BUSINESS

Currently, Russia supplies about a third of Europe’s crude oil imports and nearly half of its natural gas, some 150 to 190 billion cubic meters of gas per year. With concerted effort, Africa can help Europe overcome its dependence on Russian gas, argues NJ Ayuk, Executive Chairman, African Energy Chamber

AfricaTech Awards to spotlight the next generation of African innovators by recognizing cutting-edge solutions in the climate tech, health tech and fintech sectors — PARIS, France, 8 March 2022 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) today announced a call for applications for the first edition of the AfricaTech Awards, a pan-African initiative developed to …

Microsoft has announced new initiatives to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s startup ecosystem over the next five years. The company’s recently launched global Founders Hub will now be available to African startups through the Africa Transformation Office (ATO). The Founders Hub is a self-service hub that provides startups with a wide range of …

AFRIKA KOMMT! – a further training programme for young African executives – brings together the most visionary young leaders from Africa and leading German companies. Companies benefit from the expertise, knowledge, local network and unique African perspective of the young professionals. The African fellows dive deep into the German corporate specifics, German business spirit and the German culture. The programme …

Verner Ayukegba, Senior Vice-President of the African Energy Chamber, reveals Top Four Sectors for FDI in Angola ———- Over the course of 2022-2023 Angola aims to consolidate its post COVID-19 economic recovery agenda on the back of stronger oil and gas prices. Given the landmark USD$100 per barrel price threshold being exceeded, analysts are projecting an upbeat economic outlook for …

The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday ABIDJAN, Ivory Coast, March 1, 2022/ — United States Congressman Gregory Meeks has warned that the United States would only be part of the future if it invests in Africa now. The congressman …

Centurion International AG has listed on the Open Market of the Düsseldorf Stock Exchange, marking a historic moment for the firm as it moves to enhance international investment and collaboration within Africa’s diverse economy. With the listing, the pan-African firm will now be owned by employees and the public. The energy advisory and legal services company provides a gateway for …

Africa is a huge market of the future! More and more German companies are becoming active in African countries. But how do they acquire the necessary know-how to successfully do business in the African market? That is exactly the focus of the 7th German-African Business Forum NRW, holding virtually on 16 February 2022. Under the motto “Africa Business 2022: global …

Start-up funding in Africa topped $1.2 billion in 2020 – a six-fold increase in five years, but still less than 1% of the value that US start-ups raised. The continent’s research and development (R&D) investment is only a quarter of the global averageAfrica is trailing behind the world in developing a knowledge-based, digital economyGovernments can change this by fuelling tech …

The German Development Cooperation here in Abuja, Nigeria, has a field of action called Business Ideas for Development. Their main aim is to support Nigerian professionals in Germany who are interested in starting a business in Nigeria

While the exact level of threat posed by the newly-discovered Omicron variant of COVID-19 remains to be seen, the reaction from the global community - travel restrictions, potential lockdowns - could have a severe impact on the region's economic fortunes.

NJ Ayuk, Executive Chairman, African Energy Chamber, argues against those pushing for a halt to new investments in Africa’s oil and gas industry. The majority of those making these demands are based in industrialized nations that were built on fossil fuels, he argues. For more than a year, the African Energy Chamber has been pushing back against steadily building pressure …

It is projected that under the African Continental Free Trade Area, extreme poverty will significantly decline across the continent, writes Zion Adeoye, Managing Director for Centurion Law Group’s AfCFTA Desk, and he lists what Africa has to do to realise the potential of the trade agreement — Established in 2018, the African Continental Free Trade Area (AfCFTA) represents perhaps Africa’s …

African tech startups raised a record-breaking $4.42 billion in funding in 2021, with the investment in African innovation almost doubling since 2020. With this increase in funding, comes an increased demand for hands-on support and access to markets from startups in Africa. Therefore, the Telecel African Startup Initiative Program (ASIP) powered by Startupbootcamp (SBC) AfriTech, has opened applications for its …

The Nigerian government has announced that the Siemens AG power project which plans to grow the country’s power delivery to 25,000 megawatts will be revived in the first quarter of 2022. The Minister of Power, Abubakar Aliyu, made the announcement on Thursday, explaining that the German firm, Siemens AG, would begin operations in Nigeria soon and that activities to get …

JOHANNESBURG, South Africa, 8 December 2021/ African Media Agency (AMA)/: The Financial Mail Adfocus has honoured renowned marketer, Thebe Ikalafeng, with the 2021 Lifetime Achievement Award for his contributions to marketing, branding and the industry in a standout global African career that spans over 25 years. The Jury agreed that not only is Ikalafeng a legendary marketer, but what set …

The first Nigerian-German Trade & Investment Expo will hold in Berlin on 12-13 May 2022. Making the announcement at the General Meeting of the Nigerians in Diaspora Organisation (NIDO) Germany, held on 3 December, Femi Awoniyi, the group’s president, said the event would boost economic relations between both nations. Organised collaboratively by NIDO Germany and the Abuja-based The African Trade …

Tobi Lafinhan, a Nigerian, has a background in civil engineering combined with over 4 years of experience working in leading organisations in West Africa across a variety of industries, including tech. He is currently the Co-founder of Venture for Africa, a fellowship program designed to fill talent gaps in Africa’s startup ecosystem by enabling top local and global fellows to …

Angola’s Special Economic Zone, provides new services to national and foreign investors with the inauguration of the GAI – Investor Support Office The Luanda-Bengo Special Economic Zone (ZEE)  launched a useful new tool for investors,  the GAI (Guiché de Apoio ao Investidor), or Investor Support Office, which in addition to supporting the presidential directive to facilitate access for national and …

President Muhammadu Buhari Wednesday in Paris, France, says outlook on Nigerian economy remains bright, with sustained investments in infrastructure, particularly ICT, that favour global businesses and a friendly regulatory environment that supports Foreign Direct Investments (FDI). In a keynote remark at the Nigeria International Partnership Forum, with focus on “Beyond the Pandemic”, President Buhari said the Nigerian economy was being …