Business News

AfDB to push $500 million to construct new airport in Ethiopia

Andrew Mbeki August 12, 2025

Ethiopia The African Development Bank (AfDB) on Monday has agreed to contribute 500 million dollars to help develop a new mega airport in Ethiopia. Ethiopian Airlines Group Chief Commercial Officer Lemma Yadecha and AfDB President Akinwumi Adesina have signed an agreement appointing the AfDB as

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South Africa and Trump deepens talks on tariffs

Eric Jabulani August 7, 2025

South Africa President Cyril Ramaphosa of South Africa held a telephone conversation with U.S. President Donald Trump on August 6, 2025, focusing on bilateral trade issues and ongoing negotiations. Despite recent setbacks over high tariffs, both leaders committed to continuing discussions through their trade teams. The call comes against the backdrop of a 30% U.S.

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Vietnam and Egypt strengthens partnership

Ethan Asher August 5, 2025

Egypt On August 5, 2025, Vietnamese President Lương Cường and Egyptian President Abdel Fattah El‑Sisi signed a joint statement formally elevating bilateral relations to a Comprehensive Partnership, ushering in a new era for cooperation after six decades of diplomatic ties. Both leaders reaffirmed their commitment to deepening political trust and implementing breakthrough

Business News

$12.3 million agricultural growth deal sealed in Nigeria’s Kano north

Ewaka Sam August 5, 2025

Nigeria A Nigerian northern city, Kano State, and the Sasakawa Africa Association (SAA)-Nigeria have signed a $12.3 million Memorandum of Understanding (MoU) to establish mechanisation centres and provide farmers across the state with improved agricultural equipment.  The initiative is designed to reduce the physical drudgery associated with traditional farming methods and

Business News

South Africa dialogues with Trump over Tariff

Andrew Mbeki August 3, 2025

South Africa South African President Cyril Ramaphosa on Friday pledged to pursue all diplomatic efforts to safeguard national interests, as a 30-percent tariff imposed by the United States is set to take effect. According to a statement released by the presidency, South Africa will continue to negotiate with the United States regarding the 30 percent […]

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Japan bets big on African innovation

Chung Fang August 1, 2025

Japan As the ninth edition of TICAD approaches, Japan is doubling down on its collaborative investment and innovation agenda across Africa. Tokyo’s development agency, JICA, says the focus will remain on climate resilience, infrastructure, and human capital development—key pressure points as Africa’s youth unemployment crisis deepens and protectionist trade policies

Business News

Nigeria’s President Tinubu’s supporters holds banks responsible for economic downturn

admin July 27, 2025

Nigeria Dooyum Naadzenga  In a startling statement, the Asiwaju Ahmed Tinubu Support Group (AATSG) has publicly accused Nigeria’s powerful banking sector of sabotaging President Bola Ahmed Tinubu’s Renewed Hope Agenda by imposing sky-high lending rates that have reached as much as 48%.  The group warns that these predatory rates, justified by the Central Bank of […]

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IMF: Senegal lauded for strengthening economy, reduce debt burden

Andrew Mbeki July 25, 2025

Senegal The IMF praised Senegal for acting to engage reforms to strengthen its economy, while also working with the IMF to clarify and amend it’s debt position after it uncovered misreporting of how much the African country owed creditors, Kozack said citing comments by the Fund’s First Deputy Managing Director Gita Gopinath. The IMF, a […]

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Nigeria’s solid minerals, key to economic prosperity – Elipse

Kingsley Chukwuka July 21, 2025

Nigeria Beneath the surface of Nigeria is a vast and largely untapped treasures of trove of solid minerals. The very foundation upon which a new era of economic prosperity can be built. This isn’t just about digging up rocks; it’s about building a nation on rock-solid foundations. This is the submission of a Mining company […]

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Elipse Industries end contract with Chuangyue Industries

Kingsley Chukwuka July 7, 2025

Nigeria Elipse Industries Ltd wishes to inform the general public that it has exhausted its contracted agreement with Chuangyue Industries Nig Ltd, adding that it will not be held liable if anyone transact business with the said company on behalf of Elipse. See termination notification Termination of Contract Notification We would like to officially notify […]