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Morocco’s Mutandis Launches IPO To Raise 400M Dirhams In Casablanca

Morocco’s Mutandis Launches IPO To Raise 400M Dirhams In Casablanca

  Morocco’s Mutandis received green light on Friday to launch an Initial Pubic Offering (IPO) to raise 400 million dirhams (42.1 million dollars), the second this year on the Casablanca Stock Exchange, bourse regulator AMMC said on Friday. Founded in 2008, Mutandis is an industrial and commercial group, specialising in consumer goods. It owns nine plants […]

Nigeria: Teleology Takes Over 9mobile Telecoms

  Teleology on Monday announced the formal take over of the management of 9mobile, a mobile telecommunication company in Nigeria. It also announced the constitution of a new board of directors for the company in Lagos. Teleology said the constitution of the new board followed the successful completion of the tenure of the former board […]

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Africa Investment Forum A Game-Changer

  This week’s inaugural Africa Investment Conference is expected to be a game-changer for the development and economic growth prospects of the continent, organisers said on Monday. The three-day forum, which will kick off on Wednesday, will see government leaders and captains of industry gather at the Sandton Convention Centre to chart a new growth […]

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President Ramaphosa Arrives Germany For G20 Africa Conference

  President Cyril Ramaphosa has arrived in Germany where he is expected to participate in the G20 Africa Conference in Berlin. The conference will discuss progress made with the G20 Partnership with Africa and the Compact with Africa (CwA), the Presidency said on Monday. The CwA was formally launched during the July 2017 G20 Hamburg […]

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Nigerian Naira Loses Marginally Against Dollar At Parallel Market

  The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos. The Pound Sterling and the Euro closed at N480 and N417, respectively. At the Bureau De Change (BDC) window, the Naira was sold at N360 to the dollar, […]

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Global Competitiveness: Nigeria Ranks 115th Out Of 140 Countries

  Nigeria has been ranked 115th out of 140 countries assessed in the 2018 Global Competitiveness Report (GCR) of the World Economic Forum (WEF), a statement has said. The statement issued by Dr Jumoke Oduwole, Senior Special Assistant to the President on Industry, Trade and Investment, Office of the Vice President, on Monday in Abuja […]

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African Legacy International Holds Business Summit In Nigeria

  By Peter Usman As a way of showcasing businesses and entrepreneurs for the purpose of achieving sustainable economic development in Nigeria and Africa at large, the African Legacy International, is to hold  2nd emerging business summit in Abuja, Nigerian capital.   The two – day summit which begins on the 24th October, 2018 will be held at the […]

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Google Tells U.S. Lawmakers, Mulling Options On China Services

  Alphabet Inc’s Google unit has told U.S. lawmakers it was considering “a variety of options” to offer additional services in China, but declined to detail plans for addressing Chinese censorship. The company has come under criticism after reports it was considering re-entering China’s search engine market and would comply with its internet censorship and […]

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