Washington – District of Columbia (DC) News

Edwin Dande, Managing Partner & CEO, Cytonn Investments

Meet the Kenyan entrepreneur who built an $800 million asset management firm

Kenyan-born Edwin Dande is the Founder of Cytonn Investments, an alternative investment management and real estate company, with offices in Nairobi and the DC Metro area.

A family enjoying an injera meal at a restaurant in Addis Ababa. Photograph: Boaz Rottem/Alamy/The Guardian

From chefs to musicians, talented 're-pats' come back to build a modern Ethiopia

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.

Igho Sanomi, Founder & Chairman, Taleveras Group

How 42-year old Nigerian oilman Igho Sanomi built a commodities trading giant

Igho Sanomi, 41, is the founder of Taleveras, a $2 billion (revenues) international commodities trading company active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas and power.

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.

Africa's best-performing hedge fund launches food-focused private equity fund

Africa's best-performing hedge fund launches food-focused private equity fund

Polar Star targets agriculture as food demand outstrips supply. Commodity hedge fund beats peers over five-year period.

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.

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.

Africa - The great opportunity

Africa: The great opportunity

Africa is rapidly becoming the global economic growth engine. Half of the world’s 25 fastest-growing nations are in Africa and almost 40 per cent of the continent will achieve GDP growth of more than 5 per cent in 2016.

South African Airways now flies to Abuja

South African Airways launches flights to Abuja, Nigeria

South African Airways (SAA) has introduced a second entry point to Nigeria in its quest to enable trade and unlock mobility, which will considerably add to business travel options in the West African region.

Government funding is just one avenue for African tech. Credit: Brent Lewin/Bloomberg; Eduard Gismatullin/Bloomberg. institutionalinvestor.com

Government funding is just one avenue for African tech

Hoping to reap the economic benefits of a digital revolution, several African countries are seeking to build their own versions of Silicon Valley.

The BRICS leaders: President Vladimir Putin (L), Prime Minister Narendra Modi (2L), President Dilma Rousseff, President Xi Jinping (2R), and President Jacob Zuma (R)

South Africa in the BRICS - A brave new world

Will the BRICS group and its New Development Bank (NDB), founded in 2014, challenge the West-led international order enforced by the financial institutions of the World Bank and the IMF?

Vincent Le Guennou, Co-CEO, Emerging Capital Partners

Private equity firm Emerging Capital Partners looking to raise additional $750M for Africa deals

Emerging Capital Partners, the buyout firm that’s made more than 50 investments in Africa, is seeking as much as $750 million as it pursues further deals.

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.

Victoria Island, Lagos, Nigeria

Develop a strategy for Africa now before it's too late, say Africa investment specialists Melissa Cook, CFA & Walé Adeosun, CFA

An advisory council appointed by US Secretary of Commerce Penny Pritzker to expand business opportunities in Africa is now in full swing.

Nairobi, Kenya

Kenya set for faster growth at 6% (up from 4.7%). Could reach 7% by 2017: World Bank

Low oil prices and loose monetary policy in the U.S. have bolstered Kenya’s economy, leading the World Bank to revise its growth forecast for East Africa’s largest economy to 6% this year, sharply up from its previous projection of 4.7%.

Runa Alam, CEO, Development Partners International (DPI)

Africa's opportunities far outweigh its risks: Runa Alam, Co-Founder & CEO, Development Partners International (DPI)

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African private equity firm, in 2007.

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.

Fernando de Sousa, General Manager Africa Initiatives at Microsoft and HumanIPO's Paul Adepojuat DEMO 2014

Microsoft and 88mph announce partnership to support startups in Nigeria

Technology company Microsoft today announced a partnership with seed fund and accelerator 88mph to expand Microsoft Ventures program into Nigeria.

Entrepreneurs Go Online to Boost Business in Africa

Entrepreneurs go online to boost business in Africa

When Chioma Achebe wanted to buy shares on the Nigerian Stock Exchange, she didn’t want to open an account with a local broker because the process could take days.

Tony Elumelu at the US-Africa Business Forum in Washington in August 2014

Billionaire Tony Elumelu launches $100M program to boost African business

One of Africa’s richest businessmen, Tony Elumelu, has launched a $100 million program to support and promote entrepreneurship across the continent.

David Rubenstein, Co-Founder & Co-CEO of the Carlyle Group

Carlyle Group buys 18 percent stake in Diamond Bank for Nigerian expansion

Carlyle (CG) Group LP invested $147 million in Lagos-based Diamond Bank Plc (DIAMONDB) as it seeks to expand in Africa’s largest economy.

Central Bank of Nigeria

Goodluck Jonathan nominates Joseph Nnanna for Deputy Governor of the Central Bank of Nigeria following Kingsley Moghalu's exit

Following the exit of Dr. Kingsley Moghalu as a Deputy Governor of the Central Bank of Nigeria (CBN) at the end of his five-year term, Nigeria’s president, Goodluck Jonathan, has nominated Dr. Joseph Nnanna for the job.

Victoria Island, Lagos, Nigeria

The changing face of Lagos: Anna Rosenberg, Head, Sub-Saharan Africa Research, Frontier Strategy Group

My recent visit to Lagos has changed my perception of Nigeria’s commercial capital.

