Jamaica’s Finance Minister, Peter Philips. PHOTO/File The Portia Simpson-Miller administration in Jamaica has presented a J$539.35 billion (US$4.9 billion) to parliament with debate on the fiscal...
The sun sets with droves of residents in Lagos, Nigeria’s economic capital, struggling for transportation to various destinations across the over 20 million peopled city. Some,...
Kenya’s beer market continues to thrive and improvements to the country’s local brands have turned them into the more favoured tastes. “Generally we’re seeing one...
Africa’s private equity scene is looking more and more attractive to global investors seeking higher returns from riskier assets on the continent other than traditional debt...
Thuraya, a leading mobile satellite service operator, has signed an agreement with telecoms company, Airtel to provide mobile satellite products and services to telcos customers in...
Ghanaian investment firm Databank Financial Services has announced the launch of the Africa Agricultural Fund (AAF), a private equity fund established to finance the agricultural sectors...
A new Ghana-based startup wants to give small African businesses a leg up via an online portal that provides tools and resources for financial management. While...
British firms have justified their investments in Kenya by raking in mega earnings in the year ending 2013, with investors holding significant stakes in Nairobi Securities...
Private equity and venture capital is one asset class that is still grossly misunderstood in African economies. This is according to Michelle Essomé, CEO of African Private Equity and...
Total returns on South African retail, office and industrial buildings reached a six-year high of 15.3 percent in 2013, making South Africa the most lucrative commercial property...
Rap Genius was made by two white guys. That fact alone should get the wheels turning in your head about why a startup funded to the...
The Inter-American Development Bank (IDB) says it committed US$2.8 billion for projects that address climate change, sustainable energy and environmental sustainability in Latin America and the...
Zimbabwean users of the mobile money platform, EcoCash, are now able to access urgent loans of up to $500 using their cellphones. With over 3 million...
Kenya is fast becoming the main African hub for global technology companies because the country is getting its IT skills training right. This is the view...
Key stakeholders in Nigeria’s sugar industry are said to ramp up investment to the tune of $2.6 billion following a significant increase in demand. Sugar demand...
Kenya will offer new oil blocks to investors before the end of June after discoveries by Britain’s Tullow Oil in the East African country and neighboring...
(PRNewswire) – Austin, Texas – Ben Slayton (pictured), an entrepreneur extraordinaire, has created the first publication of its kind, Mortgage Compliance Magazine, that provides Presidents, CEOs,...
Climate Innovation Center (CIC), a clean technology revolution, has started operations in Ethiopia and is expected to deploy and develop climate friendly technologies. Spearheaded by Infodev,...
THE development of African stock exchanges to accommodate the growing demand for capital received a boost on Tuesday with the appointment of South Africa’s software company...
Nigeria’s federal government is planning to reduce the cost of internet enabled mobile phone so as to get more Nigerians connected to the internet. Omobola Johnson,...
Regus, a multinational corporation that provides flexible workplaces and serviced office accommodation, has opened its first center in Gaborone, Botswana, creating new business opportunities within the...
Millions of East Africans consume unsafe amounts of the carcinogenic fungus, aflatoxin, daily through their food. Aflatoxin poisoning in East Africa has become an epidemic, particularly...
The Republic of Sierra Leone has conducted talks with Mubadala Development Company on investing in the country’s mining sector. “Mubadala is a potential strategic mining partner...
Ghana’s central bank kept its benchmark interest rate unchanged to help support growth in the West African economy after tightening monetary policy at an emergency meeting...
ARM Cement Limited, Kenya’s second-biggest cement producer, said on Tuesday it expects profits to grow again this year. This is after it posted a 12 per...
Rwanda’s Tigo will invest a million dollars into its tech business incubator Think as part of its broader innovation and digital strategy. “What the idea behind...
The Internet’s contribution to Africa’s economy is 3.4 times lower than that of the developed world but its uptake of mobile is 3.4 times greater, according to...
British companies are quite keen on investing in Zimbabwe, but a perceived lack of respect for property rights and an uncertain business environment remain drawbacks, a...
