Wealthy citizens of unstable African countries are seeking alternate citizenship in safer places by buying real estate, TheStar reports. Henley Estates runs a citizenship-by-investment program. The company has offices in South Africa...
Kenya Airways, one of Africa’s leading airlines, has said it will continues with its ongoing plan to increase its fleet despite new tax legislations that could...
Though government is now starting to talk the talk on helping business, it has yet to put local manufacturers in its procurement policies. It was about...
Japan told foreign ministers and senior officials from about 50 African countries on Sunday that it will steadily implement 3.2 trillion yen, or $32 billion, in...
The growth of the African economy is credit to innovations, however basic humanitarian values have the potential to stabilize the growth. “Business people need to balance...
Following a similar launch in Botswana last month, global workplace provider Regus has announced the opening its first center in Windhoek, Namibia, bringing the number of...
Nigeria now has the largest economy in Africa, the government announced on 6 April. With a gross domestic product of $500.9 billion, Nigeria should attract more...
Nigeria’s ICT sector has been able to attract about 30 billion US dollars, communication minister Omobola Johnson told CNBC Africa. Johnson noted that the huge investments...
Roll-out of content delivery networks (CDNs) by telecom operators has accelerated access to the internet for African users even though the vast majority of services are...
Beats founder and CEO “Dr. Dre” (Andre Romelle Young) with a pair of his iconic branded Beats headphones. PHOTO/Adam Hunger/Reuters Apple is orchestrating a US$3.2 billion...
Lawrence T. Williams (pictured), the Bank of Guyana governor since 2005, has died. He was 59. He died Wednesday, according to a statement from the central...
Following an agreement with Delta State, one of Nigeria’s largest oil producing regions, SkyPower, a Canadian power firm focused on solar energy projects, will be investing...
Africa needs to improve its regional and national deficits before it can increase investment from outside the continent. David Humphrey, head of power and infrastructure at...
Steward Bank, a subsidiary of Econet Wireless Zimbabwe, owned by Zimbabwean telecoms mogul Strive Masiyiwa, says it plans to drive its business to profitability in the...
Nigeria’s business community on Wednesday pledged $10 million for Safe Schools, a private-sector initiative to make schools safer, particularly in the terror-stricken northeastern region, according to World Bulletin....
General Electric (GE), in conjunction with Dangote Foundation, has announced a garages program in Nigeria in a bid to use technology as a means of building...
Creating jobs in the manufacturing sector may be the way to alleviate unemployment in Africa. “In order to create jobs we need to open up the...
While ministers struggle to prop up the cedi, a new wave of industrialists and tech entrepreneurs are providing an economic jump start of their own. Following...
Nigeria has helped Africa become the fastest growing payment traffic region in the world for the Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT has recorded...
The Word Economic Forum (WEF) has nominated 16 African companies as future global leaders. Drawn from a broad spectrum of sectors such as financial services, retail,...
Chief Executive Officer at Dangote Cement Plc, Devakumar Edwin says the pan-African cement giant plans to start operations in three African countries, Sierra Leone, Cameroon and...
Africa’s richest man, Aliko Dangote, has pocketed $706 million in dividends from profits made by his crown jewel, Dangote Cement in 2013. Dangote Cement PLC, which held its...
The pan-African banking conglomerate, Ecobank Transnational (Ecobank), is on the pathway to posting a correction in profit growth in the current financial year (2014), according to...
Drawing from statistics of Nigeria’s rebased GDP figures, information and communication technologies (ICT) and its sub-sectors are key drivers of Nigeria’s impressive economic growth. And more...
Two South Africans won $100,000 for their creation, the world’s first injectable regenerating bone-graft substitute, in a competition that rewards groundbreaking innovations in Africa, BusinessGhana reports. South...
History-makers seldom have an example to follow; they make a path for others to follow them. Taking on an industry that didn’t see people like her...
The Banco Nacional de Angola (BNA), Angola’s central bank, and five other banks in the country have adopted SWIFT’s Sanctions Screening, a cloud-based payment that filters...
The three JSE-listed platinum producers hit by a protracted strike action at their Rustenburg, South Africa, operations on Tuesday said the militant Association of Mineworkers and...
