The Chairman of Dangote Group, Aliko Dangote, has called on Nigeria to increase local production and strengthen backward integration as key steps toward becoming Africa’s leading manufacturing hub. He said …
AFCFTA
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BusinessEconomyEducationManufacturingNigeriaPrivate SectorTrade & Investment,
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Africa EconomyDigital TransformationEducationInnovationTechnologyTrade
AI Seen as Key Driver of AfCFTA Success and Africa’s Future Trade Growth, Experts Say
Artificial intelligence will play a central role in determining the success of the African Continental Free Trade Area and shaping the future of cross-border commerce across the continent, according to …
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AfricaBusinessEconomyFinanceTrade
Afreximbank Reaffirms Strong Support for AfCFTA, Pushes New Financing Tools to Boost Intra-African Trade
Afreximbank has restated its strong commitment to increasing intra-African trade, supporting industrial growth, and strengthening value-chain development under the African Continental Free Trade Area. The bank said it will continue …
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AfricaEconomyGovernanceNigeriaTrade
PRESIDENT TINUBU SAYS TRADE REFORMS WILL BOOST NIGERIA’S GLOBAL COMPETITIVENESS
President Bola Ahmed Tinubu has said that the Federal Government’s ongoing trade reforms, including the unification of the exchange rate, removal of fuel subsidy, and continued port modernisation, were introduced …
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EconomyGovernanceHealthInnovationScienceTechnology
Nigeria Imports 99% of Medical Devices, 70% of Medicines
Nigeria’s overreliance on imported medical products has again come under scrutiny as the Federal Government revealed that the country imports about 99 per cent of its medical devices, 70 per …
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AfricaBankingDevelopmentEconomyFinanceSustainability
UBA to Launch Whitepaper on Unlocking Africa’s Growth Potential
United Bank for Africa Plc (UBA) has announced plans to launch a major whitepaper designed to accelerate Africa’s economic development through improved financial systems, strategic partnerships, and sustainable growth initiatives. …
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Eastern AfricaEconomyInfrastructureINVESTMENTTradeTransport
Rwanda Bets on Lake Kivu Transport Projects to Boost Trade and Regional Connectivity
Rwanda is moving to strengthen its position as a logistics hub in East Africa by investing heavily in transport projects along Lake Kivu. The projects, which include the construction of …
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BusinessEconomyGovernment PolicyInflationManufacturingRegulationTrade
Manufacturers Oppose FG’s Plan to Introduce Tax Stamp System on Excisable Products
The Manufacturers Association of Nigeria (MAN) has cautioned the Federal Government against the planned introduction of a Tax Stamp System on excisable products, warning that the policy would worsen inflation, …
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African DevelopmentClimate ChangeEconomyEnergyEnvironmentInternational Relations
African Nations Urged to Use Climate Plans as Path to Economic Growth
African governments have been urged to treat their upcoming national climate plans not just as environmental strategies but as opportunities to grow economies, create jobs and improve living standards across …
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BankingEconomyRegional IntegrationTradeTransportation & Logisitics
Afreximbank Launches ATDC With $1bn Backing to Boost Intra-African Trade
The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) as part of fresh efforts to grow trade in raw materials, minerals and value-added goods across …