africa

“Although global e-retailer Amazon celebrated its 20th anniversary in July, eCommerce companies in Africa are only now beginning to mark and / or accelerate their presence in the marketplace. An example is Nigeria online retailer, Jumia, which despite being founded only two years ago, is quickly gaining market share within the country which reiterates the region’s potential.   A recent report by McKinsey & Company(1) also revealed that, eCommerce could account for 10% of retail […]

internet Africa

Nigeria is now home to over 48 million Internet users according to the Director General of the country’s National Information Technology Development Agency, Dr. Peter Jack. According to him, Information and Communications Technology contributes over 8 per cent to the country’s Gross Domestic Product and is now growing at about seven percent annually. The country’s target is to grow its ICT industry to about 15 per cent of GDP.   To tap into its rapidly growing […]

cybersecurity

In September spammers produced topical new versions of the old “Nigerian Letter” scam, this time based on the Ebola virus. According to company’s experts several mass mailings exploited this theme. A large part of the major theme mailings promoted products and services using popular social networking sites: the spammers promised an instant influx of new customers and income growth.   “Spammers routinely try to exploit breaking news and topical events. The scammers seldom miss an […]

AIRTEL

A new report from Juniper Research has claimed that voice and messaging traffic lost to OTT (Over The Top) players such as WhatsApp, Facebook and Skype will cost network operators $14 billion in revenues globally this year, up by 26% on 2013.   The report – Mobile Operator Business Models: Challenges, Opportunities & Strategies 2014-2019 – found that in a number of markets, including Italy, Spain and the UK, operator mobile voice revenues had fallen to less than 60% […]

eldi awka

The National Agency for Science and Engineering Infrastructure (NASENI) wishes to employ dynamic, focused and result-oriented professionals to fill the position below in its Development Institutes: Job Title: Managing Director, Electronics Development Institute (ELDI) – CONRAISS 15 Location: AwkaJob Description The Electronics Development Institute, Awka has the mandate to develop technologies required by the electronics materials and equipment industries, and in particular, to undertake research, development and production work into the following: System for the production […]

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Social Media Week Lagos (SMW Lagos) co-produced by Dragon Africa and AFRIKA21 returns to Lagos, Nigeria for a third year February 23 – 27, 2015.  SMW Lagos was launched in 2013 with Lagos being the first African city to host the international conference.  To date over 15,000 people have participated in the now annual conference and more than 400,000 people have engaged with SMW Lagos content online. #SMWLagos is part of the larger Social Media Week global conference, […]

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President Goodluck Jonathan has directed that all the anti-Ebola measures taken after the entry of the virus into the country last July should remain in place, and that health officials should continue to actively screen persons entering the country for any sign of the virus.   The directive follows Monday’s declaration by the World Health Organization (WHO) that Nigeria is now officially Ebola-free after 42 days without any incidence of the virus.   Spokesman Reuben […]

power

Speaking at the Financial Times and the Emerging Markets Private Equity Association’s Private Equity in Africa Summit in London on Wednesday, many guest speakers were optimistic about investing in countries outside of the continent’s more developed markets such as South Africa.   Countries mentioned included Sierra Leone, the Democratic Republic of the Congo and Ethiopia, three of the world’s fastest-growing economies, according to the World Bank. All three countries are also among the world’s poorest, […]

tony elumelu

Tony O. Elumelu Founder of The Tony Elumelu Foundation and Chairman of Heirs Holdings has announced the launch of The Elumelu Nigeria Empowerment Fund. The Fund was launched by President Goodluck Ebele Jonathan of Nigeria, with the purpose of revitalizing the economies of post conflict and disaster communities across Nigeria.   The Elumelu Nigeria Empowerment Fund was created out of the N2.5 billion donated by The Tony Elumelu Foundation and Heirs Holdings companies. This donation was announced at […]

investor

Fundraising by Africa-focused private equity has rebounded after the global financial crisis, buoyed by support from the international development finance institutions. Now, the industry hopes to unlock billions of dollars held in African pension funds to dramatically increase the resources available for investment.   Some international investors have found private equity an effective way to gain exposure to Africa’s fast-growing economies without having to use the continent’s under-developed public markets, which often suffer from weak […]

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