Archive In BusinessRead the latest news for Business in Africa

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  General

  It’s Time To Change The Africa Narrative – Ashish J. Thakkar. The Western Media has outdated and incorrect beliefs about Africa. This has to change. I recently watched the BBC documentary, “Rwanda: The Untold Story” which first aired on October 1st, 2014.
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  Economic Development & Policies

  Kenya Seeks $750m IMF Loan To Absorb Future Shocks. Kenya is seeking a precautionary loan of $750 million from the International Monetary Fund (IMF), to serve as buffer against any future shocks.
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  Finance

  Seplat Obtains $1bn Debt Re-Financing Facility. Nigeria’s largest indigenous upstream operator, Seplat Petroleum Development Company Plc, said this week that it has successfully refinanced its current debt facilities with a $300 million three-year secured revolving credit facility and $700 million seven-year...
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  International

  Nestle To Invest $137m In Egypt – CEO. Nestle, the Swiss food group, is set to inject $137 million in Egypt in the next couple of years, it emerged on Tuesday.
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  Finance

  Mansard Insurance Concludes 60% Acquisition of Penman Pensions Ltd. Nigeria’s fourth largest insurer, Mansard Insurance, has notified The Nigerian Stock Exchange that it has completed its acquisition of 60 percent of Penman Pensions Limited.
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  Strategies & Solutions

  Big vs Small Markets In Africa. Big is not necessarily always best. Smaller countries or cities in Africa should not be discounted when preparing an African expansion strategy, as they could end up being a bigger opportunity in the long run.
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  Pharma & Healthcare

  Will Liberia Be Ebola Free In February? The Ebola scourge in West Africa may be seeing its last days especially in Liberia where reported cases have significantly reduced in the past month.
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  Economic Development & Policies

  How Senegal Is Chasing An Emerging Economy Status. Senegal’s growth in recent years has slowed, and the consequences have impeded any progress toward inclusiveness and poverty reduction.
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  Finance

  Egypt’s Steel Maker Ezz Raises $236m To Finance Debt. In a bid to restructure its debt, Egypt’s biggest steel maker, Ezz Steel, had agreed to a long-term financing contract with the National Bank of Egypt and Arab African International Bank in a deal valued...
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  Media & Entertainment

  This Is Nigeria’s Highest Grossing Movie Ever. The AfricaMagic Viewers’ Choice Awards (AMVCA) 2015 award winning movie, 30 Days in Atlanta, has been acknowledged as the highest grossing movie in the history of Nigeria with N132 million ($696,366) made since its release...