Mining MX the South African mining industry journal published its 2022 edition of the Mining Yearbook recently. For many years, this publication produced in conjunction with leading business weeklies is the holy grail for stakeholders in the mining industry with a particular interest in South Africa and the region. This year’s publication is freely available […]
Tag: Investment
Renowned by some as ‘Africa’s melting pot’ and ‘Africa in miniature’ by others, Cameroon is inarguably one of the most diverse countries in the continent. Perched at the crossroads of West and Central Africa, the country not only boasts a rich tapestry of indigenous cultures but also diverse flora and fauna. Its strategic position bordering […]
Relevant stakeholders, financing institutions, and development partners must also collaborate to foster an environment encouraging private sector participation in water transport. Recent economic growth and development within Southern and Eastern Africa have created positive opportunities to expand water transport services. Water transport through inland waterways and over shorter maritime distances has the potential to enhance […]
The prospective stability and economic recovery expected under the new administration in Kenya will no doubt make way for the realization of huge money investments in the countries. Kenya has the most stable political system in Africa and is the biggest economy in East Africa. The transition also happened peacefully, marking a new chapter for […]
Over the past few years, the lack of investment in Africa’s oil and gas sector has led to a sharp decline in production. With the sanctions on Russian energy, OPEC and its allies have set a target to meet a larger global market share. Africa is seeking solutions to increase investment in the oil sector […]
The United States(US) Department of Agriculture has announced a $22 million food project for Nigerian Cocoa farmers. Under the arrangement, about 68,000 Cocoa Farmers in Osun, Ekiti, Abia, Cross River, Akwa Ibom and Ondo States have been so far identified as beneficiaries of the project. The project known as Food for Progress will be launched […]
FINANCE Minister, Mthuli Ncube has been urged to enact legislation to operationalise recommendations by former High Court judge Justice Smith to compensate pensioners, who lost contributions worth US$5,86 billion. Former finance minister and Citizens Coalition for Change (CCC) Harare East MP, Tendai Biti, told Parliament this week that Ncube must urgently craft the required legislation […]
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Africa – Where Is the Good News?
While there are legitimate political and economic headwinds, there are also reasons for optimism. A sombre mood has dominated the discourse around Africa this year. At a recent investor roundtable in London, there was a sheepish silence when attendees were asked where the good news was to be found. Currency blowouts and rampant inflation, rising […]
Private investment is needed for Africa to adopt renewable energy. Here’s why that investment makes sense At last, the world is waking up to the climate-nature emergency. Not because of any great scientific breakthrough; new data merely confirms what climatologists have long argued. What’s new is the growing evidence around us: floods in Pakistan, wildfires […]
Over the past decade, many of the discussions and debates on foreign investments in Africa have revolved around competition between the U.S. and so-called emerging powers. This narrative has taken a near zero-sum trajectory since China overtook the U.S. to become Africa’s number one trading partner in 2009. U.S. administrations, from Obama (2009-2017), Trump (2017-2021) […]
As part of its drive for increased Foreign Direct Investments (FDI) into the Nigerian oil and gas industry, the federal government has finally set up the Oil and Gas Investment Promotion Centre at the Ministry of Petroleum Resources in Abuja. The investment promotion centre is to make it easy for prospective investors to make enquiry […]
As investors’ appetite for higher returns continues to swell following rising interest rates, listed/unlisted companies are taking advantage raising a whopping sum of N553.8 billion Commercial Papers (CP) in the last months. Companies such as Providus bank United Capital, Coleman Technical Industries Limited, FSDH Funding SPV Plc, FBNQuest Merchant Bank, FCMB Limited among others have […]
Former President Olusegun Obasanjo, the Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala and the Board Chairman of the Nigerian National Petroleum Company Limited (NNPCL), Dr. Margery Okadigbo have called for joint efforts by African leaders and their allies to boost investments in the continent’s power sector. They said such investments in […]
The federal government is seeking investors as it plans to concession the Lagos-Ibadan, Abuja-Kaduna and Itakpe-Warri standard gauge rail services. The Minister of Transportation, Mr. Muazu Jaji Sambo, disclosed this in a presentation on financing Nigeria’s transport infrastructure at the Nigerian International Economic Partnership Forum in New York. The minister listed the unbundling of the […]
A consortium led by Ethiopian Airlines is the preferred bidder for shares in new Nigerian airline. The rebranded Nigeria Air is looking to take off nearly 20 years after its predecessor collapsed. Relaunching a national airline was one of President Muhammadu Buhari’s 2015 election campaign promises. It came a step closer to reality on Friday […]
The Minister of State Petroleum Resources Chief Timipre Sylva, has said that the desire to surmount the challenges bedeviling the oil and gas sector led to the enactment of the Petroleum Industry Act (PIA). Sylva spoke at the Nigeria International Economic Partnership Forum, in New York, with the theme: “Nigeria’s Oil and Gas Sector: Reforms, […]
The President of the AfDB, Akinwumi Adesina, said this at the Nigeria International Economic Partnership Forum on the sideline of the 77th United Nations General Assembly, New York. The African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) are investing $618 million in the Digital and Creative Enterprises Programme […]
An Independent Expert of the United Nations Working Group on Business and Human Rights in Africa, Prof. Damilola Olawuyi has called for a rights-based approach to trade, investment, banking and business practices across Africa. Prof Olawuyi who is also an energy lawyer and global vice-chair of the International Law Association (ILA) stated this while speaking […]