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GlaxoSmithKline to Invest $1Billion In Nigerian, Indian Businesses

AFRICANGLOBE - Britian’s largest drugmaker, GlaxoSmithKline Plc (GSK) has disclosed plans to invest $1 billion in its Nigerian and Indian units, in a bid...

African Apps Take on Mobile Gaming Industry

Move over Japan. Move over Silicon Valley. Africans are making a bid to turn the continent into the new home of mobile gaming. With more...

Africa’s Missing Mineral Wealth

AFRICANGLOBE - So let's assume for one moment that you are an international corporate executive responsible for your company's emerging market strategy. You are hearing a lot more about Africa of late, and feel strongly that your organisation needs a well-researched and informed strategy on a continent that has for so long evaded your radar.

Analysts – Economic Woes to Boost Gold Prices

Gold prices could rise to as high as $2,500 an ounce in the next five years and retain its safe harbour status for as...

Kenya Joins Uganda in Arms Shopping Spree

Kenya's use in Somalia of attack helicopters from China, fighter jets from Jordan and armoured vehicles from Israel is evidence that the country has been upgrading its military capabilities in response to new threats. The latest report by the Stockholm International Peace Research Institute (Sipri), analysing arms deals by African countries said that Operation Linda Nchi illustrates "the importance of arms imports for facilitating military responses to threats to security."

Airtel Halves Its Expatriate Staff in Favour of Kenyan Talent

Airtel Kenya managing director Rene Meza said the recent high level appointment of Kenyans "demonstrates the company's belief in Kenya, its people and the opportunity it offers for multinational business partnerships."

Investors Swoop on Tourist Company's Shares in Nigeria

Investors of the Nigerian Stock Exchange (NSE) on Thursday swooped on the shares of Tourist Company Nigeria when a total of 160 million shares; valued at N761.040 million were traded in one deal.

Fund Boosts Black Entrepreneurs

South Africa's National Empowerment Fund (NEF), the government agency set up to provide capital for black economic empowerment transactions, has contributed almost R700-million toward economic transformation

Nigeria's Post-Election Rally – Investors Recover N164 Billion Value On Investment...

The NSE-30 Index which measures the performance of blue chips in the market appreciated by 17.71 points or 1.56 per cent to close at 1,148.77. All of the four sectorial indices appreciated during the week