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Latest News Archive 5

Credit Suisse: Slower Growth in Emerging Markets Due to Sign of Maturity

Head of Equities & Investments at Credit Suisse suggests emerging markets still have a role to play in your portfolio.

African Cashless Mobile Transactions Reports Maybe Inflated

African cashless spending growing by 20%.

BLPS: Power, Corruption & Finance Limit Business in Nigeria

Survey highlights obstacles Nigeria is facing in order to grow.

Ghanaian Business Owners Express Concern With Nigerian Corruption

Attendees to “Made in Ghana” says entrepreneurs fear bribery, delays and insecurity.

Capital Market Operators Say Nigeria Needs Greater Political Stability

Separate companies claim political instability is affecting participation in the exchange.

Chatham House: Nigerian Oil Theft has Reached An Industrial Scale

Nigeria loses 5% of its oil output to theft.

Plunket Research: Africa is the Next Consulting Frontier

Multinationals moving into Africa expect high-quality consultant advice.

Business in Africa Pays to Sponsor Going Global

“The Africa Pavilion” will provide delegates with practical business development tips.

France: Nigeria is by Far Our First Partner in Africa

French Minister for Foreign Trade calls on French companies to invest in Nigeria.

JP Anderson Creates System to Help Small Businesses in Africa

“The West Africa Over The Counter Market System” will help businesses find finance and advice.

Nigerian Imports Twice as Much From Asia as From the US

Total exports increase by N90.8bn in Q2 2013, imports decrease.

Nigeria is a Huge Real Estate Opportunity, The Story is Getting Out Slowly

Successful property developments can yield 35%, but be aware of the risks, reports Reuters.

Stanlib: Nigeria May Replace South Africa in G20

Chief Economist says Nigeria’s growth rate has accelerated meaningfully.

Rand Merchant Bank Publishes Annual “Where to Invest in Africa” Report

Nigeria jumps Egypt to become second most attractive investment destination in Africa.

Ben Goldacre Joins “Africa Check” Board of Directors

Famous sceptical writer puts his weight behind dispelling African myths.

Billion Dollar Deal Moves Nigeria Closer to Oil Independence

Africa’s richest man, Aliko Dangote, signs deal to build Africa’s largest refinery.

Konga: Online Shopping Firms to Boom in Nigeria

Chief Executive Officer Says Future is Bright Despite Challenges.

MAN: Nigerian Government Should Rapidly Industrialise Economy

Manufacturers Association of Nigeria Says Manufacturing is the Soul of Every Economy.

Sweden: Nigeria Has What it Takes to Excel

Swedish State Secretary: Clear change in business climate, favouring Africa.

First Bank Nigeria Sees Slower Loan Growth in 2013

Loan Growth Expected to Slow to 10% After New Regulations.

Mobile Phones are the Key to African Transformation

Manifest Mind Expects African Mobile Phone Sector to Grow 20% Until 2020.

Nigerian Government Speaks of Terror Threat to Economy

Nigerian Justice Minister: terrorism weighs heavily on Nigerian economy.

FEC Approves N124bn Road Repairs

Federal Executive Council Invests in Nigerian Roads.

Strong Growth is Driving African Property Boom

Report shows rising wealth is driving demand for high quality commercial & residential property.

Canada’s Cooter: I Don’t Think There is a Threat to Investment in Nigeria

Canadian High Commissioner to Nigeria Speaks about the State of Nigeria With Optimism.

Nigerian Forces Kill Boro Haman Second in Command

Death of Momodu Bama confirmed by captured Boro Haman militants.

Zenith Bank First-Half Profits Stall in H1

Net income increases slightly despite enforced fee-cut.

Nigeria: Boko Haram is No Threat

Nigeria’s Interior Minister says Boko Haman Has Pushed Militants From Strongholds.

Nigerian Businesses in Favour of Petroleum Bill

Petroleum Industry Bill Designed to Combat Corruption in Nigerian Oil Market.

Pension Funds Reaping Rewards in Africa

Africa’s Investment in Pension Funds Could Triple Over 10 Years.

Air Travel in Africa Grows in June

African airlines are benefiting from strong domestic growth.

IFC to Expand Investment in Nigeria to $2bn

International Finance Corp Plans 25% Increase to its Investments in Nigeria.

IHS Nigeria Plc Raises $1bn for Investment

Chief Executive Darwish says telecommunications company plans to double its assets.

China and India: The scramble for business in Africa

BBC takes a look at how China is moving in on Indian business in Kenya.

Mobius: Africa could be the emerging market story of the next decade

Emerging markets veteran’s prediction bearing fruits sooner than expected.

Ghana Targets Investment Through Training & Incentives

Study Highlights the Efforts Ghana is Making to Create Jobs.

Business in Africa Pays Finalises Partnership With Platinum Integrations

Deal enables subscribes to get 25% to “Business in Africa Pays: Nigeria.”

How We Made it in Africa: Accra is Making a Name for Itself

deVere Group: We were literally totally surprised about the opportunity that exists there.

