BUSINESS

The action has affected trade in the West African region, causing diplomatic irritations among member states of the trading bloc ECOWAS.

Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA) and Heirs Holdings opened the “Ambition Africa” conference organised by the France Invest Africa Club in Paris, France, on 30 October. In his opening address, Elumelu urged French investors to look to Africa for long term investment opportunities. The French Minister of Economy …

The African Development Bank Group (AfDB) on Thursday announced the largest capital increase in its history, with an almost 125 percent jump from $93 billion to $208 billion. AfDB President Akinwumi Adesina hailed “a historic day” for the bank and “a day of joy for Africa” at a press conference in Côte d’Ivoire’s economic capital city of Abidjan. “This general …

The international fair for Crafts Fair, Design, Natural Goods and Fair Trade Products takes place in Berlin from 6 to 10 November. Around 40,000 visitors are expected at the Berlin Exhibition Centre for the annual sales exhibition. From 6 to 10 November, around 500 exhibitors from all over the world will present their products at Bazaar Berlin. From sustainable furniture …

Over 10 million young people are expected to access dignified and fulfilling work opportunities in Ethiopia by 2030.   This follows the launch of an initiative, Young Africa Works in Ethiopia, by Mastercard Foundation that will seek to create employment opportunities for the youth in partnership with Ethiopia’s Jobs Creation Commission (JCC). Mastercard Foundation has committed an initial US$300 million …

German business software giant SAP partners with Social Enterprise World Forum 2019 to discuss the role of technology in connecting social enterprises to talent and markets Social enterprises play a critical role in addressing many of the world’s socio-economic challenges by uplifting communities, accelerating progress and creating job opportunities – and technology plays a key role in helping to increase …

Clearly, Africa’s strong reform drive is cause for celebration. The sober truth, however, is that the world’s most difficult places for businesses are still largely found in Africa, argue Hafez Ghanem and Sérgio Pimenta of the World Bank and International Financial Corporation, respectively, in this opinion piece. Togo, a small country in West Africa known for its glimmering phosphate reserves …

"Their success encourages many other women. They show what and how much you can move with good ideas and determination - economically, socially, and beyond your own country’s borders. We need people like you, who have the courage for something new and with it also inspires others"

Despite economic slowdown, Nigeria still guarantees highest return on investment in Africa, the Minister of Finance, Budget & National Planning, Mrs Zainab Shamsuna Ahmed, has said. The minister made this disclosure while addressing a special plenary at the just concluded 2019 Annual Meetings of the International Monetary Fund and the World Bank Group in Washington DC, United States. While speaking …

Through the Anzisha Prize, the organisers seek to fundamentally and significantly increase the number of job generative entrepreneurs in Africa.

An initiative to promote African women entrepreneurs in Europe will launch in the German commercial city of Frankfurt/Main on 25 October. Maisha Business Women in Europe (MBWE) will offer women with refugee experience the opportunity to develop their entrepreneurial ideas and market their products and services. According to Virginia Wangare Greiner, one of the directors of the empowerment project, MBWE …

The chocolate industry is worth more than $80 billion a year. But some cocoa farmers in parts of West Africa are poorer now than they were in the 1970s or 1980s. In other areas, artificial support for cocoa farming is creating a debt problem. Farmers are also still under pressure to supply markets in wealthy countries instead of securing their own …

A private company, Mara Phones, has opened a smartphone manufacturing plant in Kigali, blazing a trail in Africa in the local production of electronic goods. Rwanda’s President Paul Kagame Monday inaugurated what is being described as Africa’s “first high tech smartphone factory” in the country’s capital city. He commended the drive towards affordable smartphones and underlined the need to boost …

Convened by Nigerians in Diaspora Commission (NiDCOM) in collaboration with Nigeria Diaspora and Alumni Network (NIDAN), the Summit is supported by the Ministry of Foreign Affairs, Nigeria Investment Promotion Council, Nigeria Export Promotion Council, and Infrastructure Concession Regulatory Commission.

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 …

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.