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You don’t have to open a brokerage account in Kampala or Accra to get exposure to the African growth story. Wall Street-listed companies are investing more on the continent with each passing week. Here’s a roundup of some of the bigger deals I came across in these early days of April. Diageo (DEO:US) (P/E Ratio: [...]
April 6, 2012 | By Staff Writer | 
| 0 Recommendations
MIT Sloan Gears up for 2012 Africa Innovate Conference
MIT Sloan School of Management is gearing up to host the Africa Innovate 2012 Conference at the Institute’s famed Media Lab on its Cambridge campus with a spotlight on the role of emerging markets in Africa’s growth potential along with some of the continent’s newest initiatives in technology including the continent’s booming mobile, media and [...]
April 5, 2012 | By Staff Writer | | 0 Recommendations
Kenya’s Oil Find Sparks Interest in Remaining Blocks
Since striking oil last week, there has been a surge of interest in available oil blocks, according to Martin Heya, Commissioner of Petroleum for the Kenya Ministry of Energy. Last weeks find by Tullow Oil Plc has created a frenzy of the possibilities inside and outside the East African hub. Tullow Oil estimates that it [...]
April 5, 2012 | By Staff Writer | | 0 Recommendations
InsightsAfrica: Google Launches African Internet Data Site
Google just launched InsightsAfrica.com, which helps users better understand the growing power of the internet in Africa. Especially as internet penetration rates continue to grow at a relatively high pace each year. According to one of Google’s blogs, they have been, over the past two years, working with market research firm Basis Research Ltd to [...]
April 4, 2012 | By Staff Writer | | 0 Recommendations
Agricon Global Aquires Canola Property Ghana Limited
Agricon Global Corporation (“Agricon,” formerly BayHill Capital Corporation) BYHL 0.00% announced today the completion of its acquisition of Canola Property Ghana Limited (“CPGL”) effective March 31, 2012. This project enables Agricon to pursue its objective of engaging in large-scale crop farming in Ghana. The transaction will be accounted for as a reverse merger with CPGL [...]
April 4, 2012 | By Staff Writer | | 0 Recommendations
Nairobi, Mombasa Luxury Real Estate are Global No. 1
When thinking about luxury real estate in a global context, there are few markets in the developing world that come to mind. However, two cities in East Africa made headlines late last week when KnightFrank released their Prime International Residential Index (PIRI), which has provided a unique gauge for price flux across the world’s luxury [...]
April 2, 2012 | By Motaroki | | 0 Recommendations
Kenya’s President Kibaki, today announced that Oil had been discovered by Tullow Oil in the north eastern region of the Country. “This morning, I have been informed by the Minister for Energy that our country has made a major breakthrough in oil exploration. This weekend, Tullow Oil, which has been prospecting for oil in block [...]
March 26, 2012 | By Staff Writer | 1 | 0 Recommendations
A Different Drummer: Correlation (Or Lack Thereof) Between African Stock Markets
Like many investors, market volatility shook me into a silly stupor these past few years. Rather than taking advantage of price dips, all too frequently I just sat on the sidelines and watched my portfolio whipsaw. Most African stock markets, as we saw last week, were every bit as volatile as US markets during the [...]
March 5, 2012 | By Ryan Hoover | | 0 Recommendations
Obama’s Top Africa Man to Lead US Energy Companies on Trade Mission to Africa
Assistant Secretary of State for African Affairs Johnnie Carson will lead an Energy Trade Mission to Mozambique, Tanzania, Kenya, Nigeria, and Ghana February 6-17. The delegation of U.S. government and private-sector executives will meet host country senior government officials to discuss challenges for U.S. private-sector investment in energy infrastructure projects. Delegates from the American business [...]
February 2, 2012 | By Staff Writer | 1 | 0 Recommendations
MasterCard Worldwide, today launched its official East African regional headquarters in Nairobi, Kenya. This development brings the number of MasterCard offices across the African continent to five, with other offices operational in Cairo, Casablanca, Lagos, Johannesburg and now Nairobi. Prime Minister Raila Odinga of Kenya welcomed MasterCard’s announcement. “We are pleased to welcome MasterCard to [...]
February 2, 2012 | By Staff Writer | | 0 Recommendations
