www.africabusinesssource.com | Latest: The World Bank Group launches XL Africa, An Incubator for Start-Ups
The World Bank Group launches XL Africa, An Incubator for Start-Ups
XL Africa will grab headlines this week as the newest big player on the Africa digital start-up Scene. The new program is a World Bank Administered five-month acceleration program that will support 20 promising digital start-ups from Sub-Saharan Africa. XL Africa is an incubator of sorts with a big payday for participants. Each of the […]
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Facebook opens first African office in Johannesburg
Facebook announced this week that it’s opening its first office in Africa and has hired Ogilvy and Nike veteran, Nunu Ntshingila-Njeke to head it. Based in Melrose Arch, Johannesburg, the company hopes to build on 20% growth experienced between September of 2014 and June of 2015.
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AGOA Reauthorization passes both Houses of Congress
The United States House of Representatives passed legislation to reauthorize the African Growth and Opportunity Act (AGOA), today. Now that both houses of Congress have passed the legislation, the bill will go to President Obama for signature, before it becomes law. The President is supportive of extending AGOA and is expected to sign the legislation. […]
By Motaroki | | 0 Recommendations
Five Reasons Why I Invest in African Stocks
Investing in African stocks strikes many US-based investors as impractical at best, and foolhardy at worst. Here are a few reasons why it’s the first place I look for investment bargains. 1. Africa’s where the growth is. African economies hit a speed bump in 2008, but most will be firing on all cylinders again soon. […]
By Ryan Shen-Hoover | | 0 Recommendations
Rwanda is the World’s Top Business Reformer
Rwanda is the first sub-Saharan African economy to lead the world in business reforms, according to a recent report by The Doing Business Project. The annual report is published by the International Finance Corporation (IFC). The country has seen steady improvement in its commercial laws and institutions over the last 8 years. In 2008 it […]
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Israeli Delegation on Eight Day Official Tour of Five African Countries
The Israeli Foreign Minister, Mr Avigdor Liberman is expected in Accra on Monday, as part of an eight-day official tour of 5 African countries, including Ethiopia, Kenya, Nigeria and Uganda. A statement issued and signed by Mr William Anani-Abotsi, Assistant Director of Information and Public Affairs Bureau at the Ministry of Foreign Affairs and Regional […]
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Asian Group May be the New Co-Owner of Zain – Report
According to a report on Al-Arabiya television today, an Asian group of investors are in the final stages of closing the deal on a 46% purchase of Kuwaiti owned firm – Zain(Formerly Celtel)(ZAIN.KW). When asked for comment by Reuters, Zain spokesperson Ibrahim Adel declined. Zain’s shareholders voted to remove individual ownership limits on Aug 31, […]
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Privatization of Nigeria’s State Telecoms Company NITEL Underway
According to Reuters, there are now 13 investors interested in the purchase of at least 75% of Nitel, the state telecoms company which has been undergoing this privatization process for several years. The Bureau for Public Enterprises (BPE) is evaluating both local and international bids from as far away as Spain and India. Nigeria is […]
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Investing in African Stock Markets
Investing in African stock markets is not for the faint of heart. Finding a reliable stockbroker can be difficult; Companies’ casual approaches to financial reporting often make good analysis impossible; and managing multiple trading accounts from a faraway time zone is a hassle. In the past few months, however, some changes have taken place that […]
By Ryan Shen-Hoover | 3 | 0 Recommendations
Gabonese People Vote for a New President
The Gabonese people went to the polls today to vote for a new President following the death of the world’s longest serving President- Omar Bongo. In the pool of 23 candidates, is the son of the former President – Ali-Ben Bongo Ondimba who is favored to win. Ali-Ben Bongo Ondimba, is a 50 year old […]
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