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EFG Hermes eyes acquisition in Nigeria, Kenya brokerage licence

EFG Hermes eyes acquisition in Nigeria, Kenya brokerage license

Egypt’s EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters last week.

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.

Timi Soleye, President, CRYO Gas & Power

Nigeria cannot afford to wait for its electricity grid: Timi Soleye, President, CRYO Gas & Power

FirstPower has a most perplexing problem for a Nigerian business: too much electricity.

Orange to sell 70% stake in Telkom Kenya to Helios

Orange to sell 70% stake in Telkom Kenya to Helios

Orange confirmed an agreement to sell its 70 per cent stake in Telkom Kenya to Helios Investment Partners for an undisclosed sum.

A man walks past the Orange shop on Koinange Street in Nairobi. Credit: businessdailyafrica.com

Private equity firm Helios launches bid for France Telecom stake in Telkom Kenya (Orange Kenya)

Helios Investment Partners is the latest suitor said to be gunning for some or all of the 70 per cent stake in Telkom Kenya owned by France Telecom.

Facebook

Facebook launches "Facebook Lite" in 8 emerging markets, including Nigeria, South Africa, Sudan & Zimbabwe

Facebook has launched a new simplified version of its mobile app called Facebook Lite, and it’s targeted toward Android users in developing countries.

Vans at Idumota Market in Lagos Island, Nigeria

Fact of the Day: Nigeria is the world's most-watched frontier market

Nigeria has consolidated its position as the most-watched frontier market in the latest WSJ Frontiers/FSG Frontier Market Sentiment Index as an increasing proportion of multinationals put the country on their watch list for potential future investment.

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.

Emirates

Emirates plans to expand in Africa with at least 10 new routes by 2025

Emirates, the largest international airline, is planning to expand in Africa with at least 10 new routes by 2025 and a jet fleet worth $10 billion to $12 billion, according to President Tim Clark.

BlackBerry Z3

Robust BlackBerry Z3 sales in emerging markets, including Nigeria and South Africa, may bring early return to profitability

Late last month, International Data Corporation (IDC) forecast that the growth of smartphone sales in mature markets in 2014 would slow to a low single digit of 4.9% with emerging markets continuing to soar at 32.4%. The exponential growth rate in emerging markets is now 6.5 times of that in developed countries.

Retail therapy: Consumers’ optimism can drive consumption, which drives growth.

Buoyant Frontier Economies Shrug Off Gloomy Global Mood

Slowing global growth in the first quarter of 2014 took a toll on people’s attitudes to their economies, a new study has shown.

Richard Leggett, CEO, Frontier Strategy Group

Nine of the top twenty most interesting frontier markets are from Africa: Richard Leggett, CEO, Frontier Strategy Group (Video)

Nine of the top twenty most interesting frontier markets are from Africa: Richard Leggett, CEO, Frontier Strategy Group

Nigerian Naira (1000 Naira)

Nigeria, Argentina, and Vietnam Prove Top Picks for Multinationals - Frontier Strategy Group

Fresh from its coronation as the biggest economy in Africa, Nigeria has scored another first.

African Stock Markets

For rapid growth, Africa is the new China - Gavin Graham, Chief Strategy Officer, Integris Pension Management

Many strategists suggest investors forget about emerging markets for now and instead put money in developed economies like the United States and Europe.

Nigeria has attracted much attention from American and European multinationals, according to a new survey. Here is the Victoria Island waterfront in Lagos from June 3, 2014. Joe Penney, Reuters

Sub-Saharan Africa Is the New Investment Frontier

Nigeria leads frontier markets in attracting attention from American and European companies, according to the latest Frontier Markets Sentiment Index.

China investing in Ethiopian Manufacturing

Why ‘Made in Ethiopia’ Could Be The ‘Next Made in China’

China’s was once known as cheapest factory floor on the planet, but in the last two decades its economy has transitioned to become one of the world’s most advanced industrial powers.