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Meet Nigerian Billionaire, Abdulsamad Rabiu

AFRICANGLOBE - Abdulsamad Rabiu was born into affluence. His father, Isyaku Rabiu, was one of the richest and most influential businessmen in Nigeria in the 1970s and 80s.

Chinese Firm to Build 10,000 Housing Units in Nigeria

The Shangai Green Building System Company Limited, China has signed a Memorandum of Understanding (MOU) with Air and Marine Services Limited, promoters of Kidney Island Energy Free Trade Zone project in Port Harcourt, Nigeria.

The Ties That Bind: China, Angola and Zimbabwe

What does Manuel Vicente’s rise to top office in Angola mean for Zimbabwe, and what role does China play in all of this? Vicente is believed to be pegged at vice president by José Eduardo dos Santos – one of Africa’s longest running dictators, bound to win the next Angolan elections in 2012.

Firm to Invest U.S.$215 Million in Oil Block in Nigeria

Houston-based energy group, Blacksands Pacific Group has said it would invest $215 million in the first phase of development of the Oil Prospecting Lease (OPL) 2012, located offshore Niger Delta.

Nigeria and European Consortium Signs Billion Dollar Investment MOU

Nigeria's Federal Government has signed a Memorandum of Understanding with a consortium of Swiss and European investors for the investment of N240bn ($1.6bn) in the power, petroleum and housing sectors of the Nigerian economy.

White Owned Firm Allegedly Firing Black Zimbabweans

Zimbabwe Stock Exchange-listed hospitality and retail company, Meikles Africa Limited is allegedly using racist tactics to fire top black management workers in a move that has raised questions among stakeholders about the group’s commitment to the country’s laws and policies.