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Business

Facebook now has 1.44 billion monthly users

Facebook may have missed Wall Street's estimates for its latest quarter, but it continues to grow at a healthy clip when it comes to...

Egyptian Tycoon Naguib Sawiris Makes $100 Million From Sale Of Mining Company

Egyptian billionaire Naguib Sawiris has reportedly sold a 44% stake he owns in Ariab Mining Company to the Government of Sudan for $100 million. According...

Facebook launches standalone messaging app for the web

Facebook rolled out a web browser version of its standalone Messenger app on Wednesday. Like the Messenger mobile app, the web platform — which can...

Ethiopian Airlines Announces New Mobile Ticketing System

Ethiopian Airlines has announced the commencement of mobile payment for online ticket purchases in Ethiopia. The new service is powered by the payment service...

West Africa’s Dangote Group Enters Joint Venture With Italian Giant Saipem

Dangote Group, the West African industrial conglomerate owned by Africa’s richest man Aliko Dangote, has announced a multi-million dollar Joint Venture agreement with Italian...

Swedish DJ Avicii Buys $1 Million Home In Malindi, Kenya

Swedish EDM DJ and electro house record producer, Avicii, has reportedly acquired a luxury home on the shores of Kenya’s coastal resort of Malindi. According...

Sunflower cooking oil factory is on fire

Sunflower cooking oil factory burning in Durban. A factory that manufactures cooking oil went up in flames early hour of this morning with a huge...

First 1,000 African Entrepreneurs To Receive $5,000 Grant From Tony Elumelu Foundation

The Tony Elumelu Foundation (TEF) has announced the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP). TEEP is a...

Africa’s Richest Woman Isabel Dos Santos Proposes Merger Of Millennium, BPI

Africa’s richest woman Isabel dos Santos has reportedly proposed a merger between Banco BPI and Millennium bcp – two of Portugal’s largest listed banks,...

Ghanaian Venture Capitalist Making An Impact On The Kenyan Economy

Ghanaian-born Kris Senanu is the Managing Director of Access Kenya Group, one of Kenya’s largest Internet service providers. Senanu, 41, started off his career...

Somali Startup WorldRemit Raises $100 Million

WorldRemit, a London-based online money transfer service that lets people send money to friends and family in other countries, has raised $100m in a...

Facebook is working on virtual reality apps for social experiences

Facebook believes that one day we'll be able to connect with friends in virtual reality, so users can eventually experience someone's vacation as though...

IMF Announces $40 Billion Bailout Package For Ukraine

Even as political leaders were negotiating a ceasefire for eastern Ukraine, the IMF has unveiled a new bailout package for Kyiv. The battle with...

Mohammed Hamid, A Sudanese Foreigner Who Became A Millionaire In Uganda

Mohammed Hamid is one of Uganda’s most successful and prominent entrepreneurs. He is the Chairman and founder of Aya Group, a $200 million (annual...

Africa’s Most Promising Young Entrepreneurs

Africa’s growing crop of young entrepreneurs will transform the continent and rewrite its future. And they are taking charge of that destiny now. Today,...

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