A severe drought is intensifying in Jamaica with water supply systems already well below normal, the country’s environment minister said Sunday night. In a national address,...
South African platinum miners at work. PHOTO/File World number-one platinum producer Anglo American Platinum (AMPLATS) is to sell a swathe of its most labor-intensive South African...
Conceptual rendering of the Nzema solar power plant in Ghana. PHOTO/File Ghana is on track to completing the construction of Africa’s largest solar power plant, and...
South African Workers at vehicle assembly plant. PHOTO/Volkswagen South Africa Nissan Motor Corporation has joined auto makers including Toyota Motor Corporation and Ford Motor Corporation in...
App developers at work in Nairobi, Kenya. PHOTO/File Nairobi, the Kenyan capital – now nicknamed “Silicon Savannah” has spurred a stream of mobile apps that tackle...
The Trinidad & Tobago-based Caribbean Airlines is projecting a loss of just under TT$100 million (US$16 million). According to the twin-island nation’s Finance Minister, Larry Howai,...
A worker at the Petroleum Refinery plant in Mombasa, Kenya. PHOTO/Daily Nation Africa has surpassed the Middle East as the oil-and-gas producing region that attracts the...
Nigeria’s actual gross domestic product (GDP) growth rate for 2013 has been revised down to 5.49 percent, from 7.41 percent previously estimated during a rebasing exercise,...
Haiti and the Dominican Republic and agreed Thursday to facilitate imports of goods and services “without discrimination,” in compliance with international conventions and agreements, as well...
Operating video on demand platforms is proving to be a tough call for Africa’s cellular operators. At present, many do not have the network capacity to...
The Telecommunications Authority of Trinidad & Tobago (TATT) has requested Digicel to restrain from blocking customers from using third party Voice over Internet Protocol (VOIP) applications...
The BRICS (Brazil, Russia, India, China and South Africa) group of emerging giants are expected to sign a deal next week to open their own development...
Female entrepreneur. IMAGE/photos.com African American women are starting businesses six times more often than the national average in the United States. In 2013, 42 percent of...
A new initiative to jump-start Jamaica’s entrepreneurial tech sector is now up and running and is taking lessons from countries as diverse as Chile, Vietnam and...
Teddy Ruge – Founder of Remit.Ug Late last year, Ugandan entrepreneur Teddy Ruge launched Remit.UG an African quick-pay service that enables Ugandans in the diaspora to...
Nigeria and Jamaica are working to establish direct flights between the two countries in the near future. Officials from both countries are working to conclude a...
OPEC member and gas exporter Algeria is in advanced talks for a first deal to start oil and gas exploration in Tanzania. The move sees a...
By Djifa Kothor Corporate social responsibility demands that corporations are not solely concerned with profit but also with the well-being of people. In Europe, and North...
Spain’s Repsol has discovered an oil reserve estimated at 40 million barrels of oil equivalent in the waters off the island-nations of Trinidad & Tobago, to...
Andre Harrell. PHOTO/File Andre Harrell has been named vice chairman of Sean Combs’ (P. Diddy’s) Revolt TV, where he will be charged with creating opportunities for...
Jamaica plans to sell US$800 million of dollar bonds in its first overseas sale since 2011, according to an official familiar with the offering. The Caribbean...
Aliko Dangote – Founder and Chairman of the Dangote Group The Dangote Group has invested US$140 million into its cement grinding plant in the Cameroonian city...
The Trinidad & Tobago-based Caribbean Airlines Tuesday confirmed that all its international and domestic flights had been affected as a result of industrial action taken by...
By Gabriella Mulligan East Africa offers the lowest infrastructure, human resources and administrative costs for entrepreneurs while South Africa is the most expensive country in Africa...
As the Stuart administration in Barbados struggles to reduce costs through financial structural adjustment programs, an Opposition Member of Parliament has revealed that another 100 public...
Outgoing Kenya Airways CEO Titus Naikuni (l) with incoming CEO Mbuvi Ngunze Africa’s third largest carrier Kenya Airways has announced that Mbuvi Ngunze will replace Titus...
Trinidad & Tobago Prime Minister Kamla Persad-Bissessar. PHOTO/File Trinidad & Tobago Prime Minister Kamla Persad-Bissessar is projecting a rapidly expanding economy that will see a massive...
