Category
The United Kingdom’s (UK) Foreign Secretary, Boris Johnson, has referred to Africa as a country in a speech at the Conservative Party conference, the UK independent reports.
The UK’s top diplomat, who has been in office for three months, was …
Continue readingSouth Korea’s Kia Motors Corp signed a deal with a local company to start assembling cars in Ethiopia and is thinking of similar operations elsewhere in Africa. Kia and Belayab Motors PLC, with whom it signed the agreement, said the …
Continue readingState-owned banks in Algeria will soon be allowed to list in the stock exchange as Algiers continues to stumble in the aftermath of the plummeting oil prices. The move will be an attempt by the Algerian government to promote its
The India government has promised to buy more volume of crude oil from Nigeria. The Asian country has also pledged to invest $5bn in the Nigeria economy. India Vice President, Mohammad Ansari made the pledge recently at the state house …
Continue readingLiberia’s House of Representatives has passed a bill that allows for parliamentary seats to be reserved for women, young people and persons with disability.
According to the Equal Representation and Participation Bill passed on Thursday, five seats are to be …
Continue readingNigerian company Egbin Power Plc has expressed interest in investing in Tanzania energy sector, and is considering putting up a natural gas-fired power plant in the East African country. Egbin Power Plc reportedly wants to invest about $630 million in …
Continue readingNigeria Minister of Budgets and National Planning, Udo Udoma, has disclosed that Nigeria has no plans to sell national assets as a panacea for the current economic recession ravaging the country. Udoma made this disclosure ahead of the upcoming Nigeria …
Continue readingNigeria’s taxation department has tracked down 700,000 firms that have never paid taxes. The move is an attempt by the African oil producer to tap alternative sources so as to survive the economic difficulty caused by a reduction in oil
The Nigeria economy recorded a total decline of $2.1 billion in investment inflow in the first 12 months of President Muhammadu Buhari’s administration. The amount when converted based on the N305.5 per dollar official exchange rate of the Central Bank …
Continue readingPresident Idriss Déby Itno acknowledged Chad’s effort in the fight against Boko Haram through its contribution to the regional force to fight the Islamist group.
He stressed on the need for the international community to support African regional efforts …
Continue reading
