EU forges ahead with Africa gas deals

June 28, 2022 Blueprint 0

The African Energy Chamber has voiced its strong support for the European Commission’s ongoing plan to step up cooperation regarding gas with Africa. According to the AEC, the move will help the continent to expand production, infrastructure development and the exploitation of gas to address domestic energy poverty. The European Union (EU) is moving ahead with plans to enhance Africa-EU Read More

How triple-barreled gun is destroying African economies

June 23, 2022 Blueprint 0

Today it is conclusive that Africa’s socialist experiments failed as did the state-led development approach. Not only was the heavily statist approach unable to develop African economies, but it made poverty worse. In this context of repressive state-driven economic systems, most African countries are trapped in a morass of high inflation, high debt, high taxation, high dependency, worsening poverty, food Read More

BioRTC: A foundation serving humanity in Africa

June 22, 2022 Blueprint 0

The Biomedical Research and Training Centre, under the umbrella of ‘TReND in Africa’, was initiated to maintain invigorating biomedical programs for both local and international research to surmount the excess growth of diseases across Africa. It is acknowledged that African countries, particularly sub-Saharan regions, are experiencing fewer records of biomedical centers, inadequate training facilities, and unsupportive equipment to provide expertise. Read More

Shortage of oil refineries haunts Africa as fuel prices skyrocket

June 20, 2022 Blueprint 0

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations. The surge in prices comes in tandem with a spike in the cost of food after Russia sent troops into Ukraine, hitting tens of millions Read More

Air travel demands in Africa grow by 116%

June 15, 2022 David Agba with agencies 0

The International Air Transport Association (IATA) has said that air travel in Africa including Nigeria has resumed its strong recovery trend, despite the war in Ukraine and travel restrictions in China. The global trade body representing over 290 international airlines across 120 countries said the growth was driven primarily by international demand. African airlines’ traffic rose 116.2 per cent in Read More

BUA, others to push manufacturing output to N7trn

May 30, 2022 Blessing Anaro, Lagos 0

New factories built by BUA Cement and African Glass Limited as well as five new paper mills that recycles wastepaper into carton drove up manufacturing output in Nigeria in the second half of last year, industry data has shown. Manufacturing sector production output increased by almost 60 percent to N7.03 trillion in 2021 from N4.42 trillion in 2020, the Manufacturers Read More

Breaking: Buhari heads to Malabo, to attend AU summit

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

Africa, Middle East, South Asia facing worst food insecurity in history – WEF

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’ OML 17 wins PFI Africa deal of the year

May 19, 2022 David Agba 0

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

Africa should take advantage of global energy transition to eradicate energy poverty – Bonnefoy

May 17, 2022 Blueprint 0

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

Africans won’t be able to buy bread soon — AfDB

May 12, 2022 Benjamin Umuteme 0

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 reports N755m profit after tax in full year

May 12, 2022 Amaka Ifeakandu, Lagos 0

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

Why Africa needs to develop its own financing structures

May 4, 2022 Blueprint 0

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

FG advices African countries to boost indigenous innovations

April 12, 2022 Binta Shama 0

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

‘Africa must use technology to fight food insecurity – NABDA

April 10, 2022 Blueprint 0

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

As first-ever para-soccer games debut in Africa…

April 1, 2022 Felicia Oby Nwokorie 0

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

African sun embraces Egyptian Aten: COP27 unveils logo

March 29, 2022 Blueprint 0

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

China, Africa continue to jointly promote common progress

March 22, 2022 Liu Yuxi 0

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 seek global biodiversity framework implementation

March 14, 2022 Blueprint 0

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

Coalition demands Cowpea ban in Nigeria, West African countries

March 14, 2022 Blueprint 0

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

African leaders condemn coup de’tat, intensifies campaign on zero emissions

February 28, 2022 Kehinde Osasona 0

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

Should Africa be wary of China?

February 25, 2022 Abachi Silas Ungbo 0

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

AEDC takeover: CEC Africa, KANN utility to settle out of court

February 17, 2022 Segun Odunewu 0

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