Women in Ghana Own 46 Percent of Businesses – Mastercard Index of Women Entrepreneurs

Women in Ghana own 46 percent of businesses – Mastercard Index of Women Entrepreneurs Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE), it has been revealed that 46.4 percent of businesses in Ghana are owned by women, making it one of the top performing African countries highlighted in the index. The MIWE…

Africa’s Single Aviation Market Takes Off in February 2018

African countries have adopted further initiatives to implement a single market for the continent, an attempt to stimulate economic growth with open skies to replicate Europe. After years of marathon negotiations African Union (AU) officials expect dozens of the continent’s countries to launch the African single air transport market by the end of this month. Of…

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)…

Dangote’s Bloomberg Interview: Refinery in Nigeria 2019, No Home Outside Nigeria, Wants to Own Arsenal FC

Aliko Dangote, Nigerian businessman and richest man in Africa, says his refinery which is under construction will be completed in the last quarter of 2017. In a recent interview with Bloomberg, the chief executive officer of Dangote Group shared his business ideals and the next step for his business empire. Here are 10 key topics he…

Nigeria’s Primewaterview Holdings Acquired by Milost Global

American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria Limited a large scale, diversified holding company with a portfolio of Real Estate, Oil & Gas, Quarry Mining, Healthcare and Power for a…

Prosperity in Rising in Africa, Driven by the Region’s Growing Middle Class

Sub-Saharan Africa’s rising population and economies have led to a growing middle class and, in turn, more spending power which provides “a vast source of potential for prosperity,” per experts at the African Development Bank. The big picture: Since 2000, the wealth of sub-Saharan African nations has been growing much faster than the global average and than…

Brand Name Hotels Are Changing the Skyline of Addis Ababa, Ethiopia

Inside the headquarters of Ozzie Business and Hospitality Group, an office that is as small as an ordinary studio apartment in Bole, the exclusive neighborhoods of Addis Ababa, Kumeneger Teketel is multitasking. He is seated comfortably in an office facing the magnificent landmark Bole Medhanealem Church with a view of the capital that is fast…