Telling Stories About African Real Estate & Infrastructure

Is Nigeria Doing The Right Thing Opting Out of The Africa Free Trade Agreement?

On Wednesday, March 21, 2018 Forty-Four African leaders signed what is being called the largest free trade agreement (FTA) since the creation of the World Trade Organization. The deal creates a continental market of 1.2 billion people, with a combined gross domestic product of more than $3.4 trillion. A major goal of the Africa Continental Free Trade Agreement (AfCFTA) is to boost intra-African trade and rely less on the volatility of commodity prices that affect many exports. Despite the lofty ...

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Get A Task Done In 8 Minutes Vs 10 Hours. Which Would You Choose?

“Obvious solutions always get overlooked. Simple problems get over-analyzed, and the simple solution gets ignored. Look out for the solutions that are right in front of you, and do not create mountains out of mole hills”. In this article, I share a recent problem I experienced at work. For those that struggle with numbers, you can ignore the numbers and just follow the story. The Problem Earlier today, I was trying to obtain data on trade between Nigeria and China. ...

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Nigeria-China Trade Hit $13.78 Billion in 2017

China has said its relationship with Nigeria is fruitful and flourishing. The Consul-General of the People’s Republic of China in Lagos, Mr Chao Xiaoliang, announced that bilateral trade between China and Nigeria in 2017 amounted to about N4.97 trillion (US$13.78 billion). “Let me announce that the bilateral trade between our two countries in 2017 reached 13.78 billion dollars. The year 2017 also witnessed a fruitful year of Chinese and Nigerian friendships”, he said. Chao made the announcement at the celebration of ...

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Nigeria & China Hold Negotiations On $4.92 Billion 3050MW Power Plant

16 November, 2017: Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola, announced on Wednesday that the Federal Government had commenced negotiations for a $4.92bn loan from the China Exim Bank for the construction of the 3,050 megawatts Mambilla Hydro Power Plant. Speaking at a workshop on the Power Sector Recovery Programme in Abuja, the minister stated that the Federal Ministry of Finance had taken over the process that would ensure the release of the fund to Nigeria. Last Friday, ...

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Mastercard To Partner With Nigerian Business Leaders To Transform Nigeria’s Cities Into Strong Economic Hubs

With half of Nigeria’s population currently living in cities, it is critical that a development framework is in place to ensure future growth is sustainable. This was a key message highlighted at the Mastercard CEO Conversations dinner held on 15th November 2017, where dialogue focused on: ‘Developing Nigeria’s Smart Cities through Technology Transformation’. Leaders in businesses attended and joined the discussion with Mastercard President and CEO, Ajay Banga, who is visiting Nigeria this week. Bismarck Rewane, renowned economist, hosted the ...

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Nigeria’s Online Real Estate Startup ToLet Acquires Jumia House

Nigeria’s online property classifieds portal, today announced it has acquired Jumia House Nigeria. The acquisition was achieved in conjunction with existing investors Frontier Digital Ventures. The deal is for an undisclosed sum. said it will now merge the two platforms over the coming months, under the new name of, creating Nigeria’s Number 1 property listings market leader in the online Property classifieds space, with 65% share of the Nigerian online real estate market. said it currently has around 60,000 listings on its platform, ...

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Understanding The Transformation Of China’s Infrastructures

Adetunji (Teejay) Bolorunduro | Afriscaper   As a result of the financial crisis in the year 2008, several governments responded by increasing spending on infrastructures. The Chinese communist party central committee made the decision on promoting economic growth by expanding domestic demand by speeding up the construction of infrastructure for communications and transportation and projects to improve the livelihood of people. Out of 4 trillion yuan set aside for investment program, about 1.5 trillion yuan was spent on the construction ...

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Solar Energy Business In Africa & Pricing Strategies

Adetunji Bolorunduro | Afriscaper     Africa is often referred as the “Sun continent” or the continent where the Sun’s influence is the greatest and known  to receive more hours of sunshine than any other continent on earth (325 days of sunlight annually), yet two-thirds of the about 1.2 billion people still have no access to electricity (About 71 million people in Tanzania and Kenya, 50 million people in Nigeria without access to power). In several countries, less 20 percent ...

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Why NADDC Boss Jelani Aliyu Should Focus on Industrial Parks For Tractors Not Cars

Recently, the Director-General of NADDC, Jelani Aliyu, MFR, led a delegation to South Africa where he held discussions with a coalition of major automotive manufacturers including BMW, Nissan, Ford, Volkswagen, Toyota and BAW. The NADDC DG had also previously visited Innoson Motors, a local car manufacturer in Nnewi, Nigeria and inked a deal to support the establishment of an Automotive Industrial Park. These discussions and tours by the NADDC DG are to encourage these multi-national companies to come into Nigeria ...

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