Libya News

Aliko Dangote, CEO, Dangote Group

Aliko Dangote: In for the long haul

Aliko Dangote, Africa’s richest man, is optimistic that the only place to invest in today is Africa.

Africa Rising - What Investors Want to Hear

Africa Rising: What Investors Want to Hear (Infographic)

The “Africa Rising’’ narrative has been put on hold, due to a couple of macroeconomic factors impacting the economic growth of the giant countries of Africa.

Moussa Faki Mahamat attends a meeting in Chad, in 2014. Credit: theguardian.com/Farouk Batiche/AFP/Getty Images

Chad's Foreign Minister Moussa Faki Mahamat elected African Union Chairman

Chad’s foreign minister has been elected as the new chair of the African Union Commission, pledging to place development and security at the top of his agenda and streamline the organization’s bureaucracy.

Travelers at Murtala Muhammed International Airport in Lagos, Nigeria

Trump's "Muslim ban" could hurt African visitors beyond banned countries

Over the past 48 hours, much of the coverage of President Trump’s executive order has focused on entry bans to citizens of seven Muslim-majority countries and rightly so.

In front: South Africa's President Jacob Zuma (L) and AU Chair Nkosazana Dlamini-Zuma (R)

It's time South Africa tuned into Africa's views about its role on the continent

South Africa has variously styled itself as a “bridge” between the North, the global South and Africa as well as a “gateway” into the continent.

Across Africa, 3 in 4 countries improve business environment

Across Africa, 3 in 4 countries improve business environment (Infographic)

Almost three-quarters of African countries saw an improvement in their business environments in 2016, according to the Doing Business 2017 report published in October by the World Bank.

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.

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”.

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.

Newly-elected AU chairman, Chadian President Idriss Déby. Photograph: Xinhua/Barcroft Media

African Union members back Kenyan plan to leave International Criminal Court

Leaders at Addis Ababa summit support pullout of international criminal court in protest at perceived unfair targeting.

Addis Ababa, Ethiopia. Ethiopia is predicted to be Africa’s fastest growing economy in 2015

Africa outperforms global economy despite downward revisions

Africa continues to outperform other world regions despite falling commodity prices and rising conflict in 2015, according to revised GDP figures forecasted by the International Monetary Fund (IMF) accessed via Analyse Africa.

Here are 17 facts about Africa you might not know

Here are 17 facts about Africa you might not know

Here are some key facts and figures, courtesy of the Indo Asian News Service (IANS), about a continent that is not only one of the fastest growing regions of the world but one that is economically, culturally and linguistically diverse.

Compelling investment markets in Africa. Credit: sc.com

Compelling investment markets in Africa - Inside Riscura's Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)

Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.

Johannesburg skyline | Source: Shutterstock

South Africa still leads the rest of Africa on foreign investment

Despite an overall deceleration in growth in recent years, South Africa leads as the top destination in Africa for inward foreign direct investment (FDI) and shows clear economic potential, according to new research from fDi Markets.

Mac Maharaj in Durban, June 2015

Full transcript: FT interview with Mac Maharaj on Mandela, Zuma and South Africa

The following is a transcript of a wide-ranging interview between Alec Russell, News Editor of the Financial Times, and Mac Maharaj, former confidant of Nelson Mandela and until recently the spin-doctor of President Jacob Zuma.

Bonang Mohale, Chairman, Shell South Africa

Why South Africa must get real: Bonang Mohale, Chairman, Shell South Africa

Looking back on the last 20 years, there is much to celebrate about South Africa’s progress. Indeed, we could easily have become a Syria, Libya, Iraq, or Ukraine—but our leaders had the foresight and the wisdom to give us the amazing gift of a united, inclusive, nonracial constitutional democracy.

Traditional Nigerian dances have been joined by new music and attitudes

I've seen Nigeria's old power at work. I know change is coming: Ken Saro-Wiwa, Jr., Partner, Dragon Africa

When President Muhammadu Buhari was sworn in as Nigeria’s 15th head of state last month, it was, as the saying goes, the beginning of an end and the end of a beginning.

A CAF executive meeting, attended by Sepp Blatter and Issa Hayatou, voted for Gabon to host the 2017 Africa Cup of Nations. Photograph: Hassan Ammar/AP

Gabon to host 2017 Africa Cup of Nations (AFCON)

Gabon beat Algeria and Ghana for right to host tournament. Gabon replaces Libya. Libya withdrew as hosts due to civil conflict.

