Danger if Africa doesn’t fix policy issues – Songwe

The Economic Commission for Africa’s Executive Secretary, Vera Songwe has warned about a demographic trap for African countries if appropriate policy measures are not put in place to help manage demographic bulge. Ms. Songwe made the statement during a special, historic event hosted by the ECA, in which Christine Lagarde, Managing Director of the International […]

Access Bank targets more biz opps in West Africa

Nigeria’s Access Bank plans to grow its trade payment and settlement service over the next five years as foreign lenders faced with increased regulation at home cut their correspondent banking exposure to West Africa. So-called correspondent banking operations boomed over the last decade as commodity prices spiked and offshore lenders looking to tap into trade […]

Connect Nigeria SME-eBusiness Fair 2018: Register Now!

On the 3rd of February 2018, Connect Nigeria will again be hosting its SME-eBusiness fair. This annual event, which is the largest gathering of micro, small and medium scale enterprises on the African continent, will take place at Eko Hotel, Victoria Island, Lagos. The SME-eBusiness fair presents entrepreneurs with a unique opportunity to learn the skills […]

Africa: Crazy idea leads to ability durum

  A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for one million farming families, and therefore winning the 2017 Olam Prize for Innovation in Food Security. The genome fingerprinting research project led by Dr Filippo Bassi of […]

African markets factors for Nov 6, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian shares stepped away from recent decade highs on Monday while the U.S. dollar staged a broad-based rally and oil jumped to a more than two-year peak […]

USAID bolsters Sub-Saharan Africa’s off-grid energy sector with $6.3 million

The United States Agency for International Development (USAID) will advance off-grid energy solutions in sub-Saharan Africa through several new awards announced at the Unlocking Solar Capital: Africa Conference in Abidjan, Côte d’Ivoire. The awards provide capital to companies engaged in household solar-systems and micro-grids to expand operations, scale innovations, test new business models, and finance […]

Grow Africa’s economy: Fifty women speak digital platform

Online platforms can dramatically change the digital economy and bring enormous benefits in today’s digital society. They play a prominent role in the creation of ‘digital value’ that underpins future economic growth and as such are of major importance to the effective functioning of the digital market. Globally, online platforms come in various shapes and […]

African telecoms to abolish roaming rates

Phone calls across African borders could become cheaper, as ministers have discussed making an agreement to scrap roaming charges reports The East African. This emerged from a meeting of the Common Market for Eastern and Southern Africa (comesa), which has been taking place in Lusaka, Zambia, it adds. Ecowas, which is a group of 15 West […]

Vacancy: IT job @ Tezza Business Solutions

Tech Jobs in Nigeria Industry ICT / Telecommunications Job Type Full Time Experience 3 year(s) Qualification NCE, HND Location Lagos Tezza Business Solutions Limited, is a leading Software Quality Assurance and Testing multinational with a regional office in Lagos, Nigeria. We are a Software Quality Assurance and Testing Services provider. Our primary goal is to be the “go to” Quality Assurance […]

MainOne wants local internet traffic for Africa

West Africa’s provider of connectivity and data center solutions, MainOne has reiterated the importance of Internet traffic domiciliation as a key requirement for growing the internet ecosystem in Africa. Speaking at the African Peering and Interconnection Forum (AfPIF), MainOne’s Chief Executive Officer, Funke Opeke challenged the continent’s leading Internet players to exchange traffic on the […]

Factors driving African markets August 29

Here are the factors, deals and decisions that will shape African markets for August 29, 2017… GLOBAL MARKETS U.S. stock futures and Asian share markets tumbled on Tuesday, while the yen jumped to four-month highs against the dollar after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and […]

Artel building the highest availability and lowest packet loss network in Africa

Artel, LLC says it is building the highest availability and lowest packet loss network in Africa.  For almost a decade, Artel has operated a rapidly expanding, highly reliable, resilient network throughout the Middle East and South Central Asia. Given its success in that region, Artel is now building a similar network spanning 43 countries across Sub-Saharan Africa.  […]

Ocean Islands/ East Africa combine to tackle illegal fishing

Countries from the Indian Ocean Islands and East Africa have come together to develop strategies to tackle illegal fishing and increase accountability in fisheries practices. For two days, representatives from the fishing industry, civil society, governments and fishing administrations from Seychelles, Mauritius, Comoros, Madagascar, Tanzania, Kenya and Mozambique, met on Mahe Island, Seychelles, to discuss […]

