EUROPEAN Union leaders want to re-engage with African nations and counter the growing influence from China and Russia across the continent during a two-day summit in Brussels. The EU-African Union gathering starting Thursday was initially planned for 2020 but was…
THE Federal Executive Council has approved $2.8million for the procurement of rolling stocks operational maintenance equipment for Ibadan to Kano standard gauge and Port Harcourt to Maiduguri narrow gauge railway projects. Minister of Transportation, Rotimi Amaechi, made the disclosure when…
EU leaders and AU member states will meet in Brussels for the sixth EU-AU Summit on February 17 and 18, the European regional bloc said on Monday. The summit will present an opportunity to lay the foundations for a renewed…
THE European Union (EU) plans to invest 820 million euros to support Nigeria’s digital economy over the next three years, a top EU official said on Monday. The amount includes 660 million euros worth of loans and 160 million euros…
ASOUTH African startup that’s building software infrastructure for the continent’s growing fintech sector has raised $21 million in a round led by New York’s Spruce House Partnership. Other new investors in Cape Town-based Stitch include PayPal Ventures, TrueLayer and Village Global. The…
UGANDA withdrew from a two-year extension of the International Coffee Agreement as Africa’s top exporter of the beans lobbies to get funding support for farmers. The International Coffee Organisation’s 2007 agreement must help offset the challenges faced by producers, including…
FIVE key African economies will face debt risks over the next two years, according to the continent’s biggest bank, as an era of extraordinary pandemic-induced stimulus and relief for poor nations draws to an end. ‘Debt sustainability now requires sharper…
THE African Union Commission (AUC) will soon benefit from an $11.48 million grant from the African Development Fund to strengthen its governance and provide it with institutional support. Approval for the grant, from the Fund’s regional public goods window, came…
THE African Continental Free Trade Area (AfCFTA) is expected to increase intra-African trade in transport services by nearly 50 percent, according to the latest estimate by the UN Economic Commission for Africa (UNECA). The UNECA, noting that Africa’s transport sector…
THE African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14.2 million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system. Funding for the Support for Digitalisation, Financial Inclusion…
