Cholera has killed 15 people and made 547 sick in Zambia’s capital Lusaka and the rising caseload is expected to grow further as the rainy season starts, according to the World Health Organization. The outbreak began on Sept. 28 but appeared to die down by Oct 20, with fewer than five patients reported weekly until […]
Read More
President, Lagos Chamber of Commerce and Industry (LCCI), Chief Mrs. Onikepo Akande, has restated the need for Nigerian and West African farmers to use modern agricultural tools to boost food production in Nigeria and other West African countries. While giving a keynote address at the just concluded Agra Innovate West Africa in Lagos, Mrs. Akande, […]
Read More
The International Monetary Fund (IMF) said it has approved a further $44.5 million credit for Madagascar, as part of a drive to support the country’s economic recovery. The IMF and other international donors broke ties or cut aid payments to the Indian Ocean island after a coup in 2009, but resumed them after a peaceful […]
Read More
Ghanaian President Nana Akufo-Addo has praised the contributions of Zenith Bank to the Ghanaian financial services sector. Describing the bank as a ‘truly pan-African bank’ with presence in several countries on the continent, he said that Africa needs institutions like Zenith Bank to bring about a united West Africa and Africa, that will engender future […]
Read More
Kenya plans to raise $1 billion by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its partners, a senior government official said on Wednesday. The East African country discovered oil in 2012 and full production […]
Read More
The Board of Directors of the African Development Bank Group (AfDB) yesterday approved $10 million equity investment in Phatisa Food Fund2 (PFF2) to boost agriculture and nutrition across Africa. The PFF2 is a second generation Fund which builds on the success of its predecessor African Agriculture Fund (AAF), sponsored by AfDB along with other DFIs […]
Read More
The Board of Directors of the African Development Bank (AfDB) has approved a $15 million equity participation in Africa Capital Works Fund. The investment will finance Sub Saharan Africa’s mid-market companies in strategically selected sectors that offer the potential to be transformed into local and regional industry champions, over a longer than usual ownership period. […]
Read More Alok Gupta is the Group Managing Director, African Industries Group. In this interview, he discusses the challenges of exporting steel from Nigeria and a variety of issues affecting the steel industry in Nigeria. Excerpt. By Franklin Alli How long have you been operating in Nigeria and how much you have invested in the economy? African […]
Read More
The President, Dangote Group, Aliko Dangote, has said that his company’s Corporate Social Responsibility initiatives have commenced in Mfila, Congo Brazzaville, where it just opened a $300m, 1.5 million-metric-tonne capacity cement plant. The cement magnate declared that $1.2m had also been given as loan to aid the country in completion of a bridge. He was […]
Read More
Chad’s stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said. The International Monetary Fund has said Chad’s external commercial debt, most of […]
Read More
The African Development Bank on Tuesday declared that too many old and inefficient airplanes were flying around the continent. According to the bank, Africa is the riskiest of skies to fly in, as the continent accounts for only 3.4 per cent of all flight departures, represents over nine per cent of all air accidents, and […]
Read More
South Africa has limited space for counter-cyclical monetary policy to support economic expansion because inflation risks have increased, central bank Governor Lesetja Kganyago said. The balance of risks for growth in consumer prices is “on the upside,” with the rand weakening against the dollar, a higher oil price, and a chance that power prices will […]
Read More
