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President Goodluck Jonathan has directed that all the anti-Ebola measures taken after the entry of the virus into the country last July should remain in place, and that health officials should continue to actively screen persons entering the country for any sign of the virus.   The directive follows Monday’s declaration by the World Health Organization (WHO) that Nigeria is now officially Ebola-free after 42 days without any incidence of the virus.   Spokesman Reuben […]

power

Speaking at the Financial Times and the Emerging Markets Private Equity Association’s Private Equity in Africa Summit in London on Wednesday, many guest speakers were optimistic about investing in countries outside of the continent’s more developed markets such as South Africa.   Countries mentioned included Sierra Leone, the Democratic Republic of the Congo and Ethiopia, three of the world’s fastest-growing economies, according to the World Bank. All three countries are also among the world’s poorest, […]

tony elumelu

Tony O. Elumelu Founder of The Tony Elumelu Foundation and Chairman of Heirs Holdings has announced the launch of The Elumelu Nigeria Empowerment Fund. The Fund was launched by President Goodluck Ebele Jonathan of Nigeria, with the purpose of revitalizing the economies of post conflict and disaster communities across Nigeria.   The Elumelu Nigeria Empowerment Fund was created out of the N2.5 billion donated by The Tony Elumelu Foundation and Heirs Holdings companies. This donation was announced at […]

investor

Fundraising by Africa-focused private equity has rebounded after the global financial crisis, buoyed by support from the international development finance institutions. Now, the industry hopes to unlock billions of dollars held in African pension funds to dramatically increase the resources available for investment.   Some international investors have found private equity an effective way to gain exposure to Africa’s fast-growing economies without having to use the continent’s under-developed public markets, which often suffer from weak […]

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The security landscape is a complex one, and several layers of defence at multiple points in the organisation are needed to successfully combat today’s sophisticated threats. Unfortunately, for too many businesses, the idea of a ‘quick fix’ is tempting, and they learn the hard way that there is no such thing.   Many businesses are too quick to jump on the band wagon, and rush out to buy a firewall, IDS, application firewall or other […]

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Android developers based in Nigeria can now get paid when users from around the world download their applications on Google Play with the recent launch of Google Play payments in Nigeria. Google Play, formerly known as the Android Market, is a digital distribution platform operated by Google which serves as the official app store for the Android operating system. The app store allows users to browse and download applications developed with the Android SDK and […]

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The Nigerian Communications Commission (NCC) has slammed indigenous operators in the industry over ‘incompetence and culture of impunity’. Responding to the clamour for local content in the ICT sector during this year’s edition of the Association of telecommunications Companies of Nigeria (ATCON) Telecoms Executives and Regulator Forum at Eko Hotel & Suites, Victoria Island, Lagos, the Executive Vice Chairman/CEO of the NCC, Dr Eugene Juwah, lamented that the Commission had in the past awarded contracts […]

ENERGY

Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub Saharan Africa, according to the International Energy Agency’s (IEA) Africa Energy Outlook (http://www.worldenergyoutlook.org/africa), a Special Report in the 2014 World Energy Outlook series. More than 620 million people in the region (two-thirds of the population) live without electricity, and nearly 730 million people rely on dangerous, inefficient forms of cooking. The use of solid biomass (mainly fuelwood […]

IghoCharlesSanomi

Royal Dutch Shell has agreed to sell a lucrative Nigerian oil block (Oil Mining License  29) for more than $2.5 billion to a consortium led by oil trading firm, Taleveras Group. Taleveras Group is owned by 39 year old  Nigerian entrepreneur, Igho Sanomi. OML 29 is the largest of the southern Niger Delta assets that Shell put up for auction last year. According to the African Oil & Gas Report, “OML 29 is amongst the company’s most […]

walletec

Payments provider, Walletec has integrated with Bitcoin payments processor, BitPay to integrate bitcoin with its point of sale payment platform.   According to the company, by allowing customers pay at the point of sale using bitcoin, merchants will be able to increase their sales and save significantly on their credit card costs.   “Wallettec’s mission is to become a single interface point between the PoS or payment solution and any mobile/e-wallet solution,” founder of Wallettec, Johan Meyer, […]

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