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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 […]

Nigerian High Court Grants Aiteo’s Benedict Peters Global Judgment in Rem – Declares Earnings as Legitimate

Nigerian High Court Grants Aiteo’s Benedict Peters Global Judgment in Rem – Declares Earnings as Legitimate

The High Court sitting in the Federal Capital Territory, Nigeria has declared that earnings and assets accruing to Oil magnate and Aiteo Energy (www.AiteoGroup.com) boss, Benedict Peters were acquired legally through legitimate sources. This follows a similar ruling squashing multiple money laundering charges and bribery of election officials indictment against Mr. Peters. Justice Valentine Ashi […]

Nigeria, Economic Community of West African States, Major World Economies Adopt Abuja Statement

Nigeria, Economic Community of West African States, Major World Economies Adopt Abuja Statement

Nigeria, the Economic Community of West African States (ECOWAS), World Trade Organisation (WTO), Friends of Investment Facilitation for Development (FIFD) and participants at the High Level Policy and Private Sector Trade and Investment Facilitation Partnership Forum today adopted a declaration titled “The Abuja Statement” at the close of the two-day event, which saw the participation […]

Four British missionaries are kidnapped by gunmen in Nigeria

Four British missionaries are kidnapped by gunmen in Nigeria

Four Britons have been kidnapped in Nigeria’s southern Delta state, a police official said on Wednesday. The police are attempting to rescue the four people, who were taken by unidentified gunmen on October 13, said Andrew Aniamaka, a spokesman for Delta state police, The four had been providing ‘free medical care and religious activities’ in […]

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 […]

DHL and MallforAfrica team up to further cross-border e-commerce to the United States

DHL and MallforAfrica team up to further cross-border e-commerce to the United States

DHL Express, the world’s leading international express services provider recently announced its partnership with MallforAfrica, the award-winning global e-commerce company, which will facilitate selling of made-in-Africa products to customers in the United States. Businesses can do so via the eBay platform powered by MallforAfrica. Through this partnership, DHL locations will serve as drop-off points for […]

Lack of Infrastructure in Developing Countries Drives Demand for Mixed-Use Developments

Lack of Infrastructure in Developing Countries Drives Demand for Mixed-Use Developments

In some parts of West Africa, particularly Nigeria and Ghana, the lack of infrastructure is a huge driver of demand for mixed-use developments. The last few years have seen an increase in interest in mixed-use development schemes which comprise some or all of retail, residential, offices as well as hotel and conference facilities. These types […]

Off-grid Solar set to triple in Africa

Off-grid Solar set to triple in Africa

Off- grid solar will bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa A new report has confirmed that Solar is now the fastest growing energy source in the world, and is making a major impact in Africa. The International Energy Agency’s 2017 report on renewables forecasts that […]

SA mining industry sees a turnaround in financial performance amid a challenging operating environment

SA mining industry sees a turnaround in financial performance amid a challenging operating environment

2017 was another challenging year for South Africa’s mining industry in light of a decrease in dividends and market capitalisation, various retrenchments across the industry, and marginal increases in taxes paid. However, spot price increases for bulk commodities supported the industry and resulted in a return to profitability after the first substantial increase in revenues […]

Buhari administration engages national assembly, chief justice in new ease of doing business action plan

Buhari administration engages national assembly, chief justice in new ease of doing business action plan

In furtherance of the Buhari administration’s ease of doing business reforms, the Presidential Enabling Business Environment Council (PEBEC), which is chaired by Vice President Yemi Osinbajo, SAN, will, on Tuesday, consider new and specific initiatives to be implemented over a 60-day period in the National Action Plan 2.0. It will be recalled that a previous […]

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