Boateng Pushes for $400m Sub-Saharan Investment

Ozwald Boateng Backs “Made in Africa’s” Drive to Raise Investment in Infrastructure.

Ghana to Issue Second Eurobond

Sources reveal plans for 10-year bond with 8.125% yield.

MAN: Nigeria’s Manufacturing Sector Generated N140bn Investment in 2012

Manufacturers Association of Nigeria reports that investment of N140bn led to 20.5k jobs

Roubini: Trouble in Emerging-Market Paradise

As Growth Slows in the BRIC, is the Emerging Market Dream Over?

Nigeria Plans to Withdraw 1,200 Troops for Mali

In an attempt to strengthen its northern territories, Nigeria brings home a proportion of its troop from Mali.

The Washington Post: Africa is the Next Asia

The American website claims the future of the Earth is “Africa-Driven”.

Nigeria’s President Jonathan Considers N10bn Cassava Trust Fund

Minister for Agriculture & Rural Development says Growth Enhancement Scheme Will Push Agriculture to Best Year Yet.

Nigeria’s Jonathan Goodluck Signs Pact with Kenya

Accord between Kenya & Nigeria will boost areas of mutual interest including trade, tourism & education.

Nigeria’s Inflation Falls to 8.4% in June

Inflation continues to drop after falling below 10% in January.

E&S: Why We’re Backing “Business in Africa Pays”

Ade Stone: “Business in Africa Pays” is a Conduit to Doing Business in Nigeria.

The Telegraph: Economic Focus Should Shift from the BRICs to Africa’s Emerging Markets

The English newspaper claims that corruption and vested interests are stifling growth in the BRIC.

Handicraft Expects 50% Growth in 2014 Due to Demand in Emerging Markets

Exports Are Expected to Reach $5bn in 2013/14

Nigeria Finalises $1.1bn Loan to Invest in Infrastructure

China Lends Nigeria $1.1bn at 3%.

Ghanaian Government to Conclude EPA by Early 2014

Minister of Trade & Industry Urges Ghanaians to Diversify Their Export Strategy.

BusinessDay: $2bn Untapped in Nigerian Ship & Oil Rig Repair Sector

Empty repair docks in Nigerian ports mean the ship repair industry is missing out on up to $2bn.

BDL: Variety of African Market is a Challenge

Business Daily Live notes part of the difficulty to doing business in Nigeria. Companies may need to tweak their strategies in-order to be successful.

Nigeria Daily News: Investors Can’t Say No to Nigeria

Nigeria Daily News writes a good article on the pros and cons of doing business in Nigeria, and speaks to some that have done it successfully.

Chevron Nigeria Spends $3bn on Operations Annually

Chevron Nigeria shares the effect of its corporate responsibility strategy.

Hitachi VP Bullish on Opportunities in Nigeria

Steve Murphy describes the market growth in Nigeria as “Incredible.”

IMF: Strong Growth Expected in Sub-Saharan Africa

The export of raw materials is pushing West Africa from strength to strength.

Ghana’s Budding Oil Industry May Provide Local Jobs

Oil companies are the big winners in Ghana, but huge growth shows other benefits from drilling.

Obama: US is Not Threatened by Chinese Presence in Africa

US President says that Africans must consider who is doing more for their countries ethically when choosing a business partner.

Obama Says Africa is Ready to Do Business

US President Obama spoke today on the problem of US companies not making the most of opportunities in Africa

Standard Chartered Bank 2013 Predicts Strong Profits Due to African Growth

Standard Charter attributes some of it’s strong profits to it’s business in Africa.

Ashburton Highlight Long Term Growth Opportunities in Africa

Ashburton devise new fund to take advantage of the African boom.

Inventor of BRIC Acronym Names Nigeria Champion of Strong Growth

Jim O’Neill mentions that Nigeria and other parts of Africa are holding the torch for economic growth.

Euromonitor Spies Investment Opportunities in African Markets

Euromonitor has identified 5 African countries that they believe hold investment potential.

Coca-Cola Campaign Shows the African Spirit

To lighten your day a little, take a little look at the way Coca-Cola is marketing itself to Africa.

Why Should British Business Should be Part of the Nigerian Agenda?

Chuka Umunna sat down with Tayo Fagbule to discuss why he’s been pushing the business relationship between the two countries.

African Union Highlights Progress in Africa

President of The African Union Commission, Zuma, says economic growth equated to the stabilisation of peace and better democracy.

New Hope for Better Internet Access in Africa

Ushahidi creates a wireless router it calls “The Backup Generator of the Internet”.

South Africa’s Dominant Status Threatened by Nigeria, Ghana & Kenya

China and India are amongst the few countries with infrastructure investments in Nigeria, Angola and Mozambique. Now Russia seeks to have a presence in these countries to reap the profitable reward from overseas trading.

Umunna Trade Missions Highlights Missed Opportunities

Chuka Umunna, the UK’s Shadow Business Secretary, says we should not be talking about the BRIC at the expense of opportunities in Africa.

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