Ivory Coast News

Arunma Oteh, Vice President and Treasurer, World Bank; former Director General of Nigeria's SEC

Harvard Business School Interview: In My Humble Opinion by Arunma Oteh, Vice President and Treasurer, World Bank; former Director General of Nigeria's SEC

World Bank VP and Treasurer Arunma Oteh (Harvard MBA, 1990) has a clear sense of why she likes her job.

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.

Private equity in Africa steps up a gear in 2016

Private equity in Africa steps up a gear in 2016: African Private Equity and Venture Capital Association (AVCA)

Private equity investment in Africa continues to go from strength to strength, evidenced by a new report from the African Private Equity and Venture Capital Association (AVCA).

Cyril Collon, General Partner, Partech Ventures

African tech startups raise record-breaking $370M in 2016: Partech Ventures (Infographic)

At Partech Ventures, we have been tracking for the past 3 years the dynamics of African tech investment, to better understand the investment landscape on the continent.

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.

Nairobi, Kenya. Credit: Africa Capital Group/Ninara/Flickr

Africa to Rebound in 2017: Peter C. Thoms, Founder, Africa Capital Group

2016 was a tumultuous year that offered Africa investors many opportunities to make mistakes.

A Jumia office: In 2016, Jumia became Africa's first "Unicorn". Credit: qz.com/Reuters/Akintunde Akinleye

Here's what could happen if Africa's top mobile operators and start-ups work together

Telecom operators across the African continent continue to face significant risks when it comes to revenue growth.

Ghana’s President-Elect, Nana Akufo-Addo

Ghana's new president: Jobs, jobs, jobs

Nana Akufo-Addo, the 72-year-old leader of the New Patriotic Party (NPP), was elected Ghana’s president on December 9 by a margin of 1 million votes.

Zoya Sisulu, ‎Head of Debt Primary Markets, South Africa, Standard Bank. Credit: Business Day (South Africa)

African debt capital markets resilient in face of growth challenges

Debt capital markets across Africa’s sub-regions have remained robust despite the macroeconomic and political challenges presented.

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%.

There's still room for growth. Credit: qz.com/Reuters/Akintunde Akinleye

The "Africa Rising" story isn't over yet, despite China's slowdown and flagging growth in Nigeria and South Africa

The idea that African economies are on the way up first became popular around 2010, buoyed by a commodities boom and improved governance across the continent. Now, with flat commodity prices and slowing demand from China, the narrative of “Africa Rising” has mostly fallen out of fashion.

Novare Lekki Mall (Illustration)

Nigerian property crash attracts brave investors betting for the long-term

A property market crash in Nigeria offers opportunities for brave investors betting that Africa’s most populous nation will deliver high returns when it climbs out of recession.

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.

Akinwumi Adesina, President, AfDB

African economies are through the worst of downturn, says AfDB President Adesina

African economies are probably through the worst of their downturns and growth should accelerate next year, driven by investments in infrastructure and attempts to diversify from commodities, according to the African Development Bank.

Africa's spending to exceed $5.6T by 2025: McKinsey

Africa's spending to exceed $5.6T by 2025: McKinsey

Africa’s household and business spending will top $5.6tn by 2025 and its manufacturing output could reach $93bn, according to a new McKinsey & Company report.

Abidjan, Ivory Coast

Ivory Coast: Tech Hub on the Rise

Following years of political turmoil, Côte d’Ivoire is growing quickly and attracting investment. Now, the government is trying to position the country as west Africa’s technology and start-up hub.

Ivory Coast’s Yaya Toure reportedly earns in excess of $300,000 per week at Manchester City.

These are Africa's highest-paid footballers (Video)

The football season in Europe has started with a bang. Premier League clubs spent over a billion dollars in the summer transfer window, with 13 clubs breaking their spending records.

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.

Africa attractiveness program 2016: EY

Africa attractiveness program 2016: EY (Infographics & Reports)

We are at an inflection point in terms of the structural evolution of most African economies. Decisions made and actions taken now will determine, which of these economies consolidate the gains made over the past decade as a platform for sustainable growth in coming decades.

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.

Jason Njoku, Founder & CEO, iROKOtv

iROKOtv: From 'Netflix of Nigeria' to 'Nollywood' producer

When 36-year-old Nigerian entrepreneur Jason Njoku talks about em­bracing failure, he is speaking from experience.

Duet launches new PE fund focused on distressed Nigerian companies

Duet launches $400M private equity fund focused on distressed Nigerian companies

Duet Private Equity has signed an exclusive agreement with the Asset Management Corporation of Nigeria (AMCON) to establish an investment fund focused on Nigeria’s fast-moving consumer goods (FMCG) sector.

