Business Emerging Markets Features Headlines

ECOWAS, EU, FAO join forces to boost fishery production across West Africa

The Economic Community of West African States (ECOWAS) has teamed up with the European Union and the Food and Agriculture Organisation (FAO) with the aim to boost fishery production across the West Africa region. The ECOWAS has recently convened more than 100 experts in a meeting tagged ‘Improved Regional Fisheries Governance in Western Africa (PESCAO)’ […]

Business Features Finance Headlines

World Bank calls for further lowering of remittance costs to Sub-Saharan Africa

The World Bank and industry stakeholders have called for the lowering of the cost of sending remittances from the African diaspora to their home countries, as the money sent home is crucial in supporting household expenses in many developing countries. Sub-Saharan Africa remains the region most affected by the global crisis, but remittance inflows from […]

Africa International

Nigeria to start national census May 3rd

Nigeria will conduct, as of May 3rd, the national population census, the first in 17 years, a state official said Monday. Garba Abari, Head of the National Orientation Agency, said the process will take three days and will wrap up on May 5. “The census is very important because it brings together development, planning, security, […]

Africa Business Emerging Markets Features Headlines International

China’s investment in Tanzania soars, as trade relationship with Nigeria takes dip

China’s investment in Tanzania has hit a record $1.8 billion since President Xi Jinping’s visit in the East African country 10 years ago, while bilateral trade between China and Nigeria has taken dip by about a third in 2022 compared to 2021. China’s direct investment stock in Tanzania is 2.5 times that of 2012, according […]

Business Finance

African govts seek robust crypto regulation, market stability

Home to the second most crypto-currency holders in the world, Africa is in urgent need for greater consumer protection and regulation of the crypto industry, experts say, which has been highlighted by the collapse of the world’s third largest crypto exchange FTX and subsequent plunge in the prices of major crypto assets, most notably Bitcoin. […]

Energy Features Headlines

Africa’s palm oil sector to see prices falling in 2023 as output rises

Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa. The global palm oil market size reached US$53.1bn in 2022 and looking forward, the market is expected to reach US$67.6bn by 2028, exhibiting a […]

Africa International

Nigeria: Two main opposition leaders challenge presidential election results, file court petition

Nigeria’s two main opposition leaders — Labor Party’s Peter Obi and Atiku Abubakar from People’s Democratic Party (PDP) — on Tuesday March21 filed court petitions seeking to invalidate results of last month’s disputed presidential election that was won by the ruling party. Both opposition leaders said in separate affidavits the election was fraught with irregularities […]

Africa Headlines International

Citizens in four corners of Africa are protesting against government policies

Citizens in the four cardinal points of Africa — Kenya, Nigeria, South Africa, and Tunisia — have in recent weeks hit the streets over economic woes and political strife in their respective countries. Led by opposition leaders, angry people in Kenya in the east, Nigeria in the west, South Africa in the south, and Tunisia […]

Africa Emerging Markets Finance Headlines International

Nigeria launches $672mil tech fund to cushion its start-ups after US bank collapse

The closure of three key banks in the United States has taught Nigeria tough lessons, prompting Africa’s biggest economy to launch a $672 million fund to support its tech startups. Nigeria wants to cushion its startups against the kind of situation that Chipper Cash, a victim of the fall of SVB and the bankruptcy of […]

Africa Community International

Human rights groups call on Nigerian govt to end sectarian violence

Amnesty International and other human rights groups have condemned the recent attacks in northern Nigeria that left at least 35 people killed and called on the country’s authorities to end the sectarian violence. At least 366 people were killed in southern Kaduna state in northern Nigeria, between January and July of 2020, Amnesty International (AI) […]