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.
In addition to this new 40 MW plant in Mozambique, Scatec Solar operates 200 MW of solar power plants in South Africa and Rwanda and has new projects under development across Africa, including in Mali, Nigeria and Kenya.
Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.
Turnover on West Africa’s BRVM bourse more than doubled over the past year, reaching 209.26 billion CFA francs ($362.2 million) in late May.
Stock exchanges in Nigeria, Ghana, Sierra Leone, Cape Verde, as well as the BRVM are in talks to develop a common platform for cross-border listing and trading in West Africa, to create broader and deeper liquidity across the region.
The revenue of West Africa’s BRVM stock exchange rose about 48 percent last year, boosted by regional economic growth, the manager of the stock exchange told reporters on Thursday.
Leaders at Addis Ababa summit support pullout of international criminal court in protest at perceived unfair targeting.
For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa.
French telecom incumbent Orange has agreed to acquire Bharti Airtel’s businesses in Burkina Faso and Sierra Leone in a continuation of its expansion strategy in West Africa.
France’s Orange has agreed to buy Cellcom Liberia from privately held Cellcom Telecommunications Ltd. for an undisclosed sum as part of its expansion strategy in West Africa.
Africa’s rise in prominence is part of an overall global trend that has seen a shift in economic opportunity from the developed to the developing world. In fact, 6 out of the 10 fastest growing economies in the world are in Africa.
President Alassane Ouattara sees transformative potential in Ivory Coast’s economic comeback — not just for his country, but also for the largely untapped and underserved west African market of more than 300m.
Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.
Company to expand Africa portfolio by over 50% in the next five years entering new markets and introducing more brands.
Africa-based banks, once largely domestic, are expanding across the continent and now dominate the banking sector in many countries.
Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.
The Africa Report is a unique and market-leading publication which draws on the expertise of Knight Frank’s unrivalled network of property professionals in Africa. The report presents a wealth of material highlighting the growth of Africa’s economies, cities and real estate markets.
Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca Africa50, the new and innovative infrastructure investment…
Another week and another bank in Africa is entering the mobile money space.
Mali has signed an agreement with a Norwegian renewable energy specialist to build west Africa’s first industrial-scale solar power plant, the company announced in a statement on Friday.
Cristina Duarte, the finance minister from Cape Verde who is the first woman to stand for the presidency of the African Development Bank, said the lender should encourage wealth generated in Africa to stay on the continent.
Following on from partnerships and dual listings with a number of African capital markets, the London Stock Exchange (LSE) is looking to foster dual listings with the West African regional exchange.
Kevin Murray, MD for West and Central Africa, Citi French-speaking West and Central Africa are generating strong revenues and could emerge as…
The Steering Committee of the Board of Governors of the African Development Bank met on 11 February, 2015 at the Bank’s headquarters in Abidjan and agreed to the following list of candidates for the election of the next President of the African Development Bank.
Orange (http://www.orange.com) and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts.
Orange SA has explored various acquisitions in Africa including assets owned by Bharti Airtel Ltd., as the French company seeks to bolster its business in the region, according to people familiar with the matter.
Manchester City’s hopes of having Yaya Touré back for Saturday evening’s title showdown with Chelsea could depend on the lottery of a drawing of lots should Ivory Coast finish level on points in their Africa Cup of Nations group on Wednesday.
Emperor Mansa Musa of Mali amassed a jaw-dropping $400B during his reign from 1312 to 1337, making him the wealthiest man ever, outranking the Rothschilds ($350B), the Rockefellers ($340B), and Bill Gates ($81.2B).
Africa’s attractiveness as an investment destination continues to grow in recognition, a leading investment expert has said.
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?”
A rudimentary map demonstrating that Africa is not synonymous with the Ebola virus has hit a nerve online.
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.
Ecobank Transnational Inc. (“Ecobank”) and MasterCard, http://newsroom.mastercard.com/ today announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries.
African countries secured commitments from companies in the Persian Gulf totaling $19 billion to invest in roads, railways and airports at the first West Africa Investment Forum held in Dubai on Tuesday.
The Financial Times recently did a video interview with Clifford Mpare, CFA, of Frontline Capital Advisors.
The Economist magazine recently published an article on Nigeria in which it described the government of President Goodluck Ebele Jonathan (“GEJ”) as “A clueless government”.