BusinessExecutives

Wed,22Nov2017

Executives

In 2 to 3 years gazillionaires will be coming out of Africa

Kola Karim Chief executive, Shoreline. Photo©KlearpicsWith the swagger of a new generation, Shoreline swept up former Shell assets in 2012 to join the vanguard of nigeria's indigenous upstream revolution. Kola Karim, Group Managing Director and Chief Executive Officer of Shoreline Energy International spoke to The Africa Report.

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Africa's first female billionaire's fine threads and oil

Folorunsho Alakija Executive vice-chairwoman, Famfa Oil. Photo©Diane Bondareff/AP/SIPAAfrica's first female billionaire, Folorunsho Alakija, started out as a secretary. She now owns a share of a major Nigerian oil field and is said to be contemplating a move into politics.

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New capacity to finance big-ticket projects -

Phillips Oduoza - Managing director, United Bank for Africa Group. Photo©UBAAfter the crisis in the Nigerian banking sector in 2008 and 2009, UBA's capital base has grown sufficiently to fund projects in areas such as electricity and oil and gas.

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New fund to focus on partnerships

Emile du Toit - Head of infrastructure investments, Harith General Partners. Photo©HArITH GeNerAl PArTNerSHarith plans to close a new fund with up to $700m before the end of the year to make investments in public-private infrastructure projects.

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Head of South Africa power utility Eskom to resign

The chief executive of South Africa's Eskom is to step down in March, departing the state-owned utility at a time when it is struggling to avoid blackouts that would hit industries and homeowners.

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Finance: Lamido Sanusi's legacy of reform at Nigeria's Central Bank

Lamido Sanusi GOVERNOR, CENTRAL BANK OF NIGERIA. Photo©Vincent Fournier for JA‪Lamido Sanusi's tenure as governor of the Central Bank of Nigeria was spent on reforms that saw a renewal of international confidence in the West African country's banking system. He talks to The Africa Report about the legacy he would like to leave behind.‬

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Another financial crisis? Think what would happen to Wall Street - Donald Kaberuka

Donald Kaberuka President, African Development Bank. Photo©Vinvent Fournier for JAThe debt limit talks and potential for default in Washington DC will not take the world to the brink of another financial crisis. Donald Kaberuka President, African Development Bank warns that a repeat of the 2008 crisis could lead to some countercyclical responses.

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