Citi, British International Investment Agree $100 Million Risk-Sharing Lending Deal For Africa
BRITISH International Investment (BII) and US bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending…
Category: Business/Economy
Africa’s Richest Man Aliko Dangote Seeks To Raise An Additional $1.1bn To Complete His Refinery Project By 2023
A NEW report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery…
Bitcoin Not A Panacea For Africa’s Economic Woes: IMF
BITCOIN is not a cure-all for Africa’s economic woes, the IMF warned Thursday, after the Central African Republic adopted the…
Central African Republic First On Continent To Adopt Bitcoin As Official Currency
THE Central African Republic on Wednesday became the first African country to adopt Bitcoin as an official currency, becoming only…
Banks Intergeral Sources Of Employment To Nigerians, Says President CIBN, By ABDULLAHI Rabiu, Kano
THE National President of the Chartered Institute of Bankers of Nigeria (CIBN) Dr Bayo Olubgemi has said the Banking industry…
Algeria, China Firms Announce $7 Billion Phosphate Mining Deal
FOUR Algerian and Chinese firms have announced a nearly $7bn deal to relaunch a phosphate mining project set to produce…
Buhari Inaugurates $2.5b ‘World’s Second-Largest Fertiliser Plant’
PRESIDENT Muhammadu Buhari has predicted agriculture and economic boom following the coming on stream of the $2.5 billion Dangote Fertiliser…
10 Years Anniversary: Jaiz Supports Bizmen With N130bn, Says MD
Opens 45 Branches across Nigeria in 10 years, By ABDULLAHI Rabiu, Kano THE Managing Director of Jaiz Bank Alhaji Hassan…
Africa Investment Forum Virtual Boardrooms Attract $32.8 Billion In Investment Interest
THE Africa Investment Forum boardrooms have drawn $32.8bn in investment interest in bankable projects. Unveiling the results of the Forum’s…
AfDB Has $1 Billion Plan To Wean Africa Off Russian Wheat
A$1bn plan to boost wheat production in Africa should be accelerated to avert potential food shortages arising from Russia’s invasion…