BUSINESS

Fashion: Nigerian brand sets standards for Africa

Lagos-based Africana Couture with the opening of its new classy outlet in Abidjan has made a significant statement of intent of taking the lead in the propagation of African fashion on a global scale The merry sound of clinking glasses, hearty laughter and afrobeats music permeated the cool September evening at Rue Marconi Zone 4, a posh business district in …

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Ethiopian to power new Nigerian national airline

Nigeria has announced that Ethiopian Airlines would be its major partner, with forty-nine percent share-holding, for the Nigeria Air project. The country’s Minister of Aviation, Hadi Sirika, disclosed this during a press briefing in Abuja where he revealed that the national carrier was well on its way to being launched with three Boeing 737-800 that will shuttle between Abuja and Lagos. …

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Africa’s fintech, crypto players gather in Accra

400 Fintech & Crypto Industry Leaders From Across Africa to Convene in the Ghanaian capital city at the Africa Money and DeFi Summit on 27-28 September —– As the rapid growth of fintech continues and the birth of decentralised finance (DeFi) grows across Africa, leading fintech’s, investors, crypto platforms, ventures and digital finance stakeholders will connect at the Africa Money …

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How Exchange Rates Work and How to Get the Best One 

Exchange rates crucially impact the trade and economic performance of a country and often, they indirectly influence many different areas of your day-to-day life, from the cost of your groceries at the local market, to the cost of fuel, job opportunities and even the value of the money you remit.  To help you get a good deal on your next …

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Why Africa should reject rush to renewable energy By NJ Ayuk

In May 2021, the International Energy Agency (IEA) issued a report calling for a halt to oil and gas exploration around the globe at the end of 2022. NJ Ayuk, Executive Chairman, African Energy Chamber, argues in this opinion piece that denying Africa the benefits of its oil and gas resources could hinder the continent’s development—— African countries are hardly …

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Top 20 Finalists of Africa’s Business Heroes Prize 2022 Unveiled

Africa’s Business Heroes (ABH) Prize Competition, the flagship philanthropic program established by the Jack Ma Foundation to spotlight and support African entrepreneurs, has announced the top 20 finalists for its 2022 edition. Now in its fourth edition, ABH is a Pan-African competition that recognizes and celebrates entrepreneurial talent across the continent. It offers entrants a chance to win a share …

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Cape Town to host the 2022 Africa Fintech Summit

In November 2022, leading innovators, investors, and policymakers from around the world will gather in Cape Town, South Africa, for the 8th edition of the Africa Fintech Summit (AFTS). The summit will take place on 02-04 November 2022 at the Cape Town International Convention Centre(CTICC). With participants who represent over $4.5bn in private equity and venture capital funding, the AFTS …

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Why US should invest in Africa – AfDB chief

The President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has given strong assurance to US investors that Africa is a secure, competitive and profitable market for investment. Adesina was speaking on Wednesday at the US-Africa Business Summit in Marrakech, Morocco, where he told American investors to see Africa as a logical investment destination and to engage with …

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Adesina on why Ireland should invest more in Africa

Since joining the African Development Bank (AfDB) Group as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum in Dublin, as AfDB’s President, Dr Akinwumi Adesina, enjoined the Irish business community to invest more in Africa. …

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Opportunities for Africans in nursing care business in Germany

In an exclusive interview with The African Courier, Godfrey Evurulobi, a graduate of international business from the University of Applied Sciences Cologne, narrates how he started and he talks about the nursing care sector in Germany and why his companies are currently recruiting Africans. The Nigerian-born entrepreneur also talks about his successes and challenges so far, and he gives tips to Africans planning to start a business in the country.

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SAP graduates paving way to Africa’s digital future

NAIROBI, Kenya, 21st June 2022 -/African Media Agency(AMA)/- Graduates of the SAP Young Professionals Program are adding valuable digital skills capacity to African enterprises across the continent. According to Cathy Smith, MD SAP Africa, since the launch of the program in 2012, the support provided by graduates brings critical digital skills to African businesses to help drive greater digitalisation and …

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Ghana’s economy showing signs of rebound, but two challenges remain — report

A new report reveals signs of rebound in Ghana’s economy, but shows that COVID-19 and the Ukraine-Russia crisis will test its resilience and inclusivity. The report, Transforming Ghana, reviews the country’s development over the past ten years (2012–2021) and evaluates the African Development Bank’s contribution through its High 5 strategic priorities——— Ghana has enjoyed two decades of steady growth, but …

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African Development Bank approves $1.5 billion for farmers to avert food crisis

Initiative to benefit 20 million African farmers, who will receive certified seed and technology to rapidly produce 38 million tons of food——— ABIDJAN, Ivory Coast, May 20, 2022/ — The African Development Bank Group’s Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. With the disruption of food supplies arising …

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Investment by German companies in Africa stable despite coronavirus pandemic

German investments in Africa stabilised in 2020 and 2021 after reaching a record high before the outbreak of the coronavirus pandemic in February 2020. This was revealed by the Afrika-Verein der deutschen Wirtschaft e.V., an association of German companies active in Africa, in a press statement on Chancellor Olaf Scholz’s visit to Senegal, Niger and South Africa. The investment stock …

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