With Ethiopia having the second biggest population in Africa, it is under growing pressure to tackle unemployment.
Dangote, who was worth $12.3 billion as of mid-August, according to the Bloomberg Billionaires Index, is modest in his personal life but bold in business.
Chairman Koos Bekker countered criticism Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd. by reminding investors that they would have been a lot poorer if he’d given in to similar pressure to sell the holding years ago.
Americans can now buy African goods on eBay through the company’s partnership with MallforAfrica.com.
Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals.
“Kah-ri-ye!!” That is my earliest memory of hearing my English name spoken and it dates to the early 90s on the field at my primary school in Nairobi.
While many fear investing in Africa, one woman has not been afraid of doing so. Funke Opeke is the Founder and CEO of one of the continent’s largest ICT companies, MainOne.
Nigeria’s diaspora population sent home $21 billion in remittances in 2015 and the government wants in on some of that cash.
London and Nairobi-based venture firm TLcom Capital has raised $40 million for its new Africa fund. The target is $100 million. TIDE Africa Fund will focus on tech startups in Sub-Saharan Africa.
Naspers Ltd. will approach investors in the U.S. and the U.K. this about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its internet businesses.
Kenya has the world’s 14th-fastest mobile internet speed, according to a report from the content delivery network Akamai.
The Peter Drucker management aphorism, “You can’t manage what you can’t measure,” is a favorite of Yannick Lefang, the founder of Kasi Insight, an integrated marketing research firm operating in seven African countries.
His dream is to show the world the glories of Ethiopian cuisine, to preserve its rich traditions and to make his fellow citizens eat better.
It was only a year ago that Uber declared that its Lagos market was potentially bigger than its London market.
Tedros Adhanom Ghebreyesus of Ethiopia was voted director general of the World Health Organization on Tuesday, the first African ever to head the agency.
For eons, piracy in African book publishing has been something that booksellers lived with and factored in as part of the climate of doing business.
One of South Africa’s richest business leaders talks about his commercial successes and failures, the debates about race and economics in South Africa and his criticism of the government.
Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, has appointed Carole Wamuyu Wainaina as Chief Operating Officer.
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.
Naspers, Africa’s biggest ecommerce and digital company, has just invested R960 million (about $69.4 million) in Takealot Online, South Africa’s largest ecommerce company.
Late last month, South Africa’s increasingly unpopular president, Jacob Zuma, unceremoniously sacked his well-regarded Finance Minister, Pravin Gordhan.
Last month the romantic comedy The Wedding Party became the first movie from Nigeria’s growing film industry to break 400 million naira ($1.3 million).
Rwanda’s economy is one of Africa’s best performers, and many say President Paul Kagame has played a big role in that.
Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million,.
At Partech Ventures, we have been tracking for the past 3 years the dynamics of African tech investment, to better understand the investment landscape on the continent.
Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House is a deal that could be worth as much as $100 million.
A successful deal would have created Africa’s biggest retailer. Shares of both companies jump as news ends antitrust concerns over deal.
Africa’s first fuel cell component plant using platinum as a catalyst will start production by December aiming to take advantage of rising demand for clean energy cars.
Chad’s foreign minister has been elected as the new chair of the African Union Commission, pledging to place development and security at the top of his agenda and streamline the organization’s bureaucracy.
Over the past 48 hours, much of the coverage of President Trump’s executive order has focused on entry bans to citizens of seven Muslim-majority countries and rightly so.
Econet Group is building a broadcasting empire that could challenge MultiChoice’s dominance in the payTV market across the continent.
Five years after Nigeria’s Central Bank (CBN) launched its Cash-less Nigeria project to reduce the amount of physical cash circulating in the economy, it is finally catching on.
Seven years ago, when Jason Njoku moved back in with his mother into their public housing apartment in Deptford, southeast London, he felt like a failure.
Little Cab, the ride-hailing app backed by telecoms operator Safaricom, is slowly giving Uber a run for its money in Kenya.