Ramaphosa, MTN Targets of Nigerian Bank Forex Investigation

Ramaphosa, MTN Targets of Nigerian Bank Forex Investigation by LIONEL FAULL, SUSAN COMRIE, SAM SOLE, FINANCE UNCOVERED AND AMABHUNGANE President Cyril Ramaphosa could be drawn into a forensic probe initiated by the Nigerian government into alleged foreign exchange violations by banks acting on behalf of SA telecommunications giant MTN. Ramaphosa’s former investment holding company, Shanduka,…

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…

Nigeria Verges on Genocide Amid a New Wave of Brazen Attacks by Fulani Herdsmen

Since the start of the year, Nigerians have been served bloody reminders that Boko Haram is no longer the country’s biggest internal security threat. States in Nigeria’s middle belt have been rocked by attacks from suspected Fulani herdsmen in a new wave of violence which primarily stems from disputes over grazing areas for cattle. Attacks in villages…

Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe

  Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe African bonds outperformed emerging-market average this year Key challenges lie ahead, with IMF warning of credit risks Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover…

2017 Nielsen Africa Country Rankings: Nigeria, Kenya and South Africa Still Key Investment Hubs

  2017 Nielsen Africa Country Rankings: Nigeria, Kenya and South Africa Still Key Investment Hubs   Manufacturers and retailers seeking to stay one step ahead in Africa’s complex markets need to move beyond ‘business as usual’ – they simply cannot keep doing the same things and expecting a different result. This is the latest insight…