Spain News

Albert Alsina, Mediterrania's CEO and Managing Partner. Credit: peafricaevents.com

PE house Mediterrania reveals €250m target for third Africa fund

Spain-based buyout house Mediterrania Capital Partners plans to raise up to €250m capital for its third Africa vehicle.

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.

Rob Shuter, incoming CEO, MTN Group

South Africa's MTN names Vodafone Europe Head Rob Shuter as CEO

South African mobile phone operator MTN Group named the head of Vodafone Europe as its new CEO on Monday, bringing in an outsider with a risk-management background 10 days after it agreed to pay a $1.7 billion fine in Nigeria.

A scene from the movie “Fifty” created by Mo Abudu's EbonyLife TV

Nigerian Media Mogul Mo Abudu Making Most of EbonyLife TV Success

On a recent trip to Spain, Nigerian media mogul Mo Abudu seemed to be losing sight of what was meant to be a short retreat.

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.

Afrimax raises $120M for Africa high-speed broadband network

Afrimax raises $120M for Africa high-speed broadband network

Mobile internet firm Afrimax Group has raised $120 million to fund the expansion of a high-speed broadband network in Africa, it said on Tuesday, the latest firm to jockey for position in the continent’s fast-growing consumer internet market.

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.

Nigeria star Asisat Oshoala awarded BBC’s 2015 Women's Footballer of the Year.

Nigeria star Asisat Oshoala awarded BBC's 2015 Women's Footballer of the Year

Nigeria and Liverpool Ladies striker Asisat Oshoala has won the BBC Women’s Footballer of the Year award after a vote by fans around the world, the broadcaster announced on Tuesday.

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.

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.

Solar Power Plant

Abengoa closes $660M in financing for South Africa solar power plant

Abengoa SA, an energy and environment company based in Spain, closed $660 million in project financing for a solar power plant in South Africa.

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.

Jerome Valcke, Secretary General, FIFA

2023 Africa Cup of Nations dates to change

The 2023 Africa Cup of Nations will move from January to June because of plans to switch the 2022 World Cup dates, FIFA secretary general Jerome Valcke said Wednesday.

Business men in a cigar club in Lagos, Nigeria

Africa's First City: Lagos, Nigeria

When he was 15 years old, David Adeoti worked in an Internet café in blue-collar Satellite Town, where it was almost possible to see the gleaming towers of Lagos Island less than ten miles to the east.

Uber, Cape Town, South Africa

Uber vehicles impounded in Cape Town, South Africa

Police in Cape Town, South Africa, impounded 33 Uber vehicles over the weekend in a dispute over what type of permits drivers should hold, an Uber executive said.

Workers assemble shirts in a garment factory in Hong Kong, China.

Asia garment industry faces Africa as emerging competitor

It was a turbulent year 2014 for Asia’s textile industry: Soaring labour wages in China, violent workers’ protests in Cambodia and collapsing factories in Bangladesh were just some of the bad news that made it into headlines.

Table decoration at a Nigerian wedding (Photo Credits: Privé Luxury)

How Nigeria's Rich Spend Over $2 Million On Their Dream Wedding

Illusionists flown in from Spain, flowers imported from France, or an R&B superstar flown in from the United States.

The Victoria & Alfred (V&A) Waterfront in Cape Town, South Africa

Cape Town, South Africa ranked #1 for best hotels globally

As the new year approaches, many travelers are looking for inspiration on where to head in 2015. This list might help.

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.

The Global African Investment Summit (TGAIS) 2014

Global African Investment Summit ends with record number of 36 bankable projects worth $246B presented to international investors

The Global African Investment Summit (TGAIS) closed yesterday after two days of high level panels and roundtables to explore investment opportunities in Africa.

Shoe manufacturing in Ethiopia

Made in Africa: Ethiopia positions itself as manufacturing alternative to China

Ethiopia is bidding to become Africa’s lead manufacturing hub, repositioning itself as an outsourcing alternative to countries such as China, where rising labour costs are driving margin conscious multinationals to look elsewhere.

octors Without Borders staff carrying the body of a person killed by Ebola in Gueckedou, Guinea on April 1, 2014

Why I am afraid of the "African disease called Ebola"

Wherever I turn, there is Ebola. In the newspapers and magazines, on television and radio, and across the ubiquitous social media. Ebola. I sweat, shake, and cringe in mortal fear. Such an ugly word, fearsome in its primal sound, so African, so dark, so black.

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).

Cape Town, South Africa

Top property markets in Africa

Which African countries have the best opportunity for property investors?

Kunmi Otitoju, Founder, Minku

Meet The Nigerian Fashion Designer Building Africa's Hermès: Kunmi Otitoju, Founder, Minku

Kunmi Otitoju, a 30-year-old Nigerian fashion designer and entrepreneur, holds two Computer Science degrees – a Bachelor of Science degree with first-class honors from Howard University and a Master of Science degree from Virginia Tech.