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No less than N1.3 trillion ($4.3 billion or €3.8 billion) was spent by the Nigeria on the importation of rice, fish, sugar and wheat in the last 12 months, the Central Bank of Nigeria (CBN) said on Tuesday. The bank’s Deputy Governor, Corporate Services, Edward Lametek, spoke at a seminar organised for Finance reporters in Owerri, Imo State. Speaking on …

The historic People of African Descent (PAD) Week Germany ended on Saturday in Berlin with workshops and panel discussions on the situation of Black people in the country. Organised by Each One Teach One (EOTO) e.V., a community-based education and empowerment project, PAD Week Germany, held on 28-30 November and attended by more than 250 participants, also marked the third …

About 250 people came together for the event to press for more recognition of the challenges faced by Black people in Germany and for concrete actions to be taken by decision makers to address these challenges.

In what could be described as a historic congress of Black people in Germany, their organisations and groups will gather in Berlin for three days (28-30 November) to take stock of the situation of people of African descent in the country. On the first day of PAD (People of African Descent) Week Germany, Black organizations will converge for the first …

Pittsburgh, US-based Carnegie Mellon University (CMU) has opened its newly-built African campus in Kigali, Rwanda. The institution is the only American research university offering master’s degrees with a full-time faculty, staff and operations in Africa. Inaugurating the campus on Friday (22 November), President Paul Kagame said Rwanda had the potential, will and capacity of hosting international centres of excellence such …

The World Health Summit 2019 was recently concluded in Berlin, Germany. It once again highlighted the enormous opportunities awaiting Africa if it could tap into the potential of the Digital Age. Our Contributing Editor and global health enthusiast, Dr Michael Nnaji, was at the event and he reports.

Ambassador of Mauritius to Germany, Prof Kheswar Jankee, has identified factors inhibiting Africa’s development and preventing the continent from realising its huge potential. Speaking at the 2019 Global Partnership for Africa’s Development (G-PAD) Forum, which took place on 22-23 November in the German city of Tubingen, the diplomat and scholar said it’s frustrating talking about African development challenges despite its …

The 2019 Global Partnership for Africa’s Development (G-PAD) Forum took place on 22-23 November in the German city of Tubingen.

German Chancellor Angela Merkel hosted African leaders to a meeting in Berlin on Tuesday. The summit, the third within the framework of the G20 Compact with Africa (CwA) initiative, seeks to promote increased private sector investment in Africa. At a meeting at the federal chancellery attended by representatives of the 12 partner countries of the CwA and South Africa, being …

Stakeholders from 8 African countries deliberate on policies and frameworks to drive innovation, technology and sustainable mobile payment ecosystem Key representatives from over 8 countries in Africa gathered at a workshop organized by Vodacom in Dar es Salaam on Wednesday (21 November) to look into trends and developments shaping the mobile money industry in Africa. Sub-Saharan Africa is home to …

Temie Giwa-Tubosun, whose company LifeBank delivers blood to in-need hospitals in Nigeria, took first place in Jack Ma’s inaugural Africa Netpreneur Prize contest on Saturday (17 November) during a five-hour finale taped for TV in Accra, Ghana. Giwa-Tubosun pitched her way to a $250,000 cash prize over the course of eight months, beating out about 10,000 other applicants from 50 of Africa’s 54 …

The European Investment Bank (EIB) has launched SheInvest, a new initiative that aims to mobilise 1 billion euros of investment to benefit millions of women across Africa with better access to finance and by making sustainable infrastructure services and products work for them. This initiative was launched simultaneously at the Africa Investment Forum, which took plan on 11-13 November in …

The primary objective is to increase the attractiveness of private investment in African countries through substantial improvements in the business climate in the continent.

The foundation of Chinese billionaire and founder of the Alibaba Group, Jack Ma, hosted its first annual Africa Netpreneur Prize Initiative grand finale on Saturday in Accra, awarding $1 million in prize money to 10 entrepreneurs from across Africa. The Africa Netpreneur Prize Initiative (ANPI) is a flagship initiative of the Jack Ma Foundation, created by Jack Ma after his first …

The 2-day event, featuring keynote speeches, plenary sessions, debates, case studies’ presentations, among others, will deliberate on strategies for mutually beneficial cooperation between Africa and its global partners towards reducing aid dependency in the continent.

The launch of its 4G network provides Tizeti the opportunity to drive the growth in demand for eCommerce, music, interactive games and video consumption in Nigeria.

The end is near for one of the most contentious legacies of French colonialism in Africa. The eight-member nations of the West African Monetary Union have “unanimously” decided to end the policy of keeping their foreign reserves in the French Treasury President Patrice Talon of Benin has announced that the foreign reserves of the West African CFA franc, the currency …

The Mastercard Foundation Centre is inviting educational technology innovators to apply for funding to grow their ventures while contributing to improving the quality of education in Africa. The deadline for submissions is..

Africa’s agribusiness sector is expected to reach $1 trillion by 2030, so there is certainly cause for optimism. Consumer demand for food in Africa is growing at an unprecedented rate. But what is fuelling this growth? Mariam Yinusa and Edward Mabaya, Principal Economist and Manager, respectively, in the Agribusiness Development Division of the African Development Bank (AfDB), explain. In the …

The action has affected trade in the West African region, causing diplomatic irritations among member states of the trading bloc ECOWAS.