Sim Shagaya, CEO of Konga, Nigeria’s leading e-commerce platform, has identified electronic commerce (e-commerce) as a very important driver of Nigeria’s Gross Domestic Product (GDP). Speaking...
Despite the global private jet market suffering severe blows in the 2008 economic crisis, Africa’s private jet charter industry still grows. According to Brazilian aircraft...
The African Export-Import Bank (Afreximbank) said on Tuesday it was in the second phase of a $1.9 billion financing for Kenya Airways, providing funding for 10...
Bahamas Prime Minister Perry Christie has welcomed the liberalization of the telecommunications sector saying “Bahamians would for the first time have competition and competition breeds greater...
The rivalry between Kenya’s top two telecommunications companies, Safaricom and Airtel may finally come to an end if the stringent conditions set by sector regulator,...
Leading online payments company, Interswitch Transnational has inked a deal with Western Union, to introduce an account-based money transfer service (“ABMT”) into the Nigerian market. In...
Nigeria’s Diamond Bank has seen its Profit After Tax (PAT) grow 29 percent in 2013, soaring N6.4 billion ($38.8 million) from 2012 figure of N22.1 billion...
South Africa’s telecoms regulator can go ahead with planned cuts to mobile interconnection rates, a court ruled on Monday. The decision threw out a petition by...
One of Nigeria’s foremost gas processing firms, Seven Energy, has initiated negotiations with 10 power plants over the possibility of supplying gas, in a move which...
When South Africa successfully gave businesses incentive to manufacture solar panels, other African countries were watching. Solar panel manufactures have since popped up in Mozambique, Ghana,...
Vodafone brought the mobile money service that has revolutionized banking in Africa to Romania on Monday, offering M-Pesa text-message transactions to millions of customers in...
After years of struggling to make their living growing coffee, smallholder farmers around the Mt. Kenya region are shifting their focus to bananas and investing in...
Kenya will progressively get another 280 MW to feed the electricity starved country, as the latest of the geothermal plants at Olkaria, located at the foot...
Over the past year, Los Angeles Lakers guard Kobe Bryant has been studying how to be a businessman. He has met with executives at Twitter and...
The eruption of fighting in South Sudan brought East Africa’s political crises into sharp focus at a time of optimism about the region’s economic take-off. Undaunted,...
Angel Fair West Africa has begun with the aim of bringing techpreneurs and active investors together to do deals. “The Lagos Angel Fair Network is a...
The Minister of Lands and Natural Resources, Alhaji Inusah Fuseini, has advised that his government is ready to partner with any investor who will assist the...
The African woman has always been a mother and a keeper of the house, but she was nothing more other than ‘maker’ of children. Largely stereotyped...
When hopping on a plane it is understandable that you might carry a few personal belongings with you: a toothbrush or some bed socks, a little...
With focus shifting away from developed markets, Africa’s emerging markets brim with opportunities and potentials capable of sustaining continuous economic growth and high yield for investors....
Beer maker SABMiller Namibia will focus on three strategies core to its operations: effectively managing the economic, social and environmental impacts of its business on host...
The Zambian government plans to engage mobile phone operators and internet service providers on the development of safety features and tools appropriate for younger internet users....
The Africa Group (TAG), a US-based boutique advisor and venture capital investor, has acquired a 25 percent stake in Telemed Medical Services (Telemed), an Ethiopian engineering...
Kenya-based I&M Bank Group recorded a profit of 20.8 percent profit after tax in the year ending December 2013, with earnings rising from the Sh4.12 billion...
World Bank has approved a Sh17.5 billion ($203.5 million) loan geared towards the reconstruction of Kenya’s Jomo Kenyatta International Airport (JKIA) arrivals terminal which was destroyed...
A Kenyan based startup incubator, Nailab, has launched a mobile crowd-funding platform Babandu hosted by the 1%Club site to assist local entrepreneurs to access cheap non...
Excelsior Group’s Foundation and the Kenya Association of Private Hospitals (KAPH) have reached an agreement to improve healthcare accessibility for 30 percent of Kenya’s population. Private...
Africa’s demand for beer has overtaken that of a number of developed markets, signalling an opportunity to invest in the growing thirst. “Based on future demographics...
