Nigerian businesses Archives - AfricaBusiness.com

8Nov

By Faizal BhanaNo Comments

Main, Nigeria News

Operational Challenges and Opportunities for Family-Owned Businesses in a Post-Covid World

By Faizal Bhana – Director Jersey Finance - Middle East, Africa and India. According to Asoko Insight’s FOB500 research, Nigerian family-owned businesses make up 36% of companies within the Economic Community of West African States, (ECOWAS). These businesses have been vital to the socio-economic development of Nigeria and have been instrumental in the region’s back-to-business strategy amid the COVID-19 pandemic as a mechanism of securing their legacy. It is important to note that family-owned businesses globally, including Africa, experienced adverse consequences as a result of COVID-19. Mandatory lockdowns and the general restriction of movement contributed to creating this challenging operational environment that required family businesses to adapt to survive. Policies such as ‘wor...

13Apr

By Ibrahim MoshoodNo Comments

Nigeria News, Startups

The SEC’s Circular On The Trading Of Foreign Securities By Investment Platforms In Nigeria

By Ibrahim Moshood, Associate, Centurion Law Group The apex regulator of securities in Nigeria, the Securities and Exchange Commission (“SEC”) has issued a circular, with respect to technology investment platforms providing the Nigerian public with access to foreign securities. The circular dated 8 April 2021, issues a strong warning to these investment platforms and Capital Market Operators (“CMOs”) in partnership with them to provide brokerage services. Both categories of players in the financial space were warned to desist from providing the Nigerian public, with access to foreign securities. This is pivoted on the grounds that these securities are neither registered with the SEC nor listed on the Nigerian Stock Exchange (“NSE”). From 2018, technology start-ups have pioneered major disr...

AMAKA Studio: A Publisher Dedicated To Celebrating Pan-African Womanhood Launches

14Mar

By Africa BusinessNo Comments

Business, Nigeria News

AMAKA Studio: A Publisher Dedicated To Celebrating Pan-African Womanhood Launches

AMAKA Studio (AMAKA) launched on 11 March. Founded by 25-year-old Nigerian-American CEO Adaora Oramah, the online platform will spotlight nuanced stories for women from Africa and across the diaspora. Intentionally launching the week of International Women’s Day, AMAKA kicks off by celebrating its reason for existence - Pan-African womanhood - for the entire month of March. The celebrations have begun with several high-profile interviews, including conversations with Kenyan-American singer-songwriter and actress Victoria Kimani and Nigerian superstar Teni. With a mission to produce inclusive and culturally relevant content that represents the perspective of Pan-African women, AMAKA’s Editorial team will create content that unites women across geographical and language boundaries. One mis...

Deal making slows across Africa but post-pandemic opportunities look interesting

6Feb

By Africa BusinessNo Comments

Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Nigeria News, South Africa News

Deal making slows across Africa but post-pandemic opportunities look interesting

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free trade across the continent, foreign investment opportunities due to new partnerships and trade relationships, as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition (M&A) activity to the region. Further, South Africa’s deal volume and value both dropped in 2020, with the industrials and healthcare sector attracting the biggest investments. Ghana stood out as a country that...

The challenges and opportunities of big businesses in developing countries – From Storeroom to Boardroom

27Jan

By Africa BusinessNo Comments

Business, Nigeria News

The challenges and opportunities of big businesses in developing countries – From Storeroom to Boardroom

What does it really take to succeed in big multinational businesses in the developing world? One man’s remarkable journey from a rural Nigerian village to a top job in a global corporation describes the challenges, the opportunities and the issues we must all face up to if we are to create positive organizational and societal impact, equality and equity in global businesses. Babs Omotowa has written From Storeroom to Boardroom to share his insight on the challenges and opportunities of big businesses in developing countries including on, climate change, oil spills, corruption, transparency, culture, government relationships and societal (community and capacity) development. Babs Omotowa has spent his life rejecting the status quo. His own career disproves the unthinking perception that Af...

TradeDepot highlights smaller packs and increased food spending as top trends that will shape Nigeria’s retail sector in 2021

12Jan

By Africa BusinessNo Comments

Nigeria News

TradeDepot highlights smaller packs and increased food spending as top trends that will shape Nigeria’s retail sector in 2021

TradeDepot, the B2B eCommerce platform for consumer goods in Africa, has today released new insights from its market data that highlights the trends that will shape Nigeria’s retail sector in 2021. According to TradeDepot, the impact of the pandemic, rising inflation, border closures and other issues drove significant changes in behaviour for retailers, distributors and manufacturers in 2020. As the sector settles into the new year, TradeDepot predicts that some of the main trends that shaped 2020 - particularly smaller packaging for consumer goods and increased spending on food and essential goods due to dwindling disposable income and people spending more time at home - will continue to influence behaviour across the market. The retail sector is the third largest contributor to Nigeria’s...

Ventures Platform Foundation launches applications for Gov Labs

10Jan

By Africa BusinessNo Comments

Nigeria News, Startups

Ventures Platform Foundation launches applications for Gov Labs

VPF & National Endowment for Democracy call for tech solutions to protect Nigerians’ human rights during COVID-19 response Ventures Platform Foundation (VPF), the social impact arm of Ventures Platform Hub, has launched a call for applications for its latest incubation programme, Gov Labs - a 12-week programme for tech solutions implementing accountability and transparency within the Nigerian government’s COVID-19 response. Created with support from the National Endowment for Democracy (NED), the new initiative will support Civil Society Organizations from across Nigeria as they build innovative solutions promoting good governance and wide scale access to public services. From the pool of applicants, five organisations will be selected and will each receive a $2,500 grant as well as ac...