President Muhammadu Buhari would depart Abuja on Thursday, May 26, 2022, to participate in African Union Extra-ordinary Session of Assembly of Heads of State and Government in Malabo, Equatorial Guinea, with special focus on security. The three-day summit, which would hold between May 26 and 28 would also focus on humanitarian challenges in Africa, with related issues on migration, refugees, returnees and Internally Read More
The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy. According to the survey report “reversing previous expectations for recovery, the majority of respondents to the latest survey expect only a moderate economic Read More
Heirs Oil & Gas (HHOG), Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’by Project Finance International (PFI), following the $1.1 billion financing and acquisition of 45% stake in OML 17 in 2021. The award ceremony which took place on Monday, May 9 2022 in London was a gathering of senior industry leaders across various Read More
Nicolas Bonnefoy says the ball is in Africa’s court to seize the opportunity of both renewable and hydrocarbons to drive development in the continent. Bonnefoy, who is Chairman of the Regulatory Affairs Committee at Africa Energy Chambers, also spoke on other issues in the continent’s oil and gas sector. What does this production underperformance mean for Africa? Production has declined Read More
President African Development Bank (AfDB), Dr. Akinwunmi Adesina has warned that many households in Africa would soon be struggling to pay for bread. In a speech on the floor of the US Senate on Thursday, the AfDB President said the situation was dire due to ongoing Russia-Ukraine war that led to increase in food prices globally. According to Adesina, last Read More
Airtel Africa Plc has reported profit after tax of $755 million for the full year financial result ended March 31, 2022. The amount represents an increase of 82.0 per cent compared with $415 million recorded in the comparative period of 2021. Operating profit also grew by 37.2 per cent to $1,535 million in the reported currency from $1,119 million in Read More
In the wake of the energy transition and global financing downturn, Africa needs to develop its own financing structures in order to drive project development across key sectors and alleviate energy poverty. Africa’s vast oil and natural gas resources represent a critical solution to the continent’s energy crisis and its unprecedented degree of energy poverty. With a population of over Read More
The overseeing Permanent Secretary of the ministry of Science, Technology and Innovation, Mr. Idowu Afe, has called on African Countries to look inwards by inventing their technologies locally in order to tackle over dependence on importation of goods and services. He said this when delegates from the African Agricultural Technology foundation (AATF) from Ghana visited the Ministry to understudy Biotech Read More
The National Biotechnology Development Agency (NABDA) Director General and Chief Executive Officer, Prof. Abdullahi Mustapha, has insisted that Africa must make technology the focal point of its agricultural development as the continent fights to avert hunger. Africa presently faces the huge challenge of feeding it’s over one billion people in order to ensure food and nutritional security. Addressing press after Read More
The first edition of Para-Soccer Games in Africa, being spirited by the Federal Ministry of Youth and Sports Development, has been scheduled to hold from the 9th to 15th of April, 2022 at the Moshood Abiola National Stadium in the Federal Capital Territory, Abuja. This historic event being organized by the National Sports Federation and Para -Sports Department in the Read More
The 27th session of the Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change (UNFCCC) will take place in Sharm El-Sheikh, Egypt, from November 7 to 18, 2022. The Presidency of the COP27 has unveiled the official logo of this year’s edition of the global yearly climate change talks, which Africa is hosting for Read More
This year marks the 20th anniversary of the founding of the African Union (AU). Recently, Chinese President Xi Jinping extended his warm congratulations to African countries and people in a congratulatory message to the AU Summit, which mirrored the unbreakable and everlasting friendship between China and Africa. The AU, as a successor of the Organization of African Unity founded in Read More
Experts have called on African countries to implement broad-based action that would transform society’s relationship with biodiversity. They spoke at a workshop on Post-2020 global biodiversity framework in Abuja, saying, this will galvanise and ensure transformative action by governments and local communities to achieve goals of Convention on Biological Diversity. Director General, Nigerian Conservation Foundation (NCF), Dr. Muhtari Aminu-Kano, said Read More
