World Economic Forum (WEF) News

Malusi Gigaba, Minister of Finance, South Africa

'No chance in hell' opposition will remove Zuma, Finance Minister says (Video)

South Africa finance minister says only ANC can decide on Zuma. Opposition parties have called for no-confidence motion.

Aliko Dangote, CEO, Dangote Group

Aliko Dangote: In for the long haul

Aliko Dangote, Africa’s richest man, is optimistic that the only place to invest in today is Africa.

Arif Naqvi, Group CEO, Abraaj Group. Credit: forbes.com

Abraaj CEO says Africa is core to investment plan

Middle Eastern private equity investor Abraaj Group says Africa is core to its investment strategy, as it bets the continent’s rising middle class will consume more goods.

Arif Naqvi, Group CEO, Abraaj Group. Credit: Bloomberg

Private equity firm Abraaj is interested in buying Barclays Africa (Infographics & Video)

Abraaj Group, the private equity firm that invests across emerging markets, is interested in buying a stake in Barclays Plc’s South African business.

Aliko Dangote, President, Dangote Group. Credit: CNBC Africa

I will build Dangote Group into a $100B business, I still have plans to buy Arsenal, says Africa's richest man Aliko Dangote (Video)

“If you are in Africa or in Nigeria for the short-term, then you shouldn’t be there,” says Aliko Dangote, the President of Dangote Group.

Here are 7 predictions for Africa's tech sector

Here are 7 predictions for Africa's tech sector

As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role.

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”.

Sev Vettivetpillai, Partner, Abraaj Group. Credit: M&A Advisor

Dubai-based private equity firm Abraaj readies Nigerian fertilizer and East African insurance deals

Abraaj Group, a Dubai-based private equity firm, is in the final stages of approval for three transactions in sub-Saharan Africa and will probably make further investments in the region before the end of the year, partner Sev Vettivetpillai said on Thursday.

Abidjan, Ivory Coast. Credit: panoramio.com

Here are Africa’s top 10 fastest growing economies (Infographics)

The Ivory Coast is Africa’s fastest growing economy, according to the IMF’s latest World Economic Outlook. The West African nation’s GDP is expected to grow by 8.5% this year.

Rwanda: A new model for growth

Rwanda - A new model for growth (Infographic & Report): This Is Africa & the Financial Times

Rwanda’s transformation from the peak of its political crisis culminating in the 1994 conflict until now is remarkable. Though the country is frequently held up as a model for rapid development by politicians and development policymakers, its trajectory and political culture are unique.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange CEO Oscar Onyema appointed to second five-year term

The Nigerian Stock Exchange (NSE) has approved the appointment of Oscar Onyema to a second five-year term as Chief Executive Officer of the Exchange effective immediately.

The Africa Competitiveness Report 2015 - WEF, AfDB, OECD & World Bank

The Africa Competitiveness Report 2015: WEF, AfDB, OECD & World Bank (Infographics & Report)

The Africa Competitiveness Report 2015 comes out at an auspicious moment for the continent. Africa’s solid average growth rate of more than 5 percent over the past 15 years bears witness to the region’s impressive economic potential.

Corporate Entry into Africa - A New Chapter - Jones Lang LaSalle

Corporate Entry into Africa - A New Chapter: Jones Lang LaSalle (Report)

Africa has seen a surge of corporate interest and investment in recent years. Total FDI inflows into the region more than doubled since 2003 as international companies have sought to benefit from the sustained economic growth, rapid pace of urbanisation, emerging middle class and the myriad of other growth opportunities the African continent presents for international business.

Nigerian billionaire business man Aliko Dangote. Credit: Benedicte Kurzen/NOOR/theafricareport.com

Billionaire Aliko Dangote's smooth landing

With a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

Nigeria’s new president Muhammadu Buhari

A new Nigerian government increases opportunities for the private sector

The swearing in of Nigeria’s new president Muhammadu Buhari last week has led to renewed optimism regarding economic progress in the country and new opportunities for the private sector, particularly in infrastructure development, consumer and financial services sectors.

