Friday, February 22, 2019
The former minister of aviation, Babatunde Omotoba, has revealed that the current infrastructure in the power sector was incapable of transmitting more than 4000 megawatts adding that Nigeria cannot generate 7000 megawatts. He stated this in Abuja yesterday at the...
ENGIE Africa expands its footprint in West Africa by acquiring two companies, namely Afric Power and Tieri, specialising in energy services in the region. The energy solutions provider noted that the companies based in Côte d’Ivoire, Burkina Faso, Mali...
(Ecofin Agency) - CDC Investment, the British institution for development financing, announced in a statement, it has signed a cooperation framework-agreement with China-Africa Development Fund (CAD Fund), a Chinese investment fund focused on Africa. The agreement aims to strengthen relations...
Nigeria has enjoyed strong economic growth rates in the last two decades, benefiting from rising oil prices and expansion of non-oil sectors. The plunge in oil prices in 2014 induced fiscal pressures and foreign currency shortages, and spilled over...
In a bid to encourage cryptocurrency and blockchain adoption in Egypt, the National Bank of Egypt (NBE) announced that it has joined the R3 Blockchain Consortium on April 22, 2018. R3 is a software enterprise firm that is working closely with...
The deals market in Africa will be slower this year than in 2017, but the region’s financial services sector is on the rise and looking to invest in technology, according to a new report. Mergers and acquisitions (M&A) across financial...
On Tuesday 28 November 2017, for the first time since the creation of Bitcoin in 2008, the cryptocurrency surpassed the USD $10 000 mark and it shows no signs of slowing down as it continues to climb towards $11...
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa. This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA. The...
With the US and China slapping tariffs on each other and agreements like NAFTA being revised, free trade isn’t likely to emerge unscathed. Africa, however, is bucking the trend with its African Continental Free Trade Area (AfCFTA). Last month, forty-four African heads...
The Minister of Finance, Mrs Kemi Adeosun says Nigeria has raised three billion dollars at the international capital market. She made this known in a statement issued by Mr Oluyinka Akintunde, the Special Adviser, Media and Communications on Wednesday in...
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