BLACK RHINO (BLACKSTONE’S AFRICA DIVISION) HIRES EMIR LAMIDO SANUSI AS CHAIR!!!!!!!!!!!!!!

Emir Sanusi

By: Economic & Finance Report

Black Rhino (Blackstone’s Africa equity unit) has hired Mr. Lamido Sanusi, Emir of Kano and former Nigeria Central Bank Governor. Blackstone is working with Aliko Dangote and the Dangote Group in producing gas pipelines from the southern part of Nigeria (primarily the Niger Delta region) heading to the southwest, toward Lagos state. The  Dangote Group will invest $2.5 billion dollar toward the project.

Emir Sanusi will be heading the Black Rhino’s Board of Director’s as the Chairman, assisting in an advisory role as well as producing recommendations. This comes in a time where Nigeria and the rest of Africa are figuring ways to cut off the dependency on oil and focus in other means to factor in energy. In Nigeria, gas seems to be a viable alternative as the country transitions from becoming so dependent on oil. -SB 

BLACKBERRY MIXED EARNINGS REPORT BRING A DIP TO THE STOCK

 

Blackberry pics

BY: Economic and Finance Report

Blackberry shares dipped a bit on Friday  because of their mixed earning report for the end of the year quarter. Finishing down to $9.99. There seems that there is still a lot more work to be done as Blackberry is restructuring the company.

The company did below what analysts had predicted of $1 billion dollars in revenue. Blackberry reported losing  $148 in revenue in the 3 quarter. Blackberry executives expect the company to continue with either “break-even” or a little better route in their cash flow for 2015, but the Chairman/CEO John Chen expects Blackberry to hit profitability in the beginning of 2016.

-SB