• Elumelu splits ‘Africapitalism’ idea in North Africa

    Elumelu splits ‘Africapitalism’ idea in North Africa

    Founder Tony Elumelu foundation and chairman of United Bank for Africa (UBA) Tony Elumelu, CON has appealed  for a shared approach to African development describing it as the only means to achieving sustainable economic development, political stability and economic prosperity on the continent.

    He made this call in Tunisia at an event attended by 15 delegations who represented the United Nations and several countries, including Germany, Canada, France, Qatar and Algeria who took part in the Tunisian government’s International Investment Conference dubbed […]

  • Drug cartels now turn to Africa for heroin -NDLEA

    Drug cartels now turn to Africa for heroin -NDLEA

    The National Drug Law Enforcement Agency (NDLEA), has raised the alarm that drug cartels are gradually changing their modus operandi by turning to African in sourcing narcotics like heroin.

    This was disclosed in a statement by NDLEA on Tuesday, while announcing the arrest at the Lagos airport, of two suspects attempting to transport 6.390 kilogrammes of substances that tested positive for heroin.

    Cajetan Egwin, a commercial tricycle rider in Owerri, was caught on arrival from Kigali, Rwanda while King Sunday, an Abuja […]

  • AfDB to boost power supply in Africa with $12 billion -Adesina

    AfDB to boost power supply in Africa with $12 billion -Adesina

    Akinwumi Adesina, president of the African Development Bank (AfDB) has explained that the bank would invest $12bn over the next five years to support accelerated electricity supply in Africa and would leverage between $45 to $50m from the private sector.

    He disclosed this at the Africa Day in Marrakech, Morocco on the side-line of COP22, organized by African Union (AU) in collaboration with Nigeria and Economic Community of West African States (ECOWAS), with the theme, “Moving from Commitment to Action with […]

  • Mobile Subscribers in Africa Surpasses Half a Billion – GSMA

    Mobile Subscribers in Africa Surpasses Half a Billion – GSMA

    Africa is expected to cross one billion mobile subscriptions in the fourth quarter of 2016, reaching 1.02 billion by year-end.

    This is according to market research and advisory firm Ovum, which also forecasts the total number of mobile subscriptions on the continent will rise to 1.33 billion at the end of 2021.

    However, the firm says growth in new mobile subscriptions is slowing, pointing out the average rate of mobile penetration in Africa was 79% at the end of June. Mobile voice […]

  • God amalgamated Nigeria to lead Africa, says Maitama Sule

    God amalgamated Nigeria to lead Africa, says Maitama Sule

    Elder statesman, Alhaji Maitama Sule, on Tuesday in Abuja said that the amalgamation of 1914 was God’s handiwork to make Nigeria the leader of the black race.

    He stated this at the public presentation of two books, “Know About Corruption” and “Rebirth of Conscience”, authored by Amina Othman, a member of staff of the Bureau of Public Enterprises.

    Sule, who was the keynote speaker, stated that Nigeria could only realise God’s will to lead Africa if its people were united, morally upright, […]

  • Good News!! UEFA Champions League Final Matches Could Be Played In Africa

    Good News!! UEFA Champions League Final Matches Could Be Played In Africa

    The Champions League final could be contested outside Europe for the first time, new UEFA president Aleksander Ceferin said on Thursday.

    Ceferin told the Associated Press he will revive an open bidding process for the right to host the climax to the European club season and is open to the game being staged in New York.

    “I think it might be an idea in future but we have to speak about it,” Ceferin said, highlighting how travel times across Europe can be […]

  • Ogun signs agreement for second largest refinery in sub-Saharan Africa

    Ogun signs agreement for second largest refinery in sub-Saharan Africa

    According to reports, the Ogun State Government has signed agreement with a consortium of four private firms to build a refinery, proposed to be the second largest in sub-Saharan Africa.

    The agreement also included the building of the largest petroleum product depot in Nigeria.

    The agreement was signed in Abeokuta on Wednesday between the government and four firms: Petrolex Oil and Gas, Hyundai, Ajayi Legal Partners and Wema Bank Plc.

    The Chairman, Petrolex Group, Segun Adebutu, who led the other partners at the […]

  • Nigeria slips to 6th top investment destination in Africa

    Nigeria slips to 6th top investment destination in Africa

    Nigeria has given in its number five spot to Kenya as it slipped to number six in the list of top 10 investment destinations in Africa.

    Nigeria had held her current position (6th) in 2011, according to the sixth edition of Rand Merchant Bank’s (RMB’s) annual report.

    The latest RMB report blamed current recession for Nigeria’s slip, noting that the economy has been weighed down by a dismal economic growth outlook and weak operating environment. Nigeria is going through its first recession […]

  • Despite recession, Dangote vows to scale up investments in Nigeria, Africa

    Despite recession, Dangote vows to scale up investments in Nigeria, Africa

    In recognition of his immense contribution to human capital development in Africa through the establishment of businesses across the African continent, a United States of America-based organization, Africa-America Institute, has honoured the President of Dangote Group, Aliko Dangote, with the “2016 African Business Leader Award”.

     

    The business guru was named and presented the award at a colourful ceremony held on the sideline of the United Nations Congress held in New York, United States alongside other prominent Africans like Stephen Hayes, President […]

  • Obama opens new African American Museum amid national racial strife

    Obama opens new African American Museum amid national racial strife

    President Barack Obama heralded Saturday the opening of the National Museum of African American History and Culture, an institution dedicated to the many threads of black suffering and triumph.

    The first black president of the United States cut the ribbon to inaugurate the striking 400,000-square-foot (37,000-square-meter) bronze-clad edifice before thousands of spectators gathered in the nation’s capital to witness the historic opening.

    “Beyond the majesty of the building, what makes this occasion so special is the larger story it contains,” said Obama […]

  • Nigeria has second largest number of paediatric surgeons in Africa – PAPSA

    Nigeria has second largest number of paediatric surgeons in Africa – PAPSA

    The president of Pan African Paediatric, Surgical Association (PAPSA), Prof. Essam Elhalaby, said Nigeria has over a 100 fully trained paediatric surgeons, making her the second largest in the continent after Egypt.

    Elhalaby, at the pre conference workshop of the association, said trained paediatric surgeons in the country have a long experience in the field, which would be useful at the conference to proffer solutions to the numerous challenges.

    Elhalaby, a professor of paediatric surgery at the Tanta University in Egypt noted […]