August 16, 2017/PwC The hospitality sector in Africa’s emerging markets looks set to profit from foreign investment and an influx of foreign travellers. The emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral to the expansion strategies of some of […]
Investors Bite
Dangote to sell N200b shares in block divestment
August 16, 2017/The Nation Taofik Salako Dangote Industries Limited (DIL), the majority core investor in Dangote Cement Plc, plans to sell shares valued at more than N200 billion in a partial divestment that will widen the float for Dangote Cement. DIL is owned by Africa’s richest man, Alhaji Aliko Dangote, […]
GTBank Q2 2017 Results: Key Highlights
August 16, 2017/InvestmentOne Research Please find key highlights of the Q2 2017 results below: · Net interest income of N63.4bn, down -4.1% q/q; up +65.5% y/y · Profit before tax of N50.7bn, up +0.6% q/q; down -16.5% y/y · Profit after tax of N42.2bn, up +1.7% q/q; down -18.6% y/y […]
