The latest wave of bullish commentary about the continent recycles familiar blind spots. A decade after "Africa Rising" faded, the real prerequisites for transformation remain stubbornly...
By Dishant Shah Every few years, Africa receives a new catchphrase. “Africa Rising.” “The Next China.” “The World’s Future Growth Engine.” These slogans circulate through investment...
By JP Følsgaard Bak The mathematics of transformation are deceptively simple: 54 visionary leaders – one per African state – could fundamentally alter the trajectory of...
By Farouk Mark Mukiibi Africa is often hailed as “the last frontier” – a continent brimming with demographic promise, untapped resources, and explosive urban growth. Yet...
By Danilo Desiderio Ethiopia’s reported 8.1 percent gross domestic product (GDP) growth for the 2023/24 fiscal year might seem like a triumph – and on paper,...
By Farhia Noor I am African. And I say this with unshakable conviction: the lion is not stirring. The lion is not awakening. The lion has...
By Farhia Noor In 2055, I didn’t dream of Africa’s future – I stepped into it. What I saw was not the continent of yesterday’s headlines...
By Dishant Shah Africa is often misunderstood – not because it lacks potential, but because the world has rarely viewed it through the right lens. While...
By Dishant Shah Recent reports that 25 African nations are under consideration for inclusion in a new U.S. travel ban have sparked difficult but necessary questions...
By Gregory Simpkins In a May 2000 issue with a lead article headlined “Africa: The Hopeless Continent”, The Economist magazine unleashed a flood of discussions about...
Due to the tired and well-worn Western narrative of Africa – that of a continent continuously engulfed in war, poverty and disease – armed conflicts are...
Ethiopia, one of Africa’s fastest growing economies but with a very tight state grip on local industries, has developed cold feet over opening up of its...
Africa’s economic resurgence has been further boosted by over $68 billion in investment commitment following the just concluded World Economic Forum (WEF) on Africa which ended...
AU Commission chairwoman Nkosazana Dlamini-Zuma, AU Chairman Mohamed Ould Abdel Aziz, European Council president Herman Van Rompuy and European Commission president José Manuel Barroso at the...
Sub-Saharan Africa’s economy will grow more than 6 percent this year, the African Development Bank said on Tuesday, but its president urged governments to build resilience to...
Africa is rising not only on the growth charts of economists. The continent that was a byword for poverty, chaos and bloodshed only a few decades...
In corporate boardrooms and global-investment seminars, more CEOs and business leaders are talking about Africa. That much was evident at a recent New York Stock Exchange...
By Robert Bates Once ‘hopeless’ and now ‘rising’, Western narratives around Africa may tell us as much about what’s going in the West as in Africa...
Taking a walk in the downtowns of major African cities, one can see bustling shopping malls and streets populated not just by domestic restaurant chains but...
The iPad in use in an African class room. PHOTO/Courtesy tlt.its.psu.edu Two years after the launch of the iPad, the tablet has a considerable footprint among...
A Chinese, Latin American, and North American student are sitting in a classroom. The teacher pulls out a map of Africa, and asks ‘tell me what...
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...
(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...
Nigeria on Monday launched a communications satellite into space to replace one that failed in 2008, the country’s satellite agency said. The satellite was launched from...
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) – 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...
Her US$3 billion fortune makes Oprah Winfrey (pictured above), the wealthiest black person in America, a position she has held for years. But she is no...
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...
When thinking of African economies the time has come to think of tech innovation. Africa is making great technological strides, not only keeping up with the...
(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...
(Reuters) – Investors should forget China and park their money in sub-Saharan Africa if they wish to benefit from the growth in emerging markets, the chief...
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,...
Kenyan Sam Agutu and Nigerian Aminu Gamawa come from different countries and backgrounds, they share a common passionate commitment – to save the lives of women...
The cost of sending remittances to and within Africa could come down thanks to a new online database that will compare costs among money transfer service...
(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...
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...
Once marred by conflict, Mozambique is slowly emerging as a popular tourist destination as people are drawn in by the tropical weather, beautiful beaches and rich...
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...
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...
Africa is posting an average growth of 6 percent per year. This growth is also reflected in the growing middle class. There is a new gold...
Kenya Petroleum Refineries Limited (KPRL), has implemented a new technological solution to reduce risk and control costs. The solution, based on IBM Maximo asset management software,...
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) – Bharti Airtel, India’s top mobile phone carrier, said on Tuesday it has launched high-speed third-generation network services in Congo, becoming the first carrier to...
(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...
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...
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...
High speed train, similar to those expected to be launched in Kenya soon. Kenya has invited investors to provide rolling stock such as trains and high...
A diverse group of young emerging leaders from all across Africa and the diaspora has come together to promote a unified vision for the continent and...
(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...
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...
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...
A South African arms company has unveiled what it calls the first all-African military plane. Johannesburg-based Paramount Group boss Ivor Ichikowitz, showing reporters the AHRLAC on...
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...
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...
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 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...
China and India replace Britain as Kenya’s top sources of foreign direct investment FDI The latest economic data shows that China, India, South Africa, and South...
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...
Nigeria has emerged as the wealthiest country in Africa. As a powerful emerging market in the world economy, it has the billionaires and multi-millionaires to prove...
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...
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...
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...
ADDIS ABABA, Ethiopia — Ethiopian officials say they will not heed the U.N.’s recommendation to halt construction on a dam that the world body says endangers...
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...
The debt crises in Europe and the United States could tempt African countries to throw fiscal caution to the wind, threatening hard-won economic gains just as...
Media around the world have been reporting on a recent African Development Bank study claiming that Africa has a new middle class of 313 million, a...
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...
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...
Across Africa, free trade zones are being set up between countries and even at individual locations. They claim to offer a cheaper and easier way to...
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...
The China Africa Business Forum will be held at the Gallagher Convention Centre in Johannesburg, South Africa on 20 October 2011. The forum will host trade...
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...
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...
Africa optimism rising Africa offers among the world’s best investment prospects as emerging markets grow ever more important, although its economies risk being destabilized by the...
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...
President Mwai Kibaki on Friday launched a key website making Kenya the first country in sub sahara Africa to offer loads of government data to its...
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...
