Business Africa
UNCTAD latest World Investment Report
Despite efforts to attract foreign direct investment (FDI) by African countries, FDI flows into the continent continues to decline, and it is not surprising since it is the same globally.
According to United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report, from 2016 to 2017, global foreign direct investment (FDI) flows decreased by 23 per cent from $1.87 trillion to $1.43 trillion, caused primarily by a decrease in cross-border mergers and acquisitions (M&As) from 2016 to 2017.
Nigerian entrepreneur reaps big from hibiscus
A Nigerian entrepreneur has found a way to exploit the growing healthy lifestyle trend, by brewing and selling a traditional Nigerian drink known as Zobo.
The beverage is made from hibiscus leaves which are known to have various nutritional and health benefits. Taiwo Mogbonjubola who started the business in 2016 now manufactures six flavours of her Exotica Zobo drink.
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African heads of states meet in Nairobi for World Bank summit
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Nigeria seeking $2.25 billion in World Bank loans
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World Bank suspends funding for Tanzania tourism project
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Pics of the day: April 16, 2024
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Least developed countries getting poorer as gap with richer nations widens - Report
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Ghana: Finance ministry warns country stands to lose $3.8B over controversial anti-LGBTQ bill