Robert L. Johnson, Founder and Chairman of The RLJ Companies The RLJ Companies has announced that 3 of its portfolio businesses are listed among the “2014...
South African Workers at vehicle assembly plant. PHOTO/Volkswagen South Africa More than 220,000 members of the National Union of Metalworkers of South Africa (NUMSA), the country’s...
Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors...
Jamaica’s foreign direct investment (FDI) continues to improve, showing it to have one of the fastest growth rates, though well behind the region’s two major leaders,...
Aliko Dangote – Founder and Chairman of the Dangote Group Dangote Cement, a subsidiary company of Dangote Group, continues its dominance on the African continent, with...
Thousands of miners at a mass rally called by South Africa’s Association of Mineworkers and Construction Union (AMCU) mining union were given a program on Monday...
Tristan Walker – Founder and CEO of Walker & Company. PHOTO/David Paul Morris/Getty Images Tristan Walker – a forner director of business development with location-based social...
Caribbean countries continued to benefit from an increase in remittances in 2013, according to figures released by the Multilateral Investment Fund. According to the investment fund...
The private banking unit of South Africa-based Investec holds Africa’s largest portfolio of assets under management with US$23.7 billion, reflecting increased demand for services from the...
Robert L. Johnson, Founder and Chairman of The RLJ Companies The RLJ Companies has announced that the African American Mayors Association (AAMA) passed a unanimous resolution...
The Michael Sata administration in Zambia is looking into reviewing the country’s mining taxes as the Zambia Revenue Authority (ZRA) did not collect enough tax from...
Ludovic Biyong (pictured), is the founder and CEO of PA2M the creators of Camernews.com – a Cameroonian news and classified ads-based website. A place for Africans...
(BGIS) – The Freundel Stuart administration in Barbados is focused on creating an enabling environment for industries and businesses to not only survive, but also thrive...
International development agency Hivos, together with the DOEN Foundation and The Indigo Trust, have just announced a new fund to support technology hubs in Africa with...
The Organization of Eastern Caribbean States (OECS) has announced the establishment of an Economic Affairs Council which is a principal organ of the sub-region’s economic union....
(Global Newsire via COMTEX) – Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank has announced the appointment of Isaac Torres as Vice President,...
Aliko Dangote – Founder, Chairman and CEO of the Dangote Group The Dangote Refinery and Petrochemical Company is on track to receiving a licence to begin...
A police task force in Jamaica arrested 10 people on suspicion of involvement in the Caribbean country’s lottery scam rings, authorities said Sunday. The island-nation’s Lottery...
The RLJ Companies has announced that its director of corporate communications and public affairs, Candace L. Randle (pictured), has been recognized by The Network Journal (TNJ)...
App developers at work in Nairobi, Kenya. PHOTO/File Young techies hunched over laptops in small offices across Africa want to create their own versions of California’s...
Kenya is committed to ensuring food security, creating jobs, flood control and water harvesting. Previously agriculture has been an underfunded sector when compared to education and...
Nigeria’s Arik Air, has reinforced its position as West and Central Africa’s largest commercial carrier by expanding its reach to the Middle East, becoming the first...
Kenya and Nigeria traditionally steal the spotlight regarding African innovation centers, but South Africa quietly leads the continent with the highest number of such facilities. The...
Market analysts have suggested that the cashless policy which has been introduced to 7 states in Nigeria, should be extended to transactions involving foreign currency, as...
At least 14 million Ugandans used the mobile money platform to trade, send and receive money last year, putting it among the most used medium of...
Haiti is embarking upon a development plan that is aimed at making it an “emerging country by 2030,” Prime Minister Laurent Lamothe has said. The country...
Tanzania’s capital city Dar es Salaam will become the fourth city in east Africa to launch a free internet zone service that will help increase innovation...
ArcelorMittal has agreed to pay Senegal $150 million in damages to settle a dispute with the West African nation over the failed Faleme iron ore mine...
Ghana’s capital city has the highest potential for inclusive growth in Africa, according to the 2014 MasterCard African Cities Growth Index. “For the second year, Accra...
Aliko Dangote – Founder, Chairman and CEO of the Dangote Group The construction boom on the African continent continues to attract more businesses. Lafarge SA, the...
