Tag Archives: Nigeria

Gateway Fair: Dangote to spend 10 billion dollars on rice cultivation…gives tools to block makers

The Dangote Group (www.Dangote.com) shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor, just as the Group disclosed that it was investing N10 billion dollars in rice cultivation in five states to boost food self-sufficiency. read more

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Solution to the Future of African Art

Man’s Cloth by El Anatsui (1998 – 2001), on display at the British Museum.

African art presents some of the most fascinating and attractive works. However, the growth of the art industry in Africa has been fluctuating for some time now. Up to 28 August, Fondation Louis Vuitton in Paris is showing a selection of the biggest collection of African art in the world, put together by the Frenchman, Jean Pigozzi. The show is an expression of how African art is still of interest but for some reasons refuse to grow (within and outside the African continent). This lack of growth can be clearly attributed to the lack of institutional support for African art. Many known mega galleries and museums have no defined African art sections. This has limited the knowledge of African arts and as well diminishing its growth. read more

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What happened to transparency?

Dr. IbeKachikwu, the minister of state for petroleum resources

At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. IbeKachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had indicated interest in the epileptic refineries. “By September, we will unveil the investors for the refineries,” the minister said smoothly, typically. “When we came onboard, the refineries were not working but as we speak, we have sizeable investment portfolio for them to an extent that we don’t know who to partner with for the investment.” read more

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Mauritius: Country with Highest Millionaire Growth in Africa.

The Oberoi Mauritius

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. read more

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10 Finance Enterprises to Compete for Innotribe’s $10,000 Start-up Challenge.

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. read more

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Digital Economy to Create over 3m Jobs, as Nigeria, Others Discuss Road Map in Geneva

Nigerian Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah and Sec. Gen of United Nations Conference on Trade and Development (UNCTAD), Dr. Mukhisa Kituyi at the e-Commerce week in Geneva

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. read more

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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). read more

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Dangote will be the largest exporter of rice in 5 years to come

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 read more

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Analyses and recommendations for the structural transformation of West African countries

Among the 21 reports presented, four are from West Africa: Cabo Verde, the Gambia, Ghana and Nigeria read more

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