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Nigeria Moves Closer to Single Naira Rate

Nigeria Moves Closer to Single Naira Rate (Infographic)

Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate.

Raila Odinga, Presidential Candidate of Kenya's National Super Alliance of Kenya (NASA)

Odinga to run for Kenyan presidency under opposition coalition

Former prime minister Raila Odinga has been named as Kenya’s opposition presidential candidate for the August general election.

In front: South Africa's President Jacob Zuma (L) and AU Chair Nkosazana Dlamini-Zuma (R)

It's time South Africa tuned into Africa's views about its role on the continent

South Africa has variously styled itself as a “bridge” between the North, the global South and Africa as well as a “gateway” into the continent.

These 6 Sectors of Africa's Economy Are Poised for Growth - McKinsey

These 6 sectors of Africa's economy are poised for growth: McKinsey

In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets.

Live music in Accra, Ghana

Why is Ghana 25 times more successful than Nigeria at attracting tourism revenues?

Tourism should be an easy win for emerging market (EM) and frontier market (FM) economies with weakened currencies, and cheap jet fuel; an opportunity that we think is being missed.

Bob van Dijk, CEO, Naspers

Africa's most valuable company Naspers worth less than what it owns (Infographics)

Fifteen years ago, a South African media company invested $34 million in an obscure Chinese Internet developer. Today that stake is worth $88 billion.

Africa's spending to exceed $5.6T by 2025: McKinsey

Africa's spending to exceed $5.6T by 2025: McKinsey

Africa’s household and business spending will top $5.6tn by 2025 and its manufacturing output could reach $93bn, according to a new McKinsey & Company report.

Africa vs USA - Actual Size

What's the real size of Africa? How Western states used maps to downplay size of continent (Photos)

On a typical world map, Canada is a vast nation. Home to six time zones, its endless plains spread from ocean to ocean, dominating great swathes of the northern half of the globe. But, in reality, three Canadas would comfortably fit inside Africa.

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.

Kenya beat Fiji to win first ever World Rugby Sevens Series title

Kenya beat Fiji to win first ever World Rugby Sevens Series title

Kenya dispatched Fiji 30-7 in the final of the Singapore Sevens to secure their first ever tournament win in the HSBC World Rugby Sevens Series.

Geoffrey White, CEO, Agility

The macroeconomics across Africa are impressive: Geoffrey White, CEO, Agility Africa

The world in 2016 is very challenging; energy prices have collapsed, China’s economy has slowed; political instability is amok in the Middle East; ISIS wages open war; Russia has resumed its colonial ambitions and Europe is struggling to survive the difference in economic cultural attitudes between the North and South, compounded by the influx of migrants.

Harry G. Broadman, CEO, Proa Global Partners

Here are the top 3 economic misperceptions of Africa: Harry G. Broadman, CEO, Proa Global Partners

Africa seems to be the only continent today that is regularly referred to as a “country”. It bristles me every time I hear it said.

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.

Victoria Island, Lagos, Nigeria

Africa: Firmly on the map

A number of new real estate fund platforms focused on Sub-Saharan Africa (SSA) have emerged in recent years, giving credence to the continent’s ability to attract larger capital commitments from global investors.

Bob van Dijk, CEO, Naspers

Africa's largest company Naspers to increase exposure to US tech startups

Naspers Ltd. plans to increase its exposure to U.S. technology startups as Africa’s biggest company by market value seeks to limit the impact of a U.S. interest-rate rise and identify new Internet growth prospects, Chief Executive Officer Bob van Dijk said.

Koeberg Nuclear Power Station in South Africa is the only nuclear power plant on the African continent.

Nuclear and renewables: South Africa's ambitious new energy mix (Video)

Heavily reliant on coal-fired electricity, South Africa is launching ambitious new projects aimed at diversifying its energy sources and avoiding power cuts.

