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June 5, 2015

The new scramble for Africa starts in Dubai

(Medeshi)- The new scramble for Africa starts in Dubai

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The new scramble for Africa starts in Dubai
AfricaBusinessForum, 2015-06-05 10:36

From multinational HQs to selling secondhand vans, the Gulf state is racing to profit from the continent’s renaissance. McDonald Chapola keeps Africa on the move. Every morning he heads to Kilimanjaro Motors to buy and sell matatus — the minibus taxis that scuttle around the continent’s potholed streets. “I buy a second-hand Toyota HiAce imported […]

African Entrepreneur: Meet ‘Paul Okaru’ from Sub-Sahara Africa Ventures
AfricaBusinessForum, 2015-06-05 05:45

Paul Okaru (pictured on the far left). I recently attended the AfricaBusinessForum.com Investment meeting in Dubai on 23rd May 2015 where i met potential investors and business partners to work with in the future. I am an African Entrepreneur. My company  ‘Sub-Sahara Africa Ventures Ltd’ is a specialist business and project development company based in London England that has a focus on West […]

Recording artist ‘Akon’ is bringing electricity to 600 million people in Africa
AfricaBusinessForum, 2015-06-05 05:30

Despite being best known for making pop music, Akon‘s decided to give filling dancefloors a break in favour of bringing solar energy to people living in rural Africa. The singer has decided to seriously diversify and set up charity Akon Lighting Africa in 2014. The singer, who is of Senegalese-American descent, has recently opened […]

Foreign Direct Investment to Africa to reach $73.5b in 2015
AfricaBusinessForum, 2015-06-05 05:00

The African Economic Outlook for 2015 has forecast foreign direct investment (FDI) into the continent to reach $73.5 billion in 2015, underpinned by increasing greenfield investment from China – which remains Africa’s largest trade partner after the European Union. It also shows an increase in intra-African and outward FDI flows. South African companies are the […]

Kenya leads East Africa peers in private equity inflows
AfricaBusinessForum, 2015-06-05 02:10

Kenya continued its dominance in the region’s private equity industry with the country accounting for more than 60 per cent of private equity deals recorded in the East African region. For the seventh year running, Kenya outpaced Tanzania, Ethiopia, Rwanda and Uganda to become the foremost preferred destination for investors, cementing the country’s position as […]

Mobile Africa set to connect
AfricaBusinessForum, 2015-06-04 09:59

WEFStage is set: Mobile technology and improving Africa’s capital market will be the focus of attention at today’s World Economic Forum on Africa at the Cape Town International Convention Centre. Photo: WEF Cape Town – Mobile technology and improving Africa’s capital market will take centre stage when the World Economic Forum on Africa (WEF-Africa) discussions […]

All systems go for WEF Africa 2015
AfricaBusinessForum, 2015-06-02 19:57

Workmen at the CTICC prepare for the World Economic Forum on Africa, which runs from June 3-5. Photo: Jeffrey Abrahams Cape Town -The South African government on Tuesday evening said it was all systems go for the 25th World Economic Forum meeting on Africa (WEF Africa) taking place in Cape Town from 3–5 June. WEF […]

Future of banking in Africa is mobile
AfricaBusinessForum, 2015-06-02 13:59

A Standard Bank employee shows a newly signed client how to use cellphone banking as part of a drive to take banking to poorer areas in Cape Town’s Khayelitsha township. The lender’s mobile transactions are already growing more than 50 percent a year. File photo: Reuters “In the next three to five years the vast […]

Indian Investors enter Africa chasing $1bn revenue opportunity
AfricaBusinessForum, 2015-06-01 21:59

Mahindra & Mahindra is looking to tap emerging business opportunities in Africa for which it has set up a new business unit to focus entirely on the continent. As per Mahindra & Mahindra, Africa has the potential to grow 10 times to around Rs 6,400 crore business in five to seven years. The India’s largest […]

SOLD OUT: AfricaBusinessForum.com – 2nd Investment Meeting – 23 May @Dubai World Trade Tower
AfricaBusinessForum, 2015-06-01 21:45

Join AfricaBusinessForum.com at our quarterly high profile Investment meeting that aims to bring together Business professionals, CEO’s, Entrepreneurs, Govt officials, Exporters, Buyers and Sellers, to highlight the trade and investment potential of Africa. Connect with other business owners, hear inspirational stories, and learn valuable tactics you can use to grow your business in […]