Africa’s gas ambitions rise, but Future uncertain as experts discuss challenges in shifting energy landscape
Post AMUGE
October 9, 2024
Business a.m. To succeed in the highly competitive international gas market, Africa must ensure that it provides a compelling value proposition to its stakeholders, according to experts in the energy sector. The continent’s gas investment proposition, they argue, must be relevant, future-proof, and in line with both financial and environmental sustainability needs, if it is […]
IFC invests in Equator Africa Fund I to support African climate sector tech businesses
Post AMUGEOctober 4, 2024
Busayo Samuel International Finance Corporation ( IFC) has announced an investment in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting businesses and innovation in the climate sector. Equator Africa is backing early-stage, tech-enabled companies in sub-Saharan Africa, including those working on green solutions in the energy, […]
GABI pushes to strengthen Africa’s role in shaping global business solutions
Post AMUGESeptember 10, 2024
Onome Amuge The Global Africa Business Initiative (GABI), a leading organisation championing the economic interests of the African continent, has announced its plans to convene a high-level gathering of government officials, business leaders, and industry experts in New York City from September 25-26,, 2024. The event, announced at a virtual press briefing, aims to forge […]
ARDA moves to harmonise fuel specifications for African refiners
Post AMUGEAugust 19, 2024
Anibor Kragha, executive secretary, African Refiners and Distributors Association (ARDA) Refineries upgrade is key, with $15.7bn as of 2021 Nigeria, West Central Africa require $6.28bn to upgrade 12 refineries North Africa with 17 refineries, needs $5.95bn vs ESA’s $3.42 for 7 refineries Ben Eguzozie Africa’s petroleum industry is witnessing downstream expansion. This stems […]
Nigeria misses top 5 cut in Africa’s investment attractiveness rankings
Post AMUGEAugust 6, 2024
Seychelles, Mauritius, Egypt, South Africa and Morocco earn top spots Onome Amuge Nigeria, despite its substantial economic might, has failed to secure a top-five spot among Africa’s most attractive investment destinations. In contrast, the small island nations of Seychelles and Mauritius have emerged as the first and second most attractive investment destinations on the continent, […]
Nigeria taps AfCFTA Guided Trade Initiative to fuel economic growth, continental leadership
Post AMUGEJuly 19, 2024
Business a.m. Doris Uzoka-Anite, minister of industry, trade, and investment; George Akume, secretary to the government of the federation; and Olusegun Awolowo, national coordinator, Nigeria AfCFTA Coordination Office, during the Guided Trade Initiative launch in Apapa,Lagos, recently. Nigeria has embarked on a historic endeavour with the launch of the Guided Trade Initiative (GTI) under the […]
Nigeria targets $50bn economic upswing with AfCFTA trade debut
Post AMUGEJuly 17, 2024
Onome Amuge Nigeria has officially commenced trade under the African Continental Free Trade Area (AfCFTA) agreement, reaffirming its dedication to maximising the potential benefits of the agreement for both small and large Nigerian businesses. With a projected $50 billion in benefits, the Nigerian government sees the AfCFTA as an opportunity to tap into the African […]
Nigeria embarks on preferential trade under AfCFTA guided trade initiative
Post AMUGEJuly 15, 2024
Business a.m. The Nigerian government, in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, is set to launch the Preferential Trade under the AfCFTA Guided Trade Initiative (GTI) on July 16, 2024 at Apapa Port in Lagos. A statement signed by Olusegun Olutayo, senior trade policy and law expert and lead, trade enablement, […]
APRA advocates prioritisation of citizen interests amid Kenyan crisis
Post AMUGEJune 27, 2024
Business a.m. The African Public Relations Association (APRA) has issued a call to the Kenyan government, urging them to prioritise the well-being and best interests of their citizens. This statement was made in response to the widespread protests that erupted after the passage of the controversial Finance Bill 2024. In a statement issued by Ominiyi […]
Africa’s domestic sources hold $100bn financing, says Mo Ibrahim Foundation
Post AMUGEJune 24, 2024
Onome Amuge Africa’s untapped financial potential, hidden in the cracks of mismanaged or underutilised domestic resources, could yield an annual windfall worth $100 billion, eclipsing both the $81 billion in Official Development Assistance (ODA) and $97 billion in remittances received by Africa each year, according to a report by the Mo Ibrahim Foundation. The report, […]