Results For: Investments

Goodwell Investments raises $25 million for business in Sub Saharan Africa

Goodwell Investments has raised $25 million, 20 million Euro, from over 30 investors for investments in inclusive economy in Sub-Saharan Africa. Goodwell invests in young, fast growing companies that offer products and services to underserved people to meet their increasing demand for affordable and quality basic products. The goal is to achieve maximum social impact […]

Business & Economy

AfDB’s Trade Finance Operation signs $100m soft commodity finance

The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC). This Facility is innovatively structured as two successive loans of US $100 million, each with a tenor of up to 2 years, thus signifying the African Development Bank’s strong commitment to the promotion […]

Business & Economy

Jobs/ vacancy: List of Fake/Scam Companies

Medpro Global Resources – 161 Ikorodu rd beside Lanre Shittu motors Onipanu B/S, Lagos They are into GNLD/ Multilevel marketing looking for candidates to swindle to sell drugs. Boss Resources – 90,Awolowo way,Opp MAN House,Ikeja They claim to be a multinational Company with substantial investments in Nigeria, South Africa and Ghana. They are […]


Baker McKenzie sees drop in financial deals in Africa, Middle East in 2018

Baker McKenzie’s Global Transactions Forecast, developed in association with Oxford Economics predicts that financial sector M&A in Africa and the Middle East will drop to US$9 billion in 2018, down sharply from US$29.5 in 2017. This higher amount in 2017 was the result of one megadeal that inflated 2017’s deal total: the US$14 billion merger […]

Business & Economy

Zimbabwe: Afreximbank to arrange up to $1.5b for investment promotion

The African Export-Import Bank (Afreximbank) will arrange between $1 billion and $1.5 billion of funded and guarantee facilities to support businesses interested in investing in Zimbabwe, Dr. Benedict Oramah, President of the Bank, has announced. Speaking on Tuesday during a special session on “Doing Business in Zimbabwe” at the Africa CEO Forum in Abidjan, Dr. […]

Business & Economy

Africa’s premier investment marketplace to accelerate economic transformation

To help Africa find the path to its long-deserved economic fortune, the African Development Bank is championing the region’s premier investment market. The Bank is providing collaborative leadership for a new 100 per cent transactional initiative – the Africa Investment Forum (AIF) – which provides Africa’s best opportunity so far to encourage accelerated economic transformation. […]

Business & Economy

Spending on smart city technologies in Africa and M’ East to reach $1.26 billion – IDC report

Spending on the technologies that enable Smart City initiatives is forecast to reach $1.26 billion for Africa and Middle East region in 2018, according to the latest insights from International Data Corporation (IDC). In the first release of its Worldwide Semiannual Smart Cities Spending Guide, the global technology research and consulting firm provides a detailed […]

Business & Economy

IFC to create jobs, build SMEs and work with women in SA

IFC, a member of the World Bank Group, has committed to expand support for initiatives in South Africa that help address persistent challenges in job creation, especially for young people and women. In a speech to government officials and business leaders in Johannesburg, IFC CEO Philippe Le Houérou said IFC is ready to deliver expertise […]

Business & Economy

AfDB pledges full support towards success of Continental Free Trade Area

The African Development Bank celebrates with Africa and pledges its full support to achieve the success of the recently launched Continental Free Trade Area, as part of its strategy to help Integrate Africa. To accelerate trade facilitation, the Bank has invested more than $20 million over the past five years in trade agreement support, and […]

Business & Economy

World Bank report praises investing in Uganda

Investing in Greater Kampala will not only benefit residents, but the rest of Uganda, according to a World Bank report. Titled From Regulators to Enablers: Role of City Governments in Economic Development of Greater Kampala, the report says that progress will depend on local city governments working together to jointly plan and implement policies, undertake infrastructure […]

Business & Economy

Ghana now sovereign shareholder in IFC

The Republic of Ghana has marked its 7th anniversary as a Member State of Africa Finance Corporation by becoming a sovereign shareholder in the Corporation, making an initial equity investment of $10 million. The Government of Ghana has also committed to invest a further US$40 million in the Corporation; representing the second tranche of its […]

Business & Economy

Subomi at 84: Rare bridge builder

It is difficult, if not out-rightly impossible to read the story of his life and not be eminently inspired. This is for the simple reason that each chapter of that life leaves sundry lessons. It is all about the impact, visionary commitment to courses, transparent honesty in dealings with others, as well as diligent pursuit […]


Why 2018 is a better year construction industry in Nigeria

Nigeria’s construction sector will see stronger growth over 2018 following a weak recovery in 2017, which will be driven by government expenditure on the back of higher oil revenues, the BMI recent report has said. The report also disclosed that the private sector’s investments in construction projects will improve marginally while further Naira devaluation will […]

Construction Sector

Russia says Tillerson’s Africa comments inappropriate

Russian foreign minister says Tillerson’s comments inappropriate * African states balance relations with Washington and Beijing * Tillerson says Ethiopia should move on from state of emergency * Analysts say Trump has focused on security concerns over trade (Updates with quote on Ethiopia’s state of emergency) By Aaron Maasho ADDIS ABABA, March 8 (Reuters) – […]

Business & Economy

10 ways to invest in Abuja properties

A must read that encourages one to venture into the real estate business. Hello my dear friend. The time to invest in the Abuja Real Estate market is now. The opportunities are limitless. In fact I would like to say, “the land is green”! I am writing this article just for you. Presently, you may […]

