Category archives for: Business

Etisalat Sues MTN Over Deal for Nigeria Online Firm Visafone

by Yinka Ibukun Loni Prinsloo Emirates Telecommunications Group Co is suing Nigeria competitor MTN Group Ltd. over plans by Africa’s biggest wireless company to buy local Internet provider Visafone Communications Ltd. The lawsuit centers on MTN’s potential use of Visafone’s 800 megahertz of spectrum, Abu Dhabi-based Etisalat’s Nigeria unit said in an e-mailed statement on […]

Ghana Starts Africa’s First High-tech Interactive Distance Learning

There are no computers, TVs or smartphones in many schools in rural Ghana. In the classroom, teachers talk while students listen. There’s very little engagement and virtually no interaction, because many teachers themselves were not formally trained. The private, nonprofit Varkey Foundation — together with co-donor Dubai Cares and the Ghanaian Ministry of Education — […]

AXA Buys 8% Stake In Africa Internet Group For €75m

French insurance giant AXA announced today it is investing €75-million to take a 8% stake in Africa Internet Group (AIG), one of the continent’s largest e-commerce operations. Jumia is AIG’s main subsidiary and operates in 11 African markets. Transactions grew 265% during the first nine months of 2015 to reach €206-million, AIG said. AXA will […]

Where Blackouts Shake Up Elections, Renewables Seek the Benefits

by Anna Hirtenstein More than a quarter of the African nations south of the Sahara Desert have presidential elections this year, and renewable energy developers could stand to benefit. The region has the world’s biggest concentration of people — more than 620 million according to the International Energy Agency– living without reliable electricity supplies. From […]

Using Life Insurance To Jump-Start Your Financial Future (Part Two)

By: Dr. Peter Ikre The August edition marked the commencement of a series of articles on financial planning tailored toward furthering the empowerment and emancipation of immigrant communities particularly those of African origin from the menace of financial subjugation. In case you missed the previous publication, I highlighted the need for individuals and families to […]

Dangote Cement seeks licence for 75 MW power plant in Tanzania

Dangote Cement has applied for a licence to build a 75 megawatt coal-fired plant in Tanzania that would power a $500 million cement factory now under construction, Tanzania’s energy watchdog said. Sub-Saharan Africa’s leading cement producer plans to roll out plants across Africa to reach an annual capacity of 62 million tonnes by 2017, up […]

Coca-Cola Nigeria sued for half-empty cans

NIGERIA is taking Coca-Cola to court for allegedly refusing to comply with orders from the Consumer Protection Council over two half-empty cans of Sprite. ATTORNEY General Mohammed Bello Adoke filed suit at the Federal High Court in Abuja on Monday against Coca-Cola Nigeria and its chief executive for criminal breach of the Consumer Protection Act. […]

Africa: Bank of America Merrill Lynch Embarks On Search for African Talents

By Eromosele Abiodun In a bid to give African graduates and undergraduates the exposure that will prepare them for better job opportunities in developed countries of Europe, Asia and the Americas, Bank of America Merrill Lynch has embarked on a search for undergraduates in Nigeria and Ghana. Tagged: “Global Growth – Developing Talent in Africa”, […]

Africa’s Youth On the Cusp of Change?

By Naomi Conrad Is a new mindset and political awareness emerging among Africa’s youth? Or is the growth and glitter giving a false impression. Internet-savvy, smart phone-wielding entrepreneurs and activists look for answers. In a converted hall in Berlin’s Kreuzberg district that once housed a transformer substation, Ghana’s Minister for Youth and Sport, Elvis Afriyie-Ankrah […]

Africa Loses Billions in Illicit Money Laundering

By Nathaniel Daygbor Former South African President Thabo Mbeki says Africa is losing billions each year to illicit capital outflows in development. Addressing members of the 53rd Liberian Legislature in a joint session Tuesday in Monrovia, he said that the rate at which Africa loses development money through illegal means is alarming. “We are losing […]