Nestle 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.

Africa’s rising middle class – and why it matters. Credit: newafricanmagazine.com

Africa's rising middle class - and why it matters

According to the African Development Bank (AfDB), as far back as 2011 there were already 313 million people – or 34 per cent of the continent’s total population – that could be referred to as middle class.

6 reasons to invest in Africa

6 reasons to invest in Africa: Tarek Sultan, CEO & Vice Chairman, Agility

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity.

Nairobi is the most attractive city in Africa for foreign investment, says PwC.

Africa's big cities are investment bright spots, says private equity firms Abraaj and Actis

Like most emerging and frontier markets around the world, Africa’s largest economies have been affected by the drop in commodity prices over the past 18 months.

Sub-Saharan Africa's most and least resilient economies

Sub-Saharan Africa's most and least resilient economies (Infographics): Anna Rosenberg, Head, Sub-Saharan Africa Research, Frontier Strategy Group

While SSA was predicted to grow above 5% year-over-year in 2015 at the beginning of the year, actual GDP growth is more likely to come in at around 3–4% year-over-year.

Compelling investment markets in Africa. Credit: sc.com

Nigeria offers investors a unique opportunity for strong long-term growth: Global X MSCI Nigeria ETF (Infographics)

Nigeria is currently offering investors a unique long-term growth opportunity at a great value through the Global X MSCI Nigeria ETF (NGE).

Miguel Azevedo, Head of Investment Banking, Citigroup Africa

Citigroup sees consumer companies as Africa's hottest M&A space, says Africa Head of Investment Banking Miguel Azevedo

Citigroup Inc. said consumer-focused companies are the most active industry for mergers and acquisitions in Africa as trade increases and the continent’s middle class grows.

Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

The Changing Face Of Business In Nigeria: Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

Ask most people what they think of Nigeria and the answer will likely include references to oil, population and corruption.

Bob Diamond, former CEO of Barclays and current CEO of Atlas Merchant Capital

Why Barclays former CEO Bob Diamond is doubling down on Africa with his new investment outfit Atlas Merchant Capital

Standing outside the Belvedere Hotel, one of the busiest meeting places here in Davos on a bitter cold Swiss morning, are dozens of the most powerful business leaders waiting to get through security to attend a breakfast event at the 45th annual World Economic Forum.

Igwe Nnaemeka Achebe is the Obi of Onitsha and former Chairman of Diamond Bank

Nigeria's Diamond Bank appoints Chris Ogbechie as Chairman to replace retired Nnaemeka Achebe

Nigeria’s Diamond Bank disclosed on Wednesday that Igwe Nnaemeka Achebe has retired as the Chairman of its Board of Directors. Achebe’s retirement was approved at a recent board meeting.

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.

A customer browses men's shoes in the footwear department inside a Truworths fashion store in Sandton, South Africa

Investing in Africa: How investors are tapping into a new middle class

These days, oil, cocoa and precious metals aren’t the only things that are attracting foreign investors to Africa.

Africa: A continent of new consumers

Africa: A continent of new consumers

Africa has the foundation for an exceptionally long runway for consumer spending.

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.

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.

Acha Leke, Partner, McKinsey

Nigeria Seen by McKinsey in World's Top 20 Economies by 2030: Acha Leke, Partner, McKinsey

Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany, according to McKinsey & Co.