Chinese Firms To Start Work On $4.8 billion Africa’s Second Largest Hydroelectric Plant In Nigeria – Minister Nigeria will build the second-largest hydroelectric plant in Africa after the government settled a legal dispute that was delaying the project, Power Minister Sale Mamman said. “We have now overcome the major problem […]
Economy
Japan, Singapore In Brink Of Recession As Coronavirus Spreads Japan and Singapore are on the brink of recession and South Korea on Friday said its exports to China slumped in the first 20 days of February as the outbreak upends global supply chains. Factories in China, Southeast Asia’s largest trading […]
UK-Africa Investment Summit: Nigeria Benefits From £6.5bn Commercial Deals, £1.5bn Aid The British High Commissioner, Catriona Laing, on Tuesday said the UK-Africa Investment Summit has launched a new partnership for growth in Nigeria. The British Commissioner said in a statement that commercial deals worth £324 million (over ₦153.4 billion) has been […]
Ethiopia Targets $7.5 billion by Privatizing Its Economy The government targets $7.5 billion to boost it’s economy to deal with dwindling exports and growing foreign debt. For decades, Irba Jana has scraped out a modest living from sugar cane, selling his harvest to mills run by Ethiopia’s state-owned sugar monopoly. […]
Nigeria To Borrow $4.3 billion To Fund 2020 Spending Plans Nigeria has revealed plans to borrow 1.549 trillion naira ($4.3 billion) from domestic and international markets to fund its 2020 budget, according to the country’s Debt Management Office. Director General, Patience Oniha said a little more than half 805 billion […]
Biden, Buttigieg, Ready To Challenge President Trump On The U.S. Economy At Tuesday night’s primary debate in Iowa, several of the 2020 Democrats stressed that they were ready or even looking forward to going after the incumbent on this front. “With regard to the economy, I can hardly wait to […]
Is Prime Minister Modi Watching As India Hits Worst Economy In 42 Years? The only real debate about India’s economy is exactly when things were as bad as they are in 2020. From some vantage points, the 5% inflation-adjusted growth expected for the fiscal year ending in March is the […]
Nigeria’s Economy To Grow By 2.1% In 2020 – World Bank The World Bank has predicted that Nigeria’s economy will grow by 2.1 percent in 2020, adding that growth in the West African Economic and Monetary Union is expected to stabilise at 6.4 percent. The bank made the prediction in […]
The African Export-Import Bank (Afreximbank) yesterday in Malabo received the award for the African Bank of the Year at the African Banker Awards 2019 ceremony held on the sidelines of the Annual Meetings of the African Development Bank. Amr Kamel, Afreximbank’s Executive Vice President for Business Development and Corporate Banking […]
American retailers, manufacturers and tech companies warned President Donald Trump on Thursday that tariffs on China will damage the US economy, lead to job losses and harm millions of consumers. More than 600 companies and industry trade associations — including Walmart, Costco, Target, Gap, Levi Strauss and Foot Locker — wrote to […]
How Pentagon Diverted Another $1.5 billion For Trump’s Border Wall The Pentagon has diverted an additional $1.5 billion in Defense Department funds from various accounts in order to fund President Donald Trump’s border wall, acting Defense Secretary Patrick Shanahan told reporters Friday. He said the military has found a way […]