Nigerian billionaire Aliko Dangote, Africa's richest man

Fast-growing ranks of African billionaires need bankers, says UBS' Head of Africa Wealth Management Martin Emodi

UBS Group AG, the Swiss company that says it banks more billionaires than any other, said wealthy Africans are rapidly adding to the ranks of the rich on the continent needing specialised financial services.

Miguel Azevedo, Head of Investment Banking, Citigroup Africa

Citigroup sees consumer companies as Africa's hottest M&A space, says Africa Head of Investment Banking Miguel Azevedo

Citigroup Inc. said consumer-focused companies are the most active industry for mergers and acquisitions in Africa as trade increases and the continent’s middle class grows.

Lars Reno Jakobsen, Senior Vice President, Maersk Africa

Maersk to target Nigeria & Kenya ports in Africa expansion push: Lars Reno Jakobsen, Senior Vice President, Maersk Africa

A.P. Moeller-Maersk A/S, owner of the world’s largest shipping container line, is seeking to win contracts to build and upgrade ports in Nigeria and Kenya as the Danish company expands its African operations.

Bisi Lamikanra, Partner & Head of Management Consulting, KPMG Nigeria

How the finance sector can drive Africa's economic growth: Bisi Lamikanra, Partner, KPMG Nigeria

The rise of Africa’s financial services sector in recent years has been remarkable.

A construction worker walks on a scaffolding on a tunnel along the Nairobi-Thika highway project, under construction near Kenya’s capital Nairobi, September 23, 2011. REUTERS/Thomas Mukoya

Time to rethink our view of Africa's economy: Steven Schultz, Head of International Fund Solutions, MMI

Seven years have passed since the implosion of the global financial system and the largest bankruptcy filing in history – Lehman Brothers.

Johannesburg Stock Exchange (JSE)

5 things to know about building business in Africa: Anthony Lewis, Director, Capital Markets, JLL Sub-Saharan Africa

Corporate and investor interest in Africa commands the attention of the highest echelons of global business. The theme of the 2015 World Economic Forum on Africa, “Then and Now: Reimagining Africa’s Future”, has my fellow delegates and me reflecting upon our continent’s remarkable turnaround.

Patrice Motsepe, Founder & Executive Chairman, African Rainbow Minerals

3 essential lessons from Africa's past: Patrice Motsepe, Founder & Executive Chairman, African Rainbow Minerals

Africa has garnered heightened attention in recent years, framed by impressive economic growth and increasing prosperity.

Sun City, South Africa

The top 10 most tourism-ready countries in Sub-Saharan Africa (Infographic)

Check out an infographic of the top 10 most tourism-ready countries in Sub-Saharan Africa.

Equity Bank

Equity Bank's Equitel mobile money service targets 100 million African customers in 10 years

Equity Bank Ltd., which has started a new mobile payment and banking service called Equitel, is seeking 100 million customers in Africa within 10 years and the first five million by the end of 2015.

Frank O’Neill, CEO, Swiss Re Middle East and Africa

World's second largest reinsurer Swiss Re in talks for Nigeria acquisition to tap African growth

Swiss Re AG, which has had an African presence for more than 60 years, said it’s in talks with Nigerian insurers to buy minority stakes and benefit from growth in the continent’s largest economy.

Africa's neither 'rising' nor 'falling' but it is growing-fast

Africa's neither 'rising' nor 'falling' but it is growing. Fast

Africa is vast. It is varied. When it comes to the region’s development, a host of differing narratives shape the story around its economic progress. With a long-standing presence in the region, GE has worked with, and helped to nurture its tremendous potential.

9 mega-trends shaping the future of Africa: Seyi Bickersteth, Chairman, KPMG Africa

9 mega-trends shaping the future of Africa: Seyi Bickersteth, Chairman, KPMG Africa

In August 1963 Martin Luther King Jr delivered his famous “I Have a Dream” speech during the March on Washington. And when King said, “I have a dream that one day this nation will rise up and live out the true meaning of its creed: We hold these truths to be self-evident; that all men are created equal”, it was a turning point in American history.

