Kenyan serial entrepreneur and on of the foremost players in Africa’s Silicon Savanna Juliana Rotich has joined venture fund – Africa Technology Ventures – as a...
Ethiopia is the new flavor of the month for Africa watchers. The East African nation led the pack of fastest-growing economies – not just in Africa,...
Nigeria’s Dangote Cement shares rose sharply on Monday after the firm, owned by billionaire Aliko Dangote, announced plans to expand further. Dangote Cement shares rose 7.8...
(Press Release) – Organized by the Corporate Council on Africa and co-hosted by the Government of the Federal democratic Republic of Ethiopia and the African Union,...
South African wireless operator – the MTN Group – has hired a former top U.S. law enforcement official to help challenge a US$3.9 billion fine imposed...
Four East African countries have agreed to fast-track integration of their stock exchanges on an online portal. In a joint communiqué, the East African Securities Association...
As Senegal begins drilling its newly-found oil reserves, a “significant quantity” of natural gas deposits have also been discovered in the north of the country. Kosmos...
Leeward Islands Air Transport (LIAT), has today announced the complete removal of fuel surcharges on all new tickets booked, effective 1st March 2016. According to LIAT...
Nigeria is working to diversify its exports and has identified 13 exportable products to reduce dependence on oil and gas. The Buhari administration has also introduced...
Technical personnel from Trinidad & Tobago’s energy sector are in Ghana today to explore ways in which the Caribbean country can collaborate with the west African...
South African wireless operator MTN should drop its legal action over a US$5.2 billion (recently reduced to US$3.9 billion)fine imposed in Nigeria to help facilitate talks...
By Christabel Ligami Countries qualifying for duty-free access to U.S. markets under the Africa Growth and Opportunity Act (AGOA) must adhere to US trade regulations as...
The announcement that Netflix will roll out across all of Africa came as a big surprise. It had already announced its intentions to go into South...
Botswana will be hosting the 2016 Innovation Prize for Africa awards. According to a press release from the government of Botswana, the African Innovation Foundation in...
Gasoline shortages are common in Nigeria – Africa’s largest oil producer – which imports the majority of its refined fuel, straining the nation’s finances and currency....
African tech startups raised just under US$186 million in funding over the course of 2015, with South African companies receiving in excess of US$54.5 million, making...
(Global Newsire) – Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank, announced earlier this week, that David Toner will be stepping down as...
Michael Lee-Chin’s Portland Private Equity Limited intends to list a special-purpose entity called PJX on the Jamaica Stock Exchange by April this year, based on legal...
By Lilian Ochieng Entrepreneurs from the East African region are set to benefit from a start-up challenge that offers mentorship and seed capital to winning participants....
An offshore two-dimensional seismic survey is to be conducted by Tullow Jamaica Limited over the next 30 days to determine Jamaica’s potential for commercial oil and...
– Petrochemical facility, refinery to be completed by 2018 – Fertilizer plant in Lagos to be operational next year Nigerian billionaire Aliko Dangote’s industrial complex in...
The permanent secretary in Grenada’s ministry of finance, Timothy Antoine, has been named the new governor of the Eastern Caribbean Central Bank (ECCB). He replaces the...
South Africa remains the only nuclear energy producer in Africa, but soon it may be joined by others across the continent in pursuit of a dependable...
Nigerian authorities are facing growing pressure to devalue the Naira as the price of oil, its biggest source of foreign exchange, trades at the lowest level...
Leeward Islands Air Transport (LIAT) has entered into a bespoke charter agreement with the Antigua & Barbuda-based Caribbean Helicopters that will see the regional carrier launching...
Budding entrepreneurs across Africa can now apply to join the second annual Tony Elumelu Entrepreneurship Programme (TEEP) for start-up businesses based in Africa. The Tony Elumelu...
International credit rating agency Standard & Poor’s (S&P) has revised to negative its outlook on the economy of Trinidad & Tobago. The agency affirmed its ‘A/A-1’...
The stock market in Jamaica has had a better year than any other across the globe. Amidst the middling returns of the world’s best known indexes...
