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As Nigeria's economy continues to grow off the back of non-oil and gas resources and more money pours into the country, the demand for luxury is growing steadily and Africa's largest hospitality group is well placed to move into the country with deluxe African Pride Hotels.

Nigeria taking lead in African local debt

Nigeria looks set to overtake South Africa as the continent's biggest issuer of local government debt with a planned $650 million auction by one of its states in October, but sub-national bonds remain far off for much of Africa.

What’s driving Africa’s growth

The rate of return on foreign investment is higher in Africa than in any other developing region. Global executives and investors must pay heed

Africa: Resource rich, trade poor

Africa is on the brink of an era of unprecedented growth, but it is still hampered by “woeful” progress on trade reform and broken promises by the world’s wealthiest countries, an international commission has concluded.

Nigeria's universal banking model to end in October-cbank

Nigeria will stop issuing universal banking licences next month and enforce new minimum capital requirements for lenders in a bid to avoid a repeat of last year's near collapse of several banks.

Frontier Africa funds enjoy record inflows

African equity funds have attracted net new cash in 51 of the last year's 52 weeks, EPFR Global has said, underscoring the evolution of the continent's frontier markets as a serious investment play.

Africa enjoying private equity funds boom - OECD

Private equity funds in Africa are soaring, the Organisation for Economic Co-Operation and Development (OECD) said on Tuesday, describing the development as the "African investment story to watch". (Reuters)

Africa in 2008: Breaking Down the Growth

For four consecutive years, Africa has experienced record economic growth. Overall in 2007 the continent registered 5.7 per cent GDP growth and a per capita increase of 3.7 per cent. Indications are that growth will only accelerate in 2008 and remain buoyant in 2009. (OECD)

Poor could gain as commodities soar

Though painful for consumers, soaring oil prices - along with increasing grain and metal prices - are not universally bad news. (BBC)


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