Africa’s Infrastructure Landscape to Change As Islamic Development Bank Joins Forces With China-Led AIIB Partnership

 Bandar Hajjar, IDB president: ‘We will co-finance many projects [with AIIB] in the future. Africa needs . . . about $150bn a year to finance infrastructure’  The largest development organisation in the Muslim world, the Islamic Development Bank, is set to ramp up its fundraising activities and form a partnership with the China-led Asian Infrastructure Investment Bank to address…

FMCGs in Nigeria–Profitable Strategies in Harsh Economic Times

Fast Moving Consumer Goods (FMCGs) such as Unilver (UNILEVER:NL) and PZ have adopted various measures to remain profitable in the current harsh economic climate. Unilever has opened a factory to manufacture butter in the country, and begun sales of retail packages for its tea and seasoning cubes. Other competitors such as Nestle and PZ Cussons (PZ:NL)…

African Governments Still Largest Developers of Region’s Infrastructure Projects

    African Governments Still Largest Developers of Region’s Infrastructure Projects Governments remain the single largest developers of infrastructure projects – and own between 57% and 90% of tracked projects – across Africa, the 2017 edition of Deloitte’s ‘Africa Construction Trends’ report has found. The report, released on Wednesday, includes 303 infrastructure projects valued at $50-million or above, that have broken ground on the continent since…