Investors can now capitalize in Swala Oil and Gas as the company has announced the launch of its Initial Public Offer (IPO). The Tanzanian Capital Markets...
The Ernst & Young Entrepreneur of the Year award was given to Kenya Women Finance Trust CEO, Jennifer Riria. The awards ceremony will be held in...
African economic superpowers, Nigeria and South Africa exploring collaborative ventures to develop artisanal and small-scale gold mining in Nigeria. Although, South Africa is featured as the...
The Freundel Stuart administration in Barbados has rejected suggestions that it devalue the local currency saying it “will do what needs to be done to protect...
The Reserve Bank of Zimbabwe on Thursday announced the cancellation of Capital Bank’s banking license, sowing fresh doubt into the stability of indigenously-owned banks in the...
Builders of a $7-billion waterfront development in Angola’s capital, Luanda, hope to attract an international hotelier to boost the project’s profile, Bloomberg reports. Baia de Luanda SA is...
African brands are growing beyond the continent by simultaneously catering to local needs and doing business on a global scale. Thebe Ikalafeng, CEO of Brand Africa...
Social media boom, abundance of content-rich apps, rich video content and access to cheaper Smartphones has fueled internet usage in Africa, doubling the use of data...
MTN Group, Africa’s biggest telecommunications operator, plans to spend around 120 billion CFA francs ($250 million) upgrading its network. The Group’s head of Ivory Coast said...
General Electric (GE) will supply railway and energy equipment to Angola in a $1 billion deal financed by the U.S.-run Export-Import Bank (Ex-Im), officials and state-run...
Randal Pinkett – Co-Founder, CEO and Chairman of BTC Partners Management and consulting IT firm BTC partners, has announced a merger with Lynx Technology Partners, Inc.,...
Vodafone’s hold on the African telecoms market is facing a new challenge from rivals seeking to compete directly with its dominant M-Pesa mobile money platform. Three Tanzanian...
Four out of six shortlisted firms have submitted proposals to government for the role of lead investor for the development of the 60,000 barrels per day...
South Africa’s competition matters adjudicator, the Competition Tribunal, on Thursday said it had inflicted a R534 million ($50 million) fine on Sasol Chemical Industries (SCI), a...
When things turned ugly after Kenya’s 2007 elections, an unlikely group of heroes, young African coders, developed a platform that used cellphones and the Internet to...
South African Airways (SAA) is planning to enter West African airline business through a stake acquisition in a Togo-based carrier and setting up its regional operation...
Kenya, Uganda and South Sudan are expected to invite bids for a consultant to oversee the building of an oil pipeline to transport crude. The crude...
Sanlam, South Africa’s second biggest life insurer, on Wednesday said it had set aside R3 billion ($279.8 million) for growth prospects in Africa and South East...
As the cement market continues to get more competitive, Lafarge Group has decided to merge its South African business with its publicly traded Nigerian unit, Lafarge...
Johannesburg Stock Exchange (JSE): listed gas and welding firm, African Oxygen (Afrox), on Wednesday said it had won a R25 million-a-year ($2.3 million) contract to supply...
South Africa has a well-administered VAT system that is in line with international norms, according to a Pricewaterhouse Coopers report. “The Value Added Tax (VAT) rate...
Private equity investors have always celebrated the investment opportunities in consumer goods, financial services and telecommunications; obvious strategic plays on Africa’s growth and emerging middle class....
The Export-Import Bank of the United States (Ex-Im Bank) on Tuesday announced it had authorized $1.1 billion to finance American exports to sub-Saharan Africa in the...
Nigeria’s Minister of Agriculture Dr. Akinwunmi Adesina announced yesterday at the 2014 International AgrikExpo held in Lagos, Nigeria, that the size of agribusiness and agric sector...
Local businesses should be encouraged to capitalize on the continent’s increasing economic growth. This is according to Sumesh Rahavendra, head of marketing for DHL Express Sub-Saharan...
A Zimbabwe banking survey has revealed that locals prefer doing business with foreign owned financial houses as they are perceived to be safe and reliable compared...
Spectrum availability and the price of smart devices will drive broadband penetration on the continent, an official has stated. Magnus Mchunguzi, head of Ericsson South Africa...
