Women in Ghana Own 46 Percent of Businesses – Mastercard Index of Women Entrepreneurs

Women in Ghana own 46 percent of businesses – Mastercard Index of Women Entrepreneurs Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE), it has been revealed that 46.4 percent of businesses in Ghana are owned by women, making it one of the top performing African countries highlighted in the index. The MIWE…

Prosperity in Rising in Africa, Driven by the Region’s Growing Middle Class

Sub-Saharan Africa’s rising population and economies have led to a growing middle class and, in turn, more spending power which provides “a vast source of potential for prosperity,” per experts at the African Development Bank. The big picture: Since 2000, the wealth of sub-Saharan African nations has been growing much faster than the global average and than…

$500 Million Belonging to World Airlines Trapped in Angola

Angola still owes more than $500 million to international airlines including Emirates, Deutsche Lufthansa AG and Air France-KLM, one of many items in the in-tray of new President Joao Lourenco as he tries to revive the economy. Africa’s second-biggest oil producer is withholding repatriation of the funds amid a persistent shortage of foreign-currency reserves, according to the International…

The Ethiopian Multi-Millionaire Who Built Africa’s First Marriott Hotel

Apart from Saudi-Ethiopian billionaire Mohammed Al-Amoudi, Samuel Tafesse is arguably the most popular businessman of Ethiopian origin. The 60-year-old real estate mogul is the founder of Sunshine Investment Group, a construction and development company that develops residential, leisure, and commercial properties in Ethiopia and the Middle East. Since its founding in 1983, Sunshine Investment Group has built…

Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe

  Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe African bonds outperformed emerging-market average this year Key challenges lie ahead, with IMF warning of credit risks Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover…

Africa’s Richest Woman Making New Deals After Being Fired From Sonangol

    Africa’s Richest Woman Making New Deals After Being Fired From Sonangol Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part…