17 Best-Paying Jobs In Nigeria
May 7, 2015 Like many African countries, Nigeria’s informal sector takes the lead when it comes to creating jobs. But in some formal sectors, Nigeria is bypassing developed countries when it comes to compensating employees. For the first time in 2014, Nigeria was listed among the highest paying contract jobs in oil and gas sector worldwide,
Why South African Companies Prefer To Invest In Nigeria
May 7, 2015 Despite the diplomatic strain on Nigeria and South Africa’s bilateral relationship due to recent xenophobic attacks, South African companies are merging to expand investment to oust local competition in the country. Popular supermarket chain Shoprite and Retail clothing store, PEP store are spreading their outlets in major areas of Africa’s most populous
What A Western Union, MoneyGram Merger Will Mean To Africa
May 7, 2015 Shares in MoneyGram International, one of the largest money transfer firm s in the world, rallied as much as 41 percent after Bloomberg, citing sources close to the deal, reported that the industry leader Western Union was in “early stage” talks to acquire MoneyGram. Western Union later denied that such talks were
Dangote builds $500m cement factory in Tanzania
May 6, 2015 In a bid to set up shop in new African markets, Nigeria’s Dangote Cement, sub Saharan Africa’s leading cement maker, is constructing a $500 million cement factory in southern Tanzania, it emerged on Tuesday. The factory, which will start production in August this year, will have the capacity of producing 3 million
The Fuel Scarcity Crisis That Was….
The Fuel Scarcity Crisis That Was…. Every crisis in Nigeria has a story that follows it, some sort of adventurous tale of success…sometimes (most times) failure. But nothing, I mean nothing beats the tales that accompany the occasional Fuel Scarcity crisis in Nigeria. I just got Fuel (PMS/Petrol) now, so allow me to drop
Africa’s richest man confirms interest in buying Arsenal – despite failed bid to acquire stake in 2010
May 5, 2015 Africa’s richest man, Aliko Dangote, has said he still wants to buy Arsenal despite failing in a 2010 bid to acquire a stake in the club. The Nigerian billionaire is now worth nearly eight times as much as when he tried to buy into the Gunners, and the passionate Gooners has not
Ethiopians In the Diaspora Lead Investments Back Home
May 4, 2015 Escaping an authoritarian military regime in the 80’s thousands of Ethiopian found themselves in the US, but several decades later they are slowly returning to invest in the a country with one of the worlds fastest growing economy. The country has grown at an average annual rate of 8.5 percent and was
Selling African Travel In Troubled Times Can Mean Discounts
May 4, 2015 In an effort to win back business, some safari lodge owners and other suppliers of African travel are offering substantial deals and specials such as two-for-ones and 50-percent-off savings, TravelWeekly reports. The damage to Africa’s economy, more specifically to its tourism economy, has been severe in the wake of a setbacks that began
Nigeria Seeks To Boost Investment In Agriculture, Diversify Economy
May 3, 2015 Nigeria’s agriculture ministry has attracted $8 billion in foreign investment and aims to boost that to just over $10 billion by 2015, the country’s minister of agriculture said this week. Akinwumi Adesina told The Wall Street Journal that the country is seeking to boost investment in agriculture as part of a drive
Dangote Group Plans To List On London Stock Exchange
May 2, 2015 The president of Dangote Group, Alhaji Aliko Dangote, has said his company would be ready to list on the London Stock Exchange by next year. Dangote was quoted as saying in an interview: “I think we will list in London. What we are trying to do now, between now and maybe the