About 160 new private jets are to be delivered to Africa in the next seven years, industry data from Global Jet Capital, has revealed. The data listed Nigeria, Kenya and South Africa as major players in the private jet business on the continent. The forecast value of the aircraft, was put at $3.9 billion for […]
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His Imperial Majesty, Oonirisa Adeyeye Enitan Ogunwusi Ojaja II, The Ooni of Ife, has partnered with Empower 54, a non-profit organization, to create awareness and promote solutions to end malnutrition in Africa, which presently kills 2.3 million children annually in Nigeria. Empower 54 Project Inc is a US non-profit organization providing humanitarian assistance since 2003 […]
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The Africa Development Bank (AfDB) has signed a concessional donor loan agreement with France to the tune of $253 million as support for the 14th replenishment of the African Development Fund (ADF). Established in 1972, the ADF represents an enduring development partnership between African countries and donors. The Fund is part of the African Development […]
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Egypt could be a front runner in transforming intra-African trade and boosting innovation and industrialisation on the African continent, the Managing Director of the Intra-African Trade Initiative at the African Export-Import Bank (Afreximbank), Kanayo Awani, has said Speaking during the opening of a one-day workshop on intra-African trade, organised by Afreximbank, in Cairo, she said […]
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World Bank Statistics have shown that remittances to African countries have declined by an estimated 6.1 per cent to $33 billion. The figure, which was for last year, was triggered by slow economic growth in remittance-sending countries and a decline in commodity prices. It said rising sources of income for Africans are being realised through […]
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With some mining companies increasingly reluctant to own outright the infrastructure that keeps their projects going, an African development institution is linking up with investment funds to help fill the gap. The Nigerian-based Africa Finance Corporation has already expanded its debt or equity funding for resources projects from oil into mines, including a bauxite scheme […]
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The President of the Institute of Chartered Accountants of Nigeria, Isma’ila Zakari, has urged the 650 newly inducted members of the Association of Accounting Technicians West Africa to adhere strictly to the conduct of professionalism. He said this recently during the 47th induction ceremony held at the ICAN Centre, Amuwo Odofin, Lagos. Zakari said, “The […]
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Zimbabwean President Emmerson Mnangagwa on Wednesday promised zero tolerance in his government’s push to punish corruption that stifled political freedom and economic growth under Robert Mugabe’s 37-year rule. Mnangagwa, giving his first state of the nation address since he assumed power last month following a de facto coup that ousted his 93-year-old predecessor, has sought […]
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Lafarge Africa Plc at the weekend closed application list for its ₦131.65 billion rights issue, rounding off the subscription to its major capital raising aimed at deleveraging its balance sheet and rebuilding a more supportive capital base. Lafarge Africa had on November 24, 2017 launched an offer to raise ₦131.65 billion through a rights issue […]
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President Muhammadu Buhari on Saturday opened the 52nd ordinary session of ECOWAS Authority of Heads of State and Government in Abuja. He advocated regional mechanism for evacuation, resettlement and empowerment of stranded ECOWAS citizens abroad. The President made the call at the opening of the 52nd ordinary session of ECOWAS Authority of Heads of State […]
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Two Ebola survivors in Sierra Leone filed a lawsuit in a regional court on Friday, accusing the government of mismanaging funds during an epidemic that killed more than 3,000 people in the West African nation. More than 11,300 people died in total during the worst outbreak of the highly contagious disease, which mainly affected Guinea, […]
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The European Union and African Union say at least 3,100 migrants who were stranded in Libya have been returned to their home countries in the past two weeks. A new task force that also includes the United Nations aims to repatriate another 15,000 migrants from Libya by February. The effort comes after recent footage showing […]
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