African governments need to prioritise the development of critical infrastructure in order for their citizens to be able to benefit from the full potential of mobile telephony, researchers have said. A new study published in the summer issue of Journal of Economic Perspectives argues that the mobile phone boom in Africa can only transform the [...]

Bob Geldof plans to raise $1 billion for an African investment fund to be called 8 Miles. Geldof is well known for his campaign for increased aid and debt forgiveness for African nations.

China and Nigeria are building one of Africa’s largest free trade zones in the commercial capital, Lagos. Chinese companies will use the facility to manufacture goods for export throughout Africa. Located on the tip of the Lekki Peninsula in Lagos, the 16,000 hectare free trade zone will develop local manufacturing and reduce Nigeria’s dependence on [...]

Over the last eight years, economic growth in Africa has been encouraging. Many governments balanced their budgets and created a better, safer environment for companies. A panel of regional business leaders discusses business prospects on the continent.

Researchers warned on Tuesday that common medicines sold as expensive branded drugs could push tens of millions of people in low and middle income countries below the poverty line. The study analysed the number of people who would fall below daily income levels of 1.25 and 2 US dollars if they had to pay for [...]

A peasant farmer creates innovative tools through trial and error. “I looked around and I found that certain things were missing in my life so I studied very closely things that the government supplies…I just kept trying, trying, and trying until they eventually worked.”

Strong prospects await global companies that invest in the continent’s consumer, agricultural, natural-resource, and infrastructure sectors. These sectors combined could be worth $2.6 trillion in annual revenues by 2020.

Jacana aims to expand the provision of growth capital funding and resources to small and medium-sized growth businesses throughout Sub-Saharan Africa.

Nigerian President Goodluck Jonathan has approved the creation of a new government agency to buy out bad debts from the banking system. The move, announced on Monday, aims to solve the country’s financial crisis by absorbing some of the estimated 10 billion US dollars of bad loans that rocked its banking system in 2009. During [...]

With little sums of donated money, a U.S-based African helps improvised women in her home country launch 60 new businesses each month. A must-read success story out of Democratic Republic of Congo!