Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to advance trade...
Declares Profit Before Tax of N105.3 billion
Recommends N0.85 Total Final Dividend for the Year
United Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive...
Fintech is boosting financial inclusion across Africa, according to Ecobank ,the leading independent pan-African banking group, a pioneer in Africa’s digital transformation and the main sponsor of the 2018 Africa Tech summit taking place today.
Although over 80% of Africans have mobile phones, only around one quarter (28%) of them...
Excess supplies seen falling from record to about 50,000 tonnes
Demand is growing in countries, including Indonesia and India
The world just can’t get enough chocolate.
With "tremendous" demand in emerging markets looking set to continue this season, the world’s third-largest cocoa processor is projecting a sharply smaller global surplus....
Dr Akinwumi Adesina, President, African Development Bank (AfDB), says the bank would invest 12 billion dollars in the power sector in Africa in four years with the goal of
leveraging on the aviation sector.
He said this while speaking with the News Agency of Nigeria (NAN) in Abuja.
Adesina said the aviation...
The second edition of the Future Cities Show, that will take place in Dubai, UAE, from April 9-11, 2018, will set the tone for smart cities through the three pillars – sustainability, innovation, happiness and showcase the future of urban life. With a theme of achieving sustainability through innovations,...
Africa cannot depend on others to finance education on the continent when it has the wherewithal to do so, President Nana Addo Dankwa Akufo-Addo has said.
He said Africa has the resources and capacity to finance access to quality education of its citizens, and also promote the continent’s interests.
"If we...
Ouided Bouchamaoui, the 2015 Nobel Peace Prize Co-Laureate, has warned that Africa’s growing youth population could be a plus for Africa or a political time-bomb. This, according to her, depends on how leaders anticipate the future.
In remarks she made at the African Development Bank’s Eminent Speaker Series seminar on...
South Africa’s Reserve Bank said on Monday, the Bank of Baroda has notified the office of the registrar of banks of its intention to exit from South Africa.
“The Registrar, which is part of the South African Reserve Bank (SARB), is in discussions with the Bank of Baroda to ensure...
South Africa's embattled President Jacob Zuma has resigned from his office with immediate effect.
He made the announcement in a televised address to the nation on Wednesday evening.
Earlier, Mr Zuma's governing ANC party told him to step down or face a vote of no confidence in parliament.
The 75-year-old has been...