Africa

By Emmanuella Anokam Abuja, Aug. 16, 2023 The Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter and term sheet for an emergency three billion dollars crude oil repayment loan. The signing took place on Wednesday in the bank’s headquarters in Cairo, Egypt, according …

The hurriedly declared resolution of the Economic Community of West African States (ECOWAS) to deploy troops to restore democracy and reinstate the ousted President Mohamed Bazoum of Niger Republic, after the military takeover of power on the 26th of July, might have been influenced by the need to avoid foreign …

By Jessica Dogo Abuja, Aug. 15, 2023 Tezza Academy, Nigeria and Accra Institute of Technology (AIT) Ghana are set to partner in order to foster knowledge in Information Technology (IT). Ms. Oluwatomi Etta, Communication Specialist, Tezza Academy, said this in a statement on Tuesday in Abuja. Etta said that the …

Nairobi, Aug. 15, 2023 Kenya’s energy regulator announced that the country had reinstated a small subsidy to stabilise retail fuel prices for the next 30 days. The regulator, known as EPRA, announced late on Monday, a reversal of government policy following public anger over the high cost of living. In …

Niamey, Aug. 14, 2023 Niger’s new rulers want to charge ousted President, Mohamed Bazoum with high treason, a spokesman for the junta said on national radio. The spokesman said Bazoum and his other “accomplices” would have to stand trial. Bazoum was removed from office by a military junta in a …

Monday, 14 August, 2023 The Jerusalem Post is arguably Israel’s most-read English news website and best-selling English newspaper. Last Wednesday, it published an interesting report of what it described as a “nature drama” involving a large black snake in the town of Shoham, halfway between Jerusalem and Tel Aviv. The …

The Arewa Economic Forum (AED) has declared that the financial loss occasioned by the closure of the Nigerien border with Nigeria is 13 billion naira on a weekly basis. The forum in a press conference in Abuja on Sunday also lamented that Northern Nigerian businessmen have over 2000 containers of …

Mr. Peter Obi, the Presidential Candidate of the Labour Party (LP) in the February 25, 2023 election has called for diplomatic dialogue as the best way to resolve the festering Niger Republic crisis. This is against the backdrop of the deployment of Economic Community of West African States (ECOWAS) standby …

Realpolitik and commonsense have long validated the nexus between domestic strength and foreign policy actions. Yet, presumable statesmen frequently fall prey and segue into quagmires by assuming that forays into intractable foreign policy realms will validate their bona fides or redress and strengthen their domestic weaknesses. Some leaders also assume …

The partnership with eLearnAfrica brings, immersion, flexibility and convenience JOHANNESBURG, South Africa, August 10, 2023/ Recognised as one of the leading business schools for its focus on sustainability and ethical leadership, Rhodes Business School (www.RU.ac.za/BusinessSchool/) has entered into a partnership with eLearnAfrica to develop a Virtual Learning Environment (VLE), to …

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) Secretariat for the development of the SMARTAfCFTA Portal, for trade promotion within the African continent. The SMARTAfCFTA Portal, which has the capacity to provide information like trade indicators, market trends, custom tariffs, …

African Champions South Africa have qualified for their first ever knockout round at a FIFA Women’s World Cup with a 3-2 win over Italy on Wednesday August 2. The Desire Ellis trained South African ladies required victory against Italy to progress to the knockout round but the Europeans would have …

Paris, Aug . 1, 2023  France has begun evacuating its citizens from Niger following last week’s military coup, with the first plane transporting more than 260 people from the capital Niamey, said a top French official. French Foreign Minister Catherine Colonna said on social media on Tuesday evening that twelve …

Niger Republic is Nigeria’s next-door neighbour. She is not the best neighbour Nigeria would desire but, as a sovereign nation, we have no control over her. Her economic statistics, population demographics, poverty and security threats – terrorism, insurgency, and inter-communal conflicts – are too much baggage for a neighbour any …

   We will continue to prioritise safety – Jamoh The Nigerian Maritime Administration and Safety Agency, NIMASA working with officials of Total Energies EP Nigeria limited rescued occupants of a distressed fishing vessel belonging to a national of the São Tomé Príncipe, which was adrift in the ocean for 11 …

Monday, 31 July, 2023 Six contiguous states across Africa, from Guinea on the Atlantic Ocean to Sudan on the Red Sea, have suffered eight military coups since 2020. The United States Institute for Peace (USIP) noted and wrote the above in relation to last week’s coup in Niger Republic. It …

Niamey/Abuja, July 30, 2023 Niger’s military leaders have warned against any armed intervention in the country as West African leaders are set to gather in Nigeria’s capital on Sunday for an emergency summit to decide on further actions to pressure the army to restore constitutional order. Heads of state of …

Avanti holds position as sub-Saharan Africa’s leading capacity partner for the second year running JOHANNESBURG  Avanti Communications (“Avanti”) has been named the market-leading high-throughput satellite capacity partner in sub-Saharan Africa for the second year running. The results, from the 20th edition of the NSR Satellite Capacity Supply & Demand Analysis reports that …

Gwen Mwaba, Director & Global Head of Trade Finance at Afreximbank has confirmed her participation at Angola Oil & Gas (AOG) 2023, where she will speak about financing opportunities within Angola’s energy sector LUANDA, Angola, July 25, 2023 Gwen Mwaba, Director & Global Head, Trade Finance at the supranational multilateral …

THE KOLE OMOTOSO INTERVIEW: In this interview with FESTUS ADEDAYO, held in his Oda Road forest-like home in Akure, with no electricity and no neighbour, Bankole Ajibabi Omotoso, writer and professor, also known as Kole Omotoso and in South Africa as the “Yebo Gogo man,” due principally to the advertorials …

July 23, 2023 In 2018 when news sieved in that that constellation of emeriti, Prof Bankole Ajibabi Omotoso, had crept into Akure, Ondo State, our association, Ooye Development Initiative, (ODI) bated him like mousetrap does mice. Was Akure big enough to contain that hippopotamus-statured literary giant? I wondered. I, perhaps, …

Accra, 10 July 2023:  The African Export-Import Bank’s (Afreximbank), 2023 edition of the African Trade Report (ATR2023) was launched at the Bank’s Annual Meeting – AAM2023 and 30th Anniversary celebrations in Accra, Ghana.Launching the ATR2023 along with HE Ambassador Albert Muchanga, the African Union Commissioner for Economic Development, Trade, Industry and …

By Kadiri Abdulrahman Abuja, July 18, 2023 The Central Bank of Nigeria (CBN), and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding (MoU) to establish a Nigeria – Egypt Fintech Bridge. According to a statement obtained from the website of the CBN, the MoU was signed …

By Ismail Abdulaziz Abuja, July 16, 2023 African Heads of State and Government have declared their commitment to advancing integration, development and cooperation within the continent. Mr. Dele Alake, Special Adviser on Special Duties, Communications and Strategy, made this known in a statement on Sunday in Abuja. The leaders, representing …

  ACCRA: The African Export-Import Bank (Afreximbank) and Ghana Railway Company, the national railway operator of Ghana, have signed a project preparation facility Head of Terms agreement and Pre-Mandate Letter to finance the development and implementation of an integrated 299-kilometer (“km”) standard gauge railway network that connects Ghana’s western corridor …