Casablanca News

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.

Airbnb Aims to Double Growth in Africa This Year

Airbnb aims to double growth in Africa this year to reach 1.5 million customers

Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million,.

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.

Luis Gravito, Senior Partner & Managing Director, BCG

Boston Consulting Group opens office in Lagos, 4th in Africa

The Boston Consulting Group has opened an office in the Nigerian city of Lagos, its fourth in Africa.

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.

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…

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.

Donald Kaberuka, outgoing President of the African Development Bank (AfDB)

African governments contribute $1B to African Development Bank to fund infrastructure projects

The African Development Bank raised almost $1 billion in contributions from regional governments for a fund to develop roads, ports and energy projects, said Donald Kaberuka, the institution’s outgoing president.

Miguel Azevedo, Head of Investment Banking, Citi Africa

Citi to Deutsche Bank on charm offensive in Africa as banks clamor for bond issuance deals

Bankers from London to Frankfurt and New York are on a charm offensive in Africa. Their goal: convincing governments to keep selling debt as first-half issuance slows from a five-year high.

The private jet route from Lagos to London was the eighth-fastest growing in 2013, according to NetJets. Photographer: Paul Taggart/Bloomberg

Africa will be second-fastest growing region for luxury goods through 2019

Rising 5.6% a year, Africa’s luxury retail sales may reach $5.2 billion by 2019. This is the second-fastest growth rate globally, Euromonitor estimates, trailing only the Middle East.

Johannesburg Stock Exchange (JSE)

5 things to know about building business in Africa: Anthony Lewis, Director, Capital Markets, JLL Sub-Saharan Africa

Corporate and investor interest in Africa commands the attention of the highest echelons of global business. The theme of the 2015 World Economic Forum on Africa, “Then and Now: Reimagining Africa’s Future”, has my fellow delegates and me reflecting upon our continent’s remarkable turnaround.

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.

Johannesburg's Nelson Mandela Square (Reuters/Siphiwe Sibeko)

Johannesburg is Africa's most popular city for youth but Lagos is for its entrepreneurs

The 2015 YouthfulCities Index this week named Johannesburg as the “most popular African city” overall for young people aged 15-29.

Al Noor Tower, Casablanca, Morocco

Al Noor Tower, Casablanca, Morocco: 'Lord of the Rings' tower could be tallest in Africa

It may bear more than a passing resemblance to Barad-dur, the dark fortress of Sauron depicted in the Lord of the Rings trilogy, but the Al Noor Tower could become the tallest building on the African continent if construction begins as planned later this year.

7 African countries with booming ecommerce markets

7 African countries with booming ecommerce markets

Ecommerce is at the epicenter of Africa’s thriving economies. With internet penetration rapidly spreading across the region, this represents huge potential which has hitherto been untapped.

Entrepreneurs Go Online to Boost Business in Africa

Entrepreneurs go online to boost business in Africa

When Chioma Achebe wanted to buy shares on the Nigerian Stock Exchange, she didn’t want to open an account with a local broker because the process could take days.

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.

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.

Johannesburg Stock Exchange (JSE)

African IPO fund-raising in first half of 2014 surpasses all of 2013

Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013.

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.

Casablanca Finance City (CFC)

Casablanca Finance City: Morocco looks to be financial services gateway to Africa

Morocco aims to establish Casablanca Finance City (CFC) as a gateway for capital inflows to the African market.