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“Altruism and self-interest” drive Nigeria investment – Facebook’s Nick Clegg
US social media giant Facebook has said that “altruism and self-interest” are driving its investment in Nigeria’s tech sector and ICT infrastructure. It is in Facebook's interest to improve regional infrastructure to help it thrive beyond its borders, vice-president of global affairs and communications Nick Clegg said on Monday. "Those apps and services are redundant if there isn’t the infrastr
Shoshana Kedem • SepSeptember 21^st, 2020
‘Collateral is not the key to positive repayment behaviour,’ says CEO of 4G Capital
According to the International Finance Corporation (IFC), over half of Africa’s Micro, Small and Medium Enterprise (MSME’s) lack the finance necessary to grow. Wayne Hennessy-Barrett, CEO and Founder of 4G Capital, tells African Business how his micro-credit fintech firm has been able to provide innovative finance for entrepreneurs on the continent. Since setting up in 2013 you’ve been able to ex
OctOctober 5^th, 2018

Banks accelerate digitisation in wake of Covid-19
Even before the Covid-19 pandemic hit, African banks desired to digitise as much of their operations and services as possible. “African banks’ focus on digitisation started well before the pandemic, reflecting its need to deepen financial inclusion and reach the unbanked,” Constantinos Kypreos, senior vice president and banking analyst at Moody’s tells African Banker.In a business environment
Raji Rafiq • NovNovember 10^th, 2020
Broadband is as important as building roads, says Ecobank Chairman Alain Nkontchou
The Cameroonian Alain Nkontchou was appointed to succeed Nigeria’s Emmanuel Ikazoboh (who had completed his six-year tenure) as Chairman of Ecobank Transnational Inc (ETI) in June. Nkontchou is the Managing Partner and co-founder of Enko Capital Management LLP, an asset management company, based in London, Johannesburg, Abidjan and Mauritius, which focuses on African investment opportunities. He
Anver Versi • OctOctober 12^th, 2020

UK investor Gridworks eyes African utilities overhaul
In too many countries, transmission and distribution remain the responsibility of badly managed state utilities. Gridworks CEO Simon Hodson explains to David Thomas how his organisation plans to invest to make the sector commercially sustainable In the barren, rocky wasteland at the southern edge of Kenya’s remote Lake Turkana sit the whirring turbines of East Africa’s largest windfarm. Some 600
AprApril 18^th, 2020
Opinion: Exxon Mobil’s investment in Mozambique gas project could solve Africa’s energy problems
Opinion: Exxon Mobil has taken another step toward the creation of Africa’s largest liquefied natural gas facility — a project so sweeping that it will have implications for both the continent’s and the world’s energy landscape, writes NJ Ayuk. This week the company announced the formation of a consortium of contractors so it can begin some of the work even before it makes a final decision on goi
OctOctober 10^th, 2019