Despite the turmoil brought on by the COVID-19 pandemic, family-owned enterprises have managed to stay resilient. The world’s largest 500 family businesses generated US$7.28t in revenues, employing 24.1m people across 45 jurisdictions. These and other findings were published today in the 2021 EY and University of St. Gallen Family Business Index which reveals how the largest family-owned businesses have responded to the recent turbulence in the global economy. Continue reading
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes. This fund was raised from Vami Nigeria, One Capital LLC and AFEX. Nigerian-based Vami led the funding round with $11.5 million in equity, while the other investors provided working capital financing for the company. Ernst & Young (Nigeria) served as transaction advisers while Elisio Law Office and Pavestone Legal served as legal advisers. Continue reading
Andersen Corporation has been named a Forbes Best Employer for Diversity 2021. The honorees were chosen based on an independent survey by Statista Inc. – respondents were asked questions regarding the topics of age, gender equality, ethnicity, disability, LGBTQA+ and general diversity concerning their employer. Continue reading
Oulimata Sarr is a private sector development specialist with over 24 years working experience in Africa. Continue reading
Toshiba posts net loss and revamps board as it seeks to put scandal behind it.