Business

Business (58)

Thursday, 21 April 2016 08:51

Nigeria holds off on new talks with MTN

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MTN Head Office NigeriaNigeria will hold off new talks with South Africa's MTN over a $3.9 billion fine for missing a deadline to disconnect unregistered SIM card users until Parliament concludes a probe, its communications minister said on Wednesday.

MiningAlhaji Sani Shehu, the President, Miners Association of Nigeria, on Wednesday said five countries had declared interest to invest in Nigeria’s mining sector.

CansGZ Industries Ltd. of Nigeria plans to expand into South Africa with the construction of a 1 billion rand ($71 million) factory, becoming the second beverage-can maker after Nampak Ltd. to have operations in the country. Nampak shares fell the most in four months.

Saturday, 19 September 2015 16:03

Angola Nigeria crazy about South African wines

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South Africa is the 7th World most wine producing countrySouth African wine producers are looking to the African market to pick up sales after a sluggish year, and Angola and Nigeria are firmly in their sights.

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.

ShopriteShop in NigeriaGet ready for the Nigerian supermarket wars. Within weeks of each other, two major retailers have announced their intention to battle it out in Africa’s largest consumer-goods market.

Ford South Africa CEO Jeff Nemeth (left) with Coscharis Motors Ltd. President Cosmas Maduka. Ford plans to assemble about 5,000 Rangers a year in Nigeria.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.

Thabo DlotiLiberty 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.

Automotive-industryxxcFormer cabinet minister Alec Erwin says his work to get Nigeria’s automotive industry off the ground is no threat to auto companies in SA, but rather that the sectors in SA and Nigeria will "complement each other".

Well wishers cutting birthday cake to mark Pastor Joshua's birthdayA report in Nigerian business newspaper ‘Hallmark’ has suggested that South Africa capitalised on the religious tourism value of Nigerian ‘Prophet’ T.B. Joshua during his recent birthday celebration in Johannesburg, at the expense of Nigeria.

Ludwick Marishane, the founder of Headboy Industries and the inventor of DryBath. (Image: Headboy Industries, Facebook) Six South Africans are on Forbes' latest list of the 30 most promising entrepreneurs under 30 in Africa.

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.

Liberty Holdingss Johannesburg officeLIBERTY Holdings, the insurer controlled by Africa’s biggest bank by assets, is seeking to conclude acquisitions of a Nigerian insurer and an asset manager by year end after elections delayed the deals.

Flags of the MINT econmic countriesEmerging 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:

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