AfricaOracle - Business & Finance

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Africa's Richest Woman Isabel dos Santos Might Resign From Sonangol

Africa’s richest woman, Isabel dos Santos, might resign as Chairman of state oil firm Sonangol before Angola’s General Elections in August.<p><i>The Expresso,</i> a Portuguese newspaper, which quoted an anonymous source from Angola’s ruling party, said that Isabel dos Santos plans to leave the position …

Africa

7 Inspiring Young African Entrepreneurs To Watch In 2017

Next week, I will publish the annual list of the 30 most promising young entrepreneurs in Africa – a list of 30 entrepreneurs who are all under 35 and making the most dramatic impact in business in Africa.<p>Ahead of that, here are 7 inspiring young African entrepreneurs who you need to watch out for …

Africa

Nigeria is relaxing visa rules to make it easier for foreigners to do business in the country

The process of obtaining a Nigerian visa has been likened to a “camel passing through the eye of a needle.” To visit, foreigners need to successfully navigate a maze of paperwork both before and after they get into the country. But that’s set to change, eventually.<p>As part of a 60-day plan to …

Nigeria

12 Things You Didn't Know About Zimbabwean Business Mogul Strive Masiyiwa

Strive Masiyiwa is a highly successful business mogul. Photo: iMzansi<p>Zimbabwean business mogul Strive Masiyiwa has been incredibly successful in his …

Meet Michelle Ntalami: Entrepreneur Extraordinaire, Founder of Marini Naturals

With the creation of <b>Marini Naturals</b>, <b>Michelle Ntalami</b> is the creative and entrepreneurial force behind Kenya’s first organic hair line for Black women …

Hair Care

Ethiopian Entrepreneur Builds Sustainable Fashion Business Manufacturing Apparel In Africa

Manufacturing apparel in Africa is expensive. Training and quality control are expensive. For many Western companies, Africa is a fresh start — an …

Lesotho's 'pilot' fruit and flower farm

Fruit and flowers are the focus of a new commercial farming venture in the central region of Lesotho.<p>The farm is the result of a World Bank pilot programme, which gives smallholders money to buy a stake in a 10-hectare farm and grow high-value crops such as apples, cherries and plums.<p>The BBC’s …

Farming

Meet Jacqueline Ntuyabaliwe,The Beauty Queen From Tanzania Who Is Building A Furniture Empire

Weaving in and out of Dar es Salaam’s grating midday traffic in her chauffeured white Mercedes S550, Jacqueline Ntuyabaliwe, a svelte 38-year-old beauty, is transfixed by an image of a dining set on her phone. With a slim, elegant finger, she prods her cellphone screen to show me the picture she’s …

Dar Es Salaam

3 African Countries Among World’s Most Powerful Economies By 2050, Says PwC

Photo: worldbank.org<p>The world economy could more than double in size by 2050, far outstripping population growth, due to continued technology-driven …

Economics

Ethiopia looks to mining to add shine to its success

File: Ethiopia had made a strong commitment to work with companies, both big and small, to develop mineral resources, whether that be by providing …

Natural Gas

Zambians not gaining from rising copper prices

One commodity that has been showing signs of recovery recently is copper. In early 2016, the metal was fetching half the price it did in 2012. However, the market seems to be staging a remarkable come-back, not least because of promises by President Trump to increase infrastructure spending in the …

Energy

How This Woman Built A Million-Dollar Cosmetics Business In Kenya

Suzie Wokabi is one of Kenya’s most exceptional female entrepreneurs. Eight years ago, she founded Suziebeauty, Kenya’s leading indigenous cosmetics brand after a successful career as a television make-up artist in Los Angeles, California. SuzieBeauty now manufactures everything from lip-gloss and …

Makeup

7 African Countries Favored For Infrastructure Investment In 2017

The Marcory interchange under construction in Abidjan, Ivory Coast. Photo: jda.ci<p>African leaders view modern infrastructure as vital to economic …

How Jack Ma’s Acquisition Of US-Based MoneyGram Could Be Good For Africans

Photo: thecommonwealth.org<p>China’s richest man, Jack Ma, and his acquisition of U.S.-based money transfer firm MoneyGram show the importance of …

Urban Outfitters

Opinion: Africa Could Easily Be A Global Economic Powerhouse Within 10 Years

Senegalese factory. Photo: PressAfrik<p>In today’s interdependent global economy, Africa is a weak link. The continent is not destined to lag behind the …

3 Things Driving Entrepreneurial Growth in Africa

Fatigue may be setting in for some Western investors’ interest in African innovation, particularly those that have yet to reap rewards to brag about. Even a star company like Nigeria’s online retailer Jumia (known by some as the potential “African Amazon”) is struggling to return profits to early …

Ethiopia's Sugar Revolution Has Attracted A New Investor: Aliko Dangote

Dangote Sugar Refinery general meeting, May 23, 2014. Photo: CKNNigeria.com<p>Aliko Dangote, CEO of Nigeria’s massive Dangote Group, said he wants to …

Atlas Mara and Mastercard's partnership to provide financial access to millions

<i>The partnership aims to include millions of consumers and thousands of merchants to the formal financial sector by 2020</i><p><b>February 1st, 2017 –</b> Atlas …

Development experts debate Trump's likely impact on Africa

<b>Trending</b><p>OECD DAC meetings<p>#GradSchoolWeek<p>Rohingya refugee crisis<p>From Healthy to Secure<p>Inside Development<p><b>The future of US aid</b><p>Development experts debate …

15 Best Countries For Business in Africa

Africa's 15 Best Countries for BusinessThe African continent is buzzing with potential. Rich in natural resources, a hardworking population, and huge …

Africa

At WEF, Dangote canvasses tackling power deficit to improve economy

Tony Elumelu<p>Leading industrialist and President, Dangote Group, Aliko Dangote, has told the audience at the World Economic Forum (WEF) holding in …

Aliko Dangote

Davos 2017: Entrepreneurship and innovation are top of the list

<i>Entrepreneurship and innovation on the continent is a massive focus right now, as economies look to diversify and grow. Siki Mgabadeli is in Davos at</i> …

Africa

A 23-year-old who wants to make Africans rich

With three operational businesses already, Bear Run Investments director Nelisiwe Masango is so passionate about business and investment that you …

Wealth

How Africa is represented at WEF 2017

DAVOS - A record 3,000 leaders from government, business and civil society have gathered in Davos, Switzerland for the 47th annual meeting of the …

Africa

Nigeria to issue $300 million diaspora bond

The Nigerian government has announced that it is planning to issue a diaspora bond by March 2017. The bond is aimed at raising investments from …

Africa

12 Things You Don't Know About The Cosmetics Industry In Africa

The SuzieBeauty counter at Junction Shopping Mall in Nairobi. Photo: Sven Torfinn/International Herlad Tribune/nytimes<p>The cosmetics industry in …