AFDB to elect new President this week
The Africa Development Bank, AFDB, will pick a new President at its meeting taking place on Thursday. At the meeting, five candidates from South Africa, Senegal, Zambia, Chad and Mauritania,…
Nigeria’s mining reforms now yielding result – Minister
The Minister of Solid Minerals Development, Mr Dele Alake, has disclosed that Nigeria’s solid minerals sector, attracted over $800 million in processing projects in 2024, following the implementation of key…
Congo keen on signing new mineral deal with US
Officials from the Democratic Republic of Congo are optimistic they can reach a deal with Washington next month to secure U.S investment in critical minerals alongside support to end a…
CBN major increase in subscriptions, now 1.21 trillion naira
The Central Bank of Nigeria recorded a sharp increase in subscriptions at the last treasury bills primary auction. The total subscriptions of N1.21 trillion exceeding the N500 billion on offer,…
Top 10 most profitable small business ideas in Nigeria 2025
Are you brainstorming on small business ideas you can start in Nigeria? Here are ten of the most profitable small business ideas in Nigeria for 2025;POS BusinessThe rise of agency…
Nigeria to overhaul telecom sector with new $1 billion investment
Nigeria’s telecommunications sector is set to experience a dramatic improvement in service quality by the third quarter of 2025, driven by a monumental $1 billion investment in network equipment, the…
Nigeria targets 300 billion revenue new bond auction
The Nigerian government is expected to generate a total of 300 billion in revenue from the domestic bond market in May 2025.The auction will be held on May 26th, and…
Nigeria’s external debt servicing grows by 50%, now $2.01 billion
Nigeria spent approximately $2.01 billion on external debt servicing between January and April 2025, a 50% increase from the $1.33 billion recorded in the same period in 2024. According to…
Uganda signs new $800 million financing deal with Islamic Development Bank
Uganda has entered into a $800 million financing agreement with the Islamic Development Bank to support major development projects aimed at enhancing the country's trade and infrastructure. According to the…
Haier to set up assembling hub in Kenya by 2026
The giant China’s Home Appliances company Haier, plans to launch a local asembling business in Kenya starting next year 2026 to deepen its presence in East Africa and create local…