Africa has the world’s highest mobile broadband growth rates, according to the International Telecommunications Union (ITU). On Monday, the ITU announced that mobile-broadband growth in Africa...
Partners in the Grow Africa, a program by the World Economic Forum, NEPAD and the African Union, said it doubled its agricultural investment commitments from companies...
Nigeria needs approximately $35 billion to get to the government target of 40,000 megawatts by 2020, the Director of Finance and Investment at Heirs Holdings, Mr....
A joint venture comprising JSE-listed gold miners, Randgold Resources and Anglogold Ashanti and Congolese government, officially launched the $2,5 billion mine in the northeast section of...
Zimbabwe is outpacing the rest of Africa in mobile phone growth as adoption of handsets in the country has risen from 26% of households in 2008...
While Africa’s growth in mobile and internet access has been rising faster over the last decade than any other region of the world, the continent is...
World’s eighth largest exporter of crude oil and Africa’s largest economy, Nigeria, is now the biggest importer of kerosene from the United States, a new data...
Social media is rapidly ushering in a new era of opportunities globally; from cyberpreneurs, to a vast array of dollar spining bloggers, the opportunities it presents...
Seychelles and Madagascar have concluded a new bilateral air services agreement that would improve flight links between countries of the region, sources in Victoria disclosed on...
Nearly two-thirds of homes in 23 sub-Saharan African countries had at least one mobile phone in 2013, but when it comes to growth in device ownership, Zimbabwe is No....
A standardized contract process could aid in boosting Public Private Partnerships (PPPs) in Africa’s energy space. Africa Finance Corporation chief executive, Andrew Alli, said, “One of the...
Assmang, a metal company owned by Assore and African Rainbow Minerals (ARM), has signed a share subscription agreement to acquire 19.9 percent equity interest in Australia-based...
Africa’s development finance institution (DFI) sector has been a promoter of financial aid to address African credit market failure. “They’ve been playing a significant role in...
Kenya has revealed plans to build a “Textile City” in a bid to attract investments and create jobs according to Mohammed, the Industrialization Cabinet Secretary ....
African Development Bank plans to launch a $3 billion infrastructure fund to raise money to deliver on vital infrastructure on the continent. The money will be...
The pan-African financier, Blue Financial Services Limited (Blue Group), on Wednesday moved to clear the air about claims that the regulator, the Financial Services Board (FSB),...
U.S. firm Cobalt International Energy has discovered significant quantities of oil offshore Angola, state oil firm Sonangol said, calling the find the biggest so far in the...
Potential L.A. Clippers Buyers: Clockwise from top Floyd Mayweather, Oscar De La Hoya, Sean Combs (Diddy), Oprah Winfrey, Larry Ellison and David Geffen. PHOTO/Courtesy BBC As...
A comparative study carried out by Twinpine Networks, a premium mobile advertising network, contradicts popular opinion, as its recent research reveals that Nigeria’s older generation are more...
A request has been made for Namibia to waive the visa requirement for Jamaicans. The call was made by Jamaica’s outgoing Ambassador to Namibia, Norma Taylor...
Kenya Electricity Generating Company (KenGen) says it will collaborate with Qatari firm, Nebras Power Company to build a 500 megawatt gas power plant in Mombasa, the...
Aliko Dangote, CEO of the Dangote Group, believes that Africa needs to have strong institutions to combat corruption. Dangote advised, “One of the greatest obstacles apart...
Kenya’s audit firm, RSM Ashvir, says one of the youngest finance houses, Equity Bank, registered best returns on deployed assets. According to media reports, Equity’s returns...
In its recent report on global trends in Internet connectivity, the World Economic Forum found countries in Africa are still lagging many of their peers in other...
49 percent of all Tanzanian mobile money agents earn at least $100 per month in profits compared to just 40 percent in Uganda, according to a...
JSE-listed mobile phone operator, Vodacom, late on Tuesday said the $236.5 million deal to acquire an additional 17.2 percent stake in Vodacom Tanzania had been approved....
The St Lucia Employers Federation (SLEF) is calling for the revitalization of the agriculture sector which it says is key to reducing unemployment. “We have to...
African sugar producers on Tuesday sought ways to increase trade of the commodity on the continent to survive falling world prices and the end of duty-free...
