Ashmore Group News

Jerome Booth, Co-Founder of Ashmore Group and Chairman of New Sparta Asset Management. Credit: institutionalinvestor.com

Ashmore Group's Co-Founder Jerome Booth looks to raise up to $500M to invest in African energy

The former Ashmore Group research head is launching an emerging markets investment firm that will start by focusing on African energy projects.

Nigerian can maker GZ Industries takes on Nampak with $71M South African factory

Nigerian can maker GZ Industries takes on Nampak with $71M South African factory

GZ Industries Ltd. of Nigeria plans to expand into South Africa with the construction of a 1 billion rand ($71 million) factory, becoming the second beverage-can maker after Nampak Ltd. to have operations in the country.

Segun Agbaje, CEO, Guaranty Trust Bank

Nigeria needs to devalue Naira, says Guaranty Trust Bank's CEO Segun Agbaje

Nigeria needs to devalue the naira as falling oil prices and the global markets rout this week mean the currency’s exchange rate is unsustainable, according to biggest local bank by market value.