Spar Opens 14th Store in Nigeria
10/12/2018One of the leading hypermarket chain stores in the country, Spar Nigeria, has announced the opening of its 14th store; the largest of its outlets in Opebi, Lagos. The opening.
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Airtel to Establish Payment Service Bank
10/12/2018Airtel Nigeria has announced plan to set up a Payment Service Bank (PSB) in Nigeria, following the Central Bank of Nigeria (CBN) issuance of guidelines for licencing PSBs in the.
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Business & Economy
Smile, Taxify Collaborate to Boost Driver-Rider Experience
10/12/2018Smile Communications Nigeria is set to enhance the experiences of Taxify drivers and their riders through a strategic partnership deal with Taxify. The move was designed to improve internet connectivity.
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Business & Economy
Seraphim opens first African solar cell factory in South Africa
10/12/2018Seraphim Solar System Co. Ltd, a global solar product manufacturer, has announced the inauguration of a new 500 MW solar cell factory in the Coega Industrial Development Zone of Port.
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Business & Economy
Egyptian Government approves Mubadala Petroleum and BP in Nour North Sinai Offshore concession
10/12/2018The sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour North Sinai Offshore.
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Business & Economy
Petra Diamonds sells South Africa mine for $14
10/12/2018Petra Diamonds has offloaded its Helam mine in South Africa for a total price of ZAR 200 ($14). Petra put the asset on care and maintenance in 2015 after failing.
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Business & Economy
Dangote produces 1.5m metric tons of sugar annually
09/12/2018Dangote Sugar Production Company is producing 1.5 million metric tons of sugar annually, the Director Sugar of the company, Alhaji Abdussalam Ibrahim Waya, has said. Waya stated this at Dangote.
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Business & Economy
AIIB invests $510 mln in sustainable infrastructure for Egypt
09/12/2018The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved $510 million funds for two infrastructure projects in Egypt. Co-financed with the Government of Egypt and other lenders, the.
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Business & Economy
Women economic empowerment key for Africa’s development – Alejandro Alvarez de la Campa
09/12/2018When women are economically empowered, they bring more benefits to society than the case with men, said World Bank’s practice manager for competitiveness, and innovation global practice on Saturday. Providing.
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Business & Economy
IMF approves $3.7bn credit for Angola
09/12/2018The International Monetary Fund (IMF) has approved $3.7 billion credit to Angola, the agency said. IMF, in a statement, said the three-year credit, under the Extended Fund Facility, was aimed.
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