By Adegboyega Oyedijo There is no doubt that globalisation has benefited Africa greatly. This includes job creation, innovation, increased productivity and foreign direct investment. But global value chains are shifting in the wake of the COVID pandemic and Russia’s ongoing invasion of Ukraine. These changes are informed by the decisions of various companies to shift or move their manufacturing…
In the early 1700s, Great Britain reached a new milestone. After its people had invested plenty of research and resources into food production, their agricultural revolution resulted in a food surplus. As a result, the Brits needed to find innovative ways to process their swelling harvest. At the same time, Britain had massive supplies of cheap coal. And since there was…
600 years after an African made international headlines in business nothing has been arousing in indigenous African business circles worth catching the attention of business big shots. Mansa Musa’s business heroics caught the attention of the world with his $400b gold fortune and made him the talk of the world in the 14th century. Indeed in a business environment…
Stallion Nissan Motors Nigeria Ltd has promised to start assembling no fewer than 500 units of the pickup in the country to ensure accessibility at an affordable price. Stallion Nissan Motors Nigeria Ltd is the Nissan’s exclusive manufacturer and product distributor in Nigeria. It has recently launched Nissan Navara into the Nigerian market. Addressing journalists at the launch, the…
The 650,000bpd Dangote Petroleum Refinery, is expected to bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Nigeria is the largest oil and gas producer in Africa. Nigeria’s economy and budget has been largely supported from income and revenues generated from the petroleum industry since 1960 and statistics as of February 2021…
Dangote oil refinery The conversation around local refining in Nigeria is as old as the existing refineries offering little or no succor to the country. Nigeria’s four refineries, with a name-plate capacity of refining 445,000bpd of crude, were set up almost 30 years ago. Today, the refineries are a drain on taxpayers. Notwithstanding efforts to rehabilitate them, Nigerians appeared to…
Taking place on the 16th of December, the awards aim to celebrate achievements made by companies and individuals in west Africa’s energy space DAKAR, Senegal, Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce the launch of an award ceremony at the first-ever MSGBC Oil, Gas & Power 2021 (https://bit.ly/3dSCodc) conference and exhibition. Taking place on the evening…
Ministers and executives from across Africa’s energy industry emphasize that, ‘Africa is open for business’ as the future of the industry looks bright for foreign collaboration and innovation HOUSTON, United States of America, After a strong opening to the US-Africa Energy Forum, ministers and executives dove into the age-old investment proposition, ‘Why Africa and why now?’ If one thing…
The US-Africa Energy Forum just opened in Texas with opening statements focusing on the importance of fostering relationships between the United States and the African continent HOUSTON, United States of America, The US-Africa Energy Forum is off to a strong start at the C. Baldwin Hotel in downtown Houston, Texas. Jude Kearney (Chair of the US-Africa Committee, African Energy…
The project aims to improve the business environment by removing specific bottlenecks that hinder private sector-led growth ABIDJAN, Ivory Coast, October 11, 2021/ — The Board of Directors of the African Development Fund approved on Wednesday in Abidjan, a grant of US $ 10.7 million to São Tomé and Príncipe for the implementation of the first phase of…
Mr ZABRON MBWAGA is the overall winner, the Citi Microentrepreneurship Awards 2017/8 (Tanzania). About 16 entrepreneurs and one loan officer, have won Citi Micro-Entrepreneurship Awards for 2017/8 funded by Citi Foundation, as announced by Tanzania Association of Microfinance Institutions(TAMFI). The Program in Tanzania is conducted by TAMFI. Winners were named and rewarded last Friday in a colourful event attended…
On a sector basis, the financial services sector continued to dominate the African IPO market during 2016 with 45% of total value and 55% of total volume, followed by consumer goods and industrials with a total value of 31% and 13% respectively JOHANNESBURG, South Africa, February 16, 2017/ — 2016 marked a challenging year for African equity markets in…
United Cities and Local Governments-Africa (UCLG–A) announces the winners of the first ever “African Mayor Awards” in Luanda, Angola LUANDA, Angola, May 5, 2015/— The winners of the inaugural 2015 “José Eduardo dos Santos African Mayor Awards” were announced last week during a gala dinner in Luanda, Angola. These awards acknowledge the leadership and contribution made by Mayors of large,…