Wednesday, April 24Inside Business Africa
Shadow

Business

Tinubu rings closing bell at NASDAQ – Opens door to International Investors

Tinubu rings closing bell at NASDAQ – Opens door to International Investors

Business, Capital Market
President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, has called on foreign investors to bring their capital into the country as his government is working on easing the free flow of capital. Tinubu stated this just before he rang the Closing Bell of NASDAQ in New York, a ceremony organized by the United States Chamber of Commerce, Nigerian Exchange Group Plc (NGX Group), and the Nigerian Investment Promotion Council (NIPC). While addressing investors, the president noted that his administration is actively working on reducing bottlenecks to ease the free flow of capital for investors. “It is not about whether Nigeria is open for business; it is about who wants to do business with Nigeria. Our administration has moved the exchange rate regime to a managed float and removed...
Radisson Hotel Group debuts its luxury brand in Egypt with the signing of Radisson Collection Resort, Marsa Alam Port Phoenice

Radisson Hotel Group debuts its luxury brand in Egypt with the signing of Radisson Collection Resort, Marsa Alam Port Phoenice

Africa, Business
Radisson Hotel Group (www.RadissonHotels.com) announces the signing of Radisson Collection Resort, Marsa Alam Port Phoenice in Egypt. This signing debuts Radisson Hotel Group’s third brand in Egypt, Radisson Collection, and is a fantastic addition to the current portfolio, bringing the Group’s footprint in the country to eight hotels in operation and under development. It also reflects the transformation of the Group in the region. Radisson Collection is a unique collection of iconic properties, reflecting an authentic local influence, living design, and vibrant social scene. In the collection of exceptional hotels, no two are ever the same and each has a unique character authentic to its locality. The modern design blends elegance in form and function, making the h...
AfricaGoGreen Fund Closes $47M in new equity Investments to Advance Climate Resilience in Africa

AfricaGoGreen Fund Closes $47M in new equity Investments to Advance Climate Resilience in Africa

Business, Corporate Stories, Energy
The AfricaGoGreen Fund (AGGF) has made headlines today with the announcement of its successful second fundraising close, securing $47 million in combined investments from top financial organizations, including the International Finance Corporation (IFC), the African Development Bank (AfDB) (www.AfDB.org), the Nordic Development Fund (NDF), and the Sustainable Energy Fund for Africa (SEFA). Green energy concept. Electrical power socket outlet in tree trunk. The funding will allow AGGF to broaden its financing for climate-friendly projects in Africa, including purchasing high-efficiency appliances and industrial equipment, retrofitting existing buildings and new green buildings, and installing rooftop solar and battery storage for residential, commercial, and industrial consumers. ...
Emeka Ebeniro, Blessing Abeng, Paul Foh, Purple Ames, Grace Nafuna, headline Personal Branding Summit

Emeka Ebeniro, Blessing Abeng, Paul Foh, Purple Ames, Grace Nafuna, headline Personal Branding Summit

Business
The Personal Branding Summit is back for its 3rd edition. The theme for this year’s edition is "CHANGING THE NARRATIVE". This conference will take you on a journey on how to scale up your Brand. Great speakers like Paul Foh, Grace Nafuna, George Adulu, Blessing Abeng, Ella Nnadozie, Purple Ames and Emeka Ebeniro will speak at the event. Africa’s No. 1 Global summit on Personal Branding will hold on Thursday, February 23rd and Friday, February 24th leading thought influencers and global architects would be coming together. The summit would provide a platform for networking among key personalities in personal branding around the world while providing dynamic learning opportunities that will help attendees improve in their areas of expertise. Over the past Two years, PBS has ho...
UBA Announces Abiola Bawuah as first female CEO for Africa Operations

UBA Announces Abiola Bawuah as first female CEO for Africa Operations

Business, Corporate Stories
United Bank for Africa (UBA) Plc on Monday announced the appointment of Abiola Bawuah as Chief Executive Officer (CEO) of UBA Africa. The Ghanaian, who is the first female CEO of UBA Africa, will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent outside Nigeria. UBA operates in 19 African countries beyond Nigeria, in addition to global operations in New York, London, Paris, and the UAE. Abiola Bawah Mrs. Bawuah’s appointment means the Group Board now has eight female Directors, a demonstration of UBA’s commitment to diversity. Prior to her appointment, Bawuah was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia...
Nigeria, India Trade Volume Hit $14.95bn in 2022 -Shri Balasubramanian

