Editor’s note

Consumer spending in Africa is expected to roughly double by 2020 and give rise to a nascent middle class.Morocco,Ghana,Tunisia,Nigeria,Ivory Coast,Mozambique,Kenya ,Rwanda should among the economies experiencing such a trend.

In some other news ,Nigeria is thinking about the establishement of a sovereign wealth fund.

Related articles

• Investment ministry to create Diaspora fund, targets $18.6bn (vanguardngr.com)

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Post tags: africa middle class, Nigeria, Rwanda, Sovereign wealth fund

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Nigeria’s economy is forecast to climb to about $400 billion by 2016 from $268 billion this year( 2011).Nigeria’s economic boom may push the market value of the equity index to $1 trillion in five years time from $74 billion( 2011).Source |Business Week |

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Post tags: Economic growth, End of Poverty, Growth market, Leader, Nigeria

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When:29-31 October 2010

Where:Nairobi,Kenya

What: IPO48 is a boot-camp-style initiative to build new web and mobile services in just 48 hours.

IPO48 starts already 10 days before the actual get-together in Nairobi. Everybody can submit business ideas on HumanIPO, that way all participants can learn and evaluate ideas, ask questions, give their comments and find the potential ideas they would like to work on. On 26th of October we will announce 20 most popular business plans, which will be presented by the authors on Friday evening in IPO48.

IPO48 will peak with the new product demonstration on Sunday evening where the judges will pick the winner of the event. Besides of having strong technological solution for the product/service, the winning team needs to highly focus on their business model.

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Post tags: Africa, business, Economic trends, Initial public offering, Kenya, Nairobi, Small business

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Nigeria bans sale of unregistered Sim Cards [Story]

Zain Kenya, now owned by Bharti Airtel, is set to roll out 3G services in Kenya after it was granted a vlicence by the Communications Commission of Kenya (CCK). [Story]

TedXAbuja & TedXVictoriaIsland [Story]

Jobberman has just announced the release of their mobile version which allows jobseekers to get real-time information about the latest jobs in town right from their mobile phones. [Story]

Adlevo Capital announced its first closing of a $52 million capital commitment focused on technology-enabled businesses across sub-Saharan Africa, particularly in Nigeria and South Africa. [Story]

Gmail is available in Swahili and Amharic, adapting to over 100 million speakers located in East and Central Africa, and in the Diaspora.[Story]

Africa’s collective GDP, at $1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s. [Story]

Zoopy the South African social media platform has created a new iPhone application. [Story]

New regional air carrier, doing what Africa needswhich is point-to-point services.[Story]

Cresta Marakanelo, Botswana’s largest hotel operator, is on track for a June 17 listing on the Botswana Stock Exchange (BSE) judging by enthusiastic public response to the sale of 62,9 million shares in the company by Botswana Development Corporation (BDC).[Story]

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• “Nokia Money”- Safaricom Mpesa Here Comes The Big Boys ! (siku-moja.blogspot.com)
• Adlevo Capital|networks|Understanding of Technology|Operating Experience (omegascorpi.com)

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Post tags: Africa, Bharti Airtel, Botswana, Botswana Stock Exchange, Central Africa, Communications Commission of Kenya, Cresta Marakanelo, Kenya, Mobile phone, Nigeria, South Africa, Sub-Saharan Africa

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iHub First Look – Nairobi’s Tech Innovation Hub from Ushahidi on Vimeo.

The iHub is:

A free of charge redundant 10Mbs connection( hardwired and WiFi).

-Membership base ,the fee,  is that you have to be  indeed involved in the tech space as a programmer, web designer or mobile application developer.

-Fresh design and an atmosphere that is conducive to techies getting cool stuff done.

-Access to the entrepreneurs and startups who need space to meet with VCs, seed funders and local businesses.

