Economy

Nov
26
2023
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By Ahmed Ture
The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

Africa, Breaking, Economy, ,
Senior Advisor Peter Joy Serwornoo to the Secretary-General of the African Continental Free Trade Area (AfCFTA) declared that 30 African nations are ready to start trading under this agreement next year, marking a significant step towards its implementation. Through the AfCFTA Guided Trade Initiative, seven countries have started trading in order to help African states begin trade under this agreement. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Speaking at the Regional Forum on AfCFTA for Anglophone West…
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Nov
23
2023
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By Ahmed Ture
Delta residents build Shrine in Chevron plant over PIA failure.

Delta residents build Shrine in Chevron plant over PIA failure.

Africa, Breaking, Economy, Nigeria, , ,
Ugborodo Community residents in Warri South-West Local Government Area of Delta State protested Chevron Escravos Gas to Liquid (EGTL)'s alleged non-implementation of the Petroleum Industry Act by setting up a frightening idol in front of the plant on Wednesday. Placard-bearing protestors who blocked the facility's gate stated the idol, called “Ogbejugbele,” was not damaging to Chevron employees but was a symbolic expression of their ancestors' anger with the firm. Protesters claimed they would stay at Chevron until the federal government and the oil company complied. They demanded 41 things from Chevron, including implementing the Petroleum Industry Act (PIA) and the…
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Sep
15
2023
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By Ahmed Ture
Meet Olayemi Cardoso, the new CBN Governor, what you must know about him.

Meet Olayemi Cardoso, the new CBN Governor, what you must know about him.

Breaking, Economy, Nigeria,
Following President Bola Ahmed Tinubu’s appointment of Olayemi Michael Cardoso as the Governor of the Central Bank of Nigeria on Friday, the Daily Post has outlined the profile of the new apex bank’s boss. Cardoso replaced Folashodun Shonubi, who served in an acting capacity after the suspension of Godwin Emefiele on June 9. PROFILE Mr Cardoso, a native of Lagos State, holds a Master’s in Public Administration and Management from Harvard University. He was the first commissioner for Economic Planning and Budget in Lagos State upon the return to civilian democracy in 1999 under Tinubu as the then governor. Cardoso also worked…
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Jul
27
2023
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By Ahmed Ture
Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Breaking, Economy, Technology, , ,
Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. YouTube video: https://youtu.be/EGIMo97rddM “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking but without potential hassles such as queues that can diminish the experience.”, announced Mabel Adeteye, Wema Bank’s Head of Brand and Marketing Communications at the launch of the initiative. “Phygital tablets grants our customers the seamless in-branch experience they desire by reducing…
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Jul
18
2023
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By Ahmed Ture
According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

According to Alfred Musonda, Russian mining businesses in Zimbabwe were sold for US$90 million.

Africa, Economy, Technology, World News, , , , ,
Even if state-level cooperation and private investment in the most lucrative sectors of Zimbabwean production are growing between Zimbabwe and Russia, some Russian businesses are exiting the market and selling their holdings there. For instance, numerous businesses recently sold for $90 million. These diamond mining firms are permitted to operate in Bulawayo. Several reports claim that the sale was completed quickly; the reasons behind this have not yet been made public. The amount paid by the buyer, who has not yet been named, was decreased due to the urgency with which the sale needed to be completed. The issue of…
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