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EFG Hermes to enter Nigeria via acquisition of Primera Africa

EFG Hermes, a financial services corporation in frontier and emerging markets (FEM), has entered into a definitive sale and purchase agreement (SPA) to acquire 100% of Primera Africa, a top-ranked brokerage house in Nigeria, according to a press statement on Thursday.   The statement said that EFG Hermes will utilise its presence in Nigeria to serve …

Daily News Egypt

Ramadan in Nigeria

About half of Nigeria’s population is Muslim. Ramadan is the ninth month of the Islamic calendar and is officially observed in Nigeria when the Ramadan crescent is sighted by the Nigerians themselves, as they do not start the fasting according to any other country’s observation. Once the moon-sighting is confirmed, a spirit of joy spreads …

Daily News Egypt

Egypt eighth amongst 10 highest smartphone sales in developing markets

By Mohamed Alaa El-Din A recent report issued by GFK Institution ranked Egypt as having one of the highest  smartphone sales in developing markets in 2015. According to the report, Egypt occupied eighth place in the list of countries that included India, Pakistan, Nigeria, Brazil, China and Indonesia. The report said Egypt’s sales of smartphones …

Daily News Egypt