Business

Japanese automotive group Nissan is to set up a new regional business unit for Africa as it seeks to boost manufacturing capacity and infiltrate one of the world’s biggest undeveloped new vehicle markets. The move denotes a revamping of the company's disparate operations on the continent bringing them inside one entity headed by Mike Whitfield. He has previously served as...

Nissan automobile, in partnership with Japan Motors Trading Company Ltd. (JMTC), has put plans in motion to set up a vehicle assembly plant in Tema, Ghana. This agreement between JMTC and Nissan is borne out of a long term business partnership between the two companies, with the JMTC being the local partners. The establishment of the vehicle assembling plant is...

…plans Roll-Out in Nigeria, Egypt, Tunisia, and Kenya The creation of the mobile business happened the second that prepaid calling was executed. Users with no secure income except for generally limited amounts of money could become clients when they had money. This week Mondia, a leading independent digital entertainment enabler, has launched a content platform that may turn into the...

Sequel to the takeover of Peugeot Automobile Nigeria (PAN) Limited, the new major investor in the company, Nesbitt Investment Nigeria Limited, recently announced its plans to provide liquid capital of $150 million over the next three years. According to Nesbitt, the fund is to "awaken this huge sleeping giant of immense economic potential." In his opening remarks on Monday 19...

Stripe, a US-based payments giant, is venturing its business into Africa by obtaining Lagos-based payments firm Paystack in an arrangement supposedly worth more than $200 million. Established in 2015 by Shola Akinlade and Ezra Olubi, Paystack tackled online payments in Nigeria. Via seamlessly interfacing all multi-channel payment alternatives with traders nationwide, it empowered them to acknowledge payments from around the globe...

Based on the research data analyzed and published by ForexSchoolOnline.com, Activision Blizzard stock has soared 111% over the past three years. The stock has outperformed the overall stock market, recording a 39.9% growth rate year-to-date. However, the company's revenues have taken a beating during the same period, dropping by 1.5%. Similarly, a Newzoo research report shows a drop of -18%...

Britishvolt, the UK's foremost investor in battery technologies, has announced the appointment of Ray Macera as Project Director for the construction and implementation of Britain's first battery gigaplant. Macera, who is reporting directly to Britishvolt CEO, Orral Nadjari, leads one of the largest industrial investments in British history. The gigaplant will produce world-leading lithium-ion battery technology for the automotive and...

MainOne, West Africa's premier connectivity and data centre solution provider recently on-boarded BMI-CI on its network by providing world-class, internet infrastructure and data centre solutions. BMI-CI is a financial technology company that specializes in the design, deployment and management of technological, IT and electronic payment solutions. In a bid to improve its productivity and provide robust services to its customers,...

General Electric (GE) has announced the appointment of Nyimpini Mabunda as the Chief Executive Officer for Southern Africa. In this role, Nyimpini will lead GE's growth in the region and drive alignment across its Power, Healthcare, Aviation and Renewable Energy businesses. He will also drive GE's BBBEE roadmap and processes in South Africa. With a career spanning 23 years, Nyimpini...

The leading pan-African banking group, Ecobank, (www.Ecobank.com) has won the coveted prize of Africa's Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020. Euromoney recognises Ecobank's focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa. Carl Manlan, Chief Operating Officer of the Ecobank Foundation, said: "At Ecobank we...