Business

Ministry, Dangote Group to establish Foreign Trade AcademyMinistry, Dangote Group to establish Foreign Trade Academy

Ministry, Dangote Group to establish Foreign Trade Academy

The Minister of Industry, Trade and Investment, Mr Richard Adebayo said on Thursday that the ministry would partner Dangote Group…

January 9, 2020
MTN exits towers businesses in Ghana, UgandaMTN exits towers businesses in Ghana, Uganda

MTN exits towers businesses in Ghana, Uganda

MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses…

January 2, 2020
From CFA franc to Eco: evolution of a controversial currencyFrom CFA franc to Eco: evolution of a controversial currency

From CFA franc to Eco: evolution of a controversial currency

Changes to the CFA franc used by 14 African states, announced over the weekend by Ivorian president Alassane Ouattara and…

December 24, 2019
ADB Presidency: ECOWAS endorses Adesina for second termADB Presidency: ECOWAS endorses Adesina for second term

ADB Presidency: ECOWAS endorses Adesina for second term

The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for…

December 23, 2019
Almost 70 percent of Kenyans will fall short of their aspiration – ReportAlmost 70 percent of Kenyans will fall short of their aspiration – Report

Almost 70 percent of Kenyans will fall short of their aspiration – Report

A new report released by Standard Chartered Bank now reveals that with a wealth expectancy of 63.6 million shillings($626,421) many…

December 23, 2019
West Africa monetary union to reform CFA franc, keep euro pegWest Africa monetary union to reform CFA franc, keep euro peg

West Africa monetary union to reform CFA franc, keep euro peg

The West African Economic and Monetary Union has agreed with France to a number of changes to the CFA franc…

December 22, 2019
Ethiopia gets $2.9bn IMF financing packageEthiopia gets $2.9bn IMF financing package

Ethiopia gets $2.9bn IMF financing package

The Executive Board of IMF approved a three-year $2.9 billion financing package to help Ethiopia implement its homegrown economic reform…

December 21, 2019
Zimbabwe: Arcadia Lithium Project re-evaluatedZimbabwe: Arcadia Lithium Project re-evaluated

Zimbabwe: Arcadia Lithium Project re-evaluated

The Zimbabwean Lithium Arcadia project is preparing to play in the big league. According to an updated feasibility study, the…

December 20, 2019
Nigeria’s ex-attorney general returns to face $1.3 bn oil scandalNigeria’s ex-attorney general returns to face $1.3 bn oil scandal

Nigeria’s ex-attorney general returns to face $1.3 bn oil scandal

Nigeria’s ex-attorney general Mohammed Adoke has returned to the country to face corruption charges over his involvement in one of…

December 20, 2019
Aliko Dangote forecasts $30b revenue, 88% of Nigeria’s 2020 budgetAliko Dangote forecasts $30b revenue, 88% of Nigeria’s 2020 budget

Aliko Dangote forecasts $30b revenue, 88% of Nigeria’s 2020 budget

Africa’s richest man, Aliko Dangote has projected an exponential growth in the revenue of his conglomerate from the present $4billion…

December 16, 2019