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Businessman Strive Masiyiwa now Zimbabwe’s first billionaire

Businessman Strive Masiyiwa now Zimbabwe’s first billionaire

Exiled Zimbabwean businessman Strive Masiyiwa, often described as Zimbabwe’s richest man, is now a billionaire for the first time, according to the latest Forbes rankings released today. His current net worth is estimated at $1.7 billion raking him 14th among Africa’s 23 billionaires. According to Forbes: Masiyiwa overcame protracted government opposition to launch mobile phone network Econet […]

Egypt looks to play a key role in driving regional integration in Africa

Egypt looks to play a key role in driving regional integration in Africa

The Africa 2017 Forum (www.BusinessForAfricaforum.com) wrapped up in the Egyptian resort city of Sharm el Sheikh with a clear message of intent from President Al Sisi to bring Africa closer together. President Abdel Fattah El Sisi hosted five African heads of state and top business leaders from across the continent. The Heads of State stressed […]

Without improving tax collection, East African countries will not be able to effectively finance the building of infrastructure and the provision of public services

Without improving tax collection, East African countries will not be able to effectively finance the building of infrastructure and the provision of public services

The Pay As You Earn (PAYE) tax year-end is looming in most East African territories, and governments are clamping down on non-compliance among businesses and individual taxpayers as they strive to raise more funding for public spending. That means businesses must ensure that their payrolls are fully compliant with the laws and regulations around collection […]

Top five business risks for West Africa

Top five business risks for West Africa

As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in their annual political […]

Euro 100 Million for Supporting Cotton in Cameroon by the International Islamic Trade Finance Corporation (ITFC)

Euro 100 Million for Supporting Cotton in Cameroon by the International Islamic Trade Finance Corporation (ITFC)

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IDB) Group (www.IsDB.org), signed a EUR 100 million syndicated agreement with the Government of Cameroon and Sodecoton as the Executing Agency for the export of cotton and the import of agricultural inputs. The Agreement was signed by HE Louis Paul […]

Niger Rose Brilliantly to Meet the Challenge at the Renaissance Conference, Mobilising over 23 Billion Dollars to Fund the Country’s 2017-2021 Economic and Social Development Plan

Niger Rose Brilliantly to Meet the Challenge at the Renaissance Conference, Mobilising over 23 Billion Dollars to Fund the Country’s 2017-2021 Economic and Social Development Plan

Following 2 days of meetings in Paris with technical and financial partners, fund providers and investors, Niger can be proud of a considerable diplomatic and economic success. Resolved and persuasive under the guidance of its President Issoufou Mahamadou, the government of Niger successfully raised over 23 billion dollars to support the country’s efforts to finance […]

Award Winning Project of The International Renewable Energy Agency /Abu Dhabi Fund for Development (IRENA/ADFD) International Project financing facility

Award Winning Project of The International Renewable Energy Agency /Abu Dhabi Fund for Development (IRENA/ADFD) International Project financing facility

The Government of Sierra Leone represented by the Ministry of Energy (www.Energy.gov.sl) is pleased to announce that Sierra Leone has undergone a number of critical steps leading up to the historic landmark event on 12th of December 2017, where the Solar Park Freetown project was inaugurated and commenced by His Excellency The President of Sierra […]

Nadine Tinen appointed to lead the Sub-Saharan Francophone Africa region for PwC France and Francophone Africa

Nadine Tinen appointed to lead the Sub-Saharan Francophone Africa region for PwC France and Francophone Africa

Nadine Tinen has been named Regional Senior Partner of PwC Sub-Saharan Francophone Africa, thus also joining the Territory Leadership Team for PwC France & Francophone Africa. Appointed on 1 July 2017, she takes over from Edouard Messou. Nadine Tinen, 45, is a graduate of the University of Bourgogne (Dijon), where she earned a DESS postgraduate […]

TFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

TFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million Murabaha agreement with the aim of facilitating and financing exports amongst African countries and […]

Dangote says “Sometimes it is just a matter of communication”

Dangote says “Sometimes it is just a matter of communication”

Financial Times correspondent John Aglionby’s reporting in the fast FT online column that Nigerian businessman Aliko Dangote “accuses ‘Bulldozer’ Tanzanian President of scaring away investors” appears to have caused an overblown row. When Financial Times editor Lionel Barber asked Nigerian business leader Aliko Dangote in a live interview at the FT Africa Summit on Monday […]

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