BUSINESS

The on-the-spot assessment, which involved a facility tour, was carried out by experts from MetProm Group, a Russian company which had offered to rehabilitate the steel complex and run it.

As part of activities marking the 2019 Global Sustainability Week, employees of the pan-African conglomerate, the Dangote Industries Limited (https://Dangote.com/) flagged off an environment initiative tagged “Waste to Wealth initiative”, focused on managing waste disposal while generating income and giving back to communities wherein it operates. The Company marked the Sustainability Week with the theme: “Our Community, Our Passion” with …

“We believe this development is largely negative for the banking sector … the macro-environment is still too fragile to support strong growth in lending,” analysts at Cardinal Stone said.

Do you want to start a business, grow or revitalise your existing company and need inspiration, advice and funds? The German Founders and Entrepreneurs Days (Die Deutschen Gründer- und Unternehmertage or deGUT), holding in Berlin on 18-19 October, is the place to be. In addition to a comprehensive, free seminar and workshop program, the fair offers information on all start-up …

A non-profit membership organisation made up of German and Nigerian owned business enterprises, NGCC promotes increased bilateral business relationships between the two countries.

“We are pleased to have received these awards which serve as recognition of our Africa-focused strategy, and bear testament to our role in continuing to drive Africa’s growth”

The report provides GDP growth forecasts for various regions of the continent.

"Our study shows that the origin of products continues to play a significant role in how they are perceived," - YouGov

Learning from its work in 34 countries on the continent over the past decade, the Foundation is now deepening its engagement in 10 African countries.

In a bid to ameliorate poverty in the country, Aliko Dangote, Africa’s richest man, has unveiled plans to empower 106,000 Nigerian women with N1.1 billion worth of micro-grant programme. The philanthropist is set to achieve this through his Aliko Dangote Foundation (ADF) before the end of 2019. Premium Times, a Nigerian online newspaper reports on Monday that the Aliko Dangote …

A new body replacing the economic management team led by Vice-President Yemi Osinbajo has been appointed by President Muhammadu Buhari on Monday. The announcement, which was contained in a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina, gave details, “This advisory council will replace the current Economic Management Team and will be reporting directly …

After months of searching the continent, Africa's prestigious Anzisha Prize has now unveiled its top twenty finalists for the 2019 overall winner

The government of Ethiopia has unveiled what it describes as a “Homegrown Economic Reform” agenda aimed at unlocking the country’s development potential. “Several months in the making and spearheaded by some of Ethiopia’s finest minds, our initiative aims to propel Ethiopia into becoming the African icon of prosperity by 2030,” said Prime Minister Abiy Ahmed of Ethiopia. He made the …

The conference, according to the organizers, will welcome attendees to a day of talks, panel discussions and workshops centred on ‘Women, Leadership, Technology, Innovation, Entrepreneurship and the African Continent’.

The new EU ‘Delegated Regulation’ on strong customer authentication enters into force on Saturday (14 September 2019). You have to identify yourself in two different ways to complete an online purchase or bank transaction.

Muftau Muyiwa* writes on the changing narrative of Africa. Once depicted as a “hopeless” place incapable of installing and sustaining democratic rule or effective governance, it’s now being trumped as a continent of opportunities. The author explains that Africa has always been a haven of business and economic opportunities and what the world must do engage the continent’s reality to …

Deutsche Telekom has announced that its 5G mobile network had gone live in five German cities. 5G is the fifth generation cellular network technology, offering faster speeds and more reliable connections on smartphones and other devices than ever before. Deutsche Telekom, the German communications market leader, paid 2.2 billion euros for 5G spectrum at a recent auction and the regulator …

Afrolynk, an organisation that promotes increased African-European business relationship with a focus on technology, will hold its 2019 conference in Berlin, Germany, from 16-20 September. The five-day ‘Africa Tech & Entrepreneurship Week’ will feature workshops, an ecosystem tour and a start-up night.    This year’s conference, with the theme ‘strategic partnerships for sustainable growth’, will focus on how to transform businesses …

The initiative is aligned with the government’s An Agenda for Jobs: Creating Prosperity and Equal Opportunity for All, and Ghana’s commitment to positioning the country as a global entrepreneurship and technology hub.

More than 25 percent of development aid funds are not spent in developing countries, according to a new study, which shows that expenditure on refugees in Germany takes increasing share of overseas assistance. Researchers warn of the risks of this policy. A significant part of funds for development aid is spent by rich donors within their own borders. This is …