The high cost of doing business in Kenya’s local textile industry is becoming a local and international investment deterrent. Rajeev Arora, executive director at Africa Cotton...
Jamaica’s Finance Minister, Peter Philips. PHOTO/File Portia Simpson-Miller administration on Tuesday hinted at the possibility of amending a controversial tax on bank withdrawals with the Prime...
African entrepreneur Aliko Dangote has been named among the top 25 people who have had the biggest impact on business in the last 25 years. The...
In a bid to unlock shareholder value, Fastjet, Africa’s no-frills airline, is re-arranging its Fly540 business to turn it into a lean and mean operation with...
Angola’s main port installed new cranes and provided more training to reduce its cargo unloading time by 80 percent as the government reviews a plan to...
Shareholders Friday gave their consent to the planned public listing of the Nairobi Securities Exchange (NSE) as the sale of the bourse’s shares to the public...
At a forum in Zimbabwe, the Institute for Sustainable Africa urged small-to-medium sized Zimbabwean businesses to introduce sustainable business practices in order to attract investment. According to...
The AGI (Association of Ghana Industries) is lobbying for Ghanaian companies to play a larger role in the economy through the creation of new financial institutions...
Holt Brothers Construction LLC today announced it has been awarded roles on three upcoming construction projects in the Raleigh area. Led by former N.C. State and...
Solar thermal energy projects are popping up around Southern Africa, and the largest potential for that market is solar thermal cooling, aka air conditioning. All it will...
Nigeria’s flag carrrier, Arik Air says it plans to extend flight operations to India, the world’s second most populous country, by offering direct flights to the...
If Kenya’s analog switch-off was to happen today, a large chunk of Kenya’s TV audience would be wiped out, throwing the advertising business into a tailspin. Although...
Six months after Nigeria introduced a new automotive policy – aimed at discouraging the importation of wholly assembled automobiles and encourage local manufacturing – early responder...
General Electric (GE)’s Global Vice-Chairman, John Rice will be in Abuja between May 7th – 9th as co-chairman at the 2014 World Economic Forum on Africa...
With a target fund of $300 million (about Sh480 billion), Mkoba Private Equity Fund—the first ever private equity fund in Tanzania—will be inaugurated tomorrow by President...
Learn Africa Plc. (formerly Longman Plc.) recorded an increase sales turnover of N2.2 billion ($14 million) at the end of the 2013 financial year, positioning it...
Vodacom Business Nigeria’s outstanding contribution to connecting and enabling enterprise businesses in Nigeria was recognized at the Beacon of ICT (BoICT) Awards ceremony held at the weekend in...
Apple is facing competition from the most unlikely places in the world. In Ivory Coast techies are coming up with local technology solutions for the Ivorian...
The total revamping of the country’s railway network would contribute to accelerated economic growth, Mr. Joseph King-Edu, General Secretary of the Rail and Allied Workers Union,...
South Africa’s biggest provider of unsecured loans, African Bank Investments Limited (ABIL), on Friday said it had become the secondary provider of credit to the clients...
Mauritius is the most ready in terms of exploiting the opportunities presented by information and communication technologies (ICT) in Africa, according to the World Economic Forum...
Africa’s richest woman, Isabel dos Santos, plans to increase her stake in Unitel, Angola’s largest mobile phone company. According to a report by Portuguese newspaper, Publico, dos Santos...
Innovative African university graduates have developed many new tech products in recent years, but they prefer to work in Western countries where there is more support and more...
Sudanese billionaire, Mo Ibrahim and Nigeria’s Finance Minister, Ngozi Okonjo-Iweala joined other global business leaders including Richard Branson, founder of Virgin Group, to push the need...
With a net worth estimated at over US$24bn (according to Forbes), Dangote made his billions with operations and investments in a range of industries across the continent,...
The race is on between Kenya and Uganda to become East Africa’s first commercial oil producer. Both countries plan to start oil production within the next...
Chairman of the Sugar Association of the Caribbean (SAC), Karl James, says after a slow start to the 2013/2014 sugar crop, the production of sugar in...
The Ethiopian government says the country’s economy will grow by 11.3 percent this year. Ethiopia’s economy grew by 9.7 percent during the 2012/13 financial year and...
