African economies assesses: AfDB focuses on West Africa

The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports. The regional economic studies were released in Tunis (North Africa), Abidjan (West and Central Africa), Nairobi (Eastern Africa) and Pretoria (Southern Africa). Celestin Monga, Chief Economist and Vice President AfDB’s Economic Governance and Knowledge Management, said ‘By offering […]

Morocco to hold emerging economies summit

In partnership with Mohammed V University, London-based magazine Times Higher Education (THE) will organize its fourth Emerging Economies Summit from May 8-10. The editorial director of global rankings, Phil Baty, announced that, “after successful summits in Moscow, Delhi and Johannesburg, [he was] delighted to be taking this event to North Africa. “This will be the first […]

Statoil changes name to Equinor

Norway-based energy giant Statoil ASA (NYSE: STO) is changing its name to one that doesn’t include the word “oil.” The company, which has its U.S. upstream headquarters in Houston, plans to rebrand as Equinor as part of a shift to become a broader energy company, according to a March 15 press release. Shareholders will vote […]

Trade ministers meet over trade war

Two ministers each from Japan and Russia would be present at the gathering intended to muster support for various issues. According to a report by Economic Times of India, Trade ministers from Russia, Singapore, South Africa, Afghanistan, Bangladesh and Nepal, among others will participate in the informal gathering of World Trade Organisation (WTO) in new […]

Oil price rises

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose. Investors covered short bets ahead of a weekend in which the U.S. news programme “60 Minutes” will air an interview with Saudi Arabia’s crown prince. Brent futures rose to more than 66.42 dollars […]

African businesses should embrace cross-border e-commerce, says DHL

Cross-border retail volumes are predicted to increase at an annual average rate of 25% between 2015 and 2020 Cross border e-commerce continues to provide significant growth opportunities for retailers and manufacturers with an international online product offering. According to a 2017 DHL ( report, cross-border retail volumes are predicted to increase at an annual average […]

Suspicious electricity bills: Jos DISCO to instal statistical meters on transformers

…targets metering of 400, 000 customers …asks consumers to protect facilities against vandals The Jos Electricity Distribution Plc has concluded arrangements to “install statistical meters on all distribution transformers”, its Managing Director/CEO, Alhaji Mohammad Gidado Modibbo, has said. According to him, if put in place, the measure would end suspicion about electricity bill on customers. […]