Malaysia News

Nando's considering IPO

Soon You Could Buy Shares in Nando's

Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering a London Stock Exchange IPO, according to people familiar with the matter.

Tamassa Resort in Mauritius

Property fund Mara Delta agrees to buy Tamassa Resort in Mauritius

LUX* Resorts and Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal.

ToLet.com Co-Founders (L-R): Sulaiman Balogun, Fikayo Ogundipe, Dapo Eludire and Seyi Ayeni

Nigeria's ToLet.com.ng raises $1.2M from Frontier Digital Ventures

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.

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

Jacob Zuma, President of South Africa

South Africa joins emerging markets wave of sovereign bond sales

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.

Why WhatsApp is South Africa's favorite app

Why WhatsApp is South Africa's favorite app (Infographic)

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.

Moses Mabhida Stadium, Durban, South Africa

Durban to host 2022 Commonwealth Games

Durban in South Africa will host the 2022 Commonwealth Games, becoming the first African city to be awarded the four-yearly multi-sports event.

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.

South Africa is a hidden emerging market play: Philippe Langham, Head of Emerging Markets Equities, RBC GAM

South Africa is a hidden emerging market play: Philippe Langham, Head of Emerging Markets Equities, RBC GAM

Philippines, Chile and South Africa offer interesting investment opportunities that are not fully exploited by emerging market investors.

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.

Ian Bremmer, President, Eurasia Group

Kenya named Africa's best investment hub: Ian Bremmer, President, Eurasia Group

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

UAE Exchange looks to enter new African markets: Sudhir Kumar Shetty, Global COO, UAE Exchange

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.

It now takes six days for goods to reach the port of Mombasa from Kigali. In 2012, it took almost 18 days, on average.

Rwanda finds working with the neighbors pays off

The government of President Paul Kagame, who has for years maintained a firm grip on Rwanda’s politics, has built a remarkable record for economic reforms.

BlackBerry Z3

Robust BlackBerry Z3 sales in emerging markets, including Nigeria and South Africa, may bring early return to profitability

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.

Acha Leke, Partner, McKinsey

Nigeria Seen by McKinsey in World's Top 20 Economies by 2030: Acha Leke, Partner, McKinsey

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.

Emirates

Emirates increases to seven the number of daily flights between Dubai and South Africa

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.

Rural Broadband in Africa

Nigerian Phone Maker, Tingo Mobile, Buys MTI Stake to Expand in Rural Broadband

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.

Paul Kagame

Paul Kagame’s Singapore of Africa Economy Rewards Debt: Africa Credit

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.