Vlisco proposes $200m investment in Nigeria
11/11/2018Vlisco Group, a Dutch clothes firm, has proposed an investment of 200 million dollars by the company in Nigeria, which would, in turn, create 700,000 jobs. President Muhammadu Buhari has.
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Egypt launches first regional entrepreneurship centre
11/11/2018Egypt’s Minister of Investment, Sahar Nasr, is set to lay the cornerstone of the first regional entrepreneurship centre in the framework of Egypt Entrepreneurship Summit 2018. The Egyptian government works.
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Business & Economy
Ethiopia Ranks as Africa’s Fastest Growing Economy in 2019
11/11/2018Ethiopia will grow 8.5 percent this fiscal year, which will end on July 7, 2019, according to the economic outlook for Africa, published by the International Monetary Funds (IMF). The.
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Business & Economy
Nigeria’s daily oil production falls to 2.09 million barrels
11/11/2018The nation’s oil production, including condensate, declined by about 70,000 barrels per day to 2.09 million bpd in October, compared to the preceding month, new data from the Ministry of.
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Business & Economy
Rwandan agri-preneur lands $2 million chili export deal
11/11/2018Diego Twahirwa, a young Rwandan agribusiness entrepreneur, has secured a deal to export 1,500 drums (barrels) containing 37,500 litres of chili oil for $2 million (about Rwf1.7 billion). Supply will.
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Business & Economy
SINN Power begins 2nd phase of renewable energies project in Guinea
11/11/2018SINN Power is gathering the necessary data to evaluate the renewable energy potential in Conakry, Guinea, considering wave, wind and solar resources. SINN Power has initiated the second phase of.
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Business & Economy
Rainoil boss wins oil industry Man of the Year award
11/11/2018The Group Managing Director of Rainoil Limited, Dr Gabriel Ogbechie has emerged the winner of Downstream Man of the Year for 2018. His choice was announced to an audience of.
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Business & Economy
Nigerian group to develop South Sudan electricity infrastructures
11/11/2018Nigeria-based energy firm Sahara Group (SPG) and the Ministry of Energy and Dams agreed to develop infrastructures of the power sector in South Sudan. South Sudan has the lowest per.
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Business & Economy
Unilever Certified Africa Top Employer
10/11/2018Leading Fast Moving Consumers Goods, FMCG, company, Unilever has been endorsed the number one Top Employer in Africa for the fourth time. The recognition was bestowed on the company at.
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Business & Economy
First African-made Smartphone Debut
10/11/2018African high-tech player Mara on Friday announced the production of their newest product the Maraphone – the first made-in-Africa, full-scale smartphone, soon to be manufactured in plants across Africa. Founder.
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