Featured News - Page 58

Casablanca Finance City (CFC)

Casablanca Finance City: Morocco looks to be financial services gateway to Africa

Morocco aims to establish Casablanca Finance City (CFC) as a gateway for capital inflows to the African market.

Rural Broadband in Africa

Nigerian Phone Maker, Tingo Mobile, Buys MTI Stake to Expand in Rural Broadband

Nigerian mobile-phone manufacturer Tingo Mobile agreed to buy a majority stake in Mass Telecom Innovation Nigeria Plc (MTI) for about 4 billion naira ($25 million) to develop rural broadband in Africa’s most populous country.

Nigeria has attracted much attention from American and European multinationals, according to a new survey. Here is the Victoria Island waterfront in Lagos from June 3, 2014. Joe Penney, Reuters

Sub-Saharan Africa Is the New Investment Frontier

Nigeria leads frontier markets in attracting attention from American and European companies, according to the latest Frontier Markets Sentiment Index.

Construction cranes operate among new skyscrapers being built in the business district of Luanda, Angola

Angola’s $7 Billion Waterfront Project Seeks to Attract Hilton Hotels

Builders of a $7 billion waterfront development in Angola’s capital, Luanda, are seeking to attract an international hotelier such as Hilton Worldwide Holdings Inc. (HLT) to boost the profile of the project.

Charles Robertson, Global Chief Economist, Renaissance Capital

Fear of Investing in Africa Is Losing You Money - CFA Institute (Video)

Africa has its challenges, from corruption to political risk, yet the continent has changed and will continue to evolve.

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN)

Nigeria's New Central Bank Governor, Godwin Emefiele, Seeks Stable Naira & Rate Cuts

Nigerian central bank Governor Godwin Emefiele pledged to maintain stability in the currency and signaled policy makers may begin cutting interest rates.

African Cell Phone Users

Is Africa Finally the Next Global Growth Story?

African countries now account for 10 of the top 11 forecasts for expected GDP growth by 2020.

Safaricom's M-PESA

Why does Kenya lead the world in mobile money?

PAYING for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA.

Clifford Mpare, CFA, Chairman & CEO, Frontline Capital Advisors

Spotlight on Africa with Clifford Mpare, CFA, Chairman & CEO, Frontline Capital Advisors (Presentation)

Spolight on Africa with Clifford Mpare, CFA, Chairman & CEO, Frontline Capital Advisors. European Investment Conference, CFA Institute, “Beyond Austerity: Opportunities for European Investors in the Global Market”, 14–15 November 2013, London, United Kingdom

Clifford Mpare, CFA, Chairman & CEO, Frontline Capital Advisors

Africa's Lion Market: An interview with Clifford Mpare, CFA, Chairman & Chief Executive Officer of Frontline Capital Advisors (Video)

The Financial Times recently did a video interview with Clifford Mpare, CFA, of Frontline Capital Advisors.

Pray for Portugal

Portugal indebted to Angola after economic reversal of fortune

The cash-strapped European nation is coming to terms with effects of heavy investment from its oil-rich former colony.

Jose Eduard Dos Santos, President of Angola

Angola to Buy Trains & Power Generators From GE in $1B Deal Financed by US Ex-Im Bank

Angola’s government plans to buy trains and power generators from General Electric Co. (GE) worth about $1 billion in a deal financed by the Export-Import Bank of the U.S., the lender’s president said.

View of Victoria Island, Lagos, in Nigeria | Photo: Bill Retherford

The Business of Fashion Op-Ed: Luxury Brands Are Wrong to Ignore Africa

Earlier this year, Nigeria became Africa’s largest economy and the 26th largest economy in the world, valued at $509 billion, based on GDP figures that were recalculated using a base year of 2010 instead of 1990.

Ethiopian Flower Industry

KKR To Invest $200M In Ethiopian Flower Business

KKR Buys Rose Farm Company in First Africa Deal.


Lafarge to Merge Nigerian and South African Units in $1.35B Deal to Rival Dangote Cement

Lafarge SA, the French cement maker, will combine Nigerian and South African assets to form a new company, Lafarge Africa, to compete with Africa market leader Dangote Cement Plc.

Jason Njoku, Founder & CEO, iROKOtv

Jason Njoku, iROKOtv, and Nollywood (Video)

Nigeria’s movie industry, otherwise known as Nollywood, has witnessed a meteoric rise over the past twenty years.

Clare Akamanzi, Chief Operating Officer, Rwanda Development Board (RDB)

Clare Akamanzi, COO, Rwanda Development Board (RDB): New Investment Codes Set To Boost Economic Growth (Video)

The new investment codes will introduce derivatives trading to Rwanda’s capital market and help identify new key sectors of Rwanda’s economy.

Doyin Okupe, Senior Special Adviser on Public Affairs to Nigeria's President Goodluck Jonathan

Doyin Okupe on BBC HARDtalk: It took the American government 444 days to free the hostages during the 1979 Iran hostage crisis (Video)

BBC HardTalk’s Stephen Sackur recently interviewed Doyin Okupe, the Senior Special Adviser on Public Affairs to Nigeria’s President Goodluck Jonathan.

Sanusi Lamido Sanusi, former Governor, Central Bank of Nigeria

Lamido Sanusi, former Central Bank of Nigeria Governor, named as new Emir of Kano

The ousted central bank governor and prominent government critic, Lamido Sanusi, has been named as the new emir of Kano in Nigeria.

Bloomberg African Business Weekly

Bloomberg African Business Weekly: Afreximbank, PTA Bank, South African Private Equity, Powering Rwanda, & Agriculture in Gabon (Video)

Afreximbank, PTA Bank, South African Private Equity, Powering Rwanda, & Agriculture in Gabon

Nigeria Sovereign Investment Authority (NSIA)

Nigeria's $1B Sovereign Wealth Fund Releases New Website

Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority (NSIA), recently released a revamped version of its website.

Tewolde Gebremariam, CEO, Ethiopian Airlines

Ethiopian Airlines to decide on $3B plane order by June end

Ethiopian Airlines will decide in June on whether to place an order for 30 narrow-body Airbus or Boeing jets as part of fleet its expansion plans, the company’s chief executive said on Sunday.

Ashish Thakkar, Founder & MD, Mara Group

Barclays' Former CEO, Bob Diamond, and Ashish J. Thakkar, Mara Group's Founder, to Raise $400M to Fund Investments in Africa

Atlas Mara Co-Nvest is looking to raise an additional $400 million to fund its investments in Africa.


MTN buys controlling stake in Afrihost

Mobile operator MTN is acquiring a controlling 50% stake in Internet service provider Afrihost for an undisclosed sum.

Mo Abudu, Founder & CEO, EbonyLife TV

Mo Abudu: How "Africa's Oprah" conquered a continent (Video)

Her name is Mosunmola Abudu, and in the last eight years she’s done it — and then some.

Christine Lagarde, Managing Director (MD), International Monetary Fund (IMF)

Christine Lagarde Expresses Concern That Africa's Sovereign Debt Is Rising

Some African countries have issued too much debt and possible added monetary stimulus in Europe that may boost demand for emerging-market assets could further increase the burden, the International Monetary Fund said.

Stephen Dhieu Dau, Minister of Petroleum, South Sudan

South Sudan Earned $1.9 Billion From Oil in the Last 12 Months

South Sudan said it earned $1.9 billion from oil sales in the 12 months through May as the country seeks to restore output lost in nearly six months of conflict.

Cliff House designed by Stefan Antoni Olmesdahl Truen Architects (SAOTA), Dakar, Senegal

Beautiful design, smart innovation: Africa's most exciting architects

Africa is a land under construction. Last year, over $220 billion was spent on all kinds of building projects in the continent.

Tope Lawani, Co-Founder & Managing Partner, Helios Investment Partners

Helios Invests $50m in Nigeria’s Fast-Growing Pension Market

Helios Investment Partners, a private-equity firm that focuses on Africa, has bought a minority stake in Nigeria’s ARM Pension Managers to tap into the nation’s fast-growing pension market, according to co-founder Tope Lawani.


Spotify in Talks With Vodacom Over Music Deal in Africa

Spotify Ltd. is in talks with Vodacom Group Ltd. (VOD) on a partnership that would mark the music-streaming service’s first foray into the African continent, according to two people familiar with the matter.

Elias Masilela, former CEO of South Africa's Public Investment Corporation (PIC)

Elias Masilela, CEO of South Africa's Public Investment Corporation, Resigns

Elias Masilela resigned as the chief executive officer of South Africa’s Public Investment Corp., Africa’s biggest fund manager and the largest shareholder on the Johannesburg stock exchange.

Howard French and Rob Cox Discuss China in Africa

China's Embrace of Africa: Development or Imperialism (Video)

Author Howard French joins Rob Cox to discuss whether China’s embrace of Africa is development or imperialism by another name.

Diana Layfield, CEO, Africa, Standard Chartered Bank

Diana Layfield, CEO of Africa, Standard Chartered Bank: StanChart will open 13 branches in Africa in 2014 (Video)

Bloomberg recently interviewed Diana Layfield, the CEO of Standard Chartered Bank’s Africa operations.

Alara, Victoria Island, Lagos, Nigeria

Redefining African Luxury in Lagos, Nigeria

Businesswoman Reni Folawiyo is building a concept store with celebrated architect David Adjaye on Victoria Island in Lagos. The mission? To redefine African luxury for Nigerians—and for the rest of the world.

Mo Abudu

Mo Abudu, 'Africa’s Oprah', Showcases Different Side of Africa (Video)

Sometimes called “the Oprah of Africa,” Mosunmola “Mo” Abudu is a leader in the African television industry.

Nhlanhla Nene

Nhlanhla Nene, South Africa’s New Finance Chief, Pledges Fiscal Discipline

Nhlanhla Nene, who replaced Pravin Gordhan as South African finance minister, pledged to follow his predecessor in bringing down the budget deficit and spurring the economy.

Cyril Ramaphosa

Cyril Ramaphosa Said to Swap Banks for Burgers as He Takes Office

Cyril Ramaphosa, who took office yesterday as South Africa’s deputy president, agreed to trade his interests in regulated businesses in exchange for stakes in consumer goods companies to avoid conflicts of interest, according to two people with knowledge of the matter.

Mo Abudu, CEO, EbonyLife TV

Mo Abudu on how she started EbonyLife TV (Video)

Mo Abudu on how she started EbonyLife TV

Joyce Banda, President of Malawi

According to Forbes, the 2 most powerful women in Africa are Joyce Banda and Ngozi Okonjo-Iweala

4 African women made Forbes’ The World’s 100 Most Powerful Women List.

MTN Nigeria

MTN Sees Double-Digit Sales Growth as Nigeria Customers Rise

MTN Group Ltd., Africa’s largest wireless operator, posted double-digit revenue growth in the first four months of this year as the number of subscribers in its biggest market of Nigeria climbed.

Striking Miners in South Africa

South African economy contracts for the first time since 2009 recession

South Africa’s economy contracted in the first quarter for the first time since a 2009 recession as the longest mining strike in the nation’s history cut output.

Jason Njoku on Arise Entertainment 360

Jason Njoku, CEO, iROKOtv: Video interview on Arise Entertainment 360 (Video)

Jason Njoku, CEO, iROKOtv: Video interview on Arise Entertainment 360