AIC News

African ports, like their counterparts elsewhere in the world, have been profoundly affected by the Covid-19 crisis. Trade volumes tumbled during the early months of the pandemic but a small number of ports actually managed to record some growth over the course of the crisis. However, the recovery has pushed up demand for containers, resulting […]

President of the African Development Bank Group, Dr. Akinwumi Adesina, will open the Africa Investment Forum (AIF) virtual boardroom sessions scheduled to hold from March 15 to 17 to showcase exceptional bankable projects. A statement by the bank said the event would showcase more than $50 billion of curated bankable projects to investors. The sessions […]

Despite the opportunities the African Continental Free Trade Area(AfCFTA) presents, its coverage in terms of business news and analysis is under-reported and this is detrimental to investments, the latest Business in Africa Narrative Report says. According to the report published by Africa No Filter, a narrative change organisation, the free trade agreement area is the […]

The first quarter of 2022 presents the perfect opportunity to reflect on your spending of last year and think about what you’d like to do with your money in the months to come. While you might want to save and invest to realise your goals, you may feel as though you don’t have enough money […]

The startup ecosystem in Africa has until now been dominated by Nigeria, Kenya, South Africa and Egypt (‘the Big 4’), countries that continue to receive the bulk of venture capital and other forms of investment. However, the situation seems to be slowly changing as noteworthy startups begin to rise from other countries within the continent, […]

It wasn’t so many years ago that there was a significant shortage of any kind of investor at all within the African tech space, a situation that has been righted since. The biggest VC firms in the world are now active, the local VC ecosystem is growing quickly, and, perhaps most importantly of all, successful […]

The recent summit between the European Union and the African Union raised hopes of genuine cooperation between the sides. A key test of the partnership will be in whether the EU lives up to its promises. As the dust settled on the February 2022 summit between the European Union and the African Union in Brussels, […]

H.E. Muhammadu Buhari, President of Nigeria, has committed to reducing the country’s greenhouse gas (GHG) emissions by 20% in 2030. The pledge aligns with other industrialized nations efforts and is set to rise to 45% subject to international support. The pledge follows the signing into law of the country’s first climate bill after the United […]

Over the course of 2022-2023 Angola aims to consolidate its post COVID-19 economic recovery agenda on the back of stronger oil and gas prices. Given the landmark USD$100 per barrel price threshold being exceeded, analysts are projecting an upbeat economic outlook for the country with real GDP growth expected at an average of 5.1% for […]

Nigerian independent oil and gas company Seplat Energy has reached an agreement with American multinational firm ExxonMobil to acquire the company’s subsidiary, Mobil Producing Nigeria Unlimited, and its business operations in a $1.2 billion deal. Seplat Energy will acquire the company’s 40% stake in four oil mining licenses comprising over 90 shallow-water and onshore platforms […]