Posts Tagged ‘Nigeria’
Famous Brands has announced a deal to acquire a stake in Nigeria’s UAC Restaurants.
Baldwin Berges takes a closer look at Nigeria’s entrepreneurs who are the driving force behind this increasingly assertive nation.
Despite some political and economic instability, Nigeria offers a range of investment and growth opportunities.
Technological and political developments are forcing companies to adjust strategies for long-term growth.
“Africa has no automatic future. The continent will have a future that it shapes by itself.”
“It’s amazing how much potential there is in this market.”
“We want to industrialise agriculture and make it to be a major revenue earner for us,” says Nigeria’s farming minister Akinwunmi Adesina.
Lagos, Nigeria’s commercial hub, could soon have a US$45 billion economy.
Coupled with strong economic growth over the past decade, Nigeria’s huge population presents many business opportunities for companies.
Nigeria is changing rapidly. The size of the economy may expand 40-60% overnight, new online sales channels are booming, and the security situation is deteriorating.
“Successful entrepreneurs are not usually the smartest people, or even the most hardworking.”
How we made it in Africa talks to Louw Burger, a South African-born businessman running a cassava processing company in Nigeria.
Nigeria offers investment potential for companies looking to capitalise off the population’s increased consumer spending power.
American conglomerate General Electric says it will invest US$1 billion in Nigeria, promising to more than triple the country’s electrical output over the next 10 years.
A commercial cassava farming business in Nigeria requires crop financing as well as a five-year loan to purchase additional equipment and to upgrade infrastructure.