Countries in Africa are not meeting the demands required to make business environment conducive for female entrepreneurs, Dell yesterday stated, as results of the second-annual Dell...
Bahamian Prime Minister Perry Christie has presented a US$2.1 billion budget to parliament outlining a number of revenue measures and warning that the administration cannot afford...
First Bank of Nigeria (FBN) Holdings last week announced the complete acquisition of International Commercial Bank (ICB) Financial Group Holdings West Africa, after finalising the deal...
Mauritius has provided the security, credibility and stability that many investors look for when doing business in sub-Saharan Africa. The country has been putting in place...
The African Trade Insurance Agency (ATI) in the year ended December 2013 helped Tanzania secure trade and investments worth $82 million (Tsh132 billion), Chairman ATI Board...
Barclays Africa’s chief executive of regional management and head of strategy Kennedy Bungane has resigned. Bungane is set to leave the Barclays Africa Group Limited this June...
Stanbic Bank Ghana has launched the Stanbic MoneyWallet Multi-Currency Card to provide both customers and non-customers the convenience to load and have access to four foreign...
Nigeria social banking pioneer, Guaranty Trust Bank Plc (GTBank) has launched “The SME MarketHub”, a free business directory and e-commerce portal that will help support Small...
Several agriculture projects in Tanzania have been awarded grants worth almost 650,000 US dollars by the Agriculture Fast Track Fund (AFT). “The AFT has granted two...
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,...
One of Africa’s biggest commercial banks, Access is valued at more than £700 million. A source said: “The bank hired a new chief executive last year...
Preliminary data from the International Monetary Fund (IMF) for Haiti’s first half 2014 fiscal year suggests that economic activity, measured by gross domestic product (GDP), advanced...
American farmers are looking to do business in Gambia. And recently, a delegation of American farmers traveled to Banjul to facilitate the process of investing in...
Silicon Valley has for more than a decade been a hub for technological innovation and venture capital-backed startup activity. One of the few African American decision-makers...
Establishment of a Free Trading Zone (FTZ) at Nigeria’s busiest airport, the Murtala Muhammed Airport Lagos will boost the country’s economy with up to $500 million...
In 1999, Research in Motion, a Canadian technology firm, now called BlackBerry Ltd, launched the first BlackBerry smart phone. By the end of the first decade...
The president of Guinea, Alpha Conde has signed an iron ore deal that has the capacity to lift the country out of poverty. The world’s second-biggest...
International management consulting firm, KPMG has rated Nigeria’s Zenith Bank Plc. as the “best customer-focused bank” in the country for the second year running. According to...
African artists are increasing their footprint globally as the entertainment industry on the continent spreads to other parts of the world. With over 200 million people...
Mobile data subscriptions in sub-Saharan Africa are expected to significantly overtake that of voice by 2019. According to the 2014 Ericsson Mobility Report, there has been...
Japan multinational information technology firm NEC Corporation has secured a $1.6 million deal to upgrade the Tanzania Telecommunications Company Limited (TTCL)’s microwave links in six key...
Elias Masilela Elias Masilela has resigned as the Chief Executive Officer of South Africa’s Public Investment Corporation – Africa’s biggest fund manager and the largest shareholder...
Public service vehicles in Kenya will from July be expected to implement an electronic payment system, according to a government gazette. As per the Operation of...
Caribbean countries ended 2013 on a more solid economic footing than it had done since the start of the 2007/2008 global economic recession, according to figures...
Kenton Clarke – Founder, President & CEO of DiversityBusiness.com DiversityBusiness.com has recently been acknowledged as one of the Nation’s “Top 500 African-American Businesses” for 2014. This...
A move by the Kenya communication regulator to license three mobile virtual network operators (MNVO) – that don’t own their own communication infrastructure – is expected...
The Western Union Company says it has launched a new website in Nigeria, which represents the first receive-enabled Western Union website globally. With the new website,...
With over 72 million young people in the country, Nigerian banks are now more than ever encouraging youth banking. The country’s youth account for over 43...
Nairobi-based Incubation hub 88mph, with operation in Cape Town, South Africa and Lagos, Nigeria, said it plans to increase its investable funds by 50 percent to...
Even before the Government manages to pull itself out of the Miura Petroleum block scandal with all the ‘forged’ signatures, another scandal in the oil industry...
Ghana will begin the free distribution of fertilizer to cocoa farmers this year in a renewed effort by the world’s second largest exporter to boost crop...
Seventeen technology projects from around Africa have been selected to receive grants as part of a joint partnership by Google and the Institute of International Education’s...
A Mauritius sugarcane firm Omnicane is set to invest $250 million into sugarcane plantations in northern Ghana, creating 2,000 jobs and boosting income in the impoverished...
African innovation is nothing new. A quick search on the internet will reveal an entire history book of African inventions spanning centuries; from harnessing fire in...
Mobile technology is helping provide better, more sustainable water supplies in Africa, where a third of hand pumps don’t work at any given time, BBCnews reports. In a...
The St. Lucia government says it has no intention of legislating a wage cut for public sector employees and that retrenchment is not an option being...
Kenya’s lender, Equity Bank, on Monday said it is poised to start a mobile telecoms service in the next two months. The bank has embarked on...
The Orange Group opened its third small and medium enterprises (SME) incubator in the West African country, Niger. Orange Niger and its local partners have setup...
Visa Inc., which is piloting Ethiopia’s first international debit card, is seeking to persuade the government to ease tight restrictions on banks in an effort to...
No fewer than 12 automobile manufacturers have expressed interest in establishing assembly plants in Nigeria, Africa’s biggest economy, according to National Automobile Council’s Director-General, Mr. Aminu...
The government has a mission to use a strong state to build infrastructure and develop the industrial and agricultural sectors. It argues that it could repeat the...
IBM has announced a collaboration with Zambia’s Ministry of Health to provide citizens with better access to 200 lifesaving drugs. The project, which begins in May...
Standard Bank Group, one of Africa’s largest banks, has won accolades from The Banker at the magazine’s annual Deals of the Year Awards 2014, with four...
About 5,500 sugar workers in South Africa plan to strike tomorrow demanding an 11 percent increase in pay, in the first industry-wide stoppage since 1997. Employers including Illovo...
For the second year in a row, Guaranty Trust Bank Plc (GTB) has been named “African Bank of the Year” by the African Banker Magazine. The...
Mobile banking, an innovative service that allows customers to perform banking transactions via their mobile phones, must be properly regulated in Ghana to ensure the safety...
High costs for software, a lack of connectivity and insufficient skills are holding back the take up of technology solutions among Africa’s small businesses, says an...
Early in the morning, Rudy Manuel accompanies his father to the farm of their Chinese agricultural partner to sell the rice produced in his father’s land....
Diamond Bank Plc is set to raise between $300 million and $400 million from its shareholders through rights issue, pending regulatory approval, Chief Finance Officer, Mr....
African countries south of the Sahara are poised to enjoy a surge in growth in their banking and trade systems in the upcoming decades. According to...
AfrAsia Bank Limited (ABL) Chief Executive Officer, James Benoit says the Mauritius-based bank is ready to expand its footprint to other Southern African Development Community (SADC)...
From production of 600 tons of seed in its first year in 2006, Maslaha Seeds has grown rapidly over the years producing thousands of tons of...
Three Nigerian power companies have signed investment grants worth $480 million with the US Trade and Development Agency (USTDA), an indication that the new Africa’s largest...
China’s soaring commodity demand has been a powerful catalyst for growth and development in African economies. However, heavy reliance on Chinese exports could hamper Africa’s growth...
Ghana will begin the free distribution of fertilizer to cocoa farmers this year in a renewed effort by the world’s second largest exporter to boost crop...
The Barbados-based Caribbean Development Bank (CDB) says it welcomes the Standard and Poor’s (S&P) revision of the bank’s outlook from “negative” to “stable” and affirmation of...
South Africa’s benchmark stocks index rose above 50,000 for the first time, led by SABMiller, the world’s second-biggest brewer, and Business Connexion Group, a computer-services company...
Prudential and American International Group are setting up operations in Ghana, but analysts say the smaller and nimbler companies will challenge them for business. Mobile micro-insurance...
The African Banker, a quarterly magazine dedicated to banking and finance in Africa, has named President and Chief Executive Officer of Africa Finance Corporation (AFC) The...
