The Minister of Transportation, Rt. Hon. Chibuike Amaechi has expressed satisfaction with the increased pace of work on the construction of the Lekki Port Lagos. Amaechi made this comment today, during his inspection of the port site, in the company of top government functionaries from the Federal Ministry of Transportation and Heads of relevant agencies,…
The UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) launched Etihad 7 program to fund renewable energy projects in Africa at Abu Dhabi Sustainability Week 2022. According to the Ministry, Etihad 7, a UAE-led innovation program, is dedicated to securing funding for renewable energy projects in Africa with a view to supply clean electricity…
Prime Minister Abiy Ahmed said the Grand Ethiopian Renaissance Dam (GERD) holds multiple benefits for the two downstream countries of Sudan and Egypt, as well as the East African region at large. In his statement released today, the premier described the renaissance dam as a good example that is demonstrative of the principle of cooperation….
By Russell Taylor The United Kingdom is ramping up its investment drive in Africa as the 2nd Africa Investment Conference #AIC2022 was held yesterday , highlighting investment opportunities across #Africa and giving a great networking platform for #UK and African businesses. London had since last year launched a coordinated agenda to deepen and expand old…
Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has said with the implementation of the Petroleum Industry Act (PIA), the company will do away with a major portion of its “toxic liabilities”. A statement by Group General Manager, Group Public Affairs Division of NNPC, Mr. Garba Muhammad, on Sunday,…
In the bid to reposition the country’s jewelries and gemological industry, the Nigeria Export Processing Zones Authority (NEPZA) says it is on the verge of convincing the Ministry of Solid Minerals and the Gemological Institute of Nigeria to jointly adopt the free trade zone model to customise the exploration, refining, production and the marketing of…
The UN Deputy Secretary-General, Amina Mohammed, will continue in her role for another five years, the UN chief formally announced on Monday, praising her effective leadership so far in advancing the Sustainable Development Goals (SDGs) and protecting the Paris Agreement for climate action. In a statement confirming the reappointment, the Spokesperson’s Office said that that…
The Economic Sustainability Committee has held its first meeting in 2022 and Federal Ministers and heads of Agencies have reported further progress in the implementation of the Economic Sustainability Plan, ESP of President Buhari’s Administration. Report on the implementation of the plan was presented at a virtual meeting of the committee on Monday at the…
BY MARCELLO ESTEVÃO In 2016, the discovery of two large, previously unreported loans sparked an economic crisis in Mozambique. Donor support to the country froze. The government was forced to make deep cuts in public spending. More recently, when Chad and Zambia asked to restructure their debt under the G-20’s Common Framework for Debt Treatments,…
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services provided to Nigerian customers. An NRC is a company not registered or incorporated in Nigeria but makes profits or income from Nigeria. They include Amazon, AliExpress, Twitter, Zoom Inc. and others. Zainab Ahmed, minister of finance, budget and national…
