United States of America (USA) News

Kim Reid, Founder & Co-CEO, Takealot

Africa's most valuable company Naspers ups investment in South Africa's largest e-commerce company Takealot

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.

Jacob Zuma, President of South Africa

South African Stocks Poised for Long-Term Gains Despite Zuma's Maneuverings: Ryan Hoover, Portfolio Manager, Africa Capital Group

Late last month, South Africa’s increasingly unpopular president, Jacob Zuma, unceremoniously sacked his well-regarded Finance Minister, Pravin Gordhan.

Nollywood star Linda Ejiofor. Credit: Ike Ude/qz.com

Nollywood is giving the world a taste of true African glamour

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).

Lagos, Nigeria

Lagos is Africa's most valuable startup ecosystem

Lagos has the most valuable startup ecosystem in Africa, with the local entrepreneurship scene worth US$2 billion, according to a new report.

Paul Kagame, President of Rwanda. Credit: WSJ

Rwanda's President on Africa's Fate in an Age of Trump-Style Populism (Videos)

Rwanda’s economy is one of Africa’s best performers, and many say President Paul Kagame has played a big role in that.

Airbnb Aims to Double Growth in Africa This Year

Airbnb aims to double growth in Africa this year to reach 1.5 million customers

Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million,.

National Museum of African American History and Culture (NMAAHC), designed by David Adjaye. Credit: ozy.com

David Adjaye and the New African Architecture

When David Adjaye set out to document African architecture in metropolitan cities across the continent, he did so informally.

Cyril Collon, General Partner, Partech Ventures

African tech startups raise record-breaking $370M in 2016: Partech Ventures (Infographic)

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.

Carlyle Group And TPG Capital Make $100M Bid for Kenyan coffee chain Java House

Carlyle Group and TPG Capital make $100M bid for Kenyan coffee chain Java House

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.

Steinhoff-Shoprite merger talks collapse as sides fail to agree on terms

Steinhoff-Shoprite merger talks collapse as sides fail to agree on terms (Infographic)

A successful deal would have created Africa’s biggest retailer. Shares of both companies jump as news ends antitrust concerns over deal.

Isondo will produce fuel cell compontents using platinum as a catalyst

South Africa targets auto sector with fuel cell plant

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.

Nando's considering IPO

Soon You Could Buy Shares in Nando's

Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering a London Stock Exchange IPO, according to people familiar with the matter.

Moussa Faki Mahamat attends a meeting in Chad, in 2014. Credit: theguardian.com/Farouk Batiche/AFP/Getty Images

Chad's Foreign Minister Moussa Faki Mahamat elected African Union Chairman

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.

Travelers at Murtala Muhammed International Airport in Lagos, Nigeria

Trump's "Muslim ban" could hurt African visitors beyond banned countries

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.

Wole Soyinka at home in Abeokuta, Nigeria. Credit: theatlantic.com

A Nigerian Nobel Winner Exits Trump's America

“Trump’s wall is already under construction,” Wole Soyinka says. “Walls are built in the mind, and Trump has erected walls, not only across the mental landscape of America, but across the global landscape.”

Strive Masiyiwa, Founder & Chairman, Econet Wireless Group

Strive Masiyiwa builds broadcast empire to challenge MultiChoice

Econet Group is building a broadcasting empire that could challenge MultiChoice’s dominance in the payTV market across the continent.

More Nigerians are embracing electronic payments

More Nigerians are embracing electronic payments (Infographics)

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.

Africa’s rising middle class – and why it matters. Credit: newafricanmagazine.com

Africa's rising middle class - and why it matters

According to the African Development Bank (AfDB), as far back as 2011 there were already 313 million people – or 34 per cent of the continent’s total population – that could be referred to as middle class.

Olatorera Oniru, CEO, Dress Me Outlet. Credit: konnectafrica.net

From Wall Street to e-commerce in Nigeria

“To scale through the start-up phase is very difficult. It requires a lot of tenacity and, like I always say, it requires experience.” So says Nigerian Olatorera Oniru.

Kemi Adetiba

Nollywood's Must-Watch Director

It’s opening night of the Toronto International Film Festival (TIFF), and Kemi Adetiba is about to step onto the stage and into the spotlight.

Jason Njoku, Founder & CEO, iROKOtv

How iROKOtv's Founder built a Nollywood empire to rival Netflix

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.

Kenya's Little Cab app is set to take on Uber in Uganda and Nigeria

Safaricom's Little Cab, Kenya's Uber rival, is launching in Nigeria and Uganda

Little Cab, the ride-hailing app backed by telecoms operator Safaricom, is slowly giving Uber a run for its money in Kenya.

