Aliko Dangote has hired India’s state-owned Engineers India Ltd. (EIL) to provide engineering and project-management services for a planned $16 billion refinery and petrochemical complex in Kenya. The refinery, which …
International Business
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Alawuba Calls for Stronger Nigeria-Brazil Trade and Investment Ties
Oliver Alawuba, Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA) Plc, has called for stronger trade and investment relations between Nigeria and Brazil, identifying agriculture, …
The European Union has opened the door to a closer relationship with Canada, with European Commission President Ursula von der Leyen proposing that the country become the bloc’s first “associate …
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Canada Braces for Longer Trade War as New Tariffs on US Goods Begin
Canada has begun imposing retaliatory tariffs on a wide range of American goods, with the new measures taking effect Tuesday as Ottawa prepares for what could become a prolonged trade …
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Foreign Investors Pull N266bn From Nigeria’s Stock Market in Three Years
Net outflow widens by 1,073% as analysts warn of persistent foreign selling pressure Foreign investors have withdrawn a net N266.07 billion from Nigeria’s equities market in the first seven months …
- African EconomyBankingFinanceInternational BusinessINVESTMENT
Ethiopia Banking Reform: Standard Bank Gets First Foreign Approval
Standard Bank has recorded a major milestone in Ethiopia after its Representative Office in the country became the first foreign financial institution to be re-licensed under Ethiopia’s newly revised Banking …