As part of its 4Africa initiative, software giant, Microsoft Inc. has launched its “MySkills4Africa” training program which will help equip about 200,000 African professionals with technical...
Data from this year’s Anzisha Prize applications reveal a potential shortage of young entrepreneurs, particularly women, in North and Central Africa. While 55 percent of the...
With the swagger of a new generation, Shoreline swept up former Shell assets in 2012 to join the vanguard of nigeria’s indigenous upstream revolution. Kola Karim, Group...
The US Senate Subcommittee on Africa is set to kick-start discussions on President Barack Obama’s proposed $7 billion Power Africa initiative, aimed at developing the continent’s...
An African woman can make her mark in South Africa’s historically male-dominated mining industry. That’s what mining magnate Daphne Mashile-Nkosi said last week in Geneva when she...
At least three African nations are looking to add nuclear power to their grid. Kenya and Nigeria want to establish nuclear energy, and South Africa, the...
The bank’s business model, based on unsecured loans and low-cost transactions, has proved successful as it seeks to attract the unbanked population. Blowing up in growth,...
The Nigerian Senate has confirmed Godwin Emefiele as the country’s new central bank governor. According to a statement released by Standard Bank, Emefiele will assume office...
African hotel booking website Jovago has launched in Kenya and Senegal as it seeks to bring hotel booking services closer to customers across Africa. The company...
The Ethiopian Chamber of Commerce and Sectorial Association (ECCSA) has launch business academy to help improve the business culture in the country by training youth and...
On June 16, 2014, Government and leaders in Nigeria’s automotive industry will gather in Lagos to discuss the opportunities presented by the new automotive policy the...
National power utility, Eskom has appointed Collin Matjila as acting chief executive, with effect from 1 April 2014. Matjila, currently a member of the Eskom...
International humanitarian organisation Rockefeller Foundation has announced a $3.8 million grant to facilitate completion of a mini ICT park to be located in central Accra, Ghana....
Founder and Chairman of The RLJ Companies., Robert L. Johnson Robert L. Johnson, Founder and Chairman of The RLJ Companies and Chairman of RLJ Credit Opportunity...
Ask 10 people what big data is and you’ll get 10 different answers. Big data is not about technology, it’s about you and what you want...
A majority of South African online shoppers are not convinced about the security of online shopping. This was revealed in a report titled “MasterCard Online Shopping...
Standard Chartered (StanChart) has displaced another UK bank, Barclays to become Kenya’s third most profitable bank, overtaking Barclays in profit earned for the first time in...
The Nigerian Communications Commission (NCC) has said it cannot transfer or allocate to mobile subscribers the N647 million ($3.9 million) cash penalty it imposed on three...
Ghana’s annual producer price inflation rose sharply for a second month in February to 27.1 percent year-on-year from 23.3 percent in January, due mainly to utility...
Nigeria’s First City Monument Bank (FCMB) Group plans to invest $200 million in the country’s power sector as it seeks to support private investors in the...
With the general instability of the global economy, corporations like to play it safe; Walmart is an example of a multinational which is making a bold...
Herman J. Russell purchased his first property in 1946—a vacant lot where he later built a duplex. Over the years, he would acquire and develop numerous...
Upgrades at Tema mean that a rig services industry can develop, while the port at Takoradi will grow to compete for regional trade. The Ghana Ports...
The South African billionaire, Patrice Motsepe, has added over R8 billion ($742 million) to his $2.7 billion fortune after his R200 million ($19 million) investment in...
African capitalism and the mobilization of Anglophone and Francophone business communities came under the spotlight at the 2014 Africa CEO Forum, which came to a close...
Nigeria held its first Monetary Policy Committee (MPC) meeting after the suspension of central bank governor, Sanusi Lamido Sanusi. The acting governor of the central bank,...
Investment management firm, Kagiso Asset Management defied South Africa’s low economic growth dynamics to invest in Standard Bank and FirstRand, acquiring 8 percent and 7.9 percent...
Ethiopia’s National Council has announced that the Grand Ethiopian Renaissance Dam (GERD), currently being constructed over the Blue Nile, would start generating 700 megawatts of electricity...
