The Real Reason Gambia’s President Yahya Jammeh Isn’t Stepping Down After Conceding defeat
One of the gentler techniques that Gambian President Yahya Jammeh has used to stay in power for the last 22 years is sacking his staff members seemingly at random, before any of them could conspire against him. From cabinet ministers to diplomats to army chiefs, it wasn’t unusual to serve just months or even weeks […]
Nigerian Development Guru Amina Mohammed Appointed to the U.N. leadership
The incoming U.N. Secretary-General, António Guterres, has designated Nigerian environment minister Amina Mohammed as his right-hand woman. The 54-year-old, who is of mixed British-Nigerian heritage, brings a wealth of development experience to the role. Mohammed has worked alongside outgoing U.N. chief Ban Ki-moon in pushing the international community to wipe out poverty and tackle climate […]
Mugabe Says Some Ruling Party Officials Plotting Against Him
President Robert Mugabe of Zimbabwe says some ruling party officials have been plotting to oust him. The 92-year-old Mugabe warned of threats to his long rule during a speech Friday at the opening of a ruling party conference in the southeast town of Masvingo. The ZANU-PF party is expected to endorse Mugabe as its candidate […]
Political flux threatens stability of business environment in East Africa for 2017
Macro-economic instability fuelled by low oil prices and global economic sentiment will continue to be the main driver of business risks across East Africa in 2017. Governance improvements and the embedding of certain democratic practices and norms will limit the scope of potential for deterioration, but challenges will still persist. Cyber-attacks are advancing in nature. […]
State visit to the People’s Republic of China by His Excellency Ali BONGO, President of the Gabonese Republic
The President of the Gabonese Republic, His Excellency Ali Bongo Ondimba, has completed a state visit to the People’s Republic of China, from 6 to 9 December 2016, at the invitation of the Chinese President, His Excellency Xi Jinping. During the trip – Mr Bongo Ondimba’s first outside of Africa following his reelection and also […]
Burkina Faso Exceeds its Development Plan Objectives By A Very Wide Margin
The President, His Excellency Roch Marc Christian Kaboré, and the government of Burkina Faso, managed to mobilise almost 28 billion euros (18,500 billion CFA francs) within the framework of the conference of partners for the financing of the National Economic and Social Development Plan. More than 350 people participated in the first day of the […]
The African Development Bank appoints MCB Investment Management as Fund Manager for its first Fixed Income Exchange Traded Fund (ETF) in Africa
The African Development Bank (AfDB)has appointed MCB Investment Management (MCBIM) , a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. The Board of Directors of the AfDB has also approved a seed equity capital investment of USD 25 million for the ADBF. The […]
Nigeria Signs Billion Dollar Deals With China for it’s Oil and Gas
The agreements set the stage for jointly developing, financing, and constructing several high profile projects including crude oil and gas pipelines, oil refineries, port, highways, and railways across Nigeria. Chongqing Construction Engineering Group Co. Ltd (CCEGC) Chairman/Party Secretary General Mr. Yang Jingpu, Tianjin Energy Resources Ltd (Tianjin) Managing Director Engr. Peter Lin, Oilserv Limited (Oilserv)Chairman […]
The Africa Finance Corporation (AFC) to host Africa’s most critical summit on African infrastructure in Abuja
The Africa Finance Corporation (AFC) will host what is being billed as the continent’s most critical summit on African infrastructure in Abuja, Nigeria, on 27-28 March 2017. AFC Live 2017, to be opened by Nigeria’s President Muhammadu Buhari, is a global event that will bring together financiers, developers and policy makers to discuss how to […]
Ghana Political Parties should put Small & Medium Business high on Agenda
The party that emerges as the winner of Ghana’s general election, to be held on 7 December, should seize the opportunity to drive economic growth by creating policies and a legislative environment where business builders can thrive. That’s according to Magnus Nmonwu, Regional Director for Sage in West Africa, the market and technology leader for […]