President Muhammadu Buhari has unveiled Nigeria’s budget for 2016 as it grapples with falling oil revenues. The Buhari administration is aiming for growth of just above...
RLJ Entertainment earlier this month announced that its urban streaming channel – the Urban Movie Channel (UMC) – is now available to Amazon Prime members as...
South African entrepreneur Stafford Masie, and his start-up, Thumbzup Innovations is disrupting the mobile payment process with his innovative, made-in-Africa product – the Payment Pebble. The...
The Nigerian Copyright Commission (NCC) has filed criminal charges against the embattled South Africa wireless carrier, MTN. MTN was already grappling with payment of a US$5.2...
M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes, has acquired financing worth Ksh1.9 billion (US$19 million) for expansion. In Kenya the cell phone is being...
When Nigeria first unveiled incentives for carmakers to set up plants its auto industry had ground to a standstill. Fast forward 2 years, and there are...
Trinidad & Tobago is among oil-producing countries in the Caribbean and Latin America severely affected by the sharp drop in oil and petroleum prices, the Inter-American...
Tiger Brands Ltd., South Africa’s largest food producer, agreed to sell its stake in loss making Nigerian business to Dangote Industries Ltd. 3 years after buying...
Africa’s largest online movie platform, and online distributor of Nigerian movies (Nollywood) – iROKO and Canal+ Group have teamed up to launch a new Android-based mobile...
The Buhari administration in Nigeria is breaking up an all-encompassing oil bill that has been stuck in the federal parliament for years, replacing it first with...
The Central Bank of Trinidad & Tobago Friday said that the oil-rich twin island nation is “officially in a recession” after it failed to post any...
Nigerian serial entrepreneur and philanthropist, Aliko Dangote, has proposed that African states introduce free movement of persons, goods, services and capital across the continent, based on...
Seventeen-year-old Jaylen Bledsoe founded Bledsoe Technologies, an information technology consulting company, when he was just 12 years old, and under his stewardship, the company had grown...
Three champions of the buy Black movement are joining forces in a powerful new effort to strengthen Black America. PurchaseBlack.com, BlackBizScope.com, and Tuloko.com are working together...
Meet Siza Mzimela – she is the first black woman to found and own an airline. Mzimela is the founder and chief executive officer of Fly...
South Africa’s Police Service will start an investigation into the country’s state-owned airline – South African Airways – which is facing mounting financial losses while remaining...
The Tony Elumelu Foundation has announced the second annual round of the US$100 million Tony Elumelu Entrepreneurship Programme for emerging African entrepreneurs. In 2015, the Tony...
Barbados Prime Minister, Freundel Stuart has urged members of the Commonwealth to invest in the Caribbean Community (CARICOM) region. Stuart, in an address on Thursday at...
According to the World Bank, foreign direct investment (FDI) in Africa hit a record US$60 billion by the middle of this year. Yet, many multinational companies...
Africa’s technology experts, decision makers and innovators met in Cape Town, South Africa last week to look at the growth areas of technology on the continent....
Jamaica-based food, financial and money company, The GraceKennedy Group is in the process of widening it’s foot print in Africa, with the launch of its Nurishment...
A government data agency says South Africa narrowly avoided recession after the economy grew by less than 1 percent. On Tuesday, Statistics South Africa released a...
(PRNewswire) – AT&T will now offer Earvin “Magic” Johnson’s ASPiRE, the network that entertains and celebrates urban influencers and African American families, and UP, a network...
The African Union Commission (AUC) engaged the Private Sector on the Continental Free Trade Area (CFTA) negotiations processes during a 3-day Conference of the African Private...
(PRNewswire) – Stephanie Hill, Vice President and General Manager of Lockheed Martin’s Ship & Aviation Systems line of business for Mission Systems & Training, has been...
Hank Williams, 50, a resident of New York City, died Sunday at Newark, New Jersey Beth Israel Medical Center after a weeklong hospital stay. He was...
By Philip Killeen Never before has the opportunity to go green in the energy sector been as appealing and accessible as in the Caribbean. This four-part...
