Glo makes list of favourite African brands

Nigeria’s foremost telecommunications company, Globacom, has been listed as the fourth most admired African brand. This is contained in the current edition of African Business magazine, which published the result of the 2017/2018 Most Admired Brands survey conducted by Brand Africa. The survey was conducted in the two categories of unprompted and prompted. The unprompted category entailed […]

DOJ: Group posing as Memphis company ran $15M email scam through – WMC Action News 5

(Source: Wikimedia Commons) MEMPHIS, TN (WMC) – Eight people were arrested for their roles in a widespread cyber conspiracy that reportedly infiltrated servers and email systems of a Memphis-based real estate company in 2016. Prosecutors said the group used sophisticated methods to redirect funds to destinations in Ghana, Nigeria, and South Africa. The group defrauded […]

Ghana Leads Africa Risk-Reward Index

President Nana Akufo-Addo Ghana emerged as the leading economy with positive developments for West Africa, recording the strongest improvement in the latest risk-reward score in Africa, after Zimbabwe and Egypt, the 2018 Africa Risk-Reward Index from Control Risks (www.ControlRisks.com) and Oxford Economics reports. Tom Griffin, Senior Partner for West Africa at Control Risks, commented: “Since coming to […]

Nigeria Manufacturing Body Opposes African Free Trade Area

Nigeria’s main manufacturing body said it will oppose plans for an African free trade area until the government has done more studies on its impact. “When they open our borders for all manner of products to come into this country, most of our industries will be out of business,” Frank Jacobs, president of the Manufacturers […]

Oranto Petroleum Farms into Zambian Oil Blocks | Business

ABUJA, Nigeria–(BUSINESS WIRE)–Jun 26, 2018–Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180626006108/en/ Oranto Petroleum Farms into Zambian Oil Blocks (Photo: Business Wire) “Oranto Petroleum is committed to an […]

Online betting firms gamble on soccer-mad Nigeria

LAGOS (Reuters) – Online sports betting is booming in soccer-mad Nigeria largely thanks to payment systems developed by homegrown technology firms that are starting to make online businesses more viable. For years, mobile payments failed to take off in Nigeria as they have in countries such as Kenya, where Safaricom’s M-Pesa money transfers have fostered […]

Online sports betting is booming in soccer-mad Nigeria, here’s why

LAGOS, June 25 (Reuters) – Online sports betting is booming in soccer-mad Nigeria largely thanks to payment systems developed by homegrown technology firms that are starting to make online businesses more viable. For years, mobile payments failed to take off in Nigeria as they have in countries such as Kenya, where Safaricom’s M-Pesa money transfers […]

82 agri-tech startups operating across Africa – Report

Focusing on everything from e-commerce, to information, to supply chain management, to IoT, 82 African agri-tech startups are spread widely across the continent, a new report has stated. According to the ‘Agrinnovating for Africa: Exploring the African Agri-Tech Startup Ecosystem Report 2018’, in all, 16 African countries play host to tech startups active in the […]

Nigeria: ‘Deeply unfortunate killings’ as 86 reported dead

Nigeria’s presidency late Sunday announced a “deeply unfortunate killings across a number of communities” in central Plateau State as one report cited police as saying 86 people were dead in clashes between mostly Muslim herders and Christian farmers. President Muhammadu Buhari appealed for calm as the military and police tried to end the bloodshed, and […]

Average Risk-Reward Score Improves on African Continent –

Zimbabwe, Egypt and Ghana demonstrate the most positive changes for business, followed closely by Nigeria and Mozambique Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics. Followed closely by Nigeria and Mozambique, […]