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12-June-2023

Algerian President to Meet Putin for Strategic Partnership

By Kestér Kenn Klomegâh Algerian President Abdelmadjid Tebboune would head an extensive ministerial delegation to visit Russia from June 14 through 16 to forge the strategic partnership between the two countries, the Le Jeune Independent news portal reported at the weekend. The report indicated that the president’s delegation expected to attend the St. Petersburg International Economic Forum (SPIEF). The forum will take place on 14–17 June 2023 at the ExpoForum Convention and Exhibition Centre in St. Petersburg, the second-largest city in the Russian Federation. Talks with Russian President Vladimir Putin are scheduled during the visit. The portal said the two

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09-June-2023

Tingg by Cellulant Automates Payments for Petrol Stations in Ghana

By Adedapo Adesanya  Tingg by Cellulant In-Store Solution has announced that it has started providing Oil Marketing Companies (OMCs) with a single payment collection point across multiple payment options and channels, ensuring real-time settlement. This allows OMCs in the country to reduce client queues at the till and boost customer satisfaction. In recent years, Ghana has experienced remarkable growth in its mobile money market, with over 50 per cent of the adult population having mobile money accounts, emerging as a leader in sub-Saharan Africa. This has sparked the rise of multiple payment platforms and solutions tailored to meet the diverse

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07-June-2023

South Africa Faces Deep-Seated Economic, Energy Crisis

By Kestér Kenn Klomegâh South Africa, highly considered an economic powerhouse, is in a deep-seated crisis. The energy deficit has crippled industrial operations, and supplies for domestic use have largely been reduced. Unemployment is rising, and the cost of living becomes unbearable across the country. As a result of the crisis, social discontent has engulfed every corner of South Africa. Reports monitored here say South Africa’s President Cyril Ramaphosa and his cabinet on May 7 held an extensive meeting with key business leaders as concern over the country’s energy crisis, logistic constraints, and close ties with Russia grow. Attendees discussed

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06-June-2023

Nigeria, Ghana Expediting Actions On Abidjan-Lagos Highway Construction

By Kestér Kenn Klomegâh Popularly referred to as the Abidjan-Lagos corridor, this is a long highway which stretches from Abidjan to Lagos, crossing five independent states (Côte d’Ivoire, Ghana, Togo, Benin, and Nigeria) from west to east, and includes two political capitals and many regional economic centres. By European standards too long, but this highway, which has a length of approximately 965 kilometres, is considered the most mega-project to undertake in Africa. Due to the countries’ linguistic, cultural and political differences, the region’s economic potential has not yet been fully exploited. There has been little alignment of standards and construction

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05-June-2023

GTS Drilling, Others Lauded for Supporting Children’s Heart Foundation

The President of the Children’s Heart Foundation, Ghana, Mrs Jacqui Akomka-Lindsay, has praised GTS Drilling and others for supporting the organisation over the years. According to her, over 200 children are diagnosed with congenital heart diseases annually in the country, and their families cannot pay $6,000 to $10,000 for surgery. She noted that the exploration and drilling company and others have always made efforts to support patients with funds to carry out surgeries. Speaking at the organisation’s annual fundraiser ball, she emphasised that it takes benevolent and kind-hearted individuals and organizations to aid children with heart defects. “At this juncture,

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05-June-2023

French-African Foundation Celebrates Achievements with Young Leaders from Africa

By Kestér Kenn Klomegâh Placed under the high patronage of the President of the French Republic, Emmanuel Macron, and the President of the Republic of Rwanda, Paul Kagame, the French-African Foundation will bring together the new class for a week in France in June 2023 and then a week in Rwanda for high-level meetings, interactive training and privileged moments of professional and personal exchanges with leading Franco-African and international personalities from the political, economic, cultural, sports and associative spheres. Young African leaders aged between 28 and 40 years in 2023 have also been chosen based on competitive performance in various

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02-June-2023

Global Food Price Index Trends Downward in May

By Adedapo Adesanya Global food prices dropped in May 2023, the United Nations Food and Agriculture Organisation (FAO) said on Friday. The FAO Food Price Index (FFPI) averaged 124.3 points in the month under review, down 3.4 points (2.6 per cent) from April and as much as 35.4 points (22.1 per cent) from the all-time high it reached in March 2022. The decline in May was underpinned by significant drops in the price indices for vegetable oils, cereals and dairy, which were partly counterbalanced by increases in the sugar and meat indices. The FAO Cereal Price Index averaged 129.7 points

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01-June-2023

Kenyan Entrepreneurs to Access Funds with Hustler Group Loan

By Adedapo Adesanya Kenyan entrepreneurs will access more loans with the launch of Hustler Group Loan, the second product of the Financial Inclusion Fund, an initiative of the President William Ruto administration. President Ruto said this would boost the hustler spirit and deepen financial inclusion in the country since the Fund has witnessed 42.5 million transactions through which 20.2 million Kenyans have accessed about Sh30 billion. He also noted that enterprises will now have access to affordable and accessible financing to spur their growth. The birth of the Hustler Group Loan follows the launch of the Hustler Fund early in

