MTV Base Interview with Aliko Dangote: Africa’s Richest Man
In other news, Dangote is apparently in talks with South African company Tiger Brands to sell a controlling stake in his flour company Dangote Flour Mills PLC for about $125 million dollars. http://www.forbes.com/sites/mfonobongnsehe/2012/05/07/africas-richest-man-aliko-dangote-may-sell-off-food-business/ He also plans to spend $7.5 billion dollars in the next 4 years to expand his business. http://af.reuters.com/article/investingNews/idAFJOE84904K20120510 http://www.youtube.com/watch?feature=player_embedded&v=Lx_H_LrZ1DE
Read Full Post | Make a Comment ( None so far )Sudan: the “Divorce” between North and South
For those who think secession is the answer to Nigeria’s problems – take a look at Sudan. A country with an Islamic north, and Christian oil-rich south. Oil pipelines run northward. Does that remind you of another west African country? Interesting discussion that highlights the role and vested interests of China and the United States [...]
Read Full Post | Make a Comment ( None so far )Porsche and Luxury Brands Come to Nigeria
http://castroller.com/Podcasts/ReutersUsBusiness/2822038 Popping Champagne and speeding Porsches: Luxury brands come to Nigeria to target wealthy elite. Moet and Louis Vuitton are already in Nigeria. Next comes Porsche who are opening showrooms in Lagos and Abuja. http://www.washingtonpost.com/world/africa/popping-champagne-and-speeding-porsches-luxury-brands-come-to-nigeria-to-target-wealthy-elite/2012/03/22/gIQA9tiCTS_story.html
Read Full Post | Make a Comment ( None so far )The “Occupy Nigeria” Movement and Phenomenon
http://www.youtube.com/watch?v=YLfWWcpB4D4 I still do not understand why the government did not phase in the fuel subsidy withdrawal in installments; incrementally increasing the petrol price – rather than doubling the price overnight! Clearly the government did not understand or anticipate that such a move would cause mass protests, especially among the technology and social media young [...]
Read Full Post | Make a Comment ( None so far )China’s Influence in Africa
BBC documentary on the spread of Chinese influence in Africa. While many in the West view Africa as a land of poverty, to the Chinese it is seen as an almost limitless business opportunity. Profile of Chinese entrepreneurs who have travelled thousands of miles to set up businesses in Africa. http://www.youtube.com/watch?v=Ft_2FhTgwlI&feature=related
Read Full Post | Make a Comment ( None so far )Lamido Sanusi on BBC Hardtalk
http://www.bbc.co.uk/iplayer/episode/b00zxnn8/HARDtalk_Lamido_Sanusi_Governor_of_the_Central_Bank_of_Nigeria/
Read Full Post | Make a Comment ( 1 so far )Is Africa on the Verge of Major Economic Growth?
The Nigerian finance minister and other economists think so. They are predicting 10% economic growth per year in the next year(s), and think Nigeria’s economic growth could exceed that of China. Nigeria set for 10% economic growth: http://www.csmonitor.com/World/Africa/Africa-Monitor/2010/0914/Nigeria-poised-for-big-growth-aims-to-be-the-next-BRIC-country Africa’s richest man says (in a CNN interview) that “Nigeria is really the best place to invest.It [...]
Read Full Post | Make a Comment ( None so far )Africa: The Next Destination for Investment?
I would appreciate the input of the economic, investment and finance people out there. In this era of economic doom and gloom, African economies resisted the global recession and handled it quite well. Going forward, many analysts highlight Africa as a region for future economic investment and return. Nigeria and South Africa especially have a [...]
Read Full Post | Make a Comment ( 4 so far )Nigeria’s Economy Set to Grow by 10%
At a time when most economic news tends to be doom and gloom about jobs (or lack thereof!), unemployment, poor housing and stock markets….some good economic news from west Africa – Nigeria precisely. http://www.bbc.co.uk/news/business-11184315 Nigeria’s economy is predicted to record 10% (yes TEN PERCENT) growth by the end of 2011 or early 2012 – at [...]
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