Business

A Network of African Business Influencers, Minted in Atlanta

The Mandela Washington Fellows who visited Atlanta for six weeks in June and July were emphatically positive about the leadership program that brought them across the Atlantic. The U.S. State Department’s Young African Leaders Initiative touched down in the city for the sixth straight year, once again bringing cohorts of 25 leaders each to three Atlanta universities. These 75 were the cream of the crop in the continent’s startup, … Continue reading A Network of African Business Influencers, Minted in Atlanta

This Could Be the True Pride of Africa: South African’s New Business Class on the A330

outh African Airways has gotten a fair amount of attention here at TPG. Through our involvement in PeaceJam, we’ve attended the annual PeaceJam conferences in both South Africa and Ghana, among others. A few years ago, TPG flew SAA’s A340-600 on its daily nonstop flight between New York-JFK and Johannesburg in order to get to the conference in Cape Town, South Africa. The carrier only flies to one other … Continue reading This Could Be the True Pride of Africa: South African’s New Business Class on the A330

Sudan trades in precious gold for cash

Gold business in Sudan seems to be booming as more people exchange the precious metal for cash as the country’s economic crisis shows no sign of slowing down. Many Sudanese save their money in form of gold. Due to protests and the tensions in the country since President Omar al-Bashir was ousted, more people are selling off their gold savings for cash to survive. “People … Continue reading Sudan trades in precious gold for cash

South Africa Factory Output Rises Most in Three Years in April

South Africa’s April manufacturing production rose the most since June 2016 as the output of iron and steel, as well as motor vehicles, parts and accessories, surged. Factory output increased 4.6% from a year earlier, compared with revised growth of 1.3% in the previous month, Pretoria-based Statistics South Africa said Tuesday in a statement on its website. The median estimate of seven economists in a … Continue reading South Africa Factory Output Rises Most in Three Years in April

Africa’s Billionaires

Rank Name Net WorthAgeOrigin of Wealth #1 Aliko Dangote $10.3 B62 cement, sugar, flour #2 Mike Adenuga $9.2 B66 telecom, oil #3 Nicky Oppenheimer $7.3 B73 diamonds #4 Nassef Sawiris $6.3 B58 construction, chemicals #5 Johann Rupert $5.3 B68 luxury goods #6 Issad Rebrab $3.7 B75 food #7 Naguib Sawiris $2.9 B64 telecom #8 Koos Bekker $2.3 B66 media, investments #8 Isabel dos Santos $2.3 … Continue reading Africa’s Billionaires

What Is The Richest Country In Africa?

Trade, agriculture, human resources, and industry are the major components of the African economy. As of 2012, Africa housed 1.07 billion people in the 54 countries of the continent. Though the country is rich in resources, the people of the country have been exploited for decades and are poverty stricken. It is expected that the African economy will reach a GDP of $29 trillion by … Continue reading What Is The Richest Country In Africa?

Business

Six up-and-coming South African entrepreneurs playing a major role in growing the country’s economy

In a special 2019 series, Compelo is shining a spotlight on South Africa. Here, Dan Robinson profiles some of the emerging entrepreneurs in South Africa, who are helping to grow the economy of both country and African continent As the birthplace of Elon Musk, South Africa is associated with one of the world’s most prolific entrepreneurs as the SpaceX and Tesla founder continues to capture … Continue reading Six up-and-coming South African entrepreneurs playing a major role in growing the country’s economy