Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty and encouraging criminality as rising prices deplete already meagre incomes, according to the World …
Business Policies
-
-
The head of the World Trade Organization said on Saturday she hoped that post-Brexit tensions between Britain and the European Union would not escalate into a trade war. “I would …
-
Nigeria’s decision to suspend Twitter indefinitely could backfire for the government and cost the country economically in terms of new investments into its technology sector. The Nigerian government suspended Twitter …
-
Business PoliciesHospitality, Travel & TourismSouthern Africa
South Africa government sells majority of SAA to private entities
Global Airways and Harith General Partners to take a 51% shareholding in-state airline. South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local …
-
The total value of debts owed by Nigeria as at March 31, 2021, now stands at N33.1 trillion ($87.2 billion), the Debt Management Office (DMO) has disclosed. The debts comprise …
-
Nigeria Communications Commission (NCC) has issued an operating licence to SpaceX, an American aerospace company owned by Elon Musk. The licence, which is valid for six years, will enable SpaceX …
-
Business PoliciesTechnologyWestern Africa
Nigeria, SA and Kenya are Top Drivers of eCommerce Volumes in SSA – Visa
A recent research paper by Visa has shown that the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years were South Africa, Nigeria and Kenya, …
-
AgricultureBusiness Policies
Big irrigation projects in Africa have failed to deliver. What’s needed next
In 1938, French colonial authorities in what is today Mali started on an ambitious infrastructure plan to transform the desert into an area of agricultural production. Water was diverted from …
-
AgricultureBusiness PoliciesWestern Africa
Ecobank, Vanguard Agribusiness Summit Explores Food Security Through Digitization
Ecobank of Nigeria in conjunction with Vanguard, recently hosted a virtual agribusiness summit which had as its theme, “Digitizing the Agricultural Value Chain for Unlocking Productivity, Economic Growth and Food …
-
Banking, Finance & InvestmentBusiness PoliciesWestern Africa
Naira Gains 0.23% at I&E Amidst FX Demand Pressure
The Naira gained 0.23 per cent or 94 kobo against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange market on Wednesday, June 2. …