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 […]

Why marketers can’t sell petrol for 145 naira

Petrol marketers in the country have told the government for the umpteenth time that they can no longer sell petrol at N145 a litre. The marketers under the aegies of Depot and Petroleum Marketers Association of Nigeria (DAPMAN) made their decision known to the government at a meeting with top officials at the presidential villa […]

Research: Can too much sex harm you?

You can never have too much of a good thing, right? I used to think that when it came to sex. What harm is there in luxuriating in a lot of loving? Then I learned that an overly zealous sexfest can indeed have you walking more than a little funny. Fascinated, I looked into the […]

African market factors Dec. 28, 2017

GLOBAL MARKETS Asian shares rose to a one-month high on Thursday and were on track for their best annual performance since 2009, while commodity-driven currencies were buoyed by a strong copper, which held near a four-year peak. WORLD OIL PRICES Oil prices were stable on Thursday with trading activity drying up ahead of the New […]

Renewal Dispute: Benin withdraws Globacom’s license

Benin’s telecommunications regulator has withdrawn the operating licence of Nigerian mobile telecoms company Globacom’s local unit in a dispute over new terms, according to a document seen on Tuesday. The regulator, ARCEP-Benin, said that it took the decision after negotiations with Glo Mobile Benin to renew its licence broke down earlier this month after the […]

How Nigerians run slave camps in Libya -Reuters

The new slave trade-human trafficking in Libya is being carried out by many nationalities, including Nigerians and Ghanaians, according to a Cameroonian returnee, who was abducted in the country. Foka Fotsi, who was trafficked twice, told Reuters that those in charge of one of the places where he was held included Ghanaians and Nigerians. Fotsi story […]

CAR joins Afreximbank community (Countries on Afreximbank list)

The number of African countries represented on the African Export-Import Bank (Afreximbank) as participating states and/or shareholders has risen to 49 with the presentation of an Instrument of Accession to the Bank by the Central African Republic in Bangui. The presentation of the instrument took place during a visit to President Faustin-Archange Touadéra of Central […]

Factors to watch African markets Nov. 10

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – EVENTS: *Rwanda to release its consumer inflation data for October. GLOBAL MARKETS Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan […]

African markets factors Nov 9, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *KENYA – The central bank to auction 91-day, 182-day and 364-day Treasury bills worth a total 24 billion shillings ($232 million). GLOBAL MARKETS Asia stocks hovered near a […]

African markets factors November 7

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian shares rallied to their highest in a decade on Tuesday, while oil prices gave up some of their gains having previously surged to a more than […]

African market’s main factors Nov. 3, 2017

<link href=”http://af.reuters.com/article/africaTech/idAFL8N1N90H5″ rel=”canonical” />   The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – GLOBAL MARKETS Asian shares took a breather on Friday as investors gave a guarded reception to Republican plans for massive U.S. tax cuts, while […]

African markets important factors Nov.2, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Asian shares touched a 10-year high on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike […]

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 […]

African markets factors Oct. 30, 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 climbed on Monday, as technology stocks were bolstered by solid earnings from U.S. tech stalwarts and on strong pre-orders for Apple’s iPhone X, while oil […]

Factors to watch African markets Oct. 27, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – GLOBAL MARKETS Asian shares gained on Friday as technology shares were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near three-month low against the dollar […]

African markets dominating factors Oct. 19, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of […]

African markets factors Oct.16

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – EVENTS: KENYA – The main opposition coalition plans to hold demonstrations calling for electoral reforms. LIBERIA – Expecting final results for the first round of the presidential election. GLOBAL […]

Facebook/TechCrunch’s Startup Battlefield Africa 2017

Facebook has celebrated the achievements of a fast-growing community of African tech entrepreneurs and developers, at the first-ever TechCrunch Startup Battlefield in Africa, sponsored by Facebook. Alongside the event, the company also hosted a week of activities bringing together hot African startups, developers, influencers and community leaders – to share ideas, learn and connect. Putting […]

Why Britain rejected Nigerian yams

One  would think that Nigeria’s shot at new exporting drive is at a disadvantage as a new report claims Nigerian yams were rejected in Britain. According to the report, some yams arriving in Britain were being rejected. The issue is that they stayed so long en route and if they stay that long, they are […]

African Markets important updates Oct. 11, 2017

  EVENTS: * Ghana releases inflation figures. * World Bank releases update on African economies. GLOBAL MARKETS Asian shares jumped to the highest in a decade on Wednesday as Wall Street scaled all-time highs, while the dollar loitered around two-week lows on worries President Donald Trump’s tax plan could stall. WORLD OIL PRICES Oil prices […]

African markets factors to watch Sept 28

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *KENYA – The central bank to auction 91-day, 182-day and 364-day Treasury bills worth a total 24 billion shillings. GLOBAL MARKETS The dollar and U.S. bond yields rose […]

African markets factors to watch Sept. 27

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – EVENTS: *RWANDA – The central bank makes its latest decision on its benchmark repo rate. *GHANA – The statistics office to release data on second quarter 2017 gross domestic […]

Market factors Sept 25, 2017 (Worldwide)

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – EVENTS: *GHANA – The central bank to make its benchmark lending rate decision. *RWANDA – The statistics office to release second quarter 2017 gross domestic product figures. GLOBAL MARKETS […]