NEXIM, Afreximbank announce US$750,000 grant to chart Niger-Benue channel as part of ECOWAS Regional Sealink Project
BEN EGUZOZIE
May 31, 2021
Ben Eguzozie, in Port Harcourt The Nigeria Export-Import Bank (NEXIM) and African Export-Import Bank (Afreximbank) have announced a US$750,000 grant to support the charting of the main channel of the Niger-Benue River in Nigeria, as part of the Regional Sealink Project, which aims to bridge the gap in maritime transport infrastructure […]
Guinea, West African struggling nation, signs into Afreximbank’s FEDA
BEN EGUZOZIEMay 18, 2021
…With FEDA instrument, country can attract FDI Ben Eguzozie, in Port Harcourt The Republic of Guinea, West African and ECOWAS’s struggling nation, with a $12.3 billion GDP and a per capita income of $962.84 as of 2019, has signed into the African Export-Import Bank’s (Afreximbank) Fund for Export-Development in Africa (FEDA), a […]
AfDB Group completes clearance of Sudan’s $413 million arrears
BEN EGUZOZIEMay 13, 2021
…UK provided £148m bridge financing; Sweden $4.2m grant; Ireland €150,000 …Debt clearance by DFIs a precondition to Sudan’s HIPC debt relief from Paris Club …31 African countries under HIPC support of $76bn Ben Eguzozie, in Port Harcourt Following approval of the proposal by the Boards of Directors of the African Development […]
MTN, Vodafone Groups plan entrance into Ethiopia’s untapped telecoms markets
Online EditorApril 27, 2021
Charles Abuede Africa’s telecommunications giant, the MTN Group and a syndicate led by Vodafone Group Plc have tendered for operation licenses in Ethiopia as the wireless service providers prepare to tap the largest telecoms market in the world. Brook Taye, an adviser of the country’s finance ministry revealed on Monday that it will […]
AfDB board writes off Sudan’s $413m debt arrears as country, after 30-yr misrule, opening into global economic geopolitics
BEN EGUZOZIEApril 27, 2021
Ben Eguzozie, in Port Harcourt War-harried Sudan has had its debt arrears of $413 million owed the African Development Bank (AfDB) written off by the bank’s boards of directors, approving a proposal for clearance of the arrears on loans owed by the country messed up by its former brute leader, Omar al-Bashir. […]
Coca-Cola unveils plans to go public on the Johannesburg Stock Exchange
Charles AbuedeApril 22, 2021
Charles Abuede Coca-Cola Company and Coca-Cola Beverages Africa (CCBA), the 8th largest Coca-Cola bottling partner in the world by revenue, and the largest on the continent, has announced its intentions to list its African business as a publicly traded company on the Amsterdam and Johannesburg Stock Exchanges, with Amsterdam being the primary exchange. The […]
New payment digitization agenda for Africa launched
Wale AmeenApril 20, 2021
Report suggests direct correlation between workers payment digitization and increase in economic recovery African leaders advocate complete digitization of workers’ payment Wale Ameen Online Editor Digital payment for workers speeds up financial inclusion for the population, stimulates domestic production and boosts business competitiveness while increasing financial system liquidity. So says a new report […]
Africa’s export of primary commodities keeps it as enrichment source for economies that add value – SA trade minister
Online EditorApril 8, 2021
…Continent’s 2014 coffee export worth $6bn rather yielded $100bn abroad in final products after processing …Wants adoption of AAF SAP to transform continent than externally-imposed SAP …Warns of dire consequences if continent is left behind in 4th Industrial Revolution’s tech Ben Eguzozie, in Port Harcourt Rob Davies, former South African trade minister, […]
Kenya joins 27-year old Canada-Africa Chamber of Business
Wale AmeenMarch 30, 2021
Immense opportunities for Kenya as member of the trade organization Wale Ameen The East African country of Kenya has announced its membership of The Canada-Africa Chamber of Business as a full member of the organization. The 27-year-old organization has been committed to the acceleration of Canada and Africa trade and investment relationship […]
Ghana sustains 14.5% interest rate for sixth consecutive time
Zainab IwayemiMarch 23, 2021
Zainab Iwayemi The monetary policy committee, Ghana has again maintained a 14.5 percent interest rate, marking the sixth consecutive time since monitoring the impact of the new tax measure on inflation. This was contained in a statement released by the central bank of Ghana on Monday. According to the statement, the Bank of Ghana […]