Singapore News

Chauffeur driven: Uber in Lagos. Credit: FT

Uber gears up to ease stressful commutes in Nigeria

Car-hailing app Uber has frequently attracted controversy — whether over workers’ rights, management practices and its attitude to regulation.

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.

Tamassa Resort in Mauritius

Property fund Mara Delta agrees to buy Tamassa Resort in Mauritius

LUX* Resorts and Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal.

6 reasons to invest in Africa

6 reasons to invest in Africa: Tarek Sultan, CEO & Vice Chairman, Agility

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity.

Rwanda: A new model for growth

Rwanda - A new model for growth (Infographic & Report): This Is Africa & the Financial Times

Rwanda’s transformation from the peak of its political crisis culminating in the 1994 conflict until now is remarkable. Though the country is frequently held up as a model for rapid development by politicians and development policymakers, its trajectory and political culture are unique.

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.

Sunny Verghese, Co-Founder, Group Managing Director and CEO, Olam

Olam Bets on Africa Reward as On-The-Go Food Demand to Climb

Olam International Ltd., one of the world’s largest food traders, is hunting for more investments in Africa as it looks to benefit from the continent’s increasing appetite for everything from instant noodles to lollipops.

Nigerian billionaire Abdulsamad Rabiu, Chairman, BUA Group. Credit: forbes.com

Nigerian billionaire Abdulsamad Rabiu sells flour milling business to Singapore's Olam for $275M

BUA Group, one of Africa’s largest food and infrastructure conglomerates, has sold its flour business to Olam International of Singapore for $275 million.

US President Barack Obama (L) and M-KOPA Solar representative. M-KOPA, headquartered in Nairobi, Kenya, is the global leader of “pay-as-you-go” energy for off-grid customers.

The African tech startup scene has been transformed in just four years

Last month DEMO Africa took place in Lagos, Nigeria, with 30 tech startups pitching to an audience of investors.

Razia Khan, Head of Economics, Africa at Standard Chartered

Affluent consumers in Kenya and Nigeria are confident about growth: Razia Khan, Head of Economics, Africa at Standard Chartered (Video & Report)

Nigerians and Kenyans are confident about growth in their markets and expect their incomes to grow next year.

Why WhatsApp is South Africa's favorite app

Why WhatsApp is South Africa's favorite app (Infographic)

As WhatsApp launches its web app for iOS – porting the 900 million-strong messaging service to allow iPhone users to send and receive messages through a browser – the top country it’s used in (South Africa) offers a timely reminder of just how good a messaging service it is.

Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

Nigeria's New Direction: Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

Muhammadu Buhari’s inauguration on May 29, 2015 has taken Nigeria in a new direction, one that is so far characterized by national pride and international confidence.

Luanda, Angola’s capital city. Angola is rich in national resources, particularly oil and gas.

Angola's capital Luanda remains 'most expensive city' for expats in Mercer's 2015 Cost of Living ranking

The Angolan capital, Luanda, remains the world’s most expensive city for expatriates, according to an annual survey by consultancy Mercer.

South African model Lulama Mlambo poses while wearing clothes made by Kisua.com, an online clothing retailer launched by Ghanaian entrepreneur Samuel Mensah, in Johannesburg, February 2, 2015. REUTERS/Siphiwe Sibeko

With African fashion in vogue, home talent shines

When Michelle Obama and Beyoncé Knowles attended high-profile events in clothes made by African designers, it was a sure sign that the continent’s vibrant style has arrived on the world stage.

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.

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.

A mixed use high density development stands as part of the Wescape real estate project in Cape Town, South Africa, in this undated handout illustration.

Building a Boston in Cape Town: $13B dream rises from ashes of apartheid

David Pearson has a vision: a new community of 800,000 — bigger than Boston — complete with factories, schools, clinics and a university that will help erase the legacy of apartheid in Cape Town.

It now takes six days for goods to reach the port of Mombasa from Kigali. In 2012, it took almost 18 days, on average.

Rwanda finds working with the neighbors pays off

The government of President Paul Kagame, who has for years maintained a firm grip on Rwanda’s politics, has built a remarkable record for economic reforms.

There were 66,000 BWM-3 series produced in South Africa in 2013. Of those made for export, the cars were sent to Japan, Australia, Singapore, as well as sub-Saharan Africa.

Car makers in the driving seat of South Africa's economy

The smells of oil, tires and hard work surround Monwabisi Bokwe as he stands on the Volkswagen production line.

Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

Nigeria's 2014 GDP growth will exceed 6 percent: Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

Nigeria’s finance minister said on Friday she is confident that growth in 2014 will be around the government’s latest forecast of 6.5 percent after discounting the economic impact of the insurgency waged by the Islamist group Boko Haram.

Slim SIMs Illustration

Disrupting mobile banking in Kenya: Slim SIMs

EQUITY Bank, whose micro-loans offerings have helped increase the number of Kenyans using formal financial services, is looking to break into Kenya’s booming mobile telecoms market.

Emirates

Emirates increases to seven the number of daily flights between Dubai and South Africa

Johannesburg, South Africa 15th July 2014 Emirates, a global connector of people and places today announced that it will introduce a fourth daily flight between Dubai and Johannesburg effective 26th October 2014, lifting to seven the number of daily flights to South Africa.

Paul Kagame

Paul Kagame’s Singapore of Africa Economy Rewards Debt: Africa Credit

Fourteen years of Rwanda rule by Paul Kagame, whose forces ended the 1994 genocide that killed at least 800,000 people, is rewarding bond investors with record low yields amid the fastest economic growth in East Africa.