Businessmen around the world are always looking for new global markets for investments. Relatively quietly, Nigeria has become an attractive market for American businesses. In fact, it’s the largest and most important market in Africa and one of the more exciting emerging markets in which to invest. With a population of approximately 180 million (twice …

April 7, 2014, marked a historic day for Nigeria, with the rebasing of our GDP to nearly $500 billion. This new figure makes us the largest economy in Africa and the 26th larget in the world. Not only has Nigeria overtaken South Africa as Africa’s largest economy, but we are now on par with Poland …

In this interview with ThisDay, Dr. Wiebe Boer, CEO of The Tony Elumelu Foundation, speaks about a $150,000 donation to the African Union Foundation.

By Lawrence Mbae Without strong industries to create jobs and add value to raw materials, African countries risk remaining shackled by joblessness and poverty. Côte d’Ivoire and Ghana produce 53percent of the world’s cocoa. But the supermarket shelves in Abidjan and Accra, their respective capitals, are stacked with chocolates imported from Switzerland and the UK, …

Tony O. Elumelu is a respected African voice. The private sector, national governments and development agencies should work together to achieve long-term impact that creates economic prosperity and social wealth for all, urges the father of “Africapitalism”. [wpfilebase tag=file id=8 tpl=simple /]

On Saturday, 22 February 2014, Tony O. Elumelu, CON, received the Investor of the Year Award, presented by The Sun. The award recognizes his contribution to the growth of the Nigerian economy, highlighting his “remarkable” $2.5 billion commitment to the Power Africa initiative.  We send a hearty congratulations to a courageous African investor and leader, whose …

The spirit of entrepreneurialism, with its promise or reduced youth unemployment and economic renewal, is certainly gathering steam across Africa. But true entrepreneurship-led transformation will require a mindset shift amongst Africa’s small business owners.

Like Mr. Elumelu, other top African philanthropists also appear to be changing tactics, focusing on investments in areas likely to accelerate Africa’s prosperity in addition to their interventions in humanitarian crises such as floods.