The pool at the Kempinski Hotel Gold Coast City. Credit: Daniel Boshoff/nytimes.com

Accra is Africa's Capital of Cool

With its thriving contemporary art and nightlife scenes, the Ghanaian city of Accra has become a cosmopolitan hot spot. Here’s what to do there.

Kunle Afolayan at the Murtala Muhammed International Airport in Lagos for the premiere of his new film, The CEO. Photograph: Stefan Heunis/AFP/Getty Images

Premiere on a plane: How Nollywood is aiming mile-high

The world’s most prolific film industry may be beset by problems, but director Kunle Afolayan is hoping to help it take off.

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”.

Ghana's leading off-grid solar company PEG raises $7.5 million to expand activities in West Africa

Ghana's leading off-grid solar company PEG raises $7.5 million to expand activities in West Africa

PEG, the leading off-grid solar company in Ghana, announced on Thursday that it has closed a $7.5 million Series A round.

Stephen Keshi is one of two people to win the Cup of Nations as a player and manager, and the only black African ever to coach at a World Cup. Photograph: Pius Utomi Ekpei/AFP/Getty Images

Stephen Keshi: Brawler, talker and most successful black African coach of all time

The former Nigeria and Togo manager, who died on Tuesday evening aged just 54, was, at the international level, the finest African coach of his generation.

Edoh Kossi Amenounve, General Manager, BRVM

West African BVRM exchange's revenue more than doubles in one year to $362M

Turnover on West Africa’s BRVM bourse more than doubled over the past year, reaching 209.26 billion CFA francs ($362.2 million) in late May.

Eric Osiakwan, Managing Partner, Chanzo Capital

How mobile is sparking creativity in African business: Eric Osiakwan, Managing Partner, Chanzo Capital

Chanzo Capital is an early stage micro-VC firm that provides capital and mentorship to high-tech startups in Kenya, the Ivory Coast, Nigeria, Ghana and South Africa (the so-called KINGS of Africa’s digital economy).

Sev Vettivetpillai, Partner, Abraaj Group. Credit: M&A Advisor

Dubai-based private equity firm Abraaj readies Nigerian fertilizer and East African insurance deals

Abraaj Group, a Dubai-based private equity firm, is in the final stages of approval for three transactions in sub-Saharan Africa and will probably make further investments in the region before the end of the year, partner Sev Vettivetpillai said on Thursday.

Abidjan, Ivory Coast. Credit: panoramio.com

Here are Africa’s top 10 fastest growing economies (Infographics)

The Ivory Coast is Africa’s fastest growing economy, according to the IMF’s latest World Economic Outlook. The West African nation’s GDP is expected to grow by 8.5% this year.

Edoh Kossi Amenounve, CEO, Bourse Régionale des Valeurs Mobilières (BRVM)

West African stock markets are planning to join forces (Video)

Stock exchanges in Nigeria, Ghana, Sierra Leone, Cape Verde, as well as the BRVM are in talks to develop a common platform for cross-border listing and trading in West Africa, to create broader and deeper liquidity across the region.

Tony Elumelu, Chairman, UBA Group. Credit: brandessencenigeria.com

Nigeria's UBA plans African expansion, says Chairman Tony Elumelu

United Bank for Africa (UBA) plans to increase its presence in Africa outside Nigeria to 25 countries from 18 now and inject capital into its subsidiaries in Kenya, Tanzania and Uganda, its chairman said on Tuesday.

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.

Two Rivers, Nairobi, Kenya (Illustration)

Africa: A land of opportunity for property investors

UAE investors have been urged to follow in the footsteps of the Majid Al Futtaim Group and the Landmark Group by pursuing property opportunities in East Africa.

Shop Africa 2016: Knight Frank

Shop Africa 2016 (Report & Infographics): Knight Frank

Sub-Saharan Africa is experiencing a wave of modern shopping mall development. The retail sector has become a major focus for development activity in recent years, as investors have been attracted by the growth potential of African consumer markets.

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.

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays has announced it is to withdraw from Africa. It will gradually reduce its 62% stake in Barclays Africa Group over the next two to three years.

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.

Grosvenor Group makes commitment to invest in sub-Saharan Africa real estate.

Grosvenor Group partners with RMB Westport to make first investment in Sub-Saharan Africa

Grosvenor Group, the privately owned international property group, has made its first investment commitment to sub-Saharan Africa.