Business News

Privately-held Kenyan firm says plans to buy 23 pct stake in Britam

Mon Jun 13, 2016/Reuters Kenya’s Plum LLP plans to buy a 23.34 percent stake in insurer British-American Investments Co (Britam) that had been seized by the government of Mauritius from a disgraced businessman in 2015, the privately owned firm said on Monday. Plum said it expected the acquisition was expected […]

Dangote acquires shares in Afreximbank

June 10, 2016/Punch Bayo Akinloye The Dangote Group has become the latest corporate organisation to join the African Export-Import Bank as a class B shareholder. The Group, according to information released by Afreximbank and made available to our correspondent, completed the process of acquiring equity in the bank on May […]

Nigeria leads the way promoting ridesharing in Africa

By Ebi Atawodi, General Manager, Uber West Africa At the start of the last century, just one in seven people worldwide lived in cities. Today it’s half, and by 2050 (http://bit.ly/1N3gAH6), the UN predicts (http://bit.ly/1N3gAH6) another 2.5 billion people will be living in urban areas. This has brought huge benefits, with the growth […]