African Business News

India-Africa business conclave starts

With booming two-way trade, investment deals worth billions of dollars are likely to be discussed at the three-day India-Africa project partnership conclave that starts in India, organisers said.

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FG Generates N9.953tn Revenue in 11 Months

The total federally collected revenue between January and November 2012 increased by 12 per cent to N9.953 trillion, compared to the N8.759 trillion estimated for the period, the Central Bank of Nigeria (CBN) has said.

This, however, reflected a decline by 2.5 per cent over the level in the corresponding period of 2011.

The CBN disclosed this in its monthly economic report for November 2012, posted on its website Tuesday.

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Hinduja Group eyes Africa for business expansion

Hinduja group is planning to significantly expand presence in Africa in areas ranging from transport, infrastructure and coal, and would look to partner governments of various African countries for its new businesses in the region.

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SAIPA strengthens African Business with Nigerian agreement

The South African Institute of Professional Accountants have  signed a Memorandum of Understanding with its Nigerian counterpart, the Council for the Association of National Accountants of Nigeria (ANAN). In terms of the memorandum, the two bodies agree to work together to promote the interests of members and the accountancy profession in general.

At a practical level, the memorandum lays down the basis on which members of one organisation can become members of the other, thus giving the South African Professional Accountant (SA) the opportunity to practice in Nigeria, and vice versa.

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