Africa Economy

Buhari calls for establishment of single market in Africa to boost jobs

President Muhammadu Buhari, has called on his counterparts across the continent to speedily establish a single, unified market in Africa to increase trade, create more jobs and reduce poverty. Buhari made the call while presenting Nigeria’s position in favour of the report on the establishment of a Continental Free Trade Area (CFTA) and related issues […]

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Awele Elumelu appointed Gavi Champion for Immunisation in Africa

Prominent African business and healthcare sector leader Dr Awele Elumelu and wife of the Founder Tony Elumelu Foundation, Tony Elumelu, has been appointment as a Gavi Champion for Immunisation in Africa. “Childhood immunisation is a critical intervention and I am honoured to play a role in this important programme, targeting almost 10 million African children, […]

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How Africa’s open skies treaty will shortchange Nigerian airlines

“The Federal Government of Nigeria should not go ahead with the full implementation of the Single African Air Transport Market (also known as the open skies agreement). For while the idea may be noble on paper, there is a need for the government not to lose sight of the facts and the dangers of the […]

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Tony Elumelu at World Economic Forum in Davos

Africa promises good investment opportunity, says Tony Elumelu

The Group Chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, Mr. Tony Elumelu, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be the focus of all governments and global institutions. This, […]

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Tony Elumelu at World Economic Forum in Davos

Elumelu seeks international supports to boost entrepreneurship in Africa

The Chairman, United Bank for Africa (UBA) Plc, and Founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has stressed the need for global organisations and multinational institutions to support the much-needed growth in the African continent; adding that ultimately, such growth will affect the world positively. Elumelu, who pointed this out on the side-lines of […]

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South African Airways expands operation to Mauritius

South African Airways (SAA) has commenced direct flight operations from Johannesburg to Mauritius making use of the Airbus A330 generation aircraft. A statement by the airline said the flight started on January 8, 2018 and that the A330 aircraft will offer a two-class cabin configuration, with increased seat availability to passengers. Business class will range […]

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AfDB should assist African nations mobilise resources –Adeosun

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for a strong and well capitalized African Development Bank (AfDB) that is capable of fulfilling its commitments to member-countries. Adeosun made this call at the Regional Consultative Meeting between the AfDB President, Mr. Akinwumi Adesina and the Bank’s Governors and Ministers of Finance from West Africa […]

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‘Shithole’ countries latest racially charged comment by Donald Trump

US President Donald Trump’s reported description of African nations, El Salvador and Haiti as “shithole” countries has focused attention on previous remarks, which have ignited accusations of racism. The following is a list of some of his most racially charged policy stances and comments: – ‘Birther’ controversy – Trump earned national political prominence by promoting […]

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Study says West Africa’s rice production faces threat

A study has warned that the dry-season irrigated rice in West Africa’s Sahel region has reached the critical threshold of 37 degrees Celcius – the tipping point. It added that further temperature rise could devastate rice yields in the region due to decreasing photosynthesis at high temperatures. According to the Inter-governmental Panel on Climate Change […]

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Aliko Dangote

Aliko Dangote remains Africa’s richest person for the 7th year in a row – Forbes

Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January 2017. The richest African, for the seventh year in a […]

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Nigeria collaborates UNESCO to host global forum over drought-ravaged Lake Chad

The Federal Ministry of Water Resources says it will host a global forum on sustainable solutions to save the drought-ravaged Lake Chad between February 26 and 28 in Abuja. Dr Musa Ibrahim, the Permanent Secretary of the ministry, said this in a statement in Abuja on Friday. He said that the theme of the conference […]

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Foreign airlines benefit more by controlling 80 pct traffic in Africa

Managing Director, Ethiopian Airlines International Operations, Mr. Esayas Woldemariam Hailu, has decried the lack of cooperation among government’s of African countries noting that the trend had created a loophole for foreign carriers to continuously exploit the continents aviation sector to the detriment of local airlines. Hailu spoke in an interview with some Nigerian journalists at […]

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