Kayode Akinola quits KKR to start firm with Marlon Chigwende. New firm to target investments of less than $100 million in equity.
What started with a compliment turned one young woman’s idea into a million dollar business. When Kelechi Anyadiegwu started her online African clothing store Zuvaa with $500 two years ago, her idea was to share African-inspired designs with consumers around the world.
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.
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.
Africa’s largest fiber network will be formed as Liquid Telecom buys South African converged network operator Neotel.
Between 2010 and 2016 H1, there were 277 reported private equity deals in Southern Africa totaling $3.5 billion.
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.
Kwesé TV, a sports website owned by Econet Media, has partnered with American cable TV channel ESPN in a deal which will see Kwesé exclusively air hours of licensed content from ESPN including its iconic SportsCenter show across 19 countries in Africa.
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.
Visualizations of Real GDP Growth Rates of Countries in Africa (Interactive Map & Chart) from 2007 – 2017.
It is a cliched image. Passengers lined up at the check-in desk for various flights back to African capitals, trolleys overloaded and suitcases straining at the weight limit.
Econet Wireless Global affiliate Liquid Telecom agreed to pay 6.55 billion rand ($428 million) for South African Internet-service provider Neotel Pty Ltd., creating the continent’s largest broadband network and business-to-business phone carrier.
In 2010 the McKinsey Global Institute (MGI) described the potential and progress of African economies as “lions on the move”.
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.
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.
South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its home market, it said on Tuesday.
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.
Barclays has announced it is to withdraw from Africa. It will gradually reduce its 62% stake in Barclays Africa Group over the next two to three years.
The Norwegian Investment Fund for Developing Countries is considering investments in financial-services and clean-energy businesses in Ghana as the institution extends its scope to West Africa.
While SSA was predicted to grow above 5% year-over-year in 2015 at the beginning of the year, actual GDP growth is more likely to come in at around 3–4% year-over-year.
For the third year running, the African Development Bank (AfDB) has published the Africa Tourism Monitor, an annual report on the tourism industry in Africa.
Africa’s rise in prominence is part of an overall global trend that has seen a shift in economic opportunity from the developed to the developing world. In fact, 6 out of the 10 fastest growing economies in the world are in Africa.
With agriculture making up approximately 65% of Africa’s labour force and 35% of the continent’s GDP, the sector’s capacity to help realise major continental development priorities is beyond doubt.
Local African companies have gained a competitive edge on the continent over their multinational counterparts and are making inroads where overseas players once dominated, said a report released Tuesday.
The video-film industry of Nigeria has been described as one of the greatest explosions of popular culture that Africa has ever seen.
Choppies Enterprises Ltd., the Botswanan supermarket chain that listed in South Africa in May, plans to open about 30 stores in the year through June and may also expand via acquisitions as the retailer seeks to increase market share in the region.
Here is general information on exchanges across Africa, including: currencies, time zones, trading hours, open days, market operation, settlement, trading lot sizes, public holidays, monetary policy, taxation & indices. The guide was compiled by African Alliance.
Africa is home to some of the world’s fastest growing economies and an increasing number of investors believe private equity could prove an effective way in.
Africa is not a single investment destination with a single set of standardized risk factors and homogenous potential for reward.
Unilever has opened a new KES155 million (€1.3 million) factory in Kenya which will be focused on the production of its Vaseline products, as it looks to meet the growing demands in the region for quality skin care products.
Liquid Telecom, a broadband group controlled by African telecoms company Econet Wireless, is being lined up for a European flotation next year after approaches from potential buyers in recent months.
When Nelson Mandela strode onto a field in 1995—a year after the birth of South Africa’s democracy—images of him wearing the green and gold of the national rugby team became a stirring symbol of his commitment to racial unity.
Aliko Dangote, Africa’s richest man, is considering investments in Zimbabwe’s cement, power generation and coal-mining industries as part of an expansion in the southern African nation.
Power lines connecting the east African states of Tanzania, Uganda, Rwanda, Kenya and Ethiopia are expected to be completed within the next three years, helping improve supplies and power trading, a senior Kenyan official said on Thursday.
Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.
Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.
Frontier Services Group Limited (FSG), a publicly listed, transportation and logistics solutions provider in frontier markets with its operational headquarters in Nairobi, Kenya, today announced that it has entered into a Share Purchase Agreement …
The Africa Report is a unique and market-leading publication which draws on the expertise of Knight Frank’s unrivalled network of property professionals in Africa. The report presents a wealth of material highlighting the growth of Africa’s economies, cities and real estate markets.
The following is a transcript of a wide-ranging interview between Alec Russell, News Editor of the Financial Times, and Mac Maharaj, former confidant of Nelson Mandela and until recently the spin-doctor of President Jacob Zuma.
When Choppies opened its first store in Lobatse, a small town in Botswana, its ambition was limited to becoming a retailer of substance in its domestic market.