United States has launched a $48.8 million investment in Nigeria’s education. The investment which is through the US Agency for International Development (USAID) tagged, ‘Leveraging Education Assistance Resources in Nigeria (LEARN) Read Activity,’ was aimed at improving early grade reading in the country over the next five years. A statement from the US Embassy yesterday […]
Tag: Business and Finance
The Director-General of the Debt Management Office (DMO), Mrs. Patience Oniha yesterday confirmed that Nigeria’s total debt profile as at March, 2022 stood at N41.60 trillion. Oniha said this during her appearance at the ongoing engagement on the 2023 – 2025 Medium Term Expenditure Framework (MTEF) and Fiscal Policy Paper held by the House of […]
The United Arab Emirates (UAE) airline, Emirates, yesterday officially suspended flight to Nigeria as earlier announced over the difficulty in repatriating funds from ticket sales. However, the Airline would resume again on September 11 following the decision of the Central Bank of Nigeria (CBN) to release $256m, being part payment of the entire blocked funds […]
At least crude oil worth $20 billion (estimated N14 trillion at N700/$1) may be lost to theft in Nigeria in one year just as the Nigerian National Petroleum Company (NNPC) Ltd said it has heightened the surveillance of its pipeline systems. In an analysis on crude oil theft, Taiwo Oyedele, a Fiscal Policy Partner and […]
National Elections Commission (NEC) Chairperson Davidetta Browne – Lansanah says transitioning from manual Optical Mark Recognition (OMR) system to Biometric Technology for registration of voters has been emphasized in the Commission’s preliminary plans for 2023. Ahead of the 2023 presidential and legislative elections, she told a press conference in Monrovia Wednesday, 31 August 2022 that […]
The court has put a stop to the seismic survey along the Wild Coast The High Court has ruled that the exploration rights granted to Impact Africa and Shell along the Wild Coast were unlawful. The judges said there was “no meaningful consultation” with interested and affected parties prior to the award of the right. […]
The 2022 edition of the GrEEn Innovation Challenge has been launched with 15 Small Medium Scale Enterprises (SMEs) from the Ashanti and Western regions to be awarded EUR 25,000.00 each to enable them to develop operational excellence and be investment ready. The boosting Green Employment and Enterprise Opportunity in Ghana (GrEEN) action is a four-year […]
The past two years have shown us that challenges in the financial inclusion gender gap exacerbated by the COVID-19 pandemic need to be closed for women to have equal access to finance as men. The World Bank reports indicate that COVID-19’s economic repercussions disproportionately affect women. Women-led businesses have experienced more of a decline in […]
Over 1,500 delegates from 93 countries have registered to participate in the first-ever AfriCaribbean Trade and Investment Forum, ACTIF2022. It will held at the Lloyd Erskine Sandiford Centre in Bridgetown, Barbados, from September 1 to 3, 2022. Barbados’ Prime Minister. Mia Amor Mottley; President Chandrikapersad Santokhi of Suriname, Chairman of CARICOM; and Amadou Hott, Minister […]
Backbase, the leading global Engagement Banking platform provider and Value Digital Services (VDS), a services company with headquarters in Tunis, that supports its clients in the implementation of their digital and data roadmaps, are pleased to announce they have entered a strategic partnership to strengthen their position in the North-African market. The collaboration further enables […]
Beginning September 2022, fuel prices are set to see a sharp jump between five per cent and 10 per cent at the various pumps. According to the Institute for Energy Security, this would add close to 70 pesewas to the current prices. Presently a litre of petrol is going for about GH ¢11 on the […]
The startup said it raised a $1.3 million pre-seed investment in February, bringing the total funds raised to $5.6 million. Duplo, a Nigerian B2B payment startup, announced Wednesday it has raised a $4.3 million seed round. The round included participation from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, and Y Combinator, existing […]
Addis Ababa, 1 September 2022 (ECA) – United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, has stepped down, effective 1 September 2022, after five years of dedicated service to ECA and its Member States. Announcing her decision to step down during a town hall meeting on 22 August, Ms. […]
Microsoft veteran and Africa expert, Mr KunleAwosika, has assumed the position of Managing Director for the Africa Transformation Office (ATO) as Wael Elkabbany steps into a new role heading up the Africa Regional Cluster. With more than 22 years’ experience working in multiple countries across the continent, Mr Awosika has a deep understanding of, and […]
The vice chairperson of the parliamentary committee on National Economy, Robert Migadde has said the total public debt has increased over recent years due to the implementation of the government’s investment agenda and the effects of the Covid-19 pandemic that caused revenue shortfalls. On Tuesday, Parliament approved two reports on the state of indebtedness, grants […]
Improved internet access, online literacy and new technology tools such as apps for informal traders are helping the poorest Tech education taken to South Africa’s townships WiFi access and apps could boost informal economy But technology alone is not the answer, experts warn JOHANNESBURG, Sept 1 (Thomson Reuters Foundation) – Moss Marakalala was 11 when […]
Schiefflin — Representative Tibelrosa Summoh Tarponweh of Margibi Electoral District one has expressed delight over works done so far in implementing the electrification of the Robert International Airport Road Project. Representative Tarponweh said having the entire Robert International Airport highway electrified will bring some relief to his constituents and beautify the airport road corridor. Touring […]
The major facelift of Nairobi’s most popular recreational parks, Uhuru and Central Parks, is complete, Nairobi Metropolitan Services (NMS) said. New facilities at Uhuru Park will support sports enthusiasts with skating lanes, and also an old plane which NMS boss General Mohamed Badi stated would be converted into a high-end hotel during an interview on August 4, according […]