Most Recent News

Nigerian President signs $328 DEAL with China, secures support on Mambilla Project

President Muhammadu Buhari on Wednesday secured the support of the Chinese President, Xi Jinping, for the building of the 3,050 megawatts Mambila hydroelectric power project. The Senior Special Assistant to.

Louis von Zeuner resigns as chair of African Bank

The chair of the boards of African Bank and African Bank Holdings, Louis von Zeuner, has resigned to join the board of a company in the financial services industry. In.

Rwanda’s Kagame endorses Chinese investment in Africa

African Union chairman, Rwandan President Paul Kagame has termed Chinese aid and investment strategy in Africa as “deeply transformational” and respectful of the continent’s global position. Speaking Monday at the.

Global economy can reap $26trn by fighting climate change – Okonjo Iweala

A former finance minister of Nigeria and Co-Chair of the Global Commission on the Economy and Climate, Ngozi Okonjo-Iweala, says fighting climate change can add $26 million to the world.

South African recession is “transitional issue” – President Cyril Ramaphosa

South Africa’s slide into recession is a “transitional issue” from which the economy will soon recover, President Cyril Ramaphosa said in comments published on Thursday, repeating promises for a stimulus.

World Bank Vice President visits Algeria

World Bank Vice President for the Middle East and North Africa, Ferid Belhaj is in Algeria from September 5 to 6, 2018 to reaffirm the Bank’s support for the national.

Africa Energy begins oil drilling in offshore Namibia

Africa Energy Corp, an oil and gas company with exploration assets offshore Namibia and South Africa has announce the initial drilling of the Cormorant-1 well on Petroleum Exploration License 37.

Nigeria’s external debt rises by $11.77bn in 3yrs – DMO

Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown. According to debt statistics obtained from the Debt Management Office, the country’s external debt rose.

Mali PM re-instated, ordered to form new govt

Mali’s president has reappointed Prime Minister Soumeylou Boubeye Maiga and ordered him to form a new government, a statement from the presidency said on Wednesday. Maiga is a close ally.