London-based magazine International Banker has named Gideon Muriuki, Chief executive of Co-operative Bank of Kenya (Co-op Bank) as Africa’s banking CEO of the year, with the...
Nigerian Nam Mokwunye’s startup, PublicVine has been boosted by a $5 million investment as it readies for its June 6th 2014 global launch. The US-based platform...
Through investments in African agriculture, the continent has the potential to feed not only itself but the world. According to the World Bank, agriculture is essential...
Fine & Country International (West Africa), the regional arm of UK’s Fine & Country, has been awarded the “Gold Category” for Quality, Excellence and Customers Satisfaction...
Investment in infrastructure and natural resources will continue to underpin economic activity in sub-Saharan Africa. However, capital outflows sparked by tighter global financial conditions pose a...
Young Ethiopians are eager to benefit from the economic growth of the last few years. And since the market has so many opportunities, everyone seems to...
Mitzi Miller (pictured), has been named as the new editor-in-chief of the Ebony magazine According to Desiree Rogers, CEO of Johnson Publishing Company, Mitzi Miller “is...
Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen by...
Kenya has given Essar Energy the terms and conditions for the Indian firm’s exit from the Mombasa refinery owned by both parties after they failed to...
China-Africa trade has grown more than tenfold in the past decade with an estimated stock of over 20 billion US dollars. These revelations were announced at...
Sanlam Emerging Markets (SEM), a unit of South Africa’s second biggest life insurer, Sanlam, has acquired a 51 percent stake in Malaysian life insurance firm, MCIS...
ZESCO has signed a deal with Australia’s African Energy Resources to transmit power to Southern Province from the Aussie firm’s coal-fueled station in Botswana. The memorandum...
Kenya has been ranked as Africa’s fourth most sought after country for mergers and acquisitions, a Mergermarket report has said. “It’s driven by the growth rates...
Earvin ‘Magic’ Johnson Former Los Angeles Lakers great Earvin “Magic” Johnson is scheduled to speak at a scholarship fundraiser for students in Gary, Indiana. The Gary...
Sub-Saharan Africa attracted 1.6 billion US dollars of private equity investment in 2013, the highest in five years. The Emerging Markets Private Equity Association (EMPEA) noted...
There is renewed hope the three month strike in the platinum mining sector is nearing an end following a revised wage offer from mine owners. Three...
The recently signed memorandum of understanding (MoU) between Air Namibia and Turkish Airlines is expected to eventually result in numerous business and tourism benefits for Namibia,...
The Caribbean Community (CARICOM) Rapid Alert System for Information Exchange on Dangerous Goods (CARREX) will be the focus of the Seventh Meeting of Consumer Affairs, in...
BUA Group, Honeywell and Dangote Group, in conjunction with similar manufacturing plants across Nigeria, are generating more than 15,000 megawatts of electricity used by the companies...
The groundbreaking feat of Nigerian indigenous oil and gas company Seplat at its public offering where it raised $500 million has made investors bank on it...
One of Nigeria’s leading financial institutions, Fidelity Bank, has raised its lending to 50 percent by 2017 from 28 percent in 2013. “Our approach is total...
Kenya is now ranked Africa’s fourth most attractive country for Mergers and Acquisitions (M&A) demonstrating the country’s attractiveness. The attractiveness is largely driven by the country’s...
Kenya’s biggest bank by market share, Equity Bank, is poised to hand out more than 300,000 Near Field Communication (NFC) smartphones to restaurants, retail stores and...
Mining companies helped lift South African shares higher on Tuesday. This is after mining union members and executives from the world’s top platinum producers met to...
Kenya is rolling out free Wi-Fi across various towns in the country, but this initiative may not be enough to ensure digital inclusion, says an expert....
Earlier this year, sibling entrepreneurs John and Cris Carter: owners of Carter Brothers, LLC., in Atlanta, completed the acquisition of an electrical company that made the...
After rebasing earlier this month Nigeria became the largest economy in Africa, surpassing South Africa, but the west African country could also lose one of its...
While African governments and development partners are investing more in roads and rails infrastructure much more needs to be done for any meaningful socioeconomic impact to...
