When banks go bust: the four factors at play – trust, confidence, contagion and systemic risk Banks are in the news again. Two bank failures in the US, and the forced takeover of Credit Suisse by UBS in Switzerland, have triggered the worst turmoil in the banking sector since the […]
Africa’s shift to low-cost manufacturing puts women at risk – 4 lessons from the Asian Tigers Between 2005 and 2014, manufacturing production across the continent more than doubled from US$73 billion to $157 billion. This was faster than the global average. Author Niamh Gaynor Associate Professor of […]
FirstBank Appoints Seyi Oyefeso as Executive Director Prior to Oyefeso’s appointment, he was the Group Executive Director, Retail Banking South (Lagos and West), having also served as the Country Managing Director, FBN Bank Ghana Ltd. FirstBank of Nigeria Ltd has appointed Mr Oluseyi Oyefeso as Executive Director, Retail Banking […]
African start-ups were a bright spot in the global funding ecosystem of 2022 As rising borrowing costs and recession concerns weighed on global venture capital investment in 2022, Africa’s start-up ecosystem attracted record funding. Business and Financial Times Global funding from venture capital firms fell significantly amid recession fears […]
Self-Made: With $10 to His Name, This Black Man Built West Africa’s Largest Car Manufacturing Plant Innocent Chukwuma has built a fortune by building West Africa’s biggest carmanufacturing plant in Nigeria. Black Enterprise By Darryl Robertson Innocent Chukwuma has built a fortune by building West Africa’s biggest carmanufacturing plant in Nigeria. […]
US puts forward businessman to lead World Bank US President Joe Biden is nominating Indian-American businessman Ajay Banga to lead the World Bank, after its previous leader resigned early. BBC News US President Joe Biden is nominating Indian-American businessman Ajay Banga to lead the World Bank, after its previous leader […]
South Sudan’s oil and water give it bargaining power – but will it benefit the people? New investment could affirm South Sudan as east Africa’s largest oil producer. The country is a member of OPEC. It currently pumps an estimated 150,000 to 170,000 barrels a day. Authors Harry Verhoeven […]
Naira Swap Policy May Affect Q1 2023 GDP By 5% – Rewane Though the CBN extended the deadline by 10 days, resulting nationwide scarcity fueled outrage amid point-of-sales (PoS) charge hikes and reports of several banking outlets hoarding the new notes. By Oluwatobi Aworinde An economic expert, Bismarck Rewane, on […]
Somaliland’s oil find could reset the regional balance: here’s how The presence of oil in Somaliland has been confirmed by a recent exploration. The discovery has raised the stakes in Somaliland’s claim for independence from Somalia as it holds the potential for a new stream of revenue for the semi-autonomous […]
Equinor Looks To Offload $1 Billion In Nigerian Oil Assets The potential sale of Equinor’s 20% stake in the Agbami field offshore Nigeria could fetch up to $1 billion, according to Reuters’ sources. Editor OilPrice.com Equinor has hired Standard Chartered to assist in a sale of the Norwegian energy […]
