Zambia News

Two Rivers Development, Nairobi, Kenya

Listed Real Estate in Eastern Africa and Beyond: What Next?

East African property markets have demonstrated desirable levels of resilience over the past few years.

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.

Aliko Dangote, Founder & CEO, Dangote Group

How the Dangote Group will become a $100B business

With a track record exhibiting profound resilience and foresight, it comes as no surprise that Dangote Group and its Founder and CEO, Aliko Dangote, are ardent on building the multinational conglomerate into a $100 billion market capitalization business.

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.

Here are 7 predictions for the African tech startup space in 2017

Here are 7 predictions for the African tech startup space in 2017

It has long been known that e-health has tremendous potential to make the delivery of healthcare in Africa more efficient. It is now becoming clear that this will be in the diagnostics space.

iHub

Africa's tech hubs

Innovation hubs have become a mainstay of Africa’s emerging technology ecosystem.

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Co. will pay $3.15 billion to buy Anheuser-Busch InBev NV out of an African bottling joint venture after the Budweiser brewer’s takeover of the U.S. beverage company’s partner in the region.

Port of Mombasa, Kenya

Why Invest in Africa? The Big Picture

While the last couple of years have been tough for African equities and currencies, we believe the long-term case for investing in Africa remains intact.

Nic Rudnick, CEO, Liquid Telecom

Liquid Telecom buys Neotel for $466M to form Africa's largest fiber network

Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.

Spotlight on Southern Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on Southern Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 277 reported private equity deals in Southern Africa totaling $3.5 billion.

Felichesmi Mramba, Managing Director, Tanzania Electric Supply Company (TANESCO)

Tanzania plans Ethiopia energy imports as 12-nation regional power pool emerges

Tanzania expects to begin importing electricity from Ethiopia in 2019 when the eastern African nations complete interconnection grids currently to form a regional power pool.

Zoya Sisulu, ‎Head of Debt Primary Markets, South Africa, Standard Bank. Credit: Business Day (South Africa)

African debt capital markets resilient in face of growth challenges

Debt capital markets across Africa’s sub-regions have remained robust despite the macroeconomic and political challenges presented.

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.

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.

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

Waves of change - Insurance opportunities in Sub-Saharan Africa - 2016

How insurance is transforming a rapidly growing Sub-Saharan Africa: EY (Infographic, Video & Report)

Sub-Saharan Africa is a diverse region that presents risks, challenges and opportunities for the insurance industry. No “one-size-fits-all” approach is likely to succeed across individual markets and countries.

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Real GDP Growth Rates (2007 - 2017) of Countries in Africa (Interactive Map & Chart)

Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.

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.

Deepak Malik, Africa Regional Director, Norfund

Norway-Backed Fund on Hiring Spree in Africa Finance Venture

A new development-finance venture that will control banking and other assets worth more than $660 million across sub-Saharan Africa plans to hire as many as 20 people including analysts to manage its investments and help it spend another $300 million on acquisitions.

Africa attractiveness program 2016: EY

Africa attractiveness program 2016: EY (Infographics & Reports)

We are at an inflection point in terms of the structural evolution of most African economies. Decisions made and actions taken now will determine, which of these economies consolidate the gains made over the past decade as a platform for sustainable growth in coming decades.

Mobile Economy - Africa 2016: GSMA

The mobile economy - Africa 2016: GSMA (Infographics & Report)

At the end of 2015, 46% of the population in Africa subscribed to mobile services, equivalent to more than half a billion people. The region’s three dominant markets – Egypt, Nigeria and South Africa – together accounted for around a third of the region’s total subscriber base.

Not Louise Linton's Zambia. Credit: EPA/Stringer/qz.com

#LintonLies: Louise Linton's "white savior" memoir about her gap year in Zambia has been pulled from shelves

The now infamous memoir, In Congo’s Shadow by Scottish actress Louise Linton, is no longer for sale.

Novare Matola (Illustration), Maputo, Mozambique

Novare Africa Property Fund II closes with $350 million for investment

Novare Africa Property Fund II, the fund with a mandate to invest in retail and commercial real estate in sub-Saharan Africa outside of South Africa, has announced its final close at the end of June 2016.

