BUSINESS

Nigerian minister of finance, Kemi Adeosun, resigns following scandal

Nigeria's Minister of Finance, Mrs Kemi Adeosun, resigned on Friday, and President Muhammadu Buhari accepted her resignation, following a scandal involving her National Youth Service Corp certificate.

GE 6B gas turbines in Africa skyrocket to 60

General Electric (GE) now has an installed base of 60 6B gas turbines at various locations in Africa with the most recent installation in Cabinda, Angola, the company...

Philips launches “lumify”, its first app-based portable ultrasound system in Africa

Philips Africa on Friday announced the introduction of Lumify, its first app-based ultrasound system.The company said the new app, unveiled in Nairobi, Kenya, will extend the...

Meet 2018 African Innovation Foundation’s top 10 nominees battling for $185 000 awards

The African Innovation Foundation (AIF) on Thursday announced its top 10 nominees for its prestigious Innovation Prize for Africa (IPA) 2018 awards.This year’s call...

African Development Bank loans Cameroon €84 million to support livestock and fish farming

The loan, approved by the Bank’s Board on Wednesday, will support the modernization of beef, pork and fish production, with significant improvements to food and nutrition in the country

With 11 million barrels of crude per day, America is now the world’s largest oil producer, ahead of Russia and Saudi Arabia

With 11 million barrels per day, the United States is now the largest producer of crude oil in the world, ahead of Saudi Arabia and Russia, for the...

Congolese Bank to Sign the China-Africa Inter Bank Association Establishment Agreement

Wednesday 5 September, 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB) signed an agreement for the establishment of the...

Nigerian federal government clarifies Paris Club refund to states

In a statement, the Federal Ministry of Finance in Nigeria on Tuesday provided some clarifications to the Paris Club Refund approved for the 36 States of the Federation.

Opinion: Help, The manufacturing sector is collapsing in Nigeria under Buhari

By Ajibike OnajinJust recently, one of the biggest players in the manufacturing sector, Procter & Gamble Nigeria closed its $300m plant at Agbara...

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...

Latest News

IMF says Senegalese economy severely hit by COVID-19 would rebound in 2021

The International Monetary Fund (IMF) said on Monday that the Senegalese economy, which has been severely...

In moving film, UN calls for collective action to tackle global challenges, including COVID-19, racism, climate change and poverty

The United Nations, Project Everyone and 72 Films are launching “Nations United - Urgent Solutions for Urgent Times,” a first of...

UN calls for bold action for world to recover from COVID-19

Amidst a crisis unlike any other in our lifetimes, with COVID-19 destroying lives and livelihoods across the globe, the 75th session...

Top UN economists warn of crises of our own making if global “megatrends” left unchecked

Five human‑made “megatrends” will  continue to  dominate and frustrate global efforts to put the world on a more sustainable and prosperous...

IMF approves disbursement of additional $1 billion for Angola to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved the disbursement of an additional $1 billion for Angola to respond to...

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