A significant turnaround in the UAE with a healthy Operating Profit of USD 242 million compared to a USD 110 million during the same period last year Standard Chartered (www.SC.com) PLC (the Group) today released its financial results for the…
AFRICAN leaders are meeting in Brussels on Thursday with European leaders for a two-day summit that will inevitably discuss growth and trade. However, signing the long-awaited economic partnership agreement with the East African Community (EAC) regional bloc remains off the agenda,…
AGHANAIAN trade expert on Wednesday projected the benefits that the African Continental Free Trade Area (AfCFTA) has on the continent’s secondary industries will gradually emerge since trade commenced one year ago. Jonas Atangdui, the director of Economic Affairs at the…
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…