By Allan Olingo Two years ago, at a breakfast in Kenya’s capital, Nairobi, hosted by Kenya-based Equity Bank, Ethiopia’s Prime Minister Hailemariam Desalegn said his country...
Nigerian billionaire Aliko Dangote typifies the new “African lions” whose business empires are winning a competitive edge over foreign multinationals because of their better grasp of...
The CEO of Africa’s biggest telecommunications company resigned on Monday because of a US$5.2 billion fine meted out to MTN Group’s Nigerian subsidiary. Sifiso Dabengwa was...
By Johan Burger Multinational corporations have targeted Africa as a destination for their investments for quite a while. The latest investments include American multinational food manufacturer...
MTN Nigeria, which is a subsidiary of Africa’s biggest telecommunications company – the MTN Group – was fined a record US$5.2 billion by the communications regulator...
Royal Dutch Shell was on Tuesday accused of making false claims about the extent of its oil spill clean-up operations in Nigeria and urged to take...
Ethiopia’s financial sector was the center of discussion last week at a summit organized in the country’s capital, Addis Ababa, under the auspices of The Economist...
By Kate Douglas China’s slowing growth, coupled with the fall in commodity prices, could see African exports to the Asian country almost halve in value this...
(BlackPRWire) – VEDC and JPMorgan Chase & Co. last week announced a new lending program for African American-owned small businesses in New York City, Chicago and...
Private equity has become the fastest growing source of investment in sub-Saharan Africa. In recent years, investors tired of low returns in developed markets have increasingly...
Jason Young is the president of MindBlown Labs, which makes an app that teaches teens how to manage their money. His background is unique among Silicon...
The Dangote Group has revealed that its US$9 billion oil refinery will be on stream by December 2017. The Dangote refinery, located in Lekki, Lagos State,...
Nigeria has deferred a plan to slash gas exports to Ghana beginning Friday over an outstanding debt of US$181 million, alleviating a threat that could have...
Obinna Ekezie is the founder of Wakanow.com, one of the fastest growing and largest internet travel sites in Africa; Ekezie was also listed as an Entrepreneur...
The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) have signed off on the Sustainable Energy Facility – a US$71.5 million grant package –...
Africa should press ahead with plans to develop its transport and energy networks despite a recent slowdown in gross domestic product (GDP) growth because better infrastructure...
Oprah Winfrey is investing about US$43.2 million for a 10 percent stake in Weight Watchers and is joining the weight management company’s board. The company’s shares...
Border Dominican traders have decided to end a 15-day protest strike that was enacted after Haiti imposed a road ban on 23 products from its neighbor...
Black students are earning 4 percent of computer science Bachelor degrees but make up less than 2 percent of the tech industry, according to the Computer...
Ghana held emergency talks in Nigeria on Thursday to avert a threat to cut gas supply drastically, which could worsen the country’s electricity blackouts and present...
Rapper and entrepreneur Lupe Fiasco (Wasalu Muhammad Jaco) has announced that he and his partners are in the process of launching a new non-profit organization that...
Angola’s economy will grow more slowly than expected this year, Vice President Manuel Vincente said on Thursday, as subdued oil prices sap public spending, hobble the...
Before 2010, Africa had a handful of tech hubs. Botswana had its Innovation Hub; South Africa had its Innovation Hub in Pretoria; and there were a...
Growth in Africa’s mobile phone users is set to slow in the next 5 years, a study showed on Thursday. According to a report by global...
The Digicel Group has dropped its plans to list shares in an initial public offering (IPO) that was expected to raise some US$2 billion on the...
Trinidad & Tobago is facing an “unabated decline” in its oil and gas reserves and production, and the country must act quickly to revive the industry,...
Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year, its weakest pace since 2009, mainly due to the drop in commodity...
Renewable energy sources could supply nearly a quarter of Africa’s power needs by 2030, more than four times the current levels, according to a report published...
The gloves will be off at the the third India Africa Forum summit later this month, when African countries will push for 100 percent access to...
