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Finance & Investment

Presidents of Rwanda, Senegal, DRC to engage over 5000 participants at TEF Entrepreneurship Forum

PRESIDENT’S of the Democratic Republic of Congo (DRC), Rwanda,Senegal, H.E Félix Tshisekedi , H.E Paul Kagame and H.E Macky Sall respectively, will engage over 5000 entrepreneurs, policymakers, investors and business leaders in an interactive, moderated by TEF Founder, Tony O. Elumelu, CON at the 5th Tony Elumelu Foundation Entrepreneurship Forum. The Presidents will also be interacting with thousands of people …

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NAHCO expands export warehouse capacity to handle increased cargo volumes

NAHCO aviance has expanded the size of its export warehouse, as part of plans tailored at increasing capacity to take care of growing cargo volumes. The new facility, comprising three sections; Annex Extension, the Canopy Area and the Ramp Area comes on the heels of expanding airfreight volume in the country. The Annex extension has a dimension of 270 square …

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Tony Elumelu Foundation highlights relevance, urgency of supporting entrepreneurial led economic growth in Africa

AT a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at a case study session in the EU …

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Air Peace, Embraer ink $2.1bn deal for 30 brand new E195-E2 jets

AIR PEACE today (Wednesday) set a continental record in Africa with the signing of a US$2.1bn deal for 30 brand new Embraer 195-E2 aircraft. The deal which was unveiled during Embraer Business Meeting with the Aviation World in Port Louis, Mauritius, makes Air Peace the first to order the brand of jets in the whole of Africa, thereby becoming the …

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FAAC shares N619,857b to FG, states and local governments

FEDERAL Accounts Allocation Committee(FAAC) has shared N619,857 billion federal revenue generated in the month of February 2019 among the three tiers of governments This is just as the FAAC has announced that the Excess Crude Account has the sum of $183million as at March 27, 2019. A communique issued by FAAC indicated that from the total revenue of N619,857 billion …

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Shareholders approve 15k per share as dividend for Transcorp Hotels plc

Lauds company’s  impressive performance AFRICA’s leading hospitality brand, Transcorp Hotels Plc recorded a 26% increase in turnover, with shareholders unanimously endorsing a final dividend of ₦1.14bn for the 2018 financial year translating to 15kobo per ordinary share, which is a 20% improvement over the 12kobo per ordinary share for 2017. The Stakeholders of Transcorp Hotels Plc, due to this, have …

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Tony Elumelu Foundation Entrepreneurship Programme application closes March 1

founded by Abiodun Adereni, Help Mum, a Nigerian based enterprise that provides low-cost birth kits to prevent child and maternal mortality recently won the first ever Google Nigeria Impact Challenge and has attracted additional capital investments; iMed Tech, founded by Nneile Nkholise, innovates in the medtech space in South Africa by using technology to create breast prostheses for women with breast cancer;

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