Guinness News

Nigerian stocks hit 33-month high on foreign fund buying

Nigerian stocks hit 33-month high on foreign fund buying

Nigerian stocks hit a 33-month high on Tuesday as foreign investors bought shares following improved liquidity on the currency market and a strong half-year performance by listed companies.

A Diageo factory in Accra, Ghana, produces Orijin Bitters. Credit: wsj.com

Why Diageo, PZ Cussons, and Atlas Mara are betting big on Africa

As growth in China slows after two decades of breakneck economic development, Western companies are increasingly turning towards India and Africa as the next great untapped opportunities.

Japheth Joshua ("JJ") Omojuwa is one of Nigeria's most popular bloggers.

Cult following gives Nigeria's young bloggers the last word

Japheth Omojuwa started blogging in 2009 with a simple goal: to make his opinions heard by the senators and governors that make up the top echelons of powers in Nigeria.

Heineken's Nigeria unit to raise $502M to support growth

Heineken's Nigeria unit to raise $502M to support growth

Nigerian Breweries Plc, the West African nation’s largest brewer, said it plans to sell 100 billion naira ($502 million) in debt to boost liquidity and support growth even as lower crude prices impact spending in the continent’s most populous country.

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo Plc. said that it has approached the Board of Directors of Guinness Nigeria plc with an intention to make an offer to increase its equity stake in Guinness Nigeria from 54.3% up to a maximum of 70% and to maintain Guinness Nigeria’s listing on the Nigerian Stock Exchange.

Diageo's Baileys Original Irish Cream - Could Africa be the motor for Baileys' future growth?

Diageo: Could Africa Be The Motor For Growth?

Diageo is a leading alcoholic beverage manufacturer, producing world famous brands such as Johnnie Walker, Smirnoff, Baileys, and Guinness.

A customer drinks beer at the St. George brewery's public pub in Ethiopia's capital Addis Ababa, March 28, 2015. REUTERS/TIKSA NEGERI

Foreign brewers battle for Ethiopia's beer drinkers

International brewers are helping transform Ethiopia’s business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa’s fastest growing economies.

World's largest spirits maker Diageo to pay up to $36M for full control of South Africa's United National Breweries

World's largest spirits maker Diageo to pay up to $36M for full control of South Africa's United National Breweries

Diageo is taking full control of the South African traditional sorghum beer company United National Breweries.

The Nigerian Stock Exchange's website home page

Boots on the Ground: Investing in Nigeria

I had initially planned to visit Nigeria in December, but postponed my trip until February due to concerns about Ebola. On my way to San Francisco International Airport, I contemplated the wisdom of my decision, having substituted greater political risk in light of the February 14th elections, for Ebola risk.

van Menezes, chief executive officer of Diageo Plc, poses for a photograph beside beer crates during a visit to the Meta Abo brewery, operated by Diageo Plc, in Sebeta, Ethiopia, on Wednesday, Feb. 25, 2015. Photographer: Simon Dawson/Bloomberg

Diageo's CEO Menezes sees Africa rising to 20% of sales after investing over $1B in the continent over the past five years

Diageo Plc, the maker of Guinness beer and Johnnie Walker whisky, wants Africa to account for 20 percent of its sales after investing more than $1 billion in the continent over the last five years, Chief Executive Officer Ivan Menezes said.

Baker & McKenzie

Nigeria Deals Seen by Year-End as Equity Valuations Decline

Nigerian companies are turning into foreign acquisition targets as valuations slide with the price of oil, according to a law firm that advised on one of the country’s biggest Eurobond sales last year.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

National Bank of Angola (Banco Nacional de Angola)

Africa Comes Into View

China’s growth story has been remarkable. The country’s economy grew at a staggering 10% annualized pace for 20 years as its government conducted a massive infrastructure building campaign.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Johnnie Walker Whiskey

Diageo Targets Africa Growth With Spirits Ahead of Beer

Diageo Plc (DGE), the world’s largest distiller, is relying on spirits such as Johnnie Walker whisky and Smirnoff vodka to drive expansion in Africa as economic growth boosts incomes and demand climbs for premium drinks.

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

IN 2001 MTN, a fledgling telecoms company from South Africa, paid $285m for one of four mobile licences sold at auction by the government of Nigeria.