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Post tags: Mobile, Nairobi, Programmer, Ushahidi, Vimeo, Web design, Wi-Fi

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In Kenya, the assets comprise four state-of-the-art cineplexes, with a total of eighteen luxury theatres and two media stores selling the latest books, music, Apple computing and filmed entertainment products. In Ghana, Silverbird has established the country’s first ever cineplex of five theatres fully equipped to international standards, with Dolby digital surround sound and contiguous with a media store.

In addition to Silverbird’s extensive Nigerian entertainment asset in Lagos, Abuja, Uyo, Port Harcourt, Jos, Owerri, Awka and Yenagoa, the Silverbird Group, with this investment, is now positioned as one the largest entertainment conglomerates in Africa. Silverbird Group has launched its media stores in Lagos and Abuja and has taken over the Nu Metro Cinema at Ceddi Plaza, Abuja.

In 2009, Silverbird will launch a further 12 screens planned for Abuja at its flagship entertainment centre. These latest developments will support Silverbird’s aspiration for market dominance in this field in Africa.

The group’s Executive Chairman, Mr. BEN MURRAY-BRUCE said, “Silverbird’s recent offshore acquisitions and expansion were made possible by forward-looking partnerships with businesses and individuals in South Africa, Zambia, and Ghana, allied with two of Nigeria’s finest financial institutions, Union Bank Plc, and FCMB Plc.”

This collaboration will enable Silverbird to improve the delivery of quality entertainment in Africa.

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• African Board (omegascorpi.com)

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Post tags: Abuja, Accra Mall, Africa, Business and Economy, Ghana, Lagos, Nigeria, Siverbird Group, Union Bank

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All these economic entities share the same situation, their assets net worth has historically been undervalued  or has recently decreased due to poor leadership,bad ratings,poor branding,pure ignorance,and war episodes. The fact is these nations while being considered unattractive by many present the following advantages:

large population/consumer base;15 million and up

Large pool of skilled workers

Industrial Tissue

Stable-strong Financial industry

Growing[rapidly] middle-Class

Vast land area [except for Sierra-leone and Rwanda]

Natural resources rich

Large and resourceful diaspora

To get you started on purchasing intangibles,check these sites below:

BRVM

Ghana Stock Exchange

Ethiopia Commodity Market

Zimbabwe Stock Exchange

Nairobi Stock Exchange

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Post tags: Barack Obama, Botswana, business, China, Commodity Market, Diamonds, Diaspora, Economy, Englang, Ethiopia, Europe, France, Germany, Haile Selassie, History, Homeland, Invest, Kanye West, Motherland, Mugabe, Natural ressources, Oil, Opportunities, retrun, Rwanda, Sierra Leone, South Africa, Thabo Mbeki

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“High-level groups of bankers from Industrial and Commercial Bank of China (ICBC) and Standard Bank are examining potential targets in Africa’s oil and gas, telecoms, base metals and power sectors, executives at the Johannesburg-based bank told …

Nigeria and Ghana are ripe for Chinese deals, with Mozambique and Congo close behind, the newspaper said..”[Quamnet]

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Post tags: Banking, China, China-Africa, CHineAfrique, Finance, Frontier Market, geopolitics, Investment, Standard Bank, Trends

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Google through their Sub-saharan arm, Google Africa recently made “a minority investment in Mobile Messaging Solutions, the parent company of Mobile Planet, a Nairobi-based company that specializes in the development of wireless voice & data applications for mobile devices in Kenya, with a special focus on SMS-based products and services.”[ Google Africa]

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Post tags: , Frontier markets, Google, Google Africa, Googleplex, Internet Penetration, New markets

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Vodafone[LSE:VOD;Nyse:VOD;Fwb:VOD] ] eventually finalised the acquisition of 70% of Ghana Telecom. The Ghanaian form with 1.4 million subscribers is the country third largest carrier. The investment by the British company is expected to generate substantial benefits to the Ghanaian economy.[ BBC Africa edition]

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Post tags: Emerging markets, Frontier markets, Ghana, Ghana Telecom, Telecommunication, Vodafone

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