Nigeria gets $800m credit from Japan for Jebba Power Plant rehabilitation
As part of its support for Nigeria’s power sector, the Japanese government has offered $800 million credit line to Nigeria…
Naira may fall to N400 to a dollar by week end
The exchange rate between the naira and the dollar closed yesterday at N370 to $1 hitting another new low. The…
FCMB forays into East Africa as oil woes hit Nigeria market
First City Monument Bank (FCMB) is planning to expand in two African countries as the drop in oil prices continue…
Weak rand no catalyst for South African exports
SOUTH Africa’s struggling manufacturing sector has so far failed to capitalise on a weak currency to boost its exports, stymied…
Barclays in debate on future of African unit
Barclays’s board is debating the future of its Africa business at meetings that started on Wednesday in London, with options…
Investment bright spots shine on in Africa
Africa’s biggest economies have been hammered by the collapse in commodity prices over the past 18 months but there are…
FG talking to oil groups and banks to finance new drilling and repay debt
The federal government of Nigeria is in talks with oil majors and banks to raise capital for new drilling and…
Delta Africa buys warehouse in Mozambique
DELTA Africa, the largest pan-African listed property fund, has announced that it will acquire a warehouse complex in Pemba, Mozambique.…
Ethiopia quietly makes strides in robotics to improve lives
THE black-and-white robot stopped and its eyes suddenly lit up. Rotating 90 degrees, it recognised the blue plastic ball a…
Museveni says he will go only if he loses Uganda’s presidential election
Ugandan President Yoweri Museveni once said leaders who “overstayed” in power were the root of Africa’s problems, but 30 years…