NIGERIA and Equatorial Guinea have signed a landmark Memorandum of Understanding (MoU) at the fifth edition of the Nigeria International Energy Summit 2022. The MoU, which was signed by the two countries’ respective oil ministers, will see Nigeria supplying gas…
A 2022 research report published by Statista Global Business Cities has ranked Egypt’s Cairo as the top business city in Africa. The reports assess economically relevant cities from around the world based on the most relevant data for decisions at the…
THE World Bank predicts Tanzania’s economy to expand between 4.5 percent to 5.5 percent this year compared to 4.3 percent in 2021, as a rollback of coronavirus-related restrictions in many countries boosts tourism and trade, its country director said on…
UNITED States congressman, Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and chairman of the US House Foreign Affairs Committee was speaking…
THE Biden administration announced additional sanctions against Russia’s central bank on Monday, a move that effectively prohibits Americans from doing any business with the bank as well as freezes assets within the United States. The new measures will also target…
RUSSIAN President Vladimir Putin on Monday announced emergency measures intended to prop up the plunging ruble, including banning residents from transferring money abroad and forcing exporters to buy the currency. Sanctions imposed by the West over the weekend had an…
THE African Continental Free Trade Area (AfCFTA) agreement is gathering momentum on streamlining intra-African trade across the continent, thereby providing exciting opportunities for pandemic recovery and growth. Just over a year ago, on January 1 2021, trading began in African…
The strategy is in line with one of the African Development Bank’s High 5 strategic priorities, namely improving the quality of life for the people of Africa The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved…
THE UK government has announced more sanctions against Russia following the invasion of Ukraine. The government announced on Monday February 28, that it has banned any British entities from conducting transactions with the Russian central bank, finance ministry and wealth…
AFRICA is a bio-resource powerhouse. However, when it comes to wood pellet and biomass pellet energy, Africa usually flies under the radar. Africa’s forest resources are depleting rapidly. Net loss of forest areas has accelerated at an average of 3.9 million…