South Africa is fighting to retain duty-free access for exports to the United States worth as much as US$1.7 billion a year in a dispute that...
Robert F. Smith is now the second richest African American after Oprah Winfrey who still occupies the top spot. Smith is the founder, CEO and chairman...
Dangote Cement is set to commission its new 3.0 million metric tonnes per annum cement plant located in Mtwara District of Tanzania on October 10, 2015....
Walker & Company Brands, the company that makes health and beauty simple for people of color by developing products and services tailored to their unique needs,...
The Finance Ministry in Zambia has rejected a credit downgrade by Moody’s Investors Service, saying the move was unsolicited and should be ignored. Zambia – Africa’s...
Telecom giant Digicel yesterday indicated that it would raise up to US$2.2 billion in its Initial Public Offering (IPO) on the New York Stock Exchange. This...
Dangote Cement has been named the 2015 African business of the year at the just ended African Business awards ceremony. The judging panel applauded Dangote Cement...
Newly appointed African Development Bank President, Akinwumi Adesina, has said he is aiming to eliminate Africa’s energy deficit by 2025 by mobilizing US$55 billion of investment....
Black Enterprise is set to an inaugural appearance in Silicon Valley for the much anticipated Black Enterprise TechConneXt Summit. The summit which will take place on...
The Bank of Nigeria’s Monetary Policy Committee has held the key rate at 13 percent, Governor Godwin Emefiele told reporters on Tuesday in the capital Abuja....
The African Internet Effect is rippling out and affecting everything it touches. The first shocks of this earthquake have been quite gentle but its power will...
The first annual African Business Leaders Forum conference will be held in Johannesburg, South Africa from December 9-12 at the Sandton Convention Center. The conference has...
Bank of Nigeria Governor Godwin Emefiele has ruled out a devaluation of the country’s currency – the naira, and has advised businesses not to panic about...
By Jack Smith IV Every week, the American tech sector uses the most advanced mobile technologies in the world to create some new meaningless distraction. Tinder...
Regional policymakers, young entrepreneurs, and other major stakeholders, will meet in Barbados on Thursday 24th September, 2015 during the Caribbean Youth Entrepreneurship Summit, to chart a...
By Stefan M. Selig In July this year, U.S. President Barack Obama visited Africa and shared an important message at the Global Entrepreneurship Summit in Nairobi,...
Ghana’s central bank has increased interest rates by a percentage point to 25 percent to arrest the slide of the cedi against major currencies. Bank of...
Antigua & Barbuda has just gotten into the film business. St. Kitts & Nevis-born producer Rudy Langlais (“The Hurricane,” “Sugar Hill”), and his partners, Caribbean social...
NBA Hall of Famer, and serial entrepreneur, Earvin “Magic” Johnson is set to be the keynote speaker at The American Rental Association’s 60th annual The Rental...
Nigeria is leading the nominations for the upcoming 2015 African Business Awards. Among the nominees are Aliko Dangote, the Founder and CEO of the Dangote Group,...
Aliko Dangote, has revealed that Dangote Cement will invest in a US$400 million cement plant in Zimbabwe. The billionaire, also told journalists, that the Dangote Group...
Going by latest numbers, Nigeria is sliding towards recession in the last quarter of 2015, according to analysts. Economists define a recession as a period of...
A Chinese state-owned engineering company has signed a deal worth $4.3bn (£2.8bn) to build factories for a Nigerian cement company run by Africa’s richest man, Aliko...
The UN has estimated that across the world more people have access to mobile phones than to toilets. It is of course distressing to imagine what...
Aliko Dangote – the world’s wealthiest black man, is set to address a global audience at the 2015 edition of DEMO Africa on September 24-25, in...
By Zoe Henry At first blush, you might not think of Nairobi, Kenya, as being especially ripe for startups. Public concerns about security, government red tape,...
Sarah Glover was elected as the 21st president of the National Association of Black Journalists (NABJ) at the organization’s national convention held earlier this month in...
Telecom giant Digicel has relaunched a money transfer system in Haiti designed to let people get easier access to cash through their cellphones. Digicel said Tuesday...
