The Federal Government of Nigeria is all set to release N350billion ($1.1billion) as the first tranche for the implementation of the 2017 budget, according to the Minister of Finance, Kemi Adeosun (photo). Speaking at the public presentation of the 2017 Appropriation Act in Abuja on Monday, Adeosun explained the government currently has sufficient fund to commence the execution of key projects...

A memorandum of Understanding (MoU) has been signed between the Ministry of Power, Works and Housing, the Dangote Group, the Nigerian Ports Authority (NPA) and Flour Mills of Nigeria, regarding the rehabilitation of the worn out 2km-long Wharf road in Apapa, Lagos. Worth N4.34billion ($13million), the project will be carried out by the construction arm of the Dangote Group, AG Dangote and will...

The spokesman to the Acting President of Nigeria, Laolu Akande, has revealed that half of the food aid sent by the government to about 1.8 million people displaced by the Boko Haram insurgency in the Northeast has been diverted. This year, about 1.5 million people are reported to be exposed to famine in the region, where 20, 000 people have been killed by the Islamic militants. By this reason,...

On the sidelines of the Youth Day held on June 18 in Hammarsdale, South Africa’s president, Jacob Zuma, brought up the land issue saying that it should be resolved within the country’s constitution and laws. However, he added that if these laws cannot help resolve the issue, they may be amended for that purpose. “The land question is very much related to the economy. The day there was...

Despite economic challenges in Africa, hospitality development activity has increased 13% in 2017. This was indicated in the 2017 annual survey of W Hospitality Group. This figure as well other statistics related to hotel development across the continent will be discussed by industry leaders and government officials at the seventh Africa Hotel Investment Forum (AHIF) which will be held in...

On June 9, the Centre for support of pygmy peoples in the Democratic Republic of Congo (CAMV) has organized a meeting to assess the implementation of the agreement signed in 2014 by the Bukavu peoples and authorities. According to the agreement, the pygmies were to be given access to the lands of the Kahuzi Biéga national park. However, three years after its signing, CAMV reveals that pygmies...

The World Bank has approved the Business Environment and Entrepreneurship development policy loan, amounting to $500 million, to support Tunisia’s efforts to improve business environment and boost entrepreneurship. This was revealed by the institution in a press statement released on June 13, on its website. According to the statement, the facility aims to “support key pillars of the...

The World Bank has approved the Business Environment and Entrepreneurship development policy loan, amounting to $500 million, to support Tunisia’s efforts to improve business environment and boost entrepreneurship. This was revealed by the institution in a press statement released on June 13, on its website. According to the statement, the facility aims to “support key pillars of the...

Senegal is considering helping Gambia face the power crisis which it currently experiences. SENELEC, Senegal’s power utility is currently looking at exporting its power surplus to Gambia, the country’s minister of power, Thierno Alassane Sall, said. “As we speak, we have an excess output of 200MW which is not being used. We even negotiated with a neighboring country (Mali, editor’s note)...

In Kenya, Mombasa governor candidate from Jubilee Party, Suleiman Shahbal, and his running mate, Anania Mwaboza, promised to, if elected, set aside each year, throughout their mandate, $9.6 million to settle the 300,000 squatters of the county. “We plan to form a board which will enable us as the county government to set aside funds in the county budget to buy land in dispute and settle...