Business

Africa’s richest man, Aliko Dangote, plans to invest in the energy and agricultural sectors of Zambia. Check also: Aliko Dangote Begins To Construct A $1 Billion Cement Plant In Nigeria According to Nigeria’s Punch newspaper, the billionaire made this known on Sunday when he paid a courtesy call to Zambian President, Edgar Lungu, in Lusaka. While urging the Zambian government to roll out ...

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 ...

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 ...

The Trans-Pacific Partnership (TPP) was the largest ever United States-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 ...

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. ...