Nigeria is the second country in Africa with a big economy. Globally it is the 22nd country by the number of finances. With this flow of the growing economy, Nigeria can be in the top 10 countries in 2050. To achieve this kind of stability, this country needs to diversify its economy from its dependence […]
Tag Archives: Nigeria
African News, Events, Nigeria News
Dubai-based prominent African entrepreneur and philanthropist, Mahmood Ahmadu, conferred the Forbes ‘Best of Africa’ Award
The founder and executive chairman of Online Integrated Solutions is one of three leading African business luminaries to receive the prestigious recognition In a virtual ceremony held on September 11th 2020, Mr. Mahmood Ahmadu – founder of Africa’s leading multi-business IT conglomerate – was one of three celebrated business leaders to be presented the Forbes […]
Medicine, Nigeria News, Science
Illumina collaborates with 54gene in the creation of a world-class genomics facility in Nigeria
Partnership will expand 54gene’s sequencing-based research and molecular diagnostics capabilities with a focus on improving health outcomes through precision medicine 03 September, 2020, Illumina, Inc. (NASDAQ: ILMN) today announced a collaboration with 54gene, a health technology company whose mission is to advance precision medicine capabilities in Africa through research, advanced molecular diagnostics and clinical programs. The […]
Art, Democratic Republic of the Congo, Gabon News, Ghana News, Mali News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Republic of the Congo
Sidney and Bernice Clyman – African Art collection
There are many ways to collect ancient and historical pieces of art. One of the most famous ways to collect art pieces and show off your wealth is to go to an auction house. Auction houses not only have the most unique collection of items but it is also a place where an individual can […]
Fintech, Interview, Main, Nigeria News
How Fintech can help secure the world from the economic impact of viral pandemics
The coronavirus pandemic continues to turn the world and our lives upside down, with the outbreak forcing governments to put into place measures that reduce the risk of contamination, and focus on pre-emptive processes. The strain on the economy is palpable, and is an impending catastrophe that could exceed the crash of 2008, and the Great […]
Fintech, Kenya News, Main, Nigeria News, South Africa News
How fintechs are making Africa a leading global Innovation Hub
In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech has been a welcomed revolution that is seen to be boosting Africa’s financial infrastructure. With a growing population, an increasing rate of mobile and internet penetration, combined with a substantial need for financial inclusion, Africa […]
Africa is modernizing faster than anyone could have ever imagined. African life expectancy has increased an astonishing eight years in the last decade, mostly due to technological leaps in medicine and health services. Africa’s largest city, Lagos, is attracting international resources, and has become a destination for venture capital, due to the success of companies […]
By Morne van der Merwe, Managing Partner, and Wildu du Plessis, Head of Africa at global law firm Baker McKenzie in Johannesburg Ahead of the Baker McKenzie African Transactional Summit taking place in Johannesburg in May 2019, Baker McKenzie lawyers based in Africa, alongside the Firm’s global Africa specialists, as well as lawyers from our […]
With more than 15,000 rooms in the pipeline The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11th annual survey by W Hospitality Group, acknowledged as the industry’s most authoritative source. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, […]
“Oh God! Power outage again?” “I don’t know what’s wrong with PHCN these days, we have not been having power between 6 and 11pm for over a 2 months now.?” “I don’t know why everything is going backwards in this country, even when I was growing up in the 80s, power supply wasn’t bad like this.” “Daddy! Habba! That […]
by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven […]
by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. Regional integration has become a high profile intervention and is seen as the route to economic integration and increasing intra-African trade. Some commentators are of the opinion […]
by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The growth and continuation of e-commerce in Africa has received various boosts during 2018. Africa’s leading online shopping platform, Jumia, reported in 2018 it wanted to make […]
African News, Ethiopia News, Main, Nigeria News
Investing in Africa: An Outlook on Nigeria and Ethiopia
Itumeleng Mukhovha, an associate in the Corporate/M&A practice at Baker McKenzie in Johannesburg One can easily assume that international investors are deterred from investing in Africa given the growing need to weather a global financial crisis, which has been distorted by Brexit, rising geopolitical tensions, tightened global liquidity conditions, leveraged loans and sketchy debts that […]
African News, Angola News, Energy, Nigeria News
What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production
The Nigerian experience with marginal oil field development had measurable success, with 24 licenses awarded to 31 companies, some as sole operators and others as joint-ventures With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those […]
Commercial quality mineral resources abound in Nigeria but that’s not the issue here. While it’s true Nigeria has been blessed with grand quantities of gold, diamonds, iron ore, a variety of gemstones and lead, among others, find the technical expertise and financial savvy to take advantage of the resources has long plagued the region. The […]
The parlous story of African economic and social development since independence best expressed in the failure to achieve the autonomous capacity for self-actuated development and in particular to create conditions of national and continental modern mass production and prosperity is well known and need not be repeated. It is enough to re-state that Africa’s development […]
The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by […]
By Thandisizwe Mgudlwa Alcatel-Lucent has a success story to tell. Its stories, references and activities in Africa in 2012 is a lesson for many other organizations who what to make it big on the continent. In a recently published document Alcatel-Lucent shares references, successes, achievement and activities in Africa; as well as vision of African […]
By Hussaini Umar Nigerians yesterday rejected single term presidency, which is being canvassed by President Goodluck Jonathan, during the House of Representatives Public Hearing on the review of the 1999 Constitution at the 360 Federal Constituencies in the country. Also, in most states, the call for the creation of additional states and the recognition of […]
Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta […]
The 4th annual IT Leaders Africa Summit will be held in South Africa’s city of gold, Johannesburg from 13 to 14 March 2013. The summit is hosted and produced by international business-to-business conferencing company, Kinetic Events. The IT Leaders Summit series is hosted in strategic locations all over the world including Johannesburg, Dubai, Ghana, Cape […]