Tag: africa
-
Who Will Save Us From The African Big Man? – Azu Ishiekwene
By Azu Ishiekwene There are many African proverbs that convey the importance and place of family bond in society. One of my mother’s favourites was, “Nwene nmadu bu uko ogbo.” The literal English translation is, “Your brother or sister is your covering or your cloth.” South Africans have a profound expression of this bond. They…
-
Cross River Rice city will be best in Africa when operational – Ayade
Governor Ben Ayade of Cross River State has said that then when completed and in operation, the state rice city under construction will be the best seedling plant in Africa. Ayade stated this, Monday, while inspecting the level of work at the project site situated along Goodluck Jonathan bypass in Calabar. In his words: “We…
-
Recession: Sub-Saharan Africa economy to recover slightly in 2017 – IMF
Economic growth in sub-Saharan Africa should recover slightly to 2.6 per cent this year after a more than two-decade low in 2016 as commodity exporters face lower prices, the International Monetary Fund, IMF, said on Tuesday. The slight rebound will be driven by a recovery in oil production in Nigeria, higher public spending ahead of…
-
We lose over $50bn yearly to illicit cash flows in Africa – Adeosun
The Minister of Finance, Mrs Kemi Adeosun, says Africa loses over 50 billion dollars, yearly, to illicit financial flows through money laundering, corruption and tax evasion. Adeosun said this at the opening ceremony of a capacity building workshop on the use of beneficial ownership information and the recovery of assets in Africa on Wednesday in…
-
Time for Nigeria to stand up for Africa – Owei Lakemfa
By Owei Lakemfa A calamity hit Africa late March. A conference, crucial to its immediate needs, was slated from March 23-28, 2017. It was primarily for African development, and involved all African Ministers for Finance, Planning and Economic Development as well as development partners and civil society groups. Organized by the African Union (AU) and…
-
58 Nigerian companies among fastest growing in Africa – LSEG
The London Stock Exchange Group (LSEG) on Friday launched a report that listed 58 Nigerian companies among the fastest growing private businesses in Africa. The report published on the LSEG website-www.lseg.com in London identified 343 companies in 42 African countries. It described the Nigerian companies, including small business concerns that made the list, as the…
-
Nigeria hosts Africa as AAMA beckons
-Association of Africa Maritime Administrations meet in Abuja. -IMO Secretary General, Kitack Lim to lead International Stakeholders In a bid to continue to improve on its role as a global player in the comity of maritime nations, Nigeria would be hosting the third Conference of the Association of Heads of African Maritime Administrations (AAMA Conference)…
-
African underdevelopment will continue, says American diplomat
By Festus Adedayo PhD A development economist, Mr. Brian Browne, has said that the economic underdevelopment of Africa and third world nations in general, would continue until there is a change in the economic design of the world which he said was deliberately made to keep poor nations down. He said this at the 90th…
-
Only Africans will buy African oil – Emperor Baywood
Amidst global uncertainty about the future of crude oil and its implications on oil-dependent economies like Nigeria, the President and CEO, Baywood Group, Emperor Chris Baywood Ibe, has called for a more integrated continental trade structure amidst African countries, saying “Africans are the only ones that will buy their oil.” Speaking in Lagos during a…
-
Wrong time to leave ICC now, UN envoy tells Africa
The UN Special Adviser on the Prevention of Genocide, Adama Dieng, has warned African countries that withdrawing from the International Criminal Court (ICC) could have grave implications for victims seeking redress for serious human rights violations. Dieng, who stated this in a commentary, said the setting up of the tribunal was a “reckoning” for those…