Luxury Goods in Africa - A Maturing Sector

Luxury Goods in Africa - A Maturing Sector (Report): KPMG

There has been a noticeable improvement in economic growth in Africa since the turn of the century, driven by an improvement in the business environment and investment climate, and a decrease in aggregate political risk.

During the past 10 years, the GDP of the 11 largest sub-Saharan Africa countries increased 51%, more than twice the world's 23%. Credit: bloombergview.com

Where's the Growth? Africa

Here’s a nice way to stump your companions: Ask them what part of the world has had the fastest economic growth over the last 10 years.

Rakesh Kapoor, CEO, Reckitt Benckiser. Credit: bloomberg.com

Reckitt Benckiser sees Nigeria as Brazil peer in 20 years (Video)

Reckitt Benckiser Group Plc, the maker of household goods including Dettol cleaner and Durex condoms, sees Nigeria as a potential high-growth market to rival Brazil in the long term even as Africa’s biggest economy struggles to cope with sliding oil prices and currency restrictions.

Kenya’s David Rudisha is the current Olympic champion and world record holder in the 800 meters race. Credit: qz.com

Here's why Kenya keeps dominating the world of athletics

Kenya is on top of the world. As the world athletics championships wrapped up in Beijing on Sunday (August 30th), Kenyan athletes managed to top the overall winners table.

Cynthia Gordon, incoming CEO of Millicom Africa

Millicom appoints Cynthia Gordon as CEO of Africa division

Millicom announced the appointment of Cynthia Gordon as Executive Vice President and CEO of its Africa Division.

Nairobi, Kenya

Why And How You Can Profit Investing In Africa's 1.1 Billion Consumers

In the book “Win the Leadership Game – How Companies Can Create Unbeatable Global Teams,” by Jason Wingard, Vijay Mahajan is interviewed on the opportunities he sees in Africa.

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.

Aliko Dangote, Dangote Group's Chairman and Africa's richest man

Buying Arsenal will put Nigeria on the map, says Nigerian billionaire Aliko Dangote

Nigerian businessman Aliko Dangote says that he is interested in purchasing Premier League club Arsenal in order to boost the profile of his homeland.

South African President Jacob Zuma (L) and Russian President Vladimir Putin

South Africa and Russia sign agreements on nuclear power cooperation at BRICS meeting

South Africa and Russia signed two memoranda of understanding on nuclear power cooperation on Wednesday, part of efforts by Africa’s most advanced economy to lessen its reliance on coal and overcome power shortages that threaten economic growth.

The BRICS leaders: President Vladimir Putin (L), Prime Minister Narendra Modi (2L), President Dilma Rousseff, President Xi Jinping (2R), and President Jacob Zuma (R)

South Africa in the BRICS - A brave new world

Will the BRICS group and its New Development Bank (NDB), founded in 2014, challenge the West-led international order enforced by the financial institutions of the World Bank and the IMF?

Volkswagen brings car assembly back to Nigeria to tap Africa growth

Volkswagen brings car assembly back to Nigeria to tap Africa growth

Volkswagen AG resumed building vehicles in Nigeria for the first time in 25 years in a bid to foster sales growth in Africa.

Naspers’ global footprint

Africa's largest company Naspers adds Nigeria to 'BRIC'

Naspers Ltd. is rewriting the ‘BRIC’ acronym to include Nigeria and Turkey among the world’s best emerging markets as China and Russia lose some luster with Africa’s most valuable company.

President Vladimir Putin (L), Prime Minister Narendra Modi (2L), President Dilma Rousseff, President Xi Jinping (2R), and President Jacob Zuma (R) pose at the 6th BRICS summit in Fortaleza, Brazil on July 15, 2014 (AFP Photo/Nelson Almeida)

BRICS New Development Bank (NDB) to be operational by end of 2015, says South Africa's Ministry of Finance

The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said Friday.

