Nigerian energy provider, Eterna Plc, has this week announced the appointment of Benjamin Nwaezeigwe as the company’s new Managing Director/Chief Executive Officer. Effective 1st August 2022, Nwaezeigwe assumed the role he had been performing as Acting MD/CEO since 17th April 2022, on…
European carriers are grappling with disruptions and suspended flights throughout the African continent as Niger’s junta enacted a sudden closure of its airspace on Sunday. The move has prompted concerns and added…
In a startling turn of events, the United Nations food agency’s rice price index surged by 2.8% in July, marking its highest level in almost 12 years. The sharp increase has been…
In a strategic move that underscores the changing dynamics of the pharmaceutical sector and the economic challenges faced by businesses in Nigeria, GlaxoSmithKline Nigeria (GSK Nigeria) has announced its decision to halt…
In a series of significant developments, British Foreign Minister James Cleverly concluded a productive four-day visit to Africa, sealing pivotal agreements with Zambia aimed at fostering cooperation in clean energy and critical…
Diageo, the world’s leading spirits maker, recently reported a dip in its annual sales volumes, with its East Africa operations bearing the brunt of the impact. According to Lavanya Chandrashekar, Chief Financial…
In a move that has sent shockwaves through the global food markets, India, the world’s largest rice exporter, has ordered a halt to its largest rice export category. The decision to ban…
The African Development Bank Group has made a significant move to bolster its private sector operations by appointing Ousmane Fall as the new Director of Non-Sovereign Operations and Private Sector. The Senegalese…
Standard Chartered has announced its decision to sell its subsidiaries in five sub-Saharan African countries to Nigeria’s Access Bank. The move follows Standard Chartered’s plan, unveiled last year, to divest its businesses…
Ivory Coast, the world’s leading cocoa-producing nation, has been hit by a series of heavy rains and floods in recent weeks, prompting the suspension of cocoa contracts for the 2023-2024 season. The…
During S&P Global’s emerging market conference in London, one of the firm’s top sovereign rating analysts, Frank Gill, highlighted the positive economic policy developments in Nigeria and Kenya. Gill also, however, expressed…