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Posts Tagged ‘Nigeria’
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June 3, 2019

#AfricaMonth: Why Africa is primed for prestige beauty growth

As the senior vice president of local and cultural innovation at Estée Lauder Companies, it’s Susan Akkad’s job to increase the relevancy of the beauty group’s brands across global and emerging markets. Overseeing multi-ethnic innovation for brands including La Mer, Clinique, Mac and Estée Lauder, she’s no stranger to the concept of (and responsibility of) ‘inclusive beauty’.

“We have a long-standing and deep commitment to inclusive beauty across ages, regions and cultures because our aspiration really is to be part of every consumer’s beauty dream,” Akkad said during her presentation at the Condé Nast International Luxury Conference [...]

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May 20, 2019

MTN Nigeria debuts with $6.5b listing in Nigeria Stock Exchange

MTN Nigeria, owned by South Africa’s MTN Group, on Thursday listed in Nigerian Stock Exchange (NSE) in a N2 trillion ($6.54 billion) flotation.

The listing turns the telecoms company into the exchange’s second-largest stock by market value. MTN Nigeria’s shares climbed 10 percent from their listing price of 90 naira after the float went live.

“The telecoms space accounts for a little over 9 percent of GDP so bringing in the big companies in that space is very critical for us and MTN being the largest and the market leader, this is a major listing for us,” said CEO, Nigeria Stock Exchange, Oscar Onyema.

The listing is aimed at helping to settle rows with Nigerian [...]

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October 22, 2018

SA REMAINS AFRICA’S TOP PICK FOR FOREIGN INVESTORS

SA is still the most attractive financial market for international investors in Africa, according to the Absa Africa financial markets index.

The country remained in the top position for the second year running with a score of 93 out of 100, supported by strong financial market infrastructure and a robust legal framework.

Despite this, the report warns that SA’s macroeconomic performance deteriorated in the past year as it plunged into recession for the first time since the global financial crisis, exposing SA to “rising financial risks”.

This could result in the country being challenged for the top spot by the likes of Kenya, Nigeria and [...]

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July 23, 2018

MOBILE USERS : AFRICA VS ASIA

Asia and Africa are seen as the two fastest growing mobile markets, but it has been highlighted that neither of them have historically been big app users. Most of the traffic seen on mobile devices in both regions is still spent on web pages, unlike for example in the US where more than 80 percent of mobile traffic is accounted for by apps. This may be quite surprising to some as Asia is home to the two largest mobile markets worldwide in China and India.

Phone ownership is continuing to increase though in Africa, in particular in some countries such as Nigeria and South Africa, which is now on a par with the USA, however mobile penetration rates across Central Africa remains [...]

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