Elsie Kanza, Senior Director & Head of Africa, World Economic Forum

Looking back to move forward: Elsie Kanza, Senior Director & Head of Africa, World Economic Forum

In 1992, one year after the end of the apartheid era in South Africa, the two leaders that would broker the country’s future trajectory appeared together at a forum in Switzerland.

IBM Research Africa

IBM launches research lab in Johannesburg. 2nd research lab in Africa after Nairobi

IBM today announced plans to expand IBM Research – Africa with a new laboratory in Johannesburg beginning April 2015.

Chude Jideonwo, CEO, Co-Founder, and Managing Partner of Red Media Africa

Occupying the office of the citizen: Chude Jideonwo at TEDxEuston (Video)

Chude Jideonwo is CEO, Co-Founder, and Managing Partner of Red Media Africa, which owns Africa’s largest portfolio of youth media brands, such as The Future Africa Awards & Summit, Y! Africa, and YNaija.com.

Private family capital fund One Thousand & One Voices announces investment in South African agribusiness company RedSun

Private family capital fund One Thousand & One Voices announces investment in South African agribusiness company RedSun

One Thousand & One Voices™ (1K1V), a private family capital fund focused on Sub-Saharan Africa, today announced an investment by its One Thousand & One Voices Africa Fund I, L.P. in the South African agribusiness sector.

Bob Diamond, former CEO of Barclays and current CEO of Atlas Merchant Capital

Why Barclays former CEO Bob Diamond is doubling down on Africa with his new investment outfit Atlas Merchant Capital

Standing outside the Belvedere Hotel, one of the busiest meeting places here in Davos on a bitter cold Swiss morning, are dozens of the most powerful business leaders waiting to get through security to attend a breakfast event at the 45th annual World Economic Forum.

Tony Elumelu, Chairman of Heirs Holdings

Africapitalism - A new framework for a new age: Tony Elumelu, Chairman, Heirs Holdings

This week, world leaders from the public and private sectors, civil society and academia are gathered at Davos to discuss a “new global context” – the theme of the World Economic Forum’s 2015 annual meeting.

At the World Economic Forum in Davos, Ajay Banga, MasterCard’s president and CEO (left), and Donald Kaberuka, the African Development Bank’s president (right), have announced a significant partnership to boost financial inclusion in Africa. Photo by swiss-image.ch/Michael Buholzer

African Development Bank and MasterCard partner to broaden financial inclusion in Africa

Today, the African Development Bank (AfDB) and MasterCard announced a broad collaboration that aims to expand financial inclusion across the African continent.

Bob Diamond, Co-Founder, Atlas Mara & Former CEO, Barclays

Former Barclays CEO Bob Diamond could gain millions from new African investment venture

Bob Diamond, ousted as boss of Barclays last year after the Libor-rigging scandal, potentially stands to reap millions of pounds from a new stock market venture set up to acquire financial services companies in Africa.

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

African Women To Watch: Capital Markets (Video)

Stock markets across Africa have made steady progress across the last decade. Since 2002, Africa’s five leading exchanges have tripled the combined market capitalization of listed companies.

The Johannesburg Stock Exchange (JSE)

Africa: Now a major player in emerging markets financial services

The Africa Finance & Investment Forum 2014 represented something of a landmark for the oldest continent and its plans for the future. Held in Cologne, it was the first such conference to be held in Germany, Europe’s economic motor and a strategic partner in several African ventures.

Africa Business Jumpstart

Four reasons why operating in Nigeria can boost your success rate in Africa: Harnet Bokrezion, Founder & CEO, Africa Business Jumpstart

Nigeria. What is coming to your mind thinking of Africa’s most populated country?

Goodluck Jonathan

President Goodluck Ebele Jonathan ("GEJ") of Nigeria is clueless, incompetent, and callous: 35 reasons why this is a big lie

The Economist magazine recently published an article on Nigeria in which it described the government of President Goodluck Ebele Jonathan (“GEJ”) as “A clueless government”.