Author: Staff Writer

Global alternative asset manager, The Carlyle Group has invested $147 million in Diamond Bank, a commercial bank headquartered in Lagos, Nigeria, with operations across West Africa and the UK. The investment came through the Bank’s recently completed $305 million (NGN 50 billion) rights issue. The rights issue improves Diamond Bank’s…

Leading telecommunications services provider, Airtel Nigeria, has announced popular On-Air Personality (OAP), Wana Udobang, as anchor for its new CSR programme, Touching Lives, a reality television show that is focussed on providing a lifeline for the less privileged. The show, which will air on terrestrial and satellite television stations, will…

A leading member of Swiss based Quantum Global group’s Advisory Board (http://www.quantumglobal.ch) has today accepted a key UN post based in Vienna. Célestin Monga, a Cameroonian national, an internationally recognized economist and currently Director of the Oxford University Press Handbook of Africa and Economics, has accepted the post of Managing…

The first mobile money service in the world to pay profit to its users Tigo announced today the first of its regular quarterly payments worth 3bn/- (US $ 1.8 million) to Tigo Pesa users. This payment comes three months after the company paid a staggering profit of TZS 14.25 billion…

Bharti Airtel (“Airtel”), a leading global telecom services provider with operations in 20 countries across Asia and Africa, yesterday evening launched Africa’s first 4G service in the Seychelles. Airtel has launched the service on a state-of-the-art network based on FD-LTE, making the Seychelles amongst the first countries in sub Saharan…

According to an in-depth study conducted by the Economist Intelligence Unit (EIU) on behalf of DHL Express (http://www.dpdhl.com), approximately 40% of global SMEs (small and medium-sized enterprises) do not perceive Africa as a growth opportunity, despite the positive economic growth stories and growing middle class in the regions. The report…

Today, JUMIA announced a new round of investments amounting to EUR 120 million. These investments, which were made by existing shareholders, strengthen the company’s position as the leading online retailer in Africa. Jeremy Hodara, co-CEO of Africa Internet Group said: “We are very pleased to have been given this show…

CFAO  announces the creation of its club of brands, a network of international brands wishing to support the rise of the African middle class. The following new-generation international brands are the first five members of this innovative club: La Grande Récré (Ludendo group), L’Occitane en Provence, Cache Cache and Bonobo…

Are you set for the Yakata Sales 2014? Have you made a shopping list already? We know for sure that fingers are clicking in preparation for the biggest sales yet, the epic ‘Yakata Sales’ brought to you by Konga.com, Nigeria’s largest online mall! The big shopping event, which is Konga’s…

If you are a writer, then you would need to get your books published also in electronic form, as an eBook Well, I am  here to give you a list of websites to start you out in your career as a published eBook author. Payhip Payhip will help you do…

After a rigorous screening process at the annual Nigerian Hospitality Security Workshop (NIHOSSEW 2014) Jovago.com was crowned with the Nigerian Hospitality Security Award for being the leading online hotel booking company in Nigeria. The NIHOSSE workshop is a yearly event held by the Nigerian Hospitality Security Network. It aims to educate…

African Business magazine in partnership with Brand Africa, Brand Finance Africa and TNS release the full results of their exclusive survey highlighting a full listing of Africa’s most valuable and admired brands. At the official launch at the Nairobi Stock Exchange, Brand Africa announced the 2014 Brand Africa 100®…

To mark World AIDS Day 2014, Apple and leading app developers are inviting customers to help (RED) achieve the goal of an AIDS-free generation. For the next two weeks, a special section of the App Store℠ called Apps for (RED) will offer 25 apps with exclusive new content where all…

Ideas they say rule the world, although an idea can only rule the world when it is conceptualized, an idea that remains in the mind cannot rule the world; the internet is an idea that is ruling the world. Almost everything is now connected to the internet from your light…

Online Shopping giant Konga has unveiled a Christmas TVC to herald the Yuletide season. The ad shows Dele, a busy man, meeting all his Christmas shopping needs on Konga.com Konga.com makes life much easier for him, delivering items to family members close by and far away. And Dele satisfies everyone…well,…

Everyone who loves to shop will understand what it means to look forward to the last Friday in November. All shoppers are convinced that this is one day in the year where you can get the best discounts on any and everything. This day is popularly branded Black Friday. On…

International property portal Lamudi has rolled out its iOS app for property seekers in a further 11 countries, making the popular mobile application available across the company’s global network. The iOS app has been progressively rolled out in countries across Asia, Africa, the Middle East and Latin America since it…

Leading financial institution, Access Bank Plc has collaborated with foremost telecom operator, Airtel to develop and launch mobile money service, Access Money powered by Airtel. This service allows customers to perform simple, secure and instant financial transactions using their mobile phones. With this innovative service, customers on the mobile network…

International Men’s Day is an annual occasion to recognize positive male role models and improve gender relations. In honor of the day, we have gathered five ways on how men can run a household better. Believe it or not, an article published by the Daily Mail has stated that men…

The Africa SME Champions Forum  closed on 12 November in Dakar, but its work in support of African champions is only just beginning. Bringing together over 300 SMEs and around 100 African economic and political policymakers, these two days of dialogue produced the foundations for a very concrete roadmap. This…