Sim Tshabalala has become the first black person to lead Africa’s largest bank by assets without sharing power, after his co-CEO stood down, South Africa’s Standard Bank said on Tuesday. Tshabalala, a 49-year old company veteran who describes himself as “a Zulu boy from Soweto”, joins only a handful of black executives at the helm […]
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The power of entrepreneurship and free market economy is driving Africa’s economic growth from food production, as businesses waking up to opportunities of a rapidly growing food market in Africa that may be worth more than $1 trillion each year by 2030 to substitute imports with high value food made in Africa. This was the […]
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The United Bank for Africa (UBA) has reiterated its commitment to support the government of Tchad in its development initiatives in the areas of infrastructure, Oil and Gas and other key sectors of the economy,. Speaking at a roundtable Forum organised in Paris recently by the government of the Republic of Tchad, on the financing […]
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Kenya will sell two-year and 10-year Treasury bonds worth a total 30 billion shillings ($292 million) this month, the central bank said on Sunday. In a Reuters report, the bank said in a statement it would receive bids for the bonds until Sept. 19 and auction the two bonds on Sept. 20. The two-year bond […]
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Africa’s richest man, Aliko Dangote is among those considering counteroffers for PPC Group Limited that could signal a bidding contest for South Africa’s largest cement maker, according to people familiar with the matter. Dangote Cement Plc sees a bid for the Johannesburg-based company as a way to accelerate expansion outside its home market of Nigeria, […]
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Seventy-five Nigerians including students and professionals are going to be part of the finalists joining hundreds of their colleagues from the Middle East and Africa for the LafargeHolcim regional awards for Sustainable Construction in Nairobi, Kenya this week. Organized by the LafargeHolcim Foundation for Sustainable Construction, it is the most significant global competition in sustainable […]
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President of African Development Bank (AfDB), says the bank and World Bank have set aside $800 million for the provision of agriculture technologies to farmers in Africa. Dr. Akinwumi Adesina made this known at the ongoing 2017 African Green Revolution Forum (AGRF) on Wednesday in Abidjan. According to him, the financial support will come under […]
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Nigeria and South Africa have both exited recession, notching up economic growth of 0.6 percent and 2.5 percent respectively in the second quarter, official data showed on Tuesday. Nigeria’s economy returned to growth after five consecutive quarters of contraction, driven by a strong performance in the oil, agricultural, manufacturing and trade sectors, according to the […]
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Following the August 14 unprecedented disaster, Tony Elumelu, Founder of Tony Elumelu Foundation and Chairman of United Bank for Africa (UBA), yesterday, Wednesday 23 August, paid a state visit to the people and Government of Sierra Leone to commiserate over the great loss caused by devastating mudslides and floods that have claimed hundreds of innocent […]
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Angolan President Jose Eduardo Dos Santos, in power since 1979, will not contest Wednesday’s general election, meaning he will soon lose his place as Africa’s second longest-serving leader. The continent is home to many men who have held office for two decades or more, and Dos Santos has up to now trailed Teodoro Obiang Nguema […]
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Managing Director of Nigerian Ports Authority (NPA), Ms Bala Hadiza Usman, yesterday emerged the vice-president (Africa Region) of the International Association of Ports and Harbours (IAPH). Usman joins five other vice-presidents representing America, Central and South America, North, Asia, South/West, East & Middle East, Asia, South East and Oceania and Europe on the governing body […]
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The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to extend the West African Gas Pipeline (WAGP) from Ghana to Cote d’Ivoire. The move, according to the corporation, is part of the Federal Government’s West Africa energy integration policy aimed at penetrating the region. Group Managing Director of NNPC, Dr. Maikanti Baru, stated this yesterday […]
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