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Liberia signs deal with Niron on iron ore

Liberia and Niron Metals Plc have signed a Memorandum of Understanding for the passage through Liberia of iron...

Chevron moves to acquire Algerian firm

Chevron, American oil giant, has sealed a deal to acquire Algerian oil firm after entering into a definitive...

Masisi markets his country, Botswana

President Mokgweetsi Masisi  of Botswana has embarked on campaign to market his country, saying the nation was investment destination...

Angola, US partner to boost trade

Angola has entered a new partnership Export-Import Bank of the United States (US Exim) to boost trade.

Nigerians in Disapora to meet on development

The Nigerians in Diaspora Organisation Worldwide (NIDOW) has announced plans for the second edition of its Global Development...

AfDB approves plan of Central Africa

The Board of the African Development Bank (AfDB) has approved the Central Africa Regional Integration Strategy Paper 2019...

Ecobank makes $450m from Eurobond

Ecobank Transnational Incorporated (ETI) in Lomé, which is the parent company of the Ecobank Group, has successfully raised...

Mozambique revokes 145 mining titles

Mozambique has taken measures to sanitise activities in the mining sector, revoking more than 145 titles in the...

Shortage of aviation fuel hampers flights in Sierra Leone

The ongoing maintenance activities currently being undertaken by Total has caused serious shortage of aviation fuel in Sierra...

Afreximbank disburses 100m euros for credit facility

The African Export-Import Bank (Afreximbank), has disbursed 100 million Euros  revolving global credit facility to Mota-Engil Africa company...

NEPZA assures investors of safety

The Nigeria Export Processing Zone Authority (NEPZA), has assured local and foreign investors, of adequate security of their...

Global air freight data

In early February, the International Air Transport Association (Iata) released its global air freight data for the whole of 2018....

Mobile tech in West Africa to hit $70b

Mobile Economy West Africa has reported that the economic value of mobile technologies and services in the sub-region is...

Egypt, Greece hike trade

Trade between Egypt and Greece rose 37.5 per cent during 2018, recording €1.8 billion, compared to €1.3...

Stakeholders meet on women enterprises

Heads of state, ministers, leaders of multilateral development banks, private sector executives, women entrepreneurs have met in Cote d’Ivoire to...

Egypt, BMW move to end tariffs dispute

Ministry of Finance of Egypt is about to sign the agreement with the German auto company, BMW,...

Unilever first-quarter sales top expectations

Consumer goods group, Unilever, reported stronger than expected quarterly underlying sales growth, helped by higher prices and...

Nigeria to get AfDB’s US$150m loan

Nigeria’s Federal Executive Council (FEC) has approved the request to obtain a loan of 150 million dollars from the African...

Nigeria has no plan to remove fuel subsidy

The Minister of Finance, Mrs Zainab Ahmed, has refuted reports that Nigeria had agreed with the International...

Nigeria wants miners to regularize titles

Nigeria’s Ministry of Mines and Steel Development has advised unregistered miners to get mineral titles from the ministry to legalise...

Nigeria offers 30-year bond

The Debt Management Office (DMO), says the Federal Government will on April 24, issue a 30-year bond for the first time.

AfCFTA will strengthen development

The World Bank has said that the effective implementation of the African Continental Free Trade Agreement (AfCFTA) would strengthen continental value chain...

N37bn saved from promotion arrears’ mistakes

Mr Ahmed Idris, the Accountant-General of the Federation (AGF), says over N37 billion has been saved from misapplications, paddings, mistakes and non-compliance...

MSMEs offer over 59 million jobs in Nigeria

Mr Ibrahim Abdumalik, a Deputy Director in the Small and Medium Enterprises Development Agency (SMEDAN) says over 37 million Micro, Small and...

Nigeria moves to check import of inferior steel

The Ministry of Mines and Steel Development says it is making effort to curb incessant dumping of substandard steel and other metals...

Nigeria partners private sector on N14.7bn biometric

The Federal Government of Nigeria is partnering with the private sector under a Public Private Partnership (PPP) agreement to produce 13 million...

South Africa’s consumer inflation rises

South Africa’s headline consumer inflation accelerated to 4.5 per cent year on year in March from 4.1 per cent in February, data...

BOI releases N3b Jaiz Bank’s MSMEs facilities

The Bank of Industry (BOI) has released N3billion to Jaiz Bank Plc for development and expansion of Micro, Small ...

Nigeria not reaping benefits of oil, gas reserve – stakeholders

Stakeholders in the midstream sub-sector of the oil and gas sector say Nigeria has not reaped the huge economic value presented by...

Informal sector propels economy of Egypt

Mr. Tarek Tawfik, Vice President of the Federation of Industries, has said that the informal sector represented more than 50 per cent...

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IMF warns on impending trouble for global economy

One of the International Monetary Fund’s top officials warned on Tuesday that `storm clouds’ were gathering over the global economy. IMF First Deputy Managing Director,...
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220 entrepreneurs in camp for SMEs growth

No fewer than 220 intending and existing entrepreneurs attend Business Boot-Camp for Small and Medium Enterprises (SMEs) growth within the South-East.
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Nigeria loses $22b to closure of Smelter firm

Nigeria has lost more than 22 billion dollars in six years to the closure of Aluminium Smelter Company of Nigeria (ALSCON).
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