Nigerians in the Diaspora gathered recently in Geneva to celebrate their country’s independence day. The occasion was the 59th Independence Anniversary of Nigeria organised by Nigerian in Diaspora Organisation (NIDO) aimed to foster stronger ties between them, the diplomatic and business communities in Geneva, Switzerland.
In a drop by with the President of the United States Donald J. Trump, held in the Roosevelt Room of the White House on 15 October, the Director General of the Universal Postal Union Bishar A. Hussein proudly displayed the letter revoking the United States’ decision to withdraw from the UN specialized agency for postal matters.
At an extraordinary shareholders’ meeting recently held in Abidjan, Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution.
This year’s 1-54 art fair in London was a real delight. Galleries from across Africa and the diaspora showcased art from the four corners of the continent including artists from Angola, Benin, Ethiopia, Kenya, Namibia, Nigeria, Senegal and Zimbabwe.
The Document would promote and ensure the adoption of gender sensitive and responsive approaches towards engendering plans and programmes, in such a way that men and women have equal access and control of productive resources and facilities to bridge gender gaps.
Peeved with the negative perception of Africa by the outside world, Chairman, Aliko Dangote Foundation (Dangote.com), Aliko Dangote, on Monday, September 23, 2019 made a philanthropic donation of $20 million to The Africa Center in New York, United States of America towards reversing the trend.
Giselle Rufer, the Swiss creator of the unique women’s wrist watch DELANCE has unveiled a new fantastic collection christened OCEANE in June during the WIntrade week in London, and also in Switzerland at Hotel Baur au Lac, Zurich on 8 September on Luxury Day where luxury products were on display; among them were silk scarf, watches, jewelries, perfumes
The Nigeria’s President, Mr. Muhammadu Buhari has told the country that the “blight of corruption is fighting back.” This is contained in his address delivered on 1st October to mark the 59th Anniversary of the country’s independence.
Africa Oil Week (www.Africa-OilWeek.com) will be the place for major national roadshows in the oil & gas sphere. This year 30 ministries are taking part with over 20 making presentation. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and government intimately involved in leading them.
ANGOLA – The President of Angola, Mr. João Lourenço has expressed the efforts being made by his country to demine the remaining minefields in the country to enable acceleration of the economic development of the country.
The AU–EU–UN Tripartite Taskforce on the Situation of Stranded Migrants and Refugees in Libya met this morning in New York in the margins of the high-level General Debate of the 74th session of the UN General Assembly.
The AU Office convened a Media Orientation workshop on Africa’s industrialization on 25th to 26th September 2019 to enable the media report competently on industrialization.
(Ecofin Agency) - Senegal is expected to achieve a 6% growth this year, the International Monetary Fund announced this week stressing that the figure should accelerate from 2022 thanks to the start of commercial production of hydrocarbons.
Between 2020 and 2021, the West African country’s GDP is expected to grow by 7% driven by private investment, and inflation is forecasted to remain low in the mid-term. However, the current account deficit is first expected to increase until 2021, as a result of imports needed for the construction of hydrocarbon projects, before declining once oil and gas production and exports begin.
As part of a 3-year program supported by the Policy Coordination Instrument (PCI), IMF wants to assist Senegalese authorities in the implementation of a “sustainable and transparent governance framework for newly-discovered hydrocarbon resources.” Let’s note the country is currently in the middle of a corruption scandal over the illegal allocation of two oil and gas fields to businessman Franck Timis by Aliou Sall, President Macky Sall’s brother.
Moutiou Adjibi Nourou
The African Development Bank (AfDB) is on a five-day consultative mission to the Commission of the Economic Community of West African States (ECOWAS) in preparation for the West Africa Regional Integration Strategy Paper (RISP) 2020 – 2025.
Nestlé announced yesterday the 3 start-ups winners of the Nestlé Research and Development (R&D) Sub-Saharan Africa innovation challenge. They are SHOPIT, EXPORTUNITY and WAKULIMA from South Africa, Benin and Tanzania respectively.
It has become routine attacks on Africans, especially the Nigerians in South Africa for more than a decade now. The past and present governments seemed not to have taken the attacks seriously hence the attacks continue to grow in scopes, casualties and destructions.
(Ecofin Agency) - Japan’s car company Toyota will soon set up a car assembly plant in Côte d’Ivoire. This is the purpose of an agreement the company signed on August 29 in Yokohama, Japan, with the Ivorian government.
African business leaders are less optimistic about the strength of the global economy and their organisations’ ability to grow revenues in both the short and medium term than they were a year ago. A quarter of African CEOs (25%) believe that the global economy will decline over the next 12 months.
The Swisscham Southern Africa (SCSA), with the support of the Embassy of Botswana recently organised an African summer barbeque to go with a presentation: An Audio–visual presentation on Botswana as a tourism and investment destination held in Georg C. Umbricht Law office at Bahnhofstrasse in the heart of Zurich.
The story of your NESCAFÉ begins long before it reaches your cup. The tiny coffee bean, which is dried, roasted and ground into the powder that you brew for your coffee, is deeply rooted in West Africa, touching many lives.
(Ecofin Agency) - The government of Benin adopted this week its Finance Act for 2020. The new budget of 1,986.9 billion CFA Francs ($3.3 billion) is 5.8% higher than the 1,877 billion CFA Francs ($3.1 billion) adopted in 2019.
(Ecofin Agency) - Optical fiber Internet provider Angola Cables and TM Global, the wholesale arm of Telekom Malaysia Berhad, entered into a partnership to connect Asia to South America via a submarine optical fiber.
(Ecofin Agency) - The Sierra Leonean microfinance institution A Call to Business Savings and Loans (ACTB) will receive $1.5 million from the Dutch Development Finance Fund (FMO) as the Fund’s first commitment to the West African country’s financial sector.
(Ecofin Agency) -Maroc Telecom announced on August 26 it has signed an investment deal with the government for MAD10 billion (about a billion dollars). Funds, disbursed by the incumbent operator, will be pumped into the development and strengthening of telecommunications infrastructure, broadband and very high speed (mobile and fixed) deployment across the country.
(Ecofin Agency) - Exchange between Africa and Russia last year reached a total of $20 billion, we learnt. While the black continent imported $17.4 billion worth of goods, it sold only $3 billion to Russia, making a $14.5 billion for Vladimir Putin’s country.
(Ecofin Agency) - Some Chinese companies committed to invest $1.4 billion in energy and mining projects in Africa. They expressed their intention during the visit to Beijing of the African Chamber of Energy (CAE), an organization bringing together government actors and companies involved in the development of the African energy sector.