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Egyptian Billionaire Naguib Sawiris To Invest $250 Million To Rescue Brazilian Telecom Operator

Naguib Sawiris

Egyptian billionaire Naguib Sawiris has reportedly offered to invest $250 million in Brazilian telecom operator Oi in an effort to pull the company out of bankruptcy proceedings. Check also: The Youngest Billionaire In Africa, Mohammed Dewji To Create 100,000 Jobs In Tanzania According to a report by the Wall Street Journal, a proposal for the investment has been drafted by the Sawiris Group ...

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Here’s Why Rwanda’s Capital, Kigali Wants Businesses Out Of Residential Areas

kigali businesses

The City of Kigali, yesterday, hosted a news conference to shed light on the rationale behind a directive requiring businesses and nonprofit entities working from residential buildings to relocate. Check also: 5 Business Lessons From One Of Africa’s Most Successful Oil Multi-millionaire, Muhammadu Indimi Parfait Busabizwa, the City vice mayor in charge of economic development, said the move aims at promoting ...

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How China Became The world’s New Champion Of Free Trade

Free trade

The Trans-Pacific Partnership (TPP) was the largest ever US-proposed trade deal and took years to put together, but US President-elect Donald Trump has promised to withdraw from the deal on his very first day in office. Check also: China Donated Food To Help Zimbabwe Solve Hunger Problem The TPP, signed by 12 countries in February 2016, covers 40 percent of the world’s economy. ...

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Facebook’s CEO, Mark Zuckerberg Lost $3 Billion On Thursday

Mark

Facebook CEO Mark Zuckerberg lost $3 billion on Thursday, as Facebook’s shares dropped more than 5.6 percent after its quarterly earnings report. Check also: Facebook co-founder, Dustin Moskovitz Commits $20 Million To Help Democrats In 2016 Election Facebook’s chief financial officer David Wehner said on Wednesday that Facebook’s ad load — a key driver of Facebook’s growth — could “come down meaningfully” after mid-2017. ...

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5 Business Lessons From One Of Africa’s Most Successful Oil Multi-millionaire, Muhammadu Indimi

Muhammadu Indimi

Nigerian oilman Muhammadu Indimi is one of Africa’s most successful businessmen. Indimi, who has a net worth of $500 million according to FORBES Magazine’s 2015 ranking of Africa’s richest people, is the founder of Oriental Energy Resource Limited a leading privately owned Nigerian oil exploration and production company. Oriental, which he founded in 1990, has three projects offshore of Nigeria’s Niger Delta region. ...

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