Somalia News

Nic Rudnick, CEO, Liquid Telecom

Liquid Telecom buys Neotel for $466M to form Africa's largest fiber network

Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.

Across Africa, 3 in 4 countries improve business environment

Across Africa, 3 in 4 countries improve business environment (Infographic)

Almost three-quarters of African countries saw an improvement in their business environments in 2016, according to the Doing Business 2017 report published in October by the World Bank.

African economies to grow by 4.4% in 2016

African economies to grow by 4.4% in 2016, up from 3.7% in 2015

Africa will record a 4.4 percent economic growth this year, up from 3.7 percent in 2015 buoyed by increasing domestic demand and improved investment in infrastructure, the United Nations has predicated.

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.

Kenya's Cabinet Secretary for Interior and Coordination of National Government Joseph Nkaissery (AFP Photo/Mandel Ngan)

Kenya government makes major security reshuffle

Kenya’s government on Wednesday announced major changes in its administrative and security personnel, with a clear focus on tackling the security issues linked to Somalia’s Al-Shabaab rebels.

Barack Obama, President of the United States of America

Africa to Obama: Mind your own business

United States President Barack Obama is the most admired foreign leader in Africa because he has ancestral roots in our continent.

#SomeoneTellCNN: CNN gets ridiculed on Twitter for calling Kenya a "Hotbed of Terror"

#SomeoneTellCNN: CNN gets ridiculed on Twitter for calling Kenya a "Hotbed of Terror"

US President Barack Obama is visiting Kenya this week and CNN has been reporting on how the region is a so-called “Hotbed of Terror”. CNN’s narrow characterization of Kenya has spawned a particularly heated and amusing backlash from well-informed Twitter users who got the mocking hash tag #SomeoneTellCNN trending worldwide.

Screenshot of some of the images found under the hashtag #TheAfricaTheMediaNeverShowsYou on Twitter.

Here is the Africa the media never shows you

The portrayal of Africa by mainstream media, particularly Western media, paints it as a dark, ugly, hopeless place that is ridden with civil war, militant groups, corruption, violation of freedoms, starvation, chaotic urbanisation and utter desperation.

Digging deep (AP Photo/Vincent Yu)

In just 5 years, submarine cables have brought a 20-fold increase in bandwidth in Africa (Infographic)

Six years ago, the Sea Cable System (Seacom), the first undersea broadband cable along Africa’s eastern and Southern coastlines, was launched.

A customer conducts a mobile money transfer via M-PESA inside the Safaricom mobile phone care center in the central business district of Kenya's capital, Nairobi. REUTERS/Thomas Mukoya

Kenya's KCB signs up 1.8 million mobile banking customers in 3 months

Kenya’s biggest bank by assets, KCB, has signed up 1.8 million customers for its mobile phone-based service since it was launched in March and is on target for 10 million users within a year from now, its chief financial officer said.

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.

Ilyas Dawaleh was a businessman before be entered politics and rose to become Djibouti’s Minister of Economy and Finance. Antonie Robertson / The National

Ilyas Dawaleh: The man who wants to make Djibouti the next Dubai

Ilyas Dawaleh has an ambition: he wants to make his country the Dubai of Africa, and he is getting plenty of help from the UAE to help him achieve that.

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.

Nairobi, Kenya

Kenya set for faster growth at 6% (up from 4.7%). Could reach 7% by 2017: World Bank

Low oil prices and loose monetary policy in the U.S. have bolstered Kenya’s economy, leading the World Bank to revise its growth forecast for East Africa’s largest economy to 6% this year, sharply up from its previous projection of 4.7%.

Africa, the next frontier in financial investing

Africa, the next frontier in financial investing: Homestrings

Helping businesses back home is a compelling case for investing in frontier markets, the term given to Africa as a pre-emerging economy.

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.

Demands for the creation of Biafra state are still heard in south-east Nigeria

Will Scottish referendum encourage Africa's separatists?

Many African countries have secessionist movements, partly because their borders were drawn up by colonial powers in the 19th Century.

Where in Africa would you invest $1 million

Expert opinion: Where in Africa would you invest $1 million?

On Wednesday, some of Africa’s most influential investors gathered in Sandton to discuss the continent’s economic future – and, of course, how to profit from it.

Bond Market

Kenya’s First International Bonds Rise on First Full Day of Trading

Kenya’s first-ever international bonds rose on their first full day of trading, propelled by almost $8 billion worth of orders which on Monday had helped make it the largest-ever debt sale by an African country.