ArticleBy Bimbola Segun-Amao It was indeed a constellation of Stars on 24th May, in Yenagoa at the 10th edition of AMAA, 2014. Actors, Celebrities and Movie lovers gathered from all over the continent to make the Africa Movies Academy Awards night a memorable one. Nominations came from French and Portuguese speaking countries and it was fun watching Africans unite for a beautiful cause. AMAA is said to be the most prestigious and glamorous entertainment industry event of its kind in Africa. The event for the first time attracted Corporate sponsors such as Sterling Bank, Glo Unlimited, FCMB and…
Author: Pride Team
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ArticleBy Alex C GlaxoSmithKline (GSK) has announced plans to invest over $200million in the African continent over the next five years, expanding manufacturing in Nigeria, Kenya, Rwanda, Ghana and Ethiopia. With the locations for these new facilities borne out of the region’s attractive long-term growth potential, the company also announced investment of £25 million to create a Research and Development (R&D) facility for non-communicable diseases such as diabetes, cancers, cardiovascular diseases- a first for the African continent. Sir Andrew Witty, chief executive officer, GSK said that the company’s intent to partner with governments of African countries is aimed at…
ArticleBy Alex C By end 2014, the number of Internet users globally will have reached almost 3 billion, according to latest reports by International Telecommunications Union (ITU). With two-thirds of the world’s Internet users from developing countries, including Nigeria, this corresponds to an Internet-user penetration of 40 percent globally, 78 percent in developed countries and 32 percent in developing countries. While more than 90 percent of individuals yet to use the Internet are from developing countries, in Africa, almost 20 percent of the population will be online by end 2014, up from 10 percent in 2010. In the Americas, close…
ArticleBy Alex C Africa’s share of global foreign direct investment (FDI) projects has reached the highest level in a decade, according to Executing Growth, Ernst & Young (EY’s) 2014 Africa Attractiveness Survey. The report combines an analysis of international investment into Africa since 2003, with a 2014 survey of over 500 global business leaders on their views on potentials of the African market. The latest data shows a significant divide between FDI trends in North Africa versus Sub Saharan Africa (SSA). While FDI projects in North Africa declined by nearly 30%, projects in SSA increased by 4.7%, reversing the…
ArticleBy Alex C Of the four MINT countries (Mexico, Indonesia, Nigeria, and Turkey), Nigeria is growing fastest with the highest fertility rate and the largest population of children age 15 years and younger. It is projected that Nigeria’s population could outstrip that of the other three MINT countries by 2050 and by then, become the fourth most-populous country in the world with a population of 402 million. While pharmaceutical market size is partly driven by population numbers, the major driver of market size is the Gross Domestic Product (GDP) of a country, as individuals and countries both have more…
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ArticleBy Alex C Natural resources-oil and gas specifically-have played a pivotal in the African growth story. As African countries continue to increase their production of oil and/or gas, revenues from higher prices and the investment that new discoveries are attracting have made a key contribution to growth and developmental initiatives. As of the end of 2013, proved African oil and natural gas reserves are estimated to be almost 228 billion barrels of oil-equivalent (boe), according to Ernst and Young (EY) latest report tagged “Oil and Gas: driving sustainable growth”. Total reserves were up sharply from the 2012 total of…
ArticleBy Alex C Old Mutual, an Anglo-South African financial group has posted a 24 percent rise in gross sales of its products ranging from investment funds to insurance in Africa. The company, a member of Britain’s FTSE 100 index, said that gross sales in the first quarters reached £6.2 billion, helping funds under management to expand 2 percent on a constant currency basis to £297.7 billion. In a statement, the company disclosed that it is well placed to benefit from recent changes in United Kingdom’s pensions which will remove the need for any retires to buy an annuity from…
By Ifeoluwani Crystal Adeolu Colors are important in determining and creating your style in our culture, in our ways of life. Colors also tell different stories and have a different effect on different people. It’s like telling a story and it is personal, a case of one man’s meat, another man’s poison- I might love it, you might hate it. In regions with diverse seasons, designers skillfully put together an array of pieces and colors that will work for that season. Therefore, it is important to assemble color seasonally; a lot of designers will focus on colors that will…