South Africa’s Telkom SA has offered to buy Business Connexion in an expansion bid. The 2.67 billion rand ($256 million) offer will see Telkom SA expand its...
Citibank, the consumer banking division of financial services multinational Citigroup, says growing insecurity in Kenya has not changed the country’s attractiveness to investors. “Kenya is a...
The number of mobile phone users in Burundi rose 13 percent in 2013 from the year before as most operators expanded their infrastructure networks, the industry...
Every year the Anzisha Prize rewards 12 of Africa’s youngest entrepreneurs age 15 to 22 with prize money and access to mentors, business contacts, investors and other young business owners. Domitila Silayo, 21,...
In an unprecedented manner, the government of China is going to extend a 500 million dollar loan to Ethiopian Airlines to finance Boeing jetliner purchases. During...
South African cement maker, Pretoria Portland Cement Company (PPC), says it will begin the commissioning of its 600, 000 ton-a-year plant in Rwanda by the end...
Emory University has announced that Erika Hayes James (pictured), will become the new dean of the Emory University’s (Goizueta) business school. James, a former senior associate...
The Central Bank of Trinidad & Tobago has confirmed that the Kamla Persaud-Bissessar administration will divest from the cash-strapped Colonial Life Insurance Company Ltd (CLICO) whose...
The $676.8 million Vodacom/Neotel deal has revealed a drift in the direction of “greater levels” of consolidation in South Africa’s mobile phone sector, corporate law firm,...
Emerging economies continuously need Foreign Direct Investment (FDI) for sustainable growth and development, with governments having recognized the importance of flow of financial capital in economies...
Kenya’s main electricity producer KenGen is looking for an adviser to help it secure financing for the development of a 140 megawatt (MW) geothermal plant, it...
In a move set to trigger competition in South Africa’s fixed line sector, Vodacom, South Africa’s biggest mobile phone operator, has acquired 100 percent of privately-owned...
Nigeria financial institution Diamond Bank has successfully issued Eurobonds worth $200 million and with a maturity of 5 years, demonstrating a global acceptance of the bank’s...
Utilizing advanced manufacturing has become a necessity for South Africa. “The reality is that for us to even debate whether we should be considering developing capability...
Africell is a privately owned telecoms company with operations in African countries such as Gambia, Sierra Leone and Democratic Republic of the Congo. An Orange Group...
Foreign investment in African economies will hit a record $80 billion in 2014, as business leaders in developed economies put the recession behind them and Chinese...
A deal to end a four month strike in South Africa’s platinum mining sector continues to be elusive, as mining companies and striking workers have taken...
Emerging markets measurements have outperformed major developed world indices so far this year, according to leading investment research firm, FE Analytics. Based on their assessments from...
Following on from last month’s 50th anniversary of the mainframe, IBM has unveiled two new client-facing centers for developing applications and systems for the technology in South...
The managers of Ethiopian Airlines have an ambitious expansion plan to be implemented by 2025 that involves more training and new infrastructure. Currently, Ethiopian Airlines is...
A project led by Pan African Minerals to develop the Tambao manganese project in Burkina Faso will cost up to $1 billion, the chairman of holding...
f South African mobile operator group MTN plans to spend more than $3 billion to improve its network infrastructure in Nigeria, the Business Day newspaper has reported....
Nigeria’s top bank, the Central Bank of Nigeria (CBN), has disclosed that transactions via Point-of-Sale (PoS) rose to N24 billion ($148 million) in April 2014. The...
At Computer Village, Lagos’s famously overcrowded tech-retail center, a Samsung smartphone wholesaler receives an email telling him a buyer in the neighboring Ogun State has placed...
The University of Pretoria’s Gordon School of Business Science (GIBS) has been ranked the best industry school in Africa. The school improved by one step from...
Union Bank, a leading Nigerian bank, has revealed that it would seek shareholders’ approval to raise $750 million in June, funds it says would be used...
Kenya has promised the top 200 industrial power consumers dedicated direct lines to alleviate frequent power outages, which has led to losses in millions of dollars...
Doing business in Africa is a high risk and high reward venture that can be continuously fruitful if taken advantage of at the right time. ...
