President, Muhamadu Buhari on Tuesday in Niamey, Republic of Niger, urged member countries of the Economic Community of West African States to tread carefully in pushing for a single currency for the sub-region by 2020. He cited the challenges faced by the European Union in realising the same goal to buttress his position. According to […]
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Few Africans have talked about pan Africanism and made it happen. And one of such people is Tony Elumelu, the self appointed champion of AFRICAPITALISM -Afrocentric entrepreneurship aimed at stimulating economic growth towards the elimination of poverty in the continent of Africa. The banker turned entrepreneur through his HEIRS holding-a diversified conglomerate, has in the […]
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President of Dangote Group, Aliko Dangote, has urged entrepreneurs in Africa to focus on job creation for the continent’s teeming youths as a way to ensure economic prosperity and poverty reduction in the continent. Speaking at the launch of AfroChampions Initiative, Dangote emphasized greater integration of African economies for real development of the continent. He […]
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Nigeria and South Africa, which emerged from recession in the second quarter of this year, are vying for the title of Africa’s biggest economy. Deciding which African economy will be the biggest at the end of this year will depend on which exchange rate used, Bloomberg showed on a chart. While the International Monetary Fund […]
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos. The Forum hosted more than 1,300 participants from 54 African countries. The most diverse and inclusive gathering of African entrepreneurs on the continent, the Forum continued its strong tradition […]
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The United Bank for Africa Group Chairman, UBA, Plc, Tony Elumelu, has called on African leaders to focus on creating the enabling environment for Small and Medium Enterprises, SMEs, to thrive and survive. Elumelu, who made this call while hosting more than 100 African journalists in Lagos who are to cover Tony Elumelu Foundation, TEF, Entrepreneurship […]
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The Tony Elumelu Foundation (TEF) has created over 160,000 direct and indirect jobs across Africa in three years. Also, the foundation which is dedicated to catalysing entrepreneurship, announced its third annual TEF Entrepreneurship Forum, scheduled to hold on October 13-14 in Lagos, as one of the most diverse annual gatherings of African entrepreneurs and SMEs. […]
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The International Monetary Fund has said it expects inflation in Nigeria and Angola to remain elevated at two-digit levels next year. The IMF said this would reflect the persistent effects of past inflationary shocks coming from sharp currency depreciations as well as higher electricity and fuel prices and, “in the case of Nigeria, reflecting the […]
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The Tony Elumelu Foundation has said over 1,000 African entrepreneurs will converge on Lagos this month for this year’s edition of its entrepreneurship programme aimed at empowering the next generation of African business leaders. The TEF, in a statement on Wednesday, described the third annual TEF Entrepreneurship Forum as the most diverse annual gathering of […]
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The Africa Development Bank, AfDB, is willing to promote remittances into Africa from its Diaspora community to boost the region’s economic growth, Gabriel Negatu, the bank’s Director General for East Africa Regional Centre, said. Negatu said this in Nairobi on Monday during the AfDB Business Opportunity Seminar. He added that the bank was working with […]
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Tullow Oil said Saturday it would restart drilling by the end of the year after a ruling in a maritime boundary dispute between Ghana and Ivory Coast. The International Tribunal for the Law of the Sea found that “Ghana did not violate the sovereign rights” of Ivory Coast by drilling for oil in the region. […]
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Makers of generic AIDS drugs will start churning out millions of pills for Africa containing a state-of-the-art medicine widely used in rich countries, after securing a multi-million dollar guarantee that caps prices at just $75 per patient a year. Global health experts hope the deal will help address two looming problems in the HIV epidemic […]
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