Britain’s Export Finance Agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain, it said. Britain voted …
Read More »DHL Global appoints Country Managers for Kenya, Nigeria
DHL Global Forwarding, a leading provider of air, sea and road freight services, has appointed Agnaldo Laice and Maureen Adibuah as Country Managers in Kenya and Nigeria respectively. Both of them are industry veterans who possess strong local market knowledge and have been with DHL for almost two decades – having risen through the ranks in different portfolios. They will …
Read More »World Cup 2018: Nigerian Super Eagles’ Jersey Unveiled in London
The Super Eagles’ 2018 World Cup kits have been unveiled by Nike and the Nigeria Football Federation (NFF). Nike is the official kits sponsor of Nigeria’s national teams. The sportswear manufacturer presented the kits to the NFF at a ceremony in London on Wednesday. The Super Eagles’ World Cup jersey was modelled by Arsenal forward Alex Iwobi while Sophia Omidiji …
Read More »Germany achieves record low unemployment rate in 2017
Official figures released on Wednesday show that Germany’s unemployment rate has hit a record low. December’s unemployment rate was 5.5 per cent, the lowest level since German reunification in 1990, the Federal Employment Agency (Bundesagentur für Arbeit or BA) said. In 2017 as a whole, the jobless rate fell to 5.7 per cent or just over 2.5 million people, from …
Read More »African presidents reach strong consensus for inclusive growth at Africa 2017
African presidents have reached a strong consensus to focus on regional integration, inclusive growth and youth empowerment in order to achieve continued and sustained growth on the continent at the Africa 2017 Forum in Sharm El Sheikh, Egypt. President Abdel Fattah Al Sisi of Egypt hosted African heads of state and business leaders including President Alpha Condé of the Republic …
Read More »Sierra Leone’s ‘Peace diamond’ sold for $6.5m in New York auction
A 709 carat uncut diamond discovered in March 2017 in Sierra Leone fetched a lower-than-expected $6.5m at a New York auction on Monday (4 December). The stone was found by diggers working for Pastor Emmanuel Momoh in Koryardu, located in the country’s eastern Kono district. It is one of the largest ever discovered in Sierra Leone and the 14th largest …
Read More »Russia 2018: Morocco, Nigeria, Tunisia drawn in ‘tough’ groups
Five African teams were part of 32 others entered into a draw for the group stages of the 2018 World Cup in Russia on Friday. The five African teams are Senegal, Egypt, Morocco, Nigeria and Tunisia. It turns out that from the final draw, Morocco and Nigeria will not have it easy in their respective groups as they face top …
Read More »Thousands of Togolese to enjoy electricity as solar programme takes off
Awagomè, 4 December 2017 – The Government of Togo’s “CIZO” initiative has made a significant stride forward as BBOXX, a new generation utility which provides reliable energy access to communities with its solar home systems, officially launched its operations in Togo today. President Faure Gnassingbé, President of the Republic of Togo, visited one of BBOXX’s first customers in the rural …
Read More »EU sugar-coats Swazi absolute monarchy’s bitter pill
EU-support for Swaziland’s monarchy-controlled sugar industry undermines the fight for democracy, even though it nominally benefits smallholders, says new report from Danish solidarity organization, reports Peter Kenworthy. A new report from Afrika Kontakt commends the EU for supporting Swaziland’s sugar industry, which benefits thousands of smallholder growers of sugar cane. The problem is, however, that the smallholder growers are also …
Read More »Diaspora group calls for tougher punishment for human traffickers in Nigeria
Reacting to the death of 26 Nigerian women who drowned in the Mediterranean on 5 November 2017 and the CNN video report showing Nigerians being traded as slaves in Libya, the Migration Enlightenment Project Nigeria (MEPN) has called for tougher laws against human trafficking to bring “the needless deaths to an end”. The MEPN is currently carrying out an information campaign …
Read More »Business conference to market Ghana and Ethiopia to Bavarian Investors
