Paris News

Africa's consumer data opportunity is being tackled by startups

Africa's consumer data opportunity is being tackled by startups

The Peter Drucker management aphorism, “You can’t manage what you can’t measure,” is a favorite of Yannick Lefang, the founder of Kasi Insight, an integrated marketing research firm operating in seven African countries.

Lagos, Nigeria

Fifty years of Lagos. But what about the next 50?

The Nigerian megacity of Lagos, with its 20 million inhabitants, is the biggest in sub-Saharan Africa and is celebrating its 50th anniversary.

The first three books Cassava is publishing in the US. Credit: Cassava/Quartz

Nigerian book publisher Cassava Republic is opening shop in the US

For eons, piracy in African book publishing has been something that booksellers lived with and factored in as part of the climate of doing business.

Orange Seeks Africa Deals as Wireless Carrier Eyes Expansion

Orange Seeks Africa Deals as Wireless Carrier Eyes Expansion

Orange SA is seeking deals in Africa as France’s biggest wireless carrier targets the continent as a source of additional revenue growth, according to a company official.

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen on Wednesday opened a new assembly plant in Kenya and launched plans for a ride-sharing service in Rwanda as it seeks to take advantage of surging car demand in Africa.

Johannesburg, South Africa. Credit: sothebysrealty.com

Fact of the Day: Johannesburg, South Africa is the #1 tourist destination in Africa for the 4th year in a row

South Africa’s major urban cities remain the most visited in the African continent, attracting millions of tourists, boosting local tourism and injecting billions of dollars into the economy.

Nigeria's largest airline Arik air to double fleet by buying mostly Boeing planes

Nigeria's largest airline Arik Air to double fleet by buying mostly Boeing planes

Nigeria’s largest airline Arik Air plans to nearly double its fleet to 52 planes within 10 years and has already ordered some of them from Boeing, a source at the company said on Monday.

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria‘s largest airline Arik Air plans to raise as much as $1bn through a private share placement next year and then a possible initial public offering (IPO) in Lagos and London, its managing director said.

Ebi Atawodi, General Manager, Uber Lagos. Credit: marcopolis.net

Two Years after Its Launch Uber Nigeria Proves to Be a Success

My name is Ebi Atawodi and I am the General Manager of Uber in Nigeria. We launched Uber in Nigeria in 2014. We are just under two years old now which I think is quite a feat for a Nigerian business!

Africa - The great opportunity

Africa: The great opportunity

Africa is rapidly becoming the global economic growth engine. Half of the world’s 25 fastest-growing nations are in Africa and almost 40 per cent of the continent will achieve GDP growth of more than 5 per cent in 2016.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Africa's planned cities and the future

One of the objectives of Sustainable Development Goals is to have sustainable cities that provide opportunities for all, including access to basic services, energy, housing and transport. Some African cities like Lagos and Kigali are on the move.

Attaendees at a Speed Meet Africa event discuss new opportunities

Goodbye Europe, Hello Africa: Frances Mensah Williams, Managing Editor, ReConnect Africa

When Ernestina Ellen Boadi resigned from her job as an Events Management Executive in London, it wasn’t because she planned to switch to a better job in the city.

Part of Yemisi Shyllon's art collection in Lagos, Nigeria

Looking for an investment? African art is hotter than gold (Photos & Videos)

Amid strong demand and skyrocketing prices, contemporary African art is increasingly attracting the attention of investors worldwide.

Afrobeat king Tony Allen. Credit: cnn.com

"I still want to play something impossible": Afrobeat king Tony Allen (Photos)

“The first thing he asked was ‘Are you the one who said that you are the best drummer in this country?’ I laughed and told him, ‘I never said so.’ He asked me if I could play jazz and I said yes. He asked me if I could take solos and I said yes again.”

D'banj poses at his home in Lagos. Photographer: Paul Odijie/Bloomberg

Nigeria's booming music scene: An interview with D'banj (Video)

The mansion, the pool, the Bentley, the life-size portrait and the gold medallions are the spoils of a revolution in Nigeria and music superstar D’banj is enjoying them.

Chinelo Anohu-Amazu, Director-General, Nigeria's Pension Commission. Credit: theafricareport.com

Pension funds: Leading a quiet Nigerian revolution

For someone who oversees billions of dollars in pension funds and pilots sweeping reforms in Africa’s biggest economy, Chinelo Anohu-Amazu did not shout her credentials from the roof tops when she visited The Africa Report’s office in Paris.

Airbnb

House sharing service Airbnb plans Africa expansion

Airbnb is hoping to spread its unique brand of hospitality throughout Africa. The San Francisco company, which allows people to rent rooms in their private homes to travelers over the Internet, held an event July 27 in Johannesburg, where Airbnb Chief Executive Officer Brian Chesky walked local reporters through the company’s ambitions in the world’s second-most populous continent.

Eko Atlantic, Lagos, Nigeria

Eko Atlantic: Why Nigeria's plans for a dream Eldorado city in Lagos are not radical enough (Video)

The government of the state of Lagos–Nigeria’s commercial capital–has proudly proclaimed it is building a new city that will become the new financial centre of Nigeria, and perhaps West Africa.

The businessman and art collector Sindika Dokolo in Porto, Portugal. Credit Patricia de Melo Moreira for The New York Times.

Husband of one of Africa's richest women fights for African art

Sindika Dokolo, a Congolese businessman and art collector, is on a crusade to force Western museums, art dealers and auction houses to return Africa’s art, particularly works that might have been removed illegally during the colonial era.

US private equity firm KKR made its maiden investment in Africa in 2014, spending $200M on a stake in an Ethiopian flower farm.

Private equity giant KKR hires ex-Bolloré Group executive Dominique Lafont to head push into Africa

KKR appointed the former chief executive of Africa’s biggest ports and logistics network as a senior adviser, in a sign the private equity house is looking to invest in the region’s infrastructure.

President Jose Eduardo Dos Santos (Left) walks with his French counterpart Francois Hollande by guards of honor at the Presidential Palace in Luanda on July 3, 2015 (AFP Photo/Alain Jocard)

France & Angola sign business deals from oil to hotels

France and Angola on Friday signed business agreements covering a wide range of economic sectors from oil to hotels, which are potentially worth several hundred million dollars, French officials said.

Johannesburg mulls regulating Uber to appease taxi drivers

Johannesburg mulls regulating Uber to appease taxi drivers

South Africa’s most populous city is considering regulations for car-booking service Uber Technologies Inc. in the country’s richest province, addressing the concerns of the taxi industry.

Ethiopia to step up role as regional clean power exporter

Ethiopia to step up role as regional clean power exporter

Ethiopia plans to begin exporting renewable energy to a broader range of neighboring nations by 2018 as part of a cross-border effort to meet regional energy demand and limit increases in climate-changing emissions.

Kenyan Muslim women and men applaud as a women's representative denounces the latest attack by al-Shabab gunmen, at a public meeting in Garissa, Kenya, on Apr. 3, 2015. Ben Curtis—AP

Look beyond Garissa attack to see progress in Kenya: former US Ambassador to Kenya, Major General Scott Gration, Ret.

If the media coverage on Kenya is all about terrorism, the terrorists win.

The final look from Nadir Tati’s “40 years Of Independence” collection (Photo Credits: Rui Vasco)

At Portugal's Fashion Week ModaLisboa, It Was Angola That Reigned

It is one of Europe’s longest standing fashion weeks, initiated in 1991, and concluded its 44th edition over the past weekend. ModaLisboa is the bi-annual event in which Portugal’s fashion capital Lisbon gets to show what its local fashion industry is all about.

Born in Ivory Coast, raised in Morocco and educated in France, at the elite Ecole Polytechnique, francophone Tidjane Thiam has spent a lifetime defying the odds. Photographer: Simon Dawson/Bloomberg

Tidjane Thiam, Credit Suisse's next CEO: The gnomes of Zurich bet on the man from the Pru

To his family in Africa, he was “l’ultime espoir” — the last hope. Tidjane Thiam, it’s safe to say, didn’t disappoint. Over the past 30 years, Thiam has traced the arc of ambition from his native Ivory Coast to the top of a venerable British insurer, Prudential Plc, sweeping aside the last racial barrier in U.K. boardrooms.

Cobus Visagie looks to pass the ball during Springbok training in Cape Town in 2001. Source: Touchline Photo/ALLSPORT/Getty Images

Big-tackling ex-Springbok rugby player Cobus Visagie starts Africa fund

Cobus Visagie recalls making 18 tackles the day South Africa’s national rugby team kicked its way into the World Cup record books to defeat England.

