Johannesburg, South Africa, January 3, 2020// — MTN announced its Asset Realisation Programme (ARP) in March 2019 which aims to simplify its portfolio, reduce debt and risk, improve returns and realise proceeds of at least R15 billion over three years.
Category: Investing
Africa’s Wealthiest Man Ends the Year $4.3 Billion Better Off
Lagos, Nigeria, January 2, 2020/ — Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar.
CEOs Cautiously Optimistic As They Carry Unfinished Business Into 2020
January 1, 2020//-The chief executives of the nation’s biggest companies are cautiously optimistic about 2020, with 2019 having left their trays with unmet targets.
Tony Elumelu Announces 2,100 Entrepreneurs for TEF-UNDP Entrepreneurship Programme
Lagos, Nigeria, December 30, 2019//-The Tony Elumelu Foundation (TEF), private-sector-led philanthropy focused on empowering African entrepreneurs—has announced a final list of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme.
West Africa Hails a New Economic Era
December 29, 2019//-The West African monetary union announced landmark economic reforms on Saturday, including the renaming of its common currency the CFA Franc to the Eco, and a weakening of financial ties to former colonial master Paris.
Equatorial Guinea: Promoting Inclusive Growth, Improving Governance
December 20, 2019//-The IMF has agreed a program with Equatorial Guinea worth around $283 million, which will have governance and anti-corruption reforms at its heart.
Rensource Secures $20M in Series A financing to Power Nigerian SME Productivity
Lagos, Nigeria, December 18, 2019//- Rensource, a company that provides energy and tech-enabled value services today announced the completion of a $20 million equity financing round.
Why African Investors Need to Venture Into the Fast-growing Flexible Workspace Industry
December 18, 2019//-Francis Kariuki, recently a former Head of Operations at a flexible workspace (also known as a coworking space) in Kenya sits across from me as we have a chat on the immediate future of the flexible working industry.
Good Policies Needed to Ensure SMEs Survival
December 13, 2019//-A new survey has highlighted a number of hurdles standing in the way of progress of small firms, with poor policies cited as the main impediment.
Greening Growth in Mongolia
December 11, 2019//-Mongolia’s livestock industry, once the primary engine of the economy, now faces threats from climate change and overgrazing. Without prompt policy action, the national and regional costs will continue to grow, weighing on both economic growth and inequality.