Featured News - Page 3

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange working with MTN on 2017 listing

The Nigerian Stock Exchange (NSE) is working with South African cell operator MTN on a listing of its shares in the country this year, the head of the bourse said on Thursday.

Nkosazana Dlamini-Zuma, Chair, African Union

Jacob Zuma says South Africa's ruling ANC is ready for female leader

President gives huge boost to leadership ambitions of his ex-wife Nkosazana Dlamini-Zuma with comments about his party’s succession.

More Nigerians are embracing electronic payments

More Nigerians are embracing electronic payments (Infographics)

Five years after Nigeria’s Central Bank (CBN) launched its Cash-less Nigeria project to reduce the amount of physical cash circulating in the economy, it is finally catching on.

Arnold Parker, Managing Director, AFB Ghana

Letshego acquires AFB Ghana in second West African acquisition

African finance group Letshego Holdings has acquired a 100% shareholding in AFB Ghana Plc. AFB is a licensed non-bank financial institution and offers innovative credit products to over 60,000 customers across its network of more than 25 branch and customer access points.

Nigeria Could Teach the West a Few Things

Nigeria Could Teach the West a Few Things

A trip is often defined by its surprises, so here are my biggest revelations from six days in Lagos, Nigeria.

Edwin Dande, Managing Partner & CEO, Cytonn Investments. Credit: capitalfm.co.ke

Kenya set to remain a hotspot for private equity investments in East Africa

According to Cytonn Investments, Kenya will remain a hotspot for private equity (PE) with global deal makers expected to continue to be attracted by the country’s improved business environment.

Nkosazana Dlamini-Zuma, Chair, African Union

Zuma's ex-wife given boost in South Africa leadership race

The chances of South African President Jacob Zuma’s ex-wife, Nkosazana Dlamini-Zuma, becoming the next leader of the African National Congress were given a boost on Saturday with the endorsement of the ruling party’s women’s division.

Midtown Atlanta, Georgia, USA. Credit: myplaydatacharts.com

We Don Blow! The African Music Wave: Lanre Dabiri, Founder, PlayData

I’m at a traffic light, downtown Atlanta last summer and I notice a car that has also stopped for the light beside me playing really loud music.

Kelechi Anyadiegwu, Founder & CEO, Zuvaa. Credit: good.is

How one 26-year-old turned $500 into $2 million online (Photos)

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.

Retail Africa: Africa's next retail giant

Retail Africa: Africa's next retail giant?

Steinhoff and Shoprite are planning to merge their African retail operations in a stock-for-stock deal, as announced in December.

Why Africa Remains Ripe for Private Equity: BCG

Why Africa Remains Ripe for Private Equity: BCG (Infographics & Report)

For the past decade, Africa has been one of the world’s hottest growth markets for private equity investment. In the early 1990s, a mere dozen Africa-based funds managed a combined $1 billion; today, more than 200 funds manage upwards of $30 billion.

First Bank of Nigeria ATMs

How Nigeria's banks are innovating

Nigeria’s relatively significant exposure to the oil and gas sector increased pressures on balance sheets and operations.

African markets are ripe to absorb more private equity investment

African markets are ripe to absorb more private equity investment (Infographics)

Private equity investments across Africa may soon rise as firms are set to expand their activity on what remains one of the fastest growing regions in the world.

Yemi Alade and D'Banj with their awards at the MTV Africa Music Awards 2015. Credit: businessoffashion.com/Getty

Why Africa's Musicians Are a Marketing Goldmine

Stylish, dynamic and extremely popular, Africa’s music stars are brand ambassadors for many multinationals in Africa but the fashion industry has yet to grasp their value.

A Protea Hotels location now owned by Marriott International

Why Marriott's Expansion in Africa Could Mean Long-Term Gains

Marriott opened its first property in sub-Saharan Africa, the 254-room Kigali Marriott in Rwanda, in early October.

Africa's Private Equity Promise And What It Can Deliver

Africa's Private Equity Promise And What It Can Deliver

The fundamental precept of Private Equity (PE) is to transform a company and improve it, thus allowing it to achieve its full capability by enhancing its operational structure.

Africa’s rising middle class – and why it matters. Credit: newafricanmagazine.com

Africa's rising middle class - and why it matters

According to the African Development Bank (AfDB), as far back as 2011 there were already 313 million people – or 34 per cent of the continent’s total population – that could be referred to as middle class.

Bob Collymore, CEO, Safaricom

Safaricom's M-PESA has Kenya's government worried what happens in the event of a crash (Infographic)

At the time of M-Pesa’s launch in 2007, few could have conceived the mobile money service would be as ubiquitous and deeply entrenched in the lives of millions of Kenyans as it is today.

