Tag: Africa

C&I Leasing Plc shareholders have unanimously approved the conversion of $10 million loan to equity for Neoma Africa Fund (formerly Aureos African Fund). The shareholders gave the approvalat the company’s Extra-Ordinary General Meeting (EGM) on Tuesday i...

The African Association of Cross Border Trade has called for collaboration with the Nigerian Shippers’ Council in the area of trade facilitation amongst ECOWAS countries, expansion of and compilation of trade statistics on Cross Border Trade.  ...

The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes former BBC Africa Business editor, Larry Madowo. Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, i...

Development of homegrown solutions and adequate investment in human capacity building and agricultural expansion are key steps that will help to rebuild Africa and put the continent on a stronger footing post Covid-19.  Various experts and leaders who mad...

Global leaders at the second edition of United Bank for Africa (UBA) African Day Conversations, have emphasised the need for meaningful collaborations between governments and the private sector as a panacea for the quick recovery of the economy of the...

The West African States (ECOWAS) has ordered over one million kits  for member states to help fight the coronavirus pandemic. The new order,according to the sub-regional body, is to supplement its ongoing distribution of other kits and medicines including...

United Bank for Africa Plc (UBA) has announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the Coronavirus (COVID-19) global pandemic. The donation will p...

Africa needs an immediate emergency economic stimulus to the tune of 100 billion dollars, owing to the COVID-19 outbreak, the African Finance Ministers have said. This is contained in a statement by Communication and Media Relations Department of the group,...

All is set for Ecobank Nigeria’s 2020 Regional Trade Forum in Lagos. The forum taking place in March, will be a two-day event, providing the opportunity for exporters and importers within the African region to exhibit their products in a...

Most African Capital Markets are too small to attract the attention of international investors, the Chief Executive Officer, Johannesburg Stock Exchange (JSE), Dr Leila Fourie has said.  To reverse the trend, Fourier has called for adequate liquidity thro...

Japanese FPSO supplier, MODEC has signed a contract with Woodside Energy to supply a Floating Production Storage and Offloading (FPSO) vessel for Senegal’s first offshore oil development project.  MODEC currently operates three FPSOs in Ghana and Côte ...

United Bank for Africa Plc (UBA) on Monday announced the appointment of Oliver Alawuba as Chief Executive Officer of UBA Africa, overseeing UBA’s operations in 20 countries in Africa ex-Nigeria.  A statement signed by Group Company Secretary, Bili Odum ...

The African Development Bank (AfDB) portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released by the bank’s Communication and External Relations Department on Sunda...