UK Reinforces Relations With Cameroon and Chad

By Adedapo Adesanya The Director-General (DG) of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala, and the President of Kenya, Mr William Ruto, will hold a discussion on positive climate growth, investment, and trade in Africa tomorrow (Tuesday, September 19). The conversation, hosted by the Africa Center in partnership with Global Citizen, Climate Action Platform Africa (CAP-A), and the Government of Kenya, will take place at The Africa Center at Aliko Dangote Hall in New York City. Speaking on the programme, Mr Uzodinma Iweala, CEO of The Africa Center, said the conversation was coming at a time when Africa is

By Kestér Kenn Klomegâh The historic gathering on Climate Change inside Africa clearly portrays efforts at spearheading towards finding sustainable solutions to existing challenges. But African leaders are still standing at a crossroads as they try hard to balance their geopolitical positions, this time with raising the needed funds for controlling the effects of climate change in Africa. The majority of these African leaders consistently barked at Westerners and Europeans for their excessive control, and frequent interference in their internal affairs and shouted over aspects of democracy, human rights and hegemony, and yet looked forward to their invaluable investment in

By Adedapo Adesanya Gabon has become the latest African country to experience a military takeover as military officers appeared on television on Wednesday night, announcing they were putting an end to the current regime and cancelling an election that saw President Ali Bongo Ondimba win another extension to his rule. Mr Bongo’s whereabouts are unknown, according to reports as of press time. While announcing the cancellation of the vote results, one of the officers said “all the institutions of the republic” had been dissolved. The address was read by an officer flanked by a group of a dozen army colonels,

By Kestér Kenn Klomegâh Vladivostok, located in Russia’s Far East, hosted the 8th Eastern Economic Forum (EEF) from 12th to 13th September 2023 in an attempt to define further the development of this remote region. Since the beginning of the EEF in 2015, it has, until COVID-19 was followed by Russia’s own ‘special military operation’ in neighbouring Ukraine, the focus was largely on harnessing resources from the United States and Europe to the Far East region of the Russian Federation. Speeches and all kinds of remarks highly praised Western, European and Asia-Pacific participating countries and corporate enterprises under resonating themes

By Edwin Obune I read the poorly written article by one Mr Odo Ugochukwu where he expressed his animosity, myopic and jaundiced sense of judgements against the government of Enugu State led by Ifeanyi Ugwuanyi (Gburugburu). Ordinarily, I would have maintained my calm knowing full well that the hatchet writer is one of the ungrateful elements in the state who have sworn never to see or admit any good thing coming out of the state for reasons best known to them. But because the writer is on a catastrophic mission of demarketing the state with his shallow and uninformed views

By Adedapo Adesanya Shipping giant, Hapag-Lloyd, has opened its new office in Lagos to tap into the many opportunities available in the largest economy and most populous country in Africa, Nigeria. In a press statement released on Tuesday, the shipper noted that with the expansion, it hopes to play a crucial role in the container liner’s growth strategy on the continent, adding that its new office in will create further growth for the company and improve the country’s connection to the world. According to Mr Vishal Bundhun, Managing Director Area West Africa at Hapag-Lloyd, “We are happy to welcome the

By Adedapo Adesanya Crude oil prices settled lower on Thursday on fears over the economic outlook of the world’s biggest oil importer, China, weakening the Brent crude futures by $1.40 or 1.9 per cent to $74.42 a barrel and the United States West Texas Intermediate (WTI) crude futures by $1.42 or 2 per cent to $70.94 a barrel. The market was dealt the hand following rating downgrades to two Chinese property developers just as some governments took measures to fight the Omicron variant of the coronavirus. On Thursday, rating agency Fitch downgraded property developers China Evergrande Group and Kaisa Group

By Adedapo Adesanya The federal government through the National Broadcasting Commission (NBC) has sanctioned Arise TV, African Independent Television (AIT) and Channels Television for what the agency called a gross violation of the broadcast code, especially with the use of alleged unverifiable online video footages on their respective platforms. The three major broadcast stations were reprimanded over their alleged roles in the escalation of violence across the nation by airing various images of shootings of peaceful protestors by the Nigerian military. Business Post understands that the regulators fined Arise TV, AIT, and Channels between N2million and N3million. According to the

By Ahmed Rahma An experienced Public Relation practitioner, Mr Segun McMedal, has been appointed as the Director of Innovation and Business Development of a leading PR consultancy firm and Nigeria affiliate of the FleishmanHillard global PR network, Mediacraft Associates. Mr McMedal, who is the current Chairman of the Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR), will assume the new office from Monday, January 4, 2021. The PR guru is expected to bring his wealth of experience in Nigeria’s marketing communications landscape to bear in exploring and optimising new business opportunities, while also strengthening existing business relationships.

By Gregory Kronsten Infrastructure development has been set back by the COVID-19 virus and lockdowns. Projects have been delayed by the closure of airports to international traffic and the departure of foreign contractors.  Public finances have been seriously stretched across the world, leaving governments less able to support capital projects and in need of new revenue streams. These were the headline conclusions from a webinar we followed recently on Infrastructure and debt financing: bridging the gap. It was the latest in a series put together by a London-based business platform with more than 60 years’ experience in the field. African

By Modupe Gbadeyanka Data released by the Central Bank of Nigeria (CBN) on Wednesday, March 1, 2017, has revealed that the Manufacturing Purchasing Managers’ Index (PMI) declined to 44.6 index points in February 2017 from 48.2 points it was in January 2017. The apex bank, in its latest report, which was obtained by Business Post, noted that this indicates declines in the manufacturing sector for two consecutive months after an incidence of expansion in December 2016. It stated further that 14 of 16 sub-sectors reported declines in the review month in the following order: transportation equipment; paper products; electrical equipment;

By Adedapo Adesanya President Muhammadu Buhari on Friday presented before the two chambers of the National Assembly a record N20.51 trillion proposed budget for the 2023 financial year. The N20.51 trillion budget, which is the highest so far in the nation’s history, is the last to be presented by the President before his tenure elapses on May 29, 2023. Mr Buhari had been expected to present an Appropriation Bill of N19.75 trillion. According to the President, this 8th financial blueprint of his administration is tagged the Budget of Fiscal Sustainability and Transition. Mr Buhari while addressing members of the parliament