President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that Africa accounts for just three percent of the total $25.3 trillion global trade with most of the economies highly vulnerable to commodity price volatility. Adesina, who made remark while speaking on sustainable trade and energy mix at the Sustainable Trade Africa Conference […]
German Chancellor, Olaf Scholz, has pledged his country’s $4.4 billion support for Africa-European Green Energy Initiative at the ongoing G20 Compact with Africa Investment Summit in Berlin, Germany. The Chancellor said that the funding would cover the initiative through 2030 with his country importing a significant portion of its green hydrogen from African countries. Scholz […]
African Export-Import Bank (Afreximbank), one of Africa’s multilateral finance institution, has advocated the need for increase in intra-African trade and financing based on the continent’s abundant youth and technology resources. The President/Chairman of the Board of Directors of the bank, Prof. Benedict Oramah, gave this charge to African governments in his opening remarks during the […]
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday charged the Nigerian Export-Import Bank (NEXIM) to improve exporters’ access to funds as a logical step towards fast-tracking Federal Government’s ongoing economic recovery drive. The President of the organized private sector group, Mrs. Toki Mabogunje, gave the charged at a webinar on funding opportunities for […]
The Nigerian Economic Summit Group (NESG) has projected that Nigeria’s economy will record a growth rate of 2.9 percent in 2021, representing 1.5 percent higher growth rate than earlier predicted by the International Monetary Fund (IMF). To meet its projection and shape the nation’s economy’s outlook this year, the group, in its 2021 Macroeconomic Outlook […]