Bringing African Shoppers to the Global Mall
March 23, 2015 Last year, when Tunde Adebayo needed three inflatable bouncy castles for KidzPlay, his event-planning business in Lagos, Nigeria, he turned to an online shopping service called MallforAfrica. “In Nigeria we’re sometimes skeptical about online businesses,” Mr. Adebayo says. So he tested the service two years ago with an inexpensive purchase, and that
Ghana, Cote D’Ivoire turn to Nigeria for gas
March 23, 2015 Cote D’ Ivoire has sent a formal request indicating its interest in liquefied petroleum gas supplies from Nigeria to support its growing power generation needs. The request came just as Ghana has called on Nigeria to assist it overcome the negative impact of the recent gas supply disruption it is facing through
How to Manage a Realistic Schedule
March 20, 2015 The one big challenge of having a career is balancing your work life with family and other activities. As an entrepreneur trying to start up your own business, you may have thought that you will work less in a week while having time away from your business every once in a while. But
Parking charges could boost Nigeria’s income by $10bn
March 20, 2015 Currently, the Nigerian government is running low on revenue due to the steep decline in oil prices to less than 50 dollars a barrel. This has led many analysts to question how the national and state governments are going to fund their development when 90 percent of their revenue is derived from
Nigeria Increases Diaspora Bond Amount To $300 Million
March 19, 2015 According to News24, Nigeria’s senate has approved an increase in the amount to be raised through a planned Diaspora bond to $300 million from the initial $100 million. President Goodluck Jonathan requested the Increase in 2014. The Diaspora bond seeks to tap from millions of Nigerians who live in the US and
Investing In Women: What Do African Female Entrepreneurs Need?
March 19, 2015 Private equity financing is not easy to come by, even in a market as hot as Africa. The competition for funding is fierce, and the way the numbers play out is part of the bottom line. Businesses need to demonstrate not only success to date, but a strong potential for growth, expansion,
VC4AFRICA FLAGS NIGERIA, SOUTH AFRICA AND KENYA AS AFRICA’S STARTUP HOTSPOTS
March 18, 2015 New data from startup funding platform, VC4Africa, have identified South Africa, Nigeria and Kenya as the startup hotspots on the continent. The research published in the 2015 Venture Finance in Africa report, sampled 104 startups with funding from VC4Africa across eight countries in the continent based on three variables: investments tracked, average
NNPC May Go Public Soon
March 18, 2015 Nigeria’s most closely guarded, and ironically scrutinised company, NNPC, may soon go up for public ownership. This will be made possible if the House of Representative’s plan to list 30 percent of the company on the Nigerian Stock Exchange receives the president’s blessings. In a report by Nigerian newspaper, The Union, the Chief
Nigeria Cuts Energy Tariff by 50%
March 18, 2015 Nigeria’s energy situation is considered “very pathetic” given its poor ratio of megawatts to populace, despite housing Africa’s biggest economy and largest black population; it produces roughly 3000MW to 5000MW of electricity for about 170 million. However, locals may be dancing to the announcement, made today, that the country’s regulatory body, Nigerian
Ways to Market Your Small Business Effectively
How to market effectively is one of the biggest challenges faced by small businesses and entrepreneurs today. There are many marketing techniques that can be used, and choosing the right approach for your business is not easy. Small businesses also have limited budget to use on marketing which makes it even more challenging. A good