UBA chairman preaches Africa to the world, says continent offers good investment opportunities
Businessam Staff
January 25, 2018
Tony Elumelu, group chairman, United Bank for Africa (UBA) and one of Africa’s top businessmen, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent on the continent. Speaking during Richard Quest’s programme on CNN aired on the sideline of the ongoing World Economic Forum in Davos, Switzerland […]
There’s hidden way for investors to score big on tax reform- Goldman Sachs
Businessam StaffDecember 25, 2017
Goldman Sachs says to look at downtrodden small-cap stocks for stock-picking opportunities in the aftermath of GOP tax reform. When the dust around the tax bill settles, the firm says there will be plenty of chances for active managers to identify single stocks with upside potential. If the biggest firms on Wall Street can agree […]
FirstRand challenges U.K. lenders with Aldermore buy
Businessam StaffNovember 6, 2017
Africa’s largest lender by market value plans to take on Britain’s biggest banks with the takeover of Aldermore Group Plc as growth in its home market stutters. FirstRand Ltd. said Monday it agreed to buy all of Aldermore after winning the backing of the U.K. lender’s board and its largest shareholder. The offer, which values […]
Alphabet talks with Lyft about possible investment, source reveals
Businessam StaffSeptember 15, 2017
Alphabet Inc. is in discussions with Lyft Inc. about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a person familiar with the talks said on Thursday. According to Reuters, an injection of support from one of Silicon Valley’s largest companies could be a boost to Lyft as […]
China, India best bets for green investors, Morgan Stanley says
Businessam StaffSeptember 15, 2017
Emerging markets including China and India could be the best bets for investors hoping to fight climate change and boost returns, according to a report Thursday. If the planet heats up by 5 degrees Celsius (9 degrees Fahrenheit), well above the 2-degree threshold set by the Paris Accord, investors may face $7 trillion in global […]
Net investments in Romanian economy, slightly down in H1
Businessam StaffSeptember 11, 2017
Net investments in the Romanian economy dropped by 0.2% in the first half of this year compared to the similar period in 2016, to over RON 29.7 billion (EUR 6.4 billion), according to the country’s National Statistics Institute (INS). Investments in new construction work rose by 2.2% year-on-year. Overall, the share of net investments in […]
Investment philosophy popularized by Warren Buffett may make a comeback
Businessam StaffAugust 18, 2017
An investment strategy made popular by Warren Buffett could be back in vogue soon, according to Strategas Research Partners. In a note to clients Thursday, Strategas pointed out that returns stemming from growth investment strategies have reached a point where they could start to underperform. This opens the door for value investment strategies, which have been popularized […]
Elliott, activist investor Singer’s firm, pulls $33bn weight in Europe
Businessam StaffAugust 16, 2017
From mining to chemicals to generic drugs, billionaire Paul Singer’s investment vehicle Elliott Management Corp. is making its $33 billion presence felt in Europe this week. On Wednesday, the activist investor said it boosted its holding in the London-traded shares of BHP Billiton Ltd. to 5 percent from 4.1 percent in April, adding pressure on […]
Dan Loeb’s Third Point filings show 1.6m BlackRock share stake, 4.5m in Alibaba
Businessam StaffAugust 13, 2017
Dan Loeb’s Third Point took a 1.6 million-share stake in BlackRock Inc and reinitiated a stake in Alibaba Group Holding of 4.5 million shares during the second quarter ended June 30, according to regulatory filings late on Friday. In its letter last month to investors, Third Point called BlackRock an “asset-gathering machine,” with organic net […]