Mr Ekwere

2005 DIAGEO AFRICA BUSINESS REPORTING AWARDS Best Published Features Isaac Umunna, Africa Today Nigeria and South Africa: a partnership of giants Mutually beneficial trade relations in the midst of Africas two leading economies, South Africa and Nigeria, grow phenomenally, as the private sector moves to take blanket(a) advantage of the bulky investment opportunities existing in both countries. Its a win-win situation for the two nations and for the continent, reports Africa Todays General editor in chief Isaac Umunna These days an increasing number of Nigerians eat South African food, listen to South African radio, watch South African TV, fly South African Airways and, of course, stay in hand with loved ones through the Nigerian subsidiary of South Africas telecom giant, MTN. By far the largest GSM operator in Nigeria, MTN accounts for close to half of the six million GSM subscribers in the country, leaving the respite for the other three operators, Globacom, Vmobile and M-Tel. To say that MTN has struck gold in Nigeria is an understatement. For the beginning(a) three years of its operations in the country, the come with has consistently posted mind-boggling returns. It earned N71 billion ( near $568 million) in its first full trading year running from April 1, 2002 to bound 31, 2003, with a bring in after tax of N11.

2 billion or $89.7 million. The performance has already been dwarfed by the balance sheet for the first half of the current trading year, which showed a net profit of N25 billion (about $185 million) for the period. MTN is only one of the several South African firms presently having a field day in Nigeria. other prominent example is Multichoice, which controls roughly 90 percent of the argumentation TV business in the country. As for Critical fork out International, an emergency healthcare operator, it has no competition to contend with for outright in its area of business. Other South African companies qualification a fortune in Nigeria include Chevron/Sasol, which controls about 20 percent of... If you want to get a full essay, order it on our website: Ordercustompaper.com

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