Heineken (HEIN.AS) plans capital expenditure of 500 million euros ($690 million) a year in Africa over the next few years to maintain sales growth, a senior executive at the world’s third largest brewer told Reuters on Friday. The money will be used to upgrade production facilities and on training, said […]

Africa’s richest man, Aliko Dangote, has pocketed $706 million in dividends from profits made by his crown jewel, Dangote Cement in 2013. Dangote Cement PLC, which held its annual meeting in Lagos on Friday, recorded sales of $2.4 billion, up 29.4% from $1.85 billion in 2012. Profit before tax stood […]

A new report has shown that the United States, South Africa and United Kingdom are Nigeria’s top three investors for Foreign Direct Investment in new projects. The EY special report for World Economic Forum on Africa 2014 also shows that the FDI into the country in terms of new projects […]