Zimbabweans Poorest, Survey Finds, But Who’s the Wealthiest?
NAMIBIANS are the third wealthiest people in Africa, according to an April 2017 report by Mauritius’ AfrAsia Bank and Johannesburg-based market research firm New World Wealth. According to the report, the average wealth of a person living in Namibia (wealth per capita) was US$10 800 (about N$142 500) in 2016, up from US$10 200 (about […]
Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1 year
Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was […]
Nigerian Airline Arik Air Suspends Flights to London, Johannesburg
Arik Air Tuesday said it was suspending international flight operations to London and South Africa and will now focus on domestic and West Africa routes. This decision, according to the new management, will enable the airline to engage and discuss with creditors who have become restive since the intervention of AMCON. According to a statement […]
Africa Business Forum in Addis Ababa on the 1st of March 2017:10 million views join Africa’s largest network of CEO’s
A global community of 10,000 professionals, 20,000 registered international companies, 60,000 social media followers. 10 million views join Africa’s largest network of CEO’s The panel topics at the 5th Africa Business Forum represent the areas of Finance & Capital Investment, ICT, Agriculture & Mining, Power & Energy, Consumer Goods & General Trade, Logistics & Aviation, […]
Protesters demonstrate in London over Barclays and Standard Chartered’s dealings with Bidco
East African protesters have taken to the streets of London to demonstrate against banks that do business with Bidco Africa, highlighting the connection between global financial institutions, The Prince of Wales and widespread deforestation in Africa. Barclays and Standard Chartered saw their London headquarters picketed due to their funding of Nairobi-based Bidco, a company that […]
Africa Finance Corporation (‘AFC’) Concludes Debute of Senior Unsecured Swiss Franc (CHF) Denominated Bond
Africa Finance Corporation (‘AFC’), a leading pan-African multilateral development finance institution and project developer, has issued its debut senior unsecured Swiss Franc (CHF) denominated bond, raising CHF 100 million with a tenor of 3 years and 150 days. The bond which pays an annual coupon of 0.85% has a settlement date of 27 July 2016 […]
Denham Capital and GreenWish Partners Sign Strategic Partnership
Denham Capital, a leading global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, have announced a partnership to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020. The capital commitment will allow the African renewables platform to […]
Caster Semenya Wins Again: The Only Athlete Capable of Beating Semenya Has Been Exposed As a Drugs Cheat
Some days it is almost possible to feel sorry for Lord Coe. He watched, powerless, in Doha last Friday as an ethical minefield ran the fastest time in the 800 metres this year. Caster Semenya is back and, quite possibly, on course for Olympic gold. Not that she is doing anything wrong. She runs with […]
Didier Drogba Mobbed By Fans As He Arrives In Monteal
Didier Drogba has enjoyed a stellar career in England, France, Turkey and China but he appeared to be taken aback by the welcome he received in Montreal on Wednesday. Hundreds of fans turned up at Pierre Elliott Trudeau International Airport to greet the Ivorian star after he agreed to join MLS side Montreal Impact. The […]
Corrupt Nigeria Ex-Petroleum Minister, Diezani Pretending To Be Sick To Avoid Prosecution
As information continues to emerge of the billions of dollars of public funds that Nigeria’s former Petroleum Minister, Diezani Alison-Madueke, stole with the help of cohorts she handpicked, the embattled former minister is apparently playing the sick card in the United Kingdom where she has spent most of her time since ex-President Goodluck Jonathan lost […]
