Electricity distribution companies (DisCos) are against the government’s move to escrow their revenue accounts claiming it would mean their nationalization. The Federal Government, it should be recalled, said it wanted to access the firms’ accounts over the poor market performance on their monthly remittances. At the end of 2016, the Executive Managing Director of the Market Operator, an arm...

In Nigeria, Dangote Flour Mills announced last Tuesday that it sold its assets in the noodle business to“indomie” maker Dufil Prima Foods. DFM aims, through this deal, to focus on more strategic segments.  DFM’s group managing director, Thabo Mabo, said the group will focus on flour and pasta production where it has a stronger presence. For the GMD, the deal with Dufil Prima Foods is...

World Bank will inject $200 million into Nigeria’s livestock sub-sector, revealed Adetunji Oredipe, World Bank’s FADAMA Team Leader. The facility will be dedicated to a project which aims to revive the sector and for which discussions with the government are ongoing. According to the team leader, livestock production in Nigeria is faced with a feed quality issue. The $200 million...

In Burundi, the Batwa ethnic minority denounces its exclusion from land ownership, as compared to Hutu and Tutsi majorities. An injustice which adds to another included in the March 2005 constitution of the nation which states that power is divided 60-40 between the Hutus and Tutsis respectively. Not granted access to agricultural lands, Batwas practice pottery, however they are threatened by...

Five countries are placed equal at the top of the ranking of African nation with the best electrification rates, according to the Global Energy Architecture Performance Index Report 2017 released on March 22 by the World Economic Forum and Accenture Strategy. The five countries which are located in Northern Africa (Algeria, Egypt, Libya, Morocco and Tunisia) are among the 69 nations out of the...

ASKY, the Pan-African Airline, is delighted to inform its esteemed passengers that flights will recommence to and from the Nnamdi Azikiwe International airport in Abuja, Nigeria as from the 20th of April 2017.  ASKY recommences following its usual flight schedule of:  DAYS ORIGIN DEPARTURE ARRIVAL DESTINATION           Tuesday -...

In the wake of a first loan granted in 2012, Proparco has renewed its commitment to Aeria – which holds the concession to operate Abidjan’s Felix Houphouët-Boigny Airport – with a second loan of €13 million repayable over 11 years. The first loan went towards expanding and upgrading the airport while the new loan will be used to expand the airport’s capacity in a context of...

On Tuesday, April 18th, the Abuja airport reopened after a six-week closure for runway repairs.Announcing this, Henrietta Yakubu, spokeswoman of the Federal Airport Authority of Nigeria, said an Ethiopian flight airlines from Addis Ababa was the first to land on the renovated runway. “Abuja runway is 100 percent and certified by Nigerian Civil Aviation Authority. Consequently the airport is...

Food aid provided by the United Nations World Food Programme (WFP) to the Northeast region, where about 4.7 million refugees from Boko Haram conflict are, might be cut. This was revealed by reliable sources familiar with the matter, Reuters reports. “With the money they have right now, and if they won’t cut rations, they can go only to May 18,” said one of the sources who...

Nairobi is the most expensive city in Africa. This is revealed in the 2017 report on life cost from The Economic Intelligence Unit (EIU), subsidiary of renowned British newspapers. Worldwide, Kenya comes 75th in this index which compares each year prices for 160 goods and services across the globe. Coming second in Africa with Abidjan is Cairo. They are both 99th worldwide. These are followed...