Behind the scenes of the royal court of Benin

Behind the scenes of the royal court of the former Benin Empire

The secret ceremonies and intimate details of an ancient African empire are revealed in an exhibition of rare photographs in Washington.

A mixed use high density development stands as part of the Wescape real estate project in Cape Town, South Africa, in this undated handout illustration.

Building a Boston in Cape Town: $13B dream rises from ashes of apartheid

David Pearson has a vision: a new community of 800,000 — bigger than Boston — complete with factories, schools, clinics and a university that will help erase the legacy of apartheid in Cape Town.

Seven Energy

IFC invests $50M in Nigeria's Seven Energy debt issuance

The International Finance Corp. bought almost 13 percent of the debt sold by Seven Energy International Ltd., a Nigerian oil and gas company, with some proceeds earmarked for a pipeline in Africa’s biggest economy.

China still trumps the competition in Africa Inc

China still trumps the competition in Africa Inc.

US President Barack Obama earlier this year hosted the first ever US-Africa summit.

Tomi Hodonu, General Manager, Cheki Nigeria

We plan on listing 25,000 cars by the end of the year: Tomi Hodonu, General Manager, Cheki Nigeria & Ghana (Video)

Tomi Hodonu, General Manager of cheki.com.ng, gives us a behind the scenes look at this fast growing online market place that brings car buyers directly to sellers at just the click of a button.

Tewolde GebreMariam, CEO, Ethiopian Airlines

Ethiopian Airlines places $2.1B order for Boeing 737s

Ethiopian Airlines Enterprise, Africa’s largest carrier by revenue, agreed to buy 20 redesigned 737 models valued at $2.1 billion in the largest single order for Boeing (BA) Co. planes from the continent.

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.

Aliko Dangote, Chairman, Dangote Group

In Africa's oil capital, Africa's richest man built an empire on sugar

As Africa’s global business prominence continues to surge, so too does Aliko Dangote’s profile as one of the region’s most recognised entrepreneurs.

Penny Pritzker, US Commerce Secretary, at the US-Africa Business Forum

Africa Summit Set the Stage for US Business. Now What?

As the dust settles after the U.S.-Africa Leaders’ Summit that took place in early August in Washington, a clearer picture is emerging of what it achieved.

Mo Ibrahim, Billionaire Founder of Celtel and the Mo Ibrahim Foundation

People need to see Africa as it is: Mo Ibrahim, Billionaire Founder of Celtel and the Mo Ibrahim Foundation

I have always been optimistic about Africa, and Africa is where I make my money, without paying bribes…

Jeff Immelt, Chairman & CEO, General Electric

General Electric to invest $2B in Africa

Africa is expected to receive $2 billion worth of investments from multinational conglomerate GE (General Electric).

Aliko Dangote

Aliko Dangote, Africa's richest man, partners with Blackstone and Carlyle for Africa investments

Blackstone Group LP (BX) and Carlyle Group LP (CG), the world’s two biggest private-equity firms, sought a partner in Africa to invest in the continent’s burdened energy infrastructure.

Africa's GDP

Lions go global: Deepening Africa's ties to the United States

The White House has invited some 50 African heads of state to Washington, DC, this week, presenting a historic opportunity to deepen US ties to the continent.

Penny Pritzker, US Secretary of Commerce

Obama's Africa Summit, the largest event ever held by a US President with African heads of state: Q&A with Pritzker and Bloomberg

In the first week of August, U.S. President Barack Obama will convene the inaugural U.S.-Africa Leaders Summit in Washington D.C., an unprecedented gathering of African business and political leaders and heads of state.

Victoria Island, Lagos, Nigeria

Lagos, Nigeria: Africa's Big Apple

With tech hubs, a newly wealthy class, and an exploding population, Lagos is forging a model for Africa’s urban future. Saturday night in Africa’s biggest city, Lagos, and five of us are lip-reading across the table above the thumping music at Rhapsody’s, a restaurant-club on upscale Victoria Island.

Wole Soyinka

Walking With Wole Soyinka

Several times, I have met Professor Wole Soyinka without actually meeting him.

Olusegun Aganga, Nigeria’s Minister of Industry, Trade, and Investment

Nigeria's improving investment climate: Segun Aganga, Nigeria's Minister of Industry, Trade, and Investment (Video)

Nigeria continues to have the potential to be a major player in the world economy.

Papa Madiaw Ndiaye, Founding Partner & CEO, AFIG Funds

How perceptions of Africa's risk have evolved: Papa Madiaw Ndiaye, CEO, AFIG Funds (Video)

Papa Madiaw Ndiaye is CEO of AFIG Funds, a Mauritius private equity fund management company with offices in Dakar (Senegal), Johannesburg (South Africa), and Washington, DC (USA).

Femi Oyetunji, CEO and Group Managing Director, Continental Reinsurance

Private Equity House Emerging Capital Partners (ECP) May Sell Stake in Nigeria's Continental Reinsurance

Emerging Capital Partners, a private-equity firm that has raised more than $2 billion for investments in Africa, is considering selling its majority stake in Nigeria’s Continental Reinsurance Plc.