Sierra Leone News

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.

A black child and a white woman hold hands in Bamako, Mali

#LintonLies: Louise Linton just wrote the perfect White-Savior-in-Africa story

If there is one media narrative about Africa that refuses to be squashed, it’s the White-Savior-in-Africa bug.

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.

Abidjan, Ivory Coast. Credit: panoramio.com

Here are Africa’s top 10 fastest growing economies (Infographics)

The Ivory Coast is Africa’s fastest growing economy, according to the IMF’s latest World Economic Outlook. The West African nation’s GDP is expected to grow by 8.5% this year.

Edoh Kossi Amenounve, CEO, Bourse Régionale des Valeurs Mobilières (BRVM)

West African stock markets are planning to join forces (Video)

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.

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.

Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp

Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp

Bharti Airtel Ltd, the world’s third largest communications services provider, has signed an agreement with American Tower Corp., to sell approximately 1,350 towers in Tanzania.

Orange Strikes $160M Deal for Tigo DRC

Orange Strikes $160M Deal for Tigo DRC

Orange is set to continue its acquisition spree in Africa with a $160 million takeover of Millicom’s Tigo-branded mobile phone business in the Democratic Republic of Congo.

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

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 acquires Liberia's largest cell phone company Cellcom in Africa expansion move

France's Orange acquires Liberia's largest cell phone company Cellcom in Africa expansion move

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.

Addis Ababa, Ethiopia. Ethiopia is predicted to be Africa’s fastest growing economy in 2015

Africa outperforms global economy despite downward revisions

Africa continues to outperform other world regions despite falling commodity prices and rising conflict in 2015, according to revised GDP figures forecasted by the International Monetary Fund (IMF) accessed via Analyse Africa.

Nancy Kacungira, New Anchor, KTN

Why I cannot tell 'the African story': Nancy Kacungira, News Anchor, KTN (Infographic)

Ugandan TV journalist Nancy Kacungira has won the first BBC World News Komla Dumor Award for Africa-based journalists.

Compelling investment markets in Africa. Credit: sc.com

Compelling investment markets in Africa - Inside Riscura's Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)

Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca

Africa50 Infrastructure Fund raises $830M in first closing

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca Africa50, the new and innovative infrastructure investment…

4 Ways American Investors Can Invest In Africa

Here are 4 ways for American investors to invest in Africa right now

Africa has long posed interesting investment opportunities, but investing in this continent’s growth has been difficult outside of a limited number of resource companies.

Aliko Dangote, Africa's richest man, is investing $11 billion to build a 500,000 barrel/day refinery in Nigeria, scheduled to come online by mid-2018.

Is Nigeria poised for a massive refining boom?

President Obama was not among the heads of state at the inauguration of incoming President Muhammadu Buhari on May 29, 2015. However, in his private conversations with Nigeria’s new president, he might offer Mr. Buhari some encouragement that, beyond the friendship between their nations, they share something else in common.

The African Development Bank (AfDB): Connecting regions (Reuters/Thomas Mukoya)

Why you should care who's in line to run the African Development Bank

This week, the African Development Bank (AfDB), the World Bank of Africa if you like, will elect a new president to replace Donald Kaberuka, a former Rwandan finance minister, who steps down on August 31 after a decade in charge.

Standard bearer … Donald Kaberuka, the outgoing president of the African Development Bank, at a board meeting in Abidjan, Ivory Coast, last September. Photograph: Sia Kambou/AFP/Getty Images

Here are the eight candidates running for African Development Bank President

The African Development Bank (AfDB) will elect a new president at the end of the month as its current leader, Donald Kaberuka, steps down after a decade in charge.

Regional Economic Outlook: Sub-Saharan Africa - Navigating Headwinds (April 2015 Report)

Strong growth in Sub-Saharan Africa despite headwinds - IMF Regional Economic Outlook: Sub-Saharan Africa (April 2015 Report)

Growth in Sub-Saharan Africa should remain robust but decelerate in the wake of the decline in oil and commodity prices.

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.

Cristina Duarte, Cape Verde’s Finance Minister. Photographer: Nicholas Kamm/AFP/Getty Images

First woman candidate for AfDB boss says Africa must retain wealth

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.

The pros and cons of an East African Community (EAC) monetary union

The pros and cons of an East African Community (EAC) monetary union

There has been very vocal interest in regional integration, including monetary integration, in Africa over the decades since independence.

South African mercenaries are reportedly operating in Nigeria's remote north-east, fighting the Boko Haram insurgents.

Mercenaries in Africa: South Africa struggles in vain to ban soldiers of fortune

During the 1980s, Leon Lotz fought for the “Koevoet” (“crowbar” in Afrikaans), a South African apartheid-era paramilitary unit charged with rooting out nationalist guerrillas in what is now Namibia — acting as “the crowbar which prises terrorists out of the bushveld like nails from rotten wood,” in the words of South Africa’s then minister of law and order, Louis le Grange.

