Ethiopian Airlines has signed a landmark agreement with the African Development Bank (AfDB) to develop Africa’s largest airport—the Bishoftu International Airport in Ethiopia. The $7.8 billion project aims to dramatically scale up Ethiopia’s aviation capacity, to handle 60 million passengers annually by 2040, up from the current 17 million. CEO of Ethiopian Airlines Group, Mr….
Minister of Finance and Minister of Economy, Wale Edun, announced this during the launch of NAGS program on Wednesday in Abuja. He added that the focus will be more on the use of farms such as rice, maize, crops and dermatologists, to improve food supply and reduce high prices in the market. Distribute resources and…
In a high-level agenda-setting session held last night in Enugu, prominent stakeholders from the Southeast gathered to discuss the future of regional integration and economic development. The meeting, convened by business mogul and philanthropist Prince Engr. Arthur Eze, OFR, marked the conclusion of a comprehensive tour across all Southeastern states. During the session, the Southeast…
_SPHIWE SEMOSA In a bold assertion of financial sovereignty, Burkina Faso has declined financial assistance from the International Monetary Fund (IMF), marking a pivotal moment in the country’s economic and political trajectory. President Ibrahim Traore’s administration has chosen to forgo the IMF’s Extended Credit Facility, which was designed to address the nation’s balance of payments…
By Biola Adebayo Former President Goodluck Jonathan on Thursday insisted that the Federal Government did not lose $49.8 billion dollars under his watch as president. Jonathan stated this in Abuja on Thursday during his remarks at the launch of a book by the former Minister of Finance and National Planning, Dr Shamsudeen Usman, who served…
The former military head of state highlighted the struggles of many Nigerians in meeting basic needs such as food and transportation. Nigeria’s former Head of State, General Abdulsalami Abubakar, has lamented the acute hunger, hardship and the worsening economic conditions in the country, saying that the situation is “getting out of control.” Abubakar raised the…
Steve Hanke, an American professor of applied economics at Johns Hopkins University, has sharply criticized Nigerian President Bola Tinubu for his recent purchase of a $150 million Airbus A330 private jet, which Tinubu used for a trip to France. Hanke, who is well-regarded for his work on inflation, expressed his concerns on social media, highlighting…
The Borno State Governor, Babagana Zulum, has said that the Jauri Inland Dry Port located in Maiduguri, Borno State, would be ready by December. Zulum disclosed this on Wednesday, when he paid a courtesy visit to the Nigerian Shippers’ Council headquarters in Apapa, Lagos. He added that by establishing inland dry ports, the state would…
In the rapidly evolving world of fintech and banking, Allen Ellison stands out as a visionary leader with a profound impact on Africa’s economic landscape. As the CEO of Remit Global, Ellison has made significant strides in leveraging technology to tokenize precious natural resources and establish autonomous central banks across the African continent. His efforts…
The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. The business mogul made his opinion known at a summit hosted by the Manufacturers Association of Nigeria, MAN, on Tuesday at the State House…
