BUSINESS

Chinese consortium targets early 2019 for work on 3050 megawatts Mambila power project – Nigeria presidency

President Muhammadu Buhari has received assurances from the Joint Venture Partners assigned to construct the 3050 Megawatts Mambilla Hydro-electric Power Plant, that all processes leading to the start of work would...

Breaking: Nigeria, China sign $328 million ICT deal

Nigeria and China on Wednesday signed an agreement for $328 million Information and Communication Technology Infrastructure Backbone Phase II (NICTIB II) project, the presidency in Nigeria said in a statement to...

China has invested $5 billion in Nigeria in 3 years, says President Buhari

Nigeria's partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last...

South Africa in recession

South Africa is now in recession for the first time since 2009, data released on Tuesday showed. "We are in a recession. We reported a contraction in the first...

13 ministers for “Africa Oil Week” in South Africa

At least 13 African ministers are expected to attend "Africa Oil Week" conference in South Africa in September, Conference Director Mr. Paul Sinclair said in a statement on Thursday.

My American story – Charles Gueboguo

The amazing stories of Africans living in the United States are rarely told in the United States where most people in the news are often white. Kids who grow up watching television or browsing news sites...

Mines secures $13 million series A to grow digital credit platform for emerging markets

Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13 million led by The Rise Fund, a global fund managed by TPG Growth....

In Lagos, Honeywell Group launches Itanna, an accelerator and investment vehicle

Honeywell Group, the leading Nigerian corporate, has officially launched its new accelerator and investment vehicle, Itanna. Led by Tomi Otudeko, Head, Innovation and Sustainability for Honeywell Group and Director of the new venture, Itanna will roll out four-month innovation...

Analyzing Nigeria’s 2018 budget

The Socialist Party of Nigeria has analyzed Nigeria's 2018 budget and concluded that it was not very different from the previous ones. The budget, SPN said, mainly serves the big men and women...

Protected: Opinion: Cameroon in crisis as President Biya refuses to compromise

By Jude Mutah In the lead up to the polls in October 2018, a political crisis is deepening in Cameroon. At 85, Paul Biya, president since 1982, plans to run for a seventh term. Having abolished presidential term limits in...

Latest News

Former African presidents release joint statement backing embattled African Development Bank President Akinwumi Adesina

In an unprecedented move, former African heads of state and government released a jointly signed letter...

Nigeria’s SERAP writes Buhari to provide spending details and audit of ‘fresh’ $5.513 billion loan

The Nigerian Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information request to President Muhammadu Buhari requesting him...

African Development Bank approves €88 million ($98 million) loan for Senegal to respond to COVID-19

The Board of Directors of the African Development Bank on Friday approved a loan of 88 million euros to Senegal, hit hard...

IMF Executive Board Approves FY 2021-FY 2023 Medium-Term Budget

On April 27, 2020, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for...

Former African presidents release joint statement backing embattled African Development Bank President Akinwumi Adesina

In an unprecedented move, former African heads of state and government released a jointly signed letter on Friday, backing the embattled...

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