No plan to return to Ogoniland says Shell

No plan to return to Ogoniland says Shell The Shell Petroleum Development Company of Nigeria Limited (SPDC), says it has no plan to return to Ogoniland for oil and gas exploration. According to Mr Bamidele Odugbesan, Shell’s Media Relations Manager, the SPDC as operator of the SPDC Joint Venture (SPDC JV) carried out exploration and […]

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Africa50 receives additional equity investment from Kenya, gains Rwanda as new shareholder

Africa50 receives additional equity investment from Kenya, gains Rwanda as new shareholder   President Uhuru Kenyatta of Kenya has announced Nairobi, that his country would double its shareholding in pan-African infrastructure investment platform Africa50. Kenya, increased its current investment to US$100 million. In his keynote address at Africa50’s 3rd General Shareholders Meeting, he expressed his […]

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“Preparations for Intra-African Trade Fair Goes into Top Gear. Trade Minister says AfCFTA Will Raise Trade by 52%”

“Preparations for Intra-African Trade Fair Goes into Top Gear. Trade Minister says AfCFTA Will Raise Trade by 52%” From right to left, Ahmed El Sewedy, Chairman of El Sewedy Group, Tariq Qabeel, Minister of Trade and Industry of Egypt; Olusegun Obasanjo, former President of Nigeria and Chairman of the IATF2018 Advisory Council; Benedict Oramah, President […]

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Google launches GIC Nigeria 2018, commits $2m

Google on Wednesday launched the Google Impact Challenge (GIC) Nigeria 2018 aimed at empowering the citizens to drive community impact. The Google Country Marketing Manager, Affiong Osuchukwu, said at the unveiling in Lagos that Google would commit two million dollars into the project in form of grants to non-profits using technology to reach their goals. […]

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Telecom Egypt secures $200 million Afreximbank Financing Facility

Telecom Egypt secures $200 million Afreximbank Financing Facility The African Export-Import Bank (Afreximbank) will commit up to $200 million to Telecom Egypt (TE) to enable the telecommunication company to finance working capital and investments in its infrastructure under a deal coordinated by the Abu Dhabi Islamic Bank-Egypt. The agreement for the short-term dual tranche facility, […]

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