Business News

Etisalat hires Standard Bank for Nigeria tower sale – sources

Etisalat, the Gulf’s top telecom operator, has hired Standard Bank as an advisor for the planned sale of transmitter towers by its Nigerian affiliate, three banking sources aware of the matter said. Etisalat Nigeria is considering a sale of its towers in a deal that could raise about $400 million, […]

Dangote’s $400m Zambian cement factory ready in February

Dangote Group is set to complete the process of establishing a cement factory estimated at $400m in Zambia. The Nigerian High Commissioner in Zambia, Mrs. Sifawu Momoh, who gave the indication, said the cement factory would be ready in February. She said the establishment of the factory was part of […]

Shares and dollar rise on more signs of economic recovery

Global equities and the dollar rose on Wednesday, as solid German economic data pointed to a pick-up in world trade and kept European shares near five-and-a-half year highs. News on Tuesday that the U.S. trade deficit hit a four-year low also bolstered optimism over the global economy and lifted the […]