For the past four years, I have been urging the Congress and the White House to encourage corporate America to voluntarily implement and adopt the RLJ...
Nigeria’s digital entertainment platform Dobox has quietly built itself a user base by concentrating on getting a number of things right. According to its CEO, Gafar...
Jamaica has signed a new wage deal with some trade unions that will see salaries boosted by 4 percent during the agreement’s first year. The pact...
Ford Motor Company will start assembling its best-selling Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle...
As the east African nation of Uganda inches closer to announcing new exploration and production licences that will pump fresh energy into its oil and gas...
Zimbabwe has suspended a 15 percent tax on raw platinum exports after mining companies asked the government to give them 2 years to set up smelters...
By Kate Douglas Two out of three people in sub-Saharan Africa live without electricity. The Africa Progress Panel estimates that power shortages diminish the continent’s growth...
A new streaming service that showcases black films, as well as series and documentaries, that are of interest to African diaspora – but get less exposure in...
Mozambique is expected to add dollar millionaires at the fastest rate in Africa over the next decade, followed by the Ivory Coast (Cote d’Ivoire) and Zambia...
The collapse in commodity prices and the rise of the African middle class has flipped the fortune trends of the continent’s richest people. Commodities tycoons Aliko...
After rising during the 1970s through the 1990s, African Americans’ participation rates in many job categories slowed or declined in the 2000s, says a report by...
From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-recession levels of 2007 and should keep rising...
The Tony Elumelu Foundation has revealed that finance, infrastructure and inadequate resource centers are the major impediments affecting entrepreneurial development in Africa, a new report by...
(PRNewswire) – According to a new poll released yesterday by the American Association of Blacks in Energy (AABE), the majority of African American and Hispanic voters...
The immediate past Director General of Nigeria’s Securities and Exchange Commission Arunma Oteh has been named Vice President and Treasurer of the World Bank. According to...
Financial institutions in Jamaica will for the first time, from next month, have to report specified financial account information on American citizens who have accounts in...
(PRNewswire) – The Africa Business Fellowship, a partnership of Management Leadership for Tomorrow (MLT), Econet, The Milken Institute, and The African Leadership Network (ALN), announced that...
The Bahamas government say it has increased the national minimum wage by 40 percent. Labor, National Insurance and Public Service Minister Shane Gibson said that he...
Nigeria-based Dangote Cement has the African continent in its sights catching older European rivals like Lafarge and Heidelberg Cement on the hop – both are now...
Nigeria’s state oil company – the Nigerian National Petroleum Corporation (NNPC) has banned over 100 oil tankers from the country’s waters, citing a directive from president...
Jason Njoku’s African movie streaming platform iROKOtv has just obtained a competitor. Enter Afrostream – a movie streaming service that only features African and African American...
East African governments are betting big on new railway and port projects to boost the regional market’s competitiveness with Asia. After years of neglect, East Africa’s...
The National Black Chamber of Commerce is hosting its 23rd Annual Entrepreneurial Convention at the Diplomat Resort & Spa in Hollywood, Florida, from August 5th to...
The Republic of Congo’s homegrown tech start-up VMK this week launched a production unit of its mobile phones in Congo and aims to assemble some 4...
Angola’s state oil company Sonangol will produce oil off Cuba by 2017 if the United States lifts an economic embargo following a return to diplomatic relations...
Africa is likely to benefit from weak global growth by attracting more investment that will drive its development, experts said at a financing conference in Ethiopia...
At an average of 10 percent of gross domestic product (GDP), Senegal’s ICT investments easily beats South Africa, Kenya, Egypt, and the world average. All too...
(PRNewswire) – Forbes Magazine recently compiled its first ever list of America’s top 50 most successful women as measured by their net worth. Ranking at #24,...
The Barbados Investment and Development Corporation (BIDC) has given into the demands of the island-nation’s largest public sector trade union and reinstated employees it forced into...
Barbados could face a national strike on Wednesday or Thursday as the National Union of Public Workers moved to implement the third phase of its industrial...
