In Angola, the kwanza will not be devaluated, any soon at least. This was announced by the governor of the Central Bank of Angloa, Valter Filipe da Silva, at the end of joint session of economic commission and the commission for the real economy of the council of ministers. The governor explained that inflation which exceeded more than 40% has considerably decreased over the past months. "That...

Telecom Egypt’s Chief Executive Director, Ahmed El Beheiry, revealed on June 22 that the firm is about to take a $720.22 million loan. The company’s board approved the loan conditions and it will be paid back over the next eight years. The loan will be used to improve infrastructures and develop mobile internet services. Telecom Egypt made the announcement regarding the loan a day after...

Etisalat Nigeria and Comptel Corporation have launched a time-based mobile data solution called BlazeOn, in the Nigerian market. Powered by Comptel’s FWD solution, BlazeOn allows internet users to know how much mobile data they consume while browsing or streaming. FWD is a cloud-based solution that allows contextual and time-based data packages to be purchased directly from end user...

The volume of trade between Nigeria and Mexico rose from $166.5 million in 2012 to $600 million in 2016, Deputy Head of Mission of the Mexican Embassy, Rodrigo Tenorio, revealed in Abuja. “Though the figure may be small but in reality it is a huge transaction that we have in the last 15 years which was $45 million. What that means is that it has grown more than 500 times and...

Germany-based solar developer, Soventix, and Gentec EPC, a pioneer in the Nigerian energy industry, have together formed a joint venture to develop solar projects across Nigeria. Called Soventix Hybrid Limited, the first phase of the joint venture will focus on industrial rooftop solar applications that will synchronize with existing generators or grid power systems. This will allow industries...

ASKY, The Pan African Airline is pleased to announce the commencement of daily flights between LAGOS, ACCRA and ABUJA starting July 3rd, 2017 according to the below Schedule in UTC: Schedule for LAGOS-ACCRA v.v. Days Origin Departure Arrival Destination Daily ACCRA 0845 0945 LAGOS Daily LAGOS 1455 1555 ACCRA Schedule for ACCRA-ABUJA v.v. ...

Akinwumi Adesina (photo), the President of the African Development Bank (AfDB), has been honored for his efforts to make food available to Africans. The 57-year old who was Nigeria’s immediate past Minister of Agriculture was on Monday, awarded the 2017 World Food Prize laureate for driving change in African agriculture and improving food security for millions across the continent. The World...

The Nigerian Bank of Industry (BoI) is looking to borrow about N1trillion ($3.1billion) from local and foreign development partners to improve its capital base. Speaking while inspecting some of the projects supported by the bank in Edo State, the Managing Director of BoI, Olukayode Pitan, explained that by increasing its capital base BoI would be able to meet the demand of investors in...

In the Democratic Republic of Congo, the Minister of Land Affairs, Lumeya Dhu-Malengi on June 24, 2017, told land title holders of Kinshasa that the State would retrieve all agricultural lands which have not been put to use as they should. This was reported by Radio Okapi. “We must go on the field. All lands we gave out and which are valorized enough, we will take back. There is a problem in...

The Togolese government said it wants to provide power to more than two million people in the country with its CI-ZO initiative. Under the project, authorities with distribute in rural areas individual solar kits which will be progressively reimbursed via mobile payments. To achieve its objective, the government will “take advantage of the growth of mobile telephony and innovative business...