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Chukwuemeka Odumegwu Ojukwu, Leader of Biafra (1967 - 1970) and son of Nigeria's first billionaire, is perhaps Nnewi's most famous indigene.

What town has produced more billionaires than any town in Nigeria and possibly Africa? Here are 10 of its richest people

The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country.

Malusi Gigaba, South Africa's Minister of FinanceMalusi Gigaba, South Africa's Minister of Finance

South Africa Weighs State Internet Company Merger

South Africa is considering a merger of state-owned technology companies Broadband Infraco and Sentech to help to accelerate the rollout of high-speed internet to the population within three years, according to two people familiar with the matter.

The Wedding Party: Nollywood’s highest-grossing movie to date

From Hollywood To Nollywood: Nigeria's Walk Of Fame

Africa’s largest economy, Nigeria, has embraced the challenges of creating a film industry – Nollywood – that is markedly authentic, undeniably bold, and unapologetically true to its roots.

How Kenya has become a geothermal superpower

How Kenya has become a geothermal superpower (Video)

Kenya is a global superpower of the flower trade, and Oserian, one of the largest fair-trade flower farms in the country, is a major reason why.

Nigeria's President Muhammadu Buhari. Credit: Yahoo/Pius Utomi Ekpei/AFP/Getty Images

Fool Nigeria Once, Shame on You. Fool Nigeria Twice ...

It’s been a tough year for Nigerian President Muhammadu Buhari. The mood in Africa’s most populous nation is a far cry from the euphoria that greeted his historic 2015 election.

Mitsubishi UFJ Said to Weigh Adding Bank Offices in Africa Push

Mitsubishi UFJ Said to Weigh Adding Bank Offices in Africa Push

Mitsubishi UFJ Financial Group Inc. is considering opening offices in Kenya and Morocco to boost its African business as Japanese companies seek natural resource and infrastructure-related opportunities on the continent.

Geoffrey White, CEO, Agility

The macroeconomics across Africa are impressive: Geoffrey White, CEO, Agility Africa

The world in 2016 is very challenging; energy prices have collapsed, China’s economy has slowed; political instability is amok in the Middle East; ISIS wages open war; Russia has resumed its colonial ambitions and Europe is struggling to survive the difference in economic cultural attitudes between the North and South, compounded by the influx of migrants.

Hotel Novotel Dakar, Senegal. An AccorHotels property

Hotel development in Africa jumps 30% to 64,000 rooms for 2016

The number of planned hotel rooms for 2016 in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.

Nancy Kacungira, Co-Founder, Blu Flamingo

"Africa Rising" or not? Change the narrative on Africa to a dialogue: Nancy Kacungira at TEDxEuston (Video)

“Africa Rising” is a moniker for the continent that has been in vogue recently. Africa has even been referred to recently as the “Hopeful Continent”.

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.

A makeup booth at Carrefour in Abidjan

CFAO plans 80 malls across Africa, opens $66M mall in Abidjan

French distribution group CFAO opened its first shopping mall in Africa on Friday, a $66 million centre in Ivory Coast’s commercial capital Abidjan, as part of a major drive to tap into the growth of Africa’s middle classes.

Nissan Pathfinder: Nissan is one of the car makers that recently started building cars in Nigeria.

Nigeria Targets 80% Local Manufacturing in Auto Industry

Nigeria plans to raise the portion of local manufacturing in the automotive industry to 80 percent by 2023 as Africa’s most populous country seeks to cut imports and diversify the economy away from oil, the industry regulator said.

South Africa's MTN is the most admired brand in Africa

MTN, Samsung and Coca-Cola top list of most admired brands in Africa

Brand Africa has announced that MTN is the overall best brand in Africa and reclaimed the #1 spot as the Most Admired Brand in Africa at a gala launch of the 4th Annual Brand Africa 100: Africa’s Best Brands at Sandton Convention Center.

Africa expansion drives SABMiller, AB InBev mega-merger

Africa expansion drives SABMiller, AB InBev mega-merger

Access to African markets is a key driver in the planned mega-merger of brewing giants SAB Miller and AB InBev, according to industry insiders.

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.

Should South Africa's national rugby team reflect the colors of the country or its players?

Green and blacks: Should South Africa's national rugby team reflect the colors of the country or its players?

When Nelson Mandela strode onto a field in 1995—a year after the birth of South Africa’s democracy—images of him wearing the green and gold of the national rugby team became a stirring symbol of his commitment to racial unity.

Afrimax raises $120M for Africa high-speed broadband network

Afrimax raises $120M for Africa high-speed broadband network

Mobile internet firm Afrimax Group has raised $120 million to fund the expansion of a high-speed broadband network in Africa, it said on Tuesday, the latest firm to jockey for position in the continent’s fast-growing consumer internet market.

Streaming services are targeting Africa as wireless networks become more widespread and reliable, allowing the delivery of video in a region where mobile connectivity growth is one of the fastest in the world. Photographer: Gallo Images via Getty Images

Hong Kong billionaire said to plan South African rival to Netflix

Streaming services are targeting Africa as wireless networks become more widespread and reliable, allowing the delivery of video in a region where…

A farmer, left, accepts cash payment for his grain from a buyer in the village of Damo Dulele, Ethiopia, in February 2015. Growth in Ethiopia has beaten every other sub-Saharan country over the past decade. Photographer: Simon Dawson/Bloomberg

The world's most optimistic people live in Africa (Infographics)

Sure, France has Paris, Provence and the Palace of Versailles. But when it comes to optimism about the domestic economy, the French have nothing on Ethiopians.

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.

Luanda, Angola’s capital city. Angola is rich in national resources, particularly oil and gas.