Kingston Harbor, Jamaica. PHOTO/File The Simpson-Miller administration expects to find a “suitable private partner” this fiscal year, to share the cost of the necessary improvements to...
Nigeria’s unprecedented economic growth rate, especially with data recorded in 2012 and 2013, has seen its economy surpass the combined average for BRICS (Brazil, Russia, India,...
State-run iron ore miner NMDC has devised a short-term strategy, which includes a small-scale mining and setting up of a minor processing plant, for its gold project in Tanzania. “A...
Strive Masiyiwa, founder of Zimbabwe’s biggest telecommunications company, Econet Wireless, is a firm believer in agriculture. He sees the sector as a lucrative investment focus for...
All across Africa startups are coming against several teething obstacles including difficulty in accessing financing for their ventures. But in recent years a number of funding...
“Where Deals Are Made,” the slogan of the Black Enterprise Entrepreneurs Conference + Expo, also includes the deal flow of angel investment. Returning to Columbus, Ohio,...
Following decades of political turmoil, Liberia has now set its sight on development and national recovery as evidenced by 10 years of unbroken peace. With peace...
Nigerian oil and gas firm, Seven Energy International Limited says it has secured a $255 million equity capital from multiple investors in furtherance of its plan...
Nigeria has become the fastest growing aviation business in Africa with more new and pre-owned aircraft delivery than South Africa as at 2013. This was disclosed...
Kenyan supermarket chain, Uchumi Supermarkets is inking final touches to an inaugural launch of an outlet in Kigali, Rwanda, as it seeks to consolidate a regional...
African banks are set to maximize on trade finance space left by European lenders due to tough capital requirements. However, bureaucracy and inadequate research are two...
Recent hotel developments in Africa indicate a divergence in activity as international firms move into the continent. According to Lagos-based consultancy W Hospitality Group’s 2013 survey,...
Telecommunications company Orange has registered its 10 millionth customer on its mobile payment platform, Orange Money. The French company surprised a customer who opened an account...
After a series of delays and technical problems affecting the whole value chain, the state-owned petroleum company’s new chief executive promises lift-off in July. Oil and...
Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated (ETI) has signed a 10 year partnership with e-payment service provider, Mastercard for the issuance of debit cards...
Analysts worry that Africa will become less attractive for exploration as states try to get more from the oil and gas sectors. Africa’s licensing regimes for...
Africa’s demand for bandwidth is doubling every year, outpacing the laying of terrestrial telecom fiber links and encouraging commercial satellite operators to launch more units into...
It is a painfully First World problem: Splitting dinner with friends, we do the dance of the seven credit cards. No one, it seems, carries cash anymore,...
Namibian Power utility, NamPower, is pursuing extension of Power Purchase Agreements with some neighboring countries in a bid to subvert power outages. The negotiations with South...
African living abroad are losing up to $2 billion a year in remittance ‘super tax’ when sending money back to relatives and friends in their home...
Rent-A-Center, Inc. has donated 65 Dell tablet computers to the Atlanta headquarters of 100 Black Men of America, a noted non-profit men’s civic organization dedicated to...
Kenya’s transition to a green economy could generate an estimated 45 billion US dollars by 2030 for the East African country. A greener economy could also...
Innovation in South Africa has become the trend, as local intellectuals are making headlines worldwide through technological development. The latest innovation has been introduced by Stafford...
Tanzania, Rwanda and Burundi are looking for an adviser to help them secure financing for a $4.13 billion railway project aimed at boosting cross-border trade in...
Serial entrepreneur and entertainer, Sean Combs will deliver Howard University’s commencement speech this year in Washington. The school announced Tuesday that Combs will be among 5...
A Hong Kong-based company has been granted a license for what would be a major new power project in Jamaica, the island-nation’s energy minister announced Tuesday....
Kenya is set to begin the Mombasa-Nairobi standard gauge railway construction as soon as funds needed to start the project is released by China from a...
Savannah Fund, a Nairobi-based venture capital Fund, has made another round of investment in three African startups – Ghana’s BIGxGh, Nigeria’s UniSmart and Zevan Limited from...
For centuries, colonial-era merchants tussled for access to Africa’s raw materials, and huge swathes of Africa’s geography became synonymous with the main commodity they exported: Gold...