At Meskel Square, in the heart of Addis Ababa, traffic is even more chaotic than usual as cars, buses and pedestrians weave around the 5.5m-high pillars...
Three United Bank For Africa (UBA) subsidiaries, UBA Burkina Faso, Cameroon and Senegal have emerged World’s Best Emerging Market Banks in Africa, according to the Global...
Standard Chartered Bank of Kenya expects east Africa’s burgeoning middle class to drive growth in 2014 after it recorded a 16 percent rise in 2013 pretax...
Oprah Winfrey’s three-year-old cable channel – The Oprah Winfrey Network (OWN) is moving to a new office space on The Lot in West Hollywood later this...
Ethiopian Airlines is holding negotiations with the government of the Democratic Republic of Congo (DRC) on the establishment of a new start up airline in Central...
Nigeria is Africa’s highest oil-producing country but Nigerians are among the continent’s lowest consumers of liquified petroleum gas, opting instead to use wood, and kerosene —...
In line with the latest bout of investment sprouting into the continent’s profitable off-grid solar energy market, United States’ biggest solar energy firm, SolarCity Corp. has...
The single-largest investment and business opportunity in Africa will be its rising consumer market, KPMG has said. “Africa is fast becoming a consumer continent and very...
Wind farm located at the Ngong Hills near Nairobi, Kenya. PHOTO/File The construction of Africa’s biggest wind power project – the Lake Turkana wind power project...
The project and its financiers signed agreements for the sum, paving the way for the start of the 623 million euro project, the largest single wind...
Nigeria and Namibia have announced a joint oil refinery to maximize cooperation in energy sector. The announcement was made during the two-day official visit of President...
Emerging markets (EM) are struggling to finance their economies now that global capital is heading back to the United States, where the gradual ending of cheap...
Black Enterprise will host its first Driving Innovation Hackathon presented by Toyota, where technology and creative minds will come together to build tools that demonstrate the...
A leading Chinese- Zimbabwean joint venture is on track to complete a massive facility upgrade with 5 million US dollars invested by the Chinese share holder,...
Nigerian industrialist Aliko Dangote’s cement business has been flourishing elsewhere in Africa and the Senegalese project, first conceived four years ago, was due to start production...
By Zibusiso Mkhwanazi, CEO of AVATAR When does the mind set of an entrepreneur start to develop? In the world of information technology there are many thirteen-year...
Unprecedented growth rate in emerging markets have shifted focus away from world economic giants who have been shunted by economic crisis slowing growth in the BRICs...
Nigeria plans to introduce private investors into the transmission business of its power industry, according to prof Chinedu Nebo, the country’s Power Minister. During a chat...
The idea of Japanese consumers eating sushi exported from a tiny African country with no coastline may sound improbable, but the kingdom of Lesotho is pulling...
In the past two years, private equity deals solidified in Kenya have doubled, according to a Capital FM report. As outlined in the article, an East Africa...
Officials in Puerto Rico say the US island territory aims to position itself as a key air transportation centre in the Caribbean, taking advantage of growth...
UBA Kenya Bank is considering listing on the Nairobi Stock Exchange as it firms its foothold in the local market. Managing Director/CEO Tunji Adeniyi said the...
Equatorial Guinea. once among the poorest countries in the world, is attracting workers from Africa, Latin America and Europe due to its booming gas and petroleum...
Despite Africa’s rich oil and gas reserves, environmental concerns and the high cost of the infrastructure needed to extract and refine hydrocarbons are driving a push...
A new generation of business leaders are investing in Africa’s capacity to manufacture cars, process minerals and build equipment. Some governments are now looking for ways...
One of Nigeria’s top sources of Foreign Direct Investment (FDI), China invested $1.79 billion in the West African country last year, according to Chinese Consul-General, Mr...
Pan-African bank, Ecobank Nigeria Ltd and global payment services giants Western Union yesterday announced a deal that would make it possible for the bank’s account holders...
The management of Ghana Gas Company has announced that the country will commence gas processing for both industrial and domestic consumption at its Atuabo gas processing...
Despite being ubiquitous in Africa, mobile phones are often neglected by businesses as a marketing platform, possibly due to their complexity, according to a report in ITWebAfrica....
