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China Railway Construction Corporation says it has won a $1.851 billion contract to construct the Kano city light rail. In a special announcement the company said its directors had received a provisional letter of award from Nigeria.
The rail, with …
Continue readingGhana’s government has launched an eco-tourism project worth 1.2 billion dollars that will see a forest being destroyed by encroachments and waste dumps turn into a world class recreational destination with amusement parks, orchards, arboretum, wildlife safaris, museums, eco-commercial enclaves …
Continue readingThe Chinese government has offered 200 Zambian students scholarship awards this year to pursue various degree programs in China a Chinese envoy said Wednesday.
During a pre-departure ceremony held for the beneficiaries in Lusaka the Chinese Ambassador to Zambia; Yang …
Continue readingMauritius is only 65km long, 45km wide and 2,000 km away from Africa. Yet there are strong indicators that this small island in the Indian Ocean may be the ideal gateway to Africa. In a period of great economic uncertainty
The latest batch of the Panama Papers from a group of investigative journalists focused on shell companies and corruption in Africa. I read their findings with great interest and noticed how this round of tax revelations didn’t attract as much
The British press has been devoting acres of coverage to a £1bn foreign direct investment deal into Sheffield, a former mining town in northern England. Branded as an extension of the “golden era” of relations between Britain and …
Continue readingSouth Africa has toppled Nigeria and reclaimed its status as the largest economy in Africa. This comes two years after Nigeria rebased its GDP calculation and advanced to the top spot. South Africa was also temporarily relegated to the …
Continue readingThe Nigerian economy took a deep plunge this year but make no mistake, it’s not a sudden twist, it’s been long coming and every discernible mind should have seen it coming. However, the un-foretold hardship the current situation of the …
Continue readingFor some curious reason, we have become used to low or at best average performance. Nigeria has become a synonym for mediocrity. Whether in governance, education or sports. Even in religion where we have some of the most celebrated religious …
Continue readingState of the Economy
That we live in challenging times is an understatement. In the year 2015, the global political economy showed both stresses and promises for our nation. In Eurozone and the USA, economic growth slowed and imports of …
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