August 22, 2016/Reuters South African hotel and gaming group Sun International said on Monday it had decided to exit Nigeria due to weak economic growth and clashes with regulators in the west African country. In January Nigeria’s Economic and Financial Crimes Commission (EFCC) launched a probe into Sun International initial […]
Business News
South Africa’s MTN to sell $729 mln stake to black investors
August 22, 2016/Reuters South African mobile phone company MTN Group will sell shares worth 9.9 billion rand ($729 million), a 4 percent stake, to black investors to meet government quotas on black ownership. Africa’s biggest telecoms firm said the new black economic empowerment deal would be launched via a public […]
NEXIM Bank to help generate $5bn yearly with facilities for exporters
August 19, 2016/NEXIM Bank By Bashir Wali Pull quote: “The funds are expected to attract and incentivize new and additional investments to the non-oil export sectorand enhance their competitiveness.” The Nigerian Export-Import Bank (NEXIM Bank) recently launched two intervention products targeted at promoting the country’s non-oil exports. The funds are […]
