Professionals who have operated on both sides of the automotive industry - at the corporate level and on the retail floor - possess a strategic edge...
By Dishant Shah Most conversations about Africa begin the same way. Someone leans across a boardroom table and asks: “Is it safe?” Another follows with: “Can...
By Michele Moscaritoli West Africa is recalibrating its economic compass – not outward toward traditional global markets, but inward, across its own borders. The shift is...
By John Kourkoutas The question isn’t whether Africa represents opportunity – with 1.4 billion consumers and GDP growth rates consistently outpacing developed markets, that debate is...
By John Kourkoutas When Western executives dismiss Africa as “too hot” for serious business operations, they reveal more about their own biases than they do about...
By Dr. Princess C. Mutisya What the world called “policy tightening” this year was actually preparation. Africa was setting the stage for 2026 sovereignty. Most observers...
By Des H Rikhotso While Western investors obsess over basis points in saturated markets, a more compelling story is unfolding across Africa. The continent is not...
By John Kourkoutas In 1880, roughly 90 percent of Africa remained “unclaimed” by European colonial powers. A map from that year shows a continent mostly in...
By John Kourkoutas When people hear I built a thriving export advisory business focused on African markets, they often say, “You were just lucky.” “Right place,...
By Dishant Shah Africa’s greatest obstacle was never its colonial-era borders. It was the enduring belief in their permanence – the idea that African economies must...
By John Kourkoutas When foreign investors map Africa’s business potential, they often see a blank slate – untapped markets, rising populations, and untold opportunity. But a...
By Gregory Simpkins Over the past 40+ years working on Diaspora issues, I have had the privilege of working with numerous Black-owned businesses and organizations. Many...
By Victor Oluwole Earlier this week, March 22nd, Tony Elumelu celebrated his 60th birthday, and his life and career achievements are worth commemorating. Born in Nigeria...
Cash will be used to fund African expansion to Egypt, Ghana and Cameroon
Business confidence in Africa remains the highest in the world, according to the, annual Young Presidents Organization (YPO) Global Pulse Confidence Index for Africa. Business confidence,...
Tony Elumelu Nigerian Tony Elumelu has been named by the Corporate Council on Africa as African Business Leader of the Year. Elumelu was honored at the...
Forbes Africa magazine (a licensed affiliate of FORBES Magazine) published its list of Africa’s top 20 tech startups. Each of the startups included in the list...
Olga Arara-Kimani, former Google-Kenya country manager. PHOTO/File Google country manager Olga Arara-Kimani has left the firm days after the Internet giant said it had taken action...
Uganda has introduced an electronic tax collection system that is set to cut evasion and help boost domestic revenue collection. The country’s revenue collection equivalent to...
Divine Ndhlukula, Founder and CEO of SECURICO proudly holds up the Africa Awards 2011 trophy Divine Ndhlukula, a Zimbabwean national, is the founder and Managing Director...
Ms. Funke Opeke CEO of Main One Cable. Stretching some 7,000 kilometers along the West African coastline, a submarine fiber-optic cable emerges off the coast of...
(Reuters) – Nigeria’s economy lost out on an estimated 207.4 billion naira (US$ 1.28 billion) due to an eight day strike this month prompted by a...
An uneasy calm returned to Nigeria’s cities Tuesday, a day after two Nigerian labor groups suspended their nationwide strike over the elimination of the country’s fuel...
Plans to construct a pipeline to transport South Sudan’s oil through Uganda and Kenya in a bid to reduce over-reliance on Sudan’s infrastructure are at an...
(Reuters) – Tanzania’s economy expanded 6.4 percent in the third quarter of 2011 compared with 6.7 percent a year earlier, with growth was driven by the...
South Sudan has signed its first oil deals with a foreign countries since it won independence last July. The countries include China, India and Malaysia, officials...
Nigeria’s government will meet with labor unions in a last bid to halt a paralyzing national strike that now threatens oil production in Africa’s most populous...
Construction of the US$4.7 billion railway line linking Rwanda, Burundi and Tanzania will begin in 2014, after the three governments finalize fund raising activities. Tanzania and...
(Reuters) – MTN Group, Africa’s largest telecom, plans to spend more than US$1 billion this year on its Nigerian network, an official said on Thursday, as...
(Reuters) – Royal Dutch Shell Plc., said it is eyeing potential opportunities in South Sudan, which last July broke away from Khartoum, taking with it two-thirds...
East African Development Bank Headquarters in Kampala, Uganda Tanzania last week avoided further aggravating a damaging diplomatic and legal crisis after its Court of Appeal reversed...
Nigeria is ending fuel subsidies, an official said Sunday, a move that is sure to be unpopular in the oil-rich nation where citizens have come to...
Ghana will host the 10th Africa Investment Forum from March 28 to 29, 2012, to address business and investment opportunities across the continent, with a particular...
African expatriates network at an event. PHOTO/Courtesy CNN In a trend that may work adversely on remittances to India and the region, Gulf nations are now...
(Reuters) – Ghana has cut fuel subsidies following an increase in crude oil prices and the depreciation of the Ghana cedi currency, the head of Ghana’s...
(Reuters) – Royal Dutch Shell’s Nigerian oil spill, the largest in the African nation since 1998, highlights the different world responses to oil spills. Nigerian authorities...
(Reuters) – Botswana’s economy grew by 5.8 percent on a quarterly basis in the third quarter, quickening from a downwardly revised 3.6 percent in the second...
Environmental Damage caused by past oil spill in Nigeria. PHOTO/File An oil leak has caused a production halt at a Shell facility off Nigeria capable of...
According to a new and innovative approach to estimating the future growth potential of countries, designed by professors at Harvard and Massachusetts Institute of Technology (MIT),...
(Reuters) – Ethiopia signed an agreement with a Chinese state-run firm to build the final section of a railway line that will link its capital Addis...
(Reuters) – Pan African bank Ecobank Transnational Inc., said on Thursday it had acquired 100 percent of Ghana’s Trust Bank Ltd in a US$135 million deal...
The International Monetary Fund (IMF) looks set to bend its rules this month to accommodate Ghana’s rush to raise a US$700 million loan from China to...
(Reuters) – South Sudan makes its debut for western oil companies, aid organizations and agribusiness this week at a U.S.-backed conference aimed at setting Africa’s newest...
Windfarm in Kenya A financing deal for Kenya’s largest wind power farm will be concluded in the first quarter of 2012, its sponsors said, setting East...
(Reuters) – Nigerian President Goodluck Jonathan presented a 4.749 trillion naira (US$ 30 billion) budget to the national assembly on Tuesday, in what he said would...
At the beginning of every month, Ms Safia Ibrahim anxiously waits for a call that will offer her a lifeline. Once it comes, she walks to...
Royal Dutch Shell PLC and Italian oil firm Eni SpA say they have purchased rights to an offshore oil field near Nigeria’s coast that could hold...
Africa’s growing middle class has boosted demand for consumer goods. Though rarely mentioned in the western media, an emerging middle class in Africa, is driving economic...
(Reuters) – Kenya’s economy is expected to grow by between 4.5 to 5.0 percent this year, higher than the 4.0 percent the government previously estimated, the...
Indian mobile firm Bharti Airtel Wednesday said its subscribers in Africa, where it acquired business in 15 countries in a US$9 billion deal in June last...
A Nigerian oil company says it paid US$147.5 million for a stake in an onshore oil field once owned by Royal Dutch Shell PLC, Eni SpA...
(Reuters) – Some European banks are now refusing to lend to firms trading with Africa, threatening growth on the African continent, a senior official of the...
Niger officially became an oil producer Monday with the opening of a refinery run by the state and a Chinese company. Niger’s President Mahamadou Issoufou and...
While the west experiences economic difficulty, Africa contiues to look east – towards China. The west has every reason to be worried – about it’s declining...
The old pessimistic paradigm of Africa’s development is outdated, but some valid elements cannot be dismissed if economic growth is to be pursued on the continent,...