Kenyans have confidence in mobile transactions by their banks amidst lowering confidence in customer care. This is according to a new report by audit firm Ernst...
Robert L. Johnson, Founder and Chairman of The RLJ Companies RLJ Entertainment Inc., has reported results for the fourth quarter and full year ended December 31,...
Nigerian spend up to 448 billion naira ($2.6 billion) every month on mobile phone’s recharge cards making it the most expensive item on house hold budgets,...
As South Africa’s biggest post-apartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and many of those affected...
Construction of the Grand Ethiopian Renaissance Dam. PHOTO/File Ethiopia is on track to generating electricity within 18 months from what will be Africa’s largest power plant....
According to Nigerian National Petroleum Corporation, Nigeria lost 3000,000 barrels of crude oil per day or 109.50 million barrels in 2013. The Nigerian National Petroleum Corporation...
Botswana retailer Choppies Enterprises has made swift plans to expand into other African countries as its brand continues to thrive. “Choppies’ organic growth in both Botswana...
High quality software development is possible on the African continent but it needs to be encouraged and promoted. “The key thing to remember is, especially here...
Softcom Limited, a Nigerian-based IT solutions firm, in collaboration with Phillips consulting, has announced plans to introduce its educational tablet, KNOWLEDGETAB, to the public, following a...
Nigeria’s technology startup scene is heating up with more pitching competitions and incubators being launched this year, but experts say key challenges hinder innovation in the...
The UAE and Ethiopia have held talks on joint investment projects in Ethiopia’s industry, agriculture, food processing, tourism, renewable energy and mining sectors. The intensive talks...
South Africa’s first and only known black billionaire (in dollars), mining magnate Patrice Motsepe plans to get into the financial-services business, according to FinancialMail and Bloomberg reports....
While colonialism has been ousted from Africa, many argue that multi-national corporations based in far-off capitals practice economic colonialism with developed nations using economic power and...
Illegal mining is posing severe challenges to mining communities in Ghana. The unlawful practice is gradually shifting to restricted forest areas with dire consequences to the...
Co-operative Bank of Kenya reported on Wednesday a 9 percent rise in pre-tax profit for 2013 and said it expected better growth this year thanks to...
China’s enduring importance for Africa was strengthened again in 2013, when trade between the globe’s most populous country and the African continent soared to a record...
Kenya says it has opened its doors to Ethiopian companies to trade on the Nairobi Securities Exchange (NSE), as a way of encouraging the East African...
When it comes to personal mail delivery from the air, Africa may already have beaten Amazon’s Jeff Bezos, who announced plans in December for 30-minute delivery...
As Gem Diamond’s flagship Letšeng mine, in Lesotho, continued to perform well during the year to December, the London-listed diamond miner was gearing up for commercial...
Christine Martey-Ochola, Ph.D., has a diverse career that one just can’t confine to limits. “I’ve been trying to find a box to fit in, but I...
Businessmen and policy-makers at the Africa CEO Forum in March agreed that in addition to focusing on major national companies, SME networks need to be strengthened....
Zimbabwe’s safari industry has set a target of $85 million revenue inflow for the 2014 hunting season. However, questions remain if this is attainable, as the...
The Bahamas has moved up an internationally-renowned ranking of global financial centers. According to the report, the Bahamas has risen to spots in ranking to 65th...
Situated on the westernmost tip of Africa, Senegal is a country that has long been associated with European and transatlantic trade due to its geography. Colonized...
Investments in other African countries are starting to pay off handsomely for some South African companies, such as banks, which earned R5.1bn from operations on the...
Earlier this year, the Nigerian government began a collaboration aimed at boosting the access of electricity in the country. In 2013, Notore Power Limited signed an...
Nigeria’s agriculture sector could provide major job and investment opportunities for women, and continue to dominate non-oil sector growth. “The agriculture sector has been opened...
Rwanda and Nigeria are Africa’s most promising markets for global retailers, according to consulting firm A.T. Kearney, as foreign investors look at all corners of a...
The consumption of luxury goods in Africa is expected to grow considerably as expensive brands make their way into the continent. “The potential of growth on...
