BUSINESS

African Development Bank approves $22 million loan to Egypt’s Corporate Leasing Company – Corplease

The Board of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease).The bank said it was to expand the company's operations in...

Wine tastes good but labor conditions in South African wine industry remain appalling – Fresh report

Supermarkets play an important role in the wine supply chain between South Africa and the Netherlands. This is the main conclusion from the latest SOMO-report ‘Pressing Issues’, released on Tuesday.By selling...

IMF reaches preliminary agreement with Somalia on new three-year loan but arrears must be cleared first

The International Monetary Fund (IMF) has reached a preliminary agreement with Somalia on a new three-year loan under an extended credit facility (ECF) and an extended fund facility (EFF).The preliminary agreement is...

Here are the four things fueling rapid hotel growth in Sub-Saharan Africa

Today, Africa is seen as one of the most promising regions for hotel developers. Aside from small chains and independents, four global hotel groups dominate signings and openings on the continent. Over the last four rolling...

Canon secures two new partnerships underlining commitment to Egyptian market

Canon Central and North Africa (CCNA), a world leader in imaging solutions, is proud to announce two new partnerships that underline their commitment to the Arab Republic of Egypt. The first, with Delta, establishes a new...

African Development Bank President Akinwumi Adesina opens trading on London Stock Exchange

Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank Akinwumi Adesina to open markets for trading at London Stock Exchange on Wednesday 22 January.The reception...

Nigeria’s SAHCO to provide aviation ground handling services for Ethiopian Airlines

Nigeria's Skyway Aviation Handling Company (SAHCO) PLC would provide ground handling services to Ethiopian Airlines at the Mallam Aminu Kano International Airport, Kano, Nigeria, the company said in a statement to TODAY NEWS AFRICA in Washington...

Putin re-appoints Africa friendly Alexander Novak as Russia’s energy minister

Russia’s President Vladimir Putin has appointed a new cabinet, keeping key ministers. Amongst those retaining their seats in office is the country’s energy minister Alexander Novak who played an instrumental role in the oil production deal...

Marathon Oil to increase investment in Equatorial Guinea following meeting with President Obiang

Marathon Oil Corp, one of the biggest energy investors in Equatorial Guinea, has committed to increase its investment in the required infrastructure to support the Government’s vision for the Gas Mega Hub and the Year of...

Ride the wave of the African Continental Free Trade Area, African Development Bank president Adesina Urges UK investors

Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium....
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Latest News

House of Representatives seeks 2-month free power supply for Nigerians amid coronavirus lockdowns and shutdowns

The House of Representatives is to consider a fresh Stimulus Bill that will ensure that Nigerians...
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No license has been issued for 5G in Nigeria, communication minister Isa Ali Ibrahim releases statement following report

The attention of my office has been drawn to the public concern about the health implications of the deployment of Fifth...

BREAKING: Nigerian federal government seeks National Assembly’s approval for N500 billion ($1.2 billion) COVID-19 intervention fund

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly...

This is what African leaders discussed with President Macron of France, Dr. Tedros of WHO and Dr. Nkengasong of Africa CDC at their second...

President Cyril Ramaphosa of the Republic of South Africa, and Chairperson of the African Union (AU), on Friday, convened a second...

Coronavirus Africa: 313 deaths, 640 recoveries and 7,741 infections in 50 countries

At least 313 people had died from the novel coronavirus in Africa as of Saturday morning, up from 284 on Friday, according to latest figures...
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