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Africa Digital Market Outlook

Fact of the Day: Africa to pass 1 billion mobile subscriptions by end of 2016, says Ovum (Infographic)

Africa is expected to cross 1 billion mobile subscriptions in the fourth quarter of 2016, reaching 1.02 billion by year-end, according to global advisory firm Ovum.

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.

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.

iHub, Nairobi, Kenya

A few things we learned about tech hubs in Africa: GSMA (Infographic)

The last mapping exercise done by the World Bank in September 2015 listed less than 120 tech hubs in Africa. As of July 2016, GSMA’s research suggests there are 314 active tech hubs in Africa.

Africa attractiveness program 2016: EY

Africa attractiveness program 2016: EY (Infographics & Reports)

We are at an inflection point in terms of the structural evolution of most African economies. Decisions made and actions taken now will determine, which of these economies consolidate the gains made over the past decade as a platform for sustainable growth in coming decades.

Opeyemi Awoyemi, Ayodeji Adewunmi and Olalekan Olude, Founders of jobs site Jobberman. Credit: Jobberman/theguardian.com

Here are Africa's top 10 tech pioneers

Africa’s digital transformation would be nothing without the tens of thousands of people who have invested, and continue to invest, energy into propelling it forward.

Ada Osakwe, Founder & CEO, Agrolay Ventures

How I moved from the public sector to the private sector: Ada Osakwe, Founder & CEO, Agrolay Ventures

I have a first-class degree in Economics from the University of Hull, UK. I have a Master’s degree in Economics and Finance from the University of Warwick, UK, and an MBA from the Kellogg School of Management at Northwestern University, USA.

3 reasons things are looking up for African economies: McKinsey & World Economic Forum

3 reasons things are looking up for African economies: McKinsey & World Economic Forum

In 2010 the McKinsey Global Institute (MGI) described the potential and progress of African economies as “lions on the move”.

Stephen Keshi is one of two people to win the Cup of Nations as a player and manager, and the only black African ever to coach at a World Cup. Photograph: Pius Utomi Ekpei/AFP/Getty Images

Stephen Keshi: Brawler, talker and most successful black African coach of all time

The former Nigeria and Togo manager, who died on Tuesday evening aged just 54, was, at the international level, the finest African coach of his generation.

Huawei looks to Africa to cut network deals

Huawei looks to Africa to cut network deals

Chinese telecommunications giant Huawei has spread rapidly across the African continent.

Private equity firm African Capital Alliance buys 49% stake in Continental Re

Nigerian PE firm African Capital Alliance buys 49% stake in pan-African reinsurer Continental Re

African Capital Alliance (ACA) announced in early February its purchase of a 49% stake in Continental Reinsurance Plc, the largest private pan-African reinsurer outside of South Africa.

A resort in Zanzibar, Tanzania

Tourism in Africa: On the rise but has not at its full potential

For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa.

Baraza Resort and Spa Zanzibar

How Africa is getting ready to welcome more travelers (Video)

Is there room at the inn? There might not be in some parts of Africa, but that is set to change.

Here are 17 facts about Africa you might not know

Here are 17 facts about Africa you might not know

Here are some key facts and figures, courtesy of the Indo Asian News Service (IANS), about a continent that is not only one of the fastest growing regions of the world but one that is economically, culturally and linguistically diverse.

African Markets Guide 2015: Barclays

African Markets Guide 2015: Barclays (Report)

African credit markets have continued to grow at a rapid pace, while rising debt and falling commodity prices have put pressure on fundamentals. The recent high correlation of African spreads to global EM credit markets has challenged the thesis that Africa offers diversification, but the meaningful intra-regional dispersion offers opportunities, in our view.

Africa Exchange Guide 2015 - African Alliance

Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation)

Here is general information on exchanges across Africa, including: currencies, time zones, trading hours, open days, market operation, settlement, trading lot sizes, public holidays, monetary policy, taxation & indices. The guide was compiled by African Alliance.

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.

Starwood will be opening the Four Points by Sheraton Oran in November, marking the entry of the brand into Algeria

Starwood Hotels accelerates growth in Africa with seven new deals

Company to expand Africa portfolio by over 50% in the next five years entering new markets and introducing more brands.

Hurley Doddy, Co-Chief Executive Officer of ECP and outgoing Chairman of Continental Re. Credit: privcap.com

Private equity firm Emerging Capital Partners exits Continental Reinsurance Plc

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, along with its investment partners, announces the sale of C-Re Holding Limited to Saham Finances S.A, the insurance arm of Saham Group. C-Re Holding holds a 53.6% stake in Continental Reinsurance Plc, the leading private reinsurance company in Africa, excluding South Africa.

Johannesburg skyline | Source: Shutterstock

South Africa still leads the rest of Africa on foreign investment

Despite an overall deceleration in growth in recent years, South Africa leads as the top destination in Africa for inward foreign direct investment (FDI) and shows clear economic potential, according to new research from fDi Markets.

