BUSINESS

President Bola Tinubu of Nigeria and German Chancellor Olaf Scholz on Friday evening in Dubai, United Arab Emirates, witnessed the signing of an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The agreement, consummated on the sidelines of the COP28 climate summit, was signed by Mr Kenny Anuwe, …

Germany is offering itself to African countries as a long-term and reliable economic partner. That is the message of Berlin at the G20 Compact with Africa (CwA) Conference in the German capital city this week. “Africa is our partner of choice when it comes to intensifying our economic relations and taking the common path to a climate-neutral future,” said Chancellor …

President Bola Tinubu has called for German investment in critical sectors of the Nigerian economy such as power and rail transportation. Tinubu made the call at a meeting with German Chancellor, Olaf Scholz, on the sidelines of the G20 Compact with Africa Economic Conference, on Monday in Berlin. The president said that German investment was needed in critical growth-enabling industries …

President Bola Tinubu of Nigeria is scheduled to arrive Berlin on Saturday for a three-day official visit to Germany. Among other activities, he will attend the G20 Compact with Africa (CwA) Conference, hosted by German Chancellor Olaf Scholz, on Monday (20 November). “During the conference, President Tinubu will join other Heads of State and Government of CwA member countries, bilateral …

The Federal Government of Nigeria has launched the Diaspora Housing Scheme that enables Nigerians outside the country to access up to N50 million in mortgage loans, repayable over a period of 10 years at an interest rate of 6.9%. The scheme, facilitated by the Nigerians in Diaspora Commission (NiDCOM), is to promote an active involvement of Nigerians living abroad in …

Addis Ababa, Ethiopia – Monday, 31 October 2023 – The Global Startup Awards Africa (GSA) Africa, in collaboration with the Global Innovation Initiative Group (GIIG), the Ethiopian Ministry of Labour and Skills (MOLS), the Ethiopian Ministry of Innovation and Technology (MInT) with the support of the Entrepreneurship Development Institute (EDI) Ethiopia, revealed the names of 16 category winners at the …

The 2023 Nigeria Diaspora Investment Summit will hold on 13-15 November in Abuja. The event brings together Diaspora investors and people seeking investment opportunities in Nigeria. Nigerians living across the globe are expected to converge at the annual event, convened by the Nigerians in Diaspora Commission (NiDCOM), to network for the purpose of investing in their homeland. The Summit is …

A new network to bring together industry professionals and thought leaders to foster collaboration and inspire innovation within the African business community will launch in November. Its aim is to ignite opportunities for its members —— PRESS RELEASE Alfajiri Business Networking, a dynamic and inspiring networking platform, is thrilled to announce its official launch on 16 November 2023. Under the …

From 8 to 12 November, around hundreds of exhibitors from all over the world will present their products at Bazaar Berlin, the international fair for Crafts Fair, Design, Natural Goods and Fair Trade Products. From sustainable furniture and wood accessories from Portugal or hand-printed cotton fabrics from India to Bolga baskets from Ghana – everything revolves around arts and crafts, …

The bilateral trade between Germany and Nigeria hit the €3 billion mark in 2022, German Ambassador to Nigeria, Annett Günther, has announced. This is against €2 billion recorded in 2021. The envoy, who disclosed this at a press conference in Abuja on Thursday, said Germany remains Nigeria’s second biggest partner behind the United States. ”Germany contributed a total trade volume …

The eldest daughter of Nigeria‘s President Bola Ahmed Tinubu will be honoured in the German capital city on 18 November. Chief (Mrs) Mujidat Folasade Tinubu-Ojo, an astute business woman and indefatigable social entrepreneur, will receive an award for her tireless efforts to promote trade and investment in Nigeria at the 1st Hope Renewal Africa Awards in Berlin. The event, christened …

In an exclusive interview with The African Courier, Godfrey Chukwuemeka Evurulobi, CEO of Gosab Care GmbH, explains the opportunities for self-employment in the care sector in Germany for Africans and how you can easily get started in the business. The Nigerian-born entrepreneur runs three companies – Gosab Personalmanagement und Consulting, Gosab Care GmbH and Gosabflex GmbH, from Cologne with branches …

Providing nursing care to the people in need of it is the most promising business an African can go into in Germany. That is the view of Godfrey Chukwuemeka Evurulobi. And when the Nigerian-born entrepreneur talks he should be listened to. For he is the founder and CEO of the Gosab Group of Companies, a Cologne-based provider of nursing care …

ANNOUNCEMENT The extraordinary seminar programme offered by the State of Berlin on the topic of start-ups and self-employment for people with a migration background interested in starting a business begins a new round in July! For the past 21 years, the state of Berlin has been strengthening cultural diversity of Berlin’s start-ups and has been running the seminar series “Vielfalt gründet” (formerly: …

The Central Bank of Nigeria (CBN) has announced that its “Naira 4 Dollar” remittance scheme will end on 30 June 2023. The policy, which was introduced in March 2021 to encourage the inflow of foreign currency, will no longer be in operation as from 1 July, it said. Under the scheme, the CBN pays out a reward of N5 for …

A landmark event in the industrialisation of Africa took place on Monday, when the continent’s largest oil refinery was commissioned in Lagos. Witnessed by five African heads of states, the opening of Dangote Petroleum Refinery and Petrochemicals is being greeted continent wide as another evidence that things are looking up for African development. Built by Africa’s richest man, Aliko Dangote, …

The ADAN Career Day 2023 will take place for the 4th time in a row on 2 June at the IHK in Frankfurt am Main. This year, the Afro-German initiative, in partnership with Linkedin, pursues an important goal by aiming to consolidate its status as the largest hybrid career fair for BPoC (Black and people of colour) in Europe. More …

There are many opportunities for startups in Germany. A few tips that will help you achieve success. —— Find a space for your ideas  For years, Berlin has also been regarded as Germany’s startup capital. Every year, more than 500 new businesses are launched there. However, cities in the Ruhr region, such as Essen or Dortmund, repeatedly top the German rankings because …

Berlin is awarding prizes to entrepreneurs with a migration background operating in the city, which is also a federal state. The prize, Vielfalt unternimmt – Berlin würdigt migrantische Unternehmen and awarded once in two years, gives public recognition to the achievements of minority entrepreneurs who are contributing greatly to the economic development of the city. The prize was first awarded …

Producing in Africa is not only lucrative for the investors but also means reducing poverty and dependence on foreign suppliers. Yet Africa is still not seen in Europe as a favourable destination for investors. Dennis Elverir, head of the Africa office of African Investment Consultancy, explains how and where to invest in Africa and the hurdles to to watch out …