Finance

Nigeria cuts registration fees for new businesses by 50 per cent

Investors in Nigeria with an equity investment of US$6,238 or below would have to pay US$62.38 to register their business. (Image source: Bryn Pinzgauer/Flickr)

Nigeria has slashed registration costs by 50 per cent for new businesses with an equity investment of US$3.11mn to encourage small companies and foreign investments to the country

Sub-Saharan Africa set to grow at 5.3 per cent in 2014, says World Bank

Public and private investment underpin the regions expected growth. (Image source: sxc.hu)

Sub-Saharan Africa’s economic growth may increase to 5.3 per cent next year, with steady private and public investment underpinning the region’s robust performance, according to a World Bank report

ADF’s partial risk guarantee for Lake Turkana project

The Lake Turkana Transmission Line Delay Partial Risk Guarantee will be used to alleviate the risk for the construction of a 428km publicly owned transmission line between Loyangalani and Suswa. (Image source: wfeiden/Flickr)

The first of the African Development Fund’s Partial Risk Guarantees (ADF PRG), the Lake Turkana Transmission Line Delay Partial Risk Guarantee, has been approved for US$27mn

Botswana named 'most prosperous country in Africa'

The Parliament of Botswana, the country that has been ranked as the most prosperous economy in Africa by the Legatum Institute. (Image source: Wikimedia commons)

Botswana has been ranked as the most prosperous economy in Africa for the second year in a row in the 2013 Legatum Institute Prosperity Index

Aspen Pharmacare to buy GSK’s drug brand for US$1.13 billion

Aspen Pharmacare will purchase the Arixtra and Fraxiparine blood clotting dug brands of GSK. (Image source: Maxwell Hamilton/Flickr)

South African generic drug maker Aspen Pharmacare will buy GlaxoSmithKline’s (GSK) blood-clotting thrombosis drug brands and its manufacturing factory for US$1.13bn