Technological products and services provider, Dimension Data has consolidated its presence in the West African market by opening an office in Ghana after over 10 years...
Using solar energy initiatives, the Zimbabwe Resources Foundation has given solar kits to 100 women entrepreneurs in various communities in Manicaland. The kits include solar panels,...
Indigenous oil and gas firm, Seplat has spurred the Nigerian Stock Exchange (NSE) market capitalization by 2.23 percent, following the launch of its IPO. Seplat’s IPO,...
African agribusiness sector worth about $313 billion currently and providing for more than 70 percent of the jobs on the continent could triple in value by...
South African lawmakers are in the process of enacting legislation that will seek to increase the involvement of black citizens and women in the economy. With...
Somalian business leaders urged its government to create a clear firm legal framework that will drive investment into the country. Somalia’s government reassured the business community...
The City of Johannesburg is at work to transform itself into an economy of the future, the city’s mayor Mpho Parks Tau has said. “We’ve done...
Following the recent GDP rebase which saw Nigeria displace South Africa as Africa’s largest economy, global financial rating firm Moody’s has forecast exponential growth in Nigeria’s...
In line with its prospects of acheiving regional transportation hub status, Tanzanian President, Jakaya Kikwete says his country’s plans to hike its cargo volumes by 40...
The Johannesburg Stock Exchange revealed that its new brand launched today is meant to illustrate a modern African marketplace. “The revitalized brand follows on from an...
Kenya’s energy regulator cut the maximum retail price of a liter of diesel and kerosene till mid-May but raised the price of a liter of petrol...
Can investors get rich by backing Nigerian agriculture? An increasingly loud chorus of voices say that answering this question may be the most pressing challenge facing...
Construction companies in sub-Saharan Africa are moving beyond mainstay mining work as rising wealth and urbanization spark demand for shopping centers and better roads, the chief...
88mph, a high-tech startup accelerator with offices in Nairobi and Cape Town, is branching out to a third African country later this year when it begins...
As young pitchmen shout to potential passengers over blaring music, a graffiti-covered private minibus fills up more quickly than the other dozen in the scrum. It...
Africa hardly impacts global fixed line broadband user numbers but that could change in the coming years. This is according to broadband research by UK-based Point...
Egyptian billionaire Naguib Sawiris wants to invest up to $2 billion in Telecom Italia if its biggest shareholder Telefonica pulls out of the Italian group, a...
In February last year, Rwandan techpreneur Akaliza Keza Gara was chosen from a list of nominees to represent her region (East Africa) at the Microsoft 4Afrika...
The World Bank has voiced concern about what it described as the exorbitant cost of sending remittances to the Caribbean and other places, saying that forcing...
Some 38 years after winning its fight for independence, Mozambique is still battling to get its property market in order. Today, it faces a new challenge:...
Globacom has showered 53 high-end vehicles and other prizes on its trade partners responsible for distributing Globacom’s products and services across Nigeria. The prizes, which were...
For centuries, colonial-era merchants tussled for access to Africa’s raw materials, and huge swathes of Africa’s geography became synonymous with the main commodity they exported: Gold...
South Africa’s automotive industry will see several firms investing over 71 million dollars in setting up plants and expanding operations. “Toyota SA would be investing approximately...
Nigeria’s interminable focus on fortifying its oil and gas sector could hamper its chance to diversify the economy. This is according to the 2014 Economic Report...
More Africa-owned private equity funds and financial service institutions can help the continent reduce the amount of capital flight to foreign countries seeking investments, the Executive...
The European Union (EU) says it will invest €28 billion ($38 billion) in Africa over a period of three years, as it plans to strengthen economic...
Five years ago, as world spot gold prices began an unprecedented rally to around $1,900 an ounce in late 2011, poor cocoa farmers woke up to...
Upcoming entrepreneurs in East Africa have been given a gleam of hope after the announcement of a 20 million dollar fund. The fund, named the Novastar...
Safety and security, as well as the high cost of flying, are key obstacles Africa’s aviation space continues to grapple with. “Airlines are commercial entities, and...
South Africa, Nigeria, Rwanda, Kenya are among the pioneering countries in which businesses have successfully tapped into the retail industry. While many investors are taking the...