Nigerians make a city in South Africa their own

  The chairman of the Nigeria Union in the North West Province of South Africa, Chacaodili Nwanedo, has revealed that no fewer than 200 small businesses in the area are owned by Nigerians. Nwanedo made his comments in Rustenberg South Africa on Tuesday July 11, while speaking with the News Agency of Nigeria (NAN). He […]

Ghana leads Nigeria in aviation business

Ghana appears to be leading in the race for the aviation hub in the West African region, despite Nigeria’s comparative advantage.Whereas both West African neighbours currently parade the “ease of doing business” initiatives of their governments, Ghana is making more progress with specific policies that are attracting more international airlines to Kotoka International Airport in […]

ADS-B signs deal with ASECNA to deploy space-based surveillance tech

American based Aireon that operates a space-based Automatic Dependent Surveillance Broadcast (ADS-B) to enable global air traffic surveillance, has signed a data services agreement with the Agency for Aerial Navigation Safety in Africa and Madagascar (ASECNA). ASECNA, created in December 1959 is an international public organization of 18 members States which headquarters is located in […]

Nigeria partners EFTA on increased trade and investment flows

Nigeria has signed a joint declaration on Economic Cooperation with the European Free Trade Association (EFTA) in Buenos Aires, Argentina, on the sidelines of the World Trade Organisation (WTO) 11th Ministerial Conference. It also represented Africa at the Ministerial Conference through its position as Vice-Chair of the conference. Meanwhile, members of the Friends of Investment Facilitation […]

Heineken opens new branch in Mozambique

Heineken today laid the foundation stone of its first brewery in Mozambique in the presence of His Excellency Mr. Max Tonela, Minister of Trade and Industry. This new brewery, incorporating the latest technologies, represents a $100 million (€85 million) investment. Located in the province of Maputo, between the Marracuene and Manhiça districts, the brewery will […]

Dangote and economic development industrial projects

The Dangote Group of Nigeria, one of the pre-eminent industrial conglomerates in Africa, in pursuit of its pan-African development and emancipation strategy, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville. With this $300 million dollars, 1.5 million metric tonne per annum plant, the […]

NNPC reaches 539km of Gas Pipeline projects in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has so far completed, commissioned and delivered 500km of gas pipelines between 2010 to date as part of an aggressive expansion of gas pipeline infrastructure across the country. Group Managing Director of the NNPC, Dr. Maikanti Baru, stated this on Tuesday in Abuja at the 2017 Conference and Annual […]

Diamond Bank Q3 2017 financial scorecard looks very good

Diamond Bank has handed in its Q3 2017 financial scorecard on the floor of the Nigerian Stock Exchange (NSE), displaying moderate growth in key financial parameters despite the lull trailing economic activity after the country exited recession. For the nine months business period, the Bank’s gross earnings jumped by 11 percent year-on-year to N168.4 billion […]

Diamond Bank Nigeria wants to focus more on Nigeria

This no longer time to spread out to other African markets. It’s time for those companies that understand that Nigeria’s market is the best to come back home. Nigeria’s Diamond Bank is quitting other West African markets to focus efforts at home and deploy its resources on personal banking business in Africa’s biggest economy, it […]

VES enters screening partnership with Filmhouse Cinemas Nigeria

Cinema management software for the global motion picture market and founder of the Vista Group International Vista Entertainment Solutions has signed an agreement with Filmhouse Cinemas in Nigeria. Under the terms of the agreement, Filmhouse Cinemas will launch the Vista Cinema Software on all ten 43-screen cinema sites throughout Nigeria. The project will start immediately and […]

Mercer SA to assist EZ37 Solutions in Nigeria

Mercer South Africa (Consulting) (Pty) Ltd has entered into a strategic partnership agreement with EZ37 Solutions Limited, a Nigeria based Human Resources firm. Under the terms of the agreement, global human resources consultancy Mercer, will utilize the deep knowledge of the local Nigerian market and the wide relationships already in place to grow their local […]

INTTRA, IACC announce new partnership for electronic booking

INTTRA, the ocean container shipping industry’s neutral network, and Transmar Corporation, a wholly-owned subsidiary of IACC Holdings and a leading carrier, have announced a new relationship for electronic booking and shipping instructions processing in East Coast of Africa, the Middle East and Red Sea, Arabian Gulf and. Transmar customers may now send their booking and […]

GE wants to boost healthcare in Northern Nigeria

The Northern States Governors Forum (NSGF) has selected GE Healthcare, a global provider of transformational medical technologies and services, as a long-term partner to revitalize healthcare infrastructure in the Northern States, with the signing of a one-of-a-kind strategic partnership agreement in Abuja Under the framework agreement, designed to bring GE’s global capabilities in improving health […]