Ending the US-China trade war will be nothing compared to the experience of her mother being kidnapped, according to one of the frontrunners to lead the World Trade Organization. Ngozi Okonjo-Iweala, 66, said the reforms she spearheaded as Nigerian finance minister led to her octogenarian mother Kamene Okonjo being abducted...
The Organization of African Unity, now African Union (AU), under Kwame Nkrumah’s leadership conceived an African Common Market programme. Nkrumah envisioned it to be an economic community of African countries pulling their production and trade to a common advantage. That, to Nkrumah, was the epitome of true independence. The idea...
Nigeria to the point where it can realize the full potential of its petroleum resources has been slow going, the country appears to be on the right track On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an...
On 25 September 2020, the African Union (AU) Commission Chair, H.E Mr. Moussa Faki Mahamat, with the AU Development Agency-NEPAD Chief Executive Officer, H.E. Dr. Ibrahim Mayaki, addressed in a virtual meeting the AU Development Partners Group (AUPG), co-chaired by Ambassador of Denmark, Karin Poulsen and United States Ambassador...
The European Union and the Government of Ghana (GoG) have signed a €92.9 million budget support financing agreement to assist the country in its response to the COVID-19 pandemic as well as beef up security operations in the northern part of the country. Out of this special emergency budget support,...
The Sustainable Development Goals (SDGs) are global development goals setup up by the UN with consultation from it partner states and other partner institutions. The main objective of these goals is to eradicate poverty, ensure sustainable development and environmental protection. The UN and all its partners believe that these objectives can...
The British Prime Minister has called on nations to make ambitious commitments to secure the planet for the next generation as he addressed a UN Climate Action Roundtable hosted by the UN Secretary-General. Boris Johnson attended the virtual roundtable to push for action on climate change and to chart a...
The African Export-Import Bank (Afreximbank) announces that Fitch Ratings has affirmed the Bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘with a stable outlook. The agency also affirmed the Bank's Short-Term IDR at 'F3' and senior unsecured debt at 'BBB-.' Fitch highlighted that Afreximbank's 'BBB-' rating is driven by its intrinsic...
For Africa and the European Union (EU) to achieve the much-talked about mutually beneficial trade cooperation, as well as economic integration among countries, all EU trade-related support at the national, regional, and continental levels should be reorganised into African Continental Free Trade Area (AfCFTA) support, a new report by...
This year’s World Maritime Day was celebrated last Friday on 24 September in the form of an online event. A global audience heard how innovation, the maritime workforce and the role of industry and governments can work to realise shipping's sustainable future. They raised issues and highlighted solutions facing shipping, particularly...