UAE-Ghana trade exchange hits $1.2bn in 2017
06/09/2018The trade exchange between the UAE and Ghana amounted to over $1.2 billion by the end of 2017, a media report said, quoting a senior Ministry of Economy official. “Afro-UAE.
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Business & Economy
Egypt’s foreign reserves increased by $104 million in August
06/09/2018The country’s net foreign reserves increase to $44.419 billion at the end of August compared with $44.315 billion in July 2018, Egypt’s central bank said on Wednesday. Egypt’s foreign reserves.
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Business & Economy
Nigerian President signs $328 DEAL with China, secures support on Mambilla Project
06/09/2018President 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.
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Business & Economy
Louis von Zeuner resigns as chair of African Bank
06/09/2018The 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.
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Business & Economy
Rwanda’s Kagame endorses Chinese investment in Africa
06/09/2018African 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.
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Business & Economy
Global economy can reap $26trn by fighting climate change – Okonjo Iweala
06/09/2018A 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.
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Africa
South African recession is “transitional issue” – President Cyril Ramaphosa
06/09/2018South 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.
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Business & Economy
World Bank Vice President visits Algeria
06/09/2018World 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.
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Business & Economy
Africa Energy begins oil drilling in offshore Namibia
06/09/2018Africa 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.
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Business & Economy
Nigeria’s external debt rises by $11.77bn in 3yrs – DMO
05/09/2018Nigeria’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.
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