LUX* Resorts and Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal.
Lagos-based real estate classifieds startup ToLet.com.ng announced on Tuesday that it has closed a $1.2 million series A funding round from Frontier Digital Ventures.
South Africa is preparing its first sale of debt this year as global investors including BlackRock and Pimco declare that emerging markets represent a buying opportunity after three years of underperformance.
As WhatsApp launches its web app for iOS – porting the 900 million-strong messaging service to allow iPhone users to send and receive messages through a browser – the top country it’s used in (South Africa) offers a timely reminder of just how good a messaging service it is.
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.
Philippines, Chile and South Africa offer interesting investment opportunities that are not fully exploited by emerging market investors.
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.
Kenya has been named the best African emerging economy to invest in due to accelerated infrastructure development and a stable political and macroeconomic environment.
UAE Exchange, a global money transfer and foreign exchange brand, is looking to enter new markets such as South Africa, Nigeria, and Ghana, according to Sudhir Kumar Shetty, chief operations officer of global operations.
Late last month, International Data Corporation (IDC) forecast that the growth of smartphone sales in mature markets in 2014 would slow to a low single digit of 4.9% with emerging markets continuing to soar at 32.4%. The exponential growth rate in emerging markets is now 6.5 times of that in developed countries.
Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany, according to McKinsey & Co.
Johannesburg, South Africa 15th July 2014 Emirates, a global connector of people and places today announced that it will introduce a fourth daily flight between Dubai and Johannesburg effective 26th October 2014, lifting to seven the number of daily flights to South Africa.
Nigerian mobile-phone manufacturer Tingo Mobile agreed to buy a majority stake in Mass Telecom Innovation Nigeria Plc (MTI) for about 4 billion naira ($25 million) to develop rural broadband in Africa’s most populous country.
Fourteen years of Rwanda rule by Paul Kagame, whose forces ended the 1994 genocide that killed at least 800,000 people, is rewarding bond investors with record low yields amid the fastest economic growth in East Africa.