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…
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…
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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…
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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…
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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…
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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…
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LeapFrog Investments, a sustainability-focused asset manager, has announced its ambitious plan to invest USD 500 million in companies addressing climate change in Asia and Africa. The commitment was unveiled at the Climate…
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Nigeria’s average daily petrol consumption has experienced a remarkable 28% decline since President Bola Tinubu made the crucial decision to eliminate the popular yet financially burdensome fuel subsidy at the end of…
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