really taking off

Venture capital funding for African tech startups is really taking off - here's why

It is well established that VC investing globally is on the rise, but there is increasing evidence that more of this money is landing in Africa too, as the continent is now deemed a less risky place for investors to put their cash.

Huawei Marine completes installation of Nigeria-Cameroon Submarine Cable System (NCSCS)

Huawei Marine completes installation of Nigeria-Cameroon Submarine Cable System (NCSCS)

Huawei Marine Networks announced that it has completed marine installation of the Nigeria-Cameroon Submarine Cable System (NCSCS) and achieved a major step towards the system being ready for service in Q4.

Africa’s richest man plans to almost double the continent’s cement production by 2020

Africa's richest man plans to almost double the continent's cement production by 2020 (Infographic)

Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.

Billionaire Aliko Dangote at Dangote Cement Plc's new plant in Ndola, Zambia. Photographer: Liezel Hill/Bloomberg

Cement is the new oil as Africa's richest man takes on Lafarge

Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.

Modderfontein development, South Africa

Africa's megaprojects: 326 billion reasons Africa is on the move (Photos, Infographic & Video)

When the new, expanded Suez Canal was inaugurated on August 6, the world marveled at the endeavor and single-mindedness that had born — and bored — 72 kilometers of new waterways through the Egyptian earth.

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.

Muhammadu Buhari, President of Nigeria

Nigeria's President Buhari announces weapons production plan

President Muhammadu Buhari said on Friday Nigeria planned to ramp up the domestic production of weapons for its armed forces, in an effort to cut the country’s dependence on imported arms.

Aliko Dangote, CEO, Dangote Cement

Dangote Cement Seeking to Double Capacity to 80 Million Tons

Aliko Dangote, Africa’s richest man, said he plans to double capacity at his cement company to 80 million metric tons a year as the company expands outside its home market of Nigeria.

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca

Africa50 Infrastructure Fund raises $830M in first closing

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca Africa50, the new and innovative infrastructure investment…