World's one and only Forbes Billionaire from Nepal eyes Middle East and East Africa growth with new hotels

World’s one and only Forbes Billionaire from Nepal eyes Middle East and East Africa growth with new hotels

19 June 2016 CG Hotels and Resorts, the hospitality division of Nepal’s only billionaire, Binod Chaudhary, has kickstarted the construction of its latest hotel, with the widely renowned brand Taj. The 200-key luxury hotel is being built in the happening Jumeirah Lake Towers, Dubai. CG Hotels and Resorts, in a partnership with Mr. Jayant Lal […]

East African Mining Sector Takes A Hit

East African Mining Sector Takes A Hit

East Africa’s extractives industry is expected to slow down as investors delay capital expenditure due to weak commodity prices. Mining companies in the region will cut back or delay investing as commodity prices are expected to remain low due to anticipated weak global demand and tightening of financial conditions. The Kenya Fluorspar Company suspended mining […]

Nigeria: Securities Commission set up Investors Protection Fund

The Securities and Exchange Commission (SEC), has leveraged further investors’ confidence and mitigation of losses on the nation’s bourse with the inauguration of a National Investors Protection Fund (NIPF). The quasi investors’ insurance scheme worth, N5 billion, would serve as a buffer for compensating investors for pecuniary losses, liquidation, insolvency, bankruptcy or negligence of non-broker/dealer […]

Zambia: Economic Development 2015

Zambia: Economic Development Summary for 2015

During the past decade Zambia’s economy has shown impressive growth averaging above 7% per annum. Growth was driven by investments in the mining sector with spillover effects into construction, transport, communications, wholesale and retail. Growth was furthermore facilitated by favorable copper prices, underpinned by demand from China, and increasing trade with neighboring countries. Economic turmoil […]