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Business

Is Nigeria A Truly Wealthy Nation? See What Economic Facts Say

In 2003, Dangote set out to build his first cement plant with a budget of about $480 million. On completion of the project in 2007, he had borrowed an extra $175 million, built a dam, a gas pipeline (92km...

World Richest Black Man Aliko Dangote Ends 2019 $4.3 Billion Richer

Nigerian business mogul Aliko Dangote consolidated his place as the richest black man in the world, according to Bloomberg, after finishing 2019 with $4.3 billion more in wealth. In the last decade overall, Dangote made almost $15 billion, according to...

Nigeria, Sierra Leone Plan Currency Swap

The Chairman, Economic Community of West African States (ECOWAS) Committee of Governors of Central Banks, Prof. Kelfala Kallon, has disclosed a plan for currency swap between Nigeria and Sierra Leone. Kallon, who is presently the Governor, Bank of Sierra Leone,...

Top 10 African Countries With the Highest Percentage of Women Entrepreneurs

According to the latest global ranking conducted by the Mastercard Index of Women Entrepreneurs (MIWE), the highest number of women entrepreneurs globally are found in Uganda. The Mastercard Index of Women Entrepreneurs (MIWE) is an annual ranking that highlights the...

Nigeria Unseats South Africa As The Most Valuable Brand In Africa (2019)

Brand Finance, the world’s leading independent brand valuation consultancy, has named Nigeria the most valuable nation brands in Africa. Last year, South Africa was the world’s 49th most valuable national brand, while Nigeria was the 50th. This year, Nigeria leaps...

These are the Best Countries to Move to if you Want to Work in Africa

Morocco should be in your workers' radars if you ever decide to relocate to Africa. The coastal country in North-western Africa was named the best country for expats to work in Africa, according to the Expat Insider 2019 Survey. To compile...

Nigerian Entrepreneur Temie Giwa-Tubosun Wins Jack Ma’s African business Hero Award

A Nigerian entrepreneur has taken home the top prize at the Jack Ma Foundation's first annual prize for African businesses. Temie Giwa-Tubosun walked away with the top $250,000 cash prize from the $1 million available from the Africa Netpreneur Prize...

Meet the only Three Black Female Billionaires in the World

There are 2,253 recognized Billionaires in the World today, according to their forbes, and out of that number, only 13 of them are Blacks representing 1% of the total sum and surprisingly, only three of them are Black women. The...

Africa’s Top 20 Most Attractive Market For Investments

For the third year running, South Africa has topped as Africa’s most attractive market for investments. In ABSA’s latest Africa Financial Markets Index, the Southern African country has came top in terms of financial market development. The Cyril Ramaphosa-led country was...

World Bank’s Ease of Doing Business 2020: Nigeria Ranked Among Top 10 Improvers

Nigeria has moved up 15 places to 131 in world bank ease of doing business ranking for 2020 and has been named one of the top 10 most improved economies in the world for the second time in three...
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Abushiri, the East African Slave Trader Who Was Hanged for Fighting Against German Colonialism

Abushiri, was a wealthy merchant and slave-owning plantation owner who is known for Revolting against the German East Africa Company in present-day Tanzania.
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