Africa Business Emerging Markets Headlines International

Côte d’Ivoire, Nigeria to build super costal highway

Côte d’Ivoire and Nigeria have revived talks for a regional highway that will link the two countries, boosting the movement of people and goods. The project is being discussed at an ECOWAS summit dominated by political issues and divisions with landlocked states. Construction of the highway is expected to start in 2026 for a total […]

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German President visits Nigeria, focus on energy cooperation

German President Frank-Walter Steinmeier met with his Nigerian counterpart Bola Ahmed Tinubu in Abuja, the capital of Africa’s most populous country, on Wednesday, December 11, where he is on a two-day visit. Talks discussed partnership between the two countries, with focus on energy cooperation. “We have with Nigeria one of the longest energy partnerships that […]

Africa Comments Emerging Markets Headlines International

Inflation-hit Nigeria to criminalize corn exports to meet local needs

Nigeria’s senate plans to pass legislation to criminalize the export of corn amid concerns over hunger and rising staple prices in Africa’s most populous nation. Nigeria has been grappling with a worsening food inflation which surged to 39.16% in October this year. This inflation has been exacerbated by climate conditions, currency devaluation and the removal […]

Blogs Community Energy

COP29: Africa outraged by ‘insufficient’ $300bn climate change deal

African and other developing nations have rejected as “insufficient” a $300 billion deal on climate finance that was agreed by negotiators at the United Nations’s COP29 climate talks in Baku, Azerbaijan, to help developing nations adapt to climate change. Richer nations agreed to pay at least $300 billion annually until 2035 to help developing countries […]

Africa International

Nigerian security forces face major insurgent attack along power grid route

At least 50 Boko Haram insurgents were killed during an ambush on a Nigerian infrastructure security convoy, while seven officers from the Civil Defense Corps remain missing. The incident occurred during a routine patrol monitoring power grid installations, highlighting ongoing security challenges in the region. The attack, involving approximately 200 Boko Haram fighters, demonstrated the […]

Africa Finance Headlines International

Nigeria’s inflation nears 40% on back of higher food prices

Higher food prices triggered a surge in the inflation rate to 33.9% in Nigeria in October, up from 32.7% a month earlier, the national statistics agency said. The jump was attributed to a steep rise in the prices of staples such as maize, rice, and cooking oil, the agency said. In a bid to tame […]

Business Features Finance

Nigeria secures $134 million loan for agriculture

The Nigerian Government has secured a $134 million loan from the African Development Bank (AfDB) to strengthen its agricultural sector amid growing food insecurity concerns. This funding aims to increase seed and grain production and improve food security, according to a statement of the Agriculture ministry on November 14. A recent “Harmonized Framework” report, prepared […]

Africa Features Headlines International

Violence in Chad: 17 troops, 96 rebels killed in Boko Haram attack

At least 17 Chadian soldiers were killed in a weekend attack by Boko Haram militants on a military post that also left 96 of the attackers dead in the country’s west, according to Chadian army sources. The attack in the Lake Chad region, which has been plagued this year by frequent attacks from insurgents, happened […]

Business Emerging Markets Lifestyle Technology

Increasing mobile internet usage could add $795 billion to Africa’s GDP

Africa’s digital transformation is well underway, with mobile internet emerging as a significant catalyst for economic growth. A report by ‘The Economist Intelligence Unit’ estimates that expanded mobile internet use could contribute as much as $795 billion to the continent’s GDP. This opportunity aligns with the growing role of digital technology in Africa’s economic and […]

Africa Emerging Markets Energy Headlines International Morocco

Nigeria-Morocco gas pipeline in land acquisition stage

A gas pipeline that will connect Nigeria to Morocco has reached the land acquisition stage, the Nigerian National Petroleum Company Limited (NNCPL) said. Surveys are currently underway for Environmental and Social Impact Assessments of the project that will cost some 25 billion dollars and benefit 13 countries in West Africa. The update was given at […]