A Kenya Airways jet arrives at Jomo Kenyatta International Airport in Nairobi. Africa’s aviation industry is booming. Photograph: Noor Khamis/Reuters

Africa's aviation industry is booming: Opening up Africa's airspace could make sky the limit (Video)

Glancing around a crowded terminal in Kenya’s Jomo Kenyatta airport, one of the busiest international hubs in Africa, it’s obvious that more passengers are streaming to the continent than ever before.

Mo Ibrahim, who started a foundation that bears his name, says his Index of African Governance gives investors the facts to make smart choices among diverse countries. Photograph by Mathias Braschler and Monika Fischer

Billionaire Mo Ibrahim Defies African 'Basket Case' Clichés

Mo Ibrahim, a Sudanese-born billionaire philanthropist, says the Ebola outbreak in West Africa has once again painted the entire continent as a disaster zone.

Runa Alam, CEO, Development Partners International (DPI)

Africa's opportunities far outweigh its risks: Runa Alam, Co-Founder & CEO, Development Partners International (DPI)

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African private equity firm, in 2007.

AfDB releases official list of candidates for the election of the next Bank President

Nigeria Agriculture Minister, Ethiopia & Chad Finance Ministers among shortlisted candidates for African Development Bank President

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.

Herve Chomel, Vice President, MoneyGram Africa

MoneyGram reaches 25,000 locations across Africa: Herve Chomel, Vice President, MoneyGram Africa

MoneyGram, a leading global money transfer company, announces today that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent.

Power transmission lines

Sierra Leone to increase power generation capacity tenfold by 2017. Unbundles National Power Authority (NPA)

Sierra Leone’s Energy Ministry on Wednesday presented documents marking the completion of months of work aimed at transforming the country’s power sector.

Abidjan, Ivory Coast

Increased confidence in West Africa-focused private equity

Although Africa still only makes up a small portion of the private equity market, interest is on the rise as a result of a burgeoning middle class and strong growth figures across the continent as a whole.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp, & UBA Group

Entrepreneurs will create the jobs Africa requires: Tony Elumelu, Chairman of Heirs Holdings, Transcorp, and UBA Group

In the last week alone, the international media has been buzzing about Chi, a Nigerian drinks company, and Africell, the largest mobile phone operator in Sierra Leone and Gambia.

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.

Africell

Africell Plans to Invest $150 Million to Upgrade Uganda Operations

Lebanon-based telecommunications company Africell plans to invest up to $150 million to improve the network of its recently acquired Ugandan unit, Orange Uganda Ltd., over the next three years, a company executive said on Monday.

Ibese Cement Plant, Ogun, Nigeria

Here's Why Dangote Cement Is a Buy

When Africa’s richest man, Aliko Dangote, announced a 40% price cut on bags of Dangote Cement last week, Nigerian consumers rejoiced.

Ziad Dalloul, CEO, Africell

Africell on mission to secure U.S. private equity investment

Africell Holding, the largest mobile-phone operator in Sierra Leone and Gambia, is courting U.S. private-equity firms including Providence Equity Partners, KKR, and Carlyle Group, hoping to sell a stake in the company, which is valued by the owner at up to $1.5 billion.

Konga is Nigeria's largest online mall

Online retailers pushing for e-commerce growth in West Africa

As Internet usage surges, an increasing number of online retailers in West Africa are springing up, giving mobile phone users a variety of options to buy and sell new and used items.

The creator of the ‘Ebola – no Ebola’ map says he is trying to show the world that Africa is not a country. Photograph: EbolaPhone/Twitter

Ebola for beginners: Twitter map outlines some elementary geography

A rudimentary map demonstrating that Africa is not synonymous with the Ebola virus has hit a nerve online.

Nigeria implemented a co-ordinated approach that involved making 18,000 visits to 900 people to check their temperatures.

How Nigeria defeated Ebola

In a moment of welcome relief about the Ebola outbreak in West Africa, the World Health Organisation (WHO) has declared Nigeria free of the virus.

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.

First Consultants Hospital, Lagos, Nigeria

A callout of the American press reporting on Nigeria being "Ebola-free"

Nigeria has been declared Ebola-free.

Empty Ebola ward in Abuja, Nigeria

How Did Nigeria Quash Its Ebola Outbreak So Quickly?

On July 20 a man who was ill flew on commercial planes from the heart of the Ebola epidemic in Liberia to Lagos, Nigeria’s largest city.

People walk past an information board on Ebola at a bus terminal in the Obalende district of Lagos, on Oct. 20, 2014. Africa's most-populous nation was on Monday declared officially Ebola free.

WHO Cites Nigeria's Response to Halt Ebola as Blueprint

Nigeria’s success in stopping Ebola shows how the virus can be stamped out and is a blueprint for other developing countries at risk of the disease, according to the World Health Organization.