China has recently surpassed the United States as sub-Saharan Africa’s largest trading partner. China is busy building railways and roads in Angola, Nigeria and Kenya, revving...
Gunmen stormed a ship supplying a Chevron Corp. offshore oil field, kidnapping three workers in an attack raising concerns over a possible unraveling amnesty deal in...
(Reuters) – Brazil is launching a top-level drive to expand its economic ties with Africa, a sign of how crises in the rich world are pushing...
When Joel Mwale (pictured), was hospitalized with dysentery, his doctors advised him to focus his energies on making a full recovery. The Kenyan student had caught...
The government of oil-rich Equatorial Guinea says they have discovered more oil offshore and have seen the first production from another offshore block. Monday’s press release...
Uganda President Yoweri Museveni has indicated to parliament he is not likely to delay approval of Tullow Oil‘s long proposed partnership with Total and the China...
Recent figures by Opera Software company, show that Nigerians are first in Africa and fifth largest users of Opera Mini browsers in the world. With this...
Zambia’s new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise...
Africa’s largest and most diverse leadership gathering, the Vodafone African Business Leaders Forum (ABLF), kicks off at the Accra International Conference Centre, Ghana on Thursday. This...
Africa is the world’s fastest growing telecoms market and mobile phones have transformed the lives of Africans everywhere.Now a host of new mobile phone applications, developed...
The latest Ease of Doing Business Index found the vast majority of sub-Saharan countries have improved their business environments in the past year, and six made...
(Reuters) – Botswana President Ian Khama said on Monday the southern African country’s economy was expected to slow to 5.7 percent this year from 7.2 percent...
Kenya airways registered a net profit of Ksh. 2.03 billion (US$ 20 million) for the year ending September 30. This is an increase from Ksh. 1.44...
Africa’s biggest producer of building material, Dangote Cement Plc., has registered a 23 percent increase in nine-month pre-tax profit as cement sales rose. Income in the...
(Reuters) – Africa’s newest country South Sudan is looking for foreign investors to help build a refinery, a government official said on Wednesday. “We are keen...
(Reuters) – South Africa’s Allied Technologies Ltd., is in talks to pay up to US$60 million for unlisted Kenyan IT firm Symphony, according to a person...
The Kiira EV model developed by Makerere University Students. PHOTO/FAISWAL KASIRYE /DAILY MONITOR Uganda’s Makerere University has today released a new electric vehicle – named the...
Kenyan Pilot, Captain Irene Mutungi Africa is now the second fastest growing region in the world in terms of commercial aviation, behind China – according to...
A Kenyan pharmaceutical company has won World Health Organization (WHO) certification for one of its drugs, opening the door to lucrative tenders floated by the Global...
Fred Swaniker is a Ghanaian entrepreneur who hopes to instill a new generation with the skills to navigate Africa towards prosperity in future years. The African...
East African Rift Valley – Source: Tullow Oil Africa’s new scramble for oil is heading east, where the potential could be huge but the risks are...
Nigerian regulators have threatened to fine and stop three telecommunications companies from signing up new cellular phone subscribers over complaints about poor service in a nation...
Africa is experiencing an unprecedented influx of private equity (PE). According to statistics available from the Emerging Markets Private Equity Association (EMPEA), PE investments in Africa...
(Reuters) – Angola’s government is aiming for a balanced budget in 2012, after an expected surplus this year, as it plans to step up spending on...
(Reuters) – The International Monetary Fund (IMF) hailed the medium-term outlook for Ghana’s oil-fueled economy as positive on Monday, but warned it would have to rein...
Tanzania is about to have its own first ever copper smelter following an agreement between Kigoma Regional administration and a Dubai-based firm, City Energy & Infrastructure...
Mozambique’s economy was likely to grow by 7.5 percent in 2012 from an estimated 7.2 percent growth in 2011 but core inflation, although the Consumer Price...
The new government in Zambia, Africa’s biggest copper producer, said on Thursday it had suspended the renewal and issue of new mining licences and would undertake...
The International Monetary Fund said it was still positive about the growth outlook for Sub-Saharan Africa as economies expand output in areas like mining but warned...
