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Archive In BusinessRead the latest news for Business in Africa
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Real Estate
Africans Need An Address.
“The whole object of travel is not to set foot on foreign land; it is at last to set foot on one’s country as a foreign land.” – C.K.
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Management
African Entrepreneurs Need More Right-Brained Thinking.
Neuroscience has evolved over the past decades into a field that is far more technical, yet producing valuable insights about the human nervous system that can shape most other fields.
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Retail & Manufacturing
Naspers To Sell Swiss Subsidiary To Fund Emerging Markets Expansion.
E-commerce conglomerate, Naspers, is turning its focus towards fast-growing emerging markets, as it continues to seek growth markets to boost expansion plans.
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Energy
Chevron To Reduce Gas Flaring By 98% In 2015.
Oil multinational, Chevron Nigeria Limited (CNL) and its partner, Nigerian National Petroleum Corporation (NNPC), have revealed that ongoing efforts to reduce gas flaring are yielding significant dividends.
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M & A
Britam Acquires Real Insurance For $15.7m.
Nairobi Stock Exchange listed financial services group, British-American Investments Company (Britam), has acquired majority shares in insurance giant, Real Insurance Tanzania, Malawi and Mozambique for $15.74 million.
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M & A
Abraaj Returns With Fresh Bid For Bisco, Tops Kellogg’s Offer.
UAE-based private equity company, Abraaj Group, has placed a second bid for Egyptian sweet snack maker, Bisco Misr, raising its initial bid of LE73.91 ($) to LE79.1 ($11.06).
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Management
SME Heroes: Kampke.com Plans To Challenge Africa’s Ecommerce Status Quo.
Since the mobile boom, and the subsequent smartphone and broadband penetration began in Africa just over a decade ago, a new wave of businesses have surfaced on the continent.
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Finance
Dangote’s Flour Business Posts $34m Loss.
Dangote Flour Mills Plc has reported a loss after tax of N6.1 billion ($34.3 million) for the year ended September 30, 2014, as the company faces stiffer competition.
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M & A
Diamond Bank Says $310m Rights Issue Fully Subscribed .
Nigerian top tier lender, Diamond Bank, has announced that its $310 million rights issue recorded a 100 percent subscription, in what industry analysts say is a good news for the bank.
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Energy
Oil and Gas In Africa: An Early Review of 2014.
Africa re-established its title as the globe’s exploration hotspot in 2013. Six of the top 10 global discoveries in the oil and gas sector in 2013 were made in Africa.