Pakistan News

EFG Hermes eyes acquisition in Nigeria, Kenya brokerage licence

EFG Hermes eyes acquisition in Nigeria, Kenya brokerage license

Egypt’s EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters last week.

A woman waved a portrait of Tedros Adhanom Ghebreyesus, the newly elected director general of the World Health Organization, in Geneva on Tuesday. Credit: Valentin Flauraud/European Pressphoto Agency

W.H.O. Elects Ethiopia's Tedros as First Director General From Africa

Tedros Adhanom Ghebreyesus of Ethiopia was voted director general of the World Health Organization on Tuesday, the first African ever to head the agency.

ToLet.com Co-Founders (L-R): Sulaiman Balogun, Fikayo Ogundipe, Dapo Eludire and Seyi Ayeni

Nigeria's ToLet.com.ng raises $1.2M from Frontier Digital Ventures

Lagos-based real estate classifieds startup ToLet.com.ng announced on Tuesday that it has closed a $1.2 million series A funding round from Frontier Digital Ventures.

iHub, Nairobi, Kenya

A few things we learned about tech hubs in Africa: GSMA (Infographic)

The last mapping exercise done by the World Bank in September 2015 listed less than 120 tech hubs in Africa. As of July 2016, GSMA’s research suggests there are 314 active tech hubs in Africa.

Africa’s richest man plans to almost double the continent’s cement production by 2020

Africa's richest man plans to almost double the continent's cement production by 2020 (Infographic)

Africa’s cement wars are heating up. Dangote Cement, owned by Africa’s richest man, Nigerian billionaire Aliko Dangote, has revealed its agreement with a Chinese construction company to build cement plants in 11 countries.

Billionaire Aliko Dangote at Dangote Cement Plc's new plant in Ndola, Zambia. Photographer: Liezel Hill/Bloomberg

Cement is the new oil as Africa's richest man takes on Lafarge

Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom.

Nairobi, Kenya

Why And How You Can Profit Investing In Africa's 1.1 Billion Consumers

In the book “Win the Leadership Game – How Companies Can Create Unbeatable Global Teams,” by Jason Wingard, Vijay Mahajan is interviewed on the opportunities he sees in Africa.

Barack Obama, President of the United States of America

Africa to Obama: Mind your own business

United States President Barack Obama is the most admired foreign leader in Africa because he has ancestral roots in our continent.

Nigerian billionaire business man Aliko Dangote. Credit: Benedicte Kurzen/NOOR/theafricareport.com

Billionaire Aliko Dangote's smooth landing

With a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

Luanda, Angola’s capital city. Angola is rich in national resources, particularly oil and gas.

Angola's capital Luanda remains 'most expensive city' for expats in Mercer's 2015 Cost of Living ranking

The Angolan capital, Luanda, remains the world’s most expensive city for expatriates, according to an annual survey by consultancy Mercer.

Frontier markets like Nigeria & Kenya suit those with long-term investment horizons.

Frontier markets like Nigeria & Kenya suit those with long-term investment horizons

The term ‘frontier markets’ is a useful way to group those countries that have economies that are less developed than those in emerging markets.

Vans at Idumota Market in Lagos Island, Nigeria

Fact of the Day: Nigeria is the world's most-watched frontier market

Nigeria has consolidated its position as the most-watched frontier market in the latest WSJ Frontiers/FSG Frontier Market Sentiment Index as an increasing proportion of multinationals put the country on their watch list for potential future investment.

Retail therapy: Consumers’ optimism can drive consumption, which drives growth.

Buoyant Frontier Economies Shrug Off Gloomy Global Mood

Slowing global growth in the first quarter of 2014 took a toll on people’s attitudes to their economies, a new study has shown.

Chimamanda Ngozi Adichie

The Miraculous Deliverance Of Oga Jona: A Satirical Piece on Nigeria by Chimamanda Ngozi Adichie

As soon as he opened his eyes, he felt it. A strange peace, a calm clarity. He stretched. Even his limbs were stronger and surer. He looked at his phone. Thirty-seven new text messages – and all while he was asleep. With one click, he deleted them.

Orji Uzor Kalu

Orji Uzor Kalu: The Nigerian Millionaire Who Wants To Negotiate With Boko Haram

When Orji Uzor Kalu, jet-setting Nigerian businessman and controversial politician is in Abuja, he usually spends most of his time at his sprawling mansion which is located a few minutes’ drive away from the Aso Rock Presidential Villa, the official residence of Nigeria’s President.

Richard Leggett, CEO, Frontier Strategy Group

Nine of the top twenty most interesting frontier markets are from Africa: Richard Leggett, CEO, Frontier Strategy Group (Video)

Nine of the top twenty most interesting frontier markets are from Africa: Richard Leggett, CEO, Frontier Strategy Group

Goodluck Jonathan, President of Nigeria

Nothing is more important than bringing home Nigeria's missing girls: Goodluck Jonathan, President of Nigeria

I have had to remain quiet about the continuing efforts by Nigeria’s military, police and investigators to find the girls kidnapped in April from the town of Chibok by the terrorist group Boko Haram.

Sev Vettivetpillai, Partner, Abraaj Group

Africa the big prize for Abraaj private equity group

After a deal-making spree in Africa in 2013 that included investments in Ghana, Cote d’Ivoire and Kenya, private equity group Abraaj is on track for an equally active 2014.

Nigerian Naira (1000 Naira)

Nigeria, Argentina, and Vietnam Prove Top Picks for Multinationals - Frontier Strategy Group

Fresh from its coronation as the biggest economy in Africa, Nigeria has scored another first.

African Stock Markets

For rapid growth, Africa is the new China - Gavin Graham, Chief Strategy Officer, Integris Pension Management

Many strategists suggest investors forget about emerging markets for now and instead put money in developed economies like the United States and Europe.