Category Archives: Nigeria News

Nigeria News

Illumina collaborates with 54gene in the creation of a world-class genomics facility in Nigeria

54gene-Illumina team

Partnership will expand 54gene’s sequencing-based research and molecular diagnostics  capabilities with a focus on improving health outcomes through precision medicine 03 September, 2020,  Illumina, Inc. (NASDAQ: ILMN) today announced a collaboration with  54gene, a health technology company whose mission is to advance precision medicine capabilities in Africa through research, advanced molecular diagnostics and clinical programs. The […]

Sidney and Bernice Clyman – African Art collection

There are many ways to collect ancient and historical pieces of art. One of the most famous ways to collect art pieces and show off your wealth is to go to an auction house. Auction houses not only have the most unique collection of items but it is also a place where an individual can […]

How Fintech can help secure the world from the economic impact of viral pandemics

The coronavirus pandemic continues to turn the world and our lives upside down, with the outbreak forcing governments to put into place measures that reduce the risk of contamination, and focus on pre-emptive processes.  The strain on the economy is palpable, and is an impending catastrophe that could exceed the crash of 2008, and the Great […]

How fintechs are making Africa a leading global Innovation Hub

Image by i_am_zews

In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech has been a welcomed revolution that is seen to be boosting Africa’s financial infrastructure. With a growing population, an increasing rate of mobile and internet penetration, combined with a substantial need for financial inclusion, Africa […]

Lagos Must Address Pollution in Order to Thrive

Lagos Island and part of Lagos Harbour, taken from close to Victoria Island, looking north-west (NB this is not Ikoyi Bay as wrongly labelled elsewhere)

Africa is modernizing faster than anyone could have ever imagined.  African life expectancy has increased an astonishing eight years in the last decade, mostly due to technological leaps in medicine and health services.  Africa’s largest city, Lagos, is attracting international resources, and has become a destination for venture capital, due to the success of companies […]

Demand for African Talent is Increasing

Strategies to share talent between Africa and France By Kiné Seck Mercier A young woman spends her youth in Nigeria, leaving to attend a university in London. She goes on to work in the United States, Ghana, South America, Kenya and Zambia, finally settling in Paris. In many ways, she is illustrating an increasingly common […]

Hotel Development Industry in Africa

Zanzibar

Introduction           The development of a country partly depends on the expansion of their hotel and tourism industry. Africa is facing a tough time economically and they are trying their best to fight back this economic crisis. They focus on the hotel management sector and try to develop this industry. A hotel is not only […]

Downfall Of Money by Adeola Adejokun

ADEOLA ADEJOKUN

“Oh  God! Power outage again?” “I don’t know what’s wrong with  PHCN these days,  we have not been having power between 6 and 11pm for over a 2 months now.?” “I don’t know why everything is going backwards in this country, even when  I was growing up in the 80s, power supply wasn’t bad like this.” “Daddy! Habba! That […]

Tapping into Digital Technology Platforms to Increase Agriculture Productivity in Africa

African Business News

by Johan Burger Introduction Africa is a bit of an anomaly as far as agriculture is concerned. On the one hand, it has 65% of the world’s available uncultivated arable land, and it has the potential to feed the world. However, a country such as the Democratic Republic of the Congo (DRC), which has the […]

Trends and Events in Africa 2018

Map of the REC Pillars of the African Economic Community. Photo Credit: Wikipedia

by Johan Burger 2018 has been an interesting year for Africa, with various events and trends becoming visible. 2016 saw the effects of the slowdown of China’s economic growth due to its rebalancing of its economy and the end of the commodity price super cycle. 2017 brought some relief. In Africa, 2018 demonstrated a number […]

Friday@Noon on Economic Development in Africa: 2018

Along the east coast, north from Durban are huge sugar cane fields. Author: (WT-en) Fluglotse2000 at English Wikivoyage aka. User:Africaspotter Wikipedia.org

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The year 2018 saw numerous cases of economic development on the African continent. This would include trade, etc. Africa The US$2 trillion-plus Sub-Saharan Africa economy continues to […]

Friday@Noon on Agriculture in Africa – 2018

African Business News

by Johan Burger This paper addresses events and trends in the agriculture sector in Africa for 2018. It is based on the media articles addressed in the Friday@Noon weekly newsletters of the NTU-SBF Centre for African Studies in Singapore. These are by no means meant to constitute an exhaustive list of developments. General Agriculture in […]

Friday@Noon on Financial Services in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven […]

Friday@Noon on Regional Integration in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. Regional integration has become a high profile intervention and is seen as the route to economic integration and increasing intra-African trade. Some commentators are of the opinion […]

Friday@Noon on E-commerce in Africa: 2018

African Business News

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The growth and continuation of e-commerce in Africa has received various boosts during 2018. Africa’s leading online shopping platform, Jumia, reported in 2018 it wanted to make […]

Investing in Africa: An Outlook on Nigeria and Ethiopia

Africa-regions. Source: Wikipedia

Itumeleng Mukhovha, an associate in the Corporate/M&A practice at Baker McKenzie in Johannesburg One can easily assume that international investors are deterred from investing in Africa given the growing need to weather a global financial crisis, which has been distorted by Brexit, rising geopolitical tensions, tightened global liquidity conditions, leveraged loans and sketchy debts that […]

What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production

NJ Ayuk is the founder and CEO of Centurion Law Group and the executive chair of the Africa Energy Chamber of Commerce.

The Nigerian experience with marginal oil field development had measurable success, with 24 licenses awarded to 31 companies, some as sole operators and others as joint-ventures With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those […]

Africa Presents Unique Challenges for Multinational Corporations

Thabo Mpelele, Sales Manager: Southern & Eastern Africa, Orange Business Services Despite being plagued by economic uncertainty and socio-economic issues, Africa remains a promising long-term growth opportunity for business; with multinational corporations (MNCs) the world over continuing to enter into the region. When drawing up development and expansion plans any enterprise is faced with the fact that […]

Nigerian Mining Springs Opportunities for Foreign Investors

Commercial quality mineral resources abound in Nigeria but that’s not the issue here. While it’s true Nigeria has been blessed with grand quantities of gold, diamonds, iron ore, a variety of gemstones and lead, among others, find the technical expertise and financial savvy to take advantage of the resources has long plagued the region. The […]

Rex Tillerson, ExxonMobil and Africa: What to expect

Otavio Veras, Research Associate of the NTU-SBF Centre for African Studies Synopsis In the wake of controversial picks for Trump’s cabinet, the spotlight turns to his appointed choice for Secretary of State, the highest diplomatic rank in the United States government. After a brief interlude with Mitt Romney, which would certainly be a favourite pick […]

African Challenges to African Development

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. It is enough to re-state that Africa’s development […]

Crowding the private sector into Africa’s climate action

The global community for climate action was spooked by the November 8 election of Donald Trump as the next President of the United States. The US President-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax. However, there is cautious optimism that his presidency will not overturn the […]