Nigeria selects two sites for nuclear power plants

Nigeria selects two sites for nuclear power plants

Nigeria has selected two sites for the construction of its planned nuclear power plants, as Africa’s biggest economy tries to end decades of electricity blackouts that have slowed down its growth.

South Africa is creating one of the world's most progressive alternative energy plans

South Africa is creating one of the world's most progressive alternative energy plans

The howling wind drives the turbines, their blades bent back from the force as they spin in the evening light and send electricity to local villages in South Africa’s Eastern Cape.

Sub-Saharan Africa offers some respite from global bond tempest.

African Debt Offers Some Respite as Bond Rout Sweeps Globe

Sub-Saharan Africa is weathering the global bond tempest better than most. Seven of nine sub-Saharan African nations have outperformed the Bloomberg Emerging-Market Sovereign Bond Index since April 15.

The rise in African buyers seeking homes in central London

The rise in African buyers seeking homes in central London

Central London’s residential market has long been the focus of international interest. Headlines have highlighted the significant numbers of Russian, Middle Eastern and Chinese buyers, but a new influx of buyers and investors from Africa is now demanding attention.

Brazzaville is the capital of and largest city in the Republic of the Congo.

Republic of Congo: Ready for business

The Republic of Congo is emerging as one of Central Africa’s leading nations, with more than a decade of government reforms introduced by President Denis Sassou Nguesso improving living standards and providing opportunities for both locals and international investors.

Super-rich Africans splash out big bucks for luxury London homes.

Super-rich Africans splash out big bucks for luxury London homes (Photos, Infographic, & Video)

Sophisticated, glamorous and spacious — when the super-rich go house-hunting they are searching for something special. Real estate in London’s swankier suburbs can catch a buyers’ eye. Mayfair, Kensington and Chelsea have long been the stomping ground of the elite — and are now welcoming a new wave of African investors.

Nigeria is projected to be the first African country to hit $1 trillion in GDP by 2030

Nigeria is projected to be the first African country to hit $1 trillion in GDP by 2030

Nigeria’s economy will more than double in the next 15 years, according to projections from the United States Department of Agriculture.

Nigeria is in talks with Russia's Rosatom for nuclear power plants

Nigeria is in talks with Russia's Rosatom for nuclear power plants

Nigeria is in talks with Russia’s Rosatom Corp. to build as many as four nuclear power plants costing about $20 billion as Africa’s biggest economy seeks to boost generation and end daily blackouts.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Nigeria will be among world's 20 largest economies by 2030 (Infographic)

Take a peek at the new world that awaits us. Get ready for a new economic order. In the world 15 years from now, the U.S. will be far less dominant, several emerging markets will catapult into prominence, and some of the largest European economies will be slipping behind.

Number of ultra-high-net-worth individuals in Africa to surge

Number of ultra-high-net-worth individuals in Africa to increase

The number of ultra-high net worth individuals – those with at least $30m in assets – in Africa will increase by a staggering 59% over the next 10 years, stronger than the 34% projected global growth.

Wole Soyinka, Africa’s first Nobel Laureate for Literature

Nigerians must forgive Buhari's past, says Nobel Laureate Wole Soyinka

Africa’s first Nobel laureate for literature, Wole Soyinka, said Nigerians must show a Nelson Mandela-like ability to forgive president-elect Muhammadu Buhari’s past as an iron-fisted military ruler.

Chinua Achebe. Image credit: newafricanmagazine.com

2 years later: Remembering Chinua Achebe, Nigeria's world-renowned literary icon

It has been two years since the passing of the world-renowned Nigerian literary icon and social critic, Chinua Achebe. The man of letters passed on January 21st, 2013 in a Boston hospital after a brief illness, leaving many Nigerians in shock and rattling the literary world.

Mansion in Cape Town, South Africa

High-net-worth individuals (HNWIs) from Africa set to double by 2025: Knight Frank's 2015 Wealth Report

African individuals with 30 million US dollars in assets is set to more than double over the next decade, this is according to The Wealth Report 2015.