Business News

Marginal Drop in Internet Subscriptions; Contracts by 5.5% in November 2016

Culled—Proshare January 12, 2017/FBNQuest Research The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 92.4 million in November, representing a y/y contraction of -5.5%. The figure implies density of 50% in a population estimated at 185 million, placing Nigeria well above the African […]

ENGIE signs an agreement for the development of Renewable Energies in Senegal

January 11, 2017/ENGIE ENGIE (www.ENGIE.com) announces the signature of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country. The first part of this agreement involves the development of solar energy for individuals in multi-occupancy or individual housing. The […]

Quantum Global’s Hotel Fund Acquires Mövenpick Ambassador Hotel Accra

10/1/2017/Quantum Global Group QG Africa Hotel LP acquires 100% of exceptional Mövenpick Ambassador Hotel in Central Business District of Accra, Ghana Largest open-market hotel transaction in sub-Saharan Africa to date QG Africa Hotel LP, a Mauritius based investment fund managed by Quantum Global Investments Africa Management Ltd., today announced the […]