LOME, TogoThe economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website. Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong, and the region’s smaller countries are picking up as they shake off the lingering effects of the Ebola outbreak in 2013-16. Anglophone West Africa, which stretches from Gambia in the West to Nigeria in the East, is the second regional section of the website to go live. It covers six countries Ghana, Guinea, Liberia , Nigeria , Sierra Leone and Gambia and encompasses the West African Monetary Zone, which draws together the mostly English speaking countries
LONDON, United KingdomThe new investments were announced as Pakistan and Nigeria joined 53 nations in London for the Commonwealth Heads of Government Meeting (CHOGM), with the benefits of intra-Commonwealth trade high on the agenda. Global consumer brand Unilever will invest £86 million in new manufacturing capacity at its 4 factories in Pakistan. Anglo-Dutch oil giant Shell will also invest up to £13 million by 2020 in around 100 new fueling stations along the China-Pakistan Economic Corridor (CPEC) route. This will allow trucks carrying goods between the countries to refuel, driving increased trade. Meanwhile Dorset-based renewable energy firm Low Energy Designs Limited UK is launching ‘Light up Lagos’, a £38 million investment to deliver 40,000 low energy LED streetlights i
DUBAI, United Arab EmiratesThe Arabian Hotel Investment Conference 2018 (AHIC)) is officially underway at the purpose-built AHIC Village on the beach of the Waldorf Astoria in Ras Al Khaimah following the official opening ceremony this morning, with a record number of registered delegates from the regional and global hospitality investment industry. Now in its 14th year, the annual knowledge and networking platform for the global hospitality investment community, held in partnership with Ras Al Khaimah Tourism Development Authority (RAKTDA), was inaugurated by AHIC Host and Patron His Highness Sheikh Saud Bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah. “In a relatively short period of time, Ras Al Khaimah has changed dramatically, from a quiet, agri
ABUJA, NigeriaAn evaluation carried out by the World Health Organization (WHO), US Center for Disease Control (CDC), and country partners shows that administering monovalent rotavirus vaccine to African infants does not increase the risk of intussusception above base line levels. Intussusception is a form of bowel obstruction in which a part of the intestine folds into the section next to it. Seven countries in the WHO African Region using monovalent rotavirus vaccine participated in the evaluations, which enrolled a total of 1060 infants under one year old with intussusception. “These studies conducted in the African Region can serve as a model for other regions where wide-scale rotavirus vaccine introductions are just beginning and surveillance is ongoing as part of the WHO-
PRETORIA, South AfricaThe South African Film and Television Industry continues to attract Foreign Direct Investment from Hollywood’s major studios and creating employment for the services sector despite the economic challenges that South Africa experiences. This was said by the Acting Chairperson of the Portfolio Committee on Trade and Industry, Mr Adrian Williams during a site visit to the Cape Film Studios in Cape Town. Speaking at the end of the tour, Williams said the portfolio committee not only wanted to oversee the work done by the Department of Trade and Industry (the DTI) in the film and television industry, but also wanted to see returns on investment through employment created and transformation achieved as a result of the incentive that the companies receive from t
LONDON, United Kingdom Kenya's President Uhuru Kenyatta has said that the prevention of common diseases including malaria is at the top of Kenya’s goal to achieve universal healthcare. "Universal healthcare is part of the big four pillar agenda to deliver better lives for Kenyans, which the Jubilee Government has committed to."He said The Big Four Pillars at the core of President Kenyatta’s agenda during his second term are food security, affordable housing, manufacturing and affordable healthcare for all Speaking at a Global Malaria Summit in London, the President noted that malaria prevalence rate in Kenya has been reduced from 11 percent to eight percent thanks to continued targeted malaria interventions. “I am committed to beating malaria in Kenya, the Commonwealth and b
THE HAGUE, NetherlandsThe President of the International Criminal Court, Judge Chile Eboe-Osuji, has concluded an official visit to Nigeria, where he met with the senior leadership of the country to discuss ways to strengthen the international criminal justice system aimed at suppressing impunity for the gravest crimes. During his stay in Abuja, President Eboe-Osuji met with H.E. Prof. Yemi Osinbajo, Vice-President and acting President of Nigeria as well as H.E. Senator Bukola Saraki, President of the Senate, H.E. Rt. Hon. Yakubu Dogara, Speaker of the House of Representatives and H.E. Senator Ike Ekweremadu, Deputy President of the Senate, together with some of their colleagues in the senior leadership in the National Assembly. He also held meetings with H.E. Geoffrey Onyema, Mi...
London, United Kingdom Kenya's President Uhuru Kenyatta has today assured UK investors that Kenya’s business environment is stable and conducive for investment. The President said the country had withstood the immense burden of going through two presidential elections within two months at the end of last year. "Conducting two presidential elections in 60 days and coming out politically stable with a strong business environment is a feat few countries have ever achieved." He said While addressing the business forum, the President said that bringing together British investors, Kenyan business leaders and government officials, in London on the sidelines of the ongoing Commonwealth Meeting, opens business doors for Kenya and urged UK investors to increase their investments in the c