Most Recent World News

Africa’s oil and gas potential: Boom or hype?

Africa’s oil and gas potential will grow significantly over the next two decades, driven by population growth, urbanization and the emergence of a wealthier middle class on the continent. Six.

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US-Africa Future: Timely Authorization Of ExIm Bank Imperative

Last month’s U.S-Africa Leaders Summit concluded on a high note with lots of promise for improved trading between both regions; however the re-authorization of the American Export-Import Bank remains the.

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How Africa Is Becoming A Big Technology Player

Over the last several years, technology trends have shifted dramatically with Africa and China becoming big industry players. “China has really transformed itself; it is now the largest global manufacturer..

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Nigeria Economy Not Hurt By Ebola Outbreak – Finance Minister

The Ebola outbreak in West African countries is not seriously affecting the Nigerian economy, Finance Minister Ngozi Okonjo-Iweala said. Nigeria, Africa’s biggest economy, has recorded 21 cases of the virus, and.

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Ghana Sells $1B Eurobond Amidst Fiscal Difficulties

Ghana sold a $1 billion Eurobond on Thursday at a coupon rate of 8.125 percent, lower than analysts had expected given the fiscal difficulties faced by the West African producer of cocoa,.

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Hyundai Targets Greater South African Market Share With New Plant

South Korea’s Hyundai Motor Company, through its subsidiary, Hyundai Automotive South Africa has opened a new plant in Benoni, Guateng, as it looks to consolidate its position in a very.

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World Bank Report: Digital Payments Vital to Economic Growth

Washington, DC —Gates Foundation and Better Than Cash Alliance urge governments in Africa to embrace digital financial services, offers concrete action steps Integrating digital payments into the economies of emerging.

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Africa’s Telecoms Market To Hit $65bn By 2018

Sub-Saharan Africa’s Telecommunication market is set to maintain positive returns as service revenue is predicted to top $65 billion by 2018. According to market intelligence specialists, Analysys Mason, the African telecoms.

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Tony Elumelu Appointed Chairman Of UBA Group

The Board of United Bank for Africa Plc (UBA) yesterday announced the appointment of Tony Elumelu, as Chairman, succeeding Ambassador Joe Keshi. Mr Elumelu is Chairman and CEO of Heirs.

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JPMorgan Listing Will Lure More Investors To Nigeria’s $13bn Bond Market

World’s biggest underwriter of emerging-market debt, JPMorgan says it will list Nigeria’s 2024 bond on its Government Bond Index-Emerging Markets (GBI-EM) this month, making it the fourth listed bond after.

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