Renowned Nigeria author, Chinua Achebe, was the winner of the 2007 Man Booker International Prize.

Africans dominate list of finalists for the 2015 Man Booker International Prize

The "Memoirs of a Porcupine," the "Confessions of the Lioness" and the lessons from the Sahara desert are just some of the titles and themes explored by the four authors from Africa who are among 10 finalists for the Man Booker International Prize.

Mo Ibrahim, who started a foundation that bears his name, says his Index of African Governance gives investors the facts to make smart choices among diverse countries. Photograph by Mathias Braschler and Monika Fischer

Billionaire Mo Ibrahim Defies African 'Basket Case' Clichés

Mo Ibrahim, a Sudanese-born billionaire philanthropist, says the Ebola outbreak in West Africa has once again painted the entire continent as a disaster zone.

Manchester City midfielder Yaya Toure has become the first player to be named Confederation of African Football African Footballer of the Year four years in a row.

Yaya Toure wins fourth African Player of the Year title in a row

Manchester City midfielder Yaya Toure has become the first player to be named Confederation of African Football African Footballer of the Year four years in a row.

Diezani Alison-Madueke, Nigeria's Minister of Petroleum

Nigeria's petroleum minister Diezani Alison-Madueke appointed Gas Exporting Countries Forum (GECF) president

Nigeria’s Petroleum Resources Minister, Diezani Alison-Madueke, on Tuesday emerged the new president of the Gas Exporting Countries Forum, GECF.

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.

Ziad Dalloul, CEO, Africell

Africell on mission to secure U.S. private equity investment

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.

Diezani Alison-Madueke, Nigeria's Minister of Petroleum

OPEC Said to Name Nigeria's Diezani Alison-Madueke as President for 2015

Diezani Alison-Madueke will succeed Libya’s Abdourhman Ataher Al-Ahirish as OPEC’s President next year, according to a delegate at the group, who asked not to be identified in line with policy.

Harmattan wind

How not to write about Africa: Use "African Spring"

On October 30, as thousands of determined Burkinabe put an end to the 27 year rule of their Western-backed autocratic leader, Blaise Compaoré, journalist Hewete Selassie asked a question (in a tweet) that pops up whenever mass protests break out somewhere in Africa: “So is #BurkinaFaso the beginning of the African #Arabspring?”

SAOTA-designed luxury villa in South Africa

Which African countries will see the greatest growth in millionaires over the next 10 years?

Research firm New World Wealth recently put together a ranking of African countries forecast to experience the greatest growth in high-net-worth individuals (HNWIs) over the coming decade.

Africa

The IMF Says The World's In A Mess - But Not Africa

The IMF’s latest World Economic Outlook makes sobering reading for most of the world.

Demands for the creation of Biafra state are still heard in south-east Nigeria

Will Scottish referendum encourage Africa's separatists?

Many African countries have secessionist movements, partly because their borders were drawn up by colonial powers in the 19th Century.

Celeste Fauconnier, Africa Macro Strategist, Rand Merchant Bank (RMB)

Nigeria Offers Best Opportunity for African Retail: Rand Merchant Bank (RMB)

Nigeria, Egypt and Ethiopia offer some of the best opportunities for retailers looking to invest in Africa, Rand Merchant Bank said.

Ziad Dalloul, CEO of Africell

Telco Disruptor Africell Looks for Gaps Amongst Giants

Africell, a small African mobile telecommunications company run from Lebanon, is planning to expand across Africa’s fast-growing telecommunications markets

Ethiopia, Kenya and Ghana bid to host 2017 Africa Cup of Nations

Ethiopia, Kenya & Ghana bid to host 2017 Africa Cup of Nations following Libya's withdrawal as host nation

Ethiopia, Kenya and Ghana have announced their interest in bidding to host the 2017 Africa Cup of Nations following Libya’s withdrawal as the host nation.

Africa's GDP

Lions go global: Deepening Africa's ties to the United States

The White House has invited some 50 African heads of state to Washington, DC, this week, presenting a historic opportunity to deepen US ties to the continent.

Business

Doing Business In Sub-Saharan Africa: Six Aspects To Consider

Many companies from the developed world are setting their sights on Africa as a new frontier for business.

Diezani Alison-Madueke, Minister of Petroleum Resources, Nigeria

Nigeria Proposes Oil Minister as OPEC Head

Nigeria has put forward its oil minister, Diezani Alison-Madueke, as a contender for OPEC’s top job, people familiar with the matter said Tuesday