UNIDO Encourages Revival of Nigeria's Textile Industry

United Nations Industrial Development Organisation (UNIDO) has shifted its focus on Nigeria’s ailing textile industry encouraging a revival of the industry. In a released statement late last month, UNIDO explained the significance of the industry to the country’s economic health, “The Nigerian textile industry represent(s) a strategic non-oil industry and the second largest industry in…

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De Beers Swings To 2Q Loss As Sales Slump

JOHANNESBURG -(Dow Jones)- De Beers SA, the world’s largest diamond company, Friday said it swung to a loss in the second quarter of the year after sales slumped and it cut production in response to a fall in demand. De Beers, 45% owned by Anglo American PLC (AAUK), said production for the first half of…

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Woolworth to Report 30-40% Rise in Earnings

“Johannesburg – South African food and clothing retailer Woolworths expects to report a 30%-40% rise in earnings per share boosted by a one-off profit and sales in the fourth quarter showed signs of recovery. The company said EPS in the 52 weeks to end June were expected to rise up to 40 percent versus the…

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“CNN Presents: Black in America 2′s” Soledad O’Brien Interview

CNN July 22nd and today July 23rd has been airing Black in America 2 a continuation of its series on the topic. The timing is impeccable in light of the whole fuss on President Barack Obama’s statements on the alleged racial profiling incident of Harvard Professor Henry Louis Gates and the Cambridge police. Ladybrille Magazine’s…

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African Business Awards 2009 Winners & Pictures

The African Business Awards an event that “celebrates excellence and best practices in African businesses and recognizes those who have driven Africa’s rapidly transforming economy,” held its 2009 Awards dinner in London in early July. The event organized by African Business Magazine and was attended by Rwandan President Paul Kagame and other leading African government…

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W, Vogue, GQ, Essence Suffer Steep Decline in Ad Revenue

While African companies like ThisDay Media and its relative new fashion lifestyle magazine, ARISE, appear to be successful in the publishing business, it is becoming very difficult to make a compelling case for print fashion luxury magazines in the West. Yesterday, Condé Nast Publications’ Chief Executive Officer, Charles Townsend, sent a memo to its staff…

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Fashion & Art Academy, Lagos

Coco Chanel during her remarkable career in fashion once said, “Fashion is not something that exists in dresses only. Fashion is in the sky, in the street, fashion has to do with ideas, the way we live, what is happening.” Indeed. Fashion encompassses numerous disciplines: business, law, music, politics, anthropology, journalism and so forth. As…

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