After over two years of frozen trade relations and diplomatic tensions, Algeria and Spain are restoring their economic partnership, this time with a clear focus on innovation, joint development, and …
economic diversification
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AgricultureDevelopmentEconomyEnergyInfrastructureInnovationTrade and Commerce
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AgribusinessAgricultureDevelopmentEconomyINVESTMENT
NIRSAL Trains Nigerian Livestock Producers to Tap into $2.5 Billion Brazilian Meat Investment Deal
The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has flagged off a major training programme aimed at helping Nigerian livestock value chain actors benefit from a $2.5 billion Foreign …
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AgricultureBusinessEconomyEnergyInternational RelationsINVESTMENTNigeriaPoliciesTrade and Commerce
Akpabio, Others Say Africa Must Stop Exporting Raw Materials Without Value Addition
Senate President Godswill Akpabio has joined other key stakeholders to call on African countries to stop the practice of exporting raw materials without adding value. They said Africa must move …
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AfricaBusinessBusiness InsightsDevelopmentEventsInternational RelationsINVESTMENTNigeriaTrade and Commerce
U.S.-Africa Business Summit to Hold in Angola as Stakeholders Discuss Economic Growth and Trade Opportunities
The 17th edition of the U.S.-Africa Business Summit will hold in Luanda, the capital of Angola, from June 22 to 25, 2025. The event is expected to bring together top …
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DevelopmentEconomyFinance & ServicesGOVERNMENTInternational RelationsNigeriaPoliciesWestern Africa
Policy Think Tank Faults IMF’s Economic Outlook on Nigeria, Backs FG’s Growth Target
The Independent Media and Policy Initiative (IMPI) has expressed disagreement with the International Monetary Fund (IMF) over its latest economic growth forecast for Nigeria. The IMF had recently revised its …
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AfricaBusiness InsightsDevelopmentEconomyNigeria
IMF Tells African Governments to Focus More on Private Sector to Survive Global Economic Problems
The International Monetary Fund (IMF) has told African governments to stop depending too much on public spending and instead focus on supporting the private sector. According to the IMF, this …
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AfricaAgricultureEconomyEnergyNigeriaOil & GasPolitics
Oil Price Crash Hits African Producers Hard, Pushes Diversification Debate
The global oil market is in crisis again. In April 2025, the price of Brent crude oil dropped by more than 20%, sinking below $70 per barrel for the first …
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BusinessDevelopmentEconomyInfrastructureManufacturing
FG eyes steel import reduction with Ogun plant
The Federal Government has moved to cut Nigeria’s $4 billion yearly steel import bill with the groundbreaking of the $400 million Stellar Steel Plant owned by Inner Galaxy Group. The …
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BusinessBusiness InsightsDevelopmentEconomyInternational Relations
Nigeria signs minerals pact with South Africa in diversification push
Nigeria and South Africa have signed a new agreement to work together in the mining sector. Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, made this announcement on Thursday, …
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BusinessEnergyEnvironmentInternational RelationsINVESTMENT
UAE’s Africa push prompts cautious optimism
The United Arab Emirates (UAE) has now become the biggest foreign investor in Africa’s new business projects, with a total commitment of $110 billion between 2019 and 2023. Out of …