PHOENIX GREEN CAPITAL CORPORATION

September 9th 2011

AFRICA - Nigeria looks set to takeover as the continent’s biggest
issuer of local government debt with a planned $650m auction by
one of its states in October, but sub-national bonds remain far off
for much of Africa.
Capital markets can prove cheaper than bank loans - and may
be the only option - for some governments seeking to fill budget
gaps or fund big infrastructure projects, but in much of Africa the
growth of local debt issuance has been slow to take off. A
planned 100 billion naira ($650m) bond issue by Rivers State in
Nigeria’s oil-producing Niger Delta would take Nigeria’s total
local debt stock to more than $2.3bn compared to South Africa’s
$1.9bn in municipal bonds.

August 18th 2011

Botswana President the Hon. Ian Khama visited Ghana on Wednesday for bilateral talks. The 58-year-old President met President John Evans Atta Mills for bilateral talks on strengthening relations between the two nations.


A source at the Office of the President noted that that President Khama was exploring ways of strengthening ties between the two nations with a view to increasing cross investment and technology exchange between Ghana and Botswana.

August 17th 2011

The Nigerian Minister of Trade and Investment, the Hon Olusegun Aganga, on resuming his duties in the Nigerian Parliament has vowed to improve investment opportunities in his country for foreign resource companies. An ex Goldman Sach’s banker he is very knowledgeable on what makes investment work and how to better develop policies and procedures to attract the right type of investment into the resources sector in Nigeria.
As part of his new ministerial portfolio he will be visiting Australia during October to promote Nigeria as a destination for Australia’s Mining companies and investment.

May 31st 2011

The director's of Phoenix Green Capital Corporation Limited, visited Nigeria in advance of President Goodluck Jonathan's inauguration to have high level discussions with Government Minister’s, Senior Public Servants and the Private Sector on ways to fast track some of the new investment policies being announced by the President at his inauguration.

March 20th 2008

The investment forum of Lekki Free Trade Zone was held at the Beijing Grand Hyatt Hotel. There were nearly 150 attendees from domestic companies and government agencies at the forum. For the Nigeria part, Mr. Ibrahim Isah, Minister of Embassy of Nigeria, Mr. Eric A. Bell-Gam, Consul General of Nigeria and Mr. Jemine Memuduaghan, Deputy Trade Commissioner of Nigeria Trade Office in Shanghai attended the forum. They made it clear again that they will spare no efforts to support the Lekki Free Trade Zone project. The huge market and abundant resources of Nigeria has attracted many Chinese companies to invest there. The Lekki Free Trade provides them a platform. Chinese officials from Ministry of Commerce and Department of Foreign Trade and Economic Cooperation of Jiangsu encourage Jiangning Economic Development Zone to build LFTZ to be a model for China’s overseas cooperation zone.

February 2nd 2011

PRESIDENT Goodluck Jonathan, yesterday, approved the immediate extension of the tenure of the incumbent Group Managing Director, GMD, of Nigerian National Petroleum Corporation, NNPC, Mr. Augustin Oniwon, beyond April 2011.
The president has also approved the appointment and redeployment of key managers of the NNPC.
According to a statement by the office of the Minister of Petroleum Resources/NNPC, Mrs Deziani Alison-Madueke, the move is to allow for continuity.