As part of Tony Elumelu’s US$100 million commitment to empowering African entrepreneurs, 1,000 Tony Elumelu Entrepreneurs, representing 51 African countries from the Tony Elumelu Entrepreneurship Program...
By Maina Waruru Kenya’s renewable energy sector is set for a boost in September when a solar microgrid company plans to become the country’s first licensed...
The Barbados-based Caribbean Development Bank has announced the creation of a Regional Procurement Center that aims to improve the efficiency and transparency of public spending across...
Ambassador Andrew Young, co-founder of Bounce TV – the first and only over-the-air broadcast television network for African Americans – late last month, gave the network’s...
An explosion at an Eni pipeline in Nigeria killed at least 12 people and injured three others, the oil major said in a statement on Friday....
Andrew Rugasira has worked for more than a decade to sell coffee in a way that will be more profitable to Africans, starting with a firm...
Hip-hop mogul and serial entrepreneur “Dr. Dre” (Andre Romelle Young) will be busting through your speakers with a new radio show on Apple Music. Late last...
South African fixed-line operator Telkom, has been ordered to abandon plans to retrench thousands of workers. The order by the Johannesburg Labor Court was hailed as...
MTN Group Ltd., has revealed that Ahmad Farroukh, the chief executive officer of the wireless carrier’s South African unit, has resigned amid labor unrest and declining...
Tanzania’s parliament on Sunday approved a legal and regulatory framework for developing its nascent hydrocarbons industry, after days of contentious debate. East Africa has become a...
Antigua & Barbuda has injected a further US$400,000 in regional carrier Leeward Islands Air Transport (LIAT) even as the twin-island nation prime minister vowed that the...
Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary,...
Haitian President Michel Martelly, business leaders and civic boosters inaugurated an US$80 million container port Thursday aimed at giving the recovering country a much bigger role...
A property boom in Ethiopia’s capital is putting pressure on the government to keep homes affordable for the people who also live in one of its...
The number of African American women-owned businesses in the United States continues to grow rapidly. According to the latest numbers, the figure is now at 322...
The East African Community will formally become a Common Market on July 1 despite the aspirations of free movement of goods, services and labor being far...
The Anzisha Prize, together with the African Leadership Academy (ALA), is pleased to announce the establishment of the Youth Entrepreneur Support Unit (YES-U) incubation and acceleration...
The emerging market BRICS nations will have their own development bank by the end of the year, South Africa has said. “The New Development Bank is...
Earlier this month, Kierna Mayo was named editor-in-chief of Ebony magazine. Mayo, 45, replaces Mitzi Miller who stepped down from the role in February this year....
Although the number of foreign direct investments (FDI) fell by 8.4 percent in 2014, capital investment into Africa surged to US$128 billion, a year-on-year increase of...
In 2006, currency trader and blogger Jamarlin Martin saw the opportunity to develop an online business focused on African Americans and their interests. He started Bossip...
Magic Johnson Enterprises said it completed the acquisition of a controlling interest in EquiTrust Life Insurance Co. Guggenheim Partners LLC will continue to provide investment-management services...
Kenya Airways has been crowned 2015’s Best Business Class in Africa’s Leading Airline category by the World Travel Awards. Dubbed ‘Premier World’, winning features in the...
By Bo Li Many people are not aware that the relationship between Africa and China is not just a one-way street. Beyond the small businesses that...
Nigeria: Buhari administration considering removal of fuel subsidy Nigeria’s newly innaugurated president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy...
Ethiopian Airlines, the largest airline in Africa, is pleased to announce the purchase of 6 additional 787 Dreamliner aircraft from Boeing. The decision to purchase the...
Communications provider Cable Bahamas Ltd (CBL) is planning to propose a three-for-one share split of its ordinary shares that it says will allow more Bahamians to...
Dangote Group founder and chairman, Aliko Dangote, has revealed that he is expanding his cement empire to Asia and it will be operational in 30 months....
The out-going president of the African Development Bank (AfDB) Donald Kaberuka says time has come for Africa to become the world’s manufacturing hub and this can...
