ALL NEWS

April 23, 2019

Jumia Clarifies New York Listing

Jumia Technologies has clarified its recent listing on the New York Stock Exchange (NYSE), while assuring its global customers, Nigerians inclusive of better services to come.

According to e-Commerce company, its"...

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April 23, 2019

Aiteo shuts Nembe Creek Trunk Line due to fire

Nigeria’s Nembe Creek Trunk Line, one of the two major lines transporting Bonny Light crude oil, was shut on Sunday after a fire prompted a force majeure, operator Aiteo said.

Aiteo said its emergency response"...

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April 23, 2019

Electric vehicles enter phase of fastest growth

Like most other new products, electric vehicles sell in an S curve of a slow start with oversupply, then comes fastest growth with supply sometimes unable to keep up with demand and then comes saturation. Take pure electric buses as an example. Here, China rapidly deployed 400,000, 99 percent"...

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April 23, 2019

US $170m Power transmission projects in Nigeria kicks off

The Transmission Company of Nigeria (TCN) has disclosed that it has begun the execution of the US $170m power transmission project called the ‘Abuja Feeding Scheme’. The revelations were made by the Managing Director of TCN, Mr. Usman Mohammed during the ground breaking ceremony"...

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April 23, 2019

The Africa Integrated High Speed rail Network on track

The African Union‘s Development Agency has announced that the ambitious multibillion-dollar Africa Integrated High Speed rail Network, connecting the continent’s borders by 2063 is on track.

Adama Deen,"...

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April 23, 2019

African Alliance Group’s withdrawal from USE signals hard times ahead

African Alliance has announced its intended exit in May from Uganda’s stock market after 15 years.

The announcement has raised questions about the South African company’s future in African capital markets,"...

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April 23, 2019

Region braces for tough times as food crisis is forecast

East African countries are facing a food supply crisis, which is bound to increase the cost of living and push up governments’ budget deficits this year.

Much of the region has gone through a dry spell after"...

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April 23, 2019

Mauritians eyeing more investments in East Africa

East Africa has recently seen a surge in investments from Mauritius, with banking, insurance, agriculture, telecoms, trade as well as the oil and gas sectors receiving most of the capital.

Global consultancy firm"...

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April 23, 2019

Airbus sells longer-range A321, expects quick end to Boeing crisis

TOULOUSE: Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX.
Scherer, who took on the top sales"...

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April 23, 2019

Tender for installing GPS on exam boxes canceled

KUWAIT CITY, April 22: Assistant Undersecretary for Financial Affairs at Ministry of Education Yousef Al-Najjar revealed that the tender for installing GPS systems on examination boxes to track their movement from the Central Exams Control Unit in the ministry to various educational zones"...

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