Category: Articles

Africa’s Richest Man Is Betting $21 B on Oil and Fertilizer

When Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of swampland almost half the size of Manhattan, he turned to a man who’s helped him transform a small trading company into an industrial empire spanning the continent. For 30 years, Devakumar Edwin has navigated some of the

SA, Egypt eye Nigeria’s crown as GDP gap narrows

South Africa and Egypt are closing in on Nigeria in terms of economic size, despite having only a fraction of the population of the West African country. The gap between Africa’s top three economies put Nigeria well ahead of South Africa and Egypt back in 2014. While Nigeria’s economy was valued at $568 billion following

Nigeria: No Nigerian Listed As WEF Names 11 Africans Among 42 Young Global Leaders

Three Kenyans, three South Africans, two Ghanaians, an Algerian, Namibian and Somalian made the 2022 Young Global Leaders announced yesterday by the World Economic Forum (WEF). However, no Nigerian made the list as members of the WEF 2022 class were chosen from different categories, which included the Academia/Think-tank, Arts & Culture, Business, Public Figure, Social

Southern Africa’s small businesses lead next phase of African growth

growth Standard Bank drives regional enterprise development Standard Bank’s newly minted Business & Commercial Clients (BCC) division is dedicated to leveraging the power of small, medium and large enterprises to expand inclusive domestic business growth across Africa. Gaborone-based BCC Southern Africa Head, Leina Gabaraane believes Africa is entering an exciting expansion phase, characterised by rapid

Addressing Energy Poverty and the Case for Coal in Africa

  Coal as a Key Driver of Electrification in Africa While coal generated 28% of Africa’s total electricity in 2021, according to the AEC’s Q1 2022 Outlook, The State of African Energy, the anticipated increase in energy demand of between 3% and 5% per annum over the next decade provides an opportunity for Africa to

University of Oxford Said Business School Diploma for Women Scholarships 2022

Application Deadline: 26 September 2022 One scholarship worth £10,000 towards the course fees is available for an exceptional female candidate on each of our Diploma programmes. This scholarship aims to support female candidates of merit and encourage an increase in women considering senior leadership roles. Eligibility Requirements: Open to female candidates.  Selection Criteria Academic achievement (assessed through CV,

Private capital flow into Africa more than doubled from 2020 to 2021 — Quartz Africa

Investors pumped record amounts of private equity and venture capital into Africa last year, according to a new report by the African Private Equity and Venture Capital Association (AVCA.) The ‘African Private Capital Activity Report’(pdf), released on 19 Mar., found that the total value of private capital deals in Africa reached a record high of

U.S. Chamber of Commerce hosted Tanzanian President – New Business Ethiopia

The U.S. Chamber of Commerce today hosted Samia Suluhu Hassan, President of the United Republic of Tanzania. During President Hassan’s visit, the U.S. Chamber oversaw the signing of over $500 million in new investments in Tanzania, including the signing of a U.S. Chamber Memorandum of Understanding (MOU) to expand trade and investment between the U.S.

Bolt may have to leave Tanzania due to the new 15% service fee order

Reports out of Tanzania reveals that popular quick-ride company, Bolt, may be on its way out of the east-African country. The uncertainty around Bolt’s operation in Tanzania is with respect to the recent 15% service fee order. The two major ride companies in the country are Bolt and Uber and this fee affects them. According