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Nigeria Agenda 2050: changing playing field of resource sector

The past few days have been full of news for Nigeria’s resources sector: It was announced that Nigeria Agenda 2050 requires approximately $100 billion, with 80% expected from the private sector; Shell is set to divest its Nigerian onshore oil and gas subsidiary for $1.3 billion; and the West African country will see the launch […]

Singapore strengthens economic ties with Africa, aims to become continent’s gateway to Asia

The number of Singaporean companies doing business in Africa has soared from only 60 in 2018 to more than 155 companies today, which demonstrates that the wealthy city-state increasingly views Africa as a very important market that should not to be ignored. In a sign of this deepening connection, Singaporean Prime Minister Lee Hsien Loong […]

Burkina Faso, Mali, Niger introduce 0.5% import tax to fund AES activities

Burkina Faso, Mali, and Niger have introduced a 0.5% tariff on goods imported from third countries, a move aimed at financing their activities within the Alliance of Sahel States (AES). This new tax, named the “AES confederal levy,” will apply to products entering the three countries but will exclude goods from other AES members, as […]