Don’t invest in African American led companies because of diversity, but because they’re a good business, argued African American founders and venture capitalists at the PreMoney...
Testing of an electrified railway from Ethiopia’s capital Addis Ababa along its main trade route to Djibouti’s port will begin in October, according to Ethiopian Railways...
Aliko Dangote, Africa’s richest man, is looking to invest in Malawi. Dangote is aggressively expanding his business empire across several African countries. He recently launched a...
(PRNewswire) – Milhouse Engineering & Construction, Inc., last month, signed a memorandum of understanding (MOU) with the Federal Republic of Nigeria and its Ministry of Power...
South African fixed-line operator Telkom plans to slash 4,400 jobs, or more than 24 percent of its staff, to contain costs, its spokeswoman said on Tuesday....
Pan-African bank Ecobank Transnational Incorporated has named Ade Ayeyemi as its new group chief executive, it said on Monday. The 52-year-old, currently head of Citigroup’s sub-Saharan...
Senior African officials negotiating a trade deal to create a common market across half the continent said Monday the pact was ready to be signed. The...
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...
South Africa is to establish a free trade zone between its southern African neighbors and its counterparts in the eastern and western regions of the continent....
The Dangote Group on Thursday (one day ahead of schedule) opened a US$500 million cement plant in Ethiopia, one of Africa’s fastest-growing economies where a construction...
Jamaica will finally introduce mobile number portability on 22 June, approximately three weeks later than scheduled, after the government accepted a request to temporarily postpone the...
Five-time Grammy nominated hip-hop artist, entrepreneur and philanthropist Akon will open a solar training institution in the next few weeks aimed at equipping African engineers and...
Haiti is expected to record economic growth of 4 percent this year. According to the International Monetary Fund (IMF), Haiti had in December last year, completed...
Johns Hopkins University student Demilade Obayomi is a co-founder of a new venture capital fund namely A-Level Capital. The initial idea behind this fund is to...
Jay Z’s music streaming company Tidal has been in talks to partner with other streaming services in order to try and improve its financial position. Music...
Nigeria’s former Minister of Agriculture, Akinwumi Adesina, was late last week elected to become the new president of the African Development Bank (AfDB). Adesina, 55, will...
Kenyan-based Equity Group Holdings Limited, formerly Equity Bank Group has begun its promised march on Africa with the acquisition of a majority stake in ProCredit Bank,...
Tech giant Apple last week acquired Chinedu Echeruo’s HopStop.com. HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps...
Dangote Cement Plc says it will inaugurate its 2.5 million metric tonnes per annum cement plant in Ethiopia – an investment of US$480 million, on June...
(PRNewswire)- The Executive Leadership Council, the pre-eminent membership organization for the development of global Black business leaders, has announced its support for The Legal Defense Fund’s...
The next president of the African Development Bank will take over an institution entering a much tougher economic environment than the one outgoing president Donald Kaberuka...
Kenya will offer five state-owned sugar companies for sale to private investors over the next year after writing off Ksh59 billion (US$611 million) of debt, the...
Univision Communications, Inc., the largest Spanish-language media company in the United States, has acquired The Root, an African American focused new, opinion and culture website. “This...
The African Banker awards for the year 2015 are to be held in Abidjan on May 27. The prestigious event, is held under the patronage of...
Africa’s telecoms and internet sectors have made enormous progress over the last 10 years and many barriers to the expansion of the business have come down....
The Congressional Black Caucus (CBC) has launched a new a initiative aimed at increasing African American representation and inclusion in the tech industry. Through initiative named...
Dangote Cement has released its unaudited results for the first quarter of 2015, showing an increase in gross profit of 10.5 percent y/y at N74.7 billion...
Mechanics and Farmers Bank, one of the oldest and largest African American-owned financial institutions in the United States, is re-branding itself as part of a broader...
African businessman and philanthropist, Tony O. Elumelu has proposed a new entrepreneur-led development model for Africa at two high profile events in Washington DC. Elumelu, who...