Africa Economy

Onyema highlight challenges toward achieving ECOWAS single currency

The Chairman of the ECOWAS Council of Ministers, Mr Geoffrey Onyeama says achieving the ECOWAS Single Currency by 2020 will be a challenge. Onyeama said this while responding to questions from newsmen at the end of the 54th Ordinary Session of the ECOWAS of Heads of State and Government in Abuja on Saturday. The chairman, […]

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Dangote’s Mansur Ahmed leads African manufacturers

The African Union Trade Commission has appointed the Executive Director of Dangote Group and Chairman of Manufacturers Association of Nigeria (MAN), Mr Mansur Mohammed Ahmed, as the interim Chairman of the African Manufacturers Association. .This appointment was announced on the sidelines of the on-going Intra-African Trade Fair in Cairo by Mr Muchanga, an AU Commissioner. […]

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Forbes recognises Ogbebor, Akinbode emerging African young innovators

Forbes has rated two young Nigerians, Ayokunle Akinbode and Uyi Ogbebor, the owners of HWP Group as young Nigerians full of innovation and on a mission to owning one of the best media, entertainment and hospitality companies in Nigeria. Forbes is a Global media company, focusing on business, investment, technology, entrepreneurship, leadership, and lifestyle. In […]

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Our strategic plan will boost Africa Re’s performance in 2019 – Chairman

The Chairman of Africa Reinsurance Corporation (Africa Re), Mr Hassan Boubrik, in this interview with Insurance Vanguard, speaks on the Corporation’s challenges including currency fluctuations, its strategic plans to perform better, among others. Excerpts What progress have you achieved with respect to Africa Re’s strategic plan? Definitely we are not meeting the target of 2018, […]

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Emerging wealthy Nigerians most enterprising in Africa, others: report

Nigeria is the most entrepreneurial market across Asia, Africa and the Middle East when it comes to increasing wealth, a new research by Standard Chartered revealed on Wednesday. The report found that Nigeria’s emerging affluent considered that effective wealth management held the key to greater social mobility. More emerging affluent consumers in Nigeria planned to […]

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Consumer spending in Africa to hit $2.1 trillion by 2025 – CPC

The Director-General, Consumer Protection Council, Mr Babatunde Irukera, says the increase in the rate of population on the African continent will boost consumer spending from about $1.5 trillion in 2015 to about $2.1 trillion by 2025. He said this while making a presentation at the Africa Policy Forum of the University of Leeds’ Centre for […]

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Osinbajo at Nyanya market TraderMoni

Africa become world’s next big growth market

Africa will become the world’s next big growth market, akin to the Asian boom, McKinsey, a management consulting firm said on Tuesday. “While other geographies are seeing incremental growth, global companies that get in early and join the African champions shaping the right strategies, can sustain double-digit profit growth over the next few decades,’’ it […]

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Traders work at the Nigerian Stock Exchange in Lagos

CISI, NSE heralds partner to increase finance professionals in Africa

The Chartered Institute for Securities & Investment (CISI) is delighted to announce a new partnership with The Nigerian Stock Exchange (NSE) to provide trainings for CISI’s qualifications in Nigeria, under the auspices of X-Academy, the knowledge platform of NSE. The partnership will result in CISI accrediting X-Academy as its training partner in Nigeria for qualifications […]

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Afreximbank

Afreximbank lists benefits of AfCTA to Intra-African trade

The African Export-Import Bank (Afreximbank) has reiterated that the African Continental Free Trade Agreement, AfCTA, will boost intra-African trade. The Bank also said the agreement would lead to specialisation among African countries in areas they have comparative advantage. The Director and Global Head Communications and Event Management, Afreximbank, Mr. Obi Emekekwue, who said this at […]

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Elumelu charges African Presidents to develop policies to attract private sector investments

Thursday, November 8, 2018; Lagos, Nigeria: Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation; Tony O. Elumelu, CON has called on African Heads of State to develop policies to attract Private Sector Investment. He made this call while speaking to private sector captains, global investment leaders and key players in Africa’s development sector at a […]

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African Development Bank (AfDB) Headquarters Source: Reuters

China forcing African firms out of business, AfDB laments

African Development Bank, AfDB, has expressed concern that many African owned firms are forced to drop out of the market due to unfair competition from Chinese companies. Senior Director, AfDB Nigeria, Mr. Ebrima Faal, said this during the weekend at the African Economic Merit Awards (EAMA) World Plaque and Award Nominees unveiling ceremony in Abuja. […]

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Dr. Okechukwu Enelamah

Nigeria, others ready to address challenges of free trade zone in Africa

Nigeria and some African countries have expressed their readiness to address challenges of achieving a free trade zone in Africa. The Vice-President Yemi Osinbajo and some other stakeholders from different countries in Africa spoke at the Africa Trade Forum 2018, which was co-hosted by the United Nations Economic Commission for Africa, the Rockefeller Foundation, the […]

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