IBM Bullish on Africa

Yesterday, CNBC's David Faber sat down with IBM Chairman & CEO Virginia Rometty to ask, in part, about the company's strategy for growth in the coming years. One key strategic focus that Rometty unmistakenly emphasized is the company's firm belief in the economic future of the continent of Africa and IBM's determination to participate in Africa's long-term growth. Said Rometty, "This decade approaching us is going to be the time that you're going to see Africa as the next frontier...boy, I am bullish on the long term. And today, we sit in almost 24 -- not almost -- we sit in 24 countries. Started in four, went to eight, and all the way up to 24 countires. We are across Africa today."
Click on the above video to hear IBM Chairman and CEO Rometty's comments on IBM's future in Africa (beginning at the 1:41 minute mark, ending at 2:24).

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820

  

Heineken’s Q1 Revenue Exceeds Analysts’ Estimates on Nigeria

BusinessDay Online recently reported that after a drop in profit last year, Heineken is anticipating stronger sales in 2014 as some economies start to improve. Sales in Africa and the Middle East improved as Heineken sold more affordable beer and volume increased in Nigeria, the second-biggest beer market in sub-Saharan Africa. “It is particularly pleasing to note that two of the group’s growth engines, Africa and America, are kicking back into gear,” Jonathan Fyfe, an analyst at Mirabaud, wrote.
You can check out the report in detail at Heineken’s Q1 Revenue Exceeds Analysts’ Estimates on Nigeria.

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820