African Business: Ghana to stop importing Gas from Nigeria

Ghana is working towards weaning itself from gas supply from Nigeria, the Minister of Petroleum, Mr Emmanuel Armah-Kofi Buah, has said. Gas supply from Nigeria Gas has, since August 2012, not been regular due to factors, including natural causes, industrial actions and Ghana’s indebtedness of more than $80 million to N-Gas, a Nigerian gas company. The erratic supply of gas […]

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Africa: Kenya ranks among top five improving nations in corporate governance

A new report by Institute of Directors Kenya shows that the East African country ranks 14th in Africa, and is one of the top five improving nations in corporate governance. The report comes on the back of investment firm Cytonn Investments saying that at least 2.6 billion dollars of investor’s wealth had been lost as a result of corporate governance […]

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African Mall: Shopping Malls construction on the rise in Nigeria, South Africa on decline

Construction of shopping malls in Nigeria, Africa’s largest economy, is on the rise, while in South Africa development of new malls has tremendously declined. Despite its large economy and high population – over 170 million people – the West African oil producing nation has lagged behind on the shopping mall construction craze that hit the continent over the last decade. […]

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African Business: Jovago becomes Jumia Travels

After four years of successfully growing its influence on the online merchandising platform, Africa Internet Group, has consolidated its various online trading platforms into one new brand to be known as Jumia, as it aims at becoming Africa’ one number one–stop online destination. Following this development, which was revealed over the week, all it existing platforms have been rebranded as […]

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African Business: Free wifi from Zenith Bank for its Bank customers in Africa

ZENITH Bank Plc has rolled out free Wi-Fi at several of its branches nationwide to enable people in close proximity perform a wide range of internet related activities such as app downloads, website browsing for information, online banking, online researching and lots more. The Bank has also installed a wide-range free Wi-Fi hotspot covering the Lagos University Teaching Hospital, LUTH, […]

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ECOWAS to seek private participation in the Lagos-Abidjan Road project

ECOWAS

MARCEL de Souza, president of the ECOWAS Commission, and his management team held a meeting on July 21, with the permanent representatives of ECOWAS in Abuja. The meeting which will from now be held bi-monthly was called by President de Souza to among other things brief the permanent representatives on the main conclusions of the 49th Ordinary Session of the […]

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African Trade: Ghana is China’s biggest trading partner in West Africa and Number 5 in Africa

Trade volume between Ghana and China hit $1.8 billion in the first quarter of 2016, ranking Ghana Beijing’s largest trading partner in West Africa and 5th on the continent, the Chinese Ambassador to Ghana, Sun Boahong has said. In 2015, trade figures with China rose to 6.6 billion, an 18 percent year-on-year growth. “China’s non-financial direct investment inflows into Ghana […]

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African Business: Railway confusion in East Africa as Dar es Salaam-Kigali rail lines secure funding

According to information received from Dar es Salaam has the Tanzanian government signed a comprehensive financing deal with China’s EXIM Bank, securing the necessary funds to commence construction of this new Central Corridor mega rail project. Once complete will the new Standard Gauge (SGR) line link the port of Dar es Salaam with Kigali, though there are also plans afoot […]

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African Entertainment: Friends Fun Wine to sponsor Nigeria’s Next Super Models 10th Anniversary

By Renn Offor A new wine, Friends Fun Wine has just been introduced into the Nigerian beverage market. And in a wine tasting session which was part of the initial press briefing, Joan Okorodudu, CEO Isis Models, speaking about the friends Fun Wine, revealed that Intercontinental Wines and Beverages Nigeria Limited, makers of the Friends Fun Wine would be sponsoring […]

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African Business: Etranzact rebrands, repositions across markets

Keeping up with its ethos of constant innovation, Etranzact, Africa’s foremost e-payment solutions provider has announced its corporate rebranding and strategic repositioning in transaction switching, mobile banking, mobile money, bulk payments, remittances, bills and utilities payments, collections and other payment technology areas. The strategic rebranding of its identity, vision, mission, products and people, reaffirms the company’s leadership in the above […]

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