She Leads Africa runs networking events in Lagos and Abuja, as well as Accra, Nairobi and Johannesburg. Credit: FT

African start-up helps and inspires young female entrepreneurs

In Zambia, one of their blogs is the undisputed arbiter of style. In South Africa, one of their apps is the gateway to private beaches and pop-up dining.

Food for thought: Cover of ‘Longthroat Memoirs’ by Yemisi Aribisala © Cassava Republic

Publisher's expansion brings Nigerian writers to world stage

Nigerian novelist Chimamanda Ngozi Adichie warned in 2009 about the danger of hearing a “single story” about a person, country or continent.

Chauffeur driven: Uber in Lagos. Credit: FT

Uber gears up to ease stressful commutes in Nigeria

Car-hailing app Uber has frequently attracted controversy — whether over workers’ rights, management practices and its attitude to regulation.

Fashion-conscious Lagosians switch to online shopping

Fashion-conscious Lagosians switch to online shopping

Three years ago, MallforAfrica joined the raft of Nigerian tech start-ups attracting private equity and venture capital backing.

Jeff Schlapinski, Director of Research, EMPEA

Private equity investment in Africa heats up as pension funds stay local

African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.

Donald Trump, illustrated as a dictator. Credit: The Daily Show/Comedy Central

The US elections (and their aftermath): Covered as African elections are covered in the West

The US of A, a nation located in the center of the North American continent, is shaken by its latest electoral results.

Bryan Leith, COO, KPMG Africa

Africa's Economic Prospects: Bryan Leith, ‎COO, KPMG Africa

While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.

Will he cash in on Africa's real estate boom?

Will he cash in on Africa's real estate boom?

You’ve heard it before: Africa, the new investment frontier! Risky, but high reward potential, the mantra goes of emerging markets — particularly in Africa, home to 13 of the 20 fastest-growing economies in the world.

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.

Kenyan writer and former political prisoner Ngugi wa Thiong'o at Howard University in Washington in 2006. Credit: Nikki Khan/The Washington Post

The Nobel Committee got it wrong: Ngugi wa Thiong'o is the writer the world needs now

The Kenyan writer has been a favorite to win for years. This year, according to gambling site Ladbrokes, the odds were 4-to-1 in Ngugi’s favor, with Haruki Murakami second at 7-to-1, and Don DeLillo at 12-to-1.

Setting the record straight. Credit: qz.com/Reuters/James Akena

Africans on social media push a missionary group to take down offensive music video about life in Uganda

A music video released this month by Luket Ministries, an Oklahoma missionary group working in Uganda, features five white women in traditional Ugandan dresses dancing with plastic jerry cans, knocking back deworming tablets, and eating sukuma wiki, or kale, with their hands.

Yemi Alade

The boom in Africa's music industry continues

Demand for homegrown contemporary music is sweeping Africa and driving a creative boom in the continent’s thriving music industry.

Dunkin' Donuts Arrives in South Africa to Challenge Krispy Kreme

Dunkin' Donuts Arrives in South Africa to Challenge Krispy Kreme

South Africans wanting hot glazed doughnuts with a gulp of coffee can now choose between two U.S. brands — Dunkin’ Donuts and Krispy Kreme.

How Africans are using technology to solve problems

How Africans are using technology to solve problems (Infographic)

The advent of the internet and technology has changed the world. With over 70% of Africa’s population under 30, the continent has one of the youngest populations in the world.

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.

Africa vs USA - Actual Size

What's the real size of Africa? How Western states used maps to downplay size of continent (Photos)

On a typical world map, Canada is a vast nation. Home to six time zones, its endless plains spread from ocean to ocean, dominating great swathes of the northern half of the globe. But, in reality, three Canadas would comfortably fit inside Africa.

Davido: “Most music that comes out these days has our elements already in it, so why wouldn’t the people love African music?” (Tom Oxley/Washington Post)

Is this the year that African music will conquer the United States?

Whether it’s through hip-hop, R&B, Top 40 radio or Internet memes, Drake is a ubiquitous presence on our cultural landscape. Yet for all of his inescapable hits in the past few years, it was only in May that Drake finally topped the Billboard charts.

African Street Style. Credit: Twitter/‏@THECAROLDANVERS

Video: How many people use social media in Africa?

In 2014, 100 million people were using Facebook each month across Africa, over 80% via mobile. That figure has now jumped to over 120 million.

Jason Njoku, Founder & CEO, iROKOtv

iROKOtv: From 'Netflix of Nigeria' to 'Nollywood' producer

When 36-year-old Nigerian entrepreneur Jason Njoku talks about em­bracing failure, he is speaking from experience.

What Africa's banking sector needs to do to survive

What Africa's banking sector needs to do to survive: Ndubuisi Ekekwe, Founder, African Institution of Technology

Across Africa, banking is being redesigned. Technology has emerged as a competitive weapon in driving operational excellence and superior service quality.