In South Africa, 83% of consumers believe that established brands are the best, compared with an average of 38% of consumers in developed markets, and 67%...
John Harmon (pictured), the current president of the African American Chamber of Commerce of New Jersey has been appointed chairman of the National Black Chamber of...
Guernsey-based Cahill Energy is delighted to announce it signed a historic agreement with the Barbados government on March 15th, 2014 to build and operate a leading...
Low income Kenyans are forgoing important expenses to purchase prepaid mobile airtime while they are also paying more for telecom services than their postpaid counterparts. This...
Stanbic Bank Botswana, a subsidiary of South African headquartered Standard Bank Group, has launched sales application tablet technology, through Apple’s iOS software platform, to help sign...
2013 was a difficult year for the five BRICS countries. China and Brazil faced slowing growth, South Africa and India were hit by currency instability, and...
On paper, South Africa’s long-term energy plans look solid, with coal, nuclear, gas and renewables all viable options. But none are likely to prevent potentially crippling...
Field Marshal Abdelfatah al-Seesi, the army chief who ousted the freely elected government of Egyptian President Mohamed Mursi and the Muslim Brotherhood, flew to the United...
Ghana has been urged to invest in railway transport as the best alternative means to support urban transportation in the country. Mr Joseph Katende, the Regional...
US based solar energy solutions firm Magic Bridge Energy has announced plans to set up shops in Kenya and invest solar power systems in schools and...
In the last decade, the use of technology has contributed enormously to growth story of sub-Saharan Africa’s economies. Technology has opened Africa to new vistas and...
Industrialist Manu Chandaria urged Kenyan businesses to venture into the Ethiopian market in order to reap big from one of the fastest growing economy globally. “Ethiopia...
Martin Udogie is a trainer and a media personality with a peculiar story. After blazing through his academic pursuits, and graduating with First-Class in Business Administration,...
Zambian mines are still operating profitably despite the fall in copper prices but could be threatened if the price dropped below $5,000 per tonne, Mines Minister...
Oil exploration is the real deal in Kenya at the moment, as exploration companies have struck black gold repeatedly in recent times. The latest find was...
Africa’s investment space has remained largely active in recent days, as the continent continues to lure foreign and domestic investors seeking high yields and newer market...
Credit Suisse Group AG is deploying investment bankers to woo African entrepreneurs as the second- biggest Swiss bank tries to build its wealth-management business on the...
Ecobank, whose rapid expansion to 35 African countries was considered by some to be the Pan-African Dream, needs to devote as much attention to governance as...
Twenty countries in sub-Saharan Africa are categorized as resource-rich by the International Monetary Fund, but while African soil holds immense riches, the continent’s resources remain woefully...
Aviat Networks, an expert in microwave networking solutions, has announced an expanded managed services agreement with MTN Nigeria. Aviat Networks will manage the flow of material...
The World Bank is likely to approve $73 million next week to fund an expansion of the Inga hydroelectric dam in Democratic Republic of Congo, a...
(Businesswire) – Phoenix, Arizona – www.CulSire.com is an online platform for Black/African-Americans to receive information, promote businesses, make connections and unite nationally through knowledge. CulSire’s number one aim...
In an effort to add value to the Nigerian construction sector Dangote Cement has finalized plans to upgrade its cement grade. Many believe that the...
Fixed line, mobile and internet provider Uganda Telecom (UTL) has appointed a new chairman and three board members following years of uncertainty at the telecoms company....
Nigeria is leading a stout fight against oil theft and corruption on an institutional level and boasts crucial accountability bodies. “We’re coming from a history in...
Robert Riegle is senior vice president for business development at Academi, a Virginia-based company that deals with providing security services in high-risk areas around the world....
Despite former central bank governor Lamido Sanusi’s ousting, his reforms and frameworks continue to keep the economy in check. “Sanusi could easily be described as probably...
South Africa’s current account deficit decreased more than expected in the final quarter of 2013. This was due to the fact that exports outpaced imports to...
South Africa’s parliament passed changes to its main petroleum law giving the state a stake of 20 percent in new gas and oil explorations. The bill...
The board of Ecobank removed its chief executive, Thierry Tanoh, on Tuesday following months of turmoil at one of the biggest financial institutions in sub-Saharan Africa....
