Home Admin Sherifat

Admin Sherifat

Africa’s largest e-commerce company is set to list on the New York Stock Exchange

“JMIA” Africa’s largest e-commerce company is set to list on the New York Stock Exchange By Yomi Kazeem & Yinka AdegokeMarch 13, 2019 Reports of an initial public offering (IPO) by Jumia, the pan-African conglomerate of e-commerce businesses, have been finally confirmed but details of its financials do not paint a pretty picture. Jumia has filed to launch its […]

Elumelu addresses African leaders on economic growth

Founder of the Tony Elumelu Foundation Mr. Tony Elumelu, has told African leaders from the public an private sectors to take the growth of Africa more seriously. He stated this while giving an address titled; “The Leadership Needed to Catalyse Africa’s Transformation,” at the inaugural Africa Now Conference which was hosted by the President of Uganda, Yoweri Kaguta […]

What the collapse of a major bank says about the rise of Kenya’s powerful social media spaces

It began with a rumor. Late on the night of Sunday, Apr. 3, 2016, messages tore through Kenya’s numerous WhatsApp groups that one of the country’s best known mid-sized banks–Chase Bank–was in trouble. By Tuesday, Apr. 5, the news leaped onto Twitter. User Mumbi Seraki (@Mumbi Kenya) tweeted ‘After Imperial, CBK focused ON forensic audits and found […]

NNPC yet to receive notice of OML 11 takeover from Presidency

Days after the Presidency reportedly ordered the Nigerian National Petroleum Corporation(NNPC) to take over the operatorship of the entire OML 11 from Shell Petroleum Development Company (SPDC), the petroleum regulating body said such notice hasn’t reached the Corporation. SPDC is a local arm of Anglo-Dutch oil major, Shell. NNPC reacts to takeover notice: According to a report by Daily Trust on Thursday, NNPC had […]

I-Invest generates over N2 billion transaction in less than 6 months

Figures from the National Bureau of Statistics (NBS) show that 50% or $8.4 billion of the foreign capital imported into Nigeria last year, went to money market securities. The most liquid form of money market securities are treasury bills which are sold by the CBN every two weeks. The key buyers of these instruments were foreign investors. […]

PEBEC launches REPORTGOV App to drive ease of doing business

The Presidential Enabling Business Environment Council (PEBEC) has launched the REPORTGOV.NG App, official public service feedback and complaints platform to support business climate reforms implemented by the Council since 2016. The platform, which is also a website, will facilitate the escalation and resolution of issues encountered with Ministries Departments and Agencies (MDAs) towards ensuring a […]

Coronation Merchant Bank, JP Morgan, Barclays, Citi Bank, Morgan Stanley ranked amongst World’s best investment banks

Global Finance magazine has named its 20th annual World’s Best Investment Banks in an exclusive survey to be published in the April 2019 issue. Winning organizations will be honoured at an awards ceremony on the morning of October 19, 2019, at the National Press Club in Washington, DC during the IMF/World Bank Annual Meetings. J.P. […]

Japan makes clever moves to promote Investment in Africa

Japan will set up a permanent joint council between the government and private sectors to promote investment in Africa as it seeks to play catch-up with China, the U.S. and Europe in the increasingly promising region, government sources said on Thursday. The launch of the joint council will coincide with the Seventh Tokyo International Conference […]

BPE to fix Problems Preventing Growth of Privatised Enterprises

The Bureau of Public Enterprises (BPE) has inaugurated four committees to come up with a mechanism for addressing the complexities and challenges hindering the growth and development of some privatised enterprises in the country, which were taken over by core investors over 10 years ago. BPE’s step is a calculated attempt to ensure that privatised […]

Lexsz Plastics Limited invests $8m in Nigerian factory following China’s ban

The Executive Director, Lexsz Plastics Limited, Oba Olufemi Akowe, has disclosed the company invested $8 million in Nigeria to set up a factory to store collated trash along the Lagos/Ibadan expressway. The Polyethylene terephthalate plastic bottle recycling firm’s decision was prompted by China’s ban on any recycled plastic and unsorted scrap paper from abroad, and severely curbed imports of […]

StartUpper of the Year Challenge

Language Options »