Born in Ethiopia to an Ethiopian mother and Yemeni father, Sheikh Mohammed Hussein Ali Al Amoudi’s life has always straddled East Africa and the Middle East. A Saudi Arabian citizen.
Africa’s wealthiest man, Aliko Dangote, has signed a multi-billion dollar deal with banks to finance the building of an oil refinery in Nigeria. The refinery would be the largest in.
Microsoft Corp will buy Nokia’s phone business and license its patents for 5.44 billion euros ($7.2 billion), a bold foray into mobile devices that also brings potential chief executive contender Stephen Elop.
With a rapidly increasing population, the global demand for food is expected to increase by 50-80% by 2050. Growing this food will be an immense challenge, especially in Africa. Faced.
In recent times, the retail industry in Africa – Nigeria in particular – has seen tremendous growth, and its combined spending power has been said to reach an all time.
The global power utility, General Electric (GE), on Monday said it was happy to do business in Africa, particularly East Africa, as the continent was facing a firm economic surge..
Recent acquisition of Kenyan companies by foreign multinationals will provide multi-billion-dollar windfalls for local entrepreneurs, experts reveal. Findings suggests that several billionaire entrepreneurs are selling their stakes in local companies.
Oil and gas industry executives from across Africa are meeting in Mozambique this week to discuss challenges and opportunities on the resource-rich continent. The website of the event, called Oil.
Financial flows to Nigeria and other African countries through external sources are projected to increase by 9.5 percent to a new record of $203.9 billion by end of 2013, compared.
Africa’s richest man, Alhaji Aliko Dangote has pledged to spend up to $15 billion pursuing investment opportunities around the continent in the next 4-5 years. Speaking at the sidelines of.
