May 16
Africa: New Revenue Streams - Using Africa's Vast Renewable Energy and Natural Resources for Premium Carbon Credits
Africa Renewal
Voluntary carbon market could reach $10-$40 billion by 2030, and create up to 190 million jobs in Africa by 2050 if carbon price per tonne reaches $80 Read more »
Nigeria: No Plan to Use Workers' Pension Funds Illegally, Federal Govt Replies Atiku
Leadership
The Federal Government has clarified that it has no plan to illegally access the savings and pensions of Nigerian workers to fund infrastructure projects. Read more »
Nigeria: Nigeria Cannot Remain Poor With Its Vast Mineral Wealth - Alake
Leadership
Nigeria cannot continue to be a poor country while it is blessed with such enormous wealth in mineral resources across every state in the country Read more »
Nigeria: The United States-Nigeria Open Skies Air Transport Agreement Enters Into Force [document]
State Department
The U.S.-Nigeria Air Transport Agreement, which has been provisionally applied since 2000, entered into force on May 13, 2024. This bilateral agreement establishes a modern civil… Read more »
Nigeria: N19.6trn Pension Fund - Labour Opposes Govt's Plans to Undermine Retirement Savings
Vanguard
The Organised Labour has frowned at the Federal Government's plan to utilise the N19.66 trillion pension funds for infrastructure development. Read more »
South Africa: Government Commits to Support Families of Collapsed George Building
SAnews.gov.za
President Cyril Ramaphosa has assured the families of the deceased and injured workers who were trapped inside the collapsed building in George, that government will do everything… Read more »
Kenya: Understanding Kenya's Regulations On State Officers' Offshore Bank Accounts
Business Day Africa
Did you know that public officers seeking to operate bank accounts outside Kenya are required get clearance from the ethics watchdog in compliance with law? Read more »
Africa: Africa CEO Forum - Who Are the Business Tycoons in Kigali?
New Times
The two-day 2024 Africa CEO forum bringing together more than 2,500 business leaders and policymakers begun in Kigali on Thursday, May 16, with participants taking stock of what… Read more »
Nigeria: Emirates Resumes Flights to Nigeria October 1
This Day
Two years after it suspended flights to Nigeria, the Middle East Mega Carrier, Emirates Airlines has announced that it would resume flight services to Nigeria from October 1, 2024. Read more »
Kenya: Financial Inclusion - Fintechs Bridge Gap for Unbanked With Hire Purchase Solutions
Capital FM
The Kenyan asset acquisition market has continued to grow in recent years with the emergence of fintech-based firms providing quality solutions. Read more »
Tunisia: Unemployment Rate Drops 0.2 Percent in Q1 of 2024 [upd 1]
Tunis Afrique Presse
The unemployment rate dropped to 16.2% in Q1 of 2024 from 16.4% in Q4 of 2023 and 16.1% in Q1 of 2023 as a result mainly of the increase in the number of people in active… Read more »
Nigeria: 'Blue Economy - Untapped Potential Abounds in Marítime Sector'
Leadership
The chairman, SIFAX Group, Dr. Taiwo Afolabi, Chairman, SIFAX Group, has identified coastal tourism and renewable energy generation as some of the potential areas of growth that… Read more »
Nigeria: Nigeria Attracts U.S.$133 Million Private Infrastructure Participation in 2023 - World Bank
Leadership
Nigeria in 2023 attracted $133 million in private infrastructure investment out of the $86 billion investments made in low- and middle-income countries, the World Bank Private… Read more »
Nigeria: EFCC to Use Technology to Combat Terrorism Financing
Leadership
The Economic and Financial Crimes Commission (EFCC) is settling for the use of technology to combat illicit flow of monies into the hands of terrorists. Read more »
Nigeria: NPA Rallies Investors for Lekki Deep Seaport Phase 2 Devt
Leadership
The managing director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko, has held an high-level engagements with China Harbour Engineering Company Ltd (CHEC) top… Read more »
Africa: AU Ban On Cruel Donkey Skin Trade a Game-Changer but Enforcement Challenges Linger [analysis]
Daily Maverick
Donkeys are an important part of life across Africa -- it's now up to countries to ensure the ban is implemented. Read more »
Africa: Africa Does Not Have to Ask for a Seat At the Table, Kagame Tells Business Leaders
New Times
President Paul Kagame on Thursday, May 16, issued a rallying call to African business and political leaders to work closely, together, noting that the more the continent is united,… Read more »
Namibia: Another Menzies Supreme Court Defeat
New Era
The protracted legal battle of Menzies Aviation to get back the multi-million-dollar ground handling tender that Namibia Airports Company (NAC) awarded to a joint venture between… Read more »
Kenya: Kenya Aims for Significant Investment During President Ruto's U.S. Visit
Capital FM
Kenya is gearing up to secure trillions of shillings in investments during President William Ruto's forthcoming state visit to the United States. The visit, spanning a week, will… Read more »
Kenya: U.S. Ambassador to Kenya Raises Concerns Over Proposed Tax Hike
Capital FM
U.S. Ambassador to Kenya, Meg Whitman, has expressed concerns about President William Ruto's proposal to increase Kenya's tax rate from 14% to 22% by the end of his tenure. Read more »
Liberia: Simeon Freeman Projects a Huge Budget Shortfall
New Dawn
Opposition Movement for Progressive Change (MPC) political leader Mr. Simeone Freeman has predicted a huge budget shortfall under President Joseph Nyumah Boakai's first budget… Read more »
Nigeria: Minimum Wage - Labour Moves for Wider Coverage of Workers
Vanguard
Organised Labour is making efforts to ensure more workers are covered by the upcoming National Minimum Wage, NMW, in its determination to reduce increasing cases of poverty across… Read more »
Nigeria: NLC, Others Decry Elusive Gains of Subsidy Removal, One Year After
Leadership
That President Bola Ahmed Tinubu announced removal of fuel subsidy is no longer news. Read more »
Nigeria: Minimum Wage - Labour Quits Talks As FG Offers N48,000 - Ops N54,000
Vanguard
Organised Labour yesterday walked out of the minimum wage negotiation after rejecting the government and the Organized Private Sector, OPS, new minimum wage proposals of N48,000… Read more »
Uganda: Tanzania, Uganda Organize Business Forum to Boost Trade, Investment
Daily News
The Uganda-Tanzania Business Forum 2024 is expected to uplift the trade volume and investment between the two countries. Read more »