Angola's capital Luanda remains 'most expensive city' for expats in Mercer's 2015 Cost of Living ranking

The Angolan capital, Luanda, remains the world’s most expensive city for expatriates, according to an annual survey by consultancy Mercer.

Quick facts about travel to Ethiopia

Check out these quick facts about travel to and from Ethiopia, courtesy of Jovago (Infographic)

Check out this infographic showing some quick facts about travel to and from Ethiopia, courtesy of Jovago.

FIFA Chief Sepp Blatter and South Africa’s President Jacob Zuma at the 2010 FIFA World Cup (Reuters/David Gray)

Dear Europe: No, you can't have 'your' football back, signed Africa

Like most right-thinking people, I don’t condone corruption and abhor anyone responsible for ruining the integrity of the game that we love. But a troubling narrative has emerged out of the FIFA corruption scandal.

Two Rivers, Nairobi, Kenya (Illustration)

Urbanization and population growth fuel African real estate

With Africa’s population set to quadruple by 2100 and economic growth still strong across many countries demand for good quality real estate is on the rise, according to a new report by global property consultant Knight Frank.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Nigeria will be among world's 20 largest economies by 2030 (Infographic)

Take a peek at the new world that awaits us. Get ready for a new economic order. In the world 15 years from now, the U.S. will be far less dominant, several emerging markets will catapult into prominence, and some of the largest European economies will be slipping behind.

Africa is the horizon - 2015 African Business Outlook Survey - The Economist Corporate Network

Africa is the horizon - 2015 African Business Outlook Survey: The Economist Corporate Network (Infographics & Report)

In 2015, Sub-Saharan Africa’s GDP is expected to grow at 4.5%, making it the fastest-growing economic zone in the world, outpacing Asia’s regional average of 4.3% annual growth. Continued steady growth in Africa will result in an economic bloc with global impact over the next two decades.

Nigeria Strategy - H1 2015 - ARM (Report)

Nigeria Strategy - H1 2015: ARM (Report)

Global growth softened over H2 2014 as a tepid economic macro-picture across Europe and Japan combined with EM deceleration to offset robust growth in the US. Reflecting the uneven economic pattern across countries, IMF thrice downgraded global growth forecasts over H2 14.

The Mercedes Maybach is one of the auto brands popular amongst Nigeria's top one percent

In Lagos, Nigeria, the 1% takes stock

Guests sashayed through the tent doors into a scene of surreal opulence. At the far end of the tent, engulfed by servants, courtiers, national politicians and guards with wires in their ears, the celebrant perched beside his wife on a throne covered with white faux fur, his every move broadcast on flat-screens arrayed around the tent walls.

Central Business District (CBD), Abuja, Nigeria

Nigeria beyond 2015: Insights on Africa's largest economy

Last year Nigeria became the largest economy on the continent, surpassing South Africa with a GDP valued at US$519bn.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

The Johannesburg Stock Exchange (JSE)

Africa: Now a major player in emerging markets financial services

The Africa Finance & Investment Forum 2014 represented something of a landmark for the oldest continent and its plans for the future. Held in Cologne, it was the first such conference to be held in Germany, Europe’s economic motor and a strategic partner in several African ventures.

Nuclear plant

South Africa and China sign nuclear energy pact

China and South Africa sealed three nuclear pacts, as a contest intensifies for contracts to build new atomic plants in the continent’s second-largest economy.

Doug Smart, General Manager, KFC Africa

How to succeed in selling to consumers in South Africa

Doug Smart, KFC’s general manager in Africa, is mulling the challenges his company faces in appealing to a cross-section of South Africans one morning at a restaurant in Johannesburg.

The Victoria & Alfred (V&A) Waterfront in Cape Town, South Africa

Cape Town, South Africa ranked #1 for best hotels globally

As the new year approaches, many travelers are looking for inspiration on where to head in 2015. This list might help.

Welcome to Nollywood

Hurray for Nollywood

Nigerian cinema may be little known outside of Africa, but the country’s homegrown movie business, called Nollywood, produces about 1,000 films a year — a cinematic output that eclipses Hollywood’s and is second only to India’s Bollywood

China still trumps the competition in Africa Inc

China still trumps the competition in Africa Inc.

US President Barack Obama earlier this year hosted the first ever US-Africa summit.

Entrepreneurship in Africa

Entrepreneurial Activity: Another Reason to Invest in Africa?

The fertility rate in different countries is one of those topics that you might find kind of interesting only in passing.

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.

The 2015 Nissan Armada. Nissan, in a joint venture with the Stallion Group

Automobile assembly revs up in Nigeria

The first made-in-Nigeria passenger cars for decades rolled off factory lots in Lagos State in June, marking what authorities hope is the beginning of a new era for automotive assembly in the country.

Ethiopian Airlines

Ethiopian Airlines voted "Best Airline in Africa" for the second year in a row: Passenger Choice Awards, Airline Passenger Experience Association (APEX)

Ethiopian Airlines, the largest airline in Africa, is pleased to announce that it has won the Passenger Choice Awards for "Best Airline in Africa" for the second time in a row at the APEX 2014 EXPO held between 15 and 18 September 2014 in the Anaheim Convention Centre in California.

The True Size of Africa

Fact of the Day: Africa's landmass is significantly larger than that of India, China, North America, and Western Europe combined

With an area of 11.67M square miles (30.22M square kilometers), Africa’s landmass is significantly larger than that of India, China, North America, and Western Europe combined.

Gervais Yao Kouassi, Ivory Coast National Football Team, 2014 FIFA World Cup

How are Africans fans watching the World Cup in Brazil?

As Nigeria and Ghana begin their campaign, a poll finds a somewhat optimistic belief on the continent that an African team will win. How will you be following the action?