Deloitte News

Nairobi, Kenya. The East African country is attracting private equity interest. Credit: Alamy/Financial Times

Private equity looks to East Africa for investment opportunities

Buyout groups investing in Africa are turning east and shunning the oil-rich western part of the continent as they grapple with the effect of low commodity prices on private equity’s final frontier.

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include Balderton Capital, EchoVC, TPG Growth, and NEA.

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen on Wednesday opened a new assembly plant in Kenya and launched plans for a ride-sharing service in Rwanda as it seeks to take advantage of surging car demand in Africa.

Africa - The great opportunity

Africa: The great opportunity

Africa is rapidly becoming the global economic growth engine. Half of the world’s 25 fastest-growing nations are in Africa and almost 40 per cent of the continent will achieve GDP growth of more than 5 per cent in 2016.

Building the Entrepreneurial Base in Africa

Building the Entrepreneurial Base in Africa: J. Eric Wright, Chairman, Africa Venture Partners

J. Eric Wright was headed for Wall Street until he decided to take a year off in Africa. That short jaunt has stretched into nearly three decades on the continent — and led him to his life’s work.

Lagos, Nigeria

Economists share their 2016 outlook for Nigeria, Kenya and South Africa

These are the global economic realities that will continue to shape African markets in 2016. Strong US dollar. Low oil and commodity prices. Slowing Chinese growth.

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.

Lawrence Nazare, Executive Director, Continental Re

Pan-African Continental Re sees huge growth as Africa's construction booms

Africa’s Continental Re plans to double premium income from its property and engineering business to $80 million over the next five years, as it bets on the continent’s infrastructure boom, its executive director said.

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.

Africa is the #1 region in the world for mobile money transactions

Fact of the Day: Africa is the #1 region in the world for mobile money transactions

The number of smartphones in Africa is expected to grow by over 40 percent this year and to double to pass 350 million units by 2017, according to research from Deloitte.

A customer browses men's shoes in the footwear department inside a Truworths fashion store in Sandton, South Africa

Investing in Africa: How investors are tapping into a new middle class

These days, oil, cocoa and precious metals aren’t the only things that are attracting foreign investors to Africa.

Africa Mall, Luanda, Angola

New shopping malls: A sign of Angola's rising middle class

“It’s a great joy for Angolans,” says Luciano Manuel, nudging his trolley through a huge supermarket in the Angolan capital of Luanda.

Retail in Africa

Africa set to be the new retail mecca

International retail brands say Africa’s retail growth is expected to more than double over the next five years and the continent will become the new international retail melting point.

Africa: A 21st century view - The Deloitte Consumer Review

Africa: A 21st century view - The Deloitte Consumer Review (Report)

Africa is becoming a magnet for foreign investment, with vast opportunities for consumer businesses. Tales of big opportunities off the back of Africa’s economic growth are not new.

Africa's growing middle class: A woman tries on an earring in a jewelry shop

African economy to grow 50% by 2019 on emerging middle class and increased household demand, says Deloitte

Africa’s gross domestic product may expand by 50 percent to $3.7 trillion by 2019, boosted by an emerging middle class and increased household demand, according to Deloitte.

South African Properties

South Africa's middle class is a force to be reckoned with

As the ranks of black middle and upper classes have swelled in the 20 years since South Africa’s first democratic election, so too have the aspirations of a wealthy new elite.