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Africans are active participants in the social media industry, here are a few examples: Motribe - This South African company enables you to create your own mobile social network with speed and ease and offers you great social tools to power your mobile social network MXit - A South Africa-based mobile social network. Over 27 million registered users, adding over 40,000 every day. Check out this cool infographic about MXit Adloopz - An innovative Nigerian startup that puts a social twist to advertising on the internet Personera - Personera lets you create custom artifacts from your content on social networking sites like Facebook Nikohapa - A Kenyan startup that offers Foursquare-like checkins made simple and that reward you with discounts for checking in to partner stores Ushahidi - Crowdsources information using multiple channels including social networking platforms like Twitter  Swift River - An Ushahidi project that adds super data processing to data coming from sources of unstructured information such as a twitter feed Zoopy - Another South African company that focuses on mobile video ForgetMeNot Africa: bridges the huge gap between the internet and mobile messaging worlds allowing any mobile phone to send and receive email and chat message on any carriers network. Quirk eMarketing - A digital marketing agency that also helps companies make use of social media for great results. Quirk has also spawned other cool companies in social media such as BrandsEye that creates great tools for online reputation management and crowdsourcing company IdeaBounty. And as far as group buying is concerned, Groupon has inspired many an African groupon clone. There are numerous African companies playing in this area - Rupu and Zetu in Kenya, DealDey in Nigeria, and a whole lot of others in South Africa

Craft Silicon provides bespoke, cutting-edge software in core banking, microfinance, mobile, switch solutions and electronic payments for customers on four continents. The company services over 200 clients in 40 countries spread across Africa, Asia, Europe and the Americas. Clientele includes some of Africa's most successful financial institutions, and the company has offices in Kenya, India, Nigeria and the United States. Craft Silicon has an office in Silicon Valley - in Palo Alto, California - one of the very few Kenyan companies to achieve such a feat.

Vying with Nigeria to be Africa's largest producer of crude oil, Angola is awash with Chinese credit to the tune of $14.5 billion. The IMF reckons its GDP will grow by 7.8% this year and 10.5% next. Portuguese building companies such as Teixeira Duarte, Soares de Costa and Mota Engil have been switching from the home market to Angola's. Portuguese banks dominate Luanda's financial sector. But the tables may be turning. Now Angolan state and private investors are eyeing Portugal. Angola's Banco BIC, part-owned by Isabel dos Santos, the eldest daughter of Angola's president of 32 years, José Eduardo dos Santos, is to buy Portugal's Banco Português de Negócios (BPN) for $58m, a fifth of the original asking price of $260m. The IMF made the sale of BPN a condition for Portugal to get its recent bail-out of $113 billion.