The Federal Government of Nigerian through the Ministry of Communication plans to partner with the European Union Commission (EUC) in creating a Digital Single Market in the country. Speaking during a meeting with EUC officials, Adebayo Shittu (photo), the Minister of Communications, noted that high returns in investment and an emerging market makes Nigeria one of the new frontiers for...

In 2017, banks operating in sub-Saharan Africa will record lower profits than last year as a result of a difficult economic situation in the region. This was revealed by Fitch Ratings in a report it published on February 7. “SSA banks are facing severe macro challenges, including slow GDP growth, foreign-currency scarcity and external risks,” Fitch said in the report. “In this difficult...

Once again, there is mutiny in the Ivorian army. This time around, it is the Special Forces that are at it. Reuters which reports the news says there were gunshots at coastal town Adiake where the forces are based. Populations, following the event, fled and locked themselves indoors. Reasons for the new mutiny are the same as for those that preceded it. The soldiers are now asking for the...

Ivorian ministry of agriculture and rural development has secured from the African Development Bank (AfDB) FCFA3.8 billion ($6.2 million), reads a note published by l’Agence ivoirienne de presse. “The grant which was provided in line with AfDB’s 2013-2017 Country Strategy Paper will be used to boost rural land management in the country. It will be used to establish Village Committees for...

A Nigerian team led by the Minister of Industry, Trade and Investment, Okechukwu Enelamah (photo) is to head to Rwanda this week for talks with the other African countries over the Continental Free Trade Area (CFTA) agreement. This team, according to the Strategic Communications Adviser to the Minister of Industry, Trade and Investment, Constance Ikokwu, has an obligation to convince the 53...

The Nigerian Ministry of Budget and National Planning, Udoma Udo Udoma (photo), forecast an economic growth of at least 7% by 2020, under the medium-term economic recovery plan. “Our goal is to have an economy with low inflation, stable exchange rates, and a diversified and inclusive growth,” the minister said in a statement. According to him, the plan's top priorities are agriculture, food...

The Nigerian Minister of mines and steel development, Kayode Fayemi (photo), together with other African ministers of mines are leading a new drive to reverse the unlawful outflow of the continent's mineral resource wealth. This is coming after new data from the United Nations Economic Commission for Africa (UNECA) showed that over $50 billion is lost by African countries every year to...

Power Africa, a United States’ energy project, has added 30,000 new solar connections in Nigeria, U.S Ambassador to Nigeria, Stuart Symington, said in a statement on Monday. The Ambassador made the declaration during a fact-finding assessment visit in Abuja. In 2016, the U.S. through its Overseas Private Investment Corporation (OPIC) signed an agreement with Lumos, an off-grid electricity...

Nigeria is looking to pass an anti-piracy law that will reduce the activities of pirates and other maritime offenders in the country, an official revealed on Monday. Speaking on the progress of the law, the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside (photo), said, when passed, the bill will make Nigeria become the first African country...

Senegal secured CFA79 billion ($129 million) to implement programmes to boost mechanization and acquire more agricultural equipment. The announcement was made by Lamine Lô, head of the cabinet of Senegal’s minister of agriculture and rural equipment which shed some lights on the various sources of financing for the programmes. The Brazilian programme “Maïs Alimentos” will direct FCFA45...