Investors Bite

UAC of Nigeria Maintained Outperform Rating in Q4 2016

Culled—Proshare April 19, 2017/FBNQuest Research 8% increase to our price target; maintaining Outperform rating UAC of Nigeria’s (UACN) Q4 2016 sales grew 44% y/y to N26.9bn. The foods and beverages businesses were up 45% y/y, primarily on the back of a positive surprise in the Grand Cereals sales. The latter’s […]

UBA: Outperforming

L-R: Tonu Elumelu, Chairman, United Bank for Africa Plc (UBA) and Kennedy Uzoka, Group Managing Director, UBA Culled: The Nation Posted By: Taofik Salako On: April 19, 2017 In: Business, Investors United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with […]

Botswana Most Attractive Investment Destination in Africa-Report

April 19, 2017/Quantum Global Group Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 (http://APO.af/sUtRNQ) by Quantum Global’s (www.QuantumGlobalGroup.com) independent research arm, Quantum Global Research Lab. According to the Index, Botswana scores highly based on a range of factors […]