News
23 August 2012
Barclays today revealed it has started talks to combine all its operations in Africa into Absa, the South African bank listed in Johannesberg in which it holds a 55.5% stake. The move is a legacy of former chief executive Bob Diamond, who resigned over the Libor rigging scandal but…
23 August 2012
Superfast mobile broadband is to be launched in the UK later this year after T-Mobile and Orange got the green light to run 4G services.
23 August 2012
HILTON TARRANT: Well, Shoprite results for the year to June 2012 out today, turnover up by 14.4% versus just 13.2% at the halfway stage, headline earnings per share up 19.6% versus 18.6% at the half year mark. Whitey Basson is chief executive of Shoprite Holdings. Whitey, that acceleration that we’ve…
23 August 2012
The Central Bank of Nigeria (CBN) has begun an assessment of the ‘Cash-Less Lagos’ scheme, to determine when to introduce it in other states of the federation, Dipo Fatokun, the Director, Banking and Payments System Department of the CBN said in an interview on Tuesday. Fatokun said that the…
31 May 2012
Over the years, the phrase "emerging market" has become all but meaningless. No group that includes China, Argentina, Kenya, the Philippines, and Romania can possibly qualify as a single coherent class. To pick the likeliest winners in this vast category, Jim O'Neill of Goldman Sachs has given us the BRICS…
23 May 2012
So by most accounts, the Facebook IPO is disappointing. Facebook’s stock ended its first day of trading a mere $0.23 above the deal price and today, Day 2, it has dropped more than 10% intraday. It was no accident it closed ever so slightly above the IPO price, but many…
21 May 2012
Three-quarters of the world's CEOs say more emphasis should be placed on measuring the value of non-financial assets such as intellectual capital and customer relationships. This was the headline finding of a recent study (PDF) by the American Institute of CPAs and the Chartered Institute of Management Accountants. Considering the sponsors, it's…
21 May 2012
Business is the most primitive game in the world. Failure is always just around the corner, yet discipline and ambition drive us to overcome. The ladder to success isn’t as vertical as people imagine—it has the ability to reshape your life before you finally succeed. Business changes you. It forces…
02 April 2012
A federal judge in Nigeria dismissed charges Monday against a former bank CEO accused in a massive mismanagement scheme that nearly brought down the country’s financial sector. Erastus Akingbola, formerly the CEO of Intercontinental Bank PLC, walked out of court a free man while Justice Charles Archibong harshly criticized efforts…
20 March 2012
AFC is a hybrid investment bank and multilateral development financial institution established by treaty amongst sovereign States. AFC has a paid-in capital in excess of US$1.1bn and has a mandate to invest in infrastructure related projects throughout the continent of Africa. CEC owns and operates an electricity transmission network on the…