A coalition of non-governmental organisations, farmer groups and research experts from various African countries have called on the Nigerian government to revoke the permits granted by Nigeria’s National Biosafety Management Agency (NBMA) to the Institute for Agricultural Research (IAR), Zaria, for the commercial release of genetically modified (Bt) Cowpea (PBR-Cowpea). This call was made on Thursday during a virtual international Read More
Nigeria has been identified as Africa’s top oil producer and one of the top three gas suppliers, a report by African Energy Chambers (AEC) has said. The report affirmed that Nigeria will most likely maintain this position in the first quarter of this year, while its position as one of the top three gas suppliers will remain intact until 2025. Read More
The Nigerian Vice President Yemi Osinbajo, and his Tanzanian counterpart Philip Isdor Mpango has restated African leaders’ resolve to work towards a net-zero emissions target in the continent. While condemning incessant coups in Africa, the two leaders also reiterated the continent’s readiness to work together in addressing the scourge. Unconstitutional change of government in Africa according to them required collective Read More
For a long time, the U.S has perched unassailably on the top of the totem pole of global leadership and economic power. However, that has come under serious challenge with countries like China materializing onto the scene much to global consternation. Interestingly, Arvind Subramanian predicted that by 2030 “relative U.S decline will have yielded not a multipolar world but an Read More
CEC Africa Investment Limited and KANN utility company have agreed to settle out of court the takeover of Abuja Electricity Distribution Company (AEDC). Both companies had instituted a suit against the Attorney General of the Federation (AGF) and Central Bank of Nigeria (CBN) over a directive for the company’s takeover. They sought an order of the court restraining the AGF Read More
Tim O’Hanlon, is the Senior Advisor for the Oslo-listed energy and power company, Panoro Energy. In this interview, he spoke on Africa’s changing energy sector, and the role exploration will play, as well as the continent’s significance as a frontier gas market. What will this production underperformance in Nigeria, Libya, Angola, Congo, Equatorial Guinea and African countries mean for Africa Read More
A Nigerian, Emeka Oparah, has been appointed Vice President, Corporate Communications & CSR, in Airtel Africa Plc. Mr Oparah, who disclosed his new appointment in a Facebook post on Tuesday, has spent 19 and a half years working in Airtel Nigeria. “Today, after 19 and a half years in Airtel Nigeria, I formally resumed a new position in Dubai, UAE, Read More
“The final test of a true leader is that he leaves behind in other men and women, the conviction and the will to carry on.” – Walter Lippmann. It was the legendary Jamaican singer, songwriter and musician, Robert Nesta Marley, who said in his song that Africans must unite. A fervent and unapologetic pan-Africanist, Marley strongly believed in Africa’s unity Read More
The decision to sell its tower assets in Tanzania, making a fortune of $159 million has led to a surge in Airtel Africa’s market capitalization as its share value hit an All-time high with investors making over N358.90 billion in profits. Airtel Africa’s gain was also triggered by a 9.09 percent appreciation in the equity value of the Bharti Airtel Read More
ICT experts have said that Africa cannot afford to take a back seat in upcoming global decisions on digital security and the future of technology. On 17 January, 2022, African diplomats will meet their global counterparts in New York to thrash out the details of a proposed new United Nations (UN) treaty to tackle cybercrime. An upcoming Institute for Security Read More
From November 29th to 30th, the Eighth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) will be held in Dakar,Senegal (the current African co-chair of the FOCAC). In the face of changes and a global pandemic unseen in a century, ministerial officials from Nigeria, China and other 54 FOCAC members, including the African Union Commission, will overcome difficulties to Read More
Following the effects of COVID-19 pandemic on the working class, especially in Africa, like-minds in the trade unions in Africa, her Asia counterparts as well as Civil Society Organisations (CSOs) will meet in the second week of December 2021 to brainstorm on how best to protect migrant workers. The group known as the African Trade Union Migration Network (ATUMNET) will Read More
Copyright © 2022 | About Us | Online Advert Rates | Mission Statement | Corporate Profile | Contact Us | Privacy Policy | Site Map