Deal between Niger and Benin for West Africa rail link signed
April 9, 2015 Benin and Niger have agreed a one billion euro deal paving the way for the completion of a rail connecting five West African countries by mid next year. The two countries signed the deal on Tuesday to finalise the terms of the construction and operation of the railway line linking the Niger
Foreign Investors Stall Nigeria’s Bond Rally On Naira Devaluation Concerns
April 9, 2015 Nigeria’s post-election bond rally is stalling as foreign investors wait for a devaluation of the naira before buying the nation’s debt. Yields on benchmark naira bonds due March 2024 have climbed 61 basis points in the past three days after plunging 118 basis points on April 2, the day after Muhammadu Buhari
17 Africans That Made It To WEF’s Young Global Leaders 2015 List
April 9, 2015 In mid March, the World Economic Forum — the group whose annual conference in Davos, Switzerland draws international attention — named its fresh group of “Young Global Leaders” for 2015. Among the 187 young leaders listed as some of the people championing change across the world, there were 17 from sub-Sahara Africa.
Nigeria Attracted Nearly $4B In Real Estate Development In 2014
April 8, 2015 Nigeria attracted $3.96 billion (about N780.12 billion) on real estate development in 2014, which is 11 percent of the total sum of $36.4 billion expended on infrastructure construction projects in the country. Data recently released by Deloitte African Construction Trends report placed Nigeria at the top of West African countries in major
Are A Million Chinese Immigrants Building A New Empire In Africa?
April 8, 2015 More than one million Chinese have emigrated to Africa over the past couple of decades in search of the African dream. Author Howard French explores what it looks like when China goes global in the 21st century in his book, “China’s Second Continent: How a Million Migrants Are Building a New Empire
What Nigerians will demand from President Muhammadu Buhari
April 3, 2015 The next president of Nigeria, Africa’s largest economy has emerged. Described as the country’s most crucial elections ever, the race for the presidential seat was stiff but the candidate of the opposition, 72-year old Gen. Muhammadu Buhari claimed victory in the end. However, he faces a big task of reawakening the economy which has
Of The World’s 11 Black Billionaires, 9 Are African
April 1, 2015 Of the 1,826 people who made it to the 2015 Forbes list of the world’s billionaires, 11 are black, and nine are African by birth or by where they made their fortunes. That’s an increase from nine black billionaires a year ago, Forbes reports. Three of the 11 black Forbes List billionaires are women,
Dubai-Based Abraaj Raises $1.3B For Two African Funds
March 31, 2015 Abraaj Group has raised about US$1.3 billion for two funds investing in Africa to tap into the continent’s economic growth, a person familiar with the deal said. One fund focusing on Sub-Saharan Africa will be about $1bn, while the second North African fund will be more than $300 million, the source said.
Strong Demographics To Attract More Real Estate Investments To Africa
March 31, 2015 Knight Frank, a leading global property consultancy, said in its 2015 report that Africa’s rapid population increase coupled by a strong economic growth across several countries on the continent was building a formidable middle class that could prove too attractive for global real estate investors to ignore over the coming decade. According
What’s The State Of Insurance In South Africa?
March 31, 2015 More than 15 percent of South Africa’s gross domestic product was accounted for by insurance premiums in 2013, making it the country with the second-highest insurance penetration in the world, according to PwC. With a very mature insurance market, products remain concentrated among a much smaller proportion of the population than in