Business & Economy

Move towards on-demand connectivity to major global financial and communications hubs

Epsilon, a privately owned global communications service provider, has partnered with Africa’s carriers’ carrier WIOCC to deploy its Infiny by Epsilon on-demand connectivity platform. The partnership provides WIOCC with on-demand connectivity to major global financial and communications hubs and extends the reach of the Infiny platform into sub-Saharan Africa for the first time. Using Infiny, […]

Business & Economy

Business: African Development Bank makes senior management appointments

The President of the African Development Bank, Dr. Akinwumi A. Adesina, is pleased to announce the following Senior Management appointments: Director, Macroeconomic Forecasting and Research Dr. Hanan Morsy The African Development Bank is pleased to announce the appointment of Dr. Hanan Morsy as Director, Macroeconomic Forecasting and Research, with effect from March 12, 2018. Dr. […]

Business & Economy

IFC and Côte d’Ivoire lead opportunities to reduce energy gap with renewables

IFC, a member of the World Bank Group, and Côte d’Ivoire’s Ministry of Oil, Energy and Renewable Energy Development of Côte d’Ivoire have partnered to bring together public and private sector executives in dialogue around how to unlock private investments to achieve the country’s goals in renewable energy. Côte d’Ivoire has announced it wants renewable […]

Business & Economy

DR Congo to integrate land governance concerns in agriculture

Senior officials from the Government, Ministry of Land Affairs, Ministry of Agriculture, and the national commission on land reform (CONAREF) along with the national alliance of traditional authorities have pledged to promote the integration of land governance in the national agricultural investment plan (PNIA). In a final communique issued at the close of a workshop […]

Business & Economy

CBN MPC rate-cutting cycle may induce inflation -Punch

The Central Bank of Nigeria’s Monetary Policy Committee’s long-awaited interest rate-cutting cycle risks being short-lived, if it starts at all. The CBN Governor, Godwin Emefiele, had said last month that the MPC might reduce its benchmark interest rate from the record-high of 14 per cent before July if inflation dropped closer to single digits. But […]

Business & Economy

Benin city to get airport upgrade to international standards

The Minister of State for Aviation, Sen. Hadi Sirika, has said that the Federal Government has approved the upgrade of the Benin Airport to international standard with a cargo terminal. The minister disclosed this during his courtesy visit to the governor at the Government House in Benin City, Edo State, on Monday. Sirika said the […]

Features & Reports

Emerging markets outlook March 5, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian shares were on the backfoot and the safe-haven yen rose on Monday amid fears of a global trade war, while the euro was choppy as investors […]

Business & Economy

Dangote vows to end rice importation to Nigeria

Can he succeed? The Dangote Rice Outgrower Scheme in Jigawa State has reached a turning point with the yaying of a foundation stone for the construction of a multi-billion Naira rice processing mill in Hadin, Jigawa state by the President of Dangote Group, Aliko Dangote. The mill with a capacity to process 16 metric tons […]

Business & Economy

Dangote leads world’s top 10 black billionaires – Report

Africa’s richest man, Aliko Dangote has been named by Forbes as one of the top ten black billionaires in the world. Dangote, who was not the only Nigerian to make the list, was placed on 1st position. See Forbes world’s top ten the black billionaires: 1. Aliko Dangote: $12,2 billion. Dangote is the undisputed richest person in […]

Business & Economy

Nigeria to expect influx of foreign companies – Buhari

Elated over Nigeria’s exit from crippling recession, President Muhammadu Buhari has said that foreign private companies were coming back to Nigeria. The companies, he said, were making massive investments within the existing legal and regulatory frameworks. Buhari expressed delight over the ‘significant’ growth in the non-oil sector which was creating thousands of jobs across the […]

Business & Economy

Nigeria capital inflow rose in Q4 as economy returned to growth – Reuters

The value of capital imported into Nigeria rose 29.9 percent in the fourth quarter to $5.32 billion, as economic activity gathered pace after the first recession in a quarter century, the National Bureau of Statistics (NBS) said on Thursday. Capital imports stood at $12.2 billion for 2017, up from $5.38 billion previous year, the NBS […]

Business & Economy

Does targeting 0% food import in Nigeria a good thing?

President Muhammadu Buhari says the Federal Government is already targeting a regime of self-sufficiency in food production and consumption. He explained that part of measures taken by his administration to achieve this was radically cutting down on imports of agricultural products that depleted the country’s foreign reserve in the past. President Buhari gave the hint […]

Business & Economy

MICT launches electronic investment platform in Malawi

Malawi has officially launched its iGuide, an electronic investment platform developed by the Malawi Investment Trade Center (MICT) assisted by the ECA and UNCTAD acting in line with the United Nations principle of “Delivering as One”. The iGuide is an easy-to-use online platform providing domestic and foreign investors alike with up-to-date and pertinent information on […]

Business & Economy

Mastercard, M KOPA: Creating payment technology pay-as-you-go solar program in Africa

Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses. M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach […]

Business & Economy

Press Release: Mastercard and M-KOPA Solar Partner to Light Up Homes and Businesses in Africa

At Mobile World Congress, Mastercard and M-KOPA today announced a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses. M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach of its […]

Business & Economy