Africa: Dangote cement may shut Ethiopian plant over mining disputes

Dangote

Dangote Cement Plc, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state’s East Shewa Zone administration wants the Nigerian company to outsource its […]

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Aviation: Depleting Passenger Traffic in Nigeria

As air passenger traffic continues to nosedive due to high fares and schedule hiccups occasioned by aviation fuel scarcity, Chinedu Eze warns that the development constitutes a major setback to Nigeria’s air transport sector and the economy as a whole. Nigerians are in a quagmire over limited choices of the right means of transport. The country has networks of roads […]

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Africa: MTN, Shoprite, UBA, Dangote are the Biggest Investors in Africa-Study.

By Samuel Nwanze, Never have the stars been more aligned for African businesses as they are now. Rising disposable incomes, a young and talented population, growing urbanization, and an increasingly robust business climate have all combined to produce an emerging middle-class that is poised to drive consumption, innovation, industrialization and trade. Global investor confidence in Africa is higher than it […]

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Uko: Nigerian Airlines Need Govt Support

Travel expert and organiser of Akwaaba Africa Travel Market, Ikechi Uko said government should support Nigerian airlines to be able to compete favourably with their foreign counterparts. He spoke to Chinedu Eze. Excerpts: Most of the airlines in Ghana are targeting Nigerian market, what is the enormity of what we are losing? The normal thing is that every country should […]

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Lagos to complete $1.65b Lekki seaport in 2019

mice ambode lagos murtala

Lagos State governor, Mr. Akinwunmi Ambode has assured that ongoing construction works at the $1.6 billion Lekki seaport would be completed in 2019. Speaking recently at the formal unveiling of the office of Overseas Affairs, also known as Lagos Global, he said the seaport, on completion would be the deepest in sub-Saharan Africa. Represented at the ceremony by Secretary to […]

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Africa, where even Dangote needs a Visa to visit

Americans and the west find it much easier to travel around the continent; not so if you are an African. ALIKO DANGOTE could be forgiven for hoping that his status as one of the continent’s more recognisable faces could buy him some extra minutes to locate a missing passport, but an anecdote he narrated recently in Ivory Coast suggests that […]

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Only 10% of privatised companies in Nigeria are functional

For 11 years, it was alive as though a living dead. The decision to privatise it changed the fortune of Eleme Petrochemicals Limited. Ten years after its acquisition, a $1.4b fertiliser plant and a $130 million export terminal have been added to the once-moribund empire. OLUKOREDE YISHAU writes on the transformation , which has shown that if well done, the […]

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Nigeria’s Dangote Ranked among 50 Most Influential Persons in the World

President of Dangote Group, Aliko Dangote, has been named among the 50 world most influential personalities by Bloomberg, the renowned United States-based news media with bias for business and financial news reporting. The group of personalities chosen by the Bloomberg Market, consisted of CEOs, world leaders as well as religious leaders. As expected, Barack Obama, Angela Merkel and Pope Francis […]

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The New Ooni of Ife is a tourism investor

By Egbe Omo Ife Oba Adeyeye Enitan Ogunwusi, the new Onirisa of the Source, is a Pathfinder Entrepreneur Forty years ago in the ancient city of Ile-Ife, born into Ojaja Royal Compound of Agbedegbede, Giesi Ruling House in Ile-Ife, Osun State. Ogunwusi Adeyeye, the 5th direct descendant of the Giesi family was quietly delivered into the humble family of Prince […]

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Cement 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. All that stands in his way is the world’s biggest cement maker, a flood of low-priced imports, the threat of slowing growth in contracts for dams, ports and roads and a slump in the most-traded emerging-market currencies to a […]

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