www.africabusinesssource.com | Latest: Who’s Investing in Africa Now
About | Corporate Contact | Join the Team | Contribute | Advertise
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: [...]
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 [...]
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 [...]
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 [...]
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 [...]
Tullow Oil plc (LSE: TLW) is a global oil and gas exploration company headquartered in London, United Kingdom. It has interests in over 85 licences across 23 countries and in 2010 produced 58,100 barrels of oil equivalent per day.[2] Its largest activities are in Africa, where it has discovered new oil provinces in Ghana, Uganda and [...]
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 [...]
David Karangu could possibly be the only Kenyan immigrant to the United States that owns his own luxury plane. A toy purchased with the spoils from years of hard work and focus in the US car industry. The very straight forward and focused Karangu often talks about his ambition early on during his early years [...]
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 [...]
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 [...]
