Most Recent News

Folorunsho Alakija unseats TV queen, Oprah Winfrey as the richest black woman on earth with $7.3b oil fortune

Move over Oprah, Nigerian oil tycoon Folorunsho Alakija is now the richest black woman in the world with an estimated fortune of $7.3 billion. Africa boasts 55 billionaires – far.

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Dangote To co-Chair 2014 World Economic Forum in Davos-Kloster, Switzerland

President of Dangote Group, Aliko Dangote, has been appointed to co-chair the next year’s annual meeting of World Economic Forum in Davos-Kloster, Switzerland. According to Nigerian Tribune, the Executive Chairman.

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South Africa’s Respected Hotelier, Sol Kerzner Plans $1.5 Billion China Resort Investment

South Africa’s respected hotelier and the creator of South Africa’s famous Sun City and Palace of the Lost City, Sol Kerzner, is back in business again with the construction of.

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Shell Nigeria To Sell 4 Oil Blocks For Over $2 Billion

Nigerian unit of Royal Dutch company, Shell has placed on sale four onshore oil blocks in the market for an estimated $2 billion, as its production becomes plagued by incessant.

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African Development Bank Group (AFDB) Approves $24m Budget Support Loan for Cape Verde

The Board of Directors of the African Development Bank Group on Wednesday, approved a €15-million ($24 million) general budget support loan for Cape Verde, to help the country finance its.

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Africa’s Private Energy Sector Key To Continent’s Commercial Future – Kola Aluko

Co-Founder of the $500 million Africa50 infrastructure fund, Mr Kola Aluko says the continued influence and growth of independent companies in the energy sector in Africa is vital, if the.

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Tutu warns African leaders not to withdraw from ICC

Tutu warns African leaders not to withdraw from ICC CAPE TOWN, South Africa – South African Nobel peace laureate Desmond Tutu warned African leaders against leaving the International Criminal Court.

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BATTLE FOR BRAZIL 2014: AFRICAN TEAMS LOCK HORNS

  Five of Africa’s 10 remaining nations will move a step closer to World Cup qualification this weekend as the CAF Third Round play-offs get underway across the continent. The.

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WITH 20 BILLIONAIRES, NIGERIA TOPS AFRICA BILLIONAIRES LIST

There are far more African billionaires than previously thought, Ventures magazine said Monday in a report on the continent’s mega-rich, but the number of Africans living in extreme poverty has.

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Nigeria: World Bank Approves $300m Mortgage Facility

 The World Bank has approved a $300 million International Development Assistance (IDA) credit facility for Nigeria to aid low-income citizens own homes, through affordable mortgages. The World Bank, which disclosed.

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