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BUSINESS & DEVELOPMENT

Jean-Claude Juncker: Africa’s future will shape Europe’s

Africa’s future will shape Europe’s destiny, European Commission President Jean-Claude Juncker has told a joint investment forum in Vienna. Austria’s Chancellor Sebastian Kurz urged Europe to take on China’s head-start in Africa. Juncker urged European firms on Tuesday to boost their investments in Africa in a “partnership among equals,” reminding the joint European Union and Africa Union forum that Africa’s …

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Abuja summit outlines opportunities, incentives for Nigerian Diaspora investors

The first-ever Nigeria Diaspora Investment Summit took place in Abuja on 27-29 November. Vice-President Yemi Osinbajo, who delivered the keynote address at the event, and participating ministers outlined opportunities and incentives for Nigerians resident abroad to invest in their homeland. Nigeria’s Vice President, Prof Yemi Osinbajo, in his address to the conference, asserted that the federal government “strongly seek the …

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Nigeria’s vice president to visit Germany on investment campaign

Vice-President Yemi Osinbajo will pay a working visit to Germany on 9-11 December. He will meet with Nigerians, speak at a business event and hold talks with German leaders during the 3-day visit, which aims to promote Nigeria as a favourable place to invest. Prof Osinbajo will hold a town hall interactive meeting with Nigerians living in Germany on Sunday, …

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Full Text: Osinbajo’s Message to Nigerians in Diaspora

Vice-President’s Keynote Address at the 1st Nigerian Diaspora Investment Summit The first-ever Nigeria Diaspora Investment Summit took place in Abuja on 27-29 November. More than 300 Nigerians living outside the country attended the event, which seeks to mobilize the diaspora to invest in Nigeria as part of the present government’s efforts to reposition the national economy. Diaspora investors had the …

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Osinbajo to deliver keynote address at first-ever Nigeria Diaspora Investment Summit

Vice President Yemi Osinbajo will deliver a keynote address at the maiden Nigeria Diaspora Investment Summit (NDIS), which holds in Abuja on 27-29 November. The three-day summit, themed “Activating Diaspora Investment for a Diversified Economy” and holding in the Banquet Hall of the State House, Aso Villa, is to provide a platform for Nigerians in the diaspora to invest in the …

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MoneyGram now offers Money-to-Mobile Wallet transfer service to Ghana

Global provider of money transfer and payment services, MoneyGram, has launched a new service that enables its customers to send money directly into any mobile wallet in Ghana. MoneyGram is offering the service in partnership with a local financial technology company, Zeepay Ghana Limited. The service is available on all domestic mobile money wallet platforms – MTN Mobile Money, Vodafone …

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German Chancellor Merkel launches new investment fund for Africa

German Chancellor Angela Merkel has called for more private investment in Africa as she hosted African leaders as part of a concerted effort to drive the continent’s economic development and create jobs for its millions of unemployed youths. In her opening address on Tuesday at the G20 Compact with Africa Summit, taking place in Berlin on 30-31 October, Merkel said …

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Nigerian vies for International Telecommunication Union’s top post

William Ijeh, a senior official of the International Telecommunication Union (ITU), is vying for one of the global organisation’s top positions at the ITU Plenipotentiary Conference 2018, taking place in Dubai from 29 October-16 November. Mr Ijeh, a Nigerian national who has worked with the Geneva-based ITU for 21 years, is a candidate for the post of Director, Bureau of …

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11 African leaders converge on Berlin for G20 conference

Presidents and heads of government of eleven African countries are to participate at the G-20 Compact with Africa (CwA) conference, hosted by German Chancellor Angela Merkel in Berlin. The event, Investment Summit-German Business and the CwA Countries, taking place on 30-31 October brings together “reform-minded” African countries, international organizations and bilateral partners from the G20 to advertise investment opportunities in …

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Nigeria to host first-ever Diaspora Investment Summit in Abuja

