Do you know your Laduma from your Vuvuzela? Your Diski from your Makarapa? And why is everyone in Johannesburg screaming Bafana Bafana at me?
In the half-century since colonial administrators began packing their pith helmets and heading home, sub-Saharan Africa has experienced a string of false dawns.
Long before there was MoneyGram and Western Union, people in South Asian countries often used an informal network of brokers, called an "hawala," to transfer money over long distances when it was too inconvenient or dangerous to send cash by courier.
The recent media interest in the use of mobile phones to make donations to the Haiti appeal has cast light on the potential of mobile technology to transform the way we send and receive money in the future.
A suitcase containing $1 million in shrink-wrapped bills, hand-carried into New York by the former president of Gabon for his daughter to buy a Manhattan apartment. Purchases of a stretch Hummer H2 armored limousine and C-130 Hercules military transport planes for a civil war in Angola. And a shell company named Sweet Pink used to funnel millions of dollars into the United States from Equatorial Guinea.
The headlines at the World Economic Forum's annual meeting in Davos were dominated by banking regulation and reform, the shape of the recovery and Greece's Euro crisis. But it wasn't all about government, business and the economy, Bill and Melinda Gates announced that their foundation was committing $10B over the next 10 years to help research, develop and deliver vaccines for the world's poorest countries.
The global slowdown has caused a radical change in the way people buy and use products, but fast-moving consumer goods like Coca-Cola are less impacted by the change, Muhtar Kent, CEO of the Coca-Cola Company, told CNBC Thursday.
The market won't retest its March lows, but it will turn choppy around January or February, said Joe Quinlan, chief market strategist at Bank of America.
Forget China. The next big growth story in the next decade is Africa. With a population that’s fast approaching the one billion mark, Coca-Cola’s CEO Muhtar Kent believes that “Africa is really going to blossom in the next decade.” Kent wasn’t the only one to talk up Africa’s potential last week.
The deep waters off the coasts of countries like Brazil and Sierra Leone have become hot spots for large discoveries of oil this year as exploration continues to move further from shore.
Somali pirates holding a hijacked ship off the coast of Somalia fired at a U.S. Navy helicopter as it made a surveillance flight over the vessel, the first such attack by pirates on an American military aircraft, the Navy said Thursday.
Africa's investment fortunes are shifting, as the 'Dark Continent' becomes gradually less depended of its main trading partner, Europe, and attracts investor from fast-growing emerging countries.
Emerging markets were the shining light when the world entered recession last year, but even these developing economies have been struck by the global slowdown. But as China and India continue to grow and Japan exits out of a contraction, are emerging markets becoming the world's saving grace, and if so, how should investors be taking advantage of the opportunities there?
Peter Kenny, managing director at Knight Equities and Charles Campbell, senior sales trader at Miller Tabak & Co. weighed in on the best places to invest now.
A strike by metro drivers wrought havoc on the streets of London, with thousands of commuters seeking alternative ways to get to work and overground traffic sometimes grinding to a halt.
The fight against corruption in Africa’s most pivotal nations is faltering as public agencies investigating wrongdoing by powerful politicians have been undermined or disbanded and officials leading the charge have been dismissed, subjected to death threats and driven into exile.
African countries are improving politically and economically and their businesses are doing "great," said Lawrence Speidell, portfolio manager at Frontier Market Asset Management.
Peter Kenny, managing director at Knight Equities and Paul Hickey, co-founder of Bespoke Investment Group weighed in on the best places to invest now.
Thursday's losses could continue, the Mad Money host says. Plus, his top Africa picks.
There are a lot of great opportunities to invest in Africa today, said David Riedel, president of Riedel Research Group.