The Inter American Development Bank (IDB) released a new study here Wednesday that Latin America and the Caribbean lag far behind developed countries in broadband penetration....
Representation of African-Americans and Hispanics in the investment banking community remains miniscule at about 1-2 percent. This is a very tough business for minorities to break...
The International Finance Corporation (IFC), the private sector arm of the World Bank, expects to raise $22 million (about Rwf15 billion) when it issues its local...
The New York Times announced Wednesday that Executive Editor Jill Abramson will be leaving the position and managing editor of the newspaper, Dean Baquet, will replace her....
There’s no end to the four month long strike action in the platinum belt in the North West province, South Africa. This is despite Lonmin’s desperate ultimatum...
Although the crucial financial importance of money sent to African countries has long been documented, detailed research into the scale of remittances is lacking. Despite the...
Toyota Nigeria Limited (TNL) has appointed Kunle Ade-Ojo, formerly an Executive Director, as its new Managing Director, replacing Chandrasheker K. Thampy, who has steps aside to...
Zimbabwe telecommunications giant, Econet Wireless, is diversifying into road construction, as it seeks to bail out government on its ambitious economic plan, the Zimbabwe Agenda for...
The second scramble for Africa is in investment on the continent with China, US, the EU and Japan leading the foray into the fastest growing...
Kenya’s Geothermal Development Company (GDC) has selected three companies to construct 100 megawatt geothermal plants in Menengai, Rift Valley in the East African country in furtherance...
As companies rush to secure their claim on Ethiopia’s mineral riches, the government is keen to show it supports international transparency measures. Ethiopia is in the...
Nigeria’s leading distributor of industrial and household power generators, Mikano International has linked up with French-based electricity solutions conglomerate, Schneider Electric, following an agreement that will...
When it comes to acronyms of the global economy, South Africa, Egypt and Nigeria have repeatedly represented Africa. They show up in acronyms coined by economists and...
Africa’s richest man and president of Dangote Group, Alhaji Aliko Dangote says he will resign as President of the Council of the Nigerian Stock Exchange (NSE)...
A new report has urged African governments to emulate Kenya in supporting the development of mobile banking and electronic commerce to increase financial inclusion. The Africa...
The world’s top three platinum firms faced a huge challenge after opting to tackle South Africa’s worst mining strike by sidestepping AMCU. They faced a huge...
The Uganda Revenue Authority (URA) has implemented a new cargo tracking system which will alert officials in the organization of not only location, but information related...
South Africa’s rand went up in gains to a 2014 high of 10.2725 against the dollar on Tuesday. The currency broke through a 10.3000 technical level...
The Nairobi Securities Exchange (NSE) will sell up to a 38 percent stake in an initial public offering by the end of next month to raise...
Kenyan car manufacturing startup Mobius has gotten an undisclosed capital from American billionaire Ronald Lauder, which would help it deliver on its promise to produce Africa’s...
Safaricom, Kenya’s biggest telecoms operator, expects its free cash flow to rise by 10-17 percent in its financial year ending next March. This will be driven...
Caverton Offshore Group, a leading oil and gas service firm providing marine and aviation logistics, is set to spur market capitalization at the Nigerian Stock Exchange...
The African Development Bank has said that African economies have sustained unprecedented rates of growth. The African Development Bank’s Tracking Africa’s Progress in Figures publication released...
The Miami-Dade Chamber of Commerce has announced the selection of their new President and Chief Executive Officer. Gordon “Eric” Knowles (pictured), a seasoned senior executive with...
Demand for frontier markets funds has been growing of late as institutional investors seek better returns than from emerging markets funds, which, while safer, have been...
World Bank figures show that net Foreign Direct Investment inflows into Africa grew by 16.2 per cent to 43 billion in 2013. The World Economic Forum...
The open pit of the giant Kibali mine in northeastern Democratic Republic of Congo, a yawning beige crater in dense forest, could turn a remote corner...
South Africa’s Standard Bank has offices in Ivory Coast and plans to use its presence there as a launchpad to access the rest of francophone West Africa, StarAfrica reports. “Our...
Chinese investors have offered the Federal Mortgage Bank of Nigeria (FMBN) $4 billion to improve the country’s inadequate housing infrastructure, Mr. Gimba Yau Kumo, FMBN’s Managing...