Over 2,715 schools across Nairobi County are set to benefit from free internet connectivity following a move by Wananchi Group, Kenya Education Network (KENET) and the...
From apps to fight rising crime levels to e-learning tools for pre-school and up, the World Bank says a prodigious talent and a depth of ideas...
South African Airways’ (SAA) executives are caught between their continental ambition and lack of cash. Technically insolvent, SAA is reliant on a R5 billion ($443 million)...
Africa’s frontier stock markets spoiled investors in 2013. Ten African share indexes posted returns of 25 percent or more during the year. And four gained more...
Zakes Hadebe’s minibus taxi has nearly half a million kilometers on the clock, a broken speedometer and a fuel gauge he struggles to keep just above...
A wind of change is sweeping across Kenya’s telecom sector. This is due to reports that Orange Group, the majority owner of Telkom Kenya, just like...
Sean Combs, the hip-hop mogul now known as Diddy, has bid about US$200 million for the FUSE cable-TV channel, said 3 people with knowledge of the...
(CNN) — Too lazy to have a shower? Worry no more, there’s a lotion for that. DryBath is a germ-killing gel that allows you to take...
On a sweltering morning in West Africa’s largest port, an official from a Swiss company watched as a container lifted from a ship was transported towards...
The seaports and rail system of South Africa play an important role in the economies of not only that country, but those of neighboring landlocked members...
Ratepayers in Zimbabwean capital Harare can now pay their city council bills using mobile money service Telecash. This is according to the country’s second largest mobile...
More Nigerians are becoming very wealthy. According to a new report by New World Wealth, Nigerian millionaires will jump by a whopping 47 percent in the...
It’s a common enough scenario in Nigeria and across Africa: how to get rid of pesky mosquitoes whose buzzing disturbs sleep and whose bites can carry...
Reginald Mengi, the Founder and Chairman of the IPP Group. PHOTO/File Tanzanian entrepreneur Reginald Mengi, who also happens to be one of Africa’s richest men with...
Ivory Coast agro-industrial group Sifca, part-owned by Singapore’s Olam International and Wilmar International, will invest 35 billion CFA francs this year to diversify in West Africa,...
Traditional mobile money transfer companies in Kenya could be headed for tight competition if other large volume traders are given licences to enter the field. Kenya’s...
Technology and shifting populations are changing the economics of Johannesburg’s, and sub-Saharan Africa’s, real estate markets, IndependentOnline reports. So far, the South African government has promised...
Regional airline, Leeward Islands Air Transport (LIAT), says it will take “decisive action” to deal with unprofitable routes as the struggling Antigua & Barbuda-based airline seeks...
Jamaica says it has secured US$300,000 from the Inter-American Development Bank (UIDB) for the recruitment of a consultant as the island begins implementation of a single...
Kenya’s government has lifted a ban that prohibited development within a 10km radius around the country’s future multi-billion dollar Konza technology city. Last year in January,...
The Indian Cotton Federation (ICF) is keen on investing in Africa. A delegation of persons involved in the cotton business in Africa currently on a visit...
Just months after stepping down as head of the nation’s largest civil rights organization, former NAACP President Benjamin Jealous (pictured), is changing his career from an...
Tanzania’s energy regulator raised the price of petrol in east Africa’s second-biggest economy on Wednesday but cut diesel and kerosene prices, citing a weaker local currency...
Sagicor Asset Management (SAMI) has reported a return of 8.48% for its Sagicor Select Growth Fund making it the best performing growth fund for the period...
South Africa’s cloud services market value is expected to grow to $229.69 million in 2014, according to an International Data Corporation’s research report. The IDC’s report...
Payments technology company, MasterCard, is expanding into seven additional markets across Central and West Africa. The company said, in a statement, that it is adding Chad,...
The developers of Saya call their Ghanaian chat app the “SMS killer”. Meanwhile, an app called TanaMe is fighting for a niche by aggressively undercutting Skype...
Kenya’s financial regulator has proposed a separate regulatory framework for Islamic financial institutions as part of a broad ten-year strategy designed to boost capital markets in...