Tag Archives: money

Investing in Africa: Opportunities and Challenges


 

Sub-Saharan Africa will be home to seven of the world’s ten fastest growing economies in the next five years. At a recent Thomson Reuters event, U.S. Sen. Christopher Coons joins top African investment managers and business leaders before a live audience to identify key opportunities and ways to address risks, in a panel moderated by Reuters Editor-at-Large Sir Harold Evans. The video features local investors such as Yemi Lalude of Adlevo Capital and Bismark Rewane of Financial Derivatives Company Limited as well as a number of Africa focused foreign investors. Watch the video below.

Opposition to Nigeria’s New N5000 Naira Note


Is the new 5000 Naira note a good or bad thing? Some at the lower end of the income scale say a 5000 Naira note is superfluous since many Nigerians do not have enough money to make frequent use of it. Others argue that as Nigeria has a rapidly expanding middle class and upper class, the note will be of use to the higher income strata and will reduce bank costs of handling smaller denominations.

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

Folorunso Alakija – Nigerian Billionaire


http://www.youtube.com/watch?v=_QeKtPtX3PQ
http://edition.cnn.com/video/?/video/international/2012/02/13/exp-african-voices-folorunsho-alakija-a.cnn

Africa’s Richest Dictators


http://www.forbes.com/sites/mfonobongnsehe/2011/11/08/who-were-africas-richest-dictators/

Mobutu Sese Seko, Abacha and Babangida are there…

Nafissatou Diallo Interview


 

 

 

http://abcnews.go.com/GMA/video/dominique-strauss-kahn-maid-speaks-abc-news-14150523?tab=9482930

Nafissatou “Nafi” Diallo, the hotel maid at the Sofitel who accused Dominique Strauss-Kahn of rape has finally shown her face and gone public with her allegations of sexual assault against Strauss-Kahn. Watch the video of her televised interview at the li

Islamic Banking Conference in Nigeria


The Most Powerful Women in Africa


http://blogs.forbes.com/mfonobongnsehe/2011/05/16/the-most-powerful-african-women-part-1/

Africa’s richest women:http: //blogs.forbes.com/mfonobongnsehe/2011/05/02/africas-richest-women/

IMF Boss Strauss-Kahn Arrested for Rape – on Suicide Watch


http://www.hulu.com/watch/242711/nbc-nightly-news-with-brian-williams-strauss-kahn-urged-to-resign-from-imf#http%3A%2F%2Fwww.hulu.com%2Ffeed%2Frecent%2Ftv

Contrary to the media reports, she is NOT HIV+.

http://www.nydailynews.com/news/ny_crime/2011/05/18/2011-05-18_maid_in_imf_boss_dominique_strausskahn_alleged_hotel_rape_not_hiv_positive_did_n.html

http://www.smh.com.au/world/maid-in-imf-rape-case-under-siege-20110518-1et63.html

Wikileaks Exposes on the Niger Delta: “A Cesspool of Corruption and Crime”


http://www.spiegel.de/international/world/0,1518,733880,00.html

Depressing reading regarding the corruption in Nigeria’s oil industry and the shenanigans of oil companies, militants, thieves, and the police force – all engaged in corruption.

“US diplomats also referred to a complaint from one oil multinational about the Nigerian Navy, which, the complaint said, was totally incapable of protecting oil companies in the delta. When rebels attacked an oil platform in the Gulf of Guinea with a total of six speed boats, Shell employees sounded the alarm at 2:30 a.m. It was only at 7:30 p.m., after the attackers had long disappeared, that naval boats arrived — and their primary aim was to obtain supplies of fuel and food from the platform.”

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