A maritime research group, Sea Empowerment Research Centre (SEREC), has raised alarm over Nigeria’s declining port activities, warning that the country could lose as much as N1.6 trillion every year …
FOREIGN INVESTMENT
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EconomyInfrastructureMaritimeTax PolicyTrade and CommerceTransportation & Logisitics
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BusinessCorporate StrategyEconomyInternational TradeINVESTMENTRetail
Shoprite Moves to Exit More African Markets Amid Economic Hurdles
Shoprite Holdings, Africa’s largest supermarket chain, is gradually winding down operations in more African countries as it shifts attention back to its core market in South Africa. According to analysts …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …
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Nigeria’s biggest bank by market value, Guaranty Trust Holding Company Plc (GTCO), is making bold moves to expand its international reach. The banking group has announced plans to list its …
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AgricultureDevelopmentEconomyInternational RelationsINVESTMENTTrade and Commerce
Lesotho Backs Modern Agriculture Drive at China-Africa Economic Trade Expo
The Government of Lesotho is taking bold steps to modernise its agriculture sector, aiming to boost food production and create new income opportunities for rural communities. Speaking at the 4th …
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BusinessEconomyEnergyGlobal NewsGOVERNMENTInfrastructureINVESTMENTSouth Africa
Transformation Is Key to South Africa’s Economic Growth – BLSA CEO
Chief Executive Officer of Business Leadership South Africa (BLSA), Busisiwe Mavuso, has said that South Africa’s economic future depends heavily on transformation and continuous reforms. She made this known in …
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EconomyEnergyGOVERNMENTINVESTMENTLeadershipNigeriaOil & Gas
Tinubu Charges New NNPC Board to Drive Economic Transformation, Boost Oil Output
President Bola Ahmed Tinubu has tasked the newly inaugurated board of the Nigerian National Petroleum Company Limited (NNPCL) with the critical responsibility of using their industry experience and expertise to …
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CongoDevelopmentEconomyInternational RelationsINVESTMENTPoliciesRWANDARwandaRwandaRwanda Daily
US-Backed Deal May Allow Congo Minerals to Be Legally Processed in Rwanda Amid Peace Talks
Efforts to resolve the conflict between the Democratic Republic of Congo (DRC) and Rwanda may soon see Congolese minerals such as tungsten, tantalum, and tin legally exported to Rwanda for …
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DevelopmentDigital EconomyGOVERNMENTInfrastructureInnovationINVESTMENTTelecommunications
Nigeria’s Digital Economy Attracts $191m in Q1 2024, Rolls Out $2bn Fibre Project – Minister Bosun Tijani
The Federal Government has revealed that Nigeria’s Communications and Digital Economy sector attracted $191 million in foreign direct investment (FDI) in the first quarter of 2024, a major jump from …