[Column] Ehiedu Iweriebor: Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities.
Increased Infrastructure, Labour-Intensive Manufacturing Key to Africa’s Industrial Competitiveness - Afreximbank President
Labour was competitive in Africa but was not a tradable asset, the President noted, adding, “at this stage, it might be better to import fabrics and transform them into garments or to produce and assemble other labour-intensive light-manufacturing goods rather than processing raw materials in a way that may not enable Africa to compete globally”.
Three African Renewable Energy Projects Announced as Winners of the USD7m Access Co-Development Facility Prize
Three projects from Nigeria, Madagascar, and Sierra Leone, fought off fierce competition from almost 100 entries to win a share of US$7million prize. The prize also includes a package of technical support designed to bring their renewable energy projects to life.
Africa Finance Corporation (AFC) is pleased to announce its acceptance of a US$150 million 15 year loan facility from KfW [Development Bank] (KfW).
Africa’s CEOs look to innovation and technology to stimulate growth in uncertain global economic environment
After more than a decade of urbanisation, Africa is poised for a digital revolution. Increasingly, organisations are using technology to challenge business models and disrupt competitors in markets.
The African Development Bank was invited by the leadership of Nigeria’s North-West Region to review the Agricultural Development Strategy for the region and give an overview of AfDB’s ongoing and upcoming interventions in agriculture in Nigeria as they relate to the seven North-West states.
Zenith Bank Plc of Nigeria and the French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, have signed a US$100 Million power sector credit facility.
Nigeria's premier bank and most valuable banking brand First Bank of Nigeria Limited, has partnered the Katsina State Government in hosting the Katsina Economic Investment Summit with the theme: “Unlocking Investment Potentials for Sustainable Development”
Hotel development in Africa jumps 30% to 64,000 rooms, Nigeria leading in numbers, followed by Angola
The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.
The overall theme of this year’s conference, “Pathways to Progress” is very appropriate because, whilst we all agree that development is desirable, there is much we can debate on what constitutes an effective development program or paradigm, or what policy priority is the right fit for which region.