Nigeria, India Trade Volume Hit $14.95bn in 2022 -Shri Balasubramanian

Business, Economy
The volume of trade between Nigeria and India in 2022 was $14.95 billion, the Indian High Commissioner to Nigeria, Mr. Shri Balasubramanian has revealed. Speaking in Abuja on Thursday during the celebration of 74th Republic Day of India, the envoy disclosed that the volume of trade was in favour of Nigeria. He noted that the business and diplomatic ties with Nigeria are still very strong as there are so many Indian business operating in the country and there are patronages for Nigerian goods in India. The envoy said, “there has been improvement in importation of India pharmaceutical product into Nigeria. And there are efforts to improve trading and other ties between the two nations.’ He however said that improving the volume of trade depend on demand and supply on bo...
World Bank Group Appoints New Country Director for Malawi, Tanzania, Zambia, and Zimbabwe

World Bank Group Appoints New Country Director for Malawi, Tanzania, Zambia, and Zimbabwe

Africa, Business
Mr. Belete will be based in Dar es Salaam from where he will oversee a portfolio of about $12.5 billion in total commitments for the four countries Nathan Belete The World Bank Group has appointed Nathan Belete as the new Country Director for Malawi, Tanzania, Zambia, and Zimbabwe. Mr. Belete is an Ethiopian national and a development professional with over 25 years of work experience across Africa, East Asia, and South Asia Mr. Belete is an Ethiopian national and a development professional with over 25 years of work experience across Africa, East Asia, and South Asia. He was previously the World Bank’s Country Director for Cabo Verde, The Gambia, Guinea-Bissau, Mauritania, and Senegal, based in Dakar. Mr. Belete will be based in Dar es Salaam from where he will oversee a...
KPMG  South Africa’s Ignatius Sehoole appointed as Chairman of KPMG’s Africa region

KPMG South Africa’s Ignatius Sehoole appointed as Chairman of KPMG’s Africa region

Business, Corporate Stories
Prof Wiseman Nkuhlu, Chairman of KPMG in South Africa, announced that Ignatius Sehoole, the South African firm’s CEO, has been appointed as the Chairman of KPMG’s Africa region with effect from 1 October 2022 as well as a member of the KPMG Global Board. Ignatius Sehoole KPMG’s Africa region represents 54 countries in the continent within the East, West, and Southern Africa areas as well as the Francophone countries. KPMG has 21 member firms with over 6 600 colleagues and partners in Africa. “In this role, Ignatius will implement a collective approach where clients will see KPMG’s Africa firms work together to represent the continent and have the ability to serve and create consistency in the way we do business,” says Prof Wiseman Nkuhlu. Ignatius, a qualified Chartered A...
NGX Group stays committed to highest level of corporate governance

NGX Group stays committed to highest level of corporate governance

Business, Capital Market, Corporate Stories
Nigerian Exchange Group Plc (NGX Group) said it remains committed to the highest level of corporate governance with the overriding interest of maximising value for its shareholders. NGX Group noted this in its September 20 response official to media reports following the release of the Company’s notice for its upcoming annual general meeting.In the response signed by Mojisola Adeola, company secretary, the NGX Group said: “While it is the Company’s practice to refrain from commenting on frivolous and malicious rumours, we believe it is in the interest of the investing public to correct the errors/misstatements in recent media reports following the release of the Company’s notice for its upcoming annual general meeting. Note that its Audited Financial Statements for the year ended 2021 wer...
NGX Group releases dividend policy

NGX Group releases dividend policy

Business, Capital Market, Corporate Stories, Uncategorized
Nigerian Exchange Group (NGX Group) Plc has stated that it will continue to ensure that its shareholders received mouthwatering returns on their investments even as it released its dividend policy.  The policy document which was approved by the board of directors of NGX Group Plc and published on the company’s website was formulated in accordance with the Laws of the Federal Republic of Nigeria, investment and tax legislations, Codes of Corporate Governance, as well as internationally recognized best practices and principles. Nigerian Exchange Group House “NGX Group, through its Dividend Policy, seeks to guarantee shareholder rights especially as it relates to return on investment. The policy is developed to address issues relating to the determination and payment of dividen...

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/insidebu/public_html/wp-includes/functions.php on line 5373