The 12th edition of Obangame Express (OE23), the largest international maritime exercise in Western and Central Africa, began on Monday with 33 organizations and nations taking part, including Nigeria....
China urges the US to address its debt issues after Yellen’s comments about Africa
-
January 25, 2023
-
George Adjei
Chinese officials in Zambia had a direct answer this week when U.S. Treasury Secretary Janet Yellen referred to China as a “block” to debt restructuring in Africa. They said:...
The 125 billion barrels of oil in Africa could run out due to a lack of markets
-
January 25, 2023
-
George Adjei
Stakeholders warned yesterday in Abuja that unless the continent develops a local market for its hydrocarbon resources, its 125 billion barrels and more than 630 trillion cubic feet (TCF)...
East Africa’s intra-trade growth trajectory is still excellent
-
January 25, 2023
-
George Adjei
The East African Trade Council reached a value of $10.17 billion in intra-trade during the final quarter of 2022, accounting for 20% of all intra-trade in global trade. The...
Huge economic boost for Nigeria as the largest cargo ship docks at Lekki Deep Seaport
-
January 25, 2023
-
George Adjei
President Muhammadu Buhari gave the $1.5 billion Lekki Deep Seaport in Lagos its formal commission on Monday. The largest seaport in West Africa and state-of-the-art infrastructure will revolutionize how...
Massive victory for South Africa’s new gas project
-
January 25, 2023
-
George Adjei
Renergen, a natural gas producer, has announced that the first batch of liquid helium has been generated at the South African-based Virginia Gas Project. The Virginia Gas Project is...
Ghana topped the 2022 Digital Competitiveness Index for West African nations
-
January 24, 2023
-
George Adjei
By implementing sound policies to improve its digital sectors, Ghana outperformed other African nations such as Cote D’Ivoire, Nigeria, Burkina Faso, and Niger, among others, in the poll. Nigeria...
In Kenya, remittances from the diaspora have surpassed the country’s natural resources in value
-
January 24, 2023
-
George Adjei
In Kenya, remittances from the diaspora currently make up a larger portion of the nation’s overall revenue than some of its actual exports. According to a recent estimate, Kenya...
Nigeria continues to be Africa’s top oil exporter
-
January 23, 2023
-
George Adjei
According to figures from the Organization of the Petroleum Exporting Countries (OPEC), Nigeria maintained its position as the top oil producer in Africa for two consecutive months by pumping...
Jime: Africa needs to get rid of tariff and non-tariff barriers to promote trade
-
January 23, 2023
-
George Adjei
According to Emmanuel Jime, the executive secretary of the Nigerian Shippers’ Council (NSC), in order to quickly remove the various tariffs and non-tariff barriers preventing intra-African trade, African countries...