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BalogunMarket.ng - The African Future Is Digital

The African Future Is Digital: Victor Asemota

WhatsApp? What is That? A couple of years ago, one of our Managing Consultants was in South Africa. She had decided to buy a local SIM instead to save cost on roaming.

A Diageo factory in Accra, Ghana, produces Orijin Bitters. Credit: wsj.com

Why Diageo, PZ Cussons, and Atlas Mara are betting big on Africa

As growth in China slows after two decades of breakneck economic development, Western companies are increasingly turning towards India and Africa as the next great untapped opportunities.

Lagos, Nigeria

Six things to consider when doing business in Sub-Saharan Africa

Over the past two decades, Sub-Saharan Africa has caught the attention of an increasing number of investors who are looking for new and promising opportunities.

Chimamanda Ngozi Adichie

Lunch with the FT: Chimamanda Ngozi Adichie

Over jollof rice in Lagos, the Nigerian novelist talks about race, gender, her hard-edged heroines and her optimism for her home country — while revealing some surprising news.

Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Naira float makes Nigeria stocks interesting again: Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Nigeria’s stock market is becoming the most interesting one on the African continent to foreign investors after the country devalued its currency, emerging market veteran investor Mark Mobius said on Wednesday.

News Featured News Startups Technology

Online shopping startup MallForAfrica partners with e-commerce giant eBay

American eBay sellers will soon gain access to Africa’s biggest consumer markets.

Here are 7 predictions for Africa's tech sector

Here are 7 predictions for Africa's tech sector

As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role.

Mark Okoye, Executive Director & Secretary, Anambra State Investment Promotion and Protection Agency (ANSIPPA)

Invest Nigeria - Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)

In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).

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.

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”.

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

Abuja, Nigeria

Abuja, Nigeria's original startup city is making a big play for Africa's young tech entrepreneurs

When most people think of Nigeria having an ecosystem of innovation and technology they instinctively think of Lagos, and understandably so.

Africa-focused private equity funds AFC and Harith merge $3.3 billion in electric power assets

Africa-focused private equity funds AFC and Harith merge $3.3 billion in electric power assets

Harith General Partners (Harith) and Africa Finance Corporation (AFC), two preeminent institutional investors based in Africa, have merged their assets, expertise and experience to create a new energy entity combining both renewable and non-renewable power generating assets in Africa.

Subtle racism and insidious neocolonialism in Nigeria’s startup ecosystem

Subtle racism and insidious neocolonialism in Nigeria’s startup ecosystem: Paul Adepoju

One of the big stories in Africa’s startup ecosystem this month was the announcement of Chan Zuckerberg Initiative’s $24 million investment in Nigeria-linked startup Andela. We saw it as a great moment for the African tech space.

MTN's latest turnaround strategy involves poaching top executives from its arch rival

MTN's latest turnaround strategy involves poaching top executives from its arch rival

Africa’s largest telecom is appointing a new CEO, and shaking up its board and top executives.

Rob Shuter, incoming CEO, MTN Group

South Africa's MTN names Vodafone Europe Head Rob Shuter as CEO

South African mobile phone operator MTN Group named the head of Vodafone Europe as its new CEO on Monday, bringing in an outsider with a risk-management background 10 days after it agreed to pay a $1.7 billion fine in Nigeria.

Nigeria's naira is tumbling after a currency float, but that's a good thing

Nigeria's naira is tumbling after a currency float, but that's a good thing

After the first day of trading following a currency float, the value of Nigeria’s naira dipped by 31%, selling at 288.85 naira as markets closed on Monday (June 20).

Trace TV buys pan-African VOD platform Buni.tv

Trace TV buys pan-African VOD platform Buni.tv

Trace TV has announced the acquisition of pan-African VOD service Buni.tv, in preparation for the launch of its own VOD platform Trace Play, slated for later this year.

Chimamanda Ngozi Adichie

Akosua Adoma Owusu to Adapt Chimamanda Ngozi Adichie Short Story

Another novel by acclaimed Nigerian author Chimamanda Ngozi Adichie is getting the film treatment.

UberEverything will have to get round logistics difficulties in cities like Lagos. (AP Photo/Sunday Alamba)

Uber Africa will diversify beyond car rides this year with its UberEverything service

Having nearly perfected the business of moving people around on the continent, Uber is set to diversify the core of its business in sub Saharan Africa with the introduction of UberEverything.

Issam Darwish, Executive Vice Chairman & CEO, IHS Towers

IHS Towers closes the first African mobile infrastructure consolidation transaction with HTN Towers

IHS Holding Limited (IHS), the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has completed the acquisition of Helios Towers Nigeria Limited’s (HTN) 1,211 diversified tower sites throughout Nigeria.

Ebi Atawodi, General Manager, Uber Lagos

Uber, the sharing economy and the future of transportation in Lagos

CNN says Uber could be bigger in Lagos than it is in London. In its first 16 months, Uber provided 30% more rides in Lagos than it did during its first 16 months in London.

This Startup Trains Africa's Elite Coding Apprentices For Giants Like IBM & Microsoft

This Startup Trains Africa's Elite Coding Apprentices For Giants Like IBM & Microsoft

As a teenager growing up in Lomé, the capital of Togo, Faiçal Tchirou taught himself to code at a cybercafé. He wanted to help his mother manage the small pharmacy she owned.

With Kenya's Safaricom, Uber will face a rival it won't be able to beat so easily

With Kenya's Safaricom, Uber will face a rival it won't be able to beat so easily

In Africa, local taxi companies and startups have been working hard to compete with Uber but the ride hailing company has managed to outmaneuver most of them.

Phuthuma Nhleko, Executive Chairman, MTN

MTN settles Nigeria fine & looks at listing on the Nigerian Stock Exchange

MTN Group has agreed to pay a reduced fine of 330 billion naira ($1.7 billion) in a settlement with the Nigerian government of a long-running dispute over unregistered SIM cards, sending shares in the South African telecoms group soaring.

Uber Nigeria

Nigeria leads the way promoting ridesharing in Africa: Ebi Atawodi, General Manager, Uber West Africa

At the start of the last century, just one in seven people worldwide lived in cities. Today, it’s half and the UN predicts that by 2050, another 2.5 billion people will be living in urban areas.

Stephen Keshi is one of two people to win the Cup of Nations as a player and manager, and the only black African ever to coach at a World Cup. Photograph: Pius Utomi Ekpei/AFP/Getty Images

Stephen Keshi: Brawler, talker and most successful black African coach of all time

The former Nigeria and Togo manager, who died on Tuesday evening aged just 54, was, at the international level, the finest African coach of his generation.

As it expands in Africa, Uber adapts to local markets and adopts cash payments

As it expands in Africa, Uber adapts to local markets and adopts cash payments

While Uber continues its push into Africa the company is making allowances to local markets and testing unique service models users wouldn’t see in other parts of the globe.

Interswitch: Africa’s first ‘unicorn’? Credit: eyefortravel.com

Interswitch: Africa's first 'unicorn'?

An integrated digital payments and transaction processing company in Nigeria has travel companies queueing up, writes Sally White.

Philip Akesson, Country Manager, Travelstart Nigeria

Travelstart appoints Philip Akesson as Nigeria Country Manager

Travelstart has just announced the hiring of Philip Akesson as Nigeria Country Manager, effective June 1st, 2016. Akesson will be based in Travelstart Nigeria’s office in Ikeja, Lagos.

Taxify's driver app, putting the driver first. Credit: Taxify/qz.com

Uber's rivals in Africa think they can win with happier drivers, traffic jam deals and even price haggling

Wherever there is a car, a decent road and a reliable GPS connection, there is Uber.

Fela Kuti: A militant message couched in uplifting form. Photograph: Leni Sinclair/Getty Images

Here are the 10 best songs by Fela Kuti

A look back over a seminal career that encompassed political dissidence, UFO contact, chicken sacrifice – and some of the greatest dance music ever recorded.

Aliko Dangote’s ventures usually come hand-in-hand with investments in basic infrastructure such as roads and electricity supply, which benefit the local community.

Dangote Group: A trend-setter for Africa's leadership

After three and a half decades in operation, the Dangote Group has grown from a small trading business in Nigeria to become sub-Saharan Africa’s largest manufacturing conglomerate, emerging as a net economic contributor to all the countries in which it operates.

The Durbar festival in Sokoto, Nigeria, an annual event that that features prayers, music players and a military parade. Photograph: Saurabh Das/AP

"Born on a Tuesday" by Elnathan John: A review by Chika Unigwe

At the centre of Elnathan John’s insightful debut novel about religious extremism in Nigeria is its eponymous protagonist, Dantala, whose name translates as Born on a Tuesday.

Eric Osiakwan, Managing Partner, Chanzo Capital

How mobile is sparking creativity in African business: Eric Osiakwan, Managing Partner, Chanzo Capital

Chanzo Capital is an early stage micro-VC firm that provides capital and mentorship to high-tech startups in Kenya, the Ivory Coast, Nigeria, Ghana and South Africa (the so-called KINGS of Africa’s digital economy).

Alon Lits, General Manager, Sub-Saharan Africa, Uber

Uber to launch in Ghana, Uganda and Tanzania within a month

Alon Lits, General Manager, Sub-Saharan Africa, Uber Ride-hailing company Uber said Thursday that it plans to start operating in the capitals of…

Fly540

Check out 10 airlines looking to change the face of Africa's skies (Photos & Video)

The future looks bright for air travel across Africa. It’s predicted that by 2034, 190 million more flights segments will be flown across the continent.

Meet some of the tech companies creating opportunity in Africa

Meet some of the tech companies creating opportunity in Africa: Jonathan Berman, CEO, J.E. Berman Associates

For our family, it’s the homecoming routine. I pull up to the house and my son flies out of the car to inspect the box or two on our front stairs. Santa only delivers once a year, but Amazon leaves something on our door about every other day.

At the regional finals of the third annual Challenge Cup, hosted this year in Nairobi. Credit: Christopher M. Schroeder/recode.net

Startup Rising Africa

It’s hard to get more American than generalizing Africa as one big homogenous thing. It is, of course, a rich and diverse continent of more than 50 nations, where merely a piece of it — say from Kenya to Nigeria — is a greater distance than the entire United States.

Ajen Sita, CEO, EY Africa

Africa's development within the global economy: Ajen Sita, CEO, EY Africa

While Africa’s 2015 GDP is down 1.2% from 4.6% in 2014, it is still among the fastest growing regions in world.

Charles Robertson, Global Economist, Renaissance Capital

The outlook for frontier markets in Africa (Video): Charles Robertson, Global Economist, Rennaisance Capital

RenCap’s Global Economist Charles Robertson discusses frontier markets and the economic outlook for various nations in Africa.

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets. Credit: sokopay.com

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets

From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.