Ngozi (L) and Chijioke Dozie: The brothers are Café Neo's Co-Founders and Co-CEOs. Credit: CNN

2 brothers have tapped into Africa's coffee renaissance (Video & Photos)

Nigeria is the seventh largest coffee producing country in the world, and two brothers there have decided to capitalize on this.

SafariCity, Arusha, Tanzania

Check out 5 futuristic African cities that will take the tourism industry by storm (Photos)

Africa is seen to take up the tech challenge by investing billions of dollars in the development of tech futuristic cities.

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.

Bola Onadele, CEO, FMDQ OTC Securities Exchange

Meet the Boss: Bola Onadele, CEO, FMDQ OTC Securities Exchange

The Financial Markets Dealers Quotations (FMDQ) OTC Securities Exchange is a Nigerian marketplace that trades debt securities and currency, specifically dollar against naira.

Reed Hastings, CEO, Netflix

A new Netflix server in Nigeria will deliver faster streaming and content to its African users

News of Netflix’s expansion to Africa (and pretty much the rest of the world) in January was met with excitement on the continent.

Raphael Afaedor, Co-Founder & CEO, Supermart.ng. Credit: NdaniTV

How former Jumia MD is selling groceries online in Nigeria

Lagos’s infamous back-to-back traffic can turn a simple trip to the grocery store into a time-consuming ordeal.

Olatorera Oniru, CEO, Dress Me Outlet. Credit: konnectafrica.net

From Wall Street to e-commerce in Nigeria

“To scale through the start-up phase is very difficult. It requires a lot of tenacity and, like I always say, it requires experience.” So says Nigerian Olatorera Oniru.

Shola Adekoya. CEO, Konga

Why Konga could be Africa's answer to Amazon: Shola Adekoya, CEO, Konga

Konga.com was founded in July 2012 and started purely as an online retailer selling baby and beauty products.

Njideka Akunyili Crosby with her diptych painting Garden, Thriving, 2016. Credit: Graeme Robertson/The Guardian

The Nigerian artist who is exploding the myth of the ‘authentic African experience’

Njideka Akunyili Crosby is walking around the Victoria Miro gallery in east London, calmly examining her paintings.

iHub

Africa's tech hubs

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

Nana Akufo-Addo, Ghana's President-Elect

Ghana President-Elect says aiming for double-digit growth

Ghana’s president-elect Nana Akufo-Addo said on Wednesday he would focus on restoring stability, cutting taxes and interest rates and spurring double-digit growth, in his first comments on the economy since winning a Dec. 7 vote.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

Kenyan banks want a bigger share of the mobile money action. Credit: qz.com/Reuters/Thomas Mukoya

Kenyan banks are closing in on what they think will be the perfect M-PESA disruptor (Infographic)

Early next year, Kenyan banks are expected to unveil a digital and mobile money transfer platform to rival M-Pesa’s longstanding dominance as the scramble for cashless payments intensifies.

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen on Wednesday opened a new assembly plant in Kenya and launched plans for a ride-sharing service in Rwanda as it seeks to take advantage of surging car demand in Africa.

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.

Nigerian Fintech Startup Paystack Raises $1.3 Million

Nigerian Fintech Startup Paystack Raises $1.3 Million

Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has just secured $1.3M Seed investment from both international and homegrown investors.

Modderfontein New City, Johannesburg, South Africa

11 giant infrastructure projects that are reshaping Africa

By the United Nations’ estimate, the continent will see its current population of 1.2 billion double by the year 2050.

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.

The race to fix Nigeria's payments problem just received a big boost

The race to fix Nigeria's payments problem just received a big boost

Making online transactions is a process taken for granted as one of the natural offshoots of deeper internet penetration.

Amina Mohammed, Nigeria’s Minister of Environment and incoming Deputy Secretary-General of the United Nations

Nigeria's Amina Mohammed has been appointed UN Deputy Secretary-General

Since taking office in May 2015, Nigeria’s president Buhari has come under criticism not just for his handling economy but also for a seemingly under-performing cabinet.

The checkout at Shoprite, Africa's biggest food retailer, in a shopping center in Warri, a fast-growing city in Nigeria's oil-producing region. Credit: nytimes.com

Shoprite & Steinhoff plot massive merger

Retail giants Shoprite and Steinhoff plan to merge to form what will indisputably be one of Africa’s largest retail businesses.

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.

Ethiopia Opens Massive Gibe 3 Hydroelectric Dam on Omo River

Ethiopia Opens Massive Gibe 3 Hydroelectric Dam on Omo River

Ethiopia on Saturday officially opened the Gibe 3 hydroelectric dam, which is among the biggest in Africa, despite concerns by environmentalists about its impact downstream and upon neighboring countries.

Kemi Adetiba

Nollywood's Must-Watch Director

It’s opening night of the Toronto International Film Festival (TIFF), and Kemi Adetiba is about to step onto the stage and into the spotlight.