Investment potential in the African nations of Ghana and Ethiopia will be key focal points during the Germany African Business Forum, to be held on 28 November in Munich. Hon. Ibrahim Mohammed Awal, Minister for Business Development for Ghana, and H.E. Dr. Mebrahtu Meles, State Minister for Industry of Ethiopia, will be delivering key presentations to attending investors at the …
Read More »Niger Delta militants to resume attacks on Nigeria’s oil installations
Nigerian militant group Niger Delta Avengers (NDA) said on Friday its ceasefire on attacks in the country’s southern oil-rich region was at an end. “We can assure you that every oil installation in our region will feel the warmth of the wrath of the Niger Delta Avengers,” the group said in a statement on its website. The NDA took the …
Read More »Start-up Night! brings German and African businesses together in Berlin
German Minister for Economic Affairs and Energy Brigitte Zypries opened the Start-up Night! Africa on 26 October in Berlin. The Start-up Night! Africa is the latest event to take place as part of the successful series of Start-up Nights!, a string of business-matching events hosted by the Federal Ministry for Economic Affairs designed to bring young businesses and established companies …
Read More »African leaders discuss challenges to continent’s industrialisation
Unemployment and poverty are serious concerns for the continent, where more than 70% of the working age population is unemployed or has no job security, prompting the UN to declare 2016-2025 as the Third Industrial Development Decade for Africa (IDDA III). African leaders deliberated in New York on how to industrialise the continent in a socially inclusive, environmentally sustainable manner to …
Read More »Germany launches website to discourage irregular migrants
There is currently a humanitarian crisis in Libya where between 800,000 and 1 million migrants are trapped. Most of them are waiting to embark on the perilous journey across the Mediterranean to Europe. With new measures adopted by the Libyan government and other similar developments, the chances of the overwhelming majority of the migrants reaching Europe are almost foreclosed. Most …
Read More »African Youth Education Awards ceremony holds in Hamburg
The youth empowerment initiative to promote educational achievement in the African community in Germany holds its annual award ceremony at the premises of the IHK in Hamburg on Saturday, 21 October 2017. The annual African Youth Education (AYE) Awards aim to motivate young people of African origin in Germany to seek excellence in school. The scheme was initiated in 2011 …
Read More »Nigerians to converge on Lisbon for NIDO housing investment summit
Nigerians from across Europe will converge on the Portuguese capital, Lisbon, on 9-11 November for the annual general meeting or AGM of the Nigerians in Diaspora Organisation Europe (NIDOE). The congress will deliberate on the state of the organisation and on issues important to the Nigerian Diaspora generally. Moreover, NIDOE members will discuss developments at home as they affect the …
Read More »Nigerian migrants should avoid Libya for now – MEPN advises
Policies aimed at reducing the number of migrants arriving in Europe across the Mediterranean from Libya are trapping refugees in the country where they’re exposed to harsh living conditions and widespread human rights abuses, group warns. Would-be Nigerian migrants have been advised to avoid Libya due to recent developments in the North African country. The advice was issued in a …
Read More »Ghana to give free chocolate to every student daily – President
Ghana’s President Nana Addo Dankwa Akufo-Addo has promised to initiate a programme that will ensure every student receives free chocolate or cocoa products every day. He said the decision is tied with the government’s plans of boosting the local consumption of cocoa products from the world’s second largest producer of the cash crop. “Our target is to provide every Ghanaian …
Read More »What Nigerian youths should know about Irregular Migration to Europe
Femi Awoniyi** on ‘Look before you Leave!’ an information campaign by the Migration Enlightenment Project Nigeria (MEPN) to raise awareness of the risks and dangers of irregular migration. ——————————————————————– Irregular Migration We receive daily news of the suffering of young African migrants seeking better opportunities in Europe through illegal routes. The ordeal that many go through either in the transit …
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