Africa 

Boris Johnson announces ‘preferential trade system’ for 65 developing countries

British prime minister Boris Johnson says his country will support the development of clean energy among Commonwealth nations, announcing a package with a potential to create over 180 000 jobs and cut carbon emissions. Addressing the Commonwealth Business Forum in Kigali, Rwanda on Thursday, Boris said the British International Investment would put £160 million into hydropower in Africa, generating electricity… Read More
Africa 

Hichilema: Zambia ‘well placed’ to cope with food crisis

Zambia’s President Hakainde Hichilema said Thursday that his country is “well placed” to weather the global food crisis worsened by the war in Ukraine. “As the world faces critical shortages of key agricultural produce, and as we witness the devastating effects of food insecurity in all our regions of Africa and beyond, Zambia is well placed,” Hichilema told the European… Read More
Africa Business Featured World 

The power of renewal – the current status of energy transition in Africa

– – Post-pandemic, new solutions are being implemented to address Africa’s power challenges, which have been hampered by a lack of competitive funding, the dire state of the continent’s utilities infrastructure, and the need for energy policy and legislative reform to boost investment in the sector. Such solutions have had to consider energy transition and the utilization of renewable energy,… Read More
Africa West Africa World 

Top Nigerian senator and wife charged over organ-harvesting

– – Prosecutors in the United Kingdom have charged a top Nigerian senator, Ike Ekweremadu and his wife with conspiring to transport a child into the UK in order to harvest organs. The said child of an undisclosed age has been taken into care, according to UK authorities. The investigation began when detectives were alerted to potential modern day slavery… Read More
Africa Business World 

What’s the future looking like for gold trading?

– – Gold. For millennia it has been a highly valued commodity. At first it was used for trading and then became a material in which wealth could be invested in the form or decorations and jewellery. But more and more as time has gone on, gold has become a precious metal whose value has been regarded as being stable,… Read More
Africa 

Cabo Verde: ‘Unprecedented’ food insecurity triggers social and economic emergency

Recent hard-won gains in food security and nutrition are at risk, the UN agency said, forcing the government this week to declare a social and economic emergency.  Unless urgent action is taken, the crisis will severely disrupt food access and agricultural production, putting more lives in jeopardy as the country depends largely on food imports to meet its needs.  Communities… Read More
Africa Investments 

Cameroon: African Development Bank Board approves €39.6 million loan to improve access to Kribi industrial and port area

On Wednesday, 22 June, the Board of Directors of the African Development Bank approved a €39.62 million loan to Cameroon to improve road access to the industrial and port areas of Kribi, in the south of the country. Designed for implementation of the second phase of the Kribi Industrial and Port Area Access Roads Development Project, the funds will complement the… Read More
Africa Investments 

Africa50, African Development Bank and the newly launched African Sovereign Investors Forum signal strong desire to jointly mobilize capital for…

The African Development Bank, Africa50, and Africa Sovereign Investors Forum (ASIF), have signed a letter of intent to collaborate on developing green and climate resilient infrastructure projects across Africa. The three entities will work together to galvanize financing and to drive the development of skills and expertise within the infrastructure sector. The signing took place on 20 June 2022 in… Read More
Nigeria News and Headlines 

DEALING WITH VOTE BUYING IN NIGERIA: THE CAUSES, THE EFFECTS AND THE REMEDIES

Vote buying is rapidly becoming a momentary menace in Nigeria political space. Since the country returned to democracy in 1999, vote buying has steadily grown in scale and brazeness. It is now becoming a new normal for many Nigerian politicians to induce the electorate with materialistic items or benefits either in form of monetary cash, gifts or both. Schaffer (2007)… Read More
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