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The Reason Why Shoprite is “exiting” Nigeria

By Paul Fakayejo

August 4, 2020

Africa’s largest retail chain, Shoprite, announced on Monday that it is considering divesting from its Nigerian retail entity, Retail Supermarkets Nigeria, the owners of Shoprite Supermarket Nigeria. Shoprite Nigeria operates about 26 outlets across the country and employs…

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Access Bank acquires Zambian Cavmont Bank Ltd

Access Bank acquires Zambian Cavmont Bank Ltd

By Paul Fakayejo

August 7, 2020

Access Bank Zambia, a subsidiary of Nigeria’s Access Bank Plc, has reached a ‘definitive agreement’ with Cavmont Capital Holdings Zambia Plc (CCHZ) to acquire Cavmont Bank Ltd. The tier-1 bank announced this latest development regarding the merger talk…

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Global companies are buying Bitcoins to hedge against inflation

Global companies are buying Bitcoins to hedge against inflation

By Paul Fakayejo

August 14, 2020

The most valuable and widely used crypto-asset, Bitcoin, is now the most preferred asset to own among institutional investors. Gemini crypto exchange co-founder, Cameron Winklevoss, on his Twitter feed, wrote about the sudden rush by institutions trying to…

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