These are the people who have had the greatest influence, who caused the most disruption in business over the past 25 years.» Read More
*Central bank raised concerns over Lawson's loans. LAGOS/ ACCRA, Oct 30- Pan-African lender Ecobank announced the departure of chairman Kolapo Lawson on Wednesday in an attempt to restore confidence after a series of blows to its reputation.
*Delivery fleet seeks to beat Lagos traffic. BERLIN, Oct 24- The online retailer Jumia, a would-be African Amazon, is betting that it can propel the continent's rising middle class consumers out of the street markets and straight onto its websites, missing out the department stores and shopping malls in between.
*Nigeria's Lagos has a GDP bigger than most African nations. LAGOS, Oct 23- A walk along the two kilometres of light rail that Lagos authorities have managed to build in three years gives a sense of how hard it is to impose order on one of Africa's most chaotic cities.
Olusegun Aganga, Nigerian minister of industry, trade and investment, says the Nigerian government has "an industrial revolution planned" as well as a "strong, robust" macro-economic background.
*Pirates often violent- International Maritime Bureau. LONDON, Oct 17- Pirate attacks off Nigeria's coast have jumped by a third this year with ships passing through West Africa's Gulf of Guinea, a major commodities hub, increasingly under threat from gangs wanting to snatch cargoes and crews.
*Pirates often violent- International Maritime Bureau report. LONDON, Oct 17- Pirate attacks off Nigeria's coast have jumped by a third this year with ships passing through West Africa's Gulf of Guinea, a major commodities hub, increasingly under threat from gangs wanting to snatch cargoes and crews.
*Lagos 21 million people produce 10,000 tonnes of waste daily. LAGOS, Oct 11- One thing Nigeria's megacity of Lagos, one of the world's largest, generates in abundance is trash.
PARIS, Oct 9- The Renault-Nissan Alliance and West African conglomerate Stallion Group have signed a preliminary agreement to start vehicle assembly in Nigeria and potentially create a major Nissan manufacturing hub for Africa.
LAGOS, Oct 4- Citigroup expects revenues from Africa to grow by 10 percent a year for at least the next five years on the back of soaring prosperity on the continent, the head of its sub-Saharan Africa business told Reuters on Friday.
LAGOS/ ABUJA, Oct 2- In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss.
*About 25 pct of top office space vacant in Cairo- report. DUBAI/ LONDON, Sept 26- A flight by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls and prompt international investors to shift funds to sub-Saharan real estate.
Africa's rapid economic growth has lured top American private equity firms to invest, including The Carlyle Group and Blackstone.
NEW YORK, Sept 24- Nigeria's fledgling sovereign wealth fund on Monday completed investment allocations for the 20 percent of the $1 billion it is setting aside to guard against commodity price shocks, its chief executive said.
*Critics stay mostly silent in the West, speak out in Africa. PARIS, Sept 22- There was delight, curiosity and concern at Roman Catholic churches this weekend as the impact of a remarkably frank interview Pope Francis gave to Jesuit journals began to sink in with the faithful around the world.
*Nigeria has unmet demand for 16 million homes. *Huge population, growing middle-class driving boom. ABUJA, Sept 15- On one of the most exclusive streets in Nigeria's capital sits a crumbling mansion with an unwelcoming message painted at its entrance: "BEWARE!
LONDON, Sept 12- Norway's Statoil is setting up a political and security risk analysis team to protect employees and assets in global hotspots after failing to foresee a deadly attack in Algeria earlier this year, company officials said.
JOHANNESBURG, Sept 12- Africa's robust economic growth over the past decade has raised hopes the world's poorest continent can reduce reliance on aid.
*Kenya may need to borrow at yields of 8 pct. LONDON, Sept 9- The world's less developed states are reappearing in international debt markets, putting up with slightly higher borrowing costs in a race to beat a growing aversion to risk that could shut them out for some time.
LONDON/ TOKYO, Sept 9- Japan's Suntory Beverage& Food Ltd is to buy GlaxoSmithKline Plc's Lucozade and Ribena brands for 1.35 billion pounds to help it expand into new markets. Japan's second-largest drinks maker by sales after the local arm of Coca-Cola Co has plenty of cash after raising $4 billion in a stock market flotation in June.
Davinder Sikand, partner at private equity firm the Abraaj Group, says that Africa's growing urbanisation and middle class will drive the continent's growth.