Louvre Hotels Group, a unit of Starwood Capital Group LLC, will open as many as 16 hotels in Africa this year, including its first in French-speaking sub- Saharan countries, as business travel fuels the lodging growth.
Groupe Azalai Hotels will invest as much as $165 million during the next four years to expand in West Africa to capture rising demand from business travel, Chief Executive Officer Mossadeck Bally said.
Presco Plc, a Nigerian palm-oil producer, jumped to its highest level on record because of prospects that it will maintain dividend payments and a plan to expand into rubber plantations lure investors.
Shehu Bello leaned on a staff as he stood guard over his two dozen head of cattle grazing outside Nigeria’s capital, Abuja, and spoke grimly about his two main adversaries: farmers and desertification.
Supporters of Benin opposition candidate Adrien Houngbedji protested the March 13 election victory of President Thomas Boni Yayi , as a coalition of unions expressed concern about growing anger in the West African nation.