January 17, 2018

Challenges holding down African airlines

Challenges holding down African airlines... NAIJA INVEST

AFRICA is said to be the continent with the second largest population but only accounts for less than four per cent of global air traffic. Poor infrastructure, stalled liberalisation, high taxes and fuel surcharges are reasons for such a small share of the aviation market for decades. The continent’s aviation industry is beset by a wide range of negatives that impede growth, including strong state protectionism, a lack of desire to liberalise, a poor safety record stemming from ageing aircraft, weak finances and inadequate regulatory supervision, underdeveloped infrastructure across most of the continent and a lack of professional expertise. Added…

Investment One eyes one-stop investment services

Investment One eyes one-stop investment services

The regulatory regime of the Central Bank of Nigeria (CBN) that redirected Nigerian deposit money banks to core banking activities created challenges and opportunities. CBN’s Scope of Banking Activities and Ancillary Matters No 3, 2010 requires banks to fully concentrate on core banking functions. It requires banks to either sell non-core banking businesses or form a holding company to hold such non-core banking businesses including activities such as insurance, asset management and capital market operations. Most banks, including Access Bank Plc, Diamond Bank Plc, Fidelity Bank Plc, Guaranty Trust Bank (GTB) Plc, Skye Bank Plc, Sterling Bank, Zenith Bank, Unity…

UNCTAD: Nigeria Remains Number One Investment Destination in Africa

UNCTAD: Nigeria 
Remains Number One Investment Destination in Africa... NAIJA INVEST...

Nigeria has again emerged number one destination for Foreign Direct Investment (FDI) in Africa, according to the United Nations Conference on Trade and Development (UNCTAD). UNCTAD said in its World Investment Report 2013, titled: “Global Value Chains: Investment and Trade for Development,” that FDI inflows to Nigeria stood at $7.03billion. South Africa recorded $4.572 billion, Ghana ($3.295 billion), Egypt ($2.798 billion), and Angola (-6.898 billion), among others. A breakdown of the Global FDI report, released yesterday, showed that Foreign Direct Investment flows to African countries increased by five per cent to $50billion in 2012, even as global FDI fell by…

Exploring private equity activity in Nigeria, Africa

Exploring private equity activity in Nigeria, Africa

Avanz Capital, an investment firm that specialises in private equity across emerging and frontier markets in collaboration with African Venture Capital Association (AVCA), recently released a new study on the private equity market in Africa. Private equity refers to the purchase by a private investor of a share of a company that is not listed on a stock market. The company invested in, can then take the money from the sale and use it for expansion or other investments. In exchange, the owner gives up some control, as the new partner gets a seat on the board or, in smaller…

Kwara’s N70bn rice project starts December 2012

Kwara’s N70bn rice project starts

THE Kwara Government said its N70 billion joint venture rice cultivation and processing project with Vasolar S.L 2006 of Spain will commence by December 2012. The Chief Press Secretary to Governor, Alhaji AbdulWahab Oba, stated this on Sunday in Ilorin in an interview with the News Agency of Nigeria. He said the project had an initial life span of four years. Oba explained that a letter received by government last week from Vasolar S.L. 2006, stated that the company had secured fund to execute the project. “Following its board’s earlier approval of the project, it (the company) is ready to commence operations within the next 90 days….