Category: Business
Dangote Cement Industries Plc on Wednesday said that it sold a total 23.54 metric tonnes (MT) of cement across Africa for the financial year ended Dec. 31, 2018. The company said in its financial performance ...
The manufacturing sector contributed about N864 billion of the N3.63 trillion generated as Value Added Tax (VAT) from 2013 to 2018, an analysis by the National Bureau of Statistics (NBS) has revealed. The NBS report ...
Africa’s biggest pay-TV group, MultiChoice, debuted on the Johannesburg Stock Exchange on Wednesday with shares opening at 95.50 rand, giving the company a market capitalisation of 42 billion rand (3.03 billion dollars). South African e-commerce ...
China’s CDH Investments is aiming to raise nearly one billion dollar and yuan funds through its venture and growth capital arm to invest in sectors including healthcare and logistics, said people with direct knowledge of ...
Information Technology (IT) company, Cisco, has simplified IT solutions to enhance digitisation of Micro, Small and Medium Enterprises (MSMEs) Nigeria. The General Manager, Cisco Nigeria, Mr Olakunle Oloruntimehin, made this known during “Cisco Meraki Media ...
Shoprite Holdings, Africa’s largest supermarket group, says its first half-year earnings declined due to currency devaluation in Angola and supply constraints in its home market South Africa. Chief Executive Pieter Engelbrecht said on Tuesday in ...
Hyundai Mobis Co. Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday announced a plan to offer shareholder returns worth 2.6 trillion won (2.32 billion dollars) over the next three years. It also ...
An investment firm backed by the Beijing city government is in talks with prospective investors to raise over 10 billion yuan (1.5 billion dollar) in its first fund, aimed mainly at cutting-edge tech investments, said ...
Saudi Aramco’s chief executive said on Tuesday the oil industry is facing “a crisis of perception” and the views of some observers that the end of oil is near with the rise of electric vehicles ...
MainOne has announced a metro fiber infrastructure project in two states of Nigeria, with support from Facebook. The infrastructure collaboration is part of Facebook’s efforts to connect more people to broadband internet. As part of ...
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