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Nigeria is the 19th Most Attractive Investment Destination in Africa
June 26, 2017

Africa’s most populous country, Nigeria has been ranked the 19th most attractive investment destination on the African continent, despite a prolonged period of harsh economic conditions, according to an African Investment Index report released by Quantum Global Research Lab, the research arm of Quantum Global.

According to the report, Nigeria attracted over $3 billion in foreign investment in 2015 alone.

“Despite the current market volatility, Nigeria presents tremendous investment opportunities in these areas, which would not only support the local economy but also deliver significant yields to foreign investors,” Prof Ncube said while commenting on the Nigerian economy.

Nigeria remains Africa’s biggest economy with a GDP of $415 billion. However, GDP has shrunk significantly from a peak of $510 billion, a result of its over-dependence on a shaky oil for national revenue.

But the country’s economic size and projected GDP growth make it a tremendous destination"...

June 21, 2017
The Algerian oil and gas company, Sonatrach, has offered a very juicy deal to Dodsal Group based in Dubai, thenational.ae. website reported. Dodsal Group is being now responsible for engineering, procurement, construction and commissioning of a separation and compression plant for a total of $ 1.1 billion, not far from the field of Hassi Messaoud province. Under the terms of the contract, Dodsal Group will be required to carry out work that includes the detailed engineering, procurement, construction and commissioning of the plant before 2020. dzbreaking ...
June 19, 2017

The Algerian Government’s Action Plan has placed the development of productive agricultural activities in a way that not only to strengthen the country’s food security, but also to diversify the national economy and reduce the imbalance in trade of the main agricultural products, APS reported on Sunday.

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June 26, 2017

African Development Bank (AfDB) has invested $15 million in Shore Capital Fund III, a multinational Private Equity Fund that encourages financial inclusion by supporting financial service providers serving Africa’s low-income and emerging middle-class communities.

The private equity fund has a capitalization target of $150 million and plans to fund a variety of financial institutions including"...

June 25, 2017

StarTimes TV has extended its PayTV service to five more counties in Kenya as it seeks to deepen its footprint within East Africa’s largest economy.

The PayTV service provider revealed that it had launched its service in Kitui, Garissa, Kapenguria, Embu, Trans-Nzoia and Laikipia. It aims to capture Kenya’s rural market with these new launches.

The"...

June 25, 2017

Epicor customer event highlighted how local businesses can use technology trends and strategies to become regionally and globally competitive

Driven by significant growth in smartphone adoption, Africa is poised to become the skills pool for the world. Underpinned by innovation solutions derived from trends such as the Internet of Things (IoT) and data analytics, the continent has become an attractive"...

June 25, 2017

A video of ” Air Algerie” plane landing in the airport yard and then suddenly flying back with a technology called “touch and go” has widely circulated on the social pages, Ennaher online reported.

The pilot can use this technique when facing inevitable danger, such as high speed landing that is difficult to stop or bad weather.

The purpose of this technique is to"...

June 25, 2017

The International Wines Exhibition, held under the motto of “discovery, taste and marketing” this year, wrapped up on Wednesday in the French city of Bordeaux with the successful involvement of the relevant African Economic Commission.

Africa's entry into the exhibition coincided with the last ten days of Ramadan. In addition to South Africa, which occupies seventh place globally, in"...

June 24, 2017

The US Department of States, Coca-Cola and Kelly School of Business at Indiana University have announced their readiness to receive 14 Algerians, among 100 young entrepreneurs, coming from the Middle East and North Africa region, for the sixth edition of MENA Scholarship program.

The program will take place from 24 June to 23 July 2017, at the Institute of International Business at Indiana University,"...