A black child and a white woman hold hands in Bamako, Mali

#LintonLies: Louise Linton just wrote the perfect White-Savior-in-Africa story

If there is one media narrative about Africa that refuses to be squashed, it’s the White-Savior-in-Africa bug.

‘Waking up to another nauseating white savior cinematic plot’, wrote one Zambian user on Twitter. Photograph: Yvette Cardozo/Getty Images

#LintonLies: Zambians hit back at white savior gap year memoir

Western writer sparks social media storm over book outlining her experiences of war, spiders and ‘smiling children with HIV’.

Louise Linton

#LintonLies: Delusional White Woman Louise Linton Draws Ire of African Twitter for Egregious “Zambian Memoir”

On Friday, The Telegraph ran what has to be the dumbest, most egregious piece of writing on Africa of the 21st century.

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

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”.

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

Nico Bezuidenhout, incoming CEO, FastJet

FastJet names Mango Airlines CEO Bezuidenhout as CEO

FastJet has hired Nico Bezuidenhout, CEO of Mango Airlines, South African Airways’ low cost unit, as CEO to help revive the U.K. discount airline following a plunge in its share price and an escalating spat with a top investor.

Stephen Keshi is one of two people to win the Cup of Nations as a player and manager, and the only black African ever to coach at a World Cup. Photograph: Pius Utomi Ekpei/AFP/Getty Images

Stephen Keshi: Brawler, talker and most successful black African coach of all time

The former Nigeria and Togo manager, who died on Tuesday evening aged just 54, was, at the international level, the finest African coach of his generation.

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port. Credit: bbc.com

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port

Kenya and Tanzania have long competed to have the most important port in East Africa and their rivalry is about to become more intense as they compete for the region’s business.

Ashish Thakkar, Founder, Mara Group. Credit: thenational.ae

GE, Mara Group & Atlas Merchant Capital partner to invest in infrastructure across Africa

General Electric Africa (GE), Mara Group and Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects.

Fly540

Check out 10 airlines looking to change the face of Africa's skies (Photos & Video)

The future looks bright for air travel across Africa. It’s predicted that by 2034, 190 million more flights segments will be flown across the continent.

Tony Elumelu, Chairman, UBA Group. Credit: brandessencenigeria.com

Nigeria's UBA plans African expansion, says Chairman Tony Elumelu

United Bank for Africa (UBA) plans to increase its presence in Africa outside Nigeria to 25 countries from 18 now and inject capital into its subsidiaries in Kenya, Tanzania and Uganda, its chairman said on Tuesday.

Elnathan John, Author of "Born on a Tuesday"

I want to show that things are never simple: Elnathan John, Author of the novel "Born on a Tuesday"

The Nigerian writer and satirist on his first novel, Born on a Tuesday, a study of a young man caught up in Islamic fundamentalism.

Africa’s richest man, Aliko Dangote (Left), has a net worth of about US$18 billion, according to Forbes. Tom Saater/Bloomberg

Ranks of African millionaires swell

The sinking tide of commodity prices has lowered incomes for the rich and poor, but for a growing class of African millionaires, the effect may be less painful than for others.

Two Rivers, Nairobi, Kenya (Illustration)

Africa: A land of opportunity for property investors

UAE investors have been urged to follow in the footsteps of the Majid Al Futtaim Group and the Landmark Group by pursuing property opportunities in East Africa.

Maitama Mixed Use Development, Abuja, Nigeria (Illustration). Credit: Eris/estateintel.com

Eris and Momentum to invest over $308M in West African real estate

Momentum Global Investment Management (MGIM) and the Eris Property Group have allocated over $308 million for real estate investments in West Africa in the 1st Quarter of 2016.

Shop Africa 2016: Knight Frank

Shop Africa 2016 (Report & Infographics): Knight Frank

Sub-Saharan Africa is experiencing a wave of modern shopping mall development. The retail sector has become a major focus for development activity in recent years, as investors have been attracted by the growth potential of African consumer markets.

IHS Towers acquires rival Helios Towers Nigeria (HTN)

IHS Towers acquires rival Helios Towers Nigeria (HTN)

IHS Holding on Thursday announced that it has agreed to acquire Helios Towers Nigeria (HTN), in the process adding 1,211 tower sites in Nigeria to its portfolio.