African Perspective

African Perspective

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African Perspective episodes

  • Nigerian Stock Market Crosses 40,000 Points As The World's 3rd Best Performing Stock Market in 2017
    In 2017, The Nigerian Stock Exchange emerged as the world's 3rd best-performing stock market following the 43% year-to-date return recorded by the All Share Index during the year.

    The Stock Exchange on the 9th January 2018 maintained its impressive performance as the All Share Index rose above the 40,000 mark for the first time in three years, Specifically, the Index rose to 40,362.97 points yesterday from 39,849.65 points on Monday, the highest since October 2014. Market capitalization which opened at N14.181 trillion inched by N182 billion to close at N14.363 trillion.
    The volume of shares transacted rose by 27.52%, with 770.89 million shares valued at N7.89 billion traded in 7,395 deals as against the 604.53 million shares worth N16.17 billion exchanged in 5,769 deals previously.

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    8 min
  • Nigerian Port Recorded 160% Increase in Agric Exports in 2017
    The Federal Government says it has generated over N3 trillion since the commencement of Treasury Single Account (TSA) policy. Source THE SUN

    The solid minerals sector contributed N3.5bn to the Federation Account between January and November 2017, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Source Punch

    The federal government said the Tin Can Island at Apapa Port in Lagos declared 160% increase in agricultural exports last year. Source Thisday

    The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said yesterday that agriculture sector created six million jobs in the last two years. Source Leadership

    Obaseki Signs MoU With China Harbour For Devt Of Gelegele Seaport - Memorandum of Understanding (MoU) with China Harbour Engineering Company Limited (CHEC), for the development of the Gelegele Seaport and other transport infrastructure in the state. Source Leadership

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    2 min
  • Tunisian Annual Inflation Rose to 3 Years High in December 2017
    Tunisia’s annual inflation rate rose to 6.4 percent in December, it’s the highest rate since July 2014, from 6.3 percent in November, official data showed on Monday. Source Reuters Read More

    Angola will hold a foreign exchange auction on Tuesday, the first since the central bank announced it would shift from a currency peg to a trading band, two banking sources said on Monday. Source Reuters

    South Africa’s net foreign reserves rose to $42.927 billion in December from $42.689 billion in November, the Reserve Bank said on Monday. Source Reuters

    Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the central bank said, amid a partial recovery in oil output despite continued political and economic turmoil. Source Reuters

    China’s Richest Woman Made $2 Billion in Just Four Days - A share surge at Country Garden Holdings Co., China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $2.1 billion -- and that’s just in the first four trading days of the year. Source Bloomberg

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    2 min
  • Nigerian Equity Market Set Off 2018 On a Laudable Note
    Nigerian Equities market closed on monday on a positive note, as NSEASI appreciated by +2.38% to close at 39,849.65 basis points as against +0.64% appreciation recorded previously.

    The Bond market traded on a relatively quiet note, with slight sell at the close of market offsetting some initial buy interests on the long end of the curve. Average bond yields consequently inched up by 3bps to 13.57%.

    Stanbic IBTC Stockbrokers Limited led the top 10 stockbrokers on the Nigerian bourse for the year ended December 29, 2017.

    The appointments of Mr. Balogun and James Ilori to the Board of Legacy Pension Managers (“Legacy Pensions”) come in the wake of the acquisition by FCMB Group of 60 percent of the company, raising its interest to 88%.

    The Nigerian equity market set off the New Year on a laudable note as most indicators across board closed in the green during the period under review.

    In line with post-listing requirements of the Nigerian Stock Exchange for quoted companies, Zenith Bank Plc hereby informs you of the scheduled commencement of the closed period for trading in the bank's shares on January 8, 2018, in respect of the Audited Accounts and Financial Statements for the financial year ended December 31, 2017.

    The Federal Government of Nigeria Savings Bond offer for January opens today the 8th of January 2018 and will remain open for five days until the 12th of January 2018.

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    3 min
  • Office chow good for business - OrderIn
    Food subsidies at work should not be “added benefits”. In fact they may be a way to attract and retain staff (especially Millennials).
    That's according to 60% of Fortune 500 companies, including the likes of Facebook, Google, Microsoft, Deloitte and Goldman Sachs, who offer some form of food benefit to staff.
    The cost to company however is high - but technology and the rise of food delivery apps in SA combined with favourable tax laws provide an answer.
    OrderIn, local food delivery app has worked with SARS to incorporate tax-deductible meals into its app offering a virtual canteen of cuisines to businesses.
    Companies can register and offer employees an 18% to 45% tax break on all food ordered with OrderIn during office hours. There are only a handful of countries in the world that have such favourable tax laws.

    Want to attract and retain millennials? Food subsidies are not “added benefits”, they’re a business imperative. That's according to 60% of Fortune 500 companies, including the likes of Facebook, Google, Microsoft, Deloitte and Goldman Sachs, who offer some form of food benefit to staff. The cost to company however is high, or at least it used to be, until OrderIn, a food delivery app, which offers a virtual canteen of cuisines and an instant tax back benefit to employees.

    “We want to change the way people order in by using technology to create more value for all our customers – from the time conscious corporate to the cash-strapped consumer,” says OrderIn founder and CEO, Dinesh Patel.

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    33 min
  • The Landscape of Angel Investing in Africa – Perspectives From Investors
    In Conversation with Tomi Davies, ABAN + Lagos Angel Network, Parminder Vir is the Chief Executive Officer of the Tony Elumelu Foundation (TEF) and Ryan, Angel Investor.

    We are in conversation with Benjamin Meltze, Natalie mend, Abubakr Abdullah, Joan Mneney.
    Africa’s early stage investor community came together from 15th to 16th Nov. 2017, for the 4th annual African Early Stage Investor Summit – #AAIS2017. This exclusive investor-only event, hosted at Workshop17 in Cape Town, South Africa, unites key stakeholders in the ecosystem from across the continent to exchange best practices, share lessons learned and plot the roadmap for the future.

    This theme ‘START-SCALE-EXIT’ F(o)unding Great Startup Teams Poised For Global Success’ focuses on the role investors play in working with startup teams to scale internationally and ultimately exit. Topics key to this year’s event will for example be:

    expanding from Africa to the world;
    building international syndicates;
    taking startup teams from idea to exit;
    angels exiting to VC’s.

    The World bank Digital Accelerator, XL Africa, Showcase 5 out of 20 entrepreneurs.

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    42 min
  • The Landscape of Angel Investing in Africa - Perspectives From Entrepreneurs
    Africa’s early stage investor community came together from 15th to 16th Nov. 2017, for the 4th annual African Early Stage Investor Summit – #AAIS2017. This exclusive investor-only event, hosted at Workshop17 in Cape Town, South Africa, unites key stakeholders in the ecosystem from across the continent to exchange best practices, share lessons learned and plot the roadmap for the future.

    This theme ‘START-SCALE-EXIT' F(o)unding Great Startup Teams Poised For Global Success’ focuses on the role investors play in working with startup teams to scale internationally and ultimately exit. Topics key to this year’s event will for example be:

    expanding from Africa to the world;
    building international syndicates;
    taking startup teams from idea to exit;
    angels exiting to VC’s.

    The World bank Digital Accelerator, XL Africa, Showcase 5 out of 20 entrepreneurs.

    We are in conversation with Benjamin Meltze, Natalie mend, Abubakr Abdullah, Joan Mneney.

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    27 min

About African Perspective

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News Insights and analysis of the Africa Business Landscape across the 55 African Union member States, we cover from an emerging startup to macroeconomic stories. Support this podcast: