In addition to the Middle East and North Africa, the United Arab Emirates is becoming asignificant hub for trade and investment in South Asia, Central Asia and Sub-Saharan Africa.Large multinational companies attribute the UAE's attraction…
African trade fair a ‘ forum for expanding…
The Department of Trade, Industry and Competition has invited companies to participate in the second Intra-African Trade Fair (IATF) set to take place in September in Rwanda’s capital, Kigali. The IATF provides a strategic platform…
Oil Pipeline shut down in Lagos After Explosion
The Nigerian National Petroleum Corporation has shut down oil pipelines around Abule Ado area of Lagos following multiple explosions that rocked the community on Sunday morning, leading to fire outbreak. The incident also led to…
AERC creates plan to reduce food challenges
The African Economic Research Consortium (AERC), with support from the Bill and Melinda Gates Foundation since 2016, has implemented a number of activities under the “Analysis of the Impact of Agricultural, Food and Nutrition Policies…
Lagos to review law on money lending
The Ministry of Home Affairs in Lagos state has said government was planning to review the Laws on money lending activities in the state. Commissioner for Home Affairs Olanrewaju Elegushi made this known on Friday,…
OPEC slashes oil production worldwide
OPEC’s decision to cut oil production worldwide is yet another blow for oil-producing countries. The organization now forecasts a global demand of 0.99 million barrels per day, compared to more than a million. This slash…
Shuter to step down as MTN CEO
MTN Group President and Chief Executive Officer, Rob Shuter will be stepping down from his role in March 2021, according to the company. According to sources, the board said the succession process will be concluded…
AfDB signs first loan
The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The…
Oil prices crashes globally due to COVID-19
Oil prices fell sharply on Monday, after OPEC members failed to strike a deal with oil-exporting countries and Russia. Moscow refused Friday to further reduce crude oil production, to stem the fall in prices linked…
Ecobank celebrates International women’s day
Ecobank Nigeria, Managing Director, Patrick Akinwuntan (middle), on his left, Executive Director, Commercial Banking, Carol Oyedeji and other female Ecobankers during the Bank’s commemoration of this year’s International Women’s Day (IWD) at the Bank’s head…
Opportunities in the Continent of Africa
It would be remiss to paint the African continent with one brush as many countries are at varying stages of their macroeconomic and political cycles, according to Franklin Templeton Emerging Markets Equity’s Danesh Ranchhod. He…
Business:Maltese company invests pharmaceutical lab
A Maltese company has invested in a pharmaceutical laboratory in Ghana that will be able to produce medicines in line with European standards. Chief Executive Officer of Evolve, Chris Busuttil was part of the latest…
Ramaphosa summons Okonjo-Iweala to counter recession
Former Nigeria Minister of Finance , Dr. Ngozi Okonjo-Iweala has been called by the South Africa’s government to help rescue the nation out of recession. South Africa is currently experiencing economic downturn as it entered…
Coronavirus, a global issue – IMF, Heads of…
The International Monetary Fund, (IMF) and World Bank Group on Wednesday announced other measures to curb the impact of the coronavirus on the world’s economy and health. “We know the disease is spreading quickly with…
Nigeria pharmacy company raises seed to $1 million
Over the years, Nigerian startups have come up with solutions across several sectors from financial services to logistics and agriculture. Increasingly however, its health sector is also coming into focus as startups look to build…
Coronavirus: Driving huge demand worldwide
The coronavirus has sent global markets to a stand still as its ramifications to a swath of businesses and industries becomes more apparent. Companies that make and sell products are struggling to secure supply lines…
South Africa in recession following economic downturn
The South African economy shrank by 1.4% in the fourth quarter of 2019, according to recent Gross Domestic Product numbers, released by Statistics SA on Tuesday March 3. This followed a contraction of 0.8% in…
Italian with CODVID-19 didn’t lodge with us – Airport…
The management of Lagos Airport Hotel, Ikeja, has debunked claim by Lafarge Plc that the Italian who brought Coronavirus to Nigeria first slept at the hotel before coming to the company in Ogun State. The…
UBA rakes in N89.1bn profit after tax
United Bank for Africa Plc (UBA) has posted a profit after tax of N89.1 billion for the financial year ended Dec. 31, 2019. The profit after tax represented a growth of 13.3 percent to N89.1…
