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Friday, November 27, 2020

FEC ratifies Nigeria’s membership of African Free Trade Zone

By Ismaila Chafe Abuja, Nov. 11, 2020 The Federal Executive Council ratified Nigeria’s membership of the African Continental Free Trade Area Agreement on Wednesday in Abuja. Minister of Information and Culture, Alhaji Lai Mohammed, made this known at the end of the weekly meeting of the...

Benedict Peters’ Bravura plans $1 billion Investment in Platinum Mine in Zimbabwe

Bravura may start constructing mine within 18 months Bravura Holdings Ltd., owned by Nigerian billionaire Benedict Peters, has $1 billion available for the development of a platinum mine in Zimbabwe, its country manager said. The 3,000 hectare (7,413-acre) concession where it plans to dig the mine...

Droughts, floods may undermine Africa’s economic progress -Afreximbank

By Folasade Akpan Abuja, Nov. 10, 2020 African Export–Import Bank (Afreximbank) says the increasing frequency of droughts and floods over the last two decades may undermine Africa’s economic progress. Prof. Benedict Oramah, President Afreximbank, said this in Cairo, Egypt, at an online seminar on scaling up...

AfDB develops 3-year project for revenue generation in extractive industry

By Temitope Ponle Abuja, Nov. 10, 2020 The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual inception workshop for...

Access to financial services deepens in low, middle income countries – IMF

By Folasade Akpan Abuja, Nov. 9, 2020 The International Monetary Fund (IMF) says access to and usage of financial services has deepened over time in low and middle-income economies. The fund said this in a statement issued on Monday in Washington D.C., adding that it...

World Bank releases guide for sovereign issuers to engage with investors

By Folasade Akpan Abuja, Nov. 9, 2020 The World Bank on Monday published a guide to help public debt managers improve their engagement with investors on Environmental, Social and Governance (ESG) topics. According to a statement issued by the World Bank in Washington D. C., the...

Mauritius wants to lease Diego Garcia Island to U.S.

Port Louis, Nov. 9, 2020 (PANA/Naija247news) Mauritian Prime Minister Pravind Jugnauth, on Sunday renewed Mauritius’ proposal for a long-term lease of Diego Garcia as a military base by the United States. In a message of congratulations to U.S. president-elect, Joe Biden, Mr Jugnauth said “such...

Ethiopian Airlines takes delivery of two A350-900 new Airbuses

Addis Ababa, Nov. 8, 2020 (PANA/Naija247news) While many airlines are down-sizing their operations due to the effects of the Covid-19 pandemic, Ethiopian Airlines is adding new aircraft and expanding businesses, according to officials of the state-owned enterprise. “This shows that Ethiopian Airlines is founded on...

Trade, coronavirus top agenda as Kenyatta meets Italian counterpart

Nairobi, Nov. 7, 2020 (PANA/Naija247news) Kenyan President Uhuru Kenyatta and his Italian counterpart, Sergio Mattarrela, met on Saturday in Rome and discussed bilateral trade, tourism and the fight against coronavirus. Kenyatta, on a four-day official visit to The Vatican, paid a courtesy call on Mattarrella...

Former UK PM, Tony Blair, to deliver 2020 Kofi Annan Eminent Speakers’ Lecture

Abidjan, Nov. 7, 2020 (PANA/Naija247news) Former British Prime Minister, Tony Blair, will deliver the 2020 Kofi Annan Eminent Speakers’ Lecture at a virtual event organized by the African Development Institute (ADI). Blair is also the Executive Chairman of the Institute for Global Change. The virtual lecture,...
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