Cooling Towers, Soweto, South Africa South Africa has signed a work plan with the International Energy Agency (IEA) that will see the country step closer to...
Businesses in East Africa have continued to thrive and grow despite a global downward economic trend, a report by a UK based research organization indicates. The...
The CEO of Zenith Bank (Ghana) Limited., Daniel Asiedu, has urged investors (both local and foreign) to consider investing their funds in Africa. Speaking in an...
Telkom South Africa Ltd., Africa’s biggest fixed-line phone company, said Korea Telecom (KT) Corp., South Korea’s largest phone and Internet operator, may acquire a 20 percent...
(Reuters) – Tanzania has secured a loan from China to build a US$684 million gas-fired power plant in the south of the country to plug energy...
Kenya, Uganda and Nigeria bucked a global trend by raising interest rates to record levels in the past week as they struggle to protect their currencies...
Map of the Democratic Republic of Congo (Reuters) – Few in the Democratic Republic of Congo’s (DRC) Katanga copper belt are happy with local provincial governor...
The speaker of Uganda’s parliament has recalled the national assembly from recess for an emergency session to debate the tax disagreement between the government and London-listed...
Ntsiki Biyela, a winemaker, in Stellenbosch, South Africa. – Photo by: Robin Hammond New York Times News Service A new class of wine makers is emerging...
(Reuters) – Nigerian cement manufacturer Dangote will spend US$ 4 million to build a cement plant in Congo Republic, the latest in a string of projects...
Three years after a major oil spill in the Niger Delta, Shell still has not yet cleaned up its mess. The company finally admitted legal liability...
Black South Africans own at least 17 percent of the 100 top companies listed on the Johannesburg Stock Exchange (JSE), according to an initial study, the...
Kenya expects a planned liquefied natural gas terminal to cost US$500 million and take 3-5 years to build once it floats a tender in February 2012...
South Africa and Zambia have approved the US$1.1 billion bid by China’s Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal...
Royal Dutch Shell has been accused of funding armed gangs in Nigeria, this is said to have fuelled human rights abuses in the country. The oil...
The Assets Management Corporation of Nigeria (AMCON) has set aside an additional US$ 5 billion to recapitalize the five rescued banks. The injection of the capital...
Tanzania and China have signed a US$1 billion loan agreement to build a major natural gas pipeline in the east African country, a Tanzanian newspaper quoted...
New Zambian President Michael Sata fired his respected central bank governor Caleb Fundanga on Thursday and his new mines minister floated plans to boost tax receipts...
In a nation run by mobile phones, Nigeria now faces a looming deadline for subscribers to register their lines in a government effort to know who’s...
Major road expansion works underway in Kenya. – East African (The East African) — Regional leaders are seeking to raise at least US$3 billion for a...
Kenya Airways and Eritrean Airlines are set for a major turf war as both national carriers finalize plans to launch new routes between Asmara and Nairobi....
Africa is starting to appear on the radar screens of western retailers as they look for the next growth opportunity in emerging markets while having to...
Michael Sata sworn in as Zambia’s President – REUTERS/Makson Wasamunu Michael Sata, Zambia’s new president, told Chinese companies on Monday that they were welcome to invest...
Ivory Coast, the world’s top cocoa producer, expects to raise its output this year to the point that it could account for half of the world’s...
Tanzania and China have signed a US$3 billion deal to develop coal and iron ore projects in the southern part of the country in what is...
Ghana’s economy has grown by 33.5 percent in the year to the second quarter of 2011, as a result of oil output, the country’s statistics office...
Vodacom of South Africa is currently in discussions with Telekom Networks Malawi Ltd. (TNM) about buying a stake in the company. This has been revealved by...
Precision Air of Tanzania, hopes to raise US$17 million in an initial public offering next month after obtaining the go-ahead from the regulator for the share...
A fund ran by Japan’s SBI Holdings Inc. and Abu Dhabi’s Invest AD said on Thursday it bought into the initial public offering of Bank of...
South Africa recently launched a bidding process for renewable energy that will lead to the addition of 3,725 megawatts of green energy to the national grid...