More than 200 Nigerians in the Diaspora have indicated interest to participate in the maiden Nigeria Diaspora Investment Summit (NDIS) slated to hold on 27-29 November in Abuja. This was revealed by Hon. Abike Dabiri-Erewa, Senior Special Assistant to the President on Foreign Affairs and Diaspora, at a joint news conference with other stakeholders in Abuja on Monday (15 October). …

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Buhari signs directive compelling Nigerians to pay tax on their foreign assets

President Muhammadu Buhari has signed a new executive order which among other things compels Nigerians with assets outside the country to pay taxes on them. The Executive Order (008), tagged Voluntary Offshore Assets Regularisation Scheme (VOARS), was signed by the President on Monday and takes effect from the same day, the Presidency said on Wednesday, 8 October. According to a …

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Ecobank to register diaspora Nigerians for BVN at NIDOE conference in Vienna

Nigerians in Diaspora Organisation Europe (NIDOE) will hold its Annual General Meeting (AGM) on 8-10 November in Vienna, Austria. In addition to addressing issues of concern to Nigerians in diaspora, the event will discuss the outcome of the first-ever Nigerian Diaspora Global Project & Investment Summit UK, which took place in July 2018 in London. The objective of the conference …

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degut 2018: Start-up Fair opens door to self-employment in Germany

Do you have an ingenious idea, courage, energy and passion? German Founders and Entrepreneurs Days (Die Deutschen Gründer- und Unternehmertage or deGUT) 2018 is the place to be as you will have access to expertise and information on what it takes to establish your business. From defining your idea to issues about financing, marketing and sales – this event, which …

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“Ghana now a net exporter of electricity” – President Akufo-Addo

The President of Ghana, Nana Addo Dankwa Akufo-Addo, says his government, over the last 21 months, has ensured stability and adequate supply of power in the country, in the place of the erratic power situation that it inherited. Speaking at the Financial Times Africa Summit, in London, on Monday, 8th October, 2018, President Akufo-Addo indicated that his government, over the …

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Akon plans solar projects to support Sierra Leone

Senegal’s international music star Akon is planning a solar investment programme for Sierra Leone as part of plans to support the government of President Julius Maada Bio. Akon, real name Aliaume Damala Badara, met with the president in the United States on the sidelines of the ongoing United Nations General Assembly, UNGA. Local media reports that his investment will comprise the …

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Ethiopia’s biggest bank offers mortgage loans to citizens living abroad

The Commercial Bank of Ethiopia (CBE) has launched a scheme under which it will grant mortgage loans to nationals in the diaspora. The bank in a statement issued on Friday (5 October) said the loan targets non-resident Ethiopians and foreign nationals of Ethiopian origin. CBE chief Bacha Gina said the product was part of the bank’s vision to serve and …

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US expert on how to unlock the manufacturing and industrialization potential in Africa

A robust manufacturing sector is broadly understood as a fundamental path to economic growth and development. Despite their manufacturing potential and promising trajectories, most African countries have remained relatively dearth of factories, writes Professor Landry Signé. How to unlock the manufacturing and industrialization potential in Africa? The United Nations General Assembly has proclaimed the Third Industrial Development Decade for Africa …

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Marriott International announces plan to expand in Africa

Marriott International plans to increase its hotels in Africa by 50 percent in the next five years, opening new facilities in markets where it already operates and venturing into new ones like Mozambique, the company said on Monday (1 October). Global hotel chains have been increasing their investments in Africa in recent years to take advantage of fast expanding economies …

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Remittance income will drive economic growth for Africa, says ICAEW

Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according to ICAEW’s (the institute of Chartered Accountants in England and Wales) latest report, In Economic Insight: Africa Q3 2018. The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions …

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WorldRemit launches digital money transfers within Africa

Leading international money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent. The new digital service will reduce the cost of sending money across borders. The prohibitive charges that individuals and businesses pay to transfer money within Africa are recognised as a major obstacle to the growing …

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