Monday, December 5, 2022

ECONOMY

Republic of the Congo’s economy expected to grow 2.6 pct in 2022: president

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The President of The Republic of the Congo, Denis Sassou Nguesso, said the country's economy is recovering, with an estimated growth rate of 2.6 percent in 2022. President Nguesso stated this in a statement issued in Brazzaville on Monday...

NEPC targets $30bn revenue annually from non-oil exports

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The Nigeria Export Promotion Council (NEPC) is targeting to generate a minimum of 30 billion dollars from non-oil exports annually as revenue. NEPC Trade Promotion Advisor Bello Noma stated this when he led his colleagues on a sensitisation visit to...

Kenya launches accelerated programme to create employment for 1m youth

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Kenya on Monday launched an accelerated programme that seeks to create at least one million employment and entrepreneurship opportunities for youth in Kenya. The entrepreneurship programme is to run per year for the next five years within the private sector. Kenya’s...

Tanzania to distribute 3 mln coffee seedlings to boost production

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State-run Tanzania Coffee Board (TCB) said Sunday that it would distribute 3 million Robusta coffee seedlings to farmers free of charge to boost production of the cash crop. Priscus Kimaryo, the acting director general of TCB, said all preparations for...

Economic growth to decline to 3.6% in Sub-Saharan Africa in 2022- IMF

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The International Monetary Fund (IMF), says economic growth in Sub-Saharan Africa (SSA) is expected to decline to 3.6 per cent in 2022 as against 4.7 per cent recorded in 2021. This is according to the IMF’s latest World Economic Outlook...

Blue Economy: Seabed Authority expresses positive hope for Nigeria, Africa

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The International Seabed Authority (ISA) has expressed hope for Nigeria and Africa to tap into the exploration of deep-sea minerals to boost it’s blue economy. The General Secretary of ISA, Mr Michael Lodge, stated this at the end of the...

Nigeria requires N3.5trn investment commitments for 2021-2025 development plan – Minister

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Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed says N348.1 trillion investment commitment is required for the successful implementation of the 2021-2025 National Development Plan (NDP). Mrs. Zainab made the declaration on Thursday in Abuja at the inauguration...

Ending global poverty by 2030 unlikely – World Bank

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The World Bank says the world is unlikely to meet the goal of ending extreme poverty by 2030, according to a new World Bank study. This is contained in a statement obtained from the World Bank website on Thursday in...

African Govt need to restore macroeconomic stability, protect poor – World Bank

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The World Bank says African Government urgently need to restore Macroeconomic stability and protect the poor in a context of slow growth and high inflation. This is contained in a statement obtained from the World Bank website on Tuesday in...

Nigeria an attractive investment destination of West Africa, says Bagudu

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Nigeria remains an attractive investment destination of West Africa and other parts of the world, Gov. Atiku Bagudu of Kebbi has said. .Bagudu made this known when the Chairman of WACOT Rice Company, Alhaji Faruk Gumel visited the governor at...

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U.S. slams military option in resolving Nigeria’s conflicts

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The United States (U.S.) yesterday urged Nigeria to look beyond a military option in resolving internal conflicts. The appeal was made under the auspices of...

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