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Emerging Markets Business News
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Friday, 11 March 2011 02:48 |
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Lagos (Nigeria) - The US government has said it is committed to deepening trade and economic relations with Nigeria. The Assistant Secretary for International Trade and Director-General, US and Foreign Commercial Services, Mr. Suresh Kumar, said on Thursday in Abuja, when his delegation called on the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Austen Oniwon.
He said that the US administration had always considered Nigeria as an ally and one its most important partners in Africa. Kumar, who is leading a delegation on trade promotion, said that Washington appreciated Nigeria’s aspirations to move forward, describing this as a necessity to bring in ``predictability’’ in terms of commerce and industry between both countries, and particularly highlighted transparency and a level playing field to this end.
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Emerging Markets Business News
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Wednesday, 09 March 2011 09:02 |
Pretoria - South African business women currently hold 27 percent of senior management positions, beating the global average of 20 percent, the Grant Thornton International Business Report (IBR) has revealed.
"The fact that South Africa outperforms the global average can be attributed to the emphasis placed by government on gender equality and employment equity. However, while the South African government holds an impressive record with many women in senior positions, the private sector business community still has a long way to go, particularly in the roles that women play," said partner and head of corporate finance at Grant Thornton, Jeanette Hern.
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Emerging Markets Business News
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Monday, 07 March 2011 17:06 |
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LONDON -- Global IPO market activity is off to a record start in the first two months of 2011 with US$25.3 billion raised in 193 deals. Global investors seeking to capitalize on the emerging markets growth story have been fuelling stock market rallies and new listings world-wide. A number of key factors have driven this level of IPO activity, including state privatizations, multinational spin-offs, and companies in the natural resources (including oil and gas), industrial/infrastructure and technology sectors.
This is according to Ernst & Young's Global IPO trends report 2011. The report highlights the market outlook for IPO markets in 2011 and analyzes the key trends of 2010.
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Emerging Markets Business News
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Saturday, 05 March 2011 08:06 |
The Nigerian Labour and Productivity minister Chukwuemeka Wogu said the government will spend US$50 billion in five years on the energy sector, APA learns on Thursday at the ongoing 32nd Kaduna International Trade Fair.
The government is committed to repositioning the energy sector to make it more attractive to prospective investors, Wogu said, noting that the government “made provisions for comprehensive fiscal and financial incentives to support the development of renewable energy systems to attract and encourage private sector participation.”
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Emerging Markets Business News
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Friday, 04 March 2011 07:58 |
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WASHINGTON – With Africa facing an unprecedented opportunity to transform itself and improve the lives of its people, the World Bank is responding with a new, ambitious strategy which could help African economies take off, the way the economies of Asia did 30 years ago.
The new approach, endorsed by the Bank’s Board of Executive Directors today, marks a significant shift in the way the organization views Africa and its own role as a supporter of the continent’s progress.
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Emerging Markets News