South African retailer Woolworths will open 16 new stores in other Africa countries this financial year, it said on Friday, as part of the group’s plan...
Over the past decade, Africa has grown fast and continuously — its economy expanded at an annual rate of more than 5 percent. That is almost...
Companies in the business of providing infrastructure services for telecom firms will now have to be partly owned by Ghanaians. According to a new directive from...
President Jacob Zuma (pictured), has encouraged the instrospection of black business organizations, called for non-racial business unity and decried the absence of black industrialists “who own...
The South African government wants police access to the encrypted messenger service on BlackBerry devices. South African officials speaking at a telecommunications conference in London say...
The Nigeria Central Bank governor, Mr. Lamido Sanusi (pictured), has indicated that Nigeria will start holding Chinese yuan as part of its foreign exchange reserves from...
The African free trade zone is to be launched in three (3) years. African leaders have agreed to launch negotiations on creating a free trade zone...
JOHANNESBURG — A South African legislator says he won’t wear the national Springboks jersey during the Rugby World Cup because the garments were made in China...
Ghana is Africa’s newest crude oil exporter after starting up its offshore Jubilee field, but the country’s sole refinery in Tema (pictured), requires upgrades to be...
China is obstructing the release of Libya’s frozen assets, the head of Libya’s National Transitional Council (NTC) Mustafa Abdel Jalil said in a news conference on...
Patrice Motsepe (pictured), mining magnate and joint chairman of the India-South Africa CEOs’ Forum, has ousted steel giant Lakshmi Mittal as South Africa’s wealthiest person. Although...
Nigeria’s Access Bank said on Thursday it will spend 50 billion naira (US$ 320 million) to acquire a 75 percent stake in rescued rival Intercontinental Bank...
Kenya Airways on Tuesday morning signed a purchase agreement that will see the Kenyan carrier buy up to 26 jets from Brazilian firm Embraer in a...
South Africa’s government is calling for more guarantees that Walmart’s foray into the country will not hit local suppliers and cause job losses. One minister has...
Nigerian President Goodluck Jonathan announced on Tuesday a new state company that will guarantee to pay for power generated in Africa’s most populous nation, potentially opening...
The Nigerian naira fell to its weakest in almost two months against the U.S. dollar on the interbank market on Monday after the central bank removed...
iCow, a voice-based WAP enabled application, helps farmers track livestock while giving them tips on breeding. On a typical day, Susan Wanjiru checks and replies to...
Nigeria’s headline inflation unexpectedly fell in July, data showed, reaching its lowest level for more than three years following an aggressive period of monetary tightening by...
The door to corporate growth in Africa is wide open and steadily bringing in financial saavy takers. Wal-Mart has laid its claims in South Africa, but...
South Africa’s MTN Group said it will roll out Opera Software’s mobile browser in Africa and the Middle East, to offer faster web access in countries...
ABUJA, Nigeria — A government agency says Nigeria could lose more than $3 billion from its annual share of oil revenues if proposed laws are passed...
Tanzania‘s mobile phone subscribers rose 20 percent to 21 million last year, but low tariffs due to a vicious price war are expected to diminish the...
Starfish Mobile was formed in 2002 in South Africa to provide mobile content aimed at mobile subscribers. Since then, the company has expended operational activities in...
In late 2006, entrepreneur David O’Halloran, along with three former colleagues, rejuvenated a business development consultancy called BusinessMinds by turning it into an incubator company that...
South African-based Standard Bank today said it would halve capital allocated to its non-African business as global regulatory changes make some business lines uneconomical. The move...
Seawolf Oilfield Services CEO Adolor Uwamu – coutersy of CNN Nigeria is Africa’s top oil producer, with exports worth $59 billion last year, but the industry...
Ghana has been selected as the Fourth Best Investment Destination in 2011 in Africa by the international investor community, Ghana Investment Promotion Center (GIPC) CEO Mr....
JOHANNESBURG — A new report predicts a sub-Saharan banking boom, with bankers reaching out to the majority of Africans who do not have accounts and increasing...
