Via African Business, an article on Dangote’s new Nigerian fertilizer plant: What better time to launch a fertiliser plant than when global prices are at their record highs? That’s exactly what Aliko Dangote, Africa’s richest man, did. On March 22, Dangote’s $2.5bn fertiliser plant in Nigeria’s economic capital, Lagos, started production. The 3-million tons a […]
Read more »Via Foreign Policy, an article on Africa’s potential to provide gas to Germany: With the United States and United Kingdom banning Russian energy exports and the European Union announcing it will reduce Russian gas imports by two-thirds by the end of the year, the West is urgently debating how to replace Russian energy deliveries. The […]
Read more »Via How We Made It In Africa, a report on Lagos’ economic power: Lagos, Nigeria’s commercial hub, could soon have a US$45 billion economy – equivalent to that of Ghana, according to a recent report produced by Renaissance Capital economist Yvonne Mhango. Mhango says that the size of Lagos State’s economy is currently about US$32 […]
Read more »Courtesy of The Financial Times, a look at Nigeria: With painful irony, oil-rich Nigeria is unable to supply its own population with electricity. The country ranked 178th of 185 economies on access to electricity for new businesses in the World Bank’s latest “Doing Business” publication. Infrastructure is, not surprisingly, a key to the country’s future […]
Read more »Courtesy of The Financial Times, an interesting article on Nigeria’s growing middle class and the likely impact it will have on economic growth in that country: Nigeria may be a country plagued by corruption, violence and pockets of deep poverty but it’s also home to the largest middle class in Africa. And that middle class, […]
Read more »Courtesy of Africa-Asia Confidential, a detailed look at China’s and India’s strategic business initiatives in Africa. As the article notes, China’s state companies have been advancing several billion-dollar petroleum and bank deals while India’s plans may be on hold: “…The Lagos State government, the Nigerian National Petroleum Corporation and the China State Construction Engineering Corporation […]
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