Louis Vuitton News

Yemi Alade and D'Banj with their awards at the MTV Africa Music Awards 2015. Credit: businessoffashion.com/Getty

Why Africa's Musicians Are a Marketing Goldmine

Stylish, dynamic and extremely popular, Africa’s music stars are brand ambassadors for many multinationals in Africa but the fashion industry has yet to grasp their value.

Nigerian Stock Exchange to list depositary receipts enabling local ownership of US stocks like that of Apple.

'Bring Nairas, Buy Apple': Nigerian Stock Exchange to enable local purchases of foreign companies' shares

Nigerians will soon be able to invest in companies such as Apple Inc. and LVMH Moet Hennessy Louis Vuitton SE in their local currency at their local bourse.

The top 10 cities for Africa's millionaires

The top 10 cities for Africa's millionaires (Photos, Videos, & Infographic)

Wealthy Nigerians used to travel abroad to get their fix of luxury goods. However these days, they can take a stroll around Victoria Island, an exclusive neighborhood in Lagos where brands like Porsche, Hugo Boss, and Ermenegildo Zegna line the streets.

South African model Lulama Mlambo poses while wearing clothes made by Kisua.com, an online clothing retailer launched by Ghanaian entrepreneur Samuel Mensah, in Johannesburg, February 2, 2015. REUTERS/Siphiwe Sibeko

With African fashion in vogue, home talent shines

When Michelle Obama and Beyoncé Knowles attended high-profile events in clothes made by African designers, it was a sure sign that the continent’s vibrant style has arrived on the world stage.

Johannesburg skyline | Source: Shutterstock

In South Africa, more evolution than revolution

When Khanyi Dhlomo opened a plush designer boutique here late last year, it revealed as much about the national psyche as it did about the local fashion industry.

Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Africa is finally on the path to becoming a consumer society: Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

For readers of a certain age, the name of Africa will never sit comfortably alongside the word luxury.

South African Properties

South Africa's middle class is a force to be reckoned with

As the ranks of black middle and upper classes have swelled in the 20 years since South Africa’s first democratic election, so too have the aspirations of a wealthy new elite.

Porsche Panamera

Africa's elite develops a taste for the finer things in life

The luxury sector has been adjusting to what some analysts call the “new normal”. After growing at 10-13 per cent a year in 2010, 2011 and 2012, rates were already slowing last year, and are forecast to settle at between 4 and 6 per cent.

View of Victoria Island, Lagos, in Nigeria | Photo: Bill Retherford

The Business of Fashion Op-Ed: Luxury Brands Are Wrong to Ignore Africa

Earlier this year, Nigeria became Africa’s largest economy and the 26th largest economy in the world, valued at $509 billion, based on GDP figures that were recalculated using a base year of 2010 instead of 1990.