The Anzisha Prize
Being a young entrepreneur is difficult, no matter where you are from. But in Africa, the challenges are often far more emphasised. Resources, financing, mentorship and supporting services are even scarcer.
Five Tips for Success by Africa’s Top Young Entrepreneurs
ITU Statistics Confirm ICT Revolution of Past 15 Years
7bn Mobile Subscriptions, up from 738m in 2000
3.2bn Internet Users, 2bn in Developing Countries
Broadband Now Affordable in 111 Countries
New figures released by ITU indicate that over the past 15 years, information and communication technologies (ICTs) have grown in an unprecedented way, providing huge opportunities for social and economic development.
Insurance CEOs Query 10-Year Tenure Draft
Chief executives of insurance firms in the country have sharply disagreed on the draft legislation by the National Insurance Commission (NAICOM) for CEOs to leave office after 10 years. A similar measure was executed in the banking sector under Mallam Sanusi Lamido Sanusi. Many CEOs who craved anonymity queried the rationale for the measure by NAICOM, insisting that insurance should not equated with the banking sector.
17 Insurance Firms Await June 30 NAICOM Deadline
A total of 17 insurance companies are racing to secure approval of their 2014 annual accounts by the industry regulator, National Insurance Commission (NAICOM) by the close of work on Tuesday, June 30, 2015. Already, 23 operators have received NAICOM approval on their account.
IFC: 2.5bn Adults, 200m MSMEs Lack Access to Credit
The International Finance Corporation (IFC) says an estimated 2.5 billion adults and 200 million Micro, Small and Medium Enterprises (MSMEs) worldwide lack access to credit or savings.
Accordingly, IFC says its Financial Institutions Group is committed to providing universal access to finance by 2020. It hopes to achieve the target by working through financial intermediaries to support far more micro, small, and medium enterprises than we would be able to on its own.
Akon says Singing Has Given Him a Platform to Promote Africa
622m Africans Lack Electricity
Unveils Akon Lighting Africa Initiative
Grammy-nominated hip-hop artist Akon says being a successful entertainer has given him a platform to pursue his dream of helping Africa grow and prosper.
Case Study: The Collapse of Lehman Brothers
Overview
On September 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman’s bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron.
Chinese Dominance Worries Nigeria’s Textile Traders
Nafiu Badaru, a junior civil servant in northern Nigeria’s biggest city Kano, doesn’t make much money and it takes some cash to look good so he tends to buy Made-in-China fabric.”A piece of high-quality brocade (cloth) costs around 10,000 naira ($50, 47 euros), which is way too expensive for me,” he told AFP.
VICTORY Letter to SEPP BLATTER
The $10m Bribe Scandal
“I have been reflecting deeply about my presidency and about the 40 years in which my life has been inextricably bound to FIFA and the great sport of football. I cherish FIFA more than anything and I want to do only what is best for FIFA and for football.
It is my deep care for FIFA and its interests, which I hold very dear, that has led me to take this decision,” he said.
Will Buhari Reverse Power Sector Privatisation?
Labour Supports Reversal, Alleges Irregularities, Fraud, Worsening Power Situation The in-coming administration of President-elect, Mohammadu Buhari is under intense pressure to reverse the privatisation of power assets in the country initiated under the out-going Goodluck Jonathan government. Another initiative is to increase Federal Government equity in the already privatised power assets from 49 to 59 percent in order to have control in the running of such power assets across the country.
Special Report: The Leading Insurance Companies in Nigeria
The Tunisian Federation of Insurance Companies “FTUSA” and Tunisian Reinsurance Company “TUNIS RE” are honored to host the 42nd AIO Conference and General Assembly from 24th to 27th May in Gammarth, Tunisia.
The conference will be organised under the auspices of the African Insurance Organisation “AIO.” This conference presents a good opportunity for a valuable exchange of ideas and experiences in order to support business exchange between the different partners of our industry.
We, The Prisoners of DStv
MultiChoice implements annual subscription price increase in all its
operating countries, however, a price increase was not implemented in Nigeria last year.
-Ms. Caroline Oghuma; Public Relations Manager, MultiChoice Nigeria.
Once upon a time, there was a homegrown payTV network in Nigeria named HiTV. Established in 2007, it later won the rights to the English Premiership League (EPL) which was the icing on the cake for it and its rising clientele. Unfortunately, the romance did not last.
Headline Inflation Accelerates in April; Rises to 22-month High
The MPC concluded its third seating for the year with all policy rates left unchanged save the Cash Reserve Requirement (CRR) which was harmonized to 31.0%. This was in contrast to the previous 20.0% on private sector deposit and 75.0% public sector deposit (35.0% effective rate as at February 2015). We expect the equities market to react positively to this, given its implied impact on interest income of banking tickers going forward.
Kerry Leading US Delegation to Nigerian Presidential Inauguration
U.S., Secretary of State, John Kerry will lead the US delegation to the inauguration of Nigerian president-elect Muhammadu Buhari in Abuja this week, the White House has said. Buhari will be sworn in on May 29 after defeating out-going president Goodluck Jonathan in the first Nigerian election that saw the opposition candidate defeat an incumbent.
Nigeria’s Democratic Success: Time for Greater U.S. Engagement
The United States needs to act fast, wisely and comprehensively to shore up and strengthen its relations with Nigeria following that country’s recent successful national elections. Nigeria’s presidential and gubernatorial elections (held respectively March 28 and April 11) were a political triumph for the people of that country as well as for the continued positive trajectory of democracy across sub-Saharan Africa.