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Last updated on April 20, 2014 at 17:20 EDT

Latest Kola Aluko Stories

2013-09-25 08:24:43

With The Help And Presence Of Supporters Jamie Foxx, Jay-Z And A Host Of Luminaires NEW YORK, Sept. 25, 2013 /PRNewswire/ -- Made in Africa Foundation (MIAF) has partnered with the AAA-rated African Development Bank (AfDB) to co-manage and market initiatives that will catalyze funding for Africa's largest infrastructure delivery vehicle created-to-date, the Africa50 Fund. With the critical objective of reducing the timing required to develop infrastructure projects in Africa,...

2012-12-07 12:21:20

LONDON, December 7, 2012 /PRNewswire/ -- Nigerian-born businessman Kola Aluko has ended two days of racing at Rome's Vallelunga circuit in third place with Kessel Racing teammates Thomas Kemenater and Maurizio Mediani, after the Swiss team finished third behind Russia's Esta Motorsport and Italy's AF Corse. A leading light in Nigeria's booming energy sector, Kola Aluko is an ardent motorsports enthusiast and the owner of Kessel Racing's Ferrari 458 GT2. His previous...

2012-10-31 15:20:14

LONDON, October 31, 2012 /PRNewswire/ -- The African Development Bank (AfDB) has announced plans to float Africa's first infrastructure bonds in order to raise $22 billion for investments in infrastructure projects. Offered to African member nations - including Nigeria and Ghana - the money raised from the sale of the bonds will help to finance infrastructure projects across many African industries including transport, energy and shipping. Established in 1964, the...

2012-10-19 15:22:20

LONDON, October 19, 2012 /PRNewswire/ -- A continental television switchover to digital broadcasting has been approved by African governments. The national switchover - overseen by the International Telecoms Union (ITU) and due for completion by 2012 - is set to revolutionise television entertainment across Africa. In October 2012, African media personnel attended the Digital Dialogue Conference in Johannesburg, South Africa, to discuss the logistics of the project....

2012-09-24 10:21:15

LONDON, September 24, 2012 /PRNewswire/ -- The African Development Bank (AfDB) has announced plans to float Africa's first infrastructure bonds to member nations to raise up to $22 billion for investments in much needed infrastructure projects such as ports, railways, roads and energy, across the African continent. This brings to reality an initiative first raised at the March 2009 conference on Growth Corridors, hosted by Made In Africa Foundation's Ozwald Boateng and UK...

2012-08-07 06:20:28

LONDON, August 7, 2012 /PRNewswire/ -- International businessman Kola Aluko has expressed his optimism for the future of motor racing in Africa, saying he believes African manufacturing industries will soon be in a position to compete with major global suppliers to the sport. "We've already seen multinationals in other industries moving manufacturing operations from China to Africa, and I think that's a trend that's likely to continue as factory wages continue to rise...

2012-07-23 02:21:28

LONDON, July 23, 2012 /PRNewswire/ -- The Nigerian government has signed a Memorandum of Understanding with US firm Vulcan Petroleum Resources and Nigeria's Petroleum Refining and Strategic Reserve to build six new oil refineries in a deal worth $4.5 billion. Two of the plants, each of which will have a capacity of 30,000 barrels per day, are set to be operational within a year. Nigeria - Africa's top oil producer - has been held back by its lack of refining capacity,...

2012-05-16 06:20:59

LONDON, May 16, 2012 /PRNewswire/ -- Nigerian-born international businessman Kola Aluko [http://twitter.com/kolaaluko ] has commented on the growing demand for private aviation in West Africa, predicting further growth in the regional market. Citing several factors including the continued expansion of the oil, gas and telecoms sectors, Mr Aluko said the swelling ranks of highly successful West African entrepreneurs and business leaders will translate into more...