Toronto News

Bob Diamond, Chairman of Atlas Mara and former CEO of Barclays

Bob Diamond sells $200M Atlas Mara stake to boost holding in Union Bank of Nigeria

Atlas Mara raising $200 million to increase Union Bank stake. Fairfax Africa partners with firm by purchasing shares and bond.

Shoprite

Africa growth to rebound in 2017: Africa Capital Group (Infographic)

After the U.S. election in November, many Africa investors became concerned that a move toward a more isolationist trade policy in the U.S. would hinder business, trade and capital flows to and from Africa.

Eric Kump, Co-Head, Carlyle Sub-Saharan Africa. Credit: innovation-group.com

Private equity powerhouse Carlyle to acquire GCR, Africa's largest credit rating agency

Global alternative asset manager The Carlyle Group announced on Monday that it has agreed to acquire a significant stake in Africa’s largest credit rating agency GCR from the management founders, and German development financial institution DEG.

Green White Green (Movie)

Nollywood: Nigeria stands out at the Toronto International Film Festival

Nigerian filmmakers, producers and actors are hoping a spotlight on Lagos at this year’s Toronto International Film Festival (TIFF) will open Nollywood up to the world.

The Wedding Party (Movie)

Check out the 8 Nollywood movies taking this year's Toronto International Film Festival by storm (Photos & Videos)

“Lagos is entirely unique,” said Cameron Bailey the programme curator in a statement. “The city of Fela Kuti’s music has also given birth to one of the world’s most vibrant film industries.

Abidjan, Ivory Coast

Concrete strides: Sub-Saharan Africa's infrastructure potential

For this West African city of more than 4.7 million people, the bridge to a better economy starts with an actual bridge.

Johannesburg Stock Exchange (JSE)

Johannesburg Stock Exchange in Africa gateway play

The Johannesburg Stock Exchange has launched an initiative to attract companies listed in London, New York, Toronto and Sydney to dual list in South Africa as it seeks to reinforce its position as the continent’s top exchange.

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

Nigeria's four newest billionaires: Tony Elumelu, Cletus Ibeto, Benedict Peters, & Akanimo Udofia

Nigeria has four new billionaires, according to wealth research done by Ventures Africa.

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.

BlackBerry Passport

Given BlackBerry's strong popularity in Nigeria and South Africa, will the newly-launched BlackBerry Passport be a hit on the continent?

BlackBerry released its new Passport phone today, a keyboard smartphone with a 4.5-inch​ screen aimed at corporate users.

Wale Tinubu, CEO, Oando

Oando moves to Nigeria's top league with $1.5B ConocoPhillips deal

Nigerian oil company Oando completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.

Oil and Gas

Oando completes $1.65B acquisition of ConocoPhillips' Nigerian assets

Nigerian oil company Oando (OANDO.LG) completed a $1.5 billion deal to buy ConocoPhillips’s assets in Nigeria on Wednesday, catapulting it to be one of the top players in the West African country’s emerging indigenous oil and gas exploration industry.

Scene from the "Half of a Yellow Sun" movie

Nigerian films try to move upmarket: Nollywood's new scoreboard

NIGERIAN cinephiles rejoiced this month as news emerged that “Half of a Yellow Sun” (pictured above), arguably the most ambitious film project in the nation’s history, had received a release date in its own country.