United Bank for Africa (UBA) has decided to slow down on its aggressive expansion across Africa with the aim of consolidating operations in 19 different countries,...
The private sector and government seized on the hosting of the 11th conference and exhibition of the African Fine Coffees Association (AFCA) in Bujumbura on 13-15...
Ghana National Petroleum Corporation (GNPC) is in talks with Royal Dutch Shell over an exploration and production deal in the offshore East Keta basin, GNPC’s chief...
Ethiopia’s leading private oil marketer plans to expand into neighboring east African economies and is interested in part financing a refinery after commercial discoveries in the...
Nearly a third of Kenyan enterprises view the implementation of cloud services and expansion of existing cloud infrastructure as a priority for the future, according to...
The market for luxury goods has increased worldwide in the last 20 years and African products have entered into that niche. According to consumer research company...
Small and medium-sized enterprises in Africa are crying out not just for financing but also management and operational expertise to enable them to grow a regional...
Improving science and technology training and modernizing services could help boost Africa’s economic growth prospects, says the World Bank. The World Bank on Monday said economic...
Nigerian oil and gas firm Seplat has offered 26.4 percent of its shares in a combined market debut in Lagos and London that values the group...
St Lucia is giving consideration to an economic citizenship program. St. Lucia’s Prime Minister Kenny Anthony said the introduction of a citizenship by investment program would...
Aliko Dangote – Founder and Chairman Dangote Group Nigeria’s biggest company by market capitalization, Dangote Cement, expects to double its cement production capacity across Africa this...
Carlo Lekea, a nattily dressed 22-year-old resident of Kinshasa, has just created the Democratic Republic of Congo’s (DRC) first mobile phone application. The app is a...
The Finance Ministry here and the Japan International Cooperation Agency (JICA), last week signed a $3,696,858 grant equivalent to Tsh 6 billion for the agricultural sector...
Oando Plc, Nigeria’s leading indigenous oil and gas operator, has sold its gas subsidiary business, East Horizon Gas Company to (EHGC) to Seven Energy, one of...
A real estate boom is a natural byproduct of emerging market growth via rapid urbanization and expanding middle classes. As growth moderates, particularly as seen in...
Transferring cash between West African neighbors Ivory Coast and Burkina Faso could become easier thanks to mobile giants MTN and Bharti Airtel inking a mobile money...
The coffee sector is beginning to resemble the wine market, with buyers willing to pay a premium for crops that reflect local climates and harvesting techniques....
South Africa is becoming more attractive to foreign investors in an increasingly globalized world, but a lot need to be done to increase competitiveness in the...
International companies planning to enter the African market will fall short if they fail to consider the culture of the environment. According to the World Bank,...
Digicel has renewed its mobile license in Jamaica. The operator has secured a 15-year licence for provision of mobile services on the local market. The new...
Nigeria’s booming telecoms sector has helped cement the West African nation’s status as Africa’s largest economy. On Sunday it was announced that Nigeria had overtaken South...
Maintaining local ownership of South African companies is the best way to boost economic growth, said Elias Masilela, who heads a fund manager that holds shares...
Sub-Saharan Africa’s economic growth is set to hit 5.2 per cent, up from 4.7 per cent, the World Bank has said. “This performance is boosted by...
Experts at Rockefeller Foundation estimate that Africa’s online job market is could be worth $5 billion by 2015 making it one of the most lucrative source of...
Nollywood, Nigeria’s homegrown film sector, has been identified as being among industries which boosted the West African country’s GDP to $510 billion, making it Africa’s largest...
With $27 million in revenues last year, W3R Consulting is one of the larger black-owned IT firms in the nation. The 19-year-old Southfield, Michigan-based company provides...
Kenya Airways 787 Dreamliner. PHOTO/Boeing Kenya Airways, Africa’s forth largest carrier has acquired the Boeing 787 Dreamliner. The 787 will form the backbone of the airline’s...
The Kenyan banking sector has been more resilient on stock performance compared to its Nigerian counterparts. “The reason why the Kenyan banks stock price share performances...
Proflight Zambia and Fastjet have partnered in a move to allow easier travel between 15 destinations across Zambia, Malawi and Tanzania. “We have strengthened our partnerships...