The Global Minimum Tax Act which requires large multinational enterprises (MNEs) operating in the nation to pay a global minimum corporate tax rate of 15% was formally signed into law by South Africa in a…
Nigeria: Lagos to become Africa’s biggest innovation hub
Lagos State Government says its investment in technology and innovation was a deliberate effort to make Lagos Africa’s foremost centre of innovation. Lagos State Governor, Babajide Sanwo-Olu, said this on Monday in Ikeja, during a…
Nigeria admits border closure causing pain but it…
Nigeria’s decision to close its common borders with its four neighbours, Benin, Cameroon, Chad and Niger is causing pain at home, admitted President Muhammadu Buhari who notwithstanding ruled out its immediate lifting.The border closure has…
ECOWAS leaders set to meet on single currency
Presidents of Economic Community of West African States (ECOWAS) are to meet on December 21 in Abuja to consider recommendations on the proposed single currency regime for the sub-regiom Nigeria Minister of Finance, Budget and…
African Development Fund: $7.6b to support Africa’s low-income…
Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF…
Akufo-Addo wades into Nigerian traders-GUTA war
Ghana’s President Akufo-Addo is billed to intervene in the dispute between Nigerian traders and the Ghana Union of Traders Association (GUTA). GUTA said Nigerian traders should keep off retail business and has moved in several…
Nigeria seeks approval for $30b external loan
In spite of the clean bill of prosperity in the economy, Nigeria is seeking the approval of the National Assembly to obtain external loan of $29.96 billion for the implementation of 39 key infrastructure embarked…
Rwanda secures 11.6m Euro grants to build lake…
The Netherlands will offer over 11.6 million euros (12.7million U.S. dollars) in grants to Rwanda in the next fiscal year to build four ports on Lake Kivu (West) as a move intended to develop trade,…
Power Sales Decides To Exit Zimbabwe As The…
South African retailer Pepkor Holdings has today announced that it will be leaving Zimbabwe citing poor performance due to the deteriorating economy. The company's statement comes when Zimbabwe is submerged in severe shortages of foreign…
Ghana Stock Exchange Signs Agreement With Singapore Cooperation…
The Ghana Stock Exchange (GSE), in its aspirations to transform into an efficient, world class platform for investments and raising capital, has signed and exchanged a Memorandum of Understanding with the Singapore Cooperation Enterprise (SCE).…
U.S. Indicts Nigerian Airline CEO On Bank Fraud…
LThe founder and CEO of one of Nigeria's largest airlines, Air Peace, has been indicted by the U.S. Department of Justice on charges of bank fraud and money laundering for the alleged illegal movement of…
Nigeria Owes N25.7 Trillion – DMO
The Debt Management Office (DMO) says that Nigerian's total debt profile is N25.7 trillion. The Director-General of the office, Patience Oniha, announced this while addressing House of Representatives Committee on Public Account on Friday in…
U.S-China war: What Africa needs to do –…
Amb. Tijani Muhammad-Bande The President of the UN General Assembly, Prof. Tijani Muhammad-Bande, has said that Africa needs to look inward to be able to overcome the negative effects of the trade war between the…
Nigeria, China Resume Talks On Port Harcourt-Maiduguri Rail…
The Minister of Transport, Rotimi Amaechi, said on Thursday that the Federal Government and its Chinese counterpart are holding talks on the Port Harcourt-Maiduguri rail project. The minister disclosed this in a statement issued by…
ED Takes ‘Zim Is Open For Business’ Mantra…
President Emmerson Mnangagwa said that Zimbabwe has had no lines of credit from international institutions for the past 20 years due to sanctions. President Mnangagwa was speaking on Monday at the Global Business Forum Africa…
Africans Must Have ‘Spirit of Entrepreneurship’ – Jack…
Jack Ma founder of Chinese conglomerate Alibaba says if Africa wants to build a sustainable economic growth each African must have the spirit of entrepreneurship. The Chinese billionaire was speaking at the Africa Netpreneur conference…
I appeal to Nigeria, please open the borders…
Mr. John Mahama, Former President of Ghana, on Tuesday, appealed to the Nigeria Government to open up her border so that economic activities can resume in West Africa. Mahama made the plea while delivering the…
Jumia Suspends Business in Cameroon
Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on Monday because it is not suitable for the country. Its shares have tumbled from its…
De-Linking Our Economy From The USD Will Bring…
The Minister of Finance speaking at the Zimpapers breakfast meeting on Friday said it would take time to reach the de-dollarisation target as very few economies had successfully de-dollarised, the Herald reports. The treasury boss…
