Emeke; The Theme of “Lack”: Redefining the Narrative on Infrastructure in Africa
A strong, if not pervasive, theme on infrastructure in Africa is one of minimal existence, or lack of infrastructure. Reference is often made to the age and decay of infrastructure. [...]
GE hits 100th power plant milestone in Sub-Saharan Africa
American energy firm GE Power (General Electric) has reached its 100th power plant installation in Sub-Saharan Africa. The significant milestone was achieved with power plants in Angola powered by trailer-mounted [...]
Nigeria Has the World's Highest Number of People Living in Extreme Poverty, Says Report
Nigeria is now ranking as the top country with the largest number of people living with extreme poverty according to the World Poverty Clock report compiled by Brookings Institute. Nigeria [...]FDI Inflows to Africa fell by 21% in 2017 UNCTAD report
Foreign Direct Investment (FDI) INflows to Africa slumped to $42 Billion in 2017, which is a 21 per cent decline compared to 2016. According to the UNCTAD World Investment Report [...]Aliko Dangote Secures license to establish new Peugeot plant in Nigeria
Africa's richest man Aliko Dangote has signed a joint venture agreement with PSA Peugeot Citroen and five northern Nigeria state governments to re-start assembling of cars in the country by [...]South Sudan issuance of 500 pound note unlikely to stem soaring inflation
South Sudan Central Bank recently announced that it will issue a new 500-pound banknote that will reduce the burden of carrying large amounts of paper money as well as improve [...]Volkswagen South Africa Reaches 1m Target in Engine Production
Volkswagen Group South Africa (VWSA) has produced its one-millionth EA111 engine, marking a significant milestone in its history. “This is the most successful line that we have run in the [...]Abraaj Agrees to sell its Fund Business which include Java Brookside
Troubled Dubai-based private equity firm Abraaj Group has agreed to sell a huge chunk of its fund business to US investment management firm Colony Capital according to various media reports. [...]South African Reserve Bank to launch Nelson Mandela banknotes
The South African Reserve Bank (SARB) is set to launch its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary. These notes will [...]AECF to invest US$ 300 million in private sector to impact 25 million people in rural Africa
The Africa Enterprise Challenge Fund (AECF) has committed to invest more than US$ 300 million (KES 30 billion) in the next three years to support businesses in the renewable energy [...]MasterCard Set to Introduce Contactless Card Payments in Africa
MasterCard has introduced a program to create contactless payments in the next five years allowing cardholders to pay for products and services without the need to enter their PIN. The [...]South African Reserve Bank Successfully Tests Blockchain-Based Payment System
The South African Reserve Bank (SARB) has successfully completed a 14-week realistic trial of its proof of concept interbank clearance and settlement system built on Quorum, an Ethereum-based enterprise blockchain [...]
