Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.
Car-hailing app Uber has frequently attracted controversy — whether over workers’ rights, management practices and its attitude to regulation.
Actis, a leading growth markets investor, hosted over 200 senior public and private sector decision makers in Lagos at Heritage Place in Ikoyi to share Actis’ perspectives on the Africa opportunity and potential for Nigeria.
In Nigeria, success for both tech start-ups and more conventional businesses such as banks and fast food restaurants means adapting to the age of what entrepreneurs have dubbed the “100 per cent mobile-first market”.
Carlyle Group LP, the world’s second-largest manager of investment alternatives to stocks and bonds, said it may announce new purchases for its sub-Saharan Africa fund early next year as it forecasts the region will grow faster than all other areas except India and China.
Uzoma Dozie can remember when really effective marketing by banks took a different form.
Smile Telecoms plans to grow its broadband network in Africa after raising $365 million in debt and equity financing.
TPG, one of the world’s largest private equity firms with $70 billion in assets under management, plans to invest up to $1 billion in Africa in a partnership with Sudanese billionaire, Mo Ibrahim.
Private equity firms see Africa as the next big thing. But now US public pension funds are starting to look at the continent too.
South Africa is no longer the destination of choice for private equity investors seeking to tap returns on the continent.
Nigerian companies are turning into foreign acquisition targets as valuations slide with the price of oil, according to a law firm that advised on one of the country’s biggest Eurobond sales last year.
Nigeria’s Diamond Bank disclosed on Wednesday that Igwe Nnaemeka Achebe has retired as the Chairman of its Board of Directors. Achebe’s retirement was approved at a recent board meeting.
The Nigerian economy is being challenged by crashing oil prices despite the central bank’s best efforts to stem outflows.
Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.
Africell Holding, the largest mobile-phone operator in Sierra Leone and Gambia, is courting U.S. private-equity firms including Providence Equity Partners, KKR, and Carlyle Group, hoping to sell a stake in the company, which is valued by the owner at up to $1.5 billion.
Carlyle (CG) Group LP invested $147 million in Lagos-based Diamond Bank Plc (DIAMONDB) as it seeks to expand in Africa’s largest economy.
Because Miguel Azevedo spends two weeks each month traveling on the African continent, Citigroup’s head of African investment banking must get special permission from his firm to fly to countries affected by the Ebola crisis.
Nigeria has headed off a threat to its banking industry by propping up struggling power companies with an intervention fund, said analysts including Pabina Yinkere of Vetiva Capital Management Ltd.
Standard & Poor’s expects to rate a number of Nigerian banks this year and is talking to some Kenyan banks and companies about future credit ratings, its managing director for sub-Saharan Africa said on Monday.
Worsening security in Nigeria has not deterred foreign investors from buying its assets, Citigroup’s country head said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local lenders so far this year.
Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority (NSIA), recently released a revamped version of its website.