Africa Report 2015 - Real Estate Markets in a Continent of Growth and Opportunity - Knight Frank

Africa Report 2015 - Real Estate Markets in a Continent of Growth and Opportunity: Knight Frank (Infographics & Report)

The Africa Report is a unique and market-leading publication which draws on the expertise of Knight Frank’s unrivalled network of property professionals in Africa. The report presents a wealth of material highlighting the growth of Africa’s economies, cities and real estate markets.

Dakar, Senegal: The city is predicted to be one of the top 10 most visited cities in Africa in 2015

Europe, Asia? No - Airbnb's next big push is in Africa

Airbnb, the world’s leading service to rent out rooms or properties over the Internet, has announced plans to rapidly accelerate its growth in Africa, particularly in key markets such as Kenya and South Africa.

Mac Maharaj in Durban, June 2015

Full transcript: FT interview with Mac Maharaj on Mandela, Zuma and South Africa

The following is a transcript of a wide-ranging interview between Alec Russell, News Editor of the Financial Times, and Mac Maharaj, former confidant of Nelson Mandela and until recently the spin-doctor of President Jacob Zuma.

Africa Asset Management 2020 - PwC

Africa Asset Management 2020: PwC (Infographics & Report)

Africa presents an exciting opportunity: As wealth continues to increase, more domestic investors emerge, while improvements in regulatory frameworks are enticing foreign investment and distribution.

European Investment Bank headquarters, Luxembourg

European Investment Bank Plans Africa Expansion Amid Growth

The European Investment Bank plans to open offices in four more African cities as it strengthens its foothold on a continent looking for financing to build infrastructure, said a senior official with the lender.

The Abraaj Group

Abraaj sells stake in Kenyan insurance company UAP Holdings to Old Mutual

Abraaj has exited the East African insurance company UAP Holdings through the sale of its 13.6 per cent stake, the Dubai-based private equity firm said today.

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.

Traditional Nigerian dances have been joined by new music and attitudes

I've seen Nigeria's old power at work. I know change is coming: Ken Saro-Wiwa, Jr., Partner, Dragon Africa

When President Muhammadu Buhari was sworn in as Nigeria’s 15th head of state last month, it was, as the saying goes, the beginning of an end and the end of a beginning.

Donald Kaberuka, outgoing AfDB President

I will continue working for the development of Africa: Donald Kaberuka, outgoing AfDB President

The outgoing President of the African Development Bank has pledged to continue working for Africa after serving the Bank for a decade.

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.

Into Africa - The continent’s Cities of Opportunity - PwC

Into Africa: The continent’s Cities of Opportunity - PwC (Video, Presentation, and Report)

Megatrends are colliding across Africa. The growing middle class, the strong demographic growth with improving age mix, the technological innovation that we have already seen in mobile payments for example, growing choice of investment partners from the global south and fast-paced urbanization are shaping what the future of Africa could look like.

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.

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.

Marek Zmyslowski, Managing Director, Jovago

Why you should take chances: Marek Zmyslowski, Managing Director of top African hotel booking website Jovago (Video)

Marek Zmyslowski is the CEO and Managing Director of Lagos-based Jovago. Jovago is an online marketplace that connects travellers across Africa with hotels. Jovago enables customers to secure hotel rooms through an online platform that is faster, cheaper, and easier than the alternative of making a phone call.

Lawrence Nazare, Executive Director, Continental Re

Pan-African Continental Re sees huge growth as Africa's construction booms

Africa’s Continental Re plans to double premium income from its property and engineering business to $80 million over the next five years, as it bets on the continent’s infrastructure boom, its executive director said.

Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, listens during an interview in New York, on April 15, 2015. Photographer: Chris Goodney/Bloomberg

CEO of world's largest sovereign wealth fund turns to Africa to boost profits

Norway’s sovereign-wealth fund is pouring a bigger share of its cash into Africa in a bid to capture some of the fastest growth in the global economy.

FastJet

FastJet seeks South African investors to fund growth in bid to become the "first pan-African discount airline"

FastJet Plc is approaching potential South African investors about buying stakes to finance a route expansion in the east and south of the continent and support its effort to become the first pan-African discount airline.

Africa's Top Ten IPOs in 2014

Africa's Top 10 IPOs in 2014 (Infographic)

Africa’s Top 10 IPOs in 2014

IPO Watch Africa 2014 - PwC

IPO Watch Africa 2014: PwC (Infographics & Report)

IPO Watch Africa surveys all new primary market equity IPOs and FOs in which capital was raised on Africa’s principal stock markets and market segments, as well as IPO and FO activity of African companies on international exchanges, on a yearly basis.

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.

Africa is the #1 region in the world for mobile money transactions

Fact of the Day: Africa is the #1 region in the world for mobile money transactions

The number of smartphones in Africa is expected to grow by over 40 percent this year and to double to pass 350 million units by 2017, according to research from Deloitte.

Johannesburg Stock Exchange (JSE)

Taking the temperature of Africa's stock markets

Specialised benchmark index maker S&P Dow Jones Indices has sliced up African markets to see which regions and countries have delivered the strongest performance this year.