With over 367 million mobile phone users, Africa is a market to conquer for the social gaming specialist Gameloft. Vincent Brezillon, Gameloft’s director Africa, said this is the reason why they opened an office in Nigeria. The company, in sight of the excellent results it achieved in South Africa where it has opened shop 2012, is confident to achieve its goal. “The success that we’ve...

The year 2016 looks bright for nickel-producing companies. At least it does according to the forecasts of a certain number of Finance experts, Bloomberg and Crédit Suisse. Following the drastic fall in prices of nickel which resulted in a depreciation that cost many firms billions of dollars, this forecast seems is a glimmer of hope shinning on the tumbling industry. If it proves true, this...

On January 21, 2016, at the World Economic Forum held in Davos, a new global partnership was established during a session of the UN Broadband Commission for Sustainable Development. The goal of this partnership which involved all the Forum’s participants is to connect 1.5 billion people more to internet by 2020. Presently, only 3.2 billion people, out of a world population of 7.4 billion,...

The more the prices of crude oil in the international market continues to decline, the more the pressure on OPEC members to come to an agreement increases, analysts revealed. “The first two objectives of either getting all the OPEC countries to collectively make production cuts or introduce participation of additional major non-OPEC countries, albeit not necessarily with a membership of OPEC,...

Nigeria is losing $2.4 million of gas and electricity daily due to pipeline sabotages, the Ministry of power, works and housing warn. The ministry declared this following the Nigerian National Petroleum Corporation (NNPC)’s closure of two oil refineries on January 20, 2016, after the pipelines attacks that affected crude oil supply in the country. According to NNPC, the refineries (one...

Nigeria plans to mobilize about $5 billion of external loans, a Eurobond included, to finance its budget deficit, minister of Finances, Kemi Adeosun (picture), said on January 21. “Our total borrowing expectations are now at 1.8 trillion naira ($9.1 billion)”, the minister wrote in an article entitled Nigeria’s Economy: The Road to Recovery, which was circulated by her ministry....

Private-equity Company 54 Capital just announced it invested in the capital of the Ethiopian laboratory Addis Pharmaceutical Factory (APF). 54 Capital injected 30 million dollars to acquire a stake in this firm – leader of pharmaceutical industry –and took an option to invest another $US 12 million in its capital, the African-focused firm stated in a release it recently published....

It is public knowledge that the Africa n°1 Gabon radio station is going down the hill and also that Gabon’s government committed to rescue the pan African media. “The Gabonese government, to help the station, committed to provide it with 150 million Fcfa monthly”, news website Gaboneco stated. The news website added that the spokesperson to government who also happens to be minister of...

In Sudan, the President Omar al-Bashir (photo), has at last decided to reduce the transit fees for the conveyance of South Sudanese oil through the northern pipelines, an official revealed. The official only said that the President’s decision came after a request made by South Sudan’s foreign minister Barnaba Marial Benjamin but did not give more details concerning the issue. Sudanese...

Chevron has revealed plans to sell off 75% of its South African business unit in Cape Town. The company stated that its call for expression of interest was conforms to a three-year asset sales programme it announced in 2014. “This demonstrates Chevron's continuing focus on balancing our global portfolio with our long-term business priorities, and it is aligned with our previously...