The producers are doubling efforts to cater for Angolans’ thirst for sparkling wine and Nigerian demand for bottles of red, according to the country’s leading trade body for the industry.
Ford Motor Company (F.N) will start assembling its best-selling Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East, the U.S. automaker said on Tuesday.
The Nigerian assembly plant, in partnership with Ford dealer Coscharis Motors Limited, is the first outside South Africa, where Ford produces the Ranger for 148 markets.
Liberty Holdings plans to invest up to $80 million on two deals in Nigeria by year-end, as part of a five-year strategy by South Africa’s No.4 insurer to expand further into sub-Saharan Africa, its chief financial officer said.
Like rivals, Liberty is expanding elsewhere in Africa as growth prospects attract the attention of corporate executives and promise to increase the number of people who can invest in insurance to protect their wealth.
A shortlist of 150 entrepreneurs was compiled through nominations from Forbes Africa readers and its editorial team; the final 30 were decided by a panel of judges from across the continent. In making their choices, they looked at business size, location, struggles and determination.
Emerging economies of Nigeria, Indonesia and Mexico could push the UK and France out of the top ten economies of the world by 2050 provided they are able to build their institutions to global standards, diversify their economies and sustain growth friendly policies. This is one of the key findings of the global report from PricewaterhouseCoopers' (PwC) economists titled "The World in 2050: