Tag Archives: Nigeria
A new analysis from AfrAsia has it that Mauritius is fast rising and has the highest increasing number of millionaires in Africa although South Africa remains the lead country for highest number of millionaires. According to the report, the country experienced an exponential rise in per capita wealth – estimated at around 20 per cent and had the highest wealth per capita in Africa for the year 2016. The estimated value per capita for Mauritius was $25,700 followed by South Africa at an estimated $11,300.
SWIFT Innotribe which launched in 2009 as an innovation hub to connect people, ideas, and networks, has 10 startups to compete in the 3rd edition of the Startup Challenge for Africa.
It has emerged that financial services within Nigeria’s digital economy could add US$88 billion and create over 3 million new jobs over the next 10 years.
UN reaffirms commitment to supporting Nigeria in addressing economic recession and North-East Crisis
The Resident and Humanitarian Coordinator of the United Nations in Nigeria, Mr Edward Kallon, has reaffirmed his commitment and that of the United Nations system in Nigeria towards supporting the country’s efforts aimed at addressing current challenges such as the current economic recession and responding to the ongoing humanitarian crisis in the North-East. “I am also aware of the numerous challenges in the middle-belt and in the south of the country”, Mr Kallon acknowledged during his one-week mission (10 – 14 April 2017) to Lagos State where he engaged Lagos State government, the private sector, the media and a few Federal Government parastatals. He further committed to supporting the government in implementing the recently launched Economic Recovery and Growth Plan (ERGP).
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021
Among the 21 reports presented, four are from West Africa: Cabo Verde, the Gambia, Ghana and Nigeria
From the 28 to 30 March, 2017, Fairtrade will be holding the 2017 agrofood & plastprintpack in Nigeria. “This year more than one hundred exhibitors from 19 countries are represented, making it a record participation”, says Leonie Ganser, project manager at fairtrade. “It is the first ever exhibition filling both halls of the Lagos Landmark Centre.”
Lagos Garage, a hub for advanced manufacturing-based innovation, strategy development, idea generation and collaboration will be accepting 25 Tony Elumelu EF Entrepreneurs every year to participate in a dedicated 4-week advanced manufacturing training program.
The parlous story of African economic and social development since independence best expressed in the failure to achieve the autonomous capacity for self-actuated development and in particular to create conditions of national and continental modern mass production and prosperity is well known and need not be repeated.
2016: Dangote ends Nigeria’s Cement importation…exports 0.4m metric tons cement to neighboring countries
Following continuous increase in its production capacity, foremost cement manufacturer, Dangote Cement Plc (www.Dangote.com) has finally ended the era of Nigeria’s dependence on importation as the company exported 0.4 million tons of the product to other countries in 2016.