Stéphane Richard, Chairman & CEO, Orange

Orange said to explore purchase of some Bharti Africa assets to tap explosive growth in sub-Saharan Africa

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.

Reni Folawiyo, Founder & CEO of Alara. Credit: style.com

Lagos Rising: Alara Founder and CEO Reni Folawiyo talks to Style.com about her ambitious new store

Nigeria is the largest economy in Africa, and growing richer by the day, and bustling Lagos is a city full of moneyed, cosmopolitan fashion consumers. Habit among them has been to travel abroad to do their shopping—London, Paris, and Dubai are regular haunts.

Chimamanda Ngozi Adichie, Author of the award-winning and best-selling novel "Americanah"

Chimamanda Ngozi Adichie's "Americanah" comes to France

Nigerian author Chimamanda Ngozi Adichie is one of Africa’s most feted writers. Her latest novel, “Americanah,” hit French bookstands this month.

The Mercedes Maybach is one of the auto brands popular amongst Nigeria's top one percent

In Lagos, Nigeria, the 1% takes stock

Guests sashayed through the tent doors into a scene of surreal opulence. At the far end of the tent, engulfed by servants, courtiers, national politicians and guards with wires in their ears, the celebrant perched beside his wife on a throne covered with white faux fur, his every move broadcast on flat-screens arrayed around the tent walls.

Goodluck Jonathan, President of Nigeria

Nigeria's Goodluck Jonathan slams Islamists abroad, is muted at home

A day after gunmen killed 12 people at the French satirical weekly, Charlie Hebdo, in Paris on Jan. 7, Nigerian President Goodluck Jonathan issued a statement condemning the “dastardly terrorist attack.”

Ramco Printing Works - One of the subsidiaries of Ramco Group

Paris-based private equity firm Amethis Finance buys 30% stake in Kenya's Ramco

A Paris-based private equity fund has bought a 30 per cent stake in a subsidiary of Ramco Group.

Zainab Ashadu, Founder of designer handbag maker Zashadu

Zainab Ashadu: The brains behind Nigerian designer handbag maker Zashadu

Nigerian designer, Zainab Ashadu, is the brains behind the Zashadu brand of designer handbags, whose modern, colorful creations use the ancient art of tanning and leather-dyeing from Northern Nigeria.

Uber

Uber is coming to Kenya, following launches in South Africa, Nigeria, and Egypt

Uber, the rapidly growing taxi app, is preparing to launch in Kenya.

Porsche Panamera

Nigeria: The next big frontier for luxury

The ‘Africa Rising’ narrative, driven primarily by the region’s high growth rates, has captured a great deal of attention from global businesses. High growth rates in Africa’s largest economy, Nigeria, have been fueling growth in the country’s luxury market.

Fernando de Sousa, General Manager Africa Initiatives at Microsoft and HumanIPO's Paul Adepojuat DEMO 2014

Microsoft and 88mph announce partnership to support startups in Nigeria

Technology company Microsoft today announced a partnership with seed fund and accelerator 88mph to expand Microsoft Ventures program into Nigeria.

Nadir Tati

Nadir Tati: The Angolan Designer That Sells $10,000 Dresses

It’s the African cash cow that produces oil, diamonds and more recently, fashion.

Twins Kessie and Eku Edewor

The Nigerians have arrived ... and London is paying attention

Richard Vedelago is 29 years old and worth more millions than he’s prepared to tell. ‘Money talks, but wealth whispers,’ he says with a smile, sitting back in the bar at Claridge’s – his idea – and lazily sipping an elderflower juice.

South Africa's economic hub Johannesburg will retain its title as Africa's most visited city for the second year in a row, a study shows

Fact of the Day: Johannesburg is Africa's most visited city for second year in a row

South Africa’s economic hub Johannesburg will retain its title as Africa’s most visited city for the second year in a row, a study has shown.

Tina Joematt Pettersson, South Africa's Minister of Energy

France and South Africa sign nuclear energy agreement

Paris and Pretoria signed Tuesday an agreement which could open the way for French nuclear giant Areva to bid to build eight nuclear reactors in South Africa worth up to $50 billion (39.5 billion euros).

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.