Portugal News

Angolan billionaire Isabel dos Santos, whose net worth is $3.5 billion, is Africa's richest woman, according to Forbes.

Portugal Dominated Angola for Centuries. Now the Roles Are Reversed

How the roles have reversed: The colonizer, some Portuguese contend, has been colonized.

Bugesera International Airport (Illustration)

Rwanda signs $818M deal for new international airport

Rwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

Opeyemi Awoyemi, Ayodeji Adewunmi and Olalekan Olude, Founders of jobs site Jobberman. Credit: Jobberman/theguardian.com

Here are Africa's top 10 tech pioneers

Africa’s digital transformation would be nothing without the tens of thousands of people who have invested, and continue to invest, energy into propelling it forward.

Tope Lawani, Co-Founder & Managing Partner, Helios Investment Partners

Pan-African private equity firm Helios completes deal to acquire UK's Crown Agents

Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire.

Oba Esigie of Benin (1504-1550 BC) was the first King of Benin who ascended the throne with the title Esigie in about 1504.

Benin City: The mighty medieval capital now lost without trace (Photos)

With its mathematical layout and earthworks longer than the Great Wall of China, Benin City was one of the best planned cities in the world when London was a place of ‘thievery and murder’.

Jes Staley, CEO, Barclays

Why Barclays Needs Africa

Chapter one in the manual given to all new bank CEOs directs them to survey every business line, looking for fat that can be trimmed and capital that can be reallocated.

Lagos, Nigeria

Meet Some Of The Lagos Luminaries Shaping Nigeria's Tech Scene

President Barack Obama may be the most famous citizen of the United States traveling around Africa this week, but he’s not the only one.

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.

Jeff Immelt, Chairman & CEO, GE

Accelerating South Africa's economic transformation: Jeff Immelt, Chairman & CEO, GE

Most people do not realize that the General Electric Company first came to South Africa in 1898—it was among our first offices overseas. For a brief period, and as part of the global effort to end apartheid, we left the country.

Traditional dance groups march in the carnival in Lagos last year. Photograph: Anadolu Agency/Getty Images

Lagos locals fear annual carnival's links to Brazilian past are being lost

Before he died earlier this year, 86-year-old great-grandfather Mr Ibaru decided he had finally had enough of Lagos’ annual carnival. “It’s become boring,” grumbled the fine-boned man with a halo of white hair, tapping his cane impatiently.

Tayo Oviosu, CEO, Paga

21 Nigerian tech CEOs at the top of their game

Here are 21 of the country’s tech entrepreneurs who are at the top of their game and are making serious waves in the tech space.

Sepp Blatter, FIFA President

Confederation of African Football (CAF) pledges voting block for Sepp Blatter's return as FIFA President

The president of soccer’s world governing body, Sepp Blatter, now knows that he can count on a quarter of all available votes when he stands for a fifth consecutive term at the helm of FIFA this spring.

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.

Isabel dos Santos

Angola's Isabel dos Santos shifts focus in Portugal from telecoms to banks

An attempt by Isabel dos Santos to orchestrate a merger of two of Portugal’s largest banks has a better chance of success than her past attempts to shake up Portugal Inc, analysts and industry sources say.

Budget Rent a Car

Avis partners with South Africa's Barloworld to operate Budget car rental brand in southern African countries

Moving ahead with the expansion of its Budget Car Rental brand and further extending itsmulti-brand strategy, Avis Budget Group Inc. (CAR – Analyst Report) penned a deal with Barloworld Ltd. to operate its Budget Car Rental brand in southern Africa.

MainOne's Lagos data center to open in January 2015

MainOne's $40M Lagos data center to open in January 2015

MainOne, a major provider of telecommunications services in West Africa, has announced that its US$40 million data center in Lagos will begin commercial operations in the middle of January 2015.

Pius Adesanmi, Professor of English and African Studies, Carleton University

Africa's new story won't be told without its diaspora: Pius Adesanmi, Professor of English and African Studies, Carleton University

If 21st century Africa is a story struggling for equality in the global community of stories, to paraphrase Africa’s most famous novelist, Chinua Achebe, then Bob Geldof, Bono, and international aid and charity organizations are not the only actors seeking a space in that narrative.

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.

Miguel Azevedo, Head of Investment Banking, Citigroup Africa

Citi's Head of African Investment Banking Miguel Azevedo preaches Africa's growth story

Because Miguel Azevedo spends two weeks each month traveling on the African continent, Citigroup’s head of African investment banking must get special permission from his firm to fly to countries affected by the Ebola crisis.

The Nigerian writer Chimamanda Ngozi Adichie at the Hay Festival in 2012

Continental drift: Africa39, an anthology of writing from south of the Sahara, is too good to miss

In 2007, Britain’s Hay Festival collaborated with the Unesco World Book Capital project to publish Bogotá39, a literary collection that showcased the talents of 39 Latin American writers under the age of 40.

London Stock Exchange (LSE)

London Stock Exchange to pursue African company listings

The London Stock Exchange is launching an aggressive attempt to increase the number of listings of African companies in the UK, following strong interest from institutional investors in a recent wave of initial public offerings from the region.

William Lauder, CEO, Estee Lauder Companies

Luxury heavyweights eye Africa's newly affluent

Sub-Saharan Africa was dismissed for decades by the luxury industry, and has attracted the attention of international heavyweights only in the past two years.

Barclays

Barclays' Exposure To Africa Is A Catalyst For Growth

With the upcoming Scottish vote on independence (scheduled for September 18, 2014), and the no-campaign losing ground, it is fair to expect turbulence in the British stock market in the next 10 days (or more, if the vote results in a victory for the yes).

Luanda, Angola

Angola's $5B sovereign wealth fund nearing African, global private equity-style deals

Angola’s fledgling sovereign wealth fund has identified direct investments in sub-Saharan Africa, and is poised to start deploying up to a third of the $5 billion it has been endowed by the government, its chairman said.

Cape Town, South Africa

Top property markets in Africa

Which African countries have the best opportunity for property investors?

Johannesburg Stock Exchange (JSE)

African IPO fund-raising in first half of 2014 surpasses all of 2013

Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013.

Funke Opeke, CEO, MainOne Cable

The Underwater Cable Changing West African Business: An Interview with Funke Opeke, CEO, MainOne Cable (Video)

MainOne Cable CEO Funke Opeke speaks about how online growth in West Africa is changing the business landscape.

Issa Hayatou, President, Confederation of African Football (CAF)

Africa seeks to force FIFA’s hand with success in Brazil

Africa’s hopes of increased future World Cup representation rest heavily on achievement in Brazil this year where five countries seek to break new ground and force FIFA’s hand.

Construction cranes operate among new skyscrapers being built in the business district of Luanda, Angola

Angola’s $7 Billion Waterfront Project Seeks to Attract Hilton Hotels

Builders of a $7 billion waterfront development in Angola’s capital, Luanda, are seeking to attract an international hotelier such as Hilton Worldwide Holdings Inc. (HLT) to boost the profile of the project.

Pray for Portugal

Portugal indebted to Angola after economic reversal of fortune

The cash-strapped European nation is coming to terms with effects of heavy investment from its oil-rich former colony.

Jason Njoku

Top 10 Tech CEOs In Nigeria

Drawing from statistics of Nigeria’s rebased GDP figures, information and communication technologies (ICT) and its sub-sectors are key drivers of Nigeria’s impressive economic growth.