China and India, Asia’s two emerging powerhouses, have made no secret of their desire to engage with resource-rich Africa as they seek new economic partnerships to...
British court rules that Bodo community can seek compensation from Dutch oil giant after oil spills devastate area.
As we approach D-day, no agreement is in sight to extend America’s credit line. A default in servicing US debt has moved from the unthinkable to...
France Telecom’s Orange mobile unit is teaming up with Google to offer SMS-based chat in Africa, Orange said in a statement on Wednesday, targeting the fast...
Nigeria’s central bank raised its benchmark interest rate by a bigger-than-expected 75 basis points to 8.75 percent on Tuesday, the fourth increase this year in a...
Tata Motors today announced opening of its US$16-million commercial vehicles assembly plant at Rosslyn in South Africa to bolster its presence in the market. “With a...
Brazil’s Embraer sees Africa as a major growth market and targets doubling the number of its jets operating on the continent, a top executive at the...
David Cameron: Free trade in Africa shows a way out of poverty Fifty years ago, per capita gross domestic product (GDP) in South Korea was twice...
Employers in South Africa’s fuel industry are meeting with unions on Monday in a bid to end a week-long strike that has left hundreds of fuel...
Nigeria’s crude oil export has recorded a major boost as Shell Petroleum Development Company (SPDC) has lifted force majeure on about 300,000 barrels per day of...
German Chancellor Angela Merkel urged Kenya on Tuesday to step up its fight against graft to help lure investment from her country, which is seeking to...
A branch of Ecobank in Nairobi, Kenya. As the aircraft floats across the landscape of West Africa, one notices ruler-straight earth roads stretching as far as...
The insurance industry in Africa, contrary to general expectations, contains some of the most advanced and sophisticated systems in the world but, on the continental level,...
The country known for genocide is now giving the world $140 sundresses. In the hilly Rwandan capital of Kigali, 300 female survivors of the 1994 mass...
Abdirashid Duale, CEO of Dahabshiil, one of Africa’s largest money transfer companies, gave the keynote address at a conference hosted by Oxford University from 29-30 June....
Africa may be growing quickly, but it still offers less opportunities than more robust emerging markets such as China and India, the CFO of U.S. car...
Ford Motor Company this week announced the completion of a two-year, US$500-million upgrade of its manufacturing and assembly plants in South Africa to enable it to produce and...
The debate about nationalisation of South Africa‘s mines could hit companies’ ability to raise capital for sustaining or growing output, the Business Day reported on Wednesday....
LONG a symbol of stagnation, the African continent is experiencing a reawakening. Poverty and hunger are still widespread problems, but Africa’s growing middle class is creating...
Concerned Nigerians and families of contractors who claimed to have done jobs for MTN Communications Nigeria Limited, gathered at Folomo roundabout, Awolowo Way, Ikoyi, Lagos, by...
Safaricom subscribers can now search for and reconnect with their loved ones using their mobile phone via an application provided by Ericsson and Refugees United. The...
In a bid to ease the activities of the judicial sector in the country, courts will, from next month, be digitally interlinked. In an interview with...
NAIROBI, Kenya — Kenya’s prime minister has paid more than $37,000 in back taxes to abide by a new constitution that requires lawmakers to pay taxes...
To be a successful entrepreneur in Africa, you must have raw courage, and blind perseverance to overcome mind-boggling bureaucracy and limited access to credit. In spite...
Despite having received only one finalist nomination, Ghana shone at the African Business Awards 2011 because of one business leader and a young but dynamic company....
Africa is starting to change for the better and Kenya is becoming the leader in this long overdue movement offering African-American entrepreneurs an opportunity not only...
Zimbabwe is given the green light to sell diamonds from its rich Marange diamond fields, in a controversial decision that splits industry regulators in the Kimberley...
A maverick entrepreneur and self-made millionaire, Sina Gerard is probably Rwanda’s most famous businessman. Having established a business empire from the bottom up, he’s now training...
From: CNN India has ramped up its economic push into Africa, announcing Wednesday a slew of investment and trading agreements with countries across the continent. Speaking...
