Investment | - Part 46

Investors stake NGN 2tn on Nigerian telecoms sector in four years

Foreign direct investors have staked USD 10bn (about NGN 2tn) on the Nigerian telecommunications industry in the last four years, the Nigerian Communications Commission (NCC) has said. The Executive Vice Chairman, NCC, Dr. Eugene Juwah, said this in a presentation he made at a forum with journalists in Abuja on Thursday 07 May 2015. Juwah, who was represented at the forum by the Director of Public Affairs, NCC, Mr. Tony Ojobo, also said that internet…

Equatorial Guinea agrees multiple investments with Chinese companies

Posted on by The Editorial Team

During a historic visit to China the Government of Equatorial Guinea, represented by the Ministry of Mines, Industry and Energy , has announced the signing of multiple memorandum of understanding on April 30 with Chinese companies covering large areas of cooperation in the electricity and industrial sectors. The agreements were made during the Equatorial Guinea-Asia Economic Forum, hosted by the Government of Equatorial Guinea at the Shangri-La Hotel, in Dalian. The economic forum was organized…

BRVM Investment Days: West Africa’s financial centre comes closer to the London Stock Exchange

Posted on by The Editorial Team

LONDON, United-Kingdom, April 29, 2015/ — On the occasion of the second edition of the BRVM Investment days, the regional stock exchange for the eight countries of the West African Economic and Monetary Union (WAEMU) and many West-African companies have met investors from the London Stock Exchange. The regional stock exchange Bourse Régionale des Valeurs Mobilières (BRVM) welcomes the success of the second edition of its BRVM Investment days, held on April 28 at the…

Ethiopia predicts record $1.5B foreign direct investment in 2015

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Addis Ababa, Ethiopia (Capital Markets in Africa):- Foreign direct investment into Ethiopia will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies. Only seven years ago, the country with a population of 94m drew only $108.5m in inward investments from overseas. But it has been growing at double-digit rates, thanks to increased relocation of factories, attracted by low wages, cheap…

Nigeria’s Dangote group expects $9 bln refinery to start by 2017

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CAPE TOWN (Reuters) – A new $9 billion oil refinery producing 500,000 barrels per day being developed by Africa’s richest man, Aliko Dangote, is expected to come onstream in Nigeria by 2017, a senior Dangote Group official said Tuesday. The refinery, to be located in Lagos, will cut reliance on international markets for Africa’s largest oil producer, which imports more than 80 percent of its fuel needs. The lack of sufficient refining capacity is a…

Sisi confident after investment summit; now for the hard part

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SHARM EL-SHEIKH, Egypt, March 15 (Reuters) – President Abdel Fattah al-Sisi was so confident after Egypt signed billions of dollars of deals at an investment summit that he publicly joked on Sunday about haggling with the world’s top chief executives. Yet the real challenge has only just begun.”To Egyptian and international partners, if you really want to contribute to developing this country, you must work night and day and, as for the cost, please give…

UAE’s Dana Gas to invest $350 mln in Egypt

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SHARM EL SHEIKH, Egypt (Reuters) – Dana Gas will invest $350 million in Egypt over the next 30 months and expects to receive outstanding arrears from the government by the end of 2016, the United Arab Emirates company’s chief executive said on Saturday.The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant, Patrick Allman-Ward told Reuters at a weekend investment…

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