European Union (EU) News

A woman walks past the London Stock Exchange building in the City of London, Britain, January 16, 2017. Credit: Reuters/Toby Melville

South Africa's Brait suspends LSE listing plan on Brexit uncertainty

South Africa’s Brait SE has suspended plans to list on the London Stock Exchange.

Live music in Accra, Ghana

Why is Ghana 25 times more successful than Nigeria at attracting tourism revenues?

Tourism should be an easy win for emerging market (EM) and frontier market (FM) economies with weakened currencies, and cheap jet fuel; an opportunity that we think is being missed.

South Africa Leapfrogs Nigeria: Back to No. 1 spot in Africa on currency fluctuations. Credit: Bloomberg/IMF

South Africa's economy regains rank as Africa's biggest on rand appreciation (Infographic)

South Africa’s economy regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria as the value of the nations’ currencies moved in opposite directions.

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

Johannesburg Exchange Boss Nicky Newton-King Braces for Competition

South Africa’s stock exchange is getting an upgrade. To keep up with growing competition, the Johannesburg Stock Exchange has embarked on a long-term project to gather all of its markets onto a single, faster trading platform and a new clearing system.

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.

The African Union meets in Johannesburg, South Africa. Credit: ft.com

Ambitious plans promise surge in African commerce

When the US, Japan and 10 other economies recently sealed the deal on a vast new Pacific Rim trading bloc, they made front page headlines around the world.

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.

US Federal Reserve Board building

How will US monetary tightening impact African markets?

The US Federal Reserve is set to tighten its monetary policy for the first time after the 2008 global financial crisis.

9 mega-trends shaping the future of Africa: Seyi Bickersteth, Chairman, KPMG Africa

9 mega-trends shaping the future of Africa: Seyi Bickersteth, Chairman, KPMG Africa

In August 1963 Martin Luther King Jr delivered his famous “I Have a Dream” speech during the March on Washington. And when King said, “I have a dream that one day this nation will rise up and live out the true meaning of its creed: We hold these truths to be self-evident; that all men are created equal”, it was a turning point in American history.

Dr. Merga Bekana, National Ethiopian Electoral Board Chairman, reads on 27 May 2015 in Addis Ababa the preliminary results of the 5th Ethiopian General Election which took place on 24 May 2015 (AFP Photo/Zacharias Abubeker)

Ethiopia's ruling party wins election landslide

Ethiopia’s ruling party and its allies have won an overwhelming majority in parliament in weekend elections, the country’s electoral board announced Wednesday.

Kojo Addae-Mensah, CEO, Databank

Ghana's largest private money manager plans to launch buyout fund to invest in agriculture and financial services

Ghana’s biggest private money manager plans to start a buyout fund that will invest in agriculture and financial-services companies in the West African nation.

Ethiopia to step up role as regional clean power exporter

Ethiopia to step up role as regional clean power exporter

Ethiopia plans to begin exporting renewable energy to a broader range of neighboring nations by 2018 as part of a cross-border effort to meet regional energy demand and limit increases in climate-changing emissions.

A woman faces down a line of Baltimore police officers in riot gear on Monday during protests after the funeral of Freddie Gray. (Chip Somodevilla/Getty Images)

How Western media would cover Baltimore if it happened elsewhere like say Lagos or Nairobi

If what is happening in Baltimore happened in a foreign country, here is how Western media would cover it: International leaders expressed concern over the rising tide of racism and state violence in America, especially concerning the treatment of ethnic minorities in the country and the corruption in state security forces around the country when handling cases of police brutality.

Kenya’s Konza Techno City, a new tech hub 60km southeast of Nairobi, will be the biggest ICT park in East Africa.

Connected East Africa: Kenya leads, East Africa follows

Earlier this month, the great and the good of the Nairobi ICT sector made their annual pilgrimage to the Kenyan coast to discuss the events of the last year and put in place plans for the next.

Central Bank of Nigeria sees pressure on Naira easing after vote

Central Bank of Nigeria sees pressure on Naira easing after vote

Portfolio inflows to Nigeria jumped since last month’s presidential elections, easing pressure on the currency of Africa’s biggest oil producer, according to the central bank.

Nigeria is in talks with Russia's Rosatom for nuclear power plants

Nigeria is in talks with Russia's Rosatom for nuclear power plants

Nigeria is in talks with Russia’s Rosatom Corp. to build as many as four nuclear power plants costing about $20 billion as Africa’s biggest economy seeks to boost generation and end daily blackouts.

The main candidates for Lagos State Governor: Jimi Agbaje (Left), People's Democratic Party (PDP), and Akinwunmi Ambode, All Progressives Congress (APC)

Nigeria's ruling PDP faces state governors test after president ousted

Nigeria’s Peoples Democratic Party is seeking to win at gubernatorial elections after it lost its grip on national power in Africa’s biggest oil producer when President Goodluck Jonathan was defeated in a vote last month.

The pros and cons of an East African Community (EAC) monetary union

The pros and cons of an East African Community (EAC) monetary union

There has been very vocal interest in regional integration, including monetary integration, in Africa over the decades since independence.

L'Oréal

L'Oréal turns to fast-growing markets Ghana and Rwanda as EU revenue shrinks

Cosmetics giant L’Oréal is eyeing up fast-growing economies such as Rwanda and Ghana as the European markets are reported to be experiencing shrinking revenues.

Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

He was Nigeria's worst Central Bank Governor ever, says Ngozi Okonjo-Iweala, Nigeria's Minister of Finance, about Charles Soludo, former Central Bank Governor

The Minister of Finance, Ngozi Okonjo-Iweala, on Wednesday took the former Central Bank of Nigeria, CBN, Chukwuma Soludo, to the cleaners over his criticism  of President Goodluck Jonathan’s management of the country’s economy.

Muhammadu Buhari (Left) and Goodluck Jonathan

Buhari vs. Jonathan - Beyond the Election: Chukwuma Charles Soludo, former Governor of the Central Bank of Nigeria (CBN)

I need to preface this article with a few clarifications. I have taken a long sabbatical leave from partisan politics, and it is real fun watching the drama from the balcony.

Shoe manufacturing in Ethiopia

Made in Africa: Ethiopia positions itself as manufacturing alternative to China

Ethiopia is bidding to become Africa’s lead manufacturing hub, repositioning itself as an outsourcing alternative to countries such as China, where rising labour costs are driving margin conscious multinationals to look elsewhere.

Ngozi Okonjo-Iweala, Minister of Finance, Nigeria

Nigeria targets $10B capitalization for proposed Wholesale Development Bank of Nigeria (WDBN): Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the Federal Government is targeting capital base of $10bn for the proposed Wholesale Development Bank of Nigeria.

Marek Zmyslowski, Managing Director, Jovago

Online businesses fueling Nigeria's economy: Marek Zmyslowski, Managing Director, Jovago

The Managing Director of online hotel booking platform Jovago, Marek Zmyslowski, at the ongoing 3rd EU-Nigeria Business Forum has stated that online businesses have contributed to the growth of the Nigerian economy.

There were 66,000 BWM-3 series produced in South Africa in 2013. Of those made for export, the cars were sent to Japan, Australia, Singapore, as well as sub-Saharan Africa.

Car makers in the driving seat of South Africa's economy

The smells of oil, tires and hard work surround Monwabisi Bokwe as he stands on the Volkswagen production line.

Barclays

Barclays' Exposure To Africa Is A Catalyst For Growth

With the upcoming Scottish vote on independence (scheduled for September 18, 2014), and the no-campaign losing ground, it is fair to expect turbulence in the British stock market in the next 10 days (or more, if the vote results in a victory for the yes).

Jose Filomeno de Sousa dos Santos

An interview with Jose Filomeno de Sousa dos Santos, Chairman of Fundo Soberano de Angola, Angola's sovereign wealth fund

Since 1979, the Dos Santos family has ruled over Angola, Africa’s second largest oil producer after Nigeria.

Pray for Portugal

Portugal indebted to Angola after economic reversal of fortune

The cash-strapped European nation is coming to terms with effects of heavy investment from its oil-rich former colony.