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01-June-2023

Imagine the Strategic Partnership between Asmara and Moscow

By Kestér Kenn Klomegâh In this extremely poor Eritrea nation located in the Horn of Africa, with a population of 3.6 million, what factors could attract to strengthen cooperation in the spheres highlighted by Russian President Vladimir Putin during a meeting with President of the State of Eritrea Isaias Afwerki at the Kremlin. According to reports from the Kremlin on May 31, Putin referred to the fact that Eritrea has recently marked 30 years of independence. This was when the two countries established diplomatic relations too. Russia is attracted due to its highly strategic location. Eritrea is bordered to the

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01-October-2023

Boosting Website Performance: Tips for Speed and Efficiency

By Rahul Baitha In today’s digital age, where instant gratification is the norm, website performance plays a critical role in delivering a positive user experience. Visitors expect websites to load quickly and respond seamlessly to their interactions. If your website lags or stumbles, you risk losing valuable traffic and potential customers. As a web designer or business owner, optimizing your website’s performance should be a top priority. In this comprehensive guide, we’ll explore essential tips and techniques to boost your website’s speed and efficiency. Understanding Website Performance Before diving into optimization strategies, it’s essential to grasp the fundamentals of website

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01-October-2023

NDLEA Nabs Suspected Kingpin in UK Drug Export Bust

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has arrested a suspect wanted for attempts to ship illicit drug consignments to the United Kingdom. This was made known in a statement signed by the NDLEA spokesman, Mr Femi Babafemi, on Sunday. He further disclosed arrests made by NDLEA operatives through interdiction operations that led to the seizure of four tons of illicit substances in the past week. According to the agency, the suspect, Mr Obiorah Chigozie, had been on its wanted list since September 15. This, he said, was when a consignment of 1.500kg skunk concealed in flour

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01-October-2023

BUA Cement Slashes Ex-Factory Prices to N3,500

By Aduragbemi Omiyale The management of BUA Cement Plc has announced a reduction in the prices of its cement from its factory without the transportation costs to N3,500 per bag (50kg). The cement maker confirmed this development in a statement issued on Sunday, noting that it was part of efforts to make sure customers get the products at cheaper prices. In the statement, BUA Cement disclosed that the slash in cement prices is from Monday, October 2, 2023, urging its distributors not to fleet the end users. The firm said, “All pending, undelivered orders which had been paid for at

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01-October-2023

NITDA Opens Applications for Tech Accelerator Fellowship

By Adedapo Adesanya The federal government through the National Information Technology Development Agency (NITDA) has opened applications for a tech startup accelerator fellowship program to empower Nigerians with innovative ideas. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the preparations for the training commenced in August with a meeting of stakeholders in tech to co-create innovative ways to achieve the target. He added that the meeting was the first in a series of ecosystem engagements to ensure that the government gets the best solutions from within. The new initiative from the NITDA is part of the

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01-October-2023

Nigeria @ 63: Tinubu Promises Relief in First Independence Broadcast

By Adedapo Adesanya The President of Nigeria, Mr Bola Tinubu, has promised relief amid reforms that have increased hardships among Nigerians in his first Independence Day broadcast on Sunday. Nigeria is marking her 63rd Independence anniversary. Speaking during a brief broadcast, President Tinubu said his reforms, including fuel subsidy removal and unification of exchange rates, have come with some effects, which he admitted were painful but are needed. He announced that small businesses would get much support while an additional N25,000 would be given to low-income earners for six months to cushion the hardship. Mr also promised housecleaning at the

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30-September-2023

Mediacraft Associates Employees Get 25% Pay Rise

By Modupe Gbadeyanka The salaries of employees of Mediacraft Associates Limited, a leading Nigerian full-service Public Relations and Integrated Brand Communications Consultancy firm, have been increased by 15 and 25 per cent. This was confirmed by a statement from the organisation as it celebrates its 20th anniversary this year. It was disclosed that the gesture was to reward the efforts of the workers toward the growth of the company and to cushion the current hardships in the country due to the removal of petroleum subsidy. According to the chief executive of Mediacraft Associates, Mr John Ehiguese, the salary increase had

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30-September-2023

Are Audio Streaming Platforms in Your Marketing Mix? They Should be

By Mark Redguard Walk down the streets of any major city around the world and take a look at all the people you pass along the way. Chances are you’ll see more people wearing earphones and headphones, in all of their shapes and sizes, than not. Most of those people, whether they’re consuming music or podcasts, will be listening through an audio streaming platform. In fact, Spotify’s 500 million-plus users spent more than 132 billion hours streaming audio on the platform in 2022.  And that’s just Spotify. Factor in other platforms, including the likes of Mdundo and Audiomack, and the

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30-September-2023

Unlisted Stock Investors Grow Market to N1.105trn

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

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30-September-2023

Naira Appreciates on Dollar Across FX Market Segments

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

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30-